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FFT

Future First Technologies ASX:FFT Stock Report

Last Price

AU$0.032

Market Cap

AU$21.4m

7D

6.7%

1Y

-39.6%

Updated

24 Sep, 2022

Data

Company Financials
FFT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

FFT Stock Overview

Future First Technologies Ltd engages in building of digital platforms in Australia.

Future First Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Future First Technologies
Historical stock prices
Current Share PriceAU$0.032
52 Week HighAU$0.054
52 Week LowAU$0.023
Beta1.23
1 Month Change33.33%
3 Month Change6.67%
1 Year Change-39.62%
3 Year Change-44.83%
5 Year Change-89.33%
Change since IPO-96.40%

Recent News & Updates

Shareholder Returns

FFTAU Professional ServicesAU Market
7D6.7%-6.0%-2.7%
1Y-39.6%-15.2%-11.0%

Return vs Industry: FFT underperformed the Australian Professional Services industry which returned -15.2% over the past year.

Return vs Market: FFT underperformed the Australian Market which returned -11% over the past year.

Price Volatility

Is FFT's price volatile compared to industry and market?
FFT volatility
FFT Average Weekly Movement15.9%
Professional Services Industry Average Movement5.8%
Market Average Movement9.6%
10% most volatile stocks in AU Market16.9%
10% least volatile stocks in AU Market4.3%

Stable Share Price: FFT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: FFT's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2013n/aAdrian Rudmanhttps://futurefirsttech.io

Future First Technologies Ltd engages in building of digital platforms in Australia. The company offers Asset Vision platform, a cloud-based digital platform, provides a real-time view of how assets are being inspected, maintained, and managed, as well as picture of compliance and contractual obligations; and FARMBUY, a real estate portal for searching rural properties. The company was formerly known as PS&C Limited and changed its name to Future First Technologies Ltd in October 2020.

Future First Technologies Fundamentals Summary

How do Future First Technologies's earnings and revenue compare to its market cap?
FFT fundamental statistics
Market CapAU$21.45m
Earnings (TTM)-AU$11.92m
Revenue (TTM)AU$3.07m

7.0x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FFT income statement (TTM)
RevenueAU$3.07m
Cost of RevenueAU$3.36m
Gross Profit-AU$289.29k
Other ExpensesAU$11.63m
Earnings-AU$11.92m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin-9.41%
Net Profit Margin-387.54%
Debt/Equity Ratio0%

How did FFT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FFT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FFT?

Other financial metrics that can be useful for relative valuation.

FFT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue6.2x
Enterprise Value/EBITDA-4.7x
PEG Ration/a

Price to Sales Ratio vs Peers

How does FFT's PS Ratio compare to its peers?

FFT PS Ratio vs Peers
The above table shows the PS ratio for FFT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average11.3x
SOP Synertec
6.1x28.0%AU$66.1m
OXT Orexplore Technologies
37.6xn/aAU$9.1m
VRS Veris
0.5xn/aAU$43.1m
AMX Aerometrex
1.6x16.9%AU$39.6m
FFT Future First Technologies
7xn/aAU$21.4m

Price-To-Sales vs Peers: FFT is good value based on its Price-To-Sales Ratio (7x) compared to the peer average (11.3x).


Price to Earnings Ratio vs Industry

How does FFT's PE Ratio compare vs other companies in the AU Professional Services Industry?

Price-To-Sales vs Industry: FFT is expensive based on its Price-To-Sales Ratio (7x) compared to the Australian Professional Services industry average (1.8x)


Price to Sales Ratio vs Fair Ratio

What is FFT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FFT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FFT's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of FFT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate FFT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FFT's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Future First Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.9%

Forecasted Commercial Services industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Future First Technologies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of FFT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Future First Technologies competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Future First Technologies performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FFT is currently unprofitable.

Growing Profit Margin: FFT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FFT is unprofitable, but has reduced losses over the past 5 years at a rate of 5.6% per year.

Accelerating Growth: Unable to compare FFT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FFT is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (12.3%).


Return on Equity

High ROE: FFT has a negative Return on Equity (-89.02%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Future First Technologies's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: FFT's short term assets (A$4.5M) do not cover its short term liabilities (A$4.6M).

Long Term Liabilities: FFT's short term assets (A$4.5M) exceed its long term liabilities (A$2.2M).


Debt to Equity History and Analysis

Debt Level: FFT is debt free.

Reducing Debt: FFT has no debt compared to 5 years ago when its debt to equity ratio was 24%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FFT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FFT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 39.1% each year


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Dividend

What is Future First Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FFT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FFT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FFT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FFT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: FFT is not paying a notable dividend for the Australian market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FFT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Adrian Rudman

0.33yr

Tenure

Mr. Adrian Terence Rudman serves as Chief Executive Officer and Executive Director at Future First Technologies Ltd since May 2, 2022. He serves as Global Vice President of Keystone Solutions at Objective...


Leadership Team

Experienced Management: FFT's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: FFT's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:FFT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Jun 22BuyAU$520,924Naos Asset Management LimitedCompany14,952,135AU$0.035
17 Mar 22BuyAU$1,005Moelis Australia Asset Management LtdCompany30,000AU$0.033
10 Jan 22BuyAU$246,289Moelis Australia Asset Management LtdCompany8,209,705AU$0.03

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 57.4%.


Top Shareholders

Top 25 shareholders own 64.28% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.9%
Dkel Investment Pty Ltd
79,750,000A$2.6m0%no data
9.17%
Salter Brothers Emerging Companies Limited
61,428,572A$2.0m0%no data
7.51%
Naos Asset Management Limited
50,324,926A$1.6m42.27%0.48%
7.46%
Peano Investment Trust
50,000,000A$1.6m0%no data
6.51%
Moelis Australia Asset Management Ltd
43,612,496A$1.4m0%0.55%
4.35%
Remstrategy EST 1120 Pty Ltd
29,150,000A$932.8k0%no data
3.58%
Damian Smith
24,000,000A$768.0k0%no data
1.87%
Acn 644 931 108 Pty Ltd
12,500,000A$400.0k0%no data
1.85%
Glenn Fielding
12,382,782A$396.2k0%no data
1.74%
Flashlight Advisory Pty Ltd
11,668,484A$373.4k0%no data
1.25%
Babak Bigdeli
8,400,000A$268.8k0%no data
1.22%
Robert Hogeland
8,209,705A$262.7k0%no data
1.04%
Blair Gowans
6,982,293A$223.4k0%no data
0.79%
Laura Gowans
5,283,240A$169.1k0%no data
0.67%
Corey Yeatman
4,483,967A$143.5k0%no data
0.63%
Vistra Holdings S.à r.l., Asset Management Arm
4,231,381A$135.4k0%0.04%
0.59%
Australian Executor Trustees Limited, Asset Management Arm
3,966,324A$126.9k0%0.39%
0.54%
Ehan Tech PTY Ltd
3,600,000A$115.2k0%no data
0.39%
Vesna Jelesic
2,600,000A$83.2k0%no data
0.31%
Janine Crociani
2,064,114A$66.1k0%no data
0.3%
Nicholas Chan
2,000,000A$64.0k-11.11%no data
0.31%
Rodney Crociani
2,064,114A$66.1k0%no data
0.18%
Renata Sguario
1,200,000A$38.4k0%no data
0.1%
Nicole Ferro
700,000A$22.4k0%no data
0.035%
Adrian Rudman
233,333A$7.5k0%no data

Company Information

Future First Technologies Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Future First Technologies Ltd
  • Ticker: FFT
  • Exchange: ASX
  • Founded: 2013
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Implied Market Cap: AU$21.447m
  • Shares outstanding: 670.22m
  • Website: https://futurefirsttech.io

Location

  • Future First Technologies Ltd
  • 410 Collins Street
  • Level 11
  • Melbourne
  • Victoria
  • 3000
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FFTASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2013
FFTCHIA (Chi-X Australia)NPVAUAUDDec 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/20 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.