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FPC

Far PropertyBSM:FPC Stock Report

Market Cap

P1.1b

7D

0%

1Y

-1.2%

Updated

17 Oct, 2021

Data

Company Financials
FPC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

FPC Overview

The Far Property Company Limited engages in the real estate development, property rental, and asset management businesses.

Far Property Competitors

New African Properties

BSM:NAP

P2.0b

Primetime Property Holdings

BSM:PRIMETIME

P562.7m

Stor-Age Property REIT

JSE:SSS

R6.0b

Tradehold

JSE:TDH

R2.6b

Price History & Performance

Summary of all time highs, changes and price drops for Far Property
Historical stock prices
Current Share PriceP2.45
52 Week HighP0
52 Week LowP0
Beta0.0040
1 Month Change0%
3 Month Change0%
1 Year Change-1.21%
3 Year Change-2.00%
5 Year Change-4.67%
Change since IPO-5.41%

Recent News & Updates

Shareholder Returns

FPCBW Real EstateBW Market
7D0%-0.5%0.1%
1Y-1.2%-1.5%1.3%

Return vs Industry: FPC matched the BW Real Estate industry which returned -1.5% over the past year.

Return vs Market: FPC underperformed the BW Market which returned 1.3% over the past year.

Price Volatility

Is FPC's price volatile compared to industry and market?
FPC volatility
FPC Beta0.0040
Industry Beta0.83
Market Beta1

Stable Share Price: FPC is less volatile than 75% of BW stocks over the past 3 months, typically moving +/- 0% a week.

Volatility Over Time: FPC's weekly volatility (0%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201013Shinu Joyhttps://www.farproperties.co.bw

The Far Property Company Limited engages in the real estate development, property rental, and asset management businesses. It operates through Residential Properties, Commercial Properties, Industrial Properties, and Other segments. The company owns approximately 173 properties in Botswana, South Africa, and Zambia, which cover primarily warehouses and shopping centers; and offers residential, commercial, and industrial properties for rent.

Far Property Fundamentals Summary

How do Far Property's earnings and revenue compare to its market cap?
FPC fundamental statistics
Market CapP1.10b
Earnings (TTM)P97.86m
Revenue (TTM)P158.91m

11.2x

P/E Ratio

6.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FPC income statement (TTM)
RevenueP158.91m
Cost of RevenueP34.66m
Gross ProfitP124.26m
ExpensesP26.39m
EarningsP97.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.22
Gross Margin78.19%
Net Profit Margin61.58%
Debt/Equity Ratio33.8%

How did FPC perform over the long term?

See historical performance and comparison

Dividends

7.3%

Current Dividend Yield

79%

Payout Ratio

Does FPC pay a reliable dividends?

See FPC dividend history and benchmarks
When do you need to buy FPC by to receive an upcoming dividend?
Far Property dividend dates
Ex Dividend DateNov 01 2021
Dividend Pay DateNov 12 2021
Days until Ex dividend14 days
Days until Dividend pay date25 days

Does FPC pay a reliable dividends?

See FPC dividend history and benchmarks

Valuation

Is Far Property undervalued compared to its fair value and its price relative to the market?

48.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FPC (BWP2.45) is trading below our estimate of fair value (BWP4.71)

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


Price To Earnings Ratio

PE vs Industry: FPC is good value based on its PE Ratio (11.2x) compared to the BW Real Estate industry average (12.7x).

PE vs Market: FPC is poor value based on its PE Ratio (11.2x) compared to the BW market (10.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FPC is overvalued based on its PB Ratio (1.1x) compared to the BW Real Estate industry average (0.8x).


Future Growth

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

37.9%

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 Far Property 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 Far Property performed over the past 5 years?

22.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FPC has high quality earnings.

Growing Profit Margin: FPC's current net profit margins (61.6%) are higher than last year (59.6%).


Past Earnings Growth Analysis

Earnings Trend: FPC's earnings have grown significantly by 22.3% per year over the past 5 years.

Accelerating Growth: FPC's earnings growth over the past year (0.8%) is below its 5-year average (22.3% per year).

Earnings vs Industry: FPC earnings growth over the past year (0.8%) exceeded the Real Estate industry -30%.


Return on Equity

High ROE: FPC's Return on Equity (10.1%) is considered low.


Financial Health

How is Far Property's financial position?


Financial Position Analysis

Short Term Liabilities: FPC's short term assets (BWP58.6M) do not cover its short term liabilities (BWP188.5M).

Long Term Liabilities: FPC's short term assets (BWP58.6M) do not cover its long term liabilities (BWP296.8M).


Debt to Equity History and Analysis

Debt Level: FPC's debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: FPC's debt to equity ratio has reduced from 73.6% to 33.8% over the past 5 years.

Debt Coverage: FPC's debt is well covered by operating cash flow (44.1%).

Interest Coverage: FPC's interest payments on its debt are well covered by EBIT (4.6x coverage).


Balance Sheet


Dividend

What is Far Property current dividend yield, its reliability and sustainability?

7.27%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 18 2021Ex Dividend DateNov 01 2021Dividend Pay DateNov 12 202111 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FPC's dividend (7.27%) is higher than the bottom 25% of dividend payers in the BW market (4.27%).

High Dividend: FPC's dividend (7.27%) is low compared to the top 25% of dividend payers in the BW market (7.98%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FPC has been paying a dividend for less than 10 years.

Growing Dividend: FPC's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.8%), FPC's payments are 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?

3.8yrs

Average board tenure


CEO

Shinu Joy

no data

Tenure

Mr. Shinu Joy, ACA, ACMA-(US), serves as Head of Finance and Operations at The Far Property Company Limited and serves as its Acting CEO. Mr. Joy has been involved in operations and finance in India, Middl...


Board Members

Experienced Board: FPC's board of directors are considered experienced (3.8 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5%.


Top Shareholders

Company Information

The Far Property Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: The Far Property Company Limited
  • Ticker: FPC
  • Exchange: BSM
  • Founded: 2010
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: P1.097b
  • Shares outstanding: 447.71m
  • Website: https://www.farproperties.co.bw

Number of Employees


Location

  • The Far Property Company Limited
  • Acumen Park
  • Plot 50370
  • Gaborone
  • Botswana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 14:03
End of Day Share Price2021/10/15 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.