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FTC

FinTech Chain ASX:FTC Stock Report

Last Price

AU$0.025

Market Cap

AU$16.3m

7D

0%

1Y

-58.3%

Updated

05 Oct, 2022

Data

Company Financials
FTC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

FTC Stock Overview

FinTech Chain Limited, an investment holding company, engages in the provision of system development and information technology services in the People’s Republic of China.

FinTech Chain Competitors

Price History & Performance

Summary of all time highs, changes and price drops for FinTech Chain
Historical stock prices
Current Share PriceAU$0.025
52 Week HighAU$0.069
52 Week LowAU$0.018
Beta1.71
1 Month Change0%
3 Month Change19.05%
1 Year Change-58.33%
3 Year Change-83.87%
5 Year Change-80.00%
Change since IPO-97.22%

Recent News & Updates

Feb 14
Here's Why We Think FinTech Chain (ASX:FTC) Is Well Worth Watching

Here's Why We Think FinTech Chain (ASX:FTC) Is Well Worth Watching

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

FTCAU ITAU Market
7D0%2.1%3.6%
1Y-58.3%-7.2%-8.0%

Return vs Industry: FTC underperformed the Australian IT industry which returned -7.2% over the past year.

Return vs Market: FTC underperformed the Australian Market which returned -8% over the past year.

Price Volatility

Is FTC's price volatile compared to industry and market?
FTC volatility
FTC Average Weekly Movementn/a
IT Industry Average Movement11.5%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: Insufficient data to determine FTC's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine FTC's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010156John Xionghttps://www.ttg.hk

FinTech Chain Limited, an investment holding company, engages in the provision of system development and information technology services in the People’s Republic of China. It also provides point-of-sale machines. The company’s products comprise Payment T+ that includes prepaid card, integrated payment cashier, and commission assignment system, as well as POS P acquiring system; clearing F.E.A, such as bank identification number based promotion tool system, transaction E- authentication, horizontal clearing and universal points platforms.

FinTech Chain Fundamentals Summary

How do FinTech Chain's earnings and revenue compare to its market cap?
FTC fundamental statistics
Market CapAU$16.27m
Earnings (TTM)AU$339.69k
Revenue (TTM)AU$13.94m

48.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FTC income statement (TTM)
RevenueCN¥64.45m
Cost of RevenueCN¥41.84m
Gross ProfitCN¥22.61m
Other ExpensesCN¥21.04m
EarningsCN¥1.57m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0024
Gross Margin35.08%
Net Profit Margin2.44%
Debt/Equity Ratio-1,121.1%

How did FTC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FTC 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/Revenue1.3x
Enterprise Value/EBITDA44.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

FTC PE Ratio vs Peers
The above table shows the PE ratio for FTC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.8x
CGO CPT Global
10.9xn/aAU$14.4m
CNW Cirrus Networks Holdings
64x72.3%AU$28.8m
CXZ Connexion Telematics
44.7xn/aAU$9.4m
ESK Etherstack
15.4x57.6%AU$57.5m
FTC FinTech Chain
48xn/aAU$16.3m

Price-To-Earnings vs Peers: FTC is expensive based on its Price-To-Earnings Ratio (48x) compared to the peer average (33.8x).


Price to Earnings Ratio vs Industry

How does FTC's PE Ratio compare vs other companies in the Global IT Industry?

Price-To-Earnings vs Industry: FTC is expensive based on its Price-To-Earnings Ratio (48x) compared to the Global IT industry average (20.4x)


Price to Earnings Ratio vs Fair Ratio

What is FTC'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.

FTC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio48x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FTC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: FTC (A$0.03) is trading below our estimate of fair value (A$0.1)

Significantly Below Fair Value: FTC is trading below fair value by more than 20%.


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.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.1%

Forecasted Software 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 FinTech Chain 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.


Discover growth companies

  • Take a look at our analysis of FTC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • FinTech Chain competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has FinTech Chain performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


70.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FTC has high quality earnings.

Growing Profit Margin: FTC's current net profit margins (2.4%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: FTC has become profitable over the past 5 years, growing earnings by 70.9% per year.

Accelerating Growth: FTC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FTC had negative earnings growth (-84.7%) over the past year, making it difficult to compare to the IT industry average (9.1%).


Return on Equity

High ROE: FTC's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is FinTech Chain's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FTC has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FTC has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FTC has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FTC's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: FTC's debt is well covered by operating cash flow (45.5%).

Interest Coverage: FTC's interest payments on its debt are not well covered by EBIT (1x coverage).


Balance Sheet


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Dividend

What is FinTech Chain current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

FinTech Chain Dividend Yield vs Market
How does FinTech Chain dividend yield compare to the market?
SegmentDividend Yield
Company (FinTech Chain)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.0%
Industry Average (IT)2.4%
Analyst forecast in 3 Years (FinTech Chain)n/a

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FTC has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.8yrs

Average board tenure


CEO

John Xiong (47 yo)

11.83yrs

Tenure

CN¥740,872

Compensation

Mr. Qiang Xiong, also known as John, has been Chief Executive Officer of FinTech Chain Limited (formerly known as TTG Fintech Limited) since August 1, 2012 and has been its President since May 03, 2019. Mr...


CEO Compensation Analysis

John Xiong's Compensation vs FinTech Chain Earnings
How has John Xiong's remuneration changed compared to FinTech Chain's earnings?
DateTotal Comp.SalaryCompany Earnings
Mar 31 2022CN¥741kCN¥724k

CN¥2m

Dec 31 2021n/an/a

CN¥7m

Sep 30 2021n/an/a

CN¥12m

Jun 30 2021n/an/a

CN¥11m

Mar 31 2021CN¥714kCN¥701k

CN¥10m

Dec 31 2020n/an/a

CN¥9m

Sep 30 2020n/an/a

CN¥9m

Jun 30 2020n/an/a

CN¥6m

Mar 31 2020CN¥579kCN¥570k

CN¥4m

Dec 31 2019n/an/a

-CN¥2m

Sep 30 2019n/an/a

-CN¥8m

Jun 30 2019n/an/a

-CN¥3m

Mar 31 2019CN¥733kCN¥712k

CN¥3m

Dec 31 2018n/an/a

CN¥620k

Sep 30 2018n/an/a

-CN¥2m

Jun 30 2018n/an/a

-CN¥12m

Mar 31 2018CN¥442kCN¥437k

-CN¥23m

Dec 31 2017n/an/a

-CN¥23m

Sep 30 2017n/an/a

-CN¥24m

Jun 30 2017n/an/a

-CN¥23m

Mar 31 2017CN¥717kCN¥698k

-CN¥23m

Dec 31 2016n/an/a

-CN¥22m

Sep 30 2016n/an/a

-CN¥20m

Jun 30 2016n/an/a

-CN¥20m

Mar 31 2016CN¥664kCN¥656k

-CN¥19m

Compensation vs Market: John's total compensation ($USD104.14K) is below average for companies of similar size in the Australian market ($USD276.84K).

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


Board Members

Experienced Board: FTC's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

What is the ownership structure of FTC?
Owner TypeNumber of SharesOwnership Percentage
Private Companies2,000,0000.3%
General Public185,445,10328.5%
Individual Insiders463,324,48871.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 14 shareholders own 71.5% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
34.37%
Qiang Xiong
223,699,435CN¥5.6m0%no data
16.86%
Ki Shui Chow
109,749,435CN¥2.7m0%no data
11.95%
Wen Sheng Cai
77,786,935CN¥1.9m0%no data
4.27%
Yuchuan Yang
27,770,835CN¥694.3k-15.73%no data
0.93%
Christopher John Ryan
6,081,000CN¥152.0k0%no data
0.77%
Yangui Xiong
5,000,000CN¥125.0k0%no data
0.51%
Ling Chen Huei
3,333,800CN¥83.3k0%no data
0.38%
Chen Fen
2,500,000CN¥62.5k0%no data
0.35%
Lin Wu
2,264,026CN¥56.6k0%no data
0.31%
Venics Pty Ltd
2,000,000CN¥50.0k9.29%no data
0.26%
Sarah Edwards
1,700,000CN¥42.5k100%no data
0.26%
Ka Yung Chan
1,666,800CN¥41.7k0%no data
0.14%
Jasna Zarkovic
886,111CN¥22.2k0%no data
0.14%
Joseph Podvorec
886,111CN¥22.2k-57.92%no data

Company Information

FinTech Chain Limited's employee growth, exchange listings and data sources


Key Information

  • Name: FinTech Chain Limited
  • Ticker: FTC
  • Exchange: ASX
  • Founded: 2010
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Implied Market Cap: AU$16.269m
  • Shares outstanding: 650.77m
  • Website: https://www.ttg.hk

Number of Employees


Location

  • FinTech Chain Limited
  • 1701, Block B 2
  • No.15 KeYuan Road
  • Shenzhen
  • Guangdong Province
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTCASX (Australian Securities Exchange)YesCDI 1:1AUAUDNov 2012
FTCCHIA (Chi-X Australia)YesCDI 1:1AUAUDNov 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.