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Frontier IP Group

AIM:FIPP
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FIPP
AIM
£28M
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Frontier IP Group Plc, through its subsidiaries, engages in assisting universities, research institutions, and companies in the development and commercialization of their intellectual property (IP) in the United Kingdom. The last earnings update was 6 days ago. More info.


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FIPP Share Price and Events
7 Day Returns
0.9%
AIM:FIPP
-0.3%
GB Capital Markets
-0.5%
GB Market
1 Year Returns
-18.2%
AIM:FIPP
18.8%
GB Capital Markets
3.7%
GB Market
FIPP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Frontier IP Group (FIPP) 0.9% -2.6% -15.8% -18.2% 77.8% 77.8%
GB Capital Markets -0.3% -1.2% 3.2% 18.8% 63.8% 107.4%
GB Market -0.5% 1.4% 3.1% 3.7% 7.8% 3.8%
1 Year Return vs Industry and Market
  • FIPP underperformed the Capital Markets industry which returned 18.8% over the past year.
  • FIPP underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 3.7% over the past year.
Price Volatility
FIPP
Industry
5yr Volatility vs Market

FIPP Value

 Is Frontier IP 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 Frontier IP 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 Frontier IP Group.

AIM:FIPP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= £0.32 * 10%
£0.03
Book Value of Equity per Share Median Book Value from the past 5 years. £0.32
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 AIM:FIPP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 19%) (0%))
0.835
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.835 * 6.65%)
6.78%

Discounted Cash Flow Calculation for AIM:FIPP using Excess Returns Model Model

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

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

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

Note the calculations below are per share.

See our documentation to learn about this calculation.

AIM:FIPP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10% – 6.78%) * £0.32)
£0.01
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.01 / (6.78% - 1.23%)
£0.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £0.32 + £0.19
£0.51
AIM:FIPP Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.51
Current discount Discount to share price of £0.56
= -1 x (£0.56 - £0.51) / £0.51
-10.3%

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

  • The current share price of Frontier IP 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 Frontier IP Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Frontier IP Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:FIPP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.06
AIM:FIPP Share Price ** AIM (2019-11-12) in GBP £0.56
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 42 Publicly-Listed Capital Markets Companies 20.19x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 752 Publicly-Listed Companies 16.92x

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

** Primary Listing of Frontier IP Group.

AIM:FIPP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:FIPP Share Price ÷ EPS (both in GBP)

= 0.56 ÷ 0.06

9.71x

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

  • Frontier IP Group is good value based on earnings compared to the GB Capital Markets industry average.
  • Frontier IP Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Frontier IP Group's expected growth come at a high price?
Raw Data
AIM:FIPP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
4%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.1x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 555 Publicly-Listed Companies 1.39x

*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 IP Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Frontier IP Group's assets?
Raw Data
AIM:FIPP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £0.42
AIM:FIPP Share Price * AIM (2019-11-12) in GBP £0.56
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,305 Publicly-Listed Companies 1.5x
AIM:FIPP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:FIPP Share Price ÷ Book Value per Share (both in GBP)

= 0.56 ÷ 0.42

1.34x

* Primary Listing of Frontier IP Group.

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

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

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

FIPP Future Performance

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

  • No analysts cover Frontier IP Group, future earnings growth has been estimated based on fundamentals.
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
4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Frontier IP Group expected to grow at an attractive rate?
  • Frontier IP Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Frontier IP Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Frontier IP Group's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
AIM:FIPP Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:FIPP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 4%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.9%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
AIM:FIPP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:FIPP Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
AIM:FIPP Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 4 -1 2
2019-03-31 4 -1 2
2018-12-31 3 -1 2
2018-09-30 3 -1 1
2018-06-30 2 -1 1
2018-03-31 3 -1 1
2017-12-31 3 -1 1
2017-09-30 2 -1 1
2017-06-30 2 -1 1
2017-03-31 2 -1 1
2016-12-31 2 -1 1
2016-09-30 2 -1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Frontier IP Group's earnings are expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Frontier IP 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
AIM:FIPP 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 0 Analyst Estimates (S&P Global) See Below

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

AIM:FIPP Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
AIM:FIPP Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.06
2019-03-31 0.05
2018-12-31 0.04
2018-09-30 0.03
2018-06-30 0.02
2018-03-31 0.03
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.04
2017-03-31 0.03
2016-12-31 0.03
2016-09-30 0.04

*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 Frontier IP Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Frontier IP 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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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 IP Group has a total score of 1/6, 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.

FIPP Past Performance

  How has Frontier IP 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 Frontier IP Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Frontier IP Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Frontier IP Group's 1-year earnings growth exceeds its 5-year average (160.5% vs 32.8%)
  • Frontier IP Group's earnings growth has exceeded the GB Capital Markets industry average in the past year (160.5% vs 4.7%).
Earnings and Revenue History
Frontier IP 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 Frontier IP Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:FIPP Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 4.27 2.35 1.93
2019-03-31 3.81 2.03 1.83
2018-12-31 3.35 1.70 1.73
2018-09-30 2.86 1.30 1.60
2018-06-30 2.36 0.90 1.46
2018-03-31 2.51 1.13 1.34
2017-12-31 2.65 1.36 1.22
2017-09-30 2.48 1.29 1.15
2017-06-30 2.31 1.23 1.08
2017-03-31 2.10 1.06 1.03
2016-12-31 1.88 0.90 0.98
2016-09-30 1.96 1.01 0.94
2016-06-30 2.03 1.13 0.90
2016-03-31 1.47 1.28 0.90
2015-12-31 0.92 1.44 0.90
2015-09-30 0.54 1.04 0.92
2015-06-30 0.17 0.65 0.94
2015-03-31 0.55 0.21 0.93
2014-12-31 0.94 -0.22 0.91
2014-09-30 0.86 -0.10 0.83
2014-06-30 0.79 0.03 0.74
2014-03-31 0.45 -0.13 0.70
2013-12-31 0.11 -0.28 0.66
2013-09-30 0.11 -0.32 0.57
2013-06-30 0.12 -0.37 0.49
2013-03-31 0.16 -0.32 0.46
2012-12-31 0.20 -0.28 0.44

*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.
  • Frontier IP Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Frontier IP Group used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Frontier IP Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Frontier IP Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Frontier IP Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

FIPP Health

 How is Frontier IP 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 Frontier IP Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Frontier IP Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Frontier IP Group has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Frontier IP Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Frontier IP Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Frontier IP Group Company Filings, last reported 4 months ago.

AIM:FIPP Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 17.59 0.00 1.86
2019-03-31 17.59 0.00 1.86
2018-12-31 16.34 0.00 2.53
2018-09-30 16.34 0.00 2.53
2018-06-30 12.72 0.00 1.11
2018-03-31 12.72 0.00 1.11
2017-12-31 12.23 0.00 1.85
2017-09-30 12.23 0.00 1.85
2017-06-30 11.76 0.00 2.33
2017-03-31 11.76 0.00 2.33
2016-12-31 8.01 0.00 0.19
2016-09-30 8.01 0.00 0.19
2016-06-30 7.67 0.00 0.77
2016-03-31 7.67 0.00 0.77
2015-12-31 6.12 0.00 0.26
2015-09-30 6.12 0.00 0.26
2015-06-30 5.56 0.00 0.64
2015-03-31 5.56 0.00 0.64
2014-12-31 3.84 0.00 0.18
2014-09-30 3.84 0.00 0.18
2014-06-30 4.07 0.00 0.59
2014-03-31 4.07 0.00 0.59
2013-12-31 4.04 0.00 0.99
2013-09-30 4.04 0.00 0.99
2013-06-30 2.75 0.00 0.16
2013-03-31 2.75 0.00 0.16
2012-12-31 3.03 0.00 0.37
  • Frontier IP Group has no debt.
  • Frontier IP Group has not taken on any debt in the past 5 years.
  • Frontier IP Group has no debt, it does not need to be covered by operating cash flow.
  • Frontier IP Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Frontier IP 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. Frontier IP Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

FIPP Dividends

 What is Frontier IP 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
0%
Current annual income from Frontier IP Group dividends.
If you bought £2,000 of Frontier IP Group shares you are expected to receive £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 IP Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Frontier IP Group'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
AIM:FIPP 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
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 680 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland 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.

AIM:FIPP Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Frontier IP Group has not reported any payouts.
  • Unable to verify if Frontier IP Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Frontier IP Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Frontier IP Group 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 Frontier IP Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 IP Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Frontier IP Group 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.

FIPP Management

 What is the CEO of Frontier IP 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
Neil Crabb
COMPENSATION £176,000
AGE 52
CEO Bio

Mr. Neil D. Crabb serves as the Chief Executive Officer of Frontier IP Group Plc. Mr. Crabb serves as the Chief Investment Officer of Sigma Capital Group Plc. He served as Joint Managing Director at Sigma Technology Management Ltd and its Employee and Fund Manager. He was Co-Founder of Sigma. He has been predominantly involved in investment management, specializing in the smaller companies sector, but with a comprehensive understanding of the technology market. From 1995 to 1996, he served at Duncan Lawrie Limited where he was an investment manager with responsibility for a range of managed portfolios. He was responsible for investment activity in unquoted technology companies. From 1990 to 1994, he worked for Equitable Life Assurance Society, as an Investment Analyst. Mr. Crabb served as a Joint Managing Director of Sigma Capital Group Plc. He worked in IT industry as a Systems Administrator and Data Controller for a large corporation, with direct experience of project management. He serves as the Executive Chairman of Nandi Proteins Limited. He serves as the Chairman of Weather Index Ltd., The. He served as the Executive Chairman of Frontier IP Group Plc since September 2010 and served as its Chairman until September 2010. He serves as a Director of Sigma Capital Group PLC. He has been an Executive Director of Frontier IP Group Plc since September 2010 and served as its Non Executive Director since May 13, 2009 to September 2010. Mr. Crabb serves as a Director of a number of technology businesses in the telecommunications, software and medical sectors. He serves as a Director of Sigma Technology; Investhink.com and MicroEmissive Displays Ltd. He serves as a Director of Catalyst Media Management Ltd. He serves as a Non-Executive Director of Adventis Group Plc. He serves as a Director of Phototherapeutics Group Limited and Micap plc. He has been a Director of B1 Medical Ltd since July 17, 2006. He served as a Director of Power X Ltd. He served as a Non Executive Director of Reabold Resources plc until October 31, 2010. He served as a Non Executive Director of Madge Limited. He served as a Non Executive Director of Vividas Group plc. until December 2007. Mr. Crabb served as a Director of Company Health Group plc until April 25, 2005 and McLaren Software Limited.

CEO Compensation
  • Neil's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Neil's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Neil Crabb

TITLE
CEO & Executive Director
COMPENSATION
£176K
AGE
52

Jim Fish

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£138K
AGE
62

Jackie McKay

TITLE
COO & Executive Director
COMPENSATION
£134K
AGE
60

Matt White

TITLE
Chief Commercialisation Officer & Director
COMPENSATION
£323K
AGE
45

Rui Andres

TITLE
Portfolio Manager
Board of Directors Tenure

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

5.7
Average Tenure
60
Average Age
  • The tenure for the Frontier IP Group board of directors is about average.
Board of Directors

Kevin Richmond

TITLE
Non-Executive Chairman
COMPENSATION
£42K
AGE
53

Neil Crabb

TITLE
CEO & Executive Director
COMPENSATION
£176K
AGE
52
TENURE
10.5 yrs

Jim Fish

TITLE
CFO, Company Secretary & Executive Director
COMPENSATION
£138K
AGE
62
TENURE
5.7 yrs

Jackie McKay

TITLE
COO & Executive Director
COMPENSATION
£134K
AGE
60
TENURE
9.2 yrs

Matt White

TITLE
Chief Commercialisation Officer & Director
COMPENSATION
£323K
AGE
45
TENURE
0.7 yrs

Mike Bourne

TITLE
Non-Executive & Independent Director
COMPENSATION
£25K
AGE
60
TENURE
5.7 yrs

Campbell Wilson

TITLE
Non-Executive Director
COMPENSATION
£25K
AGE
64
TENURE
5.5 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 (£) Value (£)
21. Nov 18 Buy Michael Bourne Individual 21. Nov 18 21. Nov 18 32,932 £0.65 £21,406
15. Nov 18 Sell Kevin Richmond Individual 15. Nov 18 15. Nov 18 -200,000 £0.68 £-135,000
15. Nov 18 Buy Kevin Richmond Individual 15. Nov 18 15. Nov 18 200,000 £0.68 £135,000
X
Management checks
We assess Frontier IP 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. Frontier IP 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.

FIPP News

Simply Wall St News

Have Insiders Been Buying Frontier IP Group Plc (LON:FIPP) Shares?

So before you buy or sell Frontier IP Group Plc (LON:FIPP), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for Frontier IP Group The Last 12 Months Of Insider Transactions At Frontier IP Group Non-Executive Chairman Kevin Richmond made the biggest insider purchase in the last 12 months. … The transactions are fine but it'd be more encouraging if Frontier IP Group insiders bought more shares in the company.

Simply Wall St -

Here's What Frontier IP Group Plc's (LON:FIPP) P/E Ratio Is Telling Us

We'll apply a basic P/E ratio analysis to Frontier IP Group Plc's (LON:FIPP), to help you decide if the stock is worth further research. … Check out our latest analysis for Frontier IP Group How Do You Calculate A P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Frontier IP Group: P/E of 15.69 = £0.69 ÷ £0.044 (Based on the year to December 2018.) Is A High P/E Ratio Good?

Simply Wall St -

Why I Like Frontier IP Group Plc (LON:FIPP)

Basically, it is a company with great financial health as well as a an impressive track record of performance. … FIPP has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future. … AIM:FIPP Income Statement, June 26th 2019 Next Steps: For Frontier IP Group, there are three relevant aspects you should further examine: Future Outlook: What are well-informed industry analysts predicting for FIPP’s future growth?

Simply Wall St -

Frontier IP Group Plc (LON:FIPP): Commentary On Fundamentals

For those interested in understanding where the figures come from and want to see the analysis, read the full report on Frontier IP Group here. … AIM:FIPP Income Statement, June 26th 2019 Next Steps: For Frontier IP Group, I've put together three relevant aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for FIPP’s future growth? … The intrinsic value infographic in our free research report helps visualize whether FIPP is currently mispriced by the market.

Simply Wall St -

Is Frontier IP Group's (LON:FIPP) Share Price Gain Of 175% Well Earned?

For example, the Frontier IP Group Plc (LON:FIPP) share price has soared 175% in the last three years. … Over the last three years, Frontier IP Group failed to grow earnings per share, which fell 8.0% (annualized). … Frontier IP Group is not the only stock that insiders are buying.

Simply Wall St -

Is Frontier IP Group Plc's (LON:FIPP) CEO Salary Justified?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Frontier IP Group How Does Neil Crabb's Compensation Compare With Similar Sized Companies? … Frontier IP Group Plc is currently paying its CEO below what is normal for companies of its size.

Simply Wall St -

Does Market Volatility Impact Frontier IP Group Plc's (LON:FIPP) Share Price?

If you're interested in Frontier IP Group Plc (LON:FIPP), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Does Frontier IP Group Plc's (LON:FIPP) P/E Ratio Tell You?

We'll show how you can use Frontier IP Group Plc's (LON:FIPP) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Frontier IP Group's P/E ratio is 19.11. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

At UK£0.81, Is Frontier IP Group Plc (LON:FIPP) Worth Looking At Closely?

received a lot of attention from a substantial price movement on the AIM over the last few months, increasing to £0.88 at one point, and dropping to the lows of £0.76. … A question to answer is whether Frontier IP Group's current trading price of £0.81 reflective of the actual value of the? … Let’s take a look at Frontier IP Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Shareholders Are Thrilled That The Frontier IP Group (LON:FIPP) Share Price Increased 239%

For instance the Frontier IP Group Plc (LON:FIPP) share price is 239% higher than it was three years ago. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the three years of share price growth, Frontier IP Group actually saw its earnings per share (EPS) drop 5.2% per year.

Simply Wall St -

FIPP Company Info

Description

Frontier IP Group Plc, through its subsidiaries, engages in assisting universities, research institutions, and companies in the development and commercialization of their intellectual property (IP) in the United Kingdom. It develops and manages a portfolio of equity stakes; and licenses income interests from commercially-focused IP. The company was incorporated in 2007 and is based in London, the United Kingdom.

Details
Name: Frontier IP Group Plc
FIPP
Exchange: AIM
Founded: 2007
£28,241,568
50,431,372
Website: http://www.frontierip.co.uk
Address: Frontier IP Group Plc
78 Cannon Street,
London,
Greater London, EC4N 6AF,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM FIPP Ordinary Shares London Stock Exchange AIM Market GB GBP 13. May 2009
Number of employees
Current staff
Staff numbers
9
Frontier IP Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/12 20:58
End of day share price update: 2019/11/12 00:00
Last estimates confirmation: 2018/11/15
Last earnings filing: 2019/11/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.