ASX:FID

Stock Analysis Report

Executive Summary

Fiducian Group Limited, through its subsidiaries, operates as a financial services company in Australia and India.

Snowflake

Fundamentals

Solid track record with reasonable growth potential.

Share Price & News

How has Fiducian Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-7.2%

FID

2.8%

AU Capital Markets

0.4%

AU Market


1 Year Return

18.0%

FID

17.8%

AU Capital Markets

9.8%

AU Market

Return vs Industry: FID matched the Australian Capital Markets industry which returned 17.8% over the past year.

Return vs Market: FID exceeded the Australian Market which returned 9.8% over the past year.


Shareholder returns

FIDIndustryMarket
7 Day-7.2%2.8%0.4%
30 Day-2.6%1.5%-1.3%
90 Day-7.2%3.7%-0.5%
1 Year23.2%18.0%23.2%17.8%16.1%9.8%
3 Year82.4%61.7%89.9%64.4%36.1%17.9%
5 Year260.2%188.3%188.1%126.2%49.4%15.7%

Price Volatility Vs. Market

How volatile is Fiducian Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.03%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FID (A$5.19) is trading below our estimate of fair value (A$5.19)

Significantly Below Fair Value: FID is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FID is good value based on its PE Ratio (15.7x) compared to the Capital Markets industry average (19.3x).

PE vs Market: FID is good value based on its PE Ratio (15.7x) compared to the Australian market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: FID is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: FID is overvalued based on its PB Ratio (4.7x) compared to the AU Capital Markets industry average (1.7x).


Next Steps

Future Growth

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

13.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FID's forecast earnings growth (13.9% per year) is above the savings rate (2.3%).

Earnings vs Market: FID's earnings (13.9% per year) are forecast to grow faster than the Australian market (10.3% per year).

High Growth Earnings: FID's earnings are forecast to grow, but not significantly.

Revenue vs Market: FID's revenue (8.9% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: FID's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FID's Return on Equity is forecast to be high in 3 years time (30.8%)


Next Steps

Past Performance

How has Fiducian Group performed over the past 5 years?

20.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FID's earnings have grown significantly by 20.4% per year over the past 5 years.

Accelerating Growth: FID's earnings growth over the past year (12.5%) is below its 5-year average (20.4% per year).

Earnings vs Industry: FID earnings growth over the past year (12.5%) exceeded the Capital Markets industry -2.9%.


Return on Equity

High ROE: FID's Return on Equity (29.7%) is considered high.


Return on Assets

ROA vs Industry: FID has a higher Return on Assets than the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: FID has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Fiducian Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FID has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FID's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: FID's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FID has a sufficient allowance for bad loans.

Low Risk Liabilities: FID reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FID has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FID has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FID has an appropriate level of bad loans.


Next Steps

Dividend

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

4.35%

Current Dividend Yield


Dividend Yield vs Market

company4.4%marketbottom25%2.4%markettop25%5.6%industryaverage3.8%forecastin3Years5.3%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FID's dividend (4.35%) is higher than the bottom 25% of dividend payers in the Australian market (2.44%).

High Dividend: FID's dividend (4.35%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).

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 (67.5%), 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

What is the CEO of Fiducian Group's salary, the management and board of directors tenure and is there insider trading?

7.7yrs

Average board tenure


CEO

Indy Singh (70yo)

23.8yrs

Tenure

AU$586,045

Compensation

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


CEO Compensation Analysis

Compensation vs. Market: Indy's total compensation ($USD401.21K) is about average for companies of similar size in the Australian market ($USD257.37K).

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


Board Age and Tenure

7.7yrs

Average Tenure

70yo

Average Age

Experienced Board: FID's board of directors are considered experienced (7.7 years average tenure).


Insider Trading

Insider Buying: FID insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellAU$28,82908 Oct 19
Robert Bucknell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,175
Max PriceAU$5.60
BuyAU$126,10211 Sep 19
Inderjit Singh
EntityIndividual
Role
Chief Executive Officer
Founder
Shares25,000
Max PriceAU$5.10
BuyAU$9,10002 Jan 19
Samir Hallab
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares2,500
Max PriceAU$3.64
BuyAU$44,86228 Nov 18
Samir Hallab
EntityIndividual
Role
Member of the Board of Directors
Non-Executive Director
Shares10,950
Max PriceAU$4.10
BuyAU$40,80007 Nov 18
David Butel
EntityIndividual
Shares10,000
Max PriceAU$4.08
BuyAU$711,64007 Nov 18
Peter Murray
EntityIndividual
Shares168,407
Max PriceAU$4.23

Ownership Breakdown


Management Team

  • Indy Singh (70yo)

    Founder

    • Tenure: 23.8yrs
    • Compensation: AU$586.05k
  • Rahul Guha

    Chief Financial Officer

    • Tenure: 0yrs
  • Julie Hargrave

    Head of Marketing & Communications

    • Tenure: 0yrs
  • Paul Gubecka

    General Counsel

    • Tenure: 0yrs
  • Robby Southall

    Executive Chairman of Financial Planning

    • Tenure: 0yrs
  • Conrad Burge

    Executive Chairman of Fiducian Investment Management Services

    • Tenure: 0.08yrs
  • Jai Singh

    Head of Distribution

    • Tenure: 0yrs
  • Alan Dunne

    Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Robert Bucknell (78yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: AU$110.80k
  • Indy Singh (70yo)

    Founder

    • Tenure: 23.8yrs
    • Compensation: AU$586.05k
  • Sam Hallab

    Non-Executive Director

    • Tenure: 3.2yrs
    • Compensation: AU$67.64k
  • Frank Khouri (64yo)

    Independent Non-Executive Director

    • Tenure: 12.3yrs
    • Compensation: AU$94.20k

Company Information

Fiducian Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fiducian Group Limited
  • Ticker: FID
  • Exchange: ASX
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$171.677m
  • Shares outstanding: 31.44m
  • Website: https://www.fiducian.com.au

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIDASX (Australian Securities Exchange)YesNew Ordinary SharesAUAUDSep 2000
FIDCHIA (Chi-X Australia)YesNew Ordinary SharesAUAUDSep 2000

Biography

Fiducian Group Limited, through its subsidiaries, operates as a financial services company in Australia and India. It operates through Financial Planning, Funds Management, and Corporate and Administration ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 10:43
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.