AIM:FEN

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

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

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


Market Performance


7 Day Return

0%

FEN

-1.4%

GB Capital Markets

-0.4%

GB Market


1 Year Return

29.5%

FEN

-0.1%

GB Capital Markets

-10.0%

GB Market

Return vs Industry: FEN exceeded the UK Capital Markets industry which returned -0.1% over the past year.

Return vs Market: FEN exceeded the UK Market which returned -10% over the past year.


Shareholder returns

FENIndustryMarket
7 Day0%-1.4%-0.4%
30 Day-9.5%7.4%13.7%
90 Day4.9%0.4%6.4%
1 Year33.3%29.5%3.3%-0.1%-6.4%-10.0%
3 Year-13.3%-21.1%25.0%10.3%1.6%-10.9%
5 Year-1.2%-13.6%66.5%36.7%27.5%-1.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

42.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FEN (£0.43) is trading above our estimate of fair value (£0.2)

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


Price To Earnings Ratio

PE vs Industry: FEN is poor value based on its PE Ratio (42.2x) compared to the GB Capital Markets industry average (19.3x).

PE vs Market: FEN is poor value based on its PE Ratio (42.2x) compared to the UK market (21.2x).


Price to Earnings Growth Ratio

PEG Ratio: FEN is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: FEN is overvalued based on its PB Ratio (2.5x) compared to the GB Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

43.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FEN's forecast earnings growth (43.1% per year) is above the savings rate (1.2%).

Earnings vs Market: FEN's earnings (43.1% per year) are forecast to grow faster than the UK market (27.2% per year).

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

Revenue vs Market: FEN's revenue (13.9% per year) is forecast to grow faster than the UK market (6.8% per year).

High Growth Revenue: FEN's revenue (13.9% 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 (9.9%).


Next Steps

Past Performance

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

-5.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEN has high quality earnings.

Growing Profit Margin: FEN's current net profit margins (7.9%) are lower than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: FEN's earnings have declined by 5.6% per year over the past 5 years.

Accelerating Growth: FEN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FEN had negative earnings growth (-24.4%) over the past year, making it difficult to compare to the Capital Markets industry average (1.8%).


Return on Equity

High ROE: FEN's Return on Equity (6.7%) is considered low.


Next Steps

Financial Health

How is Frenkel Topping Group's financial position?


Financial Position Analysis

Short Term Liabilities: FEN's short term assets (£4.9M) exceed its short term liabilities (£1.6M).

Long Term Liabilities: FEN's short term assets (£4.9M) exceed its long term liabilities (£279.0K).


Debt to Equity History and Analysis

Debt Level: FEN is debt free.

Reducing Debt: FEN has no debt compared to 5 years ago when its debt to equity ratio was 7.6%.

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


Next Steps

Dividend

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

3.14%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FEN's dividend (3.14%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).

High Dividend: FEN's dividend (3.14%) is low compared to the top 25% of dividend payers in the UK market (4.93%).


Stability and Growth of Payments

Stable Dividend: FEN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FEN's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (132.3%), FEN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FEN's dividends in 3 years are forecast to be covered by earnings (62% payout ratio).


Next Steps

Management

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

0.7yrs

Average board tenure


CEO

Richard Fraser

no data

Tenure

UK£235,187

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 ($USD313.47K) is about average for companies of similar size in the UK market ($USD345.39K).

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


Board Members

NamePositionTenureCompensationOwnership
Richard Fraser
CEO & Directorno dataUK£235.19k2.03%
£ 886.9k
Mark Holt
MD & Director4.17yrsUK£219.59k0.33%
£ 141.8k
Elaine Cullen-Grant
Secretary0.67yrno data0.12%
£ 51.6k
Christopher Mills
Non-Executive Director0.50yrno datano data
Timothy James Linacre
Non-Executive & Independent Chairman0.42yrUK£25.00k0.030%
£ 12.9k

0.7yrs

Average Tenure

62yo

Average Age

Experienced Board: FEN's board of directors are not considered experienced ( 0.7 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 47.2%.


Top Shareholders

Company Information

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


Key Information

  • Name: Frenkel Topping Group Plc
  • Ticker: FEN
  • Exchange: AIM
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: UK£43.604m
  • Shares outstanding: 101.40m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FENAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2004

Biography

Frenkel Topping Group Plc, together with its subsidiaries, provides independent financial advisory and wealth management services for clients in the United Kingdom. The company was incorporated in 2003 and...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 19:42
End of Day Share Price2020/11/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.