Fiem Industries (NSEI:FIEMIND) - Share price, News & Analysis

Q: What is the Fair Price of FIEMIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FIEMIND (₹1331.35) is trading above our estimate of [[fair value]] (₹190.9)

FIEMIND fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	4/6

FIEMIND Stock Overview

Fiem Industries Limited manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, and sheet metal and plastic parts in India and internationally.

Rewards

Price-To-Earnings ratio (18.6x) is below the Indian market (20.5x)

Earnings grew by 101.7% over the past year

Risk Analysis

Unstable dividend track record

Fiem Industries Competitors

Federal-Mogul Goetze (India)

BSE:505744

₹15.7b

Shriram Pistons & Rings

NSEI:SHRIPISTON

₹15.6b

Gabriel India

BSE:505714

₹18.9b

Pricol

BSE:540293

₹15.3b

Price History & Performance

Summary of all time highs, changes and price drops for Fiem Industries
Historical stock prices
Current Share Price	₹1,331.35
52 Week High	₹1,377.60
52 Week Low	₹695.05
Beta	1.14
1 Month Change	37.62%
3 Month Change	47.90%
1 Year Change	78.87%
3 Year Change	205.32%
5 Year Change	44.40%
Change since IPO	995.31%

Recent News & Updates

Jun 02

Investors Met With Slowing Returns on Capital At Fiem Industries (NSE:FIEMIND)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? One common approach...

Shareholder Returns

	FIEMIND	IN Auto Components	IN Market
7D	22.4%	7.7%	3.0%
1Y	78.9%	-5.8%	0.3%

Return vs Industry: FIEMIND exceeded the Indian Auto Components industry which returned -5.5% over the past year.

Return vs Market: FIEMIND exceeded the Indian Market which returned 0.6% over the past year.

Price Volatility

Is FIEMIND's price volatile compared to industry and market?
FIEMIND volatility
FIEMIND Average Weekly Movement	7.5%
Auto Components Industry Average Movement	6.1%
Market Average Movement	7.0%
10% most volatile stocks in IN Market	9.9%
10% least volatile stocks in IN Market	4.5%

Stable Share Price: FIEMIND is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FIEMIND's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1989	2,210	Jagjeevan Jain	https://fiemindustries.com

Fiem Industries Limited manufactures and supplies automotive lighting and signaling equipment, rear view mirrors, and sheet metal and plastic parts in India and internationally. It operates in two segments, Automotive and Others. The company offers head, tail, blinker, and fog lamps; rear fender assemblies; and LED display panels.

Fiem Industries Fundamentals Summary

How do Fiem Industries's earnings and revenue compare to its market cap?
FIEMIND fundamental statistics
Market Cap	₹17.52b
Earnings (TTM)	₹941.61m
Revenue (TTM)	₹15.58b

18.6x

P/E Ratio

1.1x

P/S Ratio

Is FIEMIND overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIEMIND income statement (TTM)
Revenue	₹15.58b
Cost of Revenue	₹9.86b
Gross Profit	₹5.72b
Other Expenses	₹4.77b
Earnings	₹941.61m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	71.55
Gross Margin	36.70%
Net Profit Margin	6.04%
Debt/Equity Ratio	3.3%

How did FIEMIND perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

28%

Payout Ratio

Does FIEMIND pay a reliable dividends?

See FIEMIND dividend history and benchmarks

When do you need to buy FIEMIND by to receive an upcoming dividend?
Fiem Industries dividend dates
Ex Dividend Date	Aug 12 2022
Dividend Pay Date	Sep 23 2022
Days until Ex dividend	43 days
Days until Dividend pay date	85 days

Does FIEMIND pay a reliable dividends?

See FIEMIND dividend history and benchmarks

We’ve recently updated our valuation analysis.

Valuation

Is FIEMIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FIEMIND?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for FIEMIND. This is calculated by dividing FIEMIND's market cap by their current preferred multiple.
What is FIEMIND's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₹17.52b

FIEMIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.1x
Enterprise Value/EBITDA	8.5x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does FIEMIND's PE Ratio compare to its peers?

FIEMIND PE Ratio vs Peers

The above table shows the PE ratio for FIEMIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	21.9x
505744 Federal-Mogul Goetze (India)	29.1x	n/a	₹15.7b
SHRIPISTON Shriram Pistons & Rings	9.6x	n/a	₹15.6b
505714 Gabriel India	21.1x	n/a	₹18.9b
540293 Pricol	27.8x	n/a	₹15.3b
FIEMIND Fiem Industries	18.6x	n/a	₹17.5b

Forward PE

Price-To-Earnings vs Peers: FIEMIND is good value based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does FIEMIND's PE Ratio compare vs other companies in the IN Auto Components Industry?

Price-To-Earnings vs Industry: FIEMIND is good value based on its Price-To-Earnings Ratio (18.6x) compared to the Indian Auto Components industry average (22.1x)

Price to Earnings Ratio vs Fair Ratio

What is FIEMIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FIEMIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FIEMIND's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of FIEMIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FIEMIND (₹1331.35) is trading above our estimate of fair value (₹190.9)

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

Price to Earnings Growth Ratio

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

Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

29.6%

Forecasted Automobiles 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 Fiem Industries 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.

Discover growth companies

Check out Fiem Industries's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Fiem Industries competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Fiem Industries performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

14.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FIEMIND has high quality earnings.

Growing Profit Margin: FIEMIND's current net profit margins (6%) are higher than last year (3.9%).

Past Earnings Growth Analysis

Earnings Trend: FIEMIND's earnings have grown by 14.5% per year over the past 5 years.

Accelerating Growth: FIEMIND's earnings growth over the past year (101.7%) exceeds its 5-year average (14.5% per year).

Earnings vs Industry: FIEMIND earnings growth over the past year (101.7%) exceeded the Auto Components industry 33.8%.

Return on Equity

High ROE: FIEMIND's Return on Equity (14.7%) is considered low.

Discover strong past performing companies

Financial Health

How is Fiem Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIEMIND's short term assets (₹5.2B) exceed its short term liabilities (₹3.4B).

Long Term Liabilities: FIEMIND's short term assets (₹5.2B) exceed its long term liabilities (₹690.3M).

Debt to Equity History and Analysis

Debt Level: FIEMIND has more cash than its total debt.

Reducing Debt: FIEMIND's debt to equity ratio has reduced from 54.8% to 3.3% over the past 5 years.

Debt Coverage: FIEMIND's debt is well covered by operating cash flow (435.7%).

Interest Coverage: FIEMIND's interest payments on its debt are well covered by EBIT (15.7x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Fiem Industries's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

1.50%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: FIEMIND's dividend (1.5%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: FIEMIND's dividend (1.5%) is low compared to the top 25% of dividend payers in the Indian market (1.85%).

Stability and Growth of Payments

Stable Dividend: FIEMIND's dividend payments have been volatile in the past 10 years.

Growing Dividend: FIEMIND's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28%), FIEMIND's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (36.1%), FIEMIND's dividend payments are well covered by cash flows.

Discover strong dividend paying companies

Management

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

16.1yrs

Average management tenure

CEO

Jagjeevan Jain (69 yo)

no data

Tenure

₹9,360,000

Compensation

Mr. Jagjeevan Kumar Jain serves as the Chairman of the Board and Managing Director of Fiem Industries Ltd. and has been its Executive Director since February 6, 1989. Mr. Jain involved in the operations of...

CEO Compensation Analysis

Compensation vs Market: Jagjeevan's total compensation ($USD118.47K) is below average for companies of similar size in the Indian market ($USD195.82K).

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

Leadership Team

Experienced Management: FIEMIND's management team is seasoned and experienced (16.1 years average tenure).

Board Members

Experienced Board: FIEMIND's board of directors are seasoned and experienced ( 12.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/29 00:00
End of Day Share Price	2022/06/29 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31