OTCPK:FBRK.F

Stock Analysis Report

Executive Summary

FBR Limited designs, develops, and commercializes robots for use in the construction sector and other industries in Australia.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.

Share Price & News

How has FBR's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

10.3%

FBRK.F

4.7%

US Machinery

1.8%

US Market


1 Year Return

-64.1%

FBRK.F

6.6%

US Machinery

7.3%

US Market

Return vs Industry: FBRK.F underperformed the US Machinery industry which returned 6.6% over the past year.

Return vs Market: FBRK.F underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

FBRK.FIndustryMarket
7 Day10.3%4.7%1.8%
30 Day-4.8%-0.6%-0.7%
90 Day-19.3%-0.9%0.06%
1 Year-64.1%-64.1%8.9%6.6%9.7%7.3%
3 Yearn/a49.4%39.7%46.3%36.9%
5 Yearn/a57.6%38.4%64.5%46.5%

Price Volatility Vs. Market

How volatile is FBR's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FBR undervalued compared to its fair value and its price relative to the market?

1.59x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate FBRK.F's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FBRK.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FBRK.F is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: FBRK.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FBRK.F is good value based on its PB Ratio (1.6x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

9.5%

Forecasted Capital Goods 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 FBR 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.


Next Steps

  • Examine FBR'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.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access FBR's filings and announcements here.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has FBR performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBRK.F is unprofitable, and losses have increased over the past 5 years at a rate of -34.2% per year.

Accelerating Growth: Unable to compare FBRK.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FBRK.F is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (18.7%).


Return on Equity

High ROE: FBRK.F has a negative Return on Equity (-17.21%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FBRK.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FBRK.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is FBR's financial position?


Financial Position Analysis

Short Term Liabilities: FBRK.F's short term assets (A$26.2M) exceeds its short term liabilities (A$2.8M)

Long Term Liabilities: FBRK.F's short term assets (26.2M) exceeds its long term liabilities (755.6K)


Debt to Equity History and Analysis

Debt Level: FBRK.F is debt free.

Reducing Debt: FBRK.F has no debt compared to 5 years ago when its debt to equity ratio was 677.7%.


Balance Sheet

Inventory Level: FBRK.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: FBRK.F's debt is not covered by short term assets (assets are -7.5548625942359E+18x debt).


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.

Stable Cash Runway: FBRK.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FBRK.F has less than a year of cash runway if free cash flow continues to reduce at historical rates of -84.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate FBRK.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FBRK.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FBRK.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

1.2yrs

Average management tenure


CEO

Mike Pivac 0

3.9yrs

Tenure

AU$616,610

Compensation

Mr. Michael Pivac, also known as Mike, has been Gobal Chief Executive Officer and Executive Director of Fastbrick Robotics Limited since June 2019 and November 18, 2015 respectively and also serves as its  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Mike's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.2yrs

Average Tenure

Experienced Management: FBRK.F's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

1.3yrs

Average Tenure

Experienced Board: FBRK.F's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$397,02105 Mar 19
FIL Limited
EntityCompany
Shares6,461,854
Max PriceAU$0.064
BuyAU$2,456,52605 Mar 19
FIL Limited
EntityCompany
Shares33,013,381
Max PriceAU$0.074

Ownership Breakdown


Management Team

  • Marcus Gracey

    Chief Corporate Development Officer

    • Tenure: 1.2yrs
    • Compensation: AU$536.13k
  • Simon Amos

    Chief Executive Officer of Australia

    • Tenure: 0.3yrs
    • Compensation: AU$424.66k
  • Aidan Flynn

    Chief Financial Officer

    • Tenure: 1.8yrs
    • Compensation: AU$387.51k
  • Mike Pivac

    MD. Global CEO & Executive Director

    • Tenure: 3.9yrs
    • Compensation: AU$616.61k
  • Mark Pivac

    CTO, Founder & Executive Director

    • Tenure: 3.9yrs
    • Compensation: AU$599.49k
  • Mark Sheridan

    Chief Operating Officer

    • Tenure: 1.2yrs
    • Compensation: AU$687.42k
  • Steve Pierz

    Chief Innovation Officer

    • Tenure: 1.3yrs
    • Compensation: AU$223.00k
  • Kiel Chivers

    Director of Communications & Corporate Affairs

    • Tenure: 0yrs
  • Jonathan Lawe Davies

    General Counsel

    • Tenure: 0.08yrs
    • Compensation: AU$247.31k
  • Rachelle Brunet

    Company Secretary & Executive Officer

    • Tenure: 0.6yrs

Board Members

  • Richard Grellman (69yo)

    Non-Executive Chairman

    • Tenure: 1.3yrs
    • Compensation: AU$110.86k
  • Nancy Milne (66yo)

    Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: AU$62.29k
  • Mike Pivac

    MD. Global CEO & Executive Director

    • Tenure: 3.9yrs
    • Compensation: AU$616.61k
  • Mark Pivac

    CTO, Founder & Executive Director

    • Tenure: 3.9yrs
    • Compensation: AU$599.49k
  • Robert Bloore

    Non-Executive Director

    • Tenure: 1.2yrs
    • Compensation: AU$62.29k
  • Curtis Rodgers

    Member of Advisory Committee

    • Tenure: 1.8yrs
  • Peter Scott

    Member of Advisory Committee

    • Tenure: 1.2yrs

Company Information

FBR Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FBR Limited
  • Ticker: FBRK.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: AU$84.218m
  • Listing Market Cap: AU$57.475m
  • Shares outstanding: 1.40b
  • Website: https://www.fbr.com.au

Location

  • FBR Limited
  • 122 Sultana Road West
  • High Wycombe
  • Western Australia
  • 6057
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBRASX (Australian Securities Exchange)YesOrdinary SharesAUAUDNov 2015
FBRCHIA (Chi-X Australia)YesOrdinary SharesAUAUDNov 2015
FBRK.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2015
DZ2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2015

Biography

FBR Limited designs, develops, and commercializes robots for use in the construction sector and other industries in Australia. It engages in developing the Hadrian X, a robotic bricklaying technology, whic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:21
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.