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.
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: 22F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 22F underperformed the German Electronic industry which returned -28.3% over the past year.
Return vs Market: 22F underperformed the German Market which returned -20.9% over the past year.
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
No news available
Is Firan Technology Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 22F (€1.17) is trading below our estimate of fair value (€5.68)
Significantly Below Fair Value: 22F is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 22F is good value based on its PE Ratio (7.5x) compared to the Electronic industry average (18.7x).
PE vs Market: 22F is good value based on its PE Ratio (7.5x) compared to the German market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: 22F is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: 22F is good value based on its PB Ratio (1x) compared to the DE Electronic industry average (1.2x).
How is Firan Technology Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 22F's forecast earnings growth (9.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: 22F's earnings (9.1% per year) are forecast to grow slower than the German market (14.1% per year).
High Growth Earnings: 22F's earnings are forecast to grow, but not significantly.
Revenue vs Market: 22F's revenue (3.2% per year) is forecast to grow slower than the German market (3.9% per year).
High Growth Revenue: 22F's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 22F's Return on Equity is forecast to be low in 3 years time (13.6%).
How has Firan Technology Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 22F has high quality earnings.
Growing Profit Margin: 22F's current net profit margins (5.4%) are higher than last year (2.6%).
Past Earnings Growth Analysis
Earnings Trend: 22F's earnings have declined by -6.7% per year over the past 5 years.
Accelerating Growth: 22F's earnings growth over the past year (110.7%) exceeds its 5-year average (-6.7% per year).
Earnings vs Industry: 22F earnings growth over the past year (110.7%) exceeded the Electronic industry -7.4%.
Return on Equity
High ROE: 22F's Return on Equity (12.5%) is considered low.
How is Firan Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: 22F's short term assets (CA$52.9M) exceed its short term liabilities (CA$24.3M).
Long Term Liabilities: 22F's short term assets (CA$52.9M) exceed its long term liabilities (CA$1.3M).
Debt to Equity History and Analysis
Debt Level: 22F's debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: 22F's debt to equity ratio has reduced from 37.7% to 11.5% over the past 5 years.
Debt Coverage: 22F's debt is well covered by operating cash flow (216.3%).
Interest Coverage: 22F's interest payments on its debt are well covered by EBIT (37.8x coverage).
Inventory Level: 22F has a high level of physical assets or inventory.
Debt Coverage by Assets: 22F's debt is covered by short term assets (assets are 9.6x debt).
What is Firan Technology Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 22F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 22F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 22F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 22F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 22F's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Brad Bourne (60yo)
Mr. Bradley C. Bourne, also known as Brad, has been the Chief Executive Officer of Firan Technology Group Corporation (formerly Circuit World Corporation) since January 09, 2004 and has been its President ...
CEO Compensation Analysis
Compensation vs Market: Brad's total compensation ($USD311.18K) is about average for companies of similar size in the German market ($USD434.26K).
Compensation vs Earnings: Brad's compensation has been consistent with company performance over the past year.
|VP of Engineering & CTO||11yrs||CA$244.79k||no data|
|CFO, VP & Corporate Secretary||0.58yr||no data||0.026% CA$7.8k|
|President of FTG Aerospace Tianjin Inc.||2yrs||no data||no data|
Experienced Management: 22F's management team is seasoned and experienced (6.5 years average tenure).
|Independent Director||16yrs||CA$26.00k||0.17% CA$50.4k|
|Independent Chairman of the Board||16.83yrs||CA$26.00k||0.17% CA$50.4k|
|Independent Chairman||5yrs||CA$31.00k||0.055% CA$16.3k|
|Independent Director||3.75yrs||CA$22.50k||0.44% CA$131.8k|
Experienced Board: 22F's board of directors are seasoned and experienced ( 16 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Firan Technology Group Corporation's company bio, employee growth, exchange listings and data sources
- Name: Firan Technology Group Corporation
- Ticker: 22F
- Exchange: BST
- Founded: 1983
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: CA$45.660m
- Listing Market Cap: CA$29.946m
- Shares outstanding: 22.72m
- Website: https://www.ftgcorp.com
Number of Employees
- Firan Technology Group Corporation
- 250 Finchdene Square
- M1X 1A5
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FTG||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Aug 2002|
|FTGF.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Aug 2002|
|22F||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Aug 2002|
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 Circuits segment provides microvia technologies; buried capacitance, and blind and buried vias; multilayer boards; conducive filled vias; custom millings; cavity boards; metal core constructions; multiple sequential laminations; tented, filled, and flushed plugged vias; differential and controlled impedance products; and embedded filters and inductors, as well as mixed dielectric boards and back planes. It also provides design assistance and 3D modelling, controlled depth drilling, buried resistor layer, performance testing, and back drilling services, as well as engineering services for avionic, military, telecom, medical, advanced test and measurement, contract manufacturer, and power applications. The Aerospace segment provides panels, bezels, keyboards, caution warning annunciators, electro luminescent lamps, lighting power supplies, and electro mechanical subassemblies; and lighting technologies that are used in commercial aerospace and military applications. The company was formerly known as Circuit World Corporation and changed its name to Firan Technology Group Corporation in May 2004. Firan Technology Group Corporation was founded in 1983 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 01:58|
|End of Day Share Price||2020/04/03 00:00|
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.