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First Finance

DSE:FIRSTFIN
Snowflake Description

Imperfect balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FIRSTFIN
DSE
BDT593M
Market Cap
  1. Home
  2. BD
  3. Diversified Financials
Company description

First Finance Limited provides financial services to industrial and commercial customers in Bangladesh. The last earnings update was 159 days ago. More info.


Add to Portfolio Compare Print
FIRSTFIN Share Price and Events
7 Day Returns
0%
DSE:FIRSTFIN
0%
BD Consumer Finance
0%
BD Market
1 Year Returns
-7.3%
DSE:FIRSTFIN
-28.8%
BD Consumer Finance
-28.2%
BD Market
FIRSTFIN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Finance (FIRSTFIN) 0% -5.6% 2% -7.3% -47.4% -48%
BD Consumer Finance - -8.2% -3.8% -28.8% -33.1% -7.5%
BD Market 0% -8.7% -7.8% -28.2% -25.1% -6.8%
1 Year Return vs Industry and Market
  • FIRSTFIN outperformed the Consumer Finance industry which returned -28.8% over the past year.
  • FIRSTFIN outperformed the Market in Bangladesh which returned -28.2% over the past year.
Price Volatility
FIRSTFIN
Industry
5yr Volatility vs Market

FIRSTFIN Value

 Is First Finance 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
  • It is not possible to calculate the future cash flow value for First Finance. This is due to cash flow or dividend data being unavailable. The share price is BDT5.1.
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 First Finance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Finance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DSE:FIRSTFIN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in BDT BDT-3.62
DSE:FIRSTFIN Share Price ** DSE (2020-03-25) in BDT BDT5.1
Bangladesh Consumer Finance Industry PE Ratio Median Figure of 5 Publicly-Listed Consumer Finance Companies 9.59x
Bangladesh Market PE Ratio Median Figure of 228 Publicly-Listed Companies 12.66x

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

** Primary Listing of First Finance.

DSE:FIRSTFIN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DSE:FIRSTFIN Share Price ÷ EPS (both in BDT)

= 5.1 ÷ -3.62

-1.41x

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

  • First Finance is loss making, we can't compare its value to the BD Consumer Finance industry average.
  • First Finance is loss making, we can't compare the value of its earnings to the Bangladesh market.
Price based on expected Growth
Does First Finance's expected growth come at a high price?
Raw Data
DSE:FIRSTFIN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Finance Industry PEG Ratio Median Figure of 29 Publicly-Listed Consumer Finance Companies 0.54x
Bangladesh Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 1.03x

*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 First Finance, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on First Finance's assets?
Raw Data
DSE:FIRSTFIN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in BDT BDT4.09
DSE:FIRSTFIN Share Price * DSE (2020-03-25) in BDT BDT5.1
Bangladesh Consumer Finance Industry PB Ratio Median Figure of 7 Publicly-Listed Consumer Finance Companies 1.05x
Bangladesh Market PB Ratio Median Figure of 263 Publicly-Listed Companies 0.95x
DSE:FIRSTFIN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DSE:FIRSTFIN Share Price ÷ Book Value per Share (both in BDT)

= 5.1 ÷ 4.09

1.25x

* Primary Listing of First Finance.

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

  • First Finance is overvalued based on assets compared to the BD Consumer Finance industry average.
X
Value checks
We assess First Finance's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Finance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Finance industry average (and greater than 0)? (1 check)
  5. First Finance has a total score of 0/6, 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.

FIRSTFIN Future Performance

 How is First Finance 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 First Finance 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
18.6%
Expected Consumer Finance industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Finance expected to grow at an attractive rate?
  • Unable to compare First Finance's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare First Finance's earnings growth to the Bangladesh market average as no estimate data is available.
  • Unable to compare First Finance's revenue growth to the Bangladesh market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DSE:FIRSTFIN Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
Asia Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 19.3%
Bangladesh Market Earnings Growth Rate Market Cap Weighted Average 14%
Bangladesh Market Revenue Growth Rate Market Cap Weighted Average 10%

*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
DSE:FIRSTFIN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in BDT Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DSE:FIRSTFIN Past Financials Data
Date (Data in BDT Millions) Revenue Cash Flow Net Income *
2019-09-30 -167 -899 -421
2019-06-30 -179 -790 -425
2019-03-31 -79 -253 -290
2018-12-31 -192 1,036 -405
2018-09-30 -335 1,862 -533
2018-06-30 -301 1,501 -481
2018-03-31 -227 935 -407
2017-12-31 -140 302 -305
2017-09-30 214 -1,990 62
2017-06-30 284 -1,388 176
2017-03-31 182 -1,552 77
2016-12-31 136 -1,022 50

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if First Finance is high growth as no earnings estimate data is available.
  • Unable to determine if First Finance 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
DSE:FIRSTFIN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from First Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:FIRSTFIN Past Financials Data
Date (Data in BDT Millions) EPS *
2019-09-30 -3.62
2019-06-30 -3.67
2019-03-31 -2.50
2018-12-31 -3.49
2018-09-30 -4.59
2018-06-30 -4.14
2018-03-31 -3.49
2017-12-31 -2.62
2017-09-30 0.53
2017-06-30 1.51
2017-03-31 0.66
2016-12-31 0.43

*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 First Finance will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. First Finance'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 Diversified Financials companies here
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess First Finance'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
First Finance 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.

FIRSTFIN Past Performance

  How has First Finance 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 First Finance's growth in the last year to its industry (Consumer Finance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Finance does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare First Finance's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare First Finance's 1-year growth to the BD Consumer Finance industry average as it is not currently profitable.
Earnings and Revenue History
First Finance'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 First Finance Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DSE:FIRSTFIN Past Revenue, Cash Flow and Net Income Data
Date (Data in BDT Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 -167.00 -420.64 149.95
2019-06-30 -179.22 -425.39 158.61
2019-03-31 -78.79 -289.61 164.63
2018-12-31 -192.28 -405.38 164.17
2018-09-30 -334.61 -533.29 162.42
2018-06-30 -300.63 -480.60 155.01
2018-03-31 -227.31 -406.99 149.44
2017-12-31 -140.43 -304.91 145.92
2017-09-30 214.39 62.50 142.06
2017-06-30 283.78 175.75 104.39
2017-03-31 182.04 76.52 110.76
2016-12-31 135.72 50.12 99.24
2016-09-30 -171.88 -207.64 112.23
2016-06-30 -229.12 -226.17 139.24
2016-03-31 -175.35 -157.21 115.34
2015-12-31 29.97 9.37 115.83
2015-09-30 184.23 34.05 132.85
2015-06-30 265.59 51.77 129.30
2015-03-31 248.25 69.18 130.77
2014-12-31 233.44 73.28 122.48
2014-09-30 99.58 82.68 96.22
2014-06-30 161.09 128.57 86.79
2014-03-31 188.61 129.45 84.35
2013-12-31 196.07 133.17 80.18
2013-09-30 371.74 243.40 56.03
2013-06-30 283.90 175.17 52.30

*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 First Finance has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if First Finance has efficiently used its assets last year compared to the BD Consumer Finance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if First Finance 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 First Finance's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Finance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Finance 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.

FIRSTFIN Health

 How is First Finance'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 First Finance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • First Finance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • First Finance's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of First Finance'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 8x 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 First Finance Company Filings, last reported 6 months ago.

DSE:FIRSTFIN Past Debt and Equity Data
Date (Data in BDT Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 476.18 1,139.78 354.94
2019-06-30 607.89 1,129.09 374.55
2019-03-31 776.22 1,140.48 406.60
2018-12-31 858.53 1,133.20 1,413.91
2018-09-30 896.82 1,207.56 1,387.73
2018-06-30 1,033.28 1,312.13 1,333.54
2018-03-31 1,065.83 1,739.25 1,299.47
2017-12-31 1,263.91 2,050.41 1,361.46
2017-09-30 1,430.10 2,047.91 299.47
2017-06-30
2017-03-31 1,472.82 1,788.70 437.38
2016-12-31 1,568.81 1,441.08 460.71
2016-09-30 1,367.60 985.55 755.43
2016-06-30 1,338.13 977.66 867.12
2016-03-31 1,396.30 953.37 1,139.28
2015-12-31 1,518.69 1,138.77 114.58
2015-09-30 1,575.24 817.08 472.51
2015-06-30 1,564.30 1,431.13 477.04
2015-03-31 1,553.51 1,366.85 736.63
2014-12-31 1,509.32 2,062.54 52.28
2014-09-30 1,541.19 1,601.38 1,508.33
2014-06-30 1,512.53 1,249.21 1,431.50
2014-03-31 1,484.34 1,093.81 680.99
2013-12-31 1,436.04 1,526.51 715.49
2013-09-30 1,458.78 1,603.27 601.29
2013-06-30 1,132.40 1,543.47 367.83
  • First Finance's level of debt (239.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (104.3% vs 239.4% today).
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.

  • First Finance has less than a year of cash runway based on current free cash flow.
  • First Finance has less than a year of cash runway if free cash flow continues to grow at historical rates of 10.3% each year.
X
Financial health checks
We assess First Finance'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. First Finance has a total score of 2/6, 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.

FIRSTFIN Dividends

 What is First Finance'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 First Finance dividends.
If you bought BDT2,000 of First Finance shares you are expected to receive BDT0 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 First Finance's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate First Finance'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
DSE:FIRSTFIN 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
Asia Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 3%
Bangladesh Market Average Dividend Yield Market Cap Weighted Average of 212 Stocks 4.2%
Bangladesh Minimum Threshold Dividend Yield 10th Percentile 0.8%
Bangladesh Bottom 25% Dividend Yield 25th Percentile 1.8%
Bangladesh Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

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

  • Unable to perform a dividend volatility check as First Finance has not reported any payouts.
  • Unable to verify if First Finance's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of First Finance's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as First Finance has not reported any payouts.
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 First Finance's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 First Finance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Finance 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.

FIRSTFIN Management

 What is the CEO of First Finance'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
Md. Reza
TENURE AS CEO 1.3 years
CEO Bio

Mr. Md. Tuhin Reza serves as the Managing Director, Chief Executive Officer and Director at First Finance Limited since 2019. Mr. Md. Tuhin Reza is an experienced and accomplished banking personal with in-depth knowledge and expertise in retail banking, corporate banking, SME banking and alternate channels. Additionally, he has sound expertise in Capital Market. He started his banking career in 2000 at IFIC Bank Ltd. He then served Standard Chartered Bank, ICB Islamic Bank, Alif Assets Management and Bengal Investments before joining First Finance Limited as Additional Managing Director in 2016. For his outstanding performance, he was awarded as ‘Most Volume Contributor’ in 2006 and 2007 and received ‘BFS Champion Award 2003’ at by Standard Chartered Bank. He also received Best Coordinator (Training) at IFIC Bank in 2001 and 2002. Mr. Reza has a Masters in Social Science and Masters in Business Administration. He participated in numerous television shows as a Capital Market Specialist in several national television channels.

CEO Compensation
  • Insufficient data for Md. to compare compensation growth.
  • Insufficient data for Md. to establish whether their remuneration is reasonable compared to companies of similar size in Bangladesh.
Management Team Tenure

Average tenure of the First Finance management team in years:

1.5
Average Tenure
  • The average tenure for the First Finance management team is less than 2 years, this suggests a new team.
Management Team

Md. Reza

TITLE
MD, CEO & Director
TENURE
1.3 yrs

Anamul Huq

TITLE
Assistant VP & Head of Legal
TENURE
1.3 yrs

Sajid Purification

TITLE
Senior Vice President

Khandaker Hossain

TITLE
Senior EVP & Head of CRM

Abul Ahmed

TITLE
Senior Executive Vice President
TENURE
1.8 yrs

Maksumul Mahmud

TITLE
Executive VP & Head of Recovery & Monitoring
TENURE
2.3 yrs

Abdullah Yousuf

TITLE
Head of ICC Department & Assistant VP

Abdullah Asif

TITLE
SAVP and Head of ICT & Branding
TENURE
0.3 yrs

Md. Mahiuddin

TITLE
Assistant VP & Head of Liability

Mohammad Khan Dipu

TITLE
Senior VP & Head of Treasury
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the First Finance board of directors in years:

1.3
Average Tenure
62
Average Age
  • The average tenure for the First Finance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Md. Alam

TITLE
Chairman of the Board
TENURE
0.8 yrs

Md. Reza

TITLE
MD, CEO & Director
TENURE
1.3 yrs

Md. Mujibur Chowdhury

TITLE
Independent Vice Chairman of the Board
AGE
73

Khan Mohammad Hasan

TITLE
Independent Vice Chairman of the Board
AGE
46
TENURE
1.3 yrs

Habibur Rahman

TITLE
Independent Director
TENURE
1.3 yrs

A.Q.M. Faisal Chowdhury

TITLE
Director
AGE
51

Ataul Haq

TITLE
Independent Director
AGE
79

Abu Zakir

TITLE
Director
TENURE
1.3 yrs

Amatun Noor

TITLE
Director
TENURE
1.3 yrs

Md. Hossain

TITLE
Director
TENURE
1.3 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 (BDT) Value (BDT)
X
Management checks
We assess First Finance'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. First Finance 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.

FIRSTFIN News

Simply Wall St News

FIRSTFIN Company Info

Description

First Finance Limited provides financial services to industrial and commercial customers in Bangladesh. It offers term deposits; car, home, real estate related, renewable continuous, women entrepreneur, and small and medium enterprise loans; and bridge and hire purchase equity, lease/loan, working capital, short term, corporate, structured, and syndicated finance services. The company also offers bill purchase/discounting and monthly saving scheme services. It operates through a network of six branches. The company was formerly known as First Lease Finance and Investment Limited and changed its name to First Finance Limited in April 2015. First Finance Limited was founded in 1993 and is headquartered in Dhaka, Bangladesh.

Details
Name: First Finance Limited
FIRSTFIN
Exchange: DSE
Founded: 1993
BDT592,723,315
116,220,258
Website: http://www.first-finance.com.bd
Address: First Finance Limited
Jahangir Tower,
3rd Floor,
Dhaka,
1215,
Bangladesh
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DSE FIRSTFIN Ordinary Shares Dhaka Stock Exchange Ltd. BD BDT 14. Oct 2003
Number of employees
Current staff
Staff numbers
0
First Finance employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 14:37
End of day share price update: 2020/03/25 00:00
Last earnings filing: 2019/10/30
Last earnings reported: 2019/09/30
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.