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FRI

Finbar GroupASX:FRI Stock Report

Last Price

AU$0.80

Market Cap

AU$217.7m

7D

1.9%

1Y

-14.9%

Updated

22 Jan, 2022

Data

Company Financials
FRI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends1/6

FRI Stock Overview

Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Finbar Group
Historical stock prices
Current Share PriceAU$0.80
52 Week HighAU$0.96
52 Week LowAU$0.75
Beta0.61
1 Month Change1.27%
3 Month Change-7.51%
1 Year Change-14.89%
3 Year Change-1.23%
5 Year Change-18.37%
Change since IPO166.67%

Recent News & Updates

May 22
Finbar Group (ASX:FRI) Has A Pretty Healthy Balance Sheet

Finbar Group (ASX:FRI) Has A Pretty Healthy Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

FRIAU Real EstateAU Market
7D1.9%-2.3%-2.8%
1Y-14.9%-9.0%5.8%

Return vs Industry: FRI underperformed the Australian Real Estate industry which returned -9% over the past year.

Return vs Market: FRI underperformed the Australian Market which returned 5.8% over the past year.

Price Volatility

Is FRI's price volatile compared to industry and market?
FRI volatility
FRI Average Weekly Movement4.4%
Real Estate Industry Average Movement4.8%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: FRI is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FRI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984n/aDarren Patemanhttps://www.finbar.com.au

Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia. It develops medium to high density residential buildings and commercial properties, as well as rents its properties. The company was incorporated in 1984 and is based in East Perth, Australia.

Finbar Group Fundamentals Summary

How do Finbar Group's earnings and revenue compare to its market cap?
FRI fundamental statistics
Market CapAU$217.70m
Earnings (TTM)AU$8.85m
Revenue (TTM)AU$101.97m

24.6x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRI income statement (TTM)
RevenueAU$101.97m
Cost of RevenueAU$81.66m
Gross ProfitAU$20.30m
ExpensesAU$11.45m
EarningsAU$8.85m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.033
Gross Margin19.91%
Net Profit Margin8.68%
Debt/Equity Ratio29.5%

How did FRI perform over the long term?

See historical performance and comparison

Dividends

5.0%

Current Dividend Yield

123%

Payout Ratio

Valuation

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

24.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FRI (A$0.8) is trading above our estimate of fair value (A$0.45)

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 (24.6x) compared to the Australian Real Estate industry average (16.2x).

PE vs Market: FRI is poor value based on its PE Ratio (24.6x) compared to the Australian market (18.6x).


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).


Future Growth

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

29.6%

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.


Past Performance

How has Finbar Group performed over the past 5 years?

8.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRI has high quality earnings.

Growing Profit Margin: FRI's current net profit margins (8.7%) are higher than last year (4.3%).


Past Earnings Growth Analysis

Earnings Trend: FRI's earnings have grown by 8.9% per year over the past 5 years.

Accelerating Growth: FRI's earnings growth over the past year (33.6%) exceeds its 5-year average (8.9% per year).

Earnings vs Industry: FRI earnings growth over the past year (33.6%) underperformed the Real Estate industry 84%.


Return on Equity

High ROE: FRI's Return on Equity (3.6%) is considered low.


Financial Health

How is Finbar Group's financial position?


Financial Position Analysis

Short Term Liabilities: FRI's short term assets (A$118.6M) exceed its short term liabilities (A$26.5M).

Long Term Liabilities: FRI's short term assets (A$118.6M) exceed its long term liabilities (A$74.3M).


Debt to Equity History and Analysis

Debt Level: FRI's net debt to equity ratio (7.7%) is considered satisfactory.

Reducing Debt: FRI's debt to equity ratio has reduced from 33.3% to 29.5% over the past 5 years.

Debt Coverage: FRI's debt is well covered by operating cash flow (21.9%).

Interest Coverage: FRI earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

5.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FRI's dividend (5%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).

High Dividend: FRI's dividend (5%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).


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 fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (123%), 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

How experienced are the management team and are they aligned to shareholders interests?

11.5yrs

Average management tenure


CEO

Darren Pateman (52 yo)

11.5yrs

Tenure

AU$876,000

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 ($USD631.17K) is about average for companies of similar size in the Australian market ($USD537.36K).

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


Leadership Team

Experienced Management: FRI's management team is seasoned and experienced (11.5 years average tenure).


Board Members

Experienced Board: FRI's board of directors are seasoned and experienced ( 11.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FRI 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

Finbar Group Limited's 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
  • Implied Market Cap: AU$217.699m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.