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Firstobject Technologies

BSE:532379
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532379
BSE
₹106M
Market Cap
  1. Home
  2. IN
  3. Software
Company description

Firstobject Technologies Limited operates as an IT/ITES and e-education software development company in India. The last earnings update was 65 days ago. More info.


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532379 Share Price and Events
7 Day Returns
-5.8%
BSE:532379
0.9%
IN Software
0.8%
IN Market
1 Year Returns
-37.4%
BSE:532379
-18.4%
IN Software
-0.7%
IN Market
532379 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Firstobject Technologies (532379) -5.8% -7.1% 1.7% -37.4% 66.7% 41.1%
IN Software 0.9% 2.6% -4.4% -18.4% -4.1% 26.8%
IN Market 0.8% 2.1% 5.8% -0.7% 41.2% 72.5%
1 Year Return vs Industry and Market
  • 532379 underperformed the Software industry which returned -18.4% over the past year.
  • 532379 underperformed the Market in India which returned -0.7% over the past year.
Price Volatility
532379
Industry
5yr Volatility vs Market

532379 Value

 Is Firstobject Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Firstobject Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Firstobject Technologies.

BSE:532379 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.1%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532379
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.134 (1 + (1- 35%) (4.65%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (1.112 * 8.6%)
17.12%

Discounted Cash Flow Calculation for BSE:532379 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Firstobject Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532379 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 17.12%)
2019 18.89 Est @ 10.73% 16.13
2020 20.74 Est @ 9.78% 15.12
2021 22.63 Est @ 9.11% 14.09
2022 24.58 Est @ 8.64% 13.07
2023 26.63 Est @ 8.31% 12.08
2024 28.78 Est @ 8.08% 11.15
2025 31.06 Est @ 7.92% 10.28
2026 33.49 Est @ 7.81% 9.46
2027 36.08 Est @ 7.73% 8.70
2028 38.85 Est @ 7.68% 8.00
Present value of next 10 years cash flows ₹118.08
BSE:532379 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹38.85 × (1 + 7.55%) ÷ (17.12% – 7.55%)
₹436.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹436.70 ÷ (1 + 17.12%)10
₹89.94
BSE:532379 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹118.08 + ₹89.94
₹208.03
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹208.03 / 10.40
₹20
BSE:532379 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹20.00
Current discount Discount to share price of ₹10.17
= -1 x (₹10.17 - ₹20.00) / ₹20.00
49.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Firstobject Technologies is available for.
Intrinsic value
49%
Share price is ₹10.17 vs Future cash flow value of ₹20
Current Discount Checks
For Firstobject Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Firstobject Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Firstobject Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Firstobject Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Firstobject Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532379 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-0.55
BSE:532379 Share Price ** BSE (2019-04-18) in INR ₹10.17
India Software Industry PE Ratio Median Figure of 48 Publicly-Listed Software Companies 16.08x
India Market PE Ratio Median Figure of 2,738 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Firstobject Technologies.

BSE:532379 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532379 Share Price ÷ EPS (both in INR)

= 10.17 ÷ -0.55

-18.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Firstobject Technologies is loss making, we can't compare its value to the IN Software industry average.
  • Firstobject Technologies is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Firstobject Technologies's expected growth come at a high price?
Raw Data
BSE:532379 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -18.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
44.1%per year
India Software Industry PEG Ratio Median Figure of 9 Publicly-Listed Software Companies 0.94x
India Market PEG Ratio Median Figure of 584 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Firstobject Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Firstobject Technologies's assets?
Raw Data
BSE:532379 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹32.46
BSE:532379 Share Price * BSE (2019-04-18) in INR ₹10.17
India Software Industry PB Ratio Median Figure of 66 Publicly-Listed Software Companies 1.21x
India Market PB Ratio Median Figure of 3,628 Publicly-Listed Companies 1.11x
BSE:532379 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532379 Share Price ÷ Book Value per Share (both in INR)

= 10.17 ÷ 32.46

0.31x

* Primary Listing of Firstobject Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Firstobject Technologies is good value based on assets compared to the IN Software industry average.
X
Value checks
We assess Firstobject Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. Firstobject Technologies has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

532379 Future Performance

 How is Firstobject Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Firstobject Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
44.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Firstobject Technologies expected to grow at an attractive rate?
  • Firstobject Technologies's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Firstobject Technologies's earnings growth is expected to exceed the India market average.
  • Unable to compare Firstobject Technologies's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:532379 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532379 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 44.1%
India Software Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
India Software Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
India Market Earnings Growth Rate Market Cap Weighted Average 18.5%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532379 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532379 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 81 -6
2018-09-30 93 0
2018-06-30 100 1
2018-03-31 104 48 1
2017-12-31 110 2
2017-09-30 129 2
2017-06-30 141 1
2017-03-31 153 14 1
2016-12-31 166 2
2016-09-30 161 2
2016-06-30 155 1
2016-03-31 148 15 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Firstobject Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Firstobject Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532379 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Firstobject Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532379 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -0.55
2018-09-30 -0.02
2018-06-30 0.12
2018-03-31 0.12
2017-12-31 0.18
2017-09-30 0.22
2017-06-30 0.13
2017-03-31 0.11
2016-12-31 0.17
2016-09-30 0.14
2016-06-30 0.10
2016-03-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Firstobject Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Firstobject Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Firstobject Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

532379 Past Performance

  How has Firstobject Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Firstobject Technologies's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Firstobject Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Firstobject Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Firstobject Technologies's 1-year growth to the IN Software industry average as it is not currently profitable.
Earnings and Revenue History
Firstobject Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Firstobject Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532379 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 80.86 -5.82 0.29
2018-09-30 93.06 -0.19 0.29
2018-06-30 99.78 1.22
2018-03-31 103.75 1.21 0.29
2017-12-31 109.85 1.90 0.22
2017-09-30 128.72 2.29 0.22
2017-06-30 140.82 1.31 0.22
2017-03-31 152.64 1.15 0.22
2016-12-31 166.37 1.89 0.22
2016-09-30 160.81 1.54 0.22
2016-06-30 155.45 1.14 0.22
2016-03-31 147.72 0.55 0.22
2015-12-31 143.10 -18.53 2.96
2015-09-30 170.96 -18.87 2.96
2015-06-30 227.63 -18.54
2015-03-31 283.71 -17.99 0.56
2014-12-31 324.12 -2.42 4.20
2014-09-30 374.12 -25.47 4.20
2014-06-30 421.20 -37.11 4.20
2014-03-31 458.56 -52.89 4.20
2013-12-31 559.86 -65.98 7.63
2013-09-30 605.55 -39.97 7.63
2013-06-30 619.63 -21.01 7.63
2013-03-31 642.21 1.76 7.90
2012-12-31 643.48 -42.53 9.40
2012-09-30 650.86 9.06
2012-06-30 647.85 21.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Firstobject Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Firstobject Technologies has efficiently used its assets last year compared to the IN Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Firstobject Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Firstobject Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Firstobject Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

532379 Health

 How is Firstobject Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Firstobject Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Firstobject Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Firstobject Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Firstobject Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 32.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Firstobject Technologies Company Filings, last reported 3 months ago.

BSE:532379 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 308.39 4.92 0.21
2018-09-30 308.39 4.92 0.21
2018-06-30 307.45 5.03 0.19
2018-03-31 307.45 5.03 0.19
2017-12-31
2017-09-30
2017-06-30 306.24 5.00 0.16
2017-03-31 306.24 5.00 0.16
2016-12-31 309.27 4.82 0.75
2016-09-30 309.27 4.82 0.75
2016-06-30 308.07 8.62 0.39
2016-03-31 308.07 8.62 0.39
2015-12-31
2015-09-30
2015-06-30 342.68 13.67 1.15
2015-03-31 342.67 13.67 1.15
2014-12-31
2014-09-30
2014-06-30 360.66 17.38 0.18
2014-03-31 360.66 17.38 0.18
2013-12-31
2013-09-30
2013-06-30 413.55 0.00 0.18
2013-03-31 413.55 0.00 0.18
2012-12-31
2012-09-30
2012-06-30
  • Firstobject Technologies's level of debt (1.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.1% vs 1.6% today).
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.

  • Information is not available.
  • Unable to confirm if Firstobject Technologies has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Firstobject Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Firstobject Technologies has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

532379 Dividends

 What is Firstobject Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Firstobject Technologies dividends.
If you bought ₹2,000 of Firstobject Technologies shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Firstobject Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Firstobject Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532379 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Software Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 2.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1400 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 1.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532379 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2014-02-14 0.000 0.000
2013-11-13 0.000 0.000
2013-08-14 0.000 0.000
2012-11-22 0.150 1.644
2012-05-15 0.150 0.936
2012-02-29 0.150 0.583
2011-11-22 0.200 0.640
2010-10-28 0.400 0.617
2010-04-19 0.400 0.369
2010-01-25 0.800 0.684
2009-10-30 0.800 0.872

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Firstobject Technologies has not reported any payouts.
  • Unable to verify if Firstobject Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Firstobject Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Firstobject Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Firstobject Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Firstobject Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Firstobject Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

532379 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chavali Kumar
COMPENSATION ₹965,000
AGE 49
TENURE AS CEO 6.4 years
CEO Bio

Mr. Chavali Sriram Kumar, M.Tech, M.B.A, LL.B, (Ph.D) has been the Managing Director of Firstobject Technologies Ltd. since November 22, 2012. Mr. Kumar served as Vice President of Product Development of Nomis Solutions, Inc. He has over 13 years of global experience in the area of enterprise software development for Financial Services and Supply Chain Management. He served as Chief Technology Officer and Associate Director of Firstobject Technologies Ltd since February 2011. Mr. Kumar has also held senior development roles at Impetus Technologies and Novell's India Development Center in Bangalore, India. Mr. kumar has been a Director of Firstobject Technologies Ltd. since November 22, 2012. He also serves as a Director on the Board of India Literacy Project, a non-profit that funds literacy projects in India. As the second member of the engineering team at Nomis, his accomplishments include architecture and development of the first release of the Nomis Price Optimizer. Prior to Nomis, he was an Advanced Member of Technical Staff at i2 Technologies where he won several accolades for his technical contributions including Customer Satisfaction awards for Toshiba and Carnival Cruise implementations. His pioneering work in Java and Object databases was presented as an industry session at the 1999 JavaOne conference in San Francisco. He is a winner of the BITS Alumni Association's "Global 30 under 30 Award" for demonstrating excellence in community leadership. Mr. Kumar received his MS degree in information systems from Birla Institute of Technology and Science and an MBA from the Haas School of Business at UC Berkeley.

CEO Compensation
  • Chavali's compensation has been consistent with company performance over the past year.
  • Chavali's remuneration is about average for companies of similar size in India.
Management Team

Chavali Kumar

TITLE
MD & Director
COMPENSATION
₹965K
AGE
49
TENURE
6.4 yrs

U. Rao

TITLE
Assistant Vice President of Finance & Accounting Department
Board of Directors Tenure

Average tenure and age of the Firstobject Technologies board of directors in years:

6.4
Average Tenure
49
Average Age
  • The tenure for the Firstobject Technologies board of directors is about average.
Board of Directors

Vivek Hebbar

TITLE
Chairman
COMPENSATION
₹5K
AGE
50
TENURE
11.6 yrs

Chavali Kumar

TITLE
MD & Director
COMPENSATION
₹965K
AGE
49
TENURE
6.4 yrs

Sailesh Pethe

TITLE
Independent Non Executive Director
COMPENSATION
₹5K
AGE
49
TENURE
10.6 yrs

Rajan Pillai

TITLE
Independent Non-Executive Director
COMPENSATION
₹5K
AGE
54
TENURE
6.3 yrs

N. Shiva

TITLE
Independent Non-Executive Director
COMPENSATION
₹5K
AGE
50
TENURE
11.5 yrs

B. Jagadish

TITLE
Independent Non Executive Director
COMPENSATION
₹5K
AGE
48
TENURE
4.7 yrs

Leena Vivek

TITLE
Independent Non-Executive Director
COMPENSATION
₹5K
AGE
43
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Firstobject Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Firstobject Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

532379 News

Simply Wall St News

532379 Company Info

Description

Firstobject Technologies Limited operates as an IT/ITES and e-education software development company in India. It offers IT/ITES services, such as solution architecting, application development, product development, independent validation, documentation, data management, business intelligence, digital transformation, and program/project management services for banking and financial services, property and casualty insurance, and health care industries. The company also provides e-learning content for pre-school, various engineering and medical entrance examinations, management entrance examinations, bank jobs, and law entrance examinations. In addition, it offers knowledge process outsourcing services, including middle office and back office support services comprising data search programs, research report preparations, price monitoring and competitive analytics, financial contract risk management, and data reconciliation services to banks, educational institutions, and manufacturing and services companies; and business process outsourcing solutions. The company was incorporated in 2000 and is based in Mumbai, India.

Details
Name: Firstobject Technologies Limited
532379
Exchange: BSE
Founded: 2000
₹105,796,018
10,402,755
Website: http://www.firstobjectindia.com
Address: Firstobject Technologies Limited
302, The Bureau Chambers,
Above State Bank of Patiala,
Mumbai,
Maharashtra, 400071,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532379 Equity Shares Mumbai Stock Exchange IN INR 19. Oct 2004
Number of employees
Current staff
Staff numbers
0
Firstobject Technologies employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 12:32
End of day share price update: 2019/04/18 00:00
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.