company background image
FGL

Finbond GroupJSE:FGL Stock Report

Market Cap

R1.3b

7D

0%

1Y

21.3%

Updated

19 Oct, 2021

Data

Company Financials
FGL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

FGL Overview

Finbond Group Limited operates as a financial services institution.

Finbond Group Competitors

Sanlam

JSE:SLM

R128.1b

Old Mutual

JSE:OMU

R75.0b

Net 1 UEPS Technologies

NasdaqGS:UEPS

US$298.7m

Bayport Management

MUSE:BAYP.N0000

US$116.8m

Price History & Performance

Summary of all time highs, changes and price drops for Finbond Group
Historical stock prices
Current Share PriceR1.48
52 Week HighR0.91
52 Week LowR1.95
Beta0.18
1 Month Change2.78%
3 Month Change14.73%
1 Year Change21.31%
3 Year Change-59.00%
5 Year Change-40.80%
Change since IPO-34.22%

Recent News & Updates

Jul 24
Should Shareholders Reconsider Finbond Group Limited's (JSE:FGL) CEO Compensation Package?

Should Shareholders Reconsider Finbond Group Limited's (JSE:FGL) CEO Compensation Package?

The results at Finbond Group Limited ( JSE:FGL ) have been quite disappointing recently and CEO Willie Van Aardt bears...

Shareholder Returns

FGLZA MortgageZA Market
7D0%0.5%1.0%
1Y21.3%14.1%20.8%

Return vs Industry: FGL exceeded the ZA Mortgage industry which returned 11.6% over the past year.

Return vs Market: FGL matched the ZA Market which returned 20.7% over the past year.

Price Volatility

Is FGL's price volatile compared to industry and market?
FGL volatility
FGL Beta0.18
Industry Beta1.05
Market Beta1

Stable Share Price: FGL is more volatile than 90% of ZA stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: FGL's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
20011,909Willie Van Aardthttps://finbondgroup.com

Finbond Group Limited operates as a financial services institution. It operates in four segments: Investment Products, Lending, Property Investment, and Transactional Banking. The company offers short-term unsecured and secured lending services, as well as micro credit, insurance, and savings and investment products.

Finbond Group Fundamentals Summary

How do Finbond Group's earnings and revenue compare to its market cap?
FGL fundamental statistics
Market CapR1.26b
Earnings (TTM)-R295.40m
Revenue (TTM)R1.87b

1.2x

P/B Ratio

0.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FGL income statement (TTM)
RevenueR1.87b
Cost of RevenueR1.75b
Gross ProfitR113.68m
ExpensesR409.08m
Earnings-R295.40m

Last Reported Earnings

Feb 28, 2021

Next Earnings Date

Oct 31, 2021

Earnings per share (EPS)-0.35
Gross Margin6.09%
Net Profit Margin-15.82%
Debt/Equity Ratio121.0%

How did FGL perform over the long term?

See historical performance and comparison

Valuation

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

1.24x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FGL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FGL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FGL is unprofitable, so we can't compare its PE Ratio to the Global Mortgage industry average.

PE vs Market: FGL is unprofitable, so we can't compare its PE Ratio to the ZA market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FGL is overvalued based on its PB Ratio (1.2x) compared to the XF Mortgage industry average (1x).


Future Growth

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

3.5%

Forecasted Banks 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 Finbond Group 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 Finbond Group performed over the past 5 years?

-45.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FGL is currently unprofitable.

Growing Profit Margin: FGL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FGL is unprofitable, and losses have increased over the past 5 years at a rate of 45.3% per year.

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

Earnings vs Industry: FGL is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (28.3%).


Return on Equity

High ROE: FGL has a negative Return on Equity (-20.81%), as it is currently unprofitable.


Financial Health

How is Finbond Group'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


Financial Institutions Analysis

Asset Level: FGL's Assets to Equity ratio (3.6x) is low.

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

Low Risk Liabilities: FGL reports no customer deposits, 100% of its liabilities are made up of higher risk sources of funding.

Loan Level: Insufficient data to determine if FGL has an appropriate level of Loans to Assets ratio.

Low Risk Deposits: FGL reports no customer deposits, loans are made up entirely of externally borrowed funds.

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


Dividend

What is Finbond Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: FGL is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

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


Next Steps

Management

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

3.1yrs

Average board tenure


CEO

Willie Van Aardt (48 yo)

no data

Tenure

R45,857,000

Compensation

Dr. Willem Van Aardt, also known as Willie, B. Proc (Cum Laude), LLM, LLD, QLTT (UK) serves as the Chief Executive Officer of Finbond Group Limited. Dr. Van Aardt founded Finbond in January 2003. He served...


CEO Compensation Analysis

Compensation vs Market: Willie's total compensation ($USD3.16M) is above average for companies of similar size in the ZA market ($USD278.96K).

Compensation vs Earnings: Willie's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: FGL's board of directors are considered experienced (3.1 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.


Top Shareholders

Company Information

Finbond Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Finbond Group Limited
  • Ticker: FGL
  • Exchange: JSE
  • Founded: 2001
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: R1.264b
  • Shares outstanding: 854.12m
  • Website: https://finbondgroup.com

Number of Employees


Location

  • Finbond Group Limited
  • Rigel Office Park
  • 446 Rigel Avenue South
  • Pretoria
  • Gauteng
  • 181
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:44
End of Day Share Price2021/10/19 00:00
Earnings2021/02/28
Annual Earnings2021/02/28


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.