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FIDE

Bee Equity PartnersMUSE:FIDE.I0000 Stock Report

Market Cap

MU₨255.8m

7D

-3.0%

1Y

34.9%

Updated

17 Oct, 2021

Data

Company Financials
FIDE.I0000 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends2/6

FIDE.I0000 Overview

The Bee Equity Partners Ltd, formerly known as Forward Investment and Development Enterprises Limited is a venture capital firm specializing in direct investment and fund of fund investment.

Price History & Performance

Summary of all time highs, changes and price drops for Bee Equity Partners
Historical stock prices
Current Share PriceMU₨29.00
52 Week HighMU₨21.00
52 Week LowMU₨32.95
Beta0.22
1 Month Change1.75%
3 Month Change-3.97%
1 Year Change34.88%
3 Year Change-25.64%
5 Year Change92.05%
Change since IPO1,511.11%

Recent News & Updates

Shareholder Returns

FIDE.I0000MU Capital MarketsMU Market
7D-3.0%0.6%-1.0%
1Y34.9%12.2%13.9%

Return vs Industry: FIDE.I0000 exceeded the MU Capital Markets industry which returned 12.2% over the past year.

Return vs Market: FIDE.I0000 exceeded the MU Market which returned 13.9% over the past year.

Price Volatility

Is FIDE.I0000's price volatile compared to industry and market?
FIDE.I0000 volatility
FIDE.I0000 Beta0.22
Industry Beta0.87
Market Beta1

Stable Share Price: FIDE.I0000 is not significantly more volatile than the rest of MU stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FIDE.I0000's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1974n/aOlivier Fayollehttps://www.thebee.mu

The Bee Equity Partners Ltd, formerly known as Forward Investment and Development Enterprises Limited is a venture capital firm specializing in direct investment and fund of fund investment. Within direct, it invests in secondary direct, seed, startup, early venture, mid venture, small and medium enterprise investments. Within fund of fund it invests in venture capital funds.

Bee Equity Partners Fundamentals Summary

How do Bee Equity Partners's earnings and revenue compare to its market cap?
FIDE.I0000 fundamental statistics
Market CapMU₨255.81m
Earnings (TTM)MU₨24.96m
Revenue (TTM)MU₨97.64m

10.2x

P/E Ratio

2.6x

P/S Ratio

Is FIDE.I0000 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIDE.I0000 income statement (TTM)
RevenueMU₨97.64m
Cost of RevenueMU₨0
Gross ProfitMU₨97.64m
ExpensesMU₨72.68m
EarningsMU₨24.96m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.83
Gross Margin100.00%
Net Profit Margin25.56%
Debt/Equity Ratio0.0%

How did FIDE.I0000 perform over the long term?

See historical performance and comparison

Dividends

2.9%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Bee Equity Partners undervalued compared to its fair value and its price relative to the market?

10.25x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FIDE.I0000's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FIDE.I0000's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FIDE.I0000 is poor value based on its PE Ratio (10.2x) compared to the MU Capital Markets industry average (5x).

PE vs Market: FIDE.I0000 is good value based on its PE Ratio (10.2x) compared to the MU market (14.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FIDE.I0000's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FIDE.I0000 is good value based on its PB Ratio (0.5x) compared to the MU Capital Markets industry average (0.7x).


Future Growth

How is Bee Equity Partners forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.5%

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 Bee Equity Partners 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 Bee Equity Partners performed over the past 5 years?

-75.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FIDE.I0000 has a large one-off loss of MUR54.7M impacting its March 31 2021 financial results.

Growing Profit Margin: FIDE.I0000 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: FIDE.I0000's earnings have declined by 75.2% per year over the past 5 years.

Accelerating Growth: FIDE.I0000 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: FIDE.I0000 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (34.1%).


Return on Equity

High ROE: FIDE.I0000's Return on Equity (4.8%) is considered low.


Financial Health

How is Bee Equity Partners's financial position?


Financial Position Analysis

Short Term Liabilities: FIDE.I0000's short term assets (MUR142.8M) exceed its short term liabilities (MUR7.1M).

Long Term Liabilities: FIDE.I0000's short term assets (MUR142.8M) exceed its long term liabilities (MUR5.9M).


Debt to Equity History and Analysis

Debt Level: FIDE.I0000 is debt free.

Reducing Debt: FIDE.I0000 has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.

Debt Coverage: FIDE.I0000 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FIDE.I0000 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Bee Equity Partners's current dividend yield, its reliability and sustainability?

2.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FIDE.I0000's dividend (2.93%) is higher than the bottom 25% of dividend payers in the MU market (2.11%).

High Dividend: FIDE.I0000's dividend (2.93%) is low compared to the top 25% of dividend payers in the MU market (3.69%).


Stability and Growth of Payments

Stable Dividend: FIDE.I0000 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: FIDE.I0000's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.5%), FIDE.I0000's dividend payments are well 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?

3.8yrs

Average board tenure


CEO

Olivier Fayolle

no data

Tenure

MU₨4,373,577

Compensation

Mr. Olivier Fayolle has been an Executive Director at The Bee Equity Partners Ltd. since May 09, 2016 and its Chief Executive Officer. Before joining The Bee Equity Partners Ltd in April 15, 2016, he worke...


Board Members

Experienced Board: FIDE.I0000's board of directors are considered experienced (3.8 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.


Top Shareholders

Company Information

The Bee Equity Partners Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: The Bee Equity Partners Ltd
  • Ticker: FIDE.I0000
  • Exchange: MUSE
  • Founded: 1974
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: MU₨255.807m
  • Shares outstanding: 8.82m
  • Website: https://www.thebee.mu

Location

  • The Bee Equity Partners Ltd
  • IBL House
  • First Floor
  • Port Louis
  • 11307
  • Mauritius

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 12:31
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2020/06/30


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.