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FTG

Firan Technology GroupTSX:FTG Stock Report

Market Cap

CA$58.8m

7D

-4.1%

1Y

14.1%

Updated

26 Nov, 2021

Data

Company Financials +
FTG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth5/6
Past Performance3/6
Financial Health6/6
Dividends0/6

FTG Stock Overview

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.

Price History & Performance

Summary of all time highs, changes and price drops for Firan Technology Group
Historical stock prices
Current Share PriceCA$2.34
52 Week HighCA$3.50
52 Week LowCA$1.87
Beta1.62
1 Month Change-8.95%
3 Month Change-15.52%
1 Year Change14.15%
3 Year Change4.00%
5 Year Change-31.38%
Change since IPO46.25%

Recent News & Updates

Jul 16
Firan Technology Group Corporation (TSE:FTG) Just Reported, And Analysts Assigned A CA$3.50 Price Target

Firan Technology Group Corporation (TSE:FTG) Just Reported, And Analysts Assigned A CA$3.50 Price Target

There's been a notable change in appetite for Firan Technology Group Corporation ( TSE:FTG ) shares in the week since...

Jun 03
Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly

Here's Why Firan Technology Group (TSE:FTG) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

FTGCA ElectronicCA Market
7D-4.1%-4.5%-1.8%
1Y14.1%23.9%22.1%

Return vs Industry: FTG underperformed the Canadian Electronic industry which returned 23.9% over the past year.

Return vs Market: FTG underperformed the Canadian Market which returned 22.1% over the past year.

Price Volatility

Is FTG's price volatile compared to industry and market?
FTG volatility
FTG Average Weekly Movement4.5%
Electronic Industry Average Movement10.4%
Market Average Movement9.4%
10% most volatile stocks in CA Market17.2%
10% least volatile stocks in CA Market3.5%

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

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

About the Company

FoundedEmployeesCEOWebsite
1983486Brad Bournehttps://www.ftgcorp.com

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 operates in two segments, FTG Circuits (Circuits) and FTG Aerospace (Aerospace). The company provides printed circuit boards, standard rigid, high-density interconnect, RF circuitry, thermal management, and rigid flex and assembly products.

Firan Technology Group Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
FTG income statement (TTM)
RevenueCA$85.75m
Cost of RevenueCA$60.13m
Gross ProfitCA$25.62m
ExpensesCA$23.93m
EarningsCA$1.69m

Last Reported Earnings

Sep 03, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.069
Gross Margin29.88%
Net Profit Margin1.97%
Debt/Equity Ratio4.8%

How did FTG perform over the long term?

See historical performance and comparison

Valuation

Is Firan Technology Group 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: FTG (CA$2.34) is trading below our estimate of fair value (CA$5.08)

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


Price To Earnings Ratio

PE vs Industry: FTG is poor value based on its PE Ratio (33.9x) compared to the North American Electronic industry average (17.4x).

PE vs Market: FTG is poor value based on its PE Ratio (33.9x) compared to the Canadian market (12.5x).


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 (4.4x).


Future Growth

How is Firan Technology Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

133.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FTG's forecast earnings growth (133.5% per year) is above the savings rate (1.6%).

Earnings vs Market: FTG's earnings (133.5% per year) are forecast to grow faster than the Canadian market (10.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FTG's revenue (20.8% per year) is forecast to grow faster than the Canadian market (5.6% per year).

High Growth Revenue: FTG's revenue (20.8% per year) is forecast to grow faster 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?

-23.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTG has a large one-off gain of CA$3.0M impacting its September 3 2021 financial results.

Growing Profit Margin: FTG's current net profit margins (2%) are higher than last year (0.7%).


Past Earnings Growth Analysis

Earnings Trend: FTG's earnings have declined by 23% per year over the past 5 years.

Accelerating Growth: FTG's earnings growth over the past year (140.4%) exceeds its 5-year average (-23% per year).

Earnings vs Industry: FTG earnings growth over the past year (140.4%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: FTG's Return on Equity (3.1%) 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$56.7M) exceed its short term liabilities (CA$16.2M).

Long Term Liabilities: FTG's short term assets (CA$56.7M) exceed its long term liabilities (CA$11.9M).


Debt to Equity History and Analysis

Debt Level: FTG has more cash than its total debt.

Reducing Debt: FTG's debt to equity ratio has reduced from 34.9% to 4.8% over the past 5 years.

Debt Coverage: FTG's debt is well covered by operating cash flow (389.7%).

Interest Coverage: FTG's interest payments on its debt are well covered by EBIT (4.7x 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?

8.1yrs

Average management tenure


CEO

Brad Bourne (62 yo)

17.83yrs

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 ($USD408.22K) is above average for companies of similar size in the Canadian market ($USD164.22K).

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 (8.1 years average tenure).


Board Members

Experienced Board: FTG's board of directors are considered experienced (5.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Firan Technology Group Corporation's 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$58.779m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 23:32
End of Day Share Price2021/11/26 00:00
Earnings2021/09/03
Annual Earnings2020/11/30


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.