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FAHR

STANLIB Fahari I-REITNASE:FAHR Stock Report

Market Cap

KSh1.2b

7D

-1.5%

1Y

21.2%

Updated

18 Oct, 2021

Data

Company Financials
FAHR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

FAHR Overview

No business description

Price History & Performance

Summary of all time highs, changes and price drops for STANLIB Fahari I-REIT
Historical stock prices
Current Share PriceKSh6.52
52 Week HighKSh5.04
52 Week LowKSh7.48
Beta0.098
1 Month Change-7.12%
3 Month Change-2.10%
1 Year Change21.19%
3 Year Change-34.80%
5 Year Change-50.61%
Change since IPO-67.32%

Recent News & Updates

Shareholder Returns

FAHRKE REITsKE Market
7D-1.5%-0.4%1.7%
1Y21.2%38.8%30.0%

Return vs Industry: FAHR underperformed the KE REITs industry which returned 38.8% over the past year.

Return vs Market: FAHR underperformed the KE Market which returned 30% over the past year.

Price Volatility

Is FAHR's price volatile compared to industry and market?
FAHR volatility
FAHR Beta0.098
Industry Beta0.89
Market Beta1

Stable Share Price: FAHR is not significantly more volatile than the rest of KE stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: FAHR's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aEinstein Kihandahttps://www.stanlibfahariireit.com

STANLIB Fahari I-REIT Fundamentals Summary

How do STANLIB Fahari I-REIT's earnings and revenue compare to its market cap?
FAHR fundamental statistics
Market CapKSh1.18b
Earnings (TTM)KSh184.83m
Revenue (TTM)KSh364.75m

6.4x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FAHR income statement (TTM)
RevenueKSh364.75m
Cost of RevenueKSh206.70m
Gross ProfitKSh158.05m
Expenses-KSh26.78m
EarningsKSh184.83m

Last Reported Earnings

Jun 30, 2020

Next Earnings Date

n/a

Earnings per share (EPS)1.02
Gross Margin43.33%
Net Profit Margin50.67%
Debt/Equity Ratio0.0%

How did FAHR perform over the long term?

See historical performance and comparison

Dividends

9.2%

Current Dividend Yield

88%

Payout Ratio

Valuation

Is STANLIB Fahari I-REIT undervalued compared to its fair value and its price relative to the market?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FAHR (KES6.52) is trading below our estimate of fair value (KES11.48)

Significantly Below Fair Value: FAHR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FAHR is good value based on its PE Ratio (6.4x) compared to the African REITs industry average (9.9x).

PE vs Market: FAHR is good value based on its PE Ratio (6.4x) compared to the KE market (6.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FAHR is good value based on its PB Ratio (0.3x) compared to the XF REITs industry average (0.6x).


Future Growth

How is STANLIB Fahari I-REIT forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.9%

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 STANLIB Fahari I-REIT 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 STANLIB Fahari I-REIT performed over the past 5 years?

-9.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FAHR has a large one-off gain of KES39.5M impacting its June 30 2020 financial results.

Growing Profit Margin: FAHR's current net profit margins (50.7%) are higher than last year (49.9%).


Past Earnings Growth Analysis

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

Accelerating Growth: FAHR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FAHR had negative earnings growth (-9.4%) over the past year, making it difficult to compare to the REITs industry average (111.5%).


Return on Equity

High ROE: FAHR's Return on Equity (5%) is considered low.


Financial Health

How is STANLIB Fahari I-REIT's financial position?


Financial Position Analysis

Short Term Liabilities: FAHR's short term assets (KES333.6M) exceed its short term liabilities (KES102.9M).

Long Term Liabilities: FAHR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: FAHR is debt free.

Reducing Debt: FAHR has not had any debt for past 5 years.

Debt Coverage: FAHR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FAHR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is STANLIB Fahari I-REIT current dividend yield, its reliability and sustainability?

9.20%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FAHR's dividend (9.2%) is higher than the bottom 25% of dividend payers in the KE market (4.19%).

High Dividend: FAHR's dividend (9.2%) is in the top 25% of dividend payers in the KE market (7.8%)


Stability and Growth of Payments

Stable Dividend: FAHR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FAHR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (87.5%), FAHR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Einstein Kihanda

1.75yrs

Tenure

Mr. Einstein Kihanda serves as Chief Executive Officer of ICEA LION Asset Management Limited of STANLIB Fahari I-REIT since August 2020 and served as its Acting Chief Executive Officer of ICEA LION Asset M...


Leadership Team

Experienced Management: FAHR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


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

STANLIB Fahari I-REIT's employee growth, exchange listings and data sources


Key Information

  • Name: STANLIB Fahari I-REIT
  • Ticker: FAHR
  • Exchange: NASE
  • Founded: NaN
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: KSh1.180b
  • Shares outstanding: 180.97m
  • Website: https://www.stanlibfahariireit.com

Location

  • STANLIB Fahari I-REIT
  • Liberty House
  • 1st Floor
  • Nairobi
  • Kenya

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 15:37
End of Day Share Price2021/10/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.