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Fiducian Group

CHIA:FID
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FID
CHIA
A$191M
Market Cap
  1. Home
  2. AU
  3. Diversified Financials
Company description

Fiducian Group Limited, through its subsidiaries, operates as a financial services company in Australia and India. The last earnings update was 3 days ago. More info.


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FID Share Price and Events
7 Day Returns
5.5%
CHIA:FID
0.1%
AU Capital Markets
0.7%
AU Market
1 Year Returns
18.5%
CHIA:FID
18.5%
AU Capital Markets
15.8%
AU Market
FID Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fiducian Group (FID) 5.5% 10.3% - 18.5% - 229.2%
AU Capital Markets 0.1% 2.3% 9.5% 18.5% 68.9% 103.6%
AU Market 0.7% 0.4% 6.5% 15.8% 19.1% 17.1%
1 Year Return vs Industry and Market
  • FID matched the Capital Markets industry (18.5%) over the past year.
  • FID outperformed the Market in Australia which returned 15.8% over the past year.
Price Volatility
FID
Industry
5yr Volatility vs Market

FID Value

 Is Fiducian 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 Fiducian 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 Fiducian Group.

CHIA:FID 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$1.00 * 29.5%
A$0.29
Book Value of Equity per Share Median Book Value from the past 5 years. A$1.00
Discount Rate (Cost of Equity) See below 5.8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

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 CHIA:FID
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.772 (1 + (1- 30%) (4.01%))
0.861
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.861 * 5.44%)
5.77%

Discounted Cash Flow Calculation for CHIA:FID using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fiducian 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.

CHIA:FID Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (29.5% – 5.77%) * A$1.00)
A$0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.24 / (5.77% - 1.08%)
A$5.06
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$1.00 + A$5.06
A$6.05
CHIA:FID Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in CHIA:FID represents 1.00329x of ASX:FID
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00329x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 6.05 x 1.00329
A$6.07
Value per share (AUD) From above. A$6.07
Current discount Discount to share price of A$6.09
= -1 x (A$6.09 - A$6.07) / A$6.07
-0.3%

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

  • The current share price of Fiducian 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 Fiducian Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fiducian Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CHIA:FID PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.34
ASX:FID Share Price ** ASX (2020-02-20) in AUD A$6.07
Australia Capital Markets Industry PE Ratio Median Figure of 20 Publicly-Listed Capital Markets Companies 20.54x
Australia Market PE Ratio Median Figure of 521 Publicly-Listed Companies 18.58x

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

** Primary Listing of Fiducian Group.

CHIA:FID PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.07 ÷ 0.34

17.79x

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

  • Fiducian Group is good value based on earnings compared to the AU Capital Markets industry average.
  • Fiducian Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Fiducian Group's expected growth come at a high price?
Raw Data
CHIA:FID PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
15.1%per year
Australia Capital Markets Industry PEG Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 2.63x
Australia Market PEG Ratio Median Figure of 345 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

CHIA:FID PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.79x ÷ 15.1%

1.18x

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

  • Fiducian Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fiducian Group's assets?
Raw Data
CHIA:FID PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$1.17
ASX:FID Share Price * ASX (2020-02-20) in AUD A$6.07
Australia Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 2.21x
Australia Market PB Ratio Median Figure of 1,599 Publicly-Listed Companies 1.71x
CHIA:FID PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.07 ÷ 1.17

5.21x

* Primary Listing of Fiducian Group.

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

  • Fiducian Group is overvalued based on assets compared to the AU Capital Markets industry average.
X
Value checks
We assess Fiducian 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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Fiducian 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.

FID Future Performance

 How is Fiducian 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
15.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fiducian Group expected to grow at an attractive rate?
  • Fiducian Group's earnings growth is expected to exceed the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Fiducian Group's earnings growth is expected to exceed the Australia market average.
  • Fiducian Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
CHIA:FID Future Growth Rates Data Sources
Data Point Source Value (per year)
CHIA:FID Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 15.1%
CHIA:FID Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.5%
Australia Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 7%
Australia Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.2%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*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
CHIA:FID Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
CHIA:FID Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 65 16 1
2021-06-30 59 14 1
2020-06-30 55 12 1
2020-02-20
CHIA:FID Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 53 12 11
2019-09-30 51 12 11
2019-06-30 49 11 10
2019-03-31 49 11 10
2018-12-31 48 10 10
2018-09-30 47 10 10
2018-06-30 46 10 9
2018-03-31 45 10 9
2017-12-31 43 10 8
2017-09-30 42 9 8
2017-06-30 41 9 8
2017-03-31 39 8 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fiducian Group's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
  • Fiducian Group's revenue is expected to grow by 8.5% 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
CHIA:FID Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Fiducian Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:FID Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.50 0.50 0.50 1.00
2021-06-30 0.45 0.45 0.45 1.00
2020-06-30 0.38 0.38 0.38 1.00
2020-02-20
CHIA:FID Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.34
2019-09-30 0.34
2019-06-30 0.33
2019-03-31 0.32
2018-12-31 0.32
2018-09-30 0.30
2018-06-30 0.29
2018-03-31 0.28
2017-12-31 0.27
2017-09-30 0.25
2017-06-30 0.24
2017-03-31 0.23

*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.
  • Fiducian Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fiducian 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.
Fiducian Group has a total score of 4/6, 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.

FID Past Performance

  How has Fiducian 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 Fiducian Group's growth in the last year to its industry (Capital Markets).
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.
  • Fiducian Group's year on year earnings growth rate has been positive over the past 5 years.
  • Fiducian Group's 1-year earnings growth is less than its 5-year average (8.6% vs 19.1%)
  • Fiducian Group's earnings growth has exceeded the AU Capital Markets industry average in the past year (8.6% vs 7.7%).
Earnings and Revenue History
Fiducian 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 Fiducian Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CHIA:FID Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 52.60 10.71 1.07
2019-09-30 51.00 10.53 1.07
2019-06-30 49.40 10.35 1.07
2019-03-31 48.76 10.11 1.07
2018-12-31 48.12 9.87 1.07
2018-09-30 47.00 9.53 1.07
2018-06-30 45.87 9.20 1.07
2018-03-31 44.54 8.81 1.01
2017-12-31 43.20 8.41 0.94
2017-09-30 41.98 7.96 0.94
2017-06-30 40.75 7.51 0.94
2017-03-31 39.42 7.04 0.93
2016-12-31 38.09 6.57 0.93
2016-09-30 36.77 6.21 0.93
2016-06-30 35.45 5.84 0.93
2016-03-31 33.34 5.58 1.04
2015-12-31 31.23 5.32 1.16
2015-09-30 28.74 4.97 1.16
2015-06-30 26.25 4.62 1.16
2015-03-31 25.20 4.38 1.03
2014-12-31 24.15 4.13 0.91
2014-09-30 23.51 4.06 0.91
2014-06-30 22.87 3.98 0.91
2014-03-31 22.54 3.77 0.93
2013-12-31 22.20 3.56 0.94
2013-09-30 22.15 3.47 0.94
2013-06-30 22.11 3.39 0.94
2013-03-31 22.34 3.08 0.86

*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.
  • Fiducian Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Fiducian Group used its assets more efficiently than the AU Capital Markets industry average last year based on Return on Assets.
  • Fiducian Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fiducian 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 Capital Markets 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.
Fiducian Group has a total score of 4/6, 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.

FID Health

 How is Fiducian 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 Fiducian Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fiducian Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fiducian Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fiducian 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.
  • Fiducian Group has no debt, it does not need to be covered by short term assets.
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 Fiducian Group Company Filings, last reported 1 month ago.

CHIA:FID Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 36.64 0.00 12.76
2019-09-30 36.64 0.00 12.76
2019-06-30 34.83 0.00 11.79
2019-03-31 34.83 0.00 11.79
2018-12-31 32.54 0.00 14.60
2018-09-30 32.54 0.00 14.60
2018-06-30 31.13 0.00 13.89
2018-03-31 31.13 0.00 13.89
2017-12-31 29.17 0.00 11.37
2017-09-30 29.17 0.00 11.37
2017-06-30 27.62 0.00 9.55
2017-03-31 27.62 0.00 9.55
2016-12-31 25.67 0.00 8.45
2016-09-30 25.67 0.00 8.45
2016-06-30 24.13 0.00 9.69
2016-03-31 24.13 0.00 9.69
2015-12-31 22.44 0.00 8.86
2015-09-30 22.44 0.00 8.86
2015-06-30 21.19 0.00 12.37
2015-03-31 21.19 0.00 12.37
2014-12-31 19.96 0.00 10.39
2014-09-30 19.96 0.00 10.39
2014-06-30 19.35 0.00 11.19
2014-03-31 19.35 0.00 11.19
2013-12-31 18.37 0.00 10.74
2013-09-30 18.37 0.00 10.74
2013-06-30 18.72 0.00 9.44
2013-03-31 18.72 0.00 9.44
  • Fiducian Group has no debt.
  • Fiducian Group has not taken on any debt in the past 5 years.
  • Fiducian Group has no debt, it does not need to be covered by operating cash flow.
  • Fiducian Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fiducian 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. Fiducian Group has a total score of 6/6, 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.

FID Dividends

 What is Fiducian 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
3.79%
Current annual income from Fiducian Group dividends. Estimated to be 4.53% next year.
If you bought A$2,000 of Fiducian Group shares you are expected to receive A$76 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?
  • Fiducian Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.3%).
  • Fiducian Group's dividend is below the markets top 25% of dividend payers in Australia (5.42%).
Upcoming dividend payment

Purchase Fiducian Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
CHIA:FID 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 3.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 388 Stocks 3.8%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.3%
Australia Bottom 25% Dividend Yield 25th Percentile 2.3%
Australia Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

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

CHIA:FID Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.30 1.00
2021-06-30 0.27 1.00
2020-06-30 0.25 1.00
2020-02-20
CHIA:FID Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-17 0.230 3.829
2019-08-15 0.226 4.136
2019-02-14 0.220 4.358
2018-08-16 0.220 5.154
2018-02-15 0.180 3.965
2017-08-17 0.178 3.607
2017-02-17 0.142 3.436
2016-08-16 0.140 4.228
2016-02-22 0.110 4.732
2015-08-27 0.100 4.433
2014-08-27 0.100 5.617
2014-02-28 0.082 4.970
2013-08-27 0.072 5.782
2012-08-28 0.050 5.313
2012-02-24 0.075 7.547
2011-08-26 0.100 8.774
2011-02-25 0.100 7.107
2010-08-27 0.085 6.026
2010-02-16 0.068 5.003
2009-08-27 0.060 3.796

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fiducian Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
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 Fiducian Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Fiducian Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fiducian 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.

FID Management

 What is the CEO of Fiducian 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.
CEO
Indy Singh
COMPENSATION A$586,045
AGE 70
TENURE AS CEO 24.1 years
CEO Bio

Mr. Inderjit Singh, also known as Indy, CFP, BTech, MComm (Bus), ASIA, ASFA, Dip. FP, founded Fiducian Group Limited (formerly, Fiducian Portfolio Services Limited) in 1996 and has been its Managing Director since its inception and served as its Company Secretary since its inception until February 18, 2020. He has been Executive Chairman of Fiducian Group Limited since October 25, 2018 and was its Deputy Chairman until October 25, 2018. Mr. Singh has experience in general management and the investment of savings and superannuation funds over the 19 years. He spent over eight years with one of Australia’s largest financial planning and investment management companies, where he played a key role in the development and management of its funds management and research businesses. Mr. Singh serves as Executive Director of Fiducian Group Limited.

CEO Compensation
  • Indy's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Indy's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Fiducian Group management team in years:

0.4
Average Tenure
  • The average tenure for the Fiducian Group management team is less than 2 years, this suggests a new team.
Management Team

Indy Singh

TITLE
Founder
COMPENSATION
A$586K
AGE
70
TENURE
24.1 yrs

Rahul Guha

TITLE
Executive Chairman of Fiducian Services & CFO

Paul Gubecka

TITLE
General Counsel & Company Secretary

Julie Hargrave

TITLE
Head of Marketing & Communications

Robby Southall

TITLE
Executive Chairman of Financial Planning

Conrad Burge

TITLE
Executive Chairman of Fiducian Investment Management Services
TENURE
0.4 yrs

Jai Singh

TITLE
Head of Distribution

Jessica Dass

TITLE
Chief Risk Officer

Luke Grbin

TITLE
Head of Platform Services

James Randall

TITLE
Head of Information Technology
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Fiducian Group board of directors in years:

8
Average Tenure
70
Average Age
  • The tenure for the Fiducian Group board of directors is about average.
Board of Directors

Indy Singh

TITLE
Founder
COMPENSATION
A$586K
AGE
70
TENURE
1.3 yrs

Robert Bucknell

TITLE
Independent Director
COMPENSATION
A$111K
AGE
78
TENURE
24.1 yrs

Frank Khouri

TITLE
Independent Non-Executive Director
COMPENSATION
A$94K
AGE
64
TENURE
12.6 yrs

Sam Hallab

TITLE
Non-Executive Director
COMPENSATION
A$68K
TENURE
3.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Fiducian Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
18. Dec 19 Buy Robert Bucknell Individual 13. Dec 19 13. Dec 19 4,962 A$5.60 A$27,787
12. Nov 19 Sell Robert Bucknell Individual 06. Nov 19 12. Nov 19 -50,764 A$5.67 A$-285,370
08. Nov 19 Sell Robert Bucknell Individual 01. Nov 19 05. Nov 19 -22,099 A$5.61 A$-123,861
08. Oct 19 Sell Robert Bucknell Individual 01. Oct 19 03. Oct 19 -5,175 A$5.60 A$-28,829
11. Sep 19 Buy Inderjit Singh Individual 06. Sep 19 10. Sep 19 25,000 A$5.10 A$126,102
X
Management checks
We assess Fiducian 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. Fiducian 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.

FID News

Simply Wall St News

FID Company Info

Description

Fiducian Group Limited, through its subsidiaries, operates as a financial services company in Australia and India. It operates through Financial Planning, Funds Management, and Corporate and Administration segments. The company engages in the provision of investor directed portfolio and managed discretionary account services; and acting as the trustee of fiducial superannuation services, as well as acting as an entity of fiducial funds. It also offers financial planning services; administration and professional services; and develops IT software systems for financial planning and wrap platform administration services. In addition, the company provides financial advisory services, such as cash flow management, superannuation, investment, risk management, family trust, debt reduction, saving for a home, financial direction and goal setting, investment strategy, buying a home, and planning for children’s education, as well as retirement planning, estate management, and aged care financial planning. Further, it offers financial planning software, self-managed super fund administration, and accountancy resourcing and platform solutions. Fiducian Group Limited was founded in 1996 and is headquartered in Sydney, Australia.

Details
Name: Fiducian Group Limited
FID
Exchange: CHIA
Founded: 1996
A$190,856,721
31,442,623
Website: http://www.fiducian.com.au
Address: Fiducian Group Limited
1 York Street,
Level 4,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FID New Ordinary Shares Australian Securities Exchange AU AUD 13. Sep 2000
CHIA FID New Ordinary Shares Chi-X Australia AU AUD 13. Sep 2000
Number of employees
Current staff
Staff numbers
125
Fiducian Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 10:51
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2020/01/29
Last earnings filing: 2020/02/17
Last earnings reported: 2019/12/31
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.