XTRA:FTK

Stock Analysis Report

Executive Summary

FinTech Group AG provides solutions and services in finance and financial technology for financial service providers in Europe.

Rewards

Trading at 37% below its fair value

Earnings are forecast to grow 16.65% per year

Earnings grew by 3.2% over the past year

Risk Analysis

Highly volatile share price over past 3 months

Shareholders have been diluted in the past year



Snowflake Analysis

Good value with moderate growth potential.


Similar Companies

Share Price & News

How has FinTech Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FTK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-6.8%

FTK

1.1%

DE Capital Markets

1.0%

DE Market


1 Year Return

25.6%

FTK

8.5%

DE Capital Markets

15.7%

DE Market

Return vs Industry: FTK exceeded the German Capital Markets industry which returned 8.5% over the past year.

Return vs Market: FTK exceeded the German Market which returned 15.7% over the past year.


Shareholder returns

FTKIndustryMarket
7 Day-6.8%1.1%1.0%
30 Day-8.0%1.1%1.0%
90 Day-24.4%-4.7%6.7%
1 Year25.6%25.6%10.8%8.5%19.3%15.7%
3 Year62.4%62.4%-11.9%-22.4%19.5%8.9%
5 Year137.0%137.0%-22.9%-35.0%36.9%18.3%

Price Volatility Vs. Market

How volatile is FinTech Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FinTech Group undervalued compared to its fair value and its price relative to the market?

37.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FTK (€21.35) is trading below our estimate of fair value (€33.88)

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


Price To Earnings Ratio

PE vs Industry: FTK is good value based on its PE Ratio (19.8x) compared to the Capital Markets industry average (26.1x).

PE vs Market: FTK is good value based on its PE Ratio (19.8x) compared to the German market (20.5x).


Price to Earnings Growth Ratio

PEG Ratio: FTK is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: FTK is overvalued based on its PB Ratio (2.2x) compared to the DE Capital Markets industry average (2x).


Next Steps

Future Growth

How is FinTech Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

16.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FTK's forecast earnings growth (16.6% per year) is above the savings rate (-0.4%).

Earnings vs Market: FTK's earnings (16.6% per year) are forecast to grow faster than the German market (13.3% per year).

High Growth Earnings: FTK's earnings are forecast to grow, but not significantly.

Revenue vs Market: FTK's revenue (11.5% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: FTK's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FTK's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

How has FinTech Group performed over the past 5 years?

25.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FTK has high quality earnings.

Growing Profit Margin: FTK's current net profit margins (17%) are lower than last year (17.5%).


Past Earnings Growth Analysis

Earnings Trend: FTK has become profitable over the past 5 years, growing earnings by 25.6% per year.

Accelerating Growth: FTK's earnings growth over the past year (3.2%) is below its 5-year average (25.6% per year).

Earnings vs Industry: FTK earnings growth over the past year (3.2%) exceeded the Capital Markets industry -2.7%.


Return on Equity

High ROE: FTK's Return on Equity (11%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FinTech Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FTK has a low level of unsold assets or inventory.

Debt Coverage by Assets: FTK's debt is covered by short term assets (assets are 17x debt).


Financial Institutions Analysis

Asset Level: FTK's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FTK has a sufficient allowance for bad loans.

Low Risk Liabilities: FTK reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FTK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FTK has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FTK has an appropriate level of bad loans.


Next Steps

Dividend

What is FinTech Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage2.0%forecastin3Years0%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate FTK'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 FTK's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: FTK is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FTK's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of FinTech Group's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average management tenure


CEO

Frank Niehage (51yo)

0yrs

Tenure

€1,000,000

Compensation

Mr. Frank Niehage, LLM, serves as the Chief Executive Officer of subsidiary AKTIONAERSBANK. Mr. Niehage has been Chief Executive Officer of FinTech Group AG since September 2, 2014. He has vast experience  ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD822.02K).

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


Management Age and Tenure

2.5yrs

Average Tenure

51yo

Average Age

Experienced Management: FTK's management team is considered experienced (2.5 years average tenure).


Board Age and Tenure

3.6yrs

Average Tenure

Experienced Board: FTK's board of directors are considered experienced (3.6 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 been diluted in the past year, with total shares outstanding growing by 8%.


Management Team

  • Frank Niehage (51yo)

    Chairman of Management Board & CEO

    • Tenure: 0yrs
    • Compensation: €1.00m
  • Niklas Helmreich (50yo)

    Head of B2C

    • Tenure: 0yrs
  • Muhamad Chahrour

    CFO & Member of the Management Board

    • Tenure: 2.9yrs
    • Compensation: €349.60k
  • Benon Janos

    Head of B2B

    • Tenure: 3.5yrs
  • Stephan Simmang

    CTO & Co-Head of IT

    • Tenure: 2.5yrs
  • Steffen Jentsch (52yo)

    MD & Co-Head of IT

    • Tenure: 2.4yrs
  • Jens Möbitz

    Managing Director

    • Tenure: 0.9yrs

Board Members

  • Martin Korbmacher (54yo)

    Chairman of the Supervisory Board

    • Tenure: 5.1yrs
    • Compensation: €192.44k
  • Stefan Müller

    Vice-Chairman of Supervisory Board

    • Tenure: 2.4yrs
    • Compensation: €81.74k
  • Herbert Seuling

    Member of the Supervisory Board

    • Tenure: 3.6yrs
    • Compensation: €48.09k

Company Information

FinTech Group AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FinTech Group AG
  • Ticker: FTK
  • Exchange: XTRA
  • Founded:
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: €404.702m
  • Shares outstanding: 18.96m
  • Website: https://www.fintechgroup.com

Number of Employees


Location

  • FinTech Group AG
  • Rotfeder-Ring 7
  • Frankfurt am Main
  • Hessen
  • 60327
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTKDB (Deutsche Boerse AG)YesRegistered SharesDEEURJun 2009
FTKXTRA (XETRA Trading Platform)YesRegistered SharesDEEURJun 2009
0W89LSE (London Stock Exchange)YesRegistered SharesGBEURJun 2009
FNNT.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJun 2009
FTKETLX (Eurotlx)YesRegistered SharesITEURJun 2009

Biography

FinTech Group AG provides solutions and services in finance and financial technology for financial service providers in Europe. It operates through Financial Services (FIN) and Technologies (TECH) segments ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 22:08
End of Day Share Price2019/12/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.