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FSA Group

ASX:FSA
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSA
ASX
A$128M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

FSA Group Limited, together with its subsidiaries, engages in the provision of debt solutions and direct lending services to individuals in Australia. The last earnings update was 89 days ago. More info.


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FSA Share Price and Events
7 Day Returns
-0.5%
ASX:FSA
-0.9%
AU Consumer Finance
-0.1%
AU Market
1 Year Returns
-5.6%
ASX:FSA
57.6%
AU Consumer Finance
16.5%
AU Market
FSA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FSA Group (FSA) -0.5% 0% -2.4% -5.6% -9.7% -1%
AU Consumer Finance -0.9% -2.2% 10.7% 57.6% 29.9% 35.1%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • FSA underperformed the Consumer Finance industry which returned 57.6% over the past year.
  • FSA underperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
FSA
Industry
5yr Volatility vs Market

Value

 Is FSA Group 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 FSA Group 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 FSA Group.

ASX:FSA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$0.60 * 19.7%
A$0.12
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.60
Discount Rate (Cost of Equity) See below 13.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

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 ASX:FSA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 30%) (328.67%))
1.858
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.858 * 5.96%)
13.39%

Discounted Cash Flow Calculation for ASX:FSA using Excess Returns Model Model

The calculations below outline how an intrinsic value for FSA Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:FSA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.7% – 13.39%) * A$0.60)
A$0.04
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.04 / (13.39% - 2.31%)
A$0.34
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.60 + A$0.34
A$0.94
ASX:FSA Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.94
Current discount Discount to share price of A$1.02
= -1 x (A$1.02 - A$0.94) / A$0.94
-9.1%

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

  • The current share price of FSA Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 FSA Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FSA Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FSA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.12
ASX:FSA Share Price ** ASX (2019-11-18) in AUD A$1.02
Australia Consumer Finance Industry PE Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 13.1x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.7x

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

** Primary Listing of FSA Group.

ASX:FSA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:FSA Share Price ÷ EPS (both in AUD)

= 1.02 ÷ 0.12

8.85x

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

  • FSA Group is good value based on earnings compared to the AU Consumer Finance industry average.
  • FSA Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does FSA Group's expected growth come at a high price?
Raw Data
ASX:FSA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
6.5%per year
Australia Consumer Finance Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 1.03x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

ASX:FSA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.85x ÷ 6.5%

1.37x

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

  • FSA Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FSA Group's assets?
Raw Data
ASX:FSA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.41
ASX:FSA Share Price * ASX (2019-11-18) in AUD A$1.02
Australia Consumer Finance Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Finance Companies 2.06x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:FSA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:FSA Share Price ÷ Book Value per Share (both in AUD)

= 1.02 ÷ 0.41

2.5x

* Primary Listing of FSA Group.

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

  • FSA Group is overvalued based on assets compared to the AU Consumer Finance industry average.
X
Value checks
We assess FSA Group'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 Consumer Finance 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 Consumer Finance industry average (and greater than 0)? (1 check)
  5. FSA Group has a total score of 2/6, 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 FSA Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FSA Group expected to grow at an attractive rate?
  • FSA Group's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • FSA Group's earnings growth is positive but not above the Australia market average.
  • FSA Group's revenue growth is positive but not above the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FSA Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FSA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 6.5%
ASX:FSA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.2%
Australia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 45.9%
Australia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 22.4%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
ASX:FSA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FSA Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 76 20 18 1
2021-06-30 73 19 17 1
2020-06-30 70 20 16 1
ASX:FSA Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 69 17 14
2019-03-31 69 17 15
2018-12-31 78 17 19
2018-09-30 76 16 17
2018-06-30 66 15 13
2018-03-31 68 13 13
2017-12-31 70 12 14
2017-09-30 71 11 14
2017-06-30 72 11 15
2017-03-31 68 10 14
2016-12-31 65 10 13
2016-09-30 62 11 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FSA Group's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • FSA Group's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).
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
ASX:FSA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from FSA Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FSA Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.14 0.14 0.14 1.00
2021-06-30 0.13 0.13 0.13 1.00
2020-06-30 0.12 0.12 0.12 1.00
ASX:FSA Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.12
2019-03-31 0.12
2018-12-31 0.15
2018-09-30 0.14
2018-06-30 0.10
2018-03-31 0.10
2017-12-31 0.11
2017-09-30 0.12
2017-06-30 0.12
2017-03-31 0.11
2016-12-31 0.10
2016-09-30 0.09

*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.
  • FSA Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess FSA Group'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 Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia 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.
FSA Group has a total score of 2/6, 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 FSA Group performed over the past 5 years?

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 FSA Group's growth in the last year to its industry (Consumer Finance).
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.
  • FSA Group's year on year earnings growth rate has been positive over the past 5 years.
  • FSA Group's 1-year earnings growth exceeds its 5-year average (14.3% vs 3.5%)
  • FSA Group's earnings growth has exceeded the Oceania Consumer Finance industry average in the past year (14.3% vs 14.2%).
Earnings and Revenue History
FSA Group'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 FSA Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FSA Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 69.12 14.41 15.67
2019-03-31 69.14 14.62 15.46
2018-12-31 77.54 18.59 18.37
2018-09-30 76.15 17.48 18.31
2018-06-30 66.39 12.61 15.12
2018-03-31 68.20 13.06 16.39
2017-12-31 70.01 13.51 17.66
2017-09-30 71.03 14.43 18.03
2017-06-30 72.04 15.35 18.39
2017-03-31 68.30 14.06 17.88
2016-12-31 64.56 12.76 17.36
2016-09-30 62.14 11.71 16.90
2016-06-30 59.71 10.66 16.43
2015-12-31 58.18 11.23 14.69
2015-09-30 60.25 12.09 15.00
2015-06-30 62.31 12.94 15.31
2015-03-31 69.16 14.63 16.73
2014-12-31 68.70 14.57 16.54
2014-09-30 67.08 14.03 16.06
2014-06-30 65.47 13.48 15.58
2014-03-31 64.92 12.90 16.28
2013-12-31 64.37 12.32 16.98
2013-09-30 64.40 11.54 18.19
2013-06-30 64.42 10.76 19.41
2013-03-31 63.10 9.94 19.78
2012-12-31 61.78 9.13 20.15

*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 FSA Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • FSA Group used its assets less efficiently than the AU Consumer Finance industry average last year based on Return on Assets.
  • Unable to establish if FSA Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess FSA Group'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 Consumer Finance 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.
FSA Group has a total score of 3/6, 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 FSA Group'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 FSA Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FSA Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FSA Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FSA Group'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.
  • Low level of unsold assets.
  • 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 FSA Group Company Filings, last reported 4 months ago.

ASX:FSA Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 54.11 419.36 12.07
2019-03-31 54.11 419.36 12.07
2018-12-31 50.77 406.72 8.30
2018-09-30 50.77 406.72 8.30
2018-06-30 46.79 390.04 9.80
2018-03-31 46.79 390.04 9.80
2017-12-31 85.79 364.71 10.09
2017-09-30 85.79 364.71 10.09
2017-06-30 83.26 325.57 9.07
2017-03-31 83.26 325.57 9.07
2016-12-31 79.63 298.71 12.40
2016-09-30 79.63 298.71 12.40
2016-06-30 76.76 274.99 17.38
2015-12-31 73.45 282.68 13.01
2015-09-30 73.45 282.68 13.01
2015-06-30 71.37 264.97 19.82
2015-03-31 71.37 265.01 19.85
2014-12-31 67.91 252.77 18.69
2014-09-30 67.91 252.77 18.69
2014-06-30 64.95 242.41 21.19
2014-03-31 64.95 242.41 21.19
2013-12-31 61.10 239.42 23.64
2013-09-30 61.10 239.42 23.64
2013-06-30 58.76 243.62 23.09
2013-03-31 58.76 243.62 23.09
2012-12-31 55.01 256.47 22.78
  • FSA Group's level of debt (775%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (373.2% vs 775% today).
  • Debt is not well covered by operating cash flow (4.1%, less than 20% of total debt).
  • Unable to confirm if the interest payments on FSA Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess FSA Group'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. FSA Group has a total score of 1/6, 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 FSA Group'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
4.9%
Current annual income from FSA Group dividends. Estimated to be 5.39% next year.
If you bought A$2,000 of FSA Group shares you are expected to receive A$98 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?
  • FSA Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.37%).
  • FSA Group's dividend is below the markets top 25% of dividend payers in Australia (5.62%).
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
ASX:FSA 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 1 Analyst Estimates (S&P Global) See Below
Australia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.2%
Australia Market Average Dividend Yield Market Cap Weighted Average of 390 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

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

ASX:FSA Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.06 1.00
2021-06-30 0.06 1.00
2020-06-30 0.05 1.00
ASX:FSA Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-22 0.050 4.801
2019-02-27 0.060 5.646
2018-08-23 0.070 6.037
2018-02-09 0.070 4.905
2017-08-18 0.070 4.651
2017-02-23 0.070 5.135
2016-08-23 0.070 5.755
2015-08-24 0.065 5.912
2014-08-22 0.060 5.017
2013-08-30 0.065 5.544
2013-02-22 0.035 4.923
2012-08-27 0.031 7.070
2012-02-24 0.013 3.814
2011-08-30 0.010 3.646

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

  • FSA Group has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but FSA Group only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of FSA Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess FSA Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - 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 FSA Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FSA Group has a total score of 3/6, 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 FSA Group'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.
  • FSA Group has no CEO, or we have no data on them.
Management Team

Cellina Chen

TITLE
CFO & Company Secretary
COMPENSATION
A$416K
TENURE
8.3 yrs

Deborah Southon

TITLE
Executive Director
COMPENSATION
A$913K

Tim Maher

TITLE
Executive Director
COMPENSATION
A$873K

Corrie Hassan

TITLE
Head of Business Lending

Nino Eid

TITLE
Refinance Manager
Board of Directors Tenure

Average tenure of the FSA Group board of directors in years:

16.4
Average Tenure
  • The average tenure for the FSA Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Sam Doumany

TITLE
Non-Executive Chairman
COMPENSATION
A$159K
AGE
82
TENURE
16.4 yrs

Deborah Southon

TITLE
Executive Director
COMPENSATION
A$913K
TENURE
17.3 yrs

Tim Maher

TITLE
Executive Director
COMPENSATION
A$873K
TENURE
17.3 yrs

Stan Kalinko

TITLE
Non-Executive Director
COMPENSATION
A$100K
AGE
77
TENURE
12.5 yrs

David Bower

TITLE
Independent Non-Executive Director
COMPENSATION
A$82K
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FSA Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
08. Oct 19 Buy David Bower Individual 04. Oct 19 04. Oct 19 70,000 A$1.03 A$72,438
30. Nov 18 Buy Deborah Southon Individual 29. Nov 18 29. Nov 18 100,000 A$1.06 A$106,500
29. Nov 18 Sell Perpetual Limited Company 06. Jul 18 22. Nov 18 -114,580 A$1.46 A$-127,077
X
Management checks
We assess FSA Group'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. FSA Group 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

Imagine Owning FSA Group (ASX:FSA) And Wondering If The 26% Share Price Slide Is Justified

Unfortunately the FSA Group Limited (ASX:FSA) share price slid 26% over twelve months. … Even though the FSA Group share price is down over the year, its EPS actually improved. … We note that for FSA Group the TSR over the last year was -22%, which is better than the share price return mentioned above.

Simply Wall St -

Can We See Significant Insider Ownership On The FSA Group Limited (ASX:FSA) Share Register?

Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. … Check out our latest analysis for FSA Group ASX:FSA Ownership Summary, June 13th 2019 What Does The Institutional Ownership Tell Us About FSA Group? … Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual.

Simply Wall St -

Is FSA Group Limited's (ASX:FSA) P/E Ratio Really That Good?

FSA Group has a price to earnings ratio of 7.34, based on the last twelve months. … See our latest analysis for FSA Group How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for FSA Group: P/E of 7.34 = A$1.09 ÷ A$0.15 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good?

Simply Wall St -

The FSA Group (ASX:FSA) Share Price Is Down 25% So Some Shareholders Are Getting Worried

Unfortunately the FSA Group Limited (ASX:FSA) share price slid 25% over twelve months. … During the unfortunate twelve months during which the FSA Group share price fell, it actually saw its earnings per share (EPS) improve by 38%. … We don't see any weakness in the FSA Group's dividend so the steady payout can't really explain the share price drop.

Simply Wall St -

Have Insiders Been Buying FSA Group Limited (ASX:FSA) Shares This Year?

The Last 12 Months Of Insider Transactions At FSA Group. … So it's clear an insider wanted to buy, at around the current price, which is AU$1.09. … In this case we're pleased to report that the insider bought shares at close to current prices

Simply Wall St -

At AU$1.03, Is It Time To Put FSA Group Limited (ASX:FSA) On Your Watch List?

saw significant share price movement during recent months on the ASX, rising to highs of A$1.16 and falling to the lows of A$1.02. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at FSA Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Does FSA Group Limited (ASX:FSA) Have A Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Looking At FSA Group Limited (ASX:FSA) From All Angles

Help shape the future of investing tools and receive a $20 prize! … FSA Group Limited (ASX:FSA) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects.

Simply Wall St -

Do You Know What FSA Group Limited's (ASX:FSA) P/E Ratio Means?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … How Do I Calculate A Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

FSA Group Limited (ASX:FSA): Is It A Smart Long Term Opportunity?

Looking at FSA Group Limited's (ASX:FSA) earnings update in June 2018,. … as a 12% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 4.9%

Simply Wall St -

Company Info

Description

FSA Group Limited, together with its subsidiaries, engages in the provision of debt solutions and direct lending services to individuals in Australia. The company operates through Services and Consumer Lending segments. The Services segment offers informal and debt agreement, personal insolvency agreement, and bankruptcy services. The Consumer Lending segment is involved in the home loan lending and broking, and personal loan lending activities. The company also provides accounting and taxation services. FSA Group Limited is headquartered in Sydney, Australia.

Details
Name: FSA Group Limited
FSA
Exchange: ASX
Founded:
A$127,594,462
125,092,610
Website: http://www.fsagroup.com.au
Address: FSA Group Limited
70 Phillip Street,
Level 3,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FSA Ordinary Shares Australian Securities Exchange AU AUD 01. Aug 2002
CHIA FSA Ordinary Shares Chi-X Australia AU AUD 01. Aug 2002
Number of employees
Current staff
Staff numbers
164
FSA Group employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:31
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/08/29
Last earnings filing: 2019/08/22
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.