Finbond Group Limited operates as a financial services institution.
No risks detected for FGL from our risk checks.
Solid track record with worrying balance sheet.
Share Price & News
How has Finbond Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FGL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FGL underperformed the ZA Mortgage industry which returned -21.5% over the past year.
Return vs Market: FGL underperformed the ZA Market which returned -22.3% over the past year.
Price Volatility Vs. Market
How volatile is Finbond Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StDon't Sell Finbond Group Limited (JSE:FGL) Before You Read This
1 month ago | Simply Wall StThe Finbond Group (JSE:FGL) Share Price Is Down 56% So Some Shareholders Are Wishing They Sold
3 months ago | Simply Wall StOur Take On Finbond Group Limited's (JSE:FGL) CEO Salary
Is Finbond Group 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: FGL (ZAR2.53) is trading above our estimate of fair value (ZAR0.71)
Significantly Below Fair Value: FGL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FGL is poor value based on its PE Ratio (24x) compared to the Mortgage industry average (10.4x).
PE vs Market: FGL is poor value based on its PE Ratio (24x) compared to the ZA market (8.1x).
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 (1.6x) compared to the XF Mortgage industry average (0.8x).
How is Finbond Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Finbond Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FGL has high quality earnings.
Growing Profit Margin: FGL's current net profit margins (3.7%) are higher than last year (1.4%).
Past Earnings Growth Analysis
Earnings Trend: FGL's earnings have grown by 4.4% per year over the past 5 years.
Accelerating Growth: FGL's earnings growth over the past year (166.3%) exceeds its 5-year average (4.4% per year).
Earnings vs Industry: FGL earnings growth over the past year (166.3%) exceeded the Mortgage industry 6.1%.
Return on Equity
High ROE: FGL's Return on Equity (12.6%) is considered low.
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
Financial Institutions Analysis
Asset Level: FGL's Assets to Equity ratio (2.7x) 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.
What is Finbond Group's 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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Willie Van Aardt (46yo)
Dr. Willem Van Aardt, also known as Willie, B. Proc (Cum Laude), LLM, LLD, QLTT (UK) serves as the Finbond Group Limited. Dr. Van Aardt founded Finbond in January 2003. He served as a Secretary of Finbond ...
CEO Compensation Analysis
Compensation vs Market: Willie's total compensation ($USD1.99M) is above average for companies of similar size in the ZA market ($USD284.59K).
Compensation vs Earnings: Willie's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||no data||R35.17m||no data|
|CFO, Financial Director & Executive Director||1.42yrs||R7.37m||no data|
|Independent Non-Executive Director||4.08yrs||no data||no data|
|Independent Non-Executive Chairman||no data||R700.00k||no data|
|Independent Non Executive Director||0.67yr||R180.00k||no data|
|Non-Executive Director||no data||R1.82m||no data|
|Independent Non-Executive Director||8.33yrs||R569.00k||no data|
|Independent Non-Executive Director||1.92yrs||R143.00k||no data|
Experienced Board: FGL's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Finbond Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Finbond Group Limited
- Ticker: FGL
- Exchange: JSE
- Founded: 2001
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: R2.219b
- Shares outstanding: 877.26m
- Website: https://www.finbondlimited.co.za
Number of Employees
- Finbond Group Limited
- Rigel Office Park
- 446 Rigel Avenue South
- South Africa
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FGL||JSE (The Johannesburg Securities Exchange)||Yes||Ordinary Shares||ZA||ZAR||Jun 2007|
Finbond Group Limited operates as a financial services institution. The company offers short-term unsecured lending, transactional banking, and secured lending services, as well as insurance, and savings and investment products. It also provides mobile phone and Internet banking services. The company operates through 435 branches in South Africa and 259 branches in North America. Finbond Group Limited was incorporated in 2001 and is based in Pretoria, the Republic of South Africa.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 18:54|
|End of Day Share Price||2020/05/29 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.