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Frontier Digital Ventures

ASX:FDV
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FDV
ASX
A$196M
Market Cap
  1. Home
  2. AU
  3. Media
Company description

Frontier Digital Ventures Limited is a private equity firm specializing in investing in and developing online classifieds business in emerging markets. The last earnings update was 85 days ago. More info.


Add to Portfolio Compare Print
  • Frontier Digital Ventures is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
FDV Share Price and Events
7 Day Returns
-2.4%
ASX:FDV
1.8%
AU Interactive Media and Services
-0.1%
AU Market
1 Year Returns
66.7%
ASX:FDV
38.2%
AU Interactive Media and Services
16.5%
AU Market
FDV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frontier Digital Ventures (FDV) -2.4% 6.3% 11.9% 66.7% 60% -
AU Interactive Media and Services 1.8% -3.9% 2.5% 38.2% 76.9% 102.9%
AU Market -0.1% 1.5% 3.5% 16.5% 21.9% 20.6%
1 Year Return vs Industry and Market
  • FDV outperformed the Interactive Media and Services industry which returned 38.2% over the past year.
  • FDV outperformed the Market in Australia which returned 16.5% over the past year.
Price Volatility
FDV
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Frontier Digital Ventures's competitors could be found in our database.

FDV Value

 Is Frontier Digital Ventures 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 Frontier Digital Ventures 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 Frontier Digital Ventures.

ASX:FDV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
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:FDV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.037 (1 + (1- 24%) (0.3%))
1.026
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.026 * 5.96%)
8.43%

Discounted Cash Flow Calculation for ASX:FDV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Frontier Digital Ventures is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:FDV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.43%)
2020 -2.20 Analyst x1 -2.03
2021 0.90 Analyst x1 0.77
2022 1.49 Est @ 65.09% 1.17
2023 2.17 Est @ 46.26% 1.57
2024 2.89 Est @ 33.08% 1.93
2025 3.58 Est @ 23.85% 2.20
2026 4.20 Est @ 17.39% 2.39
2027 4.75 Est @ 12.86% 2.48
2028 5.21 Est @ 9.7% 2.51
2029 5.59 Est @ 7.48% 2.49
Present value of next 10 years cash flows A$15.00
ASX:FDV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$5.59 × (1 + 2.31%) ÷ (8.43% – 2.31%)
A$93.57
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$93.57 ÷ (1 + 8.43%)10
A$41.65
ASX:FDV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$15.00 + A$41.65
A$56.65
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$56.65 / 245.56
A$0.23
ASX:FDV Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.23
Current discount Discount to share price of A$0.80
= -1 x (A$0.80 - A$0.23) / A$0.23
-246.8%

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

  • The current share price of Frontier Digital Ventures 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 Frontier Digital Ventures's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frontier Digital Ventures's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FDV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$-0.04
ASX:FDV Share Price ** ASX (2019-11-18) in AUD A$0.8
Global Interactive Media and Services Industry PE Ratio Median Figure of 118 Publicly-Listed Interactive Media and Services Companies 29.44x
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 Frontier Digital Ventures.

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

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

= 0.8 ÷ -0.04

-22.01x

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

  • Frontier Digital Ventures is loss making, we can't compare its value to the Global Interactive Media and Services industry average.
  • Frontier Digital Ventures is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Frontier Digital Ventures's expected growth come at a high price?
Raw Data
ASX:FDV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -22.01x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
82.1%per year
Global Interactive Media and Services Industry PEG Ratio Median Figure of 74 Publicly-Listed Interactive Media and Services Companies 1.49x
Australia Market PEG Ratio Median Figure of 347 Publicly-Listed Companies 1.6x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Frontier Digital Ventures, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Frontier Digital Ventures's assets?
Raw Data
ASX:FDV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.19
ASX:FDV Share Price * ASX (2019-11-18) in AUD A$0.8
Australia Interactive Media and Services Industry PB Ratio Median Figure of 20 Publicly-Listed Interactive Media and Services Companies 7.33x
Australia Market PB Ratio Median Figure of 1,584 Publicly-Listed Companies 1.75x
ASX:FDV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.8 ÷ 0.19

4.25x

* Primary Listing of Frontier Digital Ventures.

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

  • Frontier Digital Ventures is good value based on assets compared to the AU Interactive Media and Services industry average.
X
Value checks
We assess Frontier Digital Ventures'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 Interactive Media and Services 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 Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. Frontier Digital Ventures has a total score of 1/6, 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.

FDV Future Performance

 How is Frontier Digital Ventures expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
82.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frontier Digital Ventures expected to grow at an attractive rate?
  • Frontier Digital Ventures's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Frontier Digital Ventures's earnings growth is expected to exceed the Australia market average.
  • Frontier Digital Ventures's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:FDV Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:FDV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 82.1%
ASX:FDV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 32.4%
Australia Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 28.8%
Australia Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
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:FDV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FDV Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 45 6 1
2021-12-31 31 2 1 2
2020-12-31 25 -2 -2 2
2019-12-31 16 -5 -8 2
2019-11-19
ASX:FDV Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 14 -5 -9
2019-03-31 14 -6 -7
2018-12-31 13 -6 -6
2018-09-30 12 -7
2018-06-30 11 -7 -8
2018-03-31 10 -7 -10
2017-12-31 9 -7 -12
2017-06-30 6 -8 -5
2017-03-31 4 -6 -4
2016-12-31 2 -5 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frontier Digital Ventures's earnings are expected to grow significantly at over 20% yearly.
  • Frontier Digital Ventures's revenue is expected to grow significantly at over 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:FDV 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 2 Analyst Estimates (S&P Global) See Below

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

ASX:FDV Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.00 0.00 0.00 1.00
2020-12-31 -0.02 -0.02 -0.02 1.00
2019-12-31 -0.03 -0.03 -0.03 1.00
2019-11-19
ASX:FDV Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 -0.04
2019-03-31 -0.03
2018-12-31 -0.02
2018-09-30 -0.03
2018-06-30 -0.04
2018-03-31 -0.05
2017-12-31 -0.06
2017-06-30 -0.02
2017-03-31 -0.02
2016-12-31 -0.03

*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.
  • Frontier Digital Ventures is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Frontier Digital Ventures'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.
Frontier Digital Ventures has a total score of 5/6, 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.

FDV Past Performance

  How has Frontier Digital Ventures 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 Frontier Digital Ventures's growth in the last year to its industry (Interactive Media and Services).
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.
  • Frontier Digital Ventures does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Frontier Digital Ventures's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Frontier Digital Ventures's 1-year growth to the Global Interactive Media and Services industry average as it is not currently profitable.
Earnings and Revenue History
Frontier Digital Ventures'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 Frontier Digital Ventures Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FDV 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 14.24 -8.91 8.78
2019-03-31 13.51 -7.26 9.04
2018-12-31 12.77 -5.62 9.29
2018-09-30 11.82 -6.83 8.95
2018-06-30 10.87 -8.04 8.61
2018-03-31 10.03 -10.04 8.38
2017-12-31 9.19 -12.05 8.14
2017-06-30 6.30 -4.90 7.21
2017-03-31 4.20 -4.04 5.20
2016-12-31 2.10 -3.18 3.19
2015-12-31 -2.54 0.21
2014-12-31 0.00 0.12

*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.
  • It is difficult to establish if Frontier Digital Ventures has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Frontier Digital Ventures has efficiently used its assets last year compared to the Global Interactive Media and Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Frontier Digital Ventures improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Frontier Digital Ventures'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 Interactive Media and Services 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.
Frontier Digital Ventures has a total score of 0/6, 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.

FDV Health

 How is Frontier Digital Ventures'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 Frontier Digital Ventures's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frontier Digital Ventures is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Frontier Digital Ventures's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Frontier Digital Ventures'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 covered by short term assets, assets are 97.7x 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 Frontier Digital Ventures Company Filings, last reported 4 months ago.

ASX:FDV Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 46.40 0.19 15.33
2019-03-31 46.40 0.19 15.33
2018-12-31 51.18 0.19 19.85
2018-09-30 51.18 0.19 19.85
2018-06-30 55.25 0.35 20.64
2018-03-31 55.25 0.35 20.64
2017-12-31 45.52 0.37 12.90
2017-06-30 51.35 0.52 20.09
2017-03-31 51.35 0.52 20.09
2016-12-31 56.32 0.00 25.15
2015-12-31 19.25 1.01 5.41
2014-12-31 0.00 0.00 0.00
  • Frontier Digital Ventures's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Frontier Digital Ventures's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Frontier Digital Ventures has sufficient cash runway for 2.3 years based on current free cash flow.
  • Unable to confirm if Frontier Digital Ventures has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Frontier Digital Ventures'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. Frontier Digital Ventures has a total score of 4/6, 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.

FDV Dividends

 What is Frontier Digital Ventures'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
0%
Current annual income from Frontier Digital Ventures dividends. Estimated to be 0% next year.
If you bought A$2,000 of Frontier Digital Ventures shares you are expected to receive A$0 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?
  • Unable to evaluate Frontier Digital Ventures's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Frontier Digital Ventures's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:FDV 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 2 Analyst Estimates (S&P Global) See Below
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 42 Stocks 0.5%
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:FDV Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
2019-11-19

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

  • Unable to perform a dividend volatility check as Frontier Digital Ventures has not reported any payouts.
  • Unable to verify if Frontier Digital Ventures's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Frontier Digital Ventures's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Frontier Digital Ventures has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Frontier Digital Ventures's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Frontier Digital Ventures'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 Frontier Digital Ventures afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frontier Digital Ventures has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FDV Management

 What is the CEO of Frontier Digital Ventures'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
Shaun Di Gregorio
COMPENSATION A$443,333
CEO Bio

Mr. Shaun Antony Di Gregorio, MBA, is the Founder and Chief Executive Officer of Frontier Digital Ventures Limited. Mr. Di Gregorio is recognized as a global leader in the online marketplace arena. He served as General Manager of International, General Manager Online Advertising Australia & New Zealand, General Manager of Asia Pacific and Manager of National Sales at REA Group Limited. He served as the Chief Executive Officer of iProperty Group Limited from January 2010 to April 21, 2014. Prior to joining iProperty.com, he served as the General Manager/Head of The Australian Operations of the REA Group from 2005 to 2008 and the General Manager of the REA Group’s international businesses from 2008 to 2009. He has been a Non-Independent Executive Director of Frontier Digital Ventures Limited since April 4, 2014. He serves as a Director of Zameen Media Pvt Ltd. He served as a Non-Independent Non-Executive Director at iCar Asia Limited from July 17, 2012 to June 29, 2016. Mr. Di Gregorio holds a Masters of Business Administration from the Australian Graduate School of Management, part of the University of New South Wales and Bachelor of Business with a major in Marketing from Monash University. He is a Member of the Australian Institute of Company Directors.

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

Average tenure and age of the Frontier Digital Ventures management team in years:

3.2
Average Tenure
44
Average Age
  • The tenure for the Frontier Digital Ventures management team is about average.
Management Team

Shaun Di Gregorio

TITLE
Founder
COMPENSATION
A$443K

Shiao Chan

TITLE
Chief Financial Officer
COMPENSATION
A$258K
TENURE
3.3 yrs

Mark Licciardo

TITLE
Joint Company Secretary & Independent Non-Executive Director
COMPENSATION
A$60K
AGE
55
TENURE
3.5 yrs

Luke Elliott

TITLE
Co-Founder
AGE
43

Y-Kin Grove

TITLE
Co-Founder
AGE
44

Bruno Rodrigues

TITLE
Head of Digital Marketing
TENURE
2.3 yrs

Belinda Cleminson

TITLE
Joint Company Secretary
TENURE
3.1 yrs

Jason Thoe

TITLE
Director of Growth & Operations - Auto Verticals

Keen Hooi

TITLE
Research Analyst
Board of Directors Tenure

Average tenure of the Frontier Digital Ventures board of directors in years:

3.6
Average Tenure
  • The tenure for the Frontier Digital Ventures board of directors is about average.
Board of Directors

Anthony Klok

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$120K
AGE
58
TENURE
1.9 yrs

Shaun Di Gregorio

TITLE
Founder
COMPENSATION
A$443K
TENURE
5.6 yrs

Mark Licciardo

TITLE
Joint Company Secretary & Independent Non-Executive Director
COMPENSATION
A$60K
AGE
55
TENURE
3.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
28. Oct 19 Sell Private Portfolio Managers Company 17. Oct 19 24. Oct 19 -660,000 A$0.76 A$-496,503
02. Oct 19 Sell FMR LLC Company 06. Dec 16 30. Sep 19 -9,967,622 A$0.95 A$-9,448,314
02. Oct 19 Buy FMR LLC Company 05. Sep 16 08. Feb 19 4,499,720 A$0.71 A$3,210,455
18. Mar 19 Buy Smallco Investment Manager Limited Company 20. Jun 18 14. Mar 19 3,697,231 A$0.74 A$1,870,325
03. Dec 18 Buy Shaun Di Gregorio Individual 16. Nov 18 28. Nov 18 20,500 A$0.51 A$10,455
X
Management checks
We assess Frontier Digital Ventures'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. Frontier Digital Ventures 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.

FDV News

Simply Wall St News

Why Frontier Digital Ventures Limited's (ASX:FDV) Investor Composition Impacts Your Returns

I am going to take a deep dive into Frontier Digital Ventures Limited’s (ASX:FDV) most recent ownership structure, not a frequent subject of discussion among individual investors. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices. … ASX:FDV Ownership Summary July 27th 18

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Analysts Expect Breakeven For Frontier Digital Ventures Limited (ASX:FDV)

Frontier Digital Ventures Limited's (ASX:FDV):. … Frontier Digital Ventures Limited is a private equity firm specializing in investing in and developing online classifieds business. … See our latest analysis for Frontier Digital Ventures

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Intrinsic Calculation For Frontier Digital Ventures Limited (ASX:FDV) Shows Investors Are Overpaying

I am going to run you through how I calculated the intrinsic value of Frontier Digital Ventures Limited (ASX:FDV). … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Frontier Digital Ventures by following the link below.

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Frontier Digital Ventures Limited (ASX:FDV): Are Analysts Optimistic?

I’ve put together a brief outline of industry analyst expectations for FDV, its year of breakeven and its implied growth rate. … Check out our latest analysis for Frontier Digital Ventures According to the industry analysts covering FDV, breakeven is near. … ASX:FDV Past Future Earnings Jun 6th 18 Given this is a high-level overview, I won’t go into detail the detail of FDV’s upcoming projects, though, bear in mind that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

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Should You Be Concerned About Frontier Digital Ventures Limited's (ASX:FDV) Shareholders?

With this size of ownership, retail investors can collectively play a role in major company policies that affect shareholders returns, including executive remuneration and the appointment of directors. … Private Company Ownership Potential investors in FDV should also look at another important group of investors: private companies, with a stake of 1.25%, who are primarily invested because of strategic and capital gain interests. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: The company's high institutional ownership makes margin of safety a very important consideration to existing investors since long bull and bear trends often emerge when these big-ticket investors see a change in long-term potential of the company.

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Will Frontier Digital Ventures Limited (ASX:FDV) Ride The Tech Growth Wave?

Frontier Digital Ventures Limited (ASX:FDV), is a AU$155.10M small-cap, which operates in the software industry based in Malaysia. … However, in the upcoming year, Frontier Digital Ventures is expected to deliver growth in-line with its industry peers, at a growth rate of 38.61%. … If Frontier Digital Ventures has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry.

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Is Frontier Digital Ventures Limited (ASX:FDV) Expensive For A Reason? A Look At The Intrinsic Value

5-year cash flow forecast 2018 2019 2020 2021 2022 Levered FCF (A$, Millions) A$-7.10 A$-4.00 A$1.80 A$7.80 A$9.05 Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Extrapolated @ (16%, capped from 137.59%) Present Value Discounted @ 8.55% A$-6.54 A$-3.39 A$1.41 A$5.62 A$6.00 Present Value of 5-year Cash Flow (PVCF)= A$3 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = A$9 × (1 + 2.8%) ÷ (8.6% – 2.8%) = A$161 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = A$161 / ( 1 + 8.6%)5 = A$107 The total value is the sum of cash flows for the next five years and the discounted terminal value, which results in the Total Equity Value, which in this case is A$110. … ASX:FDV Intrinsic Value Apr 24th 18 Important assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

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Is Frontier Digital Ventures Limited (ASX:FDV) Growing Too Fast?

See our latest analysis for Frontier Digital Ventures What is cash burn? … According to my analysis, if Frontier Digital Ventures continues to grow at this rate, it will burn through its cash reserves by the next 1.4 years and may be coming to market again. … An opportunity may exist for you to enter into the stock at an attractive price, should Frontier Digital Ventures come to market to fund its operations.

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What Should Investors Know About Frontier Digital Ventures Limited's (ASX:FDV) Earnings Trend?

Frontier Digital Ventures Limited's (ASX:FDV) latest earnings announcement in December 2017 suggested that losses became smaller relative to the prrior year's level as a result of recent tailwinds Below, I've presented key growth figures on how market analysts predict Frontier Digital Ventures's earnings growth outlook over the next couple of years and whether the future looks brighter. … See our latest analysis for Frontier Digital Ventures Analysts' expectations for next year seems optimistic, with earnings becoming less negative, arriving at -AU$8.80M in 2019. … This means that, we can assume Frontier Digital Ventures will grow its earnings by 60.52% every year for the next couple of years.

Simply Wall St -

Top High Growth Stocks This Week

FDV’s projected future profit growth is an exceptional 60.52%, with an underlying triple-digit growth from its revenues expected over the upcoming years. … IPD’s projected future profit growth is an exceptional 85.84%, with an underlying triple-digit growth from its revenues expected over the upcoming years. … RAN’s projected future profit growth is an exceptional 93.25%, with an underlying triple-digit growth from its revenues expected over the upcoming years.

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FDV Company Info

Description

Frontier Digital Ventures Limited is a private equity firm specializing in investing in and developing online classifieds business in emerging markets. The firm prefers to invest in property and automotive verticals and general classifieds/marketplace websites. Frontier Digital Ventures Limited was founded in 2014 and is based in Kuala Lumpur, Malaysia with an additional office in Melbourne, Australia.

Details
Name: Frontier Digital Ventures Limited
FDV
Exchange: ASX
Founded: 2014
A$196,451,004
245,563,756
Website: http://frontierdv.com
Address: Frontier Digital Ventures Limited
39-8 The Boulevard,
Mid Valley City,
Kuala Lumpur,
Wilayah Persekutuan, 59200,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FDV Ordinary Shares Australian Securities Exchange AU AUD 26. Aug 2016
CHIA FDV Ordinary Shares Chi-X Australia AU AUD 26. Aug 2016
Number of employees
Current staff
Staff numbers
0
Frontier Digital Ventures employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 10:43
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/07
Last earnings filing: 2019/08/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.