Ferronoux Holdings (PSE:FERRO) - Share price, News & Analysis

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

FERRO Stock Overview

Ferronoux Holdings, Inc. does not have significant operations.

Risk Analysis

Makes less than USD$1m in revenue (₱3M)

Does not have a meaningful market cap (₱469M)

Profit margins (37.1%) are lower than last year

Ferronoux Holdings Competitors

Makati Finance

PSE:MFIN

₱642.8m

BHI Holdings

PSE:BH

₱331.0m

Seafront Resources

PSE:SPM

₱327.6m

Pacifica Holdings

PSE:PA

₱672.8m

Price History & Performance

Summary of all time highs, changes and price drops for Ferronoux Holdings
Historical stock prices
Current Share Price	₱1.79
52 Week High	₱3.62
52 Week Low	₱1.79
Beta	0.32
1 Month Change	-12.68%
3 Month Change	-18.64%
1 Year Change	-38.91%
3 Year Change	-63.47%
5 Year Change	-59.13%
Change since IPO	-18.64%

Shareholder Returns

	FERRO	PH Consumer Finance	PH Market
7D	0%	1.1%	0.4%
1Y	-38.9%	4.8%	-2.0%

Return vs Industry: FERRO underperformed the PH Consumer Finance industry which returned 4.8% over the past year.

Return vs Market: FERRO underperformed the PH Market which returned -2% over the past year.

Price Volatility

Is FERRO's price volatile compared to industry and market?
FERRO volatility
FERRO Average Weekly Movement	4.3%
Consumer Finance Industry Average Movement	5.4%
Market Average Movement	5.5%
10% most volatile stocks in PH Market	10.4%
10% least volatile stocks in PH Market	3.1%

Stable Share Price: FERRO is less volatile than 75% of PH stocks over the past 3 months, typically moving +/- 4% a week.

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

About the Company

Founded	Employees	CEO	Website
2001	n/a	Michael Cosiquien	https://www.ferronouxholdings.com

Ferronoux Holdings, Inc. does not have significant operations. Previously, it provided short-term and unsecured credit facilities to employees of medium-sized companies in the Philippines. The company was formerly known as AG Finance Incorporated and changed its name to Ferronoux Holdings, Inc. in February 2018.

Ferronoux Holdings Fundamentals Summary

How do Ferronoux Holdings's earnings and revenue compare to its market cap?
FERRO fundamental statistics
Market Cap	₱468.66m
Earnings (TTM)	₱1.24m
Revenue (TTM)	₱3.35m

376.8x

P/E Ratio

139.8x

P/S Ratio

Is FERRO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FERRO income statement (TTM)
Revenue	₱3.35m
Cost of Revenue	₱2.40m
Gross Profit	₱953.73k
Other Expenses	-₱289.99k
Earnings	₱1.24m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.0047
Gross Margin	28.45%
Net Profit Margin	37.10%
Debt/Equity Ratio	0.0%

How did FERRO perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book 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 FERRO?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for FERRO. This is calculated by dividing FERRO's market cap by their current preferred multiple.
What is FERRO's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₱468.66m

FERRO 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does FERRO's PB Ratio compare to its peers?

FERRO PB Ratio vs Peers

The above table shows the PB ratio for FERRO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	2.8x
MFIN Makati Finance	1.2x	n/a	₱642.8m
BH BHI Holdings	3.4x	n/a	₱331.0m
SPM Seafront Resources	0.6x	n/a	₱327.6m
PA Pacifica Holdings	6.1x	n/a	₱672.8m
FERRO Ferronoux Holdings	3.4x	n/a	₱468.7m

Price-To-Book vs Peers: FERRO is expensive based on its Price-To-Book Ratio (3.4x) compared to the peer average (2.8x).

Price to Earnings Ratio vs Industry

How does FERRO's PE Ratio compare vs other companies in the Asian Consumer Finance Industry?

Price-To-Book vs Industry: FERRO is expensive based on its Price-To-Book Ratio (3.4x) compared to the Asian Consumer Finance industry average (1x)

Price to Book Ratio vs Fair Ratio

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

FERRO PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	3.4x
Fair PB Ratio	n/a

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

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate FERRO's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate FERRO's fair value for valuation analysis.

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 Ferronoux Holdings 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

21.0%

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 Ferronoux Holdings 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.

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Examine Ferronoux Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has Ferronoux Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

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

27.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FERRO has high quality earnings.

Growing Profit Margin: FERRO's current net profit margins (37.1%) are lower than last year .

Past Earnings Growth Analysis

Earnings Trend: FERRO has become profitable over the past 5 years, growing earnings by 27.9% per year.

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

Earnings vs Industry: FERRO had negative earnings growth (-65.6%) over the past year, making it difficult to compare to the Consumer Finance industry average (20.3%).

Return on Equity

High ROE: FERRO's Return on Equity (0.9%) is considered low.

Discover strong past performing companies

Financial Health

How is Ferronoux Holdings'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: FERRO's short term assets (₱139.3M) exceed its short term liabilities (₱9.1M).

Long Term Liabilities: FERRO's short term assets (₱139.3M) exceed its long term liabilities (₱1.9M).

Debt to Equity History and Analysis

Debt Level: FERRO is debt free.

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

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

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

Balance Sheet

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Dividend

What is Ferronoux Holdings'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

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

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

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

Earnings Payout to Shareholders

Earnings Coverage: FERRO is not paying a notable dividend for the PH market.

Cash Payout to Shareholders

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

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Management

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

3.5yrs

Average management tenure

CEO

Michael Cosiquien (48 yo)

4.58yrs

Tenure

Engr. Michael C. Cosiquien has been Chairman of the Board at ORCA Cold Chain Solutions since 2017 and is its Director. Engr. Cosiquien had been the Chairman of Megawide Construction Corporation since July...

Leadership Team

Experienced Management: FERRO's management team is considered experienced (3.5 years average tenure).

Board Members

Experienced Board: FERRO's board of directors are considered experienced (4.6 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	2022/08/10 00:00
End of Day Share Price	2022/08/10 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31