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FIRS

First Rock Real Estate Investments JMSE:FIRSTROCKJMD Stock Report

Last Price

JA$13.75

Market Cap

JA$3.9b

7D

1.9%

1Y

5.8%

Updated

01 Oct, 2022

Data

Company Financials
FIRSTROCKJMD fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health3/6
Dividends0/6

FIRSTROCKJMD Stock Overview

First Rock Real Estate Investments Limited engages in the real estate acquisition and development business in Jamaica, the Republic of Costa Rica, and the Cayman Islands.

First Rock Real Estate Investments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for First Rock Real Estate Investments
Historical stock prices
Current Share PriceJA$13.75
52 Week HighJA$14.65
52 Week LowJA$9.00
Beta0.28
1 Month Change19.56%
3 Month Change17.02%
1 Year Change5.77%
3 Year Changen/a
5 Year Changen/a
Change since IPO34.15%

Recent News & Updates

Shareholder Returns

FIRSTROCKJMDJM Real EstateJM Market
7D1.9%-0.9%0.4%
1Y5.8%5.3%-6.9%

Return vs Industry: FIRSTROCKJMD matched the JM Real Estate industry which returned 5.3% over the past year.

Return vs Market: FIRSTROCKJMD exceeded the JM Market which returned -6.9% over the past year.

Price Volatility

Is FIRSTROCKJMD's price volatile compared to industry and market?
FIRSTROCKJMD volatility
FIRSTROCKJMD Average Weekly Movement11.3%
Real Estate Industry Average Movement6.1%
Market Average Movement9.5%
10% most volatile stocks in JM Market16.0%
10% least volatile stocks in JM Market5.6%

Stable Share Price: FIRSTROCKJMD is not significantly more volatile than the rest of JM stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: FIRSTROCKJMD's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017n/an/ahttps://www.firstrockcap.com

First Rock Real Estate Investments Limited engages in the real estate acquisition and development business in Jamaica, the Republic of Costa Rica, and the Cayman Islands. The company rents residential and commercial properties. It is also involved in the acquisition of private equity investments, and property investment activities.

First Rock Real Estate Investments Fundamentals Summary

How do First Rock Real Estate Investments's earnings and revenue compare to its market cap?
FIRSTROCKJMD fundamental statistics
Market CapJA$3.93b
Earnings (TTM)JA$847.72m
Revenue (TTM)JA$1.07b

4.6x

P/E Ratio

3.7x

P/S Ratio

Is FIRSTROCKJMD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIRSTROCKJMD income statement (TTM)
RevenueUS$7.06m
Cost of RevenueUS$0
Gross ProfitUS$7.06m
Other ExpensesUS$1.46m
EarningsUS$5.59m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin100.00%
Net Profit Margin79.25%
Debt/Equity Ratio49.0%

How did FIRSTROCKJMD perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is FIRSTROCKJMD 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

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FIRSTROCKJMD 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/Revenue5.9x
Enterprise Value/EBITDA24.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

FIRSTROCKJMD PE Ratio vs Peers
The above table shows the PE ratio for FIRSTROCKJMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.6x
SML Stanley Motta
4.7xn/aJA$3.8b
PJAM PanJam Investment
10.4xn/aJA$62.9b
KPREIT Kingston Properties
11.3xn/aJA$5.4b
TFC PTFC Redevelopment
19.3xn/a₱1.5b
FIRSTROCKJMD First Rock Real Estate Investments
4.6xn/aJA$3.9b

Price-To-Earnings vs Peers: FIRSTROCKJMD is good value based on its Price-To-Earnings Ratio (4.6x) compared to the peer average (8.6x).


Price to Earnings Ratio vs Industry

How does FIRSTROCKJMD's PE Ratio compare vs other companies in the South American Real Estate Industry?

Price-To-Earnings vs Industry: FIRSTROCKJMD is good value based on its Price-To-Earnings Ratio (4.6x) compared to the South American Real Estate industry average (8.2x)


Price to Earnings Ratio vs Fair Ratio

What is FIRSTROCKJMD'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.

FIRSTROCKJMD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: FIRSTROCKJMD (JMD13.75) is trading above our estimate of fair value (JMD4.59)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is First Rock Real Estate Investments 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


19.0%

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 Rock Real Estate Investments 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

Past Performance

How has First Rock Real Estate Investments performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


116.6%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: FIRSTROCKJMD has a large one-off gain of $4.4M impacting its June 30 2022 financial results.

Growing Profit Margin: FIRSTROCKJMD's current net profit margins (79.3%) are lower than last year .


Past Earnings Growth Analysis

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

Accelerating Growth: Insufficient data to compare FIRSTROCKJMD's past year earnings growth to its 5-year average.

Earnings vs Industry: FIRSTROCKJMD earnings growth over the past year (116.6%) exceeded the Real Estate industry 35.7%.


Return on Equity

High ROE: FIRSTROCKJMD's Return on Equity (15.1%) is considered low.


Discover strong past performing companies

Financial Health

How is First Rock Real Estate Investments's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIRSTROCKJMD's short term assets ($18.7M) exceed its short term liabilities ($9.0M).

Long Term Liabilities: FIRSTROCKJMD's short term assets ($18.7M) exceed its long term liabilities ($12.6M).


Debt to Equity History and Analysis

Debt Level: FIRSTROCKJMD's net debt to equity ratio (43.2%) is considered high.

Reducing Debt: Insufficient data to determine if FIRSTROCKJMD's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FIRSTROCKJMD's debt is not well covered by operating cash flow (2.3%).

Interest Coverage: FIRSTROCKJMD's interest payments on its debt are well covered by EBIT (3.2x coverage).


Balance Sheet


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Dividend

What is First Rock Real Estate Investments's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

First Rock Real Estate Investments Dividend Yield vs Market
How does First Rock Real Estate Investments dividend yield compare to the market?
SegmentDividend Yield
Company (First Rock Real Estate Investments)0%
Market Bottom 25% (JM)1.6%
Market Top 25% (JM)3.5%
Industry Average (Real Estate)4.3%
Analyst forecast in 3 Years (First Rock Real Estate Investments)n/a

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

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

Growing Dividend: Insufficient data to determine if FIRSTROCKJMD's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: FIRSTROCKJMD is not paying a notable dividend for the JM market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FIRSTROCKJMD has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.7yrs

Average board tenure


CEO

First Rock Real Estate Investments has no CEO, or we have no data on them.


Board Members

Experienced Board: FIRSTROCKJMD's board of directors are considered experienced (4.7 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

What is the ownership structure of FIRSTROCKJMD?
Owner TypeNumber of SharesOwnership Percentage

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

Company Information

First Rock Real Estate Investments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: First Rock Real Estate Investments Limited
  • Ticker: FIRSTROCKJMD
  • Exchange: JMSE
  • Founded: 2017
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Implied Market Cap: JA$3.933b
  • Shares outstanding: 286.03m
  • Website: https://www.firstrockcap.com

Location

  • First Rock Real Estate Investments Limited
  • 14 Canberra Crescent
  • Suite 6
  • Kingston
  • 6
  • Jamaica


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIRSTROCKJMDJMSE (The Jamaica Stock Exchange)YesCOM NPVJMJMDMar 2020
FIRSTROCKUSDJMSE (The Jamaica Stock Exchange)YesCOM NPVJMUSDMar 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.