Finbar Group
Market Cap
AU$232.7m
Last Updated
2019/11/22 10:31 UTC
Data Sources
Company Financials
Executive Summary
Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia.
Snowflake
Fundamentals
Excellent balance sheet unattractive dividend payer.
Share Price & News
How has Finbar Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FRI has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.8%
FRI
-0.2%
AU Real Estate
-1.0%
AU Market
1 Year Return
3.6%
FRI
37.0%
AU Real Estate
16.2%
AU Market
Return vs Industry: FRI underperformed the Australian Real Estate industry which returned 37% over the past year.
Return vs Market: FRI underperformed the Australian Market which returned 16.2% over the past year.
Shareholder returns
| FRI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | -0.2% | -1.0% |
| 30 Day | -2.3% | 4.2% | -0.2% |
| 90 Day | -2.8% | 11.6% | 2.2% |
| 1 Year | 11.3%3.6% | 41.8%37.0% | 21.9%16.2% |
| 3 Year | 20.1%-1.7% | 35.8%21.2% | 36.3%17.7% |
| 5 Year | -11.8%-38.5% | 47.1%20.9% | 52.7%18.3% |
Price Volatility Vs. Market
How volatile is Finbar Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Does Finbar Group Limited (ASX:FRI) Have A Place In Your Dividend Stock Portfolio?2 weeks ago | Simply Wall St
Is Finbar Group (ASX:FRI) Using Too Much Debt?4 weeks ago | Simply Wall St
A Closer Look At Finbar Group Limited's (ASX:FRI) Uninspiring ROEValuation
Is Finbar Group undervalued compared to its fair value and its price relative to the market?
20.45x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FRI (A$0.86) is trading above our estimate of fair value (A$0.53)
Significantly Below Fair Value: FRI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FRI is poor value based on its PE Ratio (20.4x) compared to the Real Estate industry average (13x).
PE vs Market: FRI is poor value based on its PE Ratio (20.4x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FRI is good value based on its PB Ratio (0.9x) compared to the AU Real Estate industry average (1x).
Next Steps
Future Growth
How is Finbar Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
18.0%
Forecasted Real Estate 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 Finbar 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
- Examine Finbar Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Finbar Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Finbar Group performed over the past 5 years?
-27.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRI has high quality earnings.
Growing Profit Margin: FRI's current net profit margins (7.4%) are lower than last year (9.2%).
Past Earnings Growth Analysis
Earnings Trend: FRI's earnings have declined by -27.7% per year over the past 5 years.
Accelerating Growth: FRI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FRI had negative earnings growth (-18.3%) over the past year, making it difficult to compare to the Real Estate industry average (-2.4%).
Return on Equity
High ROE: FRI's Return on Equity (4.6%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Finbar Group's financial position?
Financial Position Analysis
Short Term Liabilities: FRI's short term assets (A$196.9M) exceeds its short term liabilities (A$79.1M)
Long Term Liabilities: FRI's short term assets (A$196.9M) exceeds its long term liabilities (51.0M)
Debt to Equity History and Analysis
Debt Level: FRI's debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: FRI's debt to equity ratio has reduced from 33% to 32% over the past 5 years.
Debt Coverage: FRI's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: FRI earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: FRI has a high level of physical assets or inventory.
Debt Coverage by Assets: FRI's debt is covered by short term assets (assets are 2.5x debt).
Next Steps
Dividend
What is Finbar Group's current dividend yield, its reliability and sustainability?
7.02%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FRI's dividend (7.02%) is higher than the bottom 25% of dividend payers in the Australian market (2.38%).
High Dividend: FRI's dividend (7.02%) is in the top 25% of dividend payers in the Australian market (5.58%)
Stability and Growth of Payments
Stable Dividend: FRI's dividend payments have been volatile in the past 10 years.
Growing Dividend: FRI's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (143.5%), FRI's dividend payments are not well 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 Finbar Group's salary, the management and board of directors tenure and is there insider trading?
9.3yrs
Average management tenure
CEO
Darren Pateman (50yo)
9.3yrs
Tenure
AU$980,308
Compensation
Mr. Darren John Pateman, EMBA, GradDipACG, ACSA, AGIA, MAICD, AFAIM, has been Managing Director of Finbar Group Limited since July 15, 2010. Mr. Pateman has been the Managing Director of 406 & 407 Newcastl ...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD665.65K) is above average for companies of similar size in the Australian market ($USD466.75K).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.3yrs
Average Tenure
50yo
Average Age
Experienced Management: FRI's management team is seasoned and experienced (9.3 years average tenure).
Board Age and Tenure
8.6yrs
Average Tenure
58.5yo
Average Age
Experienced Board: FRI's board of directors are considered experienced (8.6 years average tenure).
Insider Trading
Insider Buying: FRI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 45,521 |
| Max Price | AU$0.84 |
| Entity | Company |
| Shares | 68,510 |
| Max Price | AU$0.84 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 68,510 |
| Max Price | AU$0.84 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Independent Director |
| Shares | 36,196 |
| Max Price | AU$0.87 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Independent Director |
| Shares | 72,393 |
| Max Price | AU$0.87 |
| Entity | Individual |
| Role | Chief Executive Officer MD & Executive Director |
| Shares | 8,491 |
| Max Price | AU$0.87 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 50,000 |
| Max Price | AU$0.84 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.2%.
Management Team
John Chan (72yo)
Executive Chairman
- Tenure: 9.3yrs
- Compensation: AU$739.34k
Darren Pateman (50yo)
MD & Executive Director
- Tenure: 9.3yrs
- Compensation: AU$980.31k
Ed Bank
CFO & Company Secretary
- Tenure: 14.7yrs
- Compensation: AU$404.40k
Ronald Chan (38yo)
COO & Executive Director
- Tenure: 2.8yrs
- Compensation: AU$421.30k
Board Members
John Chan (72yo)
Executive Chairman
- Tenure: 9.3yrs
- Compensation: AU$739.34k
Kee Kong Loh (67yo)
Non-Executive Director
- Tenure: 26.6yrs
- Compensation: AU$76.11k
Darren Pateman (50yo)
MD & Executive Director
- Tenure: 9.3yrs
- Compensation: AU$980.31k
Terence Peh (45yo)
Non-Executive Director
- Tenure: 1.6yrs
- Compensation: AU$65.93k
Lee Verios (70yo)
Non-Executive Independent Director
- Tenure: 7.9yrs
- Compensation: AU$76.11k
Ronald Chan (38yo)
COO & Executive Director
- Tenure: 2.8yrs
- Compensation: AU$421.30k
Company Information
Finbar Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Finbar Group Limited
- Ticker: FRI
- Exchange: ASX
- Founded: 1984
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: AU$232.665m
- Shares outstanding: 272.12m
- Website: https://www.finbar.com.au
Location
- Finbar Group Limited
- 181 Adelaide Terrace
- Level 6
- East Perth
- Western Australia
- 6004
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FRI | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| FRI | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia. The company develops medium to high density residential buildings and commercial properties, as well as rent ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/22 10:31 |
| End of Day Share Price | 2019/11/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/06/30 |
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.