Executive Summary
Firan Technology Group Corporation manufactures and sells printed circuit boards, illuminated cockpit display panels, and keyboards in Canada, the United States, Asia, Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet.
Share Price & News
How has Firan Technology Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FTG is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FTG's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
7.0%
FTG
-4.3%
CA Electronic
-0.7%
CA Market
1 Year Return
4.1%
FTG
78.6%
CA Electronic
42.1%
CA Market
Return vs Industry: FTG underperformed the Canadian Electronic industry which returned 78.5% over the past year.
Return vs Market: FTG underperformed the Canadian Market which returned 42.1% over the past year.
Shareholder returns
| FTG | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.0% | -4.3% | -0.7% |
| 30 Day | 12.7% | -6.1% | 0.3% |
| 90 Day | 13.9% | -5.9% | 6.3% |
| 1 Year | 4.1%4.1% | 78.6%78.6% | 46.8%42.1% |
| 3 Year | 2.2%2.2% | -13.4%-13.4% | 30.0%17.7% |
| 5 Year | -0.9%-0.9% | -0.2%-0.2% | 56.0%32.6% |
Long-Term Price Volatility Vs. Market
How volatile is Firan Technology Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Think Some Shareholders May Hesitate To Increase Firan Technology Group Corporation's (TSE:FTG) CEO Compensation3 weeks ago | Simply Wall St
Why Firan Technology Group Corporation (TSE:FTG) Could Be Worth Watching1 month ago | Simply Wall St
Is Firan Technology Group (TSE:FTG) A Risky Investment?Valuation
Is Firan Technology Group undervalued compared to its fair value and its price relative to the market?
41.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FTG (CA$2.3) is trading below our estimate of fair value (CA$3.93)
Significantly Below Fair Value: FTG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FTG is good value based on its PE Ratio (15x) compared to the CA Electronic industry average (16x).
PE vs Market: FTG is good value based on its PE Ratio (15x) compared to the Canadian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: FTG is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: FTG is good value based on its PB Ratio (1.1x) compared to the CA Electronic industry average (10.3x).
Future Growth
How is Firan Technology Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
43.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FTG's forecast earnings growth (43% per year) is above the savings rate (1.5%).
Earnings vs Market: FTG's earnings (43% per year) are forecast to grow faster than the Canadian market (21.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FTG's revenue (8.2% per year) is forecast to grow faster than the Canadian market (7.4% per year).
High Growth Revenue: FTG's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FTG's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Firan Technology Group performed over the past 5 years?
-27.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTG has a large one-off gain of CA$1.3M impacting its March 5 2021 financial results.
Growing Profit Margin: FTG's current net profit margins (3.7%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: FTG's earnings have declined by 27.9% per year over the past 5 years.
Accelerating Growth: FTG's earnings growth over the past year (62.1%) exceeds its 5-year average (-27.9% per year).
Earnings vs Industry: FTG earnings growth over the past year (62.1%) underperformed the Electronic industry 62.1%.
Return on Equity
High ROE: FTG's Return on Equity (6.8%) is considered low.
Financial Health
How is Firan Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: FTG's short term assets (CA$56.1M) exceed its short term liabilities (CA$16.6M).
Long Term Liabilities: FTG's short term assets (CA$56.1M) exceed its long term liabilities (CA$13.7M).
Debt to Equity History and Analysis
Debt Level: FTG's debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: FTG's debt to equity ratio has reduced from 20.7% to 9.3% over the past 5 years.
Debt Coverage: FTG's debt is well covered by operating cash flow (249.7%).
Interest Coverage: FTG's interest payments on its debt are well covered by EBIT (10.5x coverage).
Balance Sheet
Dividend
What is Firan Technology Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FTG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FTG'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 FTG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FTG'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 FTG's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Brad Bourne (61 yo)
17.25yrs
Tenure
CA$522,028
Compensation
Mr. Bradley C. Bourne, also known as Brad, has been the Chief Executive Officer of Firan Technology Group Corporation (formerly Circuit World Corporation) since January 09, 2004 and has been its President ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD415.03K) is above average for companies of similar size in the Canadian market ($USD152.05K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: FTG's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: FTG's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FTG insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.
Top Shareholders
Company Information
Firan Technology Group Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Firan Technology Group Corporation
- Ticker: FTG
- Exchange: TSX
- Founded: 1983
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: CA$55.350m
- Shares outstanding: 24.49m
- Website: https://www.ftgcorp.com
Number of Employees
Location
- Firan Technology Group Corporation
- 250 Finchdene Square
- Toronto
- Ontario
- M1X 1A5
- Canada
Listings
Biography
Firan Technology Group Corporation manufactures and sells printed circuit boards, illuminated cockpit display panels, and keyboards in Canada, the United States, Asia, Europe, and internationally. It opera...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/20 22:49 |
| End of Day Share Price | 2021/04/20 00:00 |
| Earnings | 2021/03/05 |
| Annual Earnings | 2020/11/30 |
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.