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FEN

Frenkel Topping Group AIM:FEN Stock Report

Last Price

UK£0.69

Market Cap

UK£77.6m

7D

4.6%

1Y

1.5%

Updated

12 Aug, 2022

Data

Company Financials +
FEN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth4/6
Past Performance4/6
Financial Health6/6
Dividends3/6

FEN Stock Overview

Frenkel Topping Group Plc, together with its subsidiaries, provides independent financial advisory and wealth management services in the United Kingdom.

Frenkel Topping Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Frenkel Topping Group
Historical stock prices
Current Share PriceUK£0.69
52 Week HighUK£0.85
52 Week LowUK£0.62
Beta0.70
1 Month Change-5.52%
3 Month Change-10.46%
1 Year Change1.48%
3 Year Change101.47%
5 Year Change28.25%
Change since IPO41.24%

Recent News & Updates

Shareholder Returns

FENGB Capital MarketsGB Market
7D4.6%1.5%0.7%
1Y1.5%-13.5%-7.8%

Return vs Industry: FEN exceeded the UK Capital Markets industry which returned -13.4% over the past year.

Return vs Market: FEN exceeded the UK Market which returned -9.1% over the past year.

Price Volatility

Is FEN's price volatile compared to industry and market?
FEN volatility
FEN Average Weekly Movement2.8%
Capital Markets Industry Average Movement4.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

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

Volatility Over Time: FEN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979206Richard Fraserhttps://www.frenkeltopping.co.uk

Frenkel Topping Group Plc, together with its subsidiaries, provides independent financial advisory and wealth management services in the United Kingdom. It also offers forensic accounting, cost consulting and management, legal, and post settlement services, as well as witness reports, and care and case management services to legal firms and their clients. The company was founded in 1979 and is based in Manchester, the United Kingdom.

Frenkel Topping Group Fundamentals Summary

How do Frenkel Topping Group's earnings and revenue compare to its market cap?
FEN fundamental statistics
Market CapUK£77.58m
Earnings (TTM)UK£2.34m
Revenue (TTM)UK£18.37m

33.2x

P/E Ratio

4.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FEN income statement (TTM)
RevenueUK£18.37m
Cost of RevenueUK£9.35m
Gross ProfitUK£9.02m
Other ExpensesUK£6.68m
EarningsUK£2.34m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.021
Gross Margin49.10%
Net Profit Margin12.72%
Debt/Equity Ratio0%

How did FEN perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

61%

Payout Ratio

Does FEN pay a reliable dividends?

See FEN dividend history and benchmarks
When do you need to buy FEN by to receive an upcoming dividend?
Frenkel Topping Group dividend dates
Ex Dividend DateOct 06 2022
Dividend Pay DateOct 21 2022
Days until Ex dividend53 days
Days until Dividend pay date68 days

Does FEN pay a reliable dividends?

See FEN dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is FEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FEN?

Other financial metrics that can be useful for relative valuation.

FEN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.8x
Enterprise Value/EBITDA17.5x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does FEN's PE Ratio compare to its peers?

FEN PE Ratio vs Peers
The above table shows the PE ratio for FEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.1x
LIV Livermore Investments Group
4.4xn/aUK£89.7m
LSAA Life Settlement Assets
4.8xn/aUS$69.8m
MERC Mercia Asset Management
5.1x-109.7%UK£133.1m
RMII RM Infrastructure Income
18.1xn/aUK£104.9m
FEN Frenkel Topping Group
33.2x27.9%UK£77.6m

Price-To-Earnings vs Peers: FEN is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the peer average (8.1x).


Price to Earnings Ratio vs Industry

How does FEN's PE Ratio compare vs other companies in the GB Capital Markets Industry?

Price-To-Earnings vs Industry: FEN is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the UK Capital Markets industry average (10.4x)


Price to Earnings Ratio vs Fair Ratio

What is FEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.2x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: FEN is expensive based on its Price-To-Earnings Ratio (33.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).


Share Price vs Fair Value

What is the Fair Price of FEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FEN (£0.69) is trading above our estimate of fair value (£0.29)

Significantly Below Fair Value: FEN is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEN's forecast earnings growth (27.9% per year) is above the savings rate (0.9%).

Earnings vs Market: FEN's earnings (27.9% per year) are forecast to grow faster than the UK market (9.4% per year).

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

Revenue vs Market: FEN's revenue (13% per year) is forecast to grow faster than the UK market (4.2% per year).

High Growth Revenue: FEN's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FEN's Return on Equity is forecast to be low in 3 years time (12.4%).


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Past Performance

How has Frenkel Topping Group performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


10.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FEN has a large one-off loss of £830.5K impacting its December 31 2021 financial results.

Growing Profit Margin: FEN's current net profit margins (12.7%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: FEN's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: FEN's earnings growth over the past year (122.3%) exceeds its 5-year average (10.5% per year).

Earnings vs Industry: FEN earnings growth over the past year (122.3%) exceeded the Capital Markets industry 15.5%.


Return on Equity

High ROE: FEN's Return on Equity (8.4%) is considered low.


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Financial Health

How is Frenkel Topping Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FEN's short term assets (£19.0M) exceed its short term liabilities (£5.9M).

Long Term Liabilities: FEN's short term assets (£19.0M) exceed its long term liabilities (£2.4M).


Debt to Equity History and Analysis

Debt Level: FEN is debt free.

Reducing Debt: FEN had no debt 5 years ago.

Debt Coverage: FEN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FEN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Frenkel Topping Group current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.99%

Current Dividend Yield

Upcoming Dividend Payment

TodayAug 13 2022Ex Dividend DateOct 06 2022Dividend Pay DateOct 21 202215 days from Ex DividendBuy in the next 53 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: FEN's dividend (1.99%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: FEN's dividend (1.99%) is low compared to the top 25% of dividend payers in the UK market (5.13%).


Stability and Growth of Payments

Stable Dividend: FEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: FEN's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (61%), FEN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (240.7%), FEN's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average board tenure


CEO

Richard Fraser

no data

Tenure

UK£301,473

Compensation

Mr. Richard C. Fraser has been Chief Executive Officer of Frenkel Topping Group Plc since 2001. Mr. Fraser has been Managing Director of Frenkel Topping Limited since December 2001. Mr. Fraser served as Se...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD365.47K) is about average for companies of similar size in the UK market ($USD341.38K).

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


Board Members

Experienced Board: FEN's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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 been diluted in the past year, with total shares outstanding growing by 8.4%.


Top Shareholders

Company Information

Frenkel Topping Group Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Frenkel Topping Group Plc
  • Ticker: FEN
  • Exchange: AIM
  • Founded: 1979
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£77.577m
  • Shares outstanding: 113.25m
  • Website: https://www.frenkeltopping.co.uk

Number of Employees


Location

  • Frenkel Topping Group Plc
  • Frenkel House
  • 15 Carolina Way
  • Manchester
  • Greater Manchester
  • M50 2ZY
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/12 00:00
End of Day Share Price2022/08/12 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.