Executive Summary
Fab-Form Industries Ltd. develops, manufactures, and distributes proprietary technology to form concrete footings, columns, foundations, and walls for building structures in Canada and the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with outstanding track record.
Share Price & News
How has Fab-Form Industries's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FBF has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-7.5%
FBF
-0.4%
CA Basic Materials
0.4%
CA Market
1 Year Return
-24.5%
FBF
46.2%
CA Basic Materials
11.2%
CA Market
Return vs Industry: FBF underperformed the Canadian Basic Materials industry which returned 46.2% over the past year.
Return vs Market: FBF underperformed the Canadian Market which returned 11.2% over the past year.
Shareholder returns
| FBF | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.5% | -0.4% | 0.4% |
| 30 Day | 23.3% | 4.5% | 0.007% |
| 90 Day | 0% | 1.1% | 0.4% |
| 1 Year | -24.5%-24.5% | 47.6%46.2% | 14.8%11.2% |
| 3 Year | 68.2%68.2% | 13.7%10.9% | 15.9%5.3% |
| 5 Year | 131.3%131.3% | 110.6%101.7% | 34.0%14.2% |
Price Volatility Vs. Market
How volatile is Fab-Form Industries's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Owns Most Fab-Form Industries Ltd. (CVE:FBF) Stock?4 weeks ago | Simply Wall St
Here's Why I Think Fab-Form Industries (CVE:FBF) Is An Interesting Stock2 months ago | Simply Wall St
Here's What Fab-Form Industries Ltd.'s (CVE:FBF) ROCE Can Tell UsValuation
Is Fab-Form Industries undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FBF (CA$0.37) is trading below our estimate of fair value (CA$2.18)
Significantly Below Fair Value: FBF is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FBF is good value based on its PE Ratio (10.3x) compared to the Basic Materials industry average (24.5x).
PE vs Market: FBF is good value based on its PE Ratio (10.3x) compared to the Canadian market (15.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FBF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FBF is overvalued based on its PB Ratio (2.2x) compared to the XN Basic Materials industry average (2x).
Next Steps
Future Growth
How is Fab-Form Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
19.6%
Forecasted Materials 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 Fab-Form Industries 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 whether Fab-Form Industries is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Fab-Form Industries competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Fab-Form Industries performed over the past 5 years?
31.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FBF has high quality earnings.
Growing Profit Margin: FBF's current net profit margins (11.1%) are higher than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: FBF's earnings have grown significantly by 31.9% per year over the past 5 years.
Accelerating Growth: FBF's earnings growth over the past year (55.4%) exceeds its 5-year average (31.9% per year).
Earnings vs Industry: FBF earnings growth over the past year (55.4%) exceeded the Basic Materials industry -20.1%.
Return on Equity
High ROE: FBF's Return on Equity (21.7%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Fab-Form Industries's financial position?
Financial Position Analysis
Short Term Liabilities: FBF's short term assets (CA$1.7M) exceed its short term liabilities (CA$322.6K).
Long Term Liabilities: FBF's short term assets (CA$1.7M) exceed its long term liabilities (CA$56.8K).
Debt to Equity History and Analysis
Debt Level: FBF is debt free.
Reducing Debt: FBF has no debt compared to 5 years ago when its debt to equity ratio was 242.3%.
Debt Coverage: FBF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: FBF has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: FBF has a high level of physical assets or inventory.
Debt Coverage by Assets: FBF's debt is not covered by short term assets (assets are -24.8x debt).
Next Steps
Dividend
What is Fab-Form Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate FBF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate FBF's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FBF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FBF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FBF's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
What is the CEO of Fab-Form Industries's salary, the management and board of directors tenure and is there insider trading?
5.9yrs
Average board tenure
CEO
Rick Fearn (75yo)
33.9yrs
Tenure
CA$64,194
Compensation
Mr. Richard N. Fearn, also known as Rick founded Fab-Form Industries Ltd. and has been its President and Chief Executive Officer since 1986. Mr. Fearn has invented and patented various aspects of the fabri ...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD48.62K) is below average for companies of similar size in the Canadian market ($USD170.89K).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
Board Age and Tenure
5.9yrs
Average Tenure
73yo
Average Age
Experienced Board: FBF's board of directors are considered experienced (5.9 years average tenure).
Insider Trading
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 not been meaningfully diluted in the past year.
Management Team
Rick Fearn (75yo)
CEO, President & Non Independent Director
- Tenure: 33.9yrs
- Compensation: CA$64.19k
Herb Bentz (66yo)
Chief Financial Officer
- Tenure: 9.9yrs
- Compensation: CA$2.00k
Bruce Clark (73yo)
Corporate Secretary & Independent Director
- Tenure: 5.9yrs
- Compensation: CA$2.00k
Joey Fearn (31yo)
Director
- Tenure: 1.4yrs
- Compensation: CA$2.00k
Stephen Gabbott
Information Manager
- Tenure: 0yrs
Board Members
Rick Fearn (75yo)
CEO, President & Non Independent Director
- Tenure: 33.9yrs
- Compensation: CA$64.19k
Don Russell (73yo)
Independent Chairman of the board
- Tenure: 0yrs
- Compensation: CA$2.00k
Bruce Clark (73yo)
Corporate Secretary & Independent Director
- Tenure: 5.9yrs
- Compensation: CA$2.00k
Joey Fearn (31yo)
Director
- Tenure: 1.4yrs
- Compensation: CA$2.00k
Company Information
Fab-Form Industries Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fab-Form Industries Ltd.
- Ticker: FBF
- Exchange: TSXV
- Founded: 1986
- Industry: Construction Materials
- Sector: Materials
- Market Cap: CA$3.264m
- Shares outstanding: 8.82m
- Website: https://www.fab-form.com
Location
- Fab-Form Industries Ltd.
- 1610 Derwent Way
- Unit 19
- Delta
- British Columbia
- V3M 6W1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FBF | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Oct 1999 |
Biography
Fab-Form Industries Ltd. develops, manufactures, and distributes proprietary technology to form concrete footings, columns, foundations, and walls for building structures in Canada and the United States. TÂ ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/12 23:39 |
| End of Day Share Price | 2019/12/11 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.