BUSE:FORRAS/OE

Stock Analysis Report

Executive Summary

Forras Rt. is a Hungary-based asset management firm.

Snowflake

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.8%

FORRAS/OE

0.3%

HU Capital Markets

2.8%

HU Market


1 Year Return

39.0%

FORRAS/OE

1.8%

HU Capital Markets

13.3%

HU Market

Return vs Industry: FORRAS/OE exceeded the Hungarian Capital Markets industry which returned 1.8% over the past year.

Return vs Market: FORRAS/OE exceeded the Hungarian Market which returned 13.3% over the past year.


Shareholder returns

FORRAS/OEIndustryMarket
7 Day-5.8%0.3%2.8%
30 Day-12.0%-1.0%1.9%
90 Day51.3%2.5%2.0%
1 Year44.0%39.0%6.1%1.8%16.5%13.3%
3 Year86.9%64.0%21.5%7.1%53.9%41.3%
5 Year136.1%85.8%6.1%-13.8%170.1%136.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

6.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FORRAS/OE (HUF1460) is trading above our estimate of fair value (HUF91.59)

Significantly Below Fair Value: FORRAS/OE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FORRAS/OE is good value based on its PE Ratio (6.5x) compared to the Capital Markets industry average (20.9x).

PE vs Market: FORRAS/OE is good value based on its PE Ratio (6.5x) compared to the Hungarian market (14.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FORRAS/OE is good value based on its PB Ratio (0.3x) compared to the XE Capital Markets industry average (1.3x).

Future Growth

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

17.9%

Forecasted Diversified Financials 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 Forrás nyRt 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.

Past Performance

How has Forrás nyRt performed over the past 5 years?

25.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FORRAS/OE's earnings have grown significantly by 25.1% per year over the past 5 years.

Accelerating Growth: FORRAS/OE's earnings growth over the past year (93.8%) exceeds its 5-year average (25.1% per year).

Earnings vs Industry: FORRAS/OE earnings growth over the past year (93.8%) exceeded the Capital Markets industry -1.7%.


Return on Equity

High ROE: FORRAS/OE's Return on Equity (7.4%) is considered low.


Return on Assets

ROA vs Industry: FORRAS/OE has a higher Return on Assets than the Capital Markets industry average last year.


Return on Capital Employed

ROCE Improving: FORRAS/OE's Return on Capital Employed has declined over the past 3 years.

Financial Health

How is Forrás nyRt's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FORRAS/OE has a low level of unsold assets or inventory.

Debt Coverage by Assets: FORRAS/OE's debt is covered by short term assets (assets are 25.001270x debt).


Financial Institutions Analysis

Asset Level: FORRAS/OE's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FORRAS/OE has a sufficient allowance for bad loans.

Low Risk Liabilities: FORRAS/OE reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FORRAS/OE has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FORRAS/OE has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FORRAS/OE has an appropriate level of bad loans.

Dividend

What is Forrás nyRt's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.1%markettop25%5.6%industryaverage3.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if FORRAS/OE'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 FORRAS/OE's dividend in 3 years as they are not forecast to pay a notable one for the Hungarian market.

Management

What is the CEO of Forrás nyRt's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average board tenure


CEO

Hidasi Emese 0

10.5yrs

Tenure

0

Dr. Hidasi Emese serves as the Chairman and CEO of Forrás Rt. 


Board Age and Tenure

3.3yrs

Average Tenure

Experienced Board: FORRAS/OE's board of directors are considered experienced (3.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Nóra Felföldi

    Member of Supervisory Board

    • Tenure: 0yrs
  • Hidasi Emese

    Chairman & CEO

    • Tenure: 10.5yrs

Board Members

  • János Gránicz

    Chairman of Supervisory Board

    • Tenure: 0yrs
  • Veronika Kiss

    Member of Supervisory Board

    • Tenure: 13.2yrs
  • Ágnes Sasinszki

    Director

    • Tenure: 1.2yrs
  • Nóra Felföldi

    Member of Supervisory Board

    • Tenure: 0yrs
  • Hidasi Emese

    Chairman & CEO

    • Tenure: 10.5yrs
  • Júlia Szollosi

    Member of Supervisory Board

    • Tenure: 0yrs
  • Leisztinger Tamás

    Director

    • Tenure: 3.3yrs
  • K iss-Forgács Éva Mária

    Member of the Supervisory Board

    • Tenure: 7.5yrs
  • Török Hajnalka

    Director

    • Tenure: 3.3yrs

Company Information

Forrás nyRt.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Forrás nyRt.
  • Ticker: FORRAS/OE
  • Exchange: BUSE
  • Founded:
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: Ft7.500b
  • Shares outstanding: 5.00m
  • Website: https://www.forras.hu

Location

  • Forrás nyRt.
  • Bartók Béla út 152
  • Budapest
  • 1113
  • Hungary

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FORRAS/TBUSE (Budapest Stock Exchange)YesClass A Ordinary SharesHUHUFOct 2003
FORRAS/OEBUSE (Budapest Stock Exchange)PFD ORD HUF1000 B SERIESHUHUFJul 2005

Biography

Forras Rt. is a Hungary-based asset management firm. The firm was founded in 1997 and is based in Budapest, Hungary. Forrás Rt. operates as a subsidiary of Arago Befektetési Holding Zrt. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:47
End of Day Share Price2019/10/22 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.