ASX:SFL

Stock Analysis Report

Executive Summary

Spring FG Limited provides a range of financial services.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Spring FG's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

SFL

-0.8%

AU Diversified Financial

0.7%

AU Market


1 Year Return

n/a

SFL

-40.8%

AU Diversified Financial

11.0%

AU Market

Return vs Industry: Insufficient data to determine how SFL performed against the Australian Diversified Financial industry.

Return vs Market: Insufficient data to determine how SFL performed against the Australian Market.


Shareholder returns

SFLIndustryMarket
7 Day0%-0.8%0.7%
30 Day0%-7.1%-0.2%
90 Dayn/a-4.7%-0.1%
1 Yearn/a-39.9%-40.8%17.4%11.0%
3 Year-73.1%-75.0%-57.1%-62.0%36.3%18.0%
5 Yearn/a-52.3%-61.6%51.4%17.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Spring FG undervalued compared to its fair value and its price relative to the market?

0.83x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate SFL's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SFL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SFL is unprofitable, so we can't compare its PE Ratio to the Diversified Financial industry average.

PE vs Market: SFL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SFL is good value based on its PB Ratio (0.8x) compared to the AU Diversified Financial industry average (2x).


Next Steps

Future Growth

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

96.6%

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 Spring FG 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 Spring FG performed over the past 5 years?

-58.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SFL is unprofitable, and losses have increased over the past 5 years at a rate of -58.2% per year.

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

Earnings vs Industry: SFL is unprofitable, making it difficult to compare its past year earnings growth to the Diversified Financial industry (6.8%).


Return on Equity

High ROE: SFL has a negative Return on Equity (-10.82%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SFL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SFL is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Spring FG'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: SFL has a low level of unsold assets or inventory.

Debt Coverage by Assets: SFL's debt is covered by short term assets (assets are 2.046520x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is Spring FG's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.5%markettop25%5.6%industryaverage3.3%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Current Payout to Shareholders

Dividend Coverage: SFL is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SFL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

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

AU$384k

CEO Compensation


CEO

Keith Cullen (52yo)

0yrs

Tenure

AU$384,288

Compensation

Mr. Keith Robert Cullen is the Founder of Spring FG Limited and serves as its Chief Executive Officer and Group Managing Director. Mr. Cullen served as a Consultant to federal government departments and na ...


CEO Compensation Analysis

Compensation vs. Market: Keith's total compensation ($USD259.85K) is about average for companies of similar size in the Australian market ($USD261.02K).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.


Insider Trading

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


Recent Insider Transactions

BuyAU$22,23129 Apr 19
Christos Kelesis
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares600,000
Max PriceAU$0.037

Ownership Breakdown


Management Team

  • Keith Cullen (52yo)

    Founder

    • Tenure: 0yrs
    • Compensation: AU$384.29k
  • Chris Kelesis

    Executive Director

    • Tenure: 0yrs
    • Compensation: AU$245.54k
  • Ian Morgan

    Company Secretary

    • Tenure: 4.9yrs
  • Tony Pelosi

    Head of Workplace Education Services

    • Tenure: 0yrs
  • Cara Edwards

    Group Head of Compliance & Education

    • Tenure: 0yrs
  • Jack Standing

    National Head of Client Acquisition

    • Tenure: 1.8yrs
  • Michael Pelosi

    National Head of Client Strategy Management

    • Tenure: 0yrs

Board Members

  • Keith Cullen (52yo)

    Founder

    • Tenure: 0yrs
    • Compensation: AU$384.29k
  • Chris Kelesis

    Executive Director

    • Tenure: 0yrs
    • Compensation: AU$245.54k
  • Guy De Courcy Hedley

    Non-Executive Chairman

    • Tenure: 0yrs
    • Compensation: AU$48.00k

Company Information

Spring FG Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spring FG Limited
  • Ticker: SFL
  • Exchange: ASX
  • Founded: 2014
  • Industry: Other Diversified Financial Services
  • Sector: Diversified Financials
  • Market Cap: AU$7.130m
  • Shares outstanding: 142.59m
  • Website: https://www.springfg.com

Location

  • Spring FG Limited
  • 95 Pitt Street
  • Level 11
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SFLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDMar 2015

Biography

Spring FG Limited provides a range of financial services. It operates through two segments, Financial Planning, Investment Advice and Product Sales; and Accounting and Taxation Services. It offers financia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 10:38
End of Day Share Price2019/10/10 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.