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First Hartford

OTCPK:FHRT
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FHRT
OTCPK
$5M
Market Cap
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Last updated 2019/05/25 23:36
Company description

First Hartford Corporation, together with its subsidiaries, engages in the purchase, development, ownership, management, and sale of real estate properties in the United States. The last earnings update was 239 days ago. More info.

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FHRT Share Price and Events
7 Day Returns
-0.7%
OTCPK:FHRT
-0.4%
US Real Estate
-1.4%
US Market
1 Year Returns
-0.2%
OTCPK:FHRT
-15.7%
US Real Estate
1.6%
US Market
FHRT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Hartford (FHRT) -0.7% - - -0.2% -16.3% 12.8%
US Real Estate -0.4% -8.6% -11.1% -15.7% 14.9% 0.8%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • FHRT outperformed the Real Estate industry which returned -15.7% over the past year.
  • FHRT underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
FHRT
Industry
5yr Volatility vs Market

Value

 Is First Hartford undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Hartford to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Hartford.

OTCPK:FHRT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FHRT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.111 (1 + (1- 21%) (4311.05%)) 		26.428
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%) 		14.65%

Discounted Cash Flow Calculation for OTCPK:FHRT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for First Hartford is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:FHRT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 5.63 Est @ 25.66% 4.91
2020 6.68 Est @ 18.78% 5.09
2021 7.62 Est @ 13.97% 5.06
2022 8.43 Est @ 10.6% 4.88
2023 9.12 Est @ 8.24% 4.60
2024 9.72 Est @ 6.58% 4.28
2025 10.25 Est @ 5.43% 3.94
2026 10.72 Est @ 4.62% 3.59
2027 11.16 Est @ 4.05% 3.26
2028 11.56 Est @ 3.66% 2.95
Present value of next 10 years cash flows $42.54
OTCPK:FHRT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $11.56 × (1 + 2.73%) ÷ (14.65% – 2.73%) 		$99.65
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $99.65 ÷ (1 + 14.65%)10 		$25.39
OTCPK:FHRT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $42.54 + $25.39 		$67.94
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $67.94 / 2.32 		$29.34
OTCPK:FHRT Discount to Share Price
Calculation Result
Value per share (USD) From above. $29.34
Current discount Discount to share price of $2.25
= -1 x ($2.25 - $29.34) / $29.34 		92.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price First Hartford is available for.
Intrinsic value
>50%
Share price is $2.25 vs Future cash flow value of $29.34
Current Discount Checks
For First Hartford to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • First Hartford's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • First Hartford's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Hartford's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Hartford's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FHRT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-07-31) in USD $2.42
OTCPK:FHRT Share Price ** OTCPK (2019-05-23) in USD $2.25
United States of America Real Estate Industry PE Ratio Median Figure of 26 Publicly-Listed Real Estate Companies 15.15x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Hartford.

OTCPK:FHRT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FHRT Share Price ÷ EPS (both in USD)

= 2.25 ÷ 2.42

 0.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Hartford is good value based on earnings compared to the US Real Estate industry average.
  • First Hartford is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Hartford's expected growth come at a high price?
Raw Data
OTCPK:FHRT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 -23.6%per year
United States of America Real Estate Industry PEG Ratio Median Figure of 12 Publicly-Listed Real Estate Companies 0.44x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for First Hartford, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on First Hartford's assets?
Raw Data
OTCPK:FHRT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-07-31) in USD $1.46
OTCPK:FHRT Share Price * OTCPK (2019-05-23) in USD $2.25
United States of America Real Estate Industry PB Ratio Median Figure of 51 Publicly-Listed Real Estate Companies 1.45x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
OTCPK:FHRT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FHRT Share Price ÷ Book Value per Share (both in USD)

= 2.25 ÷ 1.46

 1.54x

* Primary Listing of First Hartford.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Hartford is overvalued based on assets compared to the US Real Estate industry average.
Show me more potentially undervalued companies in the Real Estate industry
X
Value checks
We assess First Hartford's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
    5. First Hartford has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is First Hartford expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover First Hartford, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Hartford expected to grow at an attractive rate?
  • First Hartford's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Hartford's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare First Hartford's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:FHRT Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FHRT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -23.6%
United States of America Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FHRT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FHRT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-07-31 81 5 6
2018-04-30 84 6 2
2018-01-31 66 3 -2
2017-10-31 80 2 0
2017-07-31 85 2 2
2017-04-30 76 1 3
2017-01-31 86 -2 4
2016-10-31 70 4 1
2016-07-31 74 3 0
2016-04-30 63 6 2
2016-01-31 72 3 10
2015-10-31 82 -2 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Hartford's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if First Hartford is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FHRT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (9 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from First Hartford Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FHRT Past Financials Data
Date (Data in USD Millions) EPS *
2018-07-31 2.42
2018-04-30 0.68
2018-01-31 -0.93
2017-10-31 0.10
2017-07-31 1.02
2017-04-30 1.26
2017-01-31 1.49
2016-10-31 0.57
2016-07-31 0.08
2016-04-30 0.73
2016-01-31 4.25
2015-10-31 5.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Hartford will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess First Hartford's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Hartford has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has First Hartford performed over the past 5 years?

  • First Hartford's last earnings update was 239 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Hartford's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Hartford's year on year earnings growth rate has been positive over the past 5 years.
  • First Hartford's 1-year earnings growth exceeds its 5-year average (133.8% vs 2%)
  • First Hartford's earnings growth has exceeded the US Real Estate industry average in the past year (133.8% vs -15.8%).
Earnings and Revenue History
First Hartford's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Hartford Company Filings, last reported 9 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FHRT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-07-31 80.55 5.62 5.50
2018-04-30 83.70 1.57 5.87
2018-01-31 66.10 -2.16 6.78
2017-10-31 79.93 0.24 6.09
2017-07-31 84.86 2.40 4.81
2017-04-30 76.36 2.99 5.10
2017-01-31 86.38 3.57 8.77
2016-10-31 70.18 1.35 8.21
2016-07-31 73.99 0.20 7.07
2016-04-30 62.53 1.77 7.14
2016-01-31 71.50 10.23 6.95
2015-10-31 81.98 13.72 6.78
2015-07-31 70.93 18.47 7.35
2015-04-30 70.33 16.85 6.77
2015-01-31 51.88 4.23 6.60
2014-10-31 40.87 0.34 6.27
2014-07-31 41.89 -4.43 5.55
2014-04-30 41.48 -4.67 5.37
2014-01-31 42.19 0.72 5.22
2013-10-31 41.70 1.04 5.11
2013-07-31 40.28 1.08 4.87
2013-04-30 39.46 0.16 4.72
2013-01-31 44.15 -1.52 4.58
2012-10-31 41.45 -3.12 4.54
2012-07-31 40.96 -2.18 4.47

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst First Hartford made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • First Hartford used its assets more efficiently than the US Real Estate industry average last year based on Return on Assets.
  • First Hartford has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Show me more strong past performing companies in the Real Estate industry
X
Past performance checks
We assess First Hartford's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Hartford has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is First Hartford's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up First Hartford's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • First Hartford is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • First Hartford's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of First Hartford's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Hartford Company Filings, last reported 9 months ago.

OTCPK:FHRT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-07-31 4.21 224.11 7.69
2018-04-30 0.10 227.92 7.21
2018-01-31 -3.21 237.47 6.96
2017-10-31 -2.86 230.80 6.25
2017-07-31 -1.37 221.68 7.15
2017-04-30 -1.39 229.75 6.25
2017-01-31 -0.63 226.19 7.45
2016-10-31 -3.28 223.32 6.02
2016-07-31 -4.13 226.38 5.57
2016-04-30 -4.55 224.42 5.98
2016-01-31 -3.50 216.24 5.46
2015-10-31 -3.51 208.51 6.30
2015-07-31 -2.56 207.53 6.93
2015-04-30 -4.11 204.66 9.70
2015-01-31 -11.68 213.72 6.12
2014-10-31 -15.47 204.65 6.40
2014-07-31 -19.43 205.77 5.95
2014-04-30 -19.44 201.74 6.50
2014-01-31 -14.77 202.75 6.16
2013-10-31 -13.75 203.06 6.24
2013-07-31 -13.03 204.17 6.66
2013-04-30 -12.76 206.37 8.35
2013-01-31 1.34 141.59 4.54
2012-10-31 2.05 142.02 5.95
2012-07-31 -2.37 144.53 1.87
  • First Hartford's level of debt (5317.5%) compared to net worth is high (greater than 40%).
  • First Hartford had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (2.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess First Hartford's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. First Hartford has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from First Hartford dividends.
If you bought $2,000 of First Hartford shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate First Hartford's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate First Hartford's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FHRT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as First Hartford has not reported any payouts.
  • Unable to verify if First Hartford's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of First Hartford's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as First Hartford has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Hartford's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Hartford afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. First Hartford has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • First Hartford has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the First Hartford management team in years:

4.1
Average Tenure
48
Average Age
  • The tenure for the First Hartford management team is about average.
Management Team

John Toic

TITLE
President & Director
COMPENSATION
$487K
AGE
46
TENURE
4.3 yrs

Eric Harrington

TITLE
CFO & Treasurer
COMPENSATION
$171K
AGE
48
TENURE
3.9 yrs

Jeff Carlson

TITLE
General Counsel
COMPENSATION
$254K
AGE
63
TENURE
19.3 yrs

William Connolly

TITLE
Director
COMPENSATION
$210K
AGE
69

Jonathan Bellock

TITLE
VP & Director
COMPENSATION
$170K
AGE
32
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the First Hartford board of directors in years:

4.3
Average Tenure
63
Average Age
  • The tenure for the First Hartford board of directors is about average.
Board of Directors

Neil Ellis

TITLE
Chairman
COMPENSATION
$399K
AGE
90
TENURE
4.3 yrs

John Toic

TITLE
President & Director
COMPENSATION
$487K
AGE
46
TENURE
4.3 yrs

Jeff Carlson

TITLE
General Counsel
COMPENSATION
$254K
AGE
63
TENURE
4.3 yrs

William Connolly

TITLE
Director
COMPENSATION
$210K
AGE
69
TENURE
4.3 yrs

Jonathan Bellock

TITLE
VP & Director
COMPENSATION
$170K
AGE
32
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess First Hartford's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. First Hartford has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

First Hartford Corporation, together with its subsidiaries, engages in the purchase, development, ownership, management, and sale of real estate properties in the United States. It operates through two segments, Real Estate Operations and Fee for Service. The company owns interests in various properties, which are used as shopping centers, colleges, restaurants, police stations, and apartments located in Connecticut, Delaware, Louisiana, Massachusetts, Missouri, New York, New Jersey, Rhode Island, and Texas. It also provides preferred developer services for corporate franchise operators, as well as owns and operates a movie theater, a liquor store, and a restaurant. First Hartford Corporation was incorporated in 1909 and is based in Manchester, Connecticut.

Details
Name: First Hartford Corporation
FHRT
Exchange: OTCPK
Founded: 1909
$5,198,519
2,315,599
Website: http://www.firsthartford.com
Address: First Hartford Corporation
149 Colonial Road,
Manchester,
Connecticut, 06042,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FHRT Common Stock Pink Sheets LLC US USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
156
First Hartford employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/25 23:36
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2018/09/28
Last earnings reported: 2018/07/31
Last annual earnings reported: 2018/04/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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