AIM:FJET

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Executive Summary

fastjet Plc provides passenger airline services in Africa.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FJET's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-16.7%

FJET

2.6%

GB Airlines

1.3%

GB Market


1 Year Return

-89.2%

FJET

-35.7%

GB Airlines

-15.0%

GB Market

Return vs Industry: FJET underperformed the UK Airlines industry which returned -38.9% over the past year.

Return vs Market: FJET underperformed the UK Market which returned -16.2% over the past year.


Shareholder returns

FJETIndustryMarket
7 Day-16.7%2.6%1.3%
30 Day52.4%-6.8%-0.3%
90 Day28.0%35.5%18.1%
1 Year-89.2%-89.2%-34.5%-35.7%-11.0%-15.0%
3 Year-99.2%-99.2%-40.8%-47.5%-2.2%-14.2%
5 Year-99.8%-99.8%-27.4%-40.0%18.2%-8.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

1.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FJET's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FJET's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FJET is unprofitable, so we can't compare its PE Ratio to the Airlines industry average.

PE vs Market: FJET is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FJET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FJET is overvalued based on its PB Ratio (1.3x) compared to the GB Airlines industry average (1.2x).


Next Steps

Future Growth

How is fastjet forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

62.8%

Forecasted Transportation 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 fastjet 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.


Next Steps

Past Performance

How has fastjet performed over the past 5 years?

-660.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FJET is currently unprofitable.

Growing Profit Margin: FJET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FJET's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare FJET's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FJET is unprofitable, making it difficult to compare its past year earnings growth to the Airlines industry (-17%).


Return on Equity

High ROE: FJET has a negative Return on Equity (-889.64%), as it is currently unprofitable.


Next Steps

Financial Health

How is fastjet's financial position?


Financial Position Analysis

Short Term Liabilities: FJET's short term assets ($7.3M) do not cover its short term liabilities ($15.2M).

Long Term Liabilities: FJET's short term assets ($7.3M) do not cover its long term liabilities ($7.9M).


Debt to Equity History and Analysis

Debt Level: FJET's debt to equity ratio (81.9%) is considered high.

Reducing Debt: FJET had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if FJET has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if FJET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is fastjet current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FJET'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 FJET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FJET'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 FJET'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?

2.6yrs

Average board tenure


CEO

Mark Hurst (46yo)

1.5yrs

Tenure

Mr. Mark Ryan Hurst serves as Chief Executive Officer of Solenta Aviation. Mr. Hurst has been Interim Chief Executive Officer at Fastjet Plc since 2019 and was its Deputy Group Chief Executive Officer sinc ...


Board Members

NamePositionTenureCompensationOwnership
Mark Hurst
Interim CEO & Executive Director1.5yrsno datano data
Kris Jaganah
CFO & Director1.25yrsno datano data
Robert Burnham
Independent Non-Executive Director14.17yrsUS$79.00k0.000040% $2.4
Rashid Wally
Independent Non-Executive Chairman3.25yrsUS$73.00kno data

2.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: FJET's board of directors are not considered experienced ( 2.6 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.


Ownership Breakdown

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


Top Shareholders

Company Information

fastjet Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: fastjet Plc
  • Ticker: FJET
  • Exchange: AIM
  • Founded: 2006
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: UK£6.047m
  • Shares outstanding: 3.78b
  • Website: https://www.fastjet.com

Number of Employees


Location

  • fastjet Plc
  • 60 Gracechurch Street
  • 6th Floor
  • London
  • Greater London
  • EC3V 0HR
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FJETAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJul 2012
FSJP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2012

Biography

fastjet Plc provides passenger airline services in Africa. The company was formerly known as Rubicon Diversified Investments Plc and changed its name to fastjet Plc in August 2012. fastjet Plc was incorporated in 2006 and is headquartered in London, the United Kingdom. fastjet Plc is a subsidiary of Solenta Aviation Holdings Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/02 21:08
End of Day Share Price2020/07/02 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.