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Market Cap

€238.4m

Last Updated

2021/03/28 17:44 UTC

Data Sources

Company Financials +

Executive Summary

FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has FBD Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine EG7I's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine EG7I's volatility change over the past year.


Market Performance


7 Day Return

0%

EG7I

1.2%

GB Insurance

2.4%

GB Market


1 Year Return

6.1%

EG7I

38.6%

GB Insurance

24.0%

GB Market

Return vs Industry: EG7I underperformed the UK Insurance industry which returned 36% over the past year.

Return vs Market: EG7I underperformed the UK Market which returned 28.5% over the past year.


Shareholder returns

EG7IIndustryMarket
7 Day0%1.2%2.4%
30 Day0%2.6%3.2%
90 Dayn/a6.4%2.1%
1 Year6.1%6.1%44.8%38.6%29.9%24.0%
3 Year-37.6%-42.2%8.0%-10.7%14.9%1.2%
5 Year25.7%16.5%41.8%5.8%42.4%15.4%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FBD Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: EG7I (€7.34) is trading below our estimate of fair value (€27.48)

Significantly Below Fair Value: EG7I is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: EG7I is poor value based on its PE Ratio (54.2x) compared to the GB Insurance industry average (14.8x).

PE vs Market: EG7I is poor value based on its PE Ratio (54.2x) compared to the UK market (24.6x).


Price to Earnings Growth Ratio

PEG Ratio: EG7I is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: EG7I is good value based on its PB Ratio (0.6x) compared to the GB Insurance industry average (1.4x).


Future Growth

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

45.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EG7I's forecast earnings growth (45.6% per year) is above the savings rate (1%).

Earnings vs Market: EG7I's earnings (45.6% per year) are forecast to grow faster than the UK market (21.4% per year).

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

Revenue vs Market: EG7I's revenue (0.7% per year) is forecast to grow slower than the UK market (6.5% per year).

High Growth Revenue: EG7I's revenue (0.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EG7I's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has FBD Holdings performed over the past 5 years?

40.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EG7I has a large one-off loss of €2.3M impacting its December 31 2020 financial results.

Growing Profit Margin: EG7I's current net profit margins (1.3%) are lower than last year (26.8%).


Past Earnings Growth Analysis

Earnings Trend: EG7I has become profitable over the past 5 years, growing earnings by 40.8% per year.

Accelerating Growth: EG7I's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EG7I had negative earnings growth (-95.5%) over the past year, making it difficult to compare to the Insurance industry average (-13%).


Return on Equity

High ROE: EG7I's Return on Equity (1.1%) is considered low.


Financial Health

How is FBD Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: EG7I's short term assets (€443.2M) do not cover its short term liabilities (€1.0B).

Long Term Liabilities: EG7I's short term assets (€443.2M) exceed its long term liabilities (€59.8M).


Debt to Equity History and Analysis

Debt Level: EG7I's debt to equity ratio (12.8%) is considered satisfactory.

Reducing Debt: EG7I's debt to equity ratio has reduced from 22.8% to 12.8% over the past 5 years.

Debt Coverage: EG7I's debt is well covered by operating cash flow (159.7%).

Interest Coverage: EG7I's interest payments on its debt are well covered by EBIT (3.8x coverage).


Balance Sheet


Dividend

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

6.72%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate EG7I's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate EG7I's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if EG7I's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if EG7I's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: EG7I is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of EG7I's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Tomas O'Midheach (50 yo)

0.17

Tenure

Mr. Tomas O'Midheach, BComm, MBS, FCCA, has been Chief Executive Officer and Executive Director of FBD Holdings Plc and FBD Insurance plc since January 4, 2021. Mr. O'Midheach has been the Chief Operating ...


Leadership Team

Experienced Management: EG7I's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: EG7I's board of directors are considered experienced (3.8 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FBD Holdings plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FBD Holdings plc
  • Ticker: EG7I
  • Exchange: BATS-CHIXE
  • Founded: 1969
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €238.357m
  • Shares outstanding: 35.05m
  • Website: https://www.fbdgroup.com

Number of Employees


Location

  • FBD Holdings plc
  • FBD House
  • Bluebell
  • Dublin
  • Co. Dublin
  • 12
  • Ireland

Listings


Biography

FBD Holdings plc, through its subsidiaries, engages in the underwriting of general insurance to farmers, private individuals, and business owners in Ireland. The company operates in two segments, Underwrit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/28 17:44
End of Day Share Price2020/12/29 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.