OTCPK:FNNC.F

Stock Analysis Report

Executive Summary

Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc.

Rewards


Snowflake Analysis

Share Price & News

How has Financial 15 Split's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FNNC.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.6%

FNNC.F

-8.6%

US Capital Markets

-10.6%

US Market


1 Year Return

-19.7%

FNNC.F

4.9%

US Capital Markets

5.2%

US Market

Return vs Industry: FNNC.F underperformed the US Capital Markets industry which returned 8.9% over the past year.

Return vs Market: FNNC.F underperformed the US Market which returned 10.2% over the past year.


Shareholder returns

FNNC.FIndustryMarket
7 Day-1.6%-8.6%-10.6%
30 Day-3.2%-7.9%-8.5%
90 Day-0.8%-4.4%-4.6%
1 Year-1.7%-19.7%7.1%4.9%7.4%5.2%
3 Year11.7%-30.8%25.5%18.4%31.7%23.2%
5 Yearn/a65.9%50.7%56.4%39.3%

Price Volatility Vs. Market

How volatile is Financial 15 Split's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Financial 15 Split undervalued compared to its fair value and its price relative to the market?

32.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNNC.F ($5.39) is trading below our estimate of fair value ($10.05)

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FNNC.F is good value based on its PB Ratio (1.4x) compared to the US Capital Markets industry average (6.6x).

Future Growth

How is Financial 15 Split forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.9%

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 Financial 15 Split 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 Financial 15 Split performed over the past 5 years?

-15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNNC.F is currently unprofitable.

Growing Profit Margin: FNNC.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FNNC.F is unprofitable, and losses have increased over the past 5 years at a rate of -28.7% per year.

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

Earnings vs Industry: FNNC.F is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (8.4%).


Return on Equity

High ROE: FNNC.F has a negative Return on Equity (-20.39%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed

Financial Health

How is Financial 15 Split's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

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

Debt Coverage by Assets: FNNC.F's debt is covered by short term assets (assets are 1.5x 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: FNNC.F has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: FNNC.F has been profitable on average in the past, therefore cash runway is not a concern.


Financial Institutions Analysis

Asset Level: FNNC.F's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FNNC.F has a sufficient allowance for bad loans.

Low Risk Liabilities: FNNC.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FNNC.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FNNC.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FNNC.F has an appropriate level of bad loans.

Dividend

What is Financial 15 Split's current dividend yield, its reliability and sustainability?

23.98%

Current Dividend Yield


Dividend Yield vs Market

company24.0%marketbottom25%1.6%markettop25%4.1%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FNNC.F's dividend (22.31%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: FNNC.F's dividend (22.31%) is in the top 25% of dividend payers in the US market (3.96%)


Stability and Growth of Payments

Stable Dividend: FNNC.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: FNNC.F's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: FNNC.F is paying a dividend but the company is unprofitable.


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.

Management

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


CEO

Financial 15 Split has no CEO, or we have no data on them.


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.


Top Shareholders

Company Information

Financial 15 Split Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Financial 15 Split Corp.
  • Ticker: FNNC.F
  • Exchange: OTCPK
  • Founded: 2003
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: CA$273.650m
  • Listing Market Cap: CA$204.797m
  • Shares outstanding: 43.51m
  • Website: https://www.quadravest.com/#!financial15-home/cs0n

Location

  • Financial 15 Split Corp.
  • 77 King Street West
  • Royal Trust Tower
  • Toronto
  • Ontario
  • M5K 1K7
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FTNTSX (The Toronto Stock Exchange)YesClass A SharesCACADNov 2003
FNNC.FOTCPK (Pink Sheets LLC)YesClass A SharesUSUSDNov 2003

Biography

Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc. It is managed by Quadravest Capital Management Inc. It invests in the public equity markets of the United States and Canada. The fund primarily invests in stocks of companies operating in the financials sector. Financial 15 Split Corp. was formed on Nov 14, 2003 and is domiciled in the Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 01:43
End of Day Share Price2020/02/24 00:00
Earnings2019/11/30
Annual Earnings2019/11/30


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.