First Derivatives plc provides software and consulting services internationally.
Solid track record average dividend payer.
Share Price & News
How has First Derivatives's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FDRV.F has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how FDRV.F performed against the US Software industry.
Return vs Market: Insufficient data to determine how FDRV.F performed against the US Market.
Price Volatility Vs. Market
How volatile is First Derivatives's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is First Derivatives undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FDRV.F ($39.04) is trading above our estimate of fair value ($12.22)
Significantly Below Fair Value: FDRV.F is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FDRV.F is poor value based on its PE Ratio (54.8x) compared to the Software industry average (45.3x).
PE vs Market: FDRV.F is poor value based on its PE Ratio (54.8x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: FDRV.F is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: FDRV.F is good value based on its PB Ratio (4.9x) compared to the US Software industry average (5.5x).
How is First Derivatives forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FDRV.F's forecast earnings growth (16.6% per year) is above the savings rate (1.7%).
Earnings vs Market: FDRV.F's earnings (16.6% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: FDRV.F's earnings are forecast to grow, but not significantly.
Revenue vs Market: FDRV.F's revenue (11% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: FDRV.F's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FDRV.F's Return on Equity is forecast to be low in 3 years time (14.7%).
How has First Derivatives performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FDRV.F has high quality earnings.
Growing Profit Margin: FDRV.F's current net profit margins (6.1%) are higher than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: FDRV.F's earnings have grown by 0.7% per year over the past 5 years.
Accelerating Growth: FDRV.F's earnings growth over the past year (20.1%) exceeds its 5-year average (0.7% per year).
Earnings vs Industry: FDRV.F earnings growth over the past year (20.1%) exceeded the Software industry 19%.
Return on Equity
High ROE: FDRV.F's Return on Equity (8.8%) is considered low.
Return on Assets
Return on Capital Employed
How is First Derivatives's financial position?
Financial Position Analysis
Short Term Liabilities: FDRV.F's short term assets (£84.3M) exceed its short term liabilities (£50.6M).
Long Term Liabilities: FDRV.F's short term assets (£84.3M) do not cover its long term liabilities (£110.1M).
Debt to Equity History and Analysis
Debt Level: FDRV.F's debt to equity ratio (51.2%) is considered high.
Reducing Debt: FDRV.F's debt to equity ratio has increased from 20.3% to 51.2% over the past 5 years.
Debt Coverage: FDRV.F's debt is well covered by operating cash flow (34.2%).
Interest Coverage: FDRV.F's interest payments on its debt are well covered by EBIT (10.7x coverage).
Inventory Level: FDRV.F has a low level of unsold assets or inventory.
Debt Coverage by Assets: FDRV.F's debt is covered by short term assets (assets are 1x debt).
What is First Derivatives's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FDRV.F's dividend (0.93%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: FDRV.F's dividend (0.93%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: FDRV.F's dividends per share have been stable in the past 10 years.
Growing Dividend: FDRV.F's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.5%), FDRV.F's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FDRV.F's dividends in 3 years are forecast to be well covered by earnings (33.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Seamus Keating (55yo)
Mr. Seamus Declan Keating served as Executive Chairman of the Board of First Derivatives Plc since July 29, 2019 and served as Non-Executive Chairman since July 18, 2013 until July 29, 2019. He has been Ch ...
|CEO & Director||0.08yrs||UK£100.00k||0.093% £920.7k|
|CFO & Director||11.4yrs||UK£513.00k||0.37% £3.6m|
|Non-Executive Director||4.9yrs||UK£76.00k||0.013% £128.9k|
|Independent Chairman||0.08yrs||UK£75.00k||0.00033% £3.3k|
|Non-Executive Director||4.9yrs||UK£60.00k||0.17% £1.7m|
Experienced Board: FDRV.F's board of directors are considered experienced (4.9 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
First Derivatives plc's company bio, employee growth, exchange listings and data sources
- Name: First Derivatives plc
- Ticker: FDRV.F
- Exchange: OTCPK
- Founded: 1996
- Industry: Application Software
- Sector: Software
- Market Cap: UK£766.993m
- Listing Market Cap: UK£987.464m
- Shares outstanding: 27.15m
- Website: https://www.firstderivatives.com
Number of Employees
- First Derivatives plc
- 3 Canal Quay
- County Down
- BT35 6BP
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FDP||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Mar 2002|
|GYQ||ISE (Irish Stock Exchange)||Yes||Ordinary Shares||IE||EUR||Mar 2002|
|FDRV.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Mar 2002|
First Derivatives plc provides software and consulting services internationally. The company operates through Consulting and Software segments. It provides kdb+, an in-memory, time-series database. The company also designs, develops, implements, and supports a range of data and trading systems for front, middle, and back-office operations. In addition, it provides capital markets consulting and managed services, as well as intellectual property and related services. The company serves finance, technology, retail, pharma, manufacturing, telecom, digital marketing, utilities, Industrial Internet of Things, and energy markets. First Derivatives plc was founded in 1996 and is headquartered in Newry, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/28 01:56|
|End of Day Share Price||2020/02/27 00:00|
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.