ASX:FID

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FID has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.0%

FID

-2.7%

AU Capital Markets

-0.1%

AU Market


1 Year Return

4.7%

FID

-5.6%

AU Capital Markets

-12.0%

AU Market

Return vs Industry: FID exceeded the Australian Capital Markets industry which returned -3.9% over the past year.

Return vs Market: FID exceeded the Australian Market which returned -10.5% over the past year.


Shareholder returns

FIDIndustryMarket
7 Day2.0%-2.7%-0.1%
30 Day-6.4%-4.9%-2.9%
90 Day13.9%-0.8%1.1%
1 Year9.1%4.7%-2.1%-5.6%-8.7%-12.0%
3 Year49.7%32.2%33.5%16.8%17.7%2.6%
5 Year229.8%167.4%68.7%34.1%44.5%14.1%

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?

17.28x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FID (A$5.75) is trading above our estimate of fair value (A$5.63)

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


Price To Earnings Ratio

PE vs Industry: FID is good value based on its PE Ratio (17.3x) compared to the AU Capital Markets industry average (20.9x).

PE vs Market: FID is good value based on its PE Ratio (17.3x) compared to the Australian market (19.9x).


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 (4.7x) compared to the AU Capital Markets industry average (1.2x).


Next Steps

Future Growth

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

9.0%

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.


Next Steps

Past Performance

How has Fiducian Group performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FID has high quality earnings.

Growing Profit Margin: FID's current net profit margins (19%) are lower than last year (20.9%).


Past Earnings Growth Analysis

Earnings Trend: FID's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: FID's earnings growth over the past year (1.1%) is below its 5-year average (16.6% per year).

Earnings vs Industry: FID earnings growth over the past year (1.1%) exceeded the Capital Markets industry -7.9%.


Return on Equity

High ROE: FID's Return on Equity (27.4%) is considered high.


Next Steps

Financial Health

How is Fiducian Group's financial position?


Financial Position Analysis

Short Term Liabilities: FID's short term assets (A$20.3M) exceed its short term liabilities (A$8.4M).

Long Term Liabilities: FID's short term assets (A$20.3M) exceed its long term liabilities (A$8.1M).


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


Next Steps

Dividend

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

4.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FID's dividend (4%) is higher than the bottom 25% of dividend payers in the Australian market (2.36%).

High Dividend: FID's dividend (4%) is low compared to the top 25% of dividend payers in the Australian market (5.7%).


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 (69.1%), 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?

1.0yrs

Average management tenure


CEO

Indy Singh (71 yo)

24.67yrs

Tenure

AU$594,617

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 ($USD434.00K) is above average for companies of similar size in the Australian market ($USD279.63K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Inderjit Singh
Founder24.67yrsAU$594.62k34.58%
A$ 62.5m
Rahul Guha
Executive Chairman of Fiducian Services & CFOno datano datano data
Paul Gubecka
General Counsel & Company Secretaryno datano datano data
Julie Hargrave
Head of Marketing & Communicationsno datano datano data
Robby Southall
Executive Chairman of Financial Planningno datano datano data
Conrad Burge
Executive Chairman of Fiducian Investment Management Services1yrno datano data
Jai Singh
Head of Distributionno datano datano data
Jessica Dass
Chief Risk Officerno datano datano data
Luke Grbin
Head of Platform Servicesno datano datano data
James Randall
Head of Information Technology0.67yrno datano data

1.0yrs

Average Tenure

Experienced Management: FID's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Inderjit Singh
Founder24.67yrsAU$594.62k34.58%
A$ 62.5m
Robert Bucknell
Non-Executive & Independent Director24.67yrsAU$104.00k1.59%
A$ 2.9m
Samir Hallab
Independent Non-Executive Director4.08yrsAU$68.39k0.34%
A$ 609.8k
Frank Khouri
Independent Non-Executive Director13.17yrsAU$95.29k0.85%
A$ 1.5m

8.6yrs

Average Tenure

71yo

Average Age

Experienced Board: FID's board of directors are considered experienced (8.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FID 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 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$180.795m
  • 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 Funds Management, Corporate and Platform Administration, and Financial ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/17 19:09
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.