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FBD Holdings

BST:EG7
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EG7
BST
€326M
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

FBD Holdings plc, through its subsidiaries, provides property and casualty insurance products to farmers, private individuals, and business owners in Ireland. The last earnings update was 117 days ago. More info.


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EG7 Share Price and Events
7 Day Returns
2.1%
BST:EG7
-0.6%
DE Insurance
-0.9%
DE Market
1 Year Returns
-
BST:EG7
19.7%
DE Insurance
-7.4%
DE Market
EG7 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FBD Holdings (EG7) 2.1% 5.8% 2.6% - - -
DE Insurance -0.6% 1.1% 1.4% 19.7% 61.5% 60.8%
DE Market -0.9% -0.4% -3.7% -7.4% 8.1% 12%
1 Year Return vs Industry and Market
  • No trading data on EG7.
  • No trading data on EG7.
Price Volatility
EG7
Industry
5yr Volatility vs Market

EG7 Value

 Is FBD Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FBD Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FBD Holdings.

BST:EG7 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= €9.18 * 10%
€0.92
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. €9.18
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:EG7
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 7.1%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.685 (1 + (1- 12.5%) (15.15%))
0.85
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.85 * 7.14%)
6.29%

Discounted Cash Flow Calculation for BST:EG7 using Excess Returns Model Model

The calculations below outline how an intrinsic value for FBD Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

BST:EG7 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 6.29%) * €9.18)
€0.34
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= €0.34 / (6.29% - 0.23%)
€5.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= €9.18 + €5.58
€14.77
BST:EG7 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:EG7 represents 0.94782x of ISE:EG7
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94782x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 14.77 x 0.94782
€14.00
Value per share (EUR) From above. €14.00
Current discount Discount to share price of €8.72
= -1 x (€8.72 - €14.00) / €14.00
37.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price FBD Holdings is available for.
Intrinsic value
38%
Share price is €8.72 vs Future cash flow value of €14
Current Discount Checks
For FBD Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FBD Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FBD Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FBD Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FBD Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:EG7 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €1.22
ISE:EG7 Share Price ** ISE (2019-07-22) in EUR €9.2
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.42x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.71x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FBD Holdings.

BST:EG7 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:EG7 Share Price ÷ EPS (both in EUR)

= 9.2 ÷ 1.22

7.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FBD Holdings is good value based on earnings compared to the DE Insurance industry average.
  • FBD Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does FBD Holdings's expected growth come at a high price?
Raw Data
BST:EG7 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-4.7%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.13x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

BST:EG7 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.52x ÷ -4.7%

-1.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FBD Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FBD Holdings's assets?
Raw Data
BST:EG7 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €8.18
ISE:EG7 Share Price * ISE (2019-07-22) in EUR €9.2
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.08x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.72x
BST:EG7 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:EG7 Share Price ÷ Book Value per Share (both in EUR)

= 9.2 ÷ 8.18

1.13x

* Primary Listing of FBD Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FBD Holdings is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess FBD Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. FBD Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EG7 Future Performance

 How is FBD Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FBD Holdings expected to grow at an attractive rate?
  • FBD Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • FBD Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • FBD Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:EG7 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:EG7 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -4.7%
BST:EG7 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 1%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:EG7 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:EG7 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 356 41 36 3
2020-12-31 348 51 36 3
2019-12-31 340 53 37 3
BST:EG7 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 349 33 42
2018-09-30 348 30 45
2018-06-30 347 27 49
2018-03-31 344 63 46
2017-12-31 342 100 43
2017-09-30 338 91 33
2017-06-30 334 83 24
2017-03-31 329 48 17
2016-12-31 323 14 9
2016-09-30 328 14 7
2016-06-30 332 15 5
2016-03-31 337 27 -35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FBD Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • FBD Holdings's revenue is expected to grow by 1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:EG7 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from FBD Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:EG7 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.04 1.16 0.97 3.00
2020-12-31 1.03 1.08 1.01 3.00
2019-12-31 1.06 1.17 0.98 3.00
BST:EG7 Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 1.22
2018-09-30 1.31
2018-06-30 1.40
2018-03-31 1.32
2017-12-31 1.23
2017-09-30 0.96
2017-06-30 0.70
2017-03-31 0.48
2016-12-31 0.26
2016-09-30 0.21
2016-06-30 0.15
2016-03-31 -1.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • FBD Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FBD Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FBD Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EG7 Past Performance

  How has FBD Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FBD Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FBD Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • FBD Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • FBD Holdings's 1-year earnings growth is negative, it can't be compared to the DE Insurance industry average.
Earnings and Revenue History
FBD Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FBD Holdings Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:EG7 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 349.11 42.38 84.22
2018-09-30 347.84 45.44 83.43
2018-06-30 346.56 48.50 82.65
2018-03-31 344.49 45.60 82.20
2017-12-31 342.43 42.70 81.75
2017-09-30 338.36 33.40 81.21
2017-06-30 334.30 24.10 80.67
2017-03-31 328.78 16.60 78.03
2016-12-31 323.26 9.11 75.40
2016-09-30 327.70 7.24 78.93
2016-06-30 332.15 5.37 82.46
2016-03-31 337.37 -34.77 87.38
2015-12-31 342.60 -74.92 92.31
2015-06-30 334.45 -92.78 0.35
2015-03-31 334.80 -48.54 0.17
2014-12-31 335.15 -4.30
2014-09-30 339.77 14.15 1.63
2014-06-30 344.39 31.33 3.26
2014-03-31 342.27 37.92 1.63
2013-12-31 340.15 44.50
2013-06-30 335.31 41.94 41.94
2013-03-31 337.17 43.13 20.97
2012-12-31 339.03 44.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • FBD Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FBD Holdings used its assets more efficiently than the DE Insurance industry average last year based on Return on Assets.
  • FBD Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess FBD Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FBD Holdings has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EG7 Health

 How is FBD Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up FBD Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FBD Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • FBD Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FBD Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FBD Holdings Company Filings, last reported 6 months ago.

BST:EG7 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 286.41 49.43 156.42
2018-09-30 286.41 49.43 156.42
2018-06-30 280.40 53.27 116.80
2018-03-31 280.40 53.27 116.80
2017-12-31 274.55 52.53 72.52
2017-09-30 274.55 52.53 72.52
2017-06-30 241.45 51.81 77.68
2017-03-31 241.45 51.81 77.68
2016-12-31 228.47 51.14 116.86
2016-09-30 228.47 51.14 116.86
2016-06-30 213.40 50.65 120.18
2016-03-31 213.40 50.65 120.18
2015-12-31 219.24 50.04 116.62
2015-06-30 180.77 0.00 171.90
2015-03-31 180.77 0.00 171.90
2014-12-31 274.02 0.00 142.62
2014-09-30 241.99 0.00 142.62
2014-06-30 268.42 0.00 167.53
2014-03-31 268.42 0.00 167.53
2013-12-31 280.60 0.00 231.82
2013-06-30 252.43 0.00 167.90
2013-03-31 252.43 0.00 167.90
2012-12-31 244.66 0.00 168.67
  • FBD Holdings's level of debt (17.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 17.3% today).
  • Debt is well covered by operating cash flow (66.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.5x coverage).
X
Financial health checks
We assess FBD Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FBD Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EG7 Dividends

 What is FBD Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.43%
Current annual income from FBD Holdings dividends. Estimated to be 6.06% next year.
If you bought €2,000 of FBD Holdings shares you are expected to receive €109 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FBD Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • FBD Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.9%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:EG7 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:EG7 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.60 3.00
2020-12-31 0.56 3.00
2019-12-31 0.52 3.00
BST:EG7 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.500 5.667
2019-02-27 0.500 5.482
2018-03-29 0.240 2.401
2018-02-27 0.240 1.922
2016-08-12 0.000 0.000
2016-03-31 0.000 0.000
2016-02-29 0.000 0.000
2015-08-24 0.000 0.000
2015-04-10 0.510 5.728
2015-03-02 0.510 4.966
2014-08-28 0.503 4.117
2014-03-28 0.490 3.088
2014-03-03 0.490 2.726
2013-08-27 0.458 2.792
2013-03-04 0.423 3.058
2012-03-29 0.345 3.715
2012-03-05 0.345 3.878
2011-08-24 0.323 4.800
2011-03-08 0.315 4.450
2011-03-07 0.315 4.118
2010-03-03 0.300 4.528
2009-12-31 0.300 4.785
2009-03-04 0.403 5.879
2008-08-27 0.823 8.873

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of FBD Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess FBD Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FBD Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FBD Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EG7 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Fiona Muldoon
COMPENSATION €933,000
AGE 51
TENURE AS CEO 4 years
CEO Bio

Ms. Fiona Muldoon has been Executive Director at FBD Holdings plc since January 19, 2015 and its Group Chief Executive Officer since October 7, 2015. Ms. Muldoon serves as Chief Executive Officer at FBD Insurance plc since August 2015. She served as Interim Chief Executive at FBD Holdings plc from July 31, 2015 to October 7, 2015 and also served as its Group Finance Director from January 19, 2015 to August 2015. Ms. Muldoon served as Director of Credit Institutions and Insurance Supervision at Central Bank of Ireland from August 2011 to July 2014, where she has prudential supervisory responsibility for Central Bank of Ireland regulated Insurance Companies, Banks and Credit Unions. She served as the Chief Financial Officer of Canada Life Assurance (Ireland) Limited since 2010. Ms. Muldoon served as Senior Vice President at XL Group plc, since September 2008 and its and Global Treasurer from September 2008 to July 2010. She also spent 17 years of her career with XL Group in Dublin, London and Bermuda, where she worked in senior financial and general management positions. As Global Treasurer, Ms. Muldoon was responsible for XL's Treasury operations, including global liquidity, funding, cash management, foreign exchange management, capital management, rating agency relationships and credit ratings management. Her responsibilities include assessing potential corporate development opportunities; coordinating the due diligence of corporate acquisitions, joint ventures and corporate partnerships and providing general financial advisory services to the executive management team, with respect to strategy, forecasting, planning and variance reporting activities. Ms. Muldoon has over twenty years of experience in the financial services industry. She served as Financial Planning Officer for XL since November 2003. Ms. Muldoon served as Senior Vice President of Corporate Strategy & Development and Planning Officer of XL Group plc. from March 20, 2007 to September 2008. She joined XL Europe Ltd in February 1993. Ms. Muldoon held various progressively senior leadership positions during her 14-year career with the XL, including Vice President and Controller of XL Europe Ltd., Chief Financial Officer and Secretary of XL Europe Ltd., Treasurer of European Operations and Managing Director of XL's operations in Dublin. Prior to XL Europe, she held accounting and auditing roles at Chase Bank Ireland and Deloitte & Touche, respectively. In 2003, Ms. Muldoon assumed the responsibility for defining and developing the process around XL's annual business and 3-year strategic plan. During that time, Ms. Muldoon has also improved the management performance-based analytics for the diverse operations. She has been an Independent Non-Executive Director at The Governor and Company of the Bank of Ireland since June 12, 2015. Ms. Muldoon has been Non-Executive Director of Bank of Ireland Group Plc since June 2015. She qualified as a Chartered Accountant with Touche Ross (now part of Deloitte). Ms. Muldoon has a BA in English and Philosophy from UCD and is a Fellow of the Institute of Chartered Accountants in Ireland.

CEO Compensation
  • Fiona's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Fiona's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the FBD Holdings management team in years:

2.3
Average Tenure
  • The tenure for the FBD Holdings management team is about average.
Management Team

Fiona Muldoon

TITLE
Group CEO & Executive Director
COMPENSATION
€933K
AGE
51
TENURE
4 yrs

John O'Grady

TITLE
Group CFO & Executive Director
COMPENSATION
€445K
AGE
57
TENURE
3 yrs

Enda Kyne

TITLE
Chief Technology & Operations Officer
TENURE
2.5 yrs

Jackie McMahon

TITLE
Chief Claims Officer
TENURE
0.8 yrs

John Cahalan

TITLE
Chief Commercial Officer
TENURE
2.2 yrs

Kate Tobin

TITLE
Chief Underwriting Officer
TENURE
0.8 yrs

David Kelly

TITLE
Senior Executive Mngr & Director of the Board of FBD Property & Leisure Ltd

Noel Skelton

TITLE
Senior Executive Manager & Director of FBD Insurance Brokers Limited

Enda O'Brien

TITLE
Senior Executive Manager and Director of FBD Property & Leisure Limited

Michael Sharpe

TITLE
Head of Investor Relations
Board of Directors Tenure

Average tenure and age of the FBD Holdings board of directors in years:

3
Average Tenure
61
Average Age
  • The tenure for the FBD Holdings board of directors is about average.
Board of Directors

Liam Herlihy

TITLE
Chairman of the Board
COMPENSATION
€119K
AGE
67
TENURE
2.2 yrs

Fiona Muldoon

TITLE
Group CEO & Executive Director
COMPENSATION
€933K
AGE
51
TENURE
4.5 yrs

John O'Grady

TITLE
Group CFO & Executive Director
COMPENSATION
€445K
AGE
57
TENURE
3 yrs

David Kelly

TITLE
Senior Executive Mngr & Director of the Board of FBD Property & Leisure Ltd

Walter Bogaerts

TITLE
Independent Non-Executive Director
COMPENSATION
€70K
AGE
61
TENURE
3.4 yrs

Noel Skelton

TITLE
Senior Executive Manager & Director of FBD Insurance Brokers Limited

Enda O'Brien

TITLE
Senior Executive Manager and Director of FBD Property & Leisure Limited

Padraig Walshe

TITLE
Non-Executive Director
COMPENSATION
€50K
AGE
61
TENURE
7.6 yrs

David O'Connor

TITLE
Independent Non-Executive Director
COMPENSATION
€60K
AGE
61
TENURE
3 yrs

Mary Brennan

TITLE
Independent Non-Executive Director
COMPENSATION
€58K
AGE
53
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess FBD Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FBD Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EG7 News

Simply Wall St News

EG7 Company Info

Description

FBD Holdings plc, through its subsidiaries, provides property and casualty insurance products to farmers, private individuals, and business owners in Ireland. The company operates in two segments, Underwriting and Financial Services. It offers car, home, travel, business, and farm insurance products. The company also provides general insurance underwriting, investment, pension and life brokerage, and employee services, as well as insurance services for motor, fire, liability, and other damage to property. It serves customers through a network of 34 branches. FBD Holdings plc was founded in 1969 and is headquartered in Dublin, Ireland.

Details
Name: FBD Holdings plc
EG7
Exchange: BST
Founded: 1969
€326,312,663
34,862,464
Website: http://www.fbdgroup.com
Address: FBD Holdings plc
FBD House,
Bluebell,
Dublin,
Co. Dublin, 12,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE EG7 Ordinary Shares Irish Stock Exchange IE EUR 02. Jan 1992
OTCPK FBDH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB EG7 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BST EG7 Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
LSE FBH Ordinary Shares London Stock Exchange GB EUR 02. Jan 1992
BATS-CHIXE EG7I Ordinary Shares BATS 'Chi-X Europe' GB EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
900
FBD Holdings employees.
Industry
Multi-line Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 00:37
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/17
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.