Finbar Group Valuation

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

FRI (A$0.85) is trading below our estimate of [[fair value]] (A$1.02)

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: FRI (A$0.85) is trading below our estimate of fair value (A$1.02)

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

Key Valuation Metric

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

Key metric: As FRI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FRI. This is calculated by dividing FRI's market cap by their current earnings.
What is FRI's PE Ratio?
PE Ratio	13.8x
Earnings	AU$16.60m
Market Cap	AU$229.94m

FRI 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/Revenue	2.1x
Enterprise Value/EBITDA	17.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does FRI's PE Ratio compare to its peers?

The above table shows the PE ratio for FRI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.6x
CWP Cedar Woods Properties	11.9x	13.1%	AU$482.7m
PPC Peet	18x	n/a	AU$657.9m
LIC Lifestyle Communities	21.5x	21.0%	AU$1.1b
TIA Tian An Australia	3.1x	n/a	AU$17.3m
FRI Finbar Group	13.8x	n/a	AU$229.9m

Price-To-Earnings vs Peers: FRI is expensive based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (13.6x).

Price to Earnings Ratio vs Industry

How does FRI's PE Ratio compare vs other companies in the Global Real Estate Industry?

95 Companies	Price / Earnings	Estimated Growth	Market Cap

95 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FRI is good value based on its Price-To-Earnings Ratio (13.8x) compared to the Global Real Estate industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

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

FRI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.8x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FRI's Price-To-Earnings Fair Ratio 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.

Discover undervalued companies

Acumentis Group

AU$17.9m

Provides valuation, research, and advisory services in relation to property and businesses in Australia.

ACU

AU$0.081

14.1%

Mustera Property Group

AU$38.0m

Operates as a property investment and development company in Australia.

MPX

AU$0.26

n/a

United Overseas Australia

AU$892.8m

Engages in the development and resale of land and buildings in Malaysia, Singapore, Vietnam, and Australia.

UOS

AU$0.54

1.9%

8.0%