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FID

Fiducian GroupASX:FID Stock Report

Market Cap

AU$269.8m

7D

4.4%

1Y

55.3%

Updated

21 Oct, 2021

Data

Company Financials
FID fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends3/6

FID Overview

Fiducian Group Ltd, through its subsidiaries, offers financial services in Australia and India.

Price History & Performance

Summary of all time highs, changes and price drops for Fiducian Group
Historical stock prices
Current Share PriceAU$8.57
52 Week HighAU$5.40
52 Week LowAU$8.65
Beta0.78
1 Month Change12.76%
3 Month Change26.03%
1 Year Change55.25%
3 Year Change110.05%
5 Year Change167.81%
Change since IPO614.17%

Recent News & Updates

Oct 14
Most Shareholders Will Probably Agree With Fiducian Group Ltd's (ASX:FID) CEO Compensation

Most Shareholders Will Probably Agree With Fiducian Group Ltd's (ASX:FID) CEO Compensation

Performance at Fiducian Group Ltd ( ASX:FID ) has been reasonably good and CEO Indy Singh has done a decent job of...

Aug 18
Fiducian Group (ASX:FID) Is Increasing Its Dividend To AU$0.15

Fiducian Group (ASX:FID) Is Increasing Its Dividend To AU$0.15

Fiducian Group Limited ( ASX:FID ) has announced that it will be increasing its dividend on the 13th of September to...

Apr 30
Is Fiducian Group Limited (ASX:FID) A Smart Choice For Dividend Investors?

Is Fiducian Group Limited (ASX:FID) A Smart Choice For Dividend Investors?

Dividend paying stocks like Fiducian Group Limited ( ASX:FID ) tend to be popular with investors, and for good reason...

Mar 14
Read This Before Selling Fiducian Group Limited (ASX:FID) Shares

Read This Before Selling Fiducian Group Limited (ASX:FID) Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

Shareholder Returns

FIDAU Capital MarketsAU Market
7D4.4%2.8%0.7%
1Y55.3%26.3%21.4%

Return vs Industry: FID exceeded the Australian Capital Markets industry which returned 24.9% over the past year.

Return vs Market: FID exceeded the Australian Market which returned 21.1% over the past year.

Price Volatility

Is FID's price volatile compared to industry and market?
FID volatility
FID Beta0.78
Industry Beta0.99
Market Beta1

Stable Share Price: FID is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FID's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aIndy Singhhttps://www.fiducian.com.au

Fiducian Group Ltd, through its subsidiaries, offers financial services in Australia and India. It operates through Funds Management, Financial Planning, Corporate Services, and Platform Administration segments. The company provides investor directed portfolio and separately managed accounts services; and acts as the trustee of fiducial superannuation services.

Fiducian Group Fundamentals Summary

How do Fiducian Group's earnings and revenue compare to its market cap?
FID fundamental statistics
Market CapAU$269.76m
Earnings (TTM)AU$12.18m
Revenue (TTM)AU$58.84m

22.2x

P/E Ratio

4.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FID income statement (TTM)
RevenueAU$58.84m
Cost of RevenueAU$33.01m
Gross ProfitAU$25.83m
ExpensesAU$13.66m
EarningsAU$12.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.39
Gross Margin43.91%
Net Profit Margin20.70%
Debt/Equity Ratio0%

How did FID perform over the long term?

See historical performance and comparison

Dividends

3.4%

Current Dividend Yield

69%

Payout Ratio

Valuation

Is Fiducian Group undervalued compared to its fair value and its price relative to the market?

22.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FID (A$8.57) is trading above our estimate of fair value (A$7.7)

Significantly Below Fair Value: FID is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FID is poor value based on its PE Ratio (22.2x) compared to the Australian Capital Markets industry average (17.5x).

PE vs Market: FID is poor value based on its PE Ratio (22.2x) compared to the Australian market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FID's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FID is overvalued based on its PB Ratio (6.3x) compared to the AU Capital Markets industry average (1.4x).


Future Growth

How is Fiducian Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.1%

Forecasted Diversified Financials 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 Fiducian Group 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.


Past Performance

How has Fiducian Group performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FID has high quality earnings.

Growing Profit Margin: FID's current net profit margins (20.7%) are higher than last year (19%).


Past Earnings Growth Analysis

Earnings Trend: FID's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: FID's earnings growth over the past year (16.4%) exceeds its 5-year average (12.2% per year).

Earnings vs Industry: FID earnings growth over the past year (16.4%) exceeded the Capital Markets industry 12.8%.


Return on Equity

High ROE: FID's Return on Equity (28.4%) is considered high.


Financial Health

How is Fiducian Group's financial position?


Financial Position Analysis

Short Term Liabilities: FID's short term assets (A$27.2M) exceed its short term liabilities (A$9.2M).

Long Term Liabilities: FID's short term assets (A$27.2M) exceed its long term liabilities (A$6.5M).


Debt to Equity History and Analysis

Debt Level: FID is debt free.

Reducing Debt: FID has not had any debt for past 5 years.

Debt Coverage: FID has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FID has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Fiducian Group current dividend yield, its reliability and sustainability?

3.41%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FID's dividend (3.41%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).

High Dividend: FID's dividend (3.41%) is low compared to the top 25% of dividend payers in the Australian market (5.31%).


Stability and Growth of Payments

Stable Dividend: FID's dividend payments have been volatile in the past 10 years.

Growing Dividend: FID's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.4%), FID's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.1yrs

Average management tenure


CEO

Indy Singh (72 yo)

25.75yrs

Tenure

AU$663,286

Compensation

Mr. Inderjit Singh, also known as Indy, CFP, BTech, MComm (Bus), ASIA, ASFA, Dip. FP, OAM, founded Fiducian Group Limited (formerly, Fiducian Portfolio Services Limited) in 1996 and has been its Managing D...


CEO Compensation Analysis

Compensation vs Market: Indy's total compensation ($USD496.73K) is about average for companies of similar size in the Australian market ($USD551.20K).

Compensation vs Earnings: Indy's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: FID's management team is considered experienced (2.1 years average tenure).


Board Members

Experienced Board: FID's board of directors are considered experienced (9.7 years average tenure).


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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fiducian Group Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Fiducian Group Ltd
  • Ticker: FID
  • Exchange: ASX
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$269.763m
  • Shares outstanding: 31.48m
  • Website: https://www.fiducian.com.au

Number of Employees


Location

  • Fiducian Group Ltd
  • 1 York Street
  • Level 4
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 18:07
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.