First Property Group plc is a real estate investment firm. More Details
Flawless balance sheet established dividend payer.
Share Price & News
How has First Property Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FPO is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FPO's weekly volatility (5%) has been stable over the past year.
7 Day Return
GB Real Estate
1 Year Return
GB Real Estate
Return vs Industry: FPO underperformed the UK Real Estate industry which returned -13.6% over the past year.
Return vs Market: FPO underperformed the UK Market which returned -10% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is First Property Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StFirst Property Group (LON:FPO) Has A Somewhat Strained Balance Sheet
1 day ago | Simply Wall StInterested In First Property Group's (LON:FPO) Upcoming UK£0.0045 Dividend? You Have Three Days Left
2 weeks ago | Simply Wall StA Quick Analysis On First Property Group's (LON:FPO) CEO Salary
Is First Property 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: FPO (£0.37) is trading below our estimate of fair value (£13.87)
Significantly Below Fair Value: FPO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FPO is good value based on its PE Ratio (13.4x) compared to the GB Real Estate industry average (14.4x).
PE vs Market: FPO is good value based on its PE Ratio (13.4x) compared to the UK market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FPO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FPO's PB Ratio (0.9x) is in line with the GB Real Estate industry average.
How is First Property Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted Real Estate industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Property Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine whether First Property Group is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- First Property Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
How has First Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FPO has a large one-off gain of £868.0K impacting its September 30 2020 financial results.
Growing Profit Margin: FPO's current net profit margins (20.8%) are lower than last year (34.2%).
Past Earnings Growth Analysis
Earnings Trend: FPO's earnings have declined by 6.2% per year over the past 5 years.
Accelerating Growth: FPO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FPO had negative earnings growth (-49.1%) over the past year, making it difficult to compare to the Real Estate industry average (-25.4%).
Return on Equity
High ROE: FPO's Return on Equity (6.5%) is considered low.
How is First Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: FPO's short term assets (£39.5M) exceed its short term liabilities (£31.3M).
Long Term Liabilities: FPO's short term assets (£39.5M) exceed its long term liabilities (£18.9M).
Debt to Equity History and Analysis
Debt Level: FPO's debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: FPO's debt to equity ratio has reduced from 195.7% to 35% over the past 5 years.
Debt Coverage: FPO's debt is well covered by operating cash flow (260.9%).
Interest Coverage: FPO's interest payments on its debt are well covered by EBIT (4.3x coverage).
What is First Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: FPO's dividend (4.58%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).
High Dividend: FPO's dividend (4.58%) is low compared to the top 25% of dividend payers in the UK market (4.93%).
Stability and Growth of Payments
Stable Dividend: FPO's dividends per share have been stable in the past 10 years.
Growing Dividend: FPO's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.2%), FPO's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FPO's dividends in 3 years are forecast to be covered by earnings (87.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Benyamin N. Habib, also known as Ben, MA (Cantab) founded First Property Group PLC in 2000 and has been its Chief Executive Officer since 2000. He served as Chief Investment Officer of First Property G...
CEO Compensation Analysis
Compensation vs Market: Ben's total compensation ($USD1.60M) is above average for companies of similar size in the UK market ($USD345.39K).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
|Group CEO & Director||20.83yrs||UK£1.20m||13.53% |
|Interim Group Finance Director||0.33yr||no data||no data|
|Chief Technical Officer||3.83yrs||no data||no data|
|Director of Fund Operations||1.33yrs||no data||no data|
|Head of Sales & Marketing||no data||no data||no data|
|Director of Business Development||no data||no data||1.14% |
|Associate Fund Manager of First Property Asset Management Limited||no data||no data||no data|
Experienced Management: FPO's management team is considered experienced (2.6 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.
First Property Group plc's company bio, employee growth, exchange listings and data sources
- Name: First Property Group plc
- Ticker: FPO
- Exchange: AIM
- Industry: Diversified Real Estate Activities
- Sector: Real Estate
- Market Cap: UK£40.290m
- Shares outstanding: 110.38m
- Website: https://www.fprop.com
Number of Employees
- First Property Group plc
- 32 St James’s Street
- Greater London
- SW1A 1HD
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FPO||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Feb 1995|
First Property Group plc is a real estate investment firm. It provides fund management, financial, and technical services to the property industry in the United Kingdom and other European countries. The fi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/29 20:24|
|End of Day Share Price||2020/11/27 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.