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Finbar Group

ASX:FRI
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FRI
ASX
A$180M
Market Cap
  1. Home
  2. AU
  3. Real Estate
Company description

Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Finbar Group has significant price volatility in the past 3 months.
FRI Share Price and Events
7 Day Returns
1.6%
ASX:FRI
8.6%
AU Real Estate
5.3%
AU Market
1 Year Returns
-24.7%
ASX:FRI
-8%
AU Real Estate
-17.6%
AU Market
FRI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Finbar Group (FRI) 1.6% -28.5% -25.1% -24.7% -26.4% -49.6%
AU Real Estate 8.6% -31.4% -33.7% -8% -28.9% -26.9%
AU Market 5.3% -18.2% -22.6% -17.6% -14.1% -14.3%
1 Year Return vs Industry and Market
  • FRI underperformed the Real Estate industry which returned -8% over the past year.
  • FRI underperformed the Market in Australia which returned -17.6% over the past year.
Price Volatility
FRI
Industry
5yr Volatility vs Market

FRI Value

 Is Finbar 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 Finbar 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 Finbar Group.

ASX:FRI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in AUD A$ .040000
Payout Ratio Company Filings (2019-12-31) 11315.1%
Discount Rate (Cost of Equity) See below 8.2%
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 ASX:FRI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.98 (1 + (1- 30%) (59.89%))
1.314
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.31
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (1.314 * 5.44%)
8.23%

Discounted Cash Flow Calculation for ASX:FRI using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Finbar Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

ASX:FRI Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= A$0.04 / (8.23% - 1.08%)
A$0.45
ASX:FRI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.45
Current discount Discount to share price of A$0.64
= -1 x (A$0.64 - A$0.45) / A$0.45
-41.5%

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

  • The current share price of Finbar 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 Finbar Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Finbar Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:FRI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.06
ASX:FRI Share Price ** ASX (2020-04-02) in AUD A$0.64
Australia Real Estate Industry PE Ratio Median Figure of 19 Publicly-Listed Real Estate Companies 12.64x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.38x

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

** Primary Listing of Finbar Group.

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

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

= 0.64 ÷ 0.06

11.13x

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

  • Finbar Group is good value based on earnings compared to the AU Real Estate industry average.
  • Finbar Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Finbar Group's expected growth come at a high price?
Raw Data
ASX:FRI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Real Estate Industry PEG Ratio Median Figure of 9 Publicly-Listed Real Estate Companies 0.71x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.05x

*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 Finbar Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Finbar Group's assets?
Raw Data
ASX:FRI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$0.91
ASX:FRI Share Price * ASX (2020-04-02) in AUD A$0.64
Australia Real Estate Industry PB Ratio Median Figure of 34 Publicly-Listed Real Estate Companies 0.74x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.22x
ASX:FRI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.64 ÷ 0.91

0.71x

* Primary Listing of Finbar Group.

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

  • Finbar Group is good value based on assets compared to the AU Real Estate industry average.
X
Value checks
We assess Finbar 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 Real Estate 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 Real Estate industry average (and greater than 0)? (1 check)
  5. Finbar Group has a total score of 3/6, 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.

FRI Future Performance

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

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Finbar Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
29.7%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Finbar Group expected to grow at an attractive rate?
  • Unable to compare Finbar Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Finbar Group's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Finbar Group's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:FRI Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 29.7%
Australia Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:FRI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:FRI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 174 8 16
2019-09-30 164 -10 14
2019-06-30 155 -29 11
2019-03-31 148 -26 14
2018-12-31 141 -24 16
2018-09-30 146 16 15
2018-06-30 151 55 14
2018-03-31 149 62 11
2017-12-31 148 69 8
2017-09-30 136 27 7
2017-06-30 124 -14 5
2017-03-31 107 -39 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Finbar Group is high growth as no earnings estimate data is available.
  • Unable to determine if Finbar Group is high growth as no revenue estimate data is available.
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:FRI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Finbar Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FRI Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.06
2019-09-30 0.05
2019-06-30 0.04
2019-03-31 0.05
2018-12-31 0.06
2018-09-30 0.06
2018-06-30 0.06
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.02
2017-03-31 0.01

*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.
  • Unable to establish if Finbar Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Finbar Group is trading at Finbar Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Finbar Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Finbar Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Finbar 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.
Finbar Group has a total score of 0/6, 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.

FRI Past Performance

  How has Finbar 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 Finbar Group's growth in the last year to its industry (Real Estate).
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.
  • Finbar Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Finbar Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Finbar Group's 1-year earnings growth is negative, it can't be compared to the AU Real Estate industry average.
Earnings and Revenue History
Finbar 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 Finbar Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:FRI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 173.90 15.67 17.37
2019-09-30 164.29 13.53 16.26
2019-06-30 154.69 11.39 15.15
2019-03-31 147.78 13.76 14.85
2018-12-31 140.87 16.13 14.55
2018-09-30 145.81 15.03 14.81
2018-06-30 150.74 13.94 15.07
2018-03-31 149.47 10.93 17.09
2017-12-31 148.21 7.92 19.11
2017-09-30 135.96 6.61 17.29
2017-06-30 123.71 5.31 15.46
2017-03-31 106.52 2.19 13.23
2016-12-31 89.33 -0.93 11.00
2016-09-30 95.99 3.95 12.66
2016-06-30 102.66 8.82 14.31
2016-03-31 99.25 15.46 14.08
2015-12-31 95.84 22.09 13.85
2015-09-30 92.60 24.14 14.00
2015-06-30 89.36 26.19 14.16
2015-03-31 128.40 27.36 14.73
2014-12-31 167.44 28.54 15.30
2014-09-30 221.35 32.50 14.14
2014-06-30 275.25 36.46 12.98
2014-03-31 238.95 36.24 12.99
2013-12-31 202.65 36.02 12.99
2013-09-30 169.53 33.60 12.71
2013-06-30 136.41 31.18 12.43

*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.
  • Finbar Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Finbar Group used its assets less efficiently than the AU Real Estate industry average last year based on Return on Assets.
  • Finbar Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Finbar 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 Real Estate 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.
Finbar Group 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.

FRI Health

 How is Finbar 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 Finbar Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Finbar Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Finbar Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Finbar 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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x 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 Finbar Group Company Filings, last reported 3 months ago.

ASX:FRI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 246.96 107.57 33.62
2019-09-30 246.96 107.57 33.62
2019-06-30 248.48 79.61 48.53
2019-03-31 248.48 79.61 48.53
2018-12-31 247.97 101.48 36.68
2018-09-30 247.97 101.48 36.68
2018-06-30 252.17 55.90 60.31
2018-03-31 252.17 55.90 60.31
2017-12-31 208.87 118.82 36.04
2017-09-30 208.87 118.82 36.04
2017-06-30 216.47 151.55 69.22
2017-03-31 216.47 151.55 69.22
2016-12-31 215.49 166.46 36.12
2016-09-30 215.49 166.46 36.12
2016-06-30 227.80 74.79 31.54
2016-03-31 227.80 74.79 31.54
2015-12-31 233.11 106.88 50.78
2015-09-30 233.11 106.88 50.78
2015-06-30 238.09 84.90 77.22
2015-03-31 238.09 84.90 77.22
2014-12-31 235.50 103.64 53.53
2014-09-30 235.50 103.64 53.53
2014-06-30 238.68 78.38 60.91
2014-03-31 238.68 78.38 60.91
2013-12-31 215.32 141.18 64.15
2013-09-30 215.32 141.18 64.15
2013-06-30 205.80 139.50 35.67
  • Finbar Group's level of debt (43.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (43.9% vs 43.6% today).
  • Debt is not well covered by operating cash flow (7.6%, less than 20% of total debt).
  • Finbar Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Finbar 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. Finbar Group 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.

FRI Dividends

 What is Finbar 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
6.25%
Current annual income from Finbar Group dividends.
If you bought A$2,000 of Finbar Group shares you are expected to receive A$125 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?
  • Finbar Group's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (3.15%).
  • Finbar Group's dividend is below the markets top 25% of dividend payers in Australia (8%).
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:FRI 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 0 Analyst Estimates (S&P Global) See Below
Australia Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 4.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 371 Stocks 5.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

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

ASX:FRI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.040 5.397
2019-08-20 0.060 6.940
2019-02-19 0.060 7.040
2018-07-23 0.060 7.046
2018-02-20 0.060 6.207
2017-08-11 0.060 6.508
2017-02-23 0.070 8.456
2016-07-11 0.070 7.880
2016-02-23 0.090 10.379
2015-07-27 0.100 9.195
2014-07-09 0.100 7.421
2014-02-25 0.100 6.023
2013-07-08 0.095 6.386
2013-02-26 0.090 6.427
2012-07-03 0.090 8.176
2012-02-23 0.090 9.427
2011-07-04 0.085 9.358
2011-02-11 0.085 8.498
2010-08-18 0.075 6.284
2010-02-15 0.070 6.537
2009-07-13 0.070 7.623

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of Finbar Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x 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 Finbar Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Finbar Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Finbar Group has a total score of 2/6, see the detailed checks below.


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

FRI Management

 What is the CEO of Finbar 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
Darren Pateman
COMPENSATION A$980,308
AGE 50
TENURE AS CEO 9.8 years
CEO Bio

Mr. Darren John Pateman, EMBA, GradDipACG, ACSA, AGIA, MAICD, AFAIM, has been Managing Director of Finbar Group Limited since July 15, 2010. Mr. Pateman has been the Managing Director of 406 & 407 Newcastle Street Pty Ltd; and 143 Adelaide Terrace Pty Ltd., since July 15, 2010. He has been Managing Director of 22 Plain Street Pty Ltd., since November 6, 2008. He has been the Managing Director at 132 Terrace Road Joint Venture Pty Ltd., July 15, 2010 and served as its Secretary from February 28, 1996 to July 15, 2010. He served as Company Secretary of Finbar Group Limited from February 28, 1996 to July 15, 2010. He served the Chief Executive Officer of Finbar Group Limited since 2006 to 2010. He has been a Director of 143 Adelaide Terrace Pty Ltd., since November 6, 2008 and 22 Plain Street Pty Ltd., since July 15, 2010. Mr. Pateman has been an Executive Director of 406 & 407 Newcastle Street Pty Ltd and Finbar Group Limited since November 6, 2008. He is a Chartered Secretary and holds an Executive Master of Business Administration from the University of Western Australia and a Graduate Diploma in Applied Corporate Governance. Mr. Pateman is an Associate of the Institute of Chartered Secretaries and Administrators, a Member of the Australian Institute of Company Directors and an Associate Fellow of the Australian Institute of Management.

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

Average tenure and age of the Finbar Group management team in years:

9.8
Average Tenure
50
Average Age
  • The average tenure for the Finbar Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Chan

TITLE
Executive Chairman
COMPENSATION
A$739K
AGE
72

Darren Pateman

TITLE
MD & Executive Director
COMPENSATION
A$980K
AGE
50
TENURE
9.8 yrs

Ed Bank

TITLE
CFO & Company Secretary
COMPENSATION
A$404K
TENURE
15.1 yrs

Ronald Chan

TITLE
COO & Executive Director
COMPENSATION
A$421K
AGE
38
TENURE
7.3 yrs
Board of Directors Tenure

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

9
Average Tenure
58.5
Average Age
  • The tenure for the Finbar Group board of directors is about average.
Board of Directors

John Chan

TITLE
Executive Chairman
COMPENSATION
A$739K
AGE
72
TENURE
9.8 yrs

Darren Pateman

TITLE
MD & Executive Director
COMPENSATION
A$980K
AGE
50
TENURE
11.4 yrs

Ronald Chan

TITLE
COO & Executive Director
COMPENSATION
A$421K
AGE
38
TENURE
3.2 yrs

Kee Kong Loh

TITLE
Non-Executive Director
COMPENSATION
A$76K
AGE
67
TENURE
27 yrs

Lee Verios

TITLE
Non-Executive Independent Director
COMPENSATION
A$76K
AGE
70
TENURE
8.3 yrs

Terence Peh

TITLE
Non-Executive Director
COMPENSATION
A$66K
AGE
45
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Finbar Group individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
01. Apr 20 Buy John Chan Individual 01. Apr 20 01. Apr 20 37,593 A$0.65 A$24,332
31. Mar 20 Buy John Chan Individual 31. Mar 20 31. Mar 20 2,407 A$0.61 A$1,468
27. Sep 19 Buy John Chan Individual 26. Sep 19 26. Sep 19 45,521 A$0.84 A$38,238
26. Sep 19 Buy John Chan Individual 25. Sep 19 25. Sep 19 68,510 A$0.84 A$57,548
26. Sep 19 Buy Forward International Pty Ltd Company 25. Sep 19 25. Sep 19 68,510 A$0.84 A$57,548
01. Jul 19 Buy Lee Verios Individual 26. Jun 19 26. Jun 19 36,196 A$0.87 A$31,490
14. Jun 19 Sell Lee Verios Individual 13. Jun 19 13. Jun 19 -72,393 A$0.87 A$-62,982
02. Jun 19 Buy Darren Pateman Individual 31. May 19 31. May 19 8,491 A$0.87 A$7,380
X
Management checks
We assess Finbar 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. Finbar 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.

FRI News

Simply Wall St News

Does Finbar Group Limited's (ASX:FRI) -18% Earnings Drop Reflect A Longer Term Trend?

See our latest analysis for Finbar Group How Well Did FRI Perform? … ASX:FRI Income Statement, August 30th 2019 In terms of returns from investment, Finbar Group has fallen short of achieving a 20% return on equity (ROE), recording 4.6% instead. … I recommend you continue to research Finbar Group to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for FRI’s future growth?

Simply Wall St -

Is Finbar Group Limited's (ASX:FRI) 6.9% Dividend Sustainable?

In this case, Finbar Group likely looks attractive to investors, given its 6.9% dividend yield and a payment history of over ten years. … For the purpose of this article, we only scrutinise the last decade of Finbar Group's dividend payments. … In this analysis, Finbar Group doesn't shape up too well as a dividend stock.

Simply Wall St -

Finbar Group Limited (ASX:FRI) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Finbar Group Limited (ASX:FRI). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Finbar Group Finbar Group Insider Transactions Over The Last Year There wasn't any very large single transaction over the last year, but we can still observe some trading. … ASX:FRI Recent Insider Trading, August 5th 2019 Finbar Group Insiders Are Selling The Stock The last three months saw some Finbar Group insider selling.

Simply Wall St -

Based On Its ROE, Is Finbar Group Limited (ASX:FRI) A High Quality Stock?

Check out our latest analysis for Finbar Group How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Finbar Group: 6.5% = AU$16m ÷ AU$248m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Finbar Group Have A Good ROE?

Simply Wall St -

What Kind Of Shareholder Owns Most Finbar Group Limited (ASX:FRI) Stock?

See our latest analysis for Finbar Group ASX:FRI Ownership Summary, July 4th 2019 What Does The Institutional Ownership Tell Us About Finbar Group? … We can see that Finbar Group does have institutional investors; and they hold 10% of the stock. … Insider Ownership Of Finbar Group While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

Simply Wall St -

Is Finbar Group Limited's (ASX:FRI) CEO Paid At A Competitive Rate?

Our data indicates that Finbar Group Limited is worth AU$231m, and total annual CEO compensation is AU$1.1m. … It would therefore appear that Finbar Group Limited pays Darren Pateman more than the median CEO remuneration at companies of a similar size, in the same market. … We compared the total CEO remuneration paid by Finbar Group Limited, and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

Introducing Finbar Group (ASX:FRI), The Stock That Dropped 46% In The Last Five Years

At this point some shareholders may be questioning their investment in Finbar Group Limited (ASX:FRI), since the last five years saw the share price fall 46%. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Looking back five years, both Finbar Group's share price and EPS declined; the latter at a rate of 18% per year.

Simply Wall St -

How Financially Strong Is Finbar Group Limited (ASX:FRI)?

FRI’s Debt (And Cash Flows) FRI has shrunk its total debt levels in the last twelve months, from AU$119m to AU$101m , which also accounts for long term debt. … With this debt repayment, FRI's cash and short-term investments stands at AU$37m , ready to be used for running the business. … I admit this is a fairly basic analysis for FRI's financial health.

Simply Wall St -

Is Finbar Group Limited (ASX:FRI) An Attractive Dividend Stock?

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … In this case, Finbar Group likely looks attractive to investors, given its 7.1% dividend yield and a payment history of over ten years. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Despite Its High P/E Ratio, Is Finbar Group Limited (ASX:FRI) Still Undervalued?

We'll show how you can use Finbar Group Limited's (ASX:FRI) P/E ratio to inform your assessment of the investment opportunity. … Finbar Group has a P/E ratio of 13.57, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

FRI Company Info

Description

Finbar Group Limited, through its subsidiaries, develops and invests in properties in Australia. The company develops medium to high density residential buildings and commercial properties, as well as rents its properties in Western Australia. Finbar Group Limited was incorporated in 1984 and is based in East Perth, Australia.

Details
Name: Finbar Group Limited
FRI
Exchange: ASX
Founded: 1984
A$179,601,273
272,123,142
Website: http://www.finbar.com.au
Address: Finbar Group Limited
181 Adelaide Terrace,
Level 6,
East Perth,
Western Australia, 6004,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX FRI Ordinary Shares Australian Securities Exchange AU AUD 02. Jan 1992
CHIA FRI Ordinary Shares Chi-X Australia AU AUD 02. Jan 1992
Number of employees
Current staff
Staff numbers
0
Finbar Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 10:31
End of day share price update: 2020/04/02 00:00
Last earnings filing: 2020/02/26
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.