Finbar Group Limited (FRI) AI Stock Analysis

• Market Cap: AU$194.57M
• Dividend Yield: 11.19%
• Average Volume (3M): 96.31K
• Price to Earnings (P/E): 7.9
• Beta (1Y): 0.13
• Revenue Growth: 1754.87%
• EPS Growth: 386.49%
• Country: AU
• Employees: 21
• Sector: Real Estate
• Sector Strength: 56
• Industry: Real Estate - Development
• EPS (TTM): 0.09
• Shares Outstanding: 272,123,140
• 10 Day Avg. Volume: 91,817
• 30 Day Avg. Volume: 96,315
• PEG Ratio: -0.72
• Price to Book (P/B): 0.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -8.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: AU$1.00 ▲(38.89%Upside)

Finbar Group Limited's strong revenue growth and attractive valuation are significant positives. However, profitability and cash flow challenges, as well as high leverage, pose risks. The technical indicators suggest a neutral market sentiment. Addressing financial management issues and leveraging the attractive valuation could enhance the overall stock performance.

Finbar Group Limited Business Overview & Revenue Model

Company Description

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

How the Company Makes Money

Finbar Group Limited generates revenue primarily through the development and sale of residential apartments. The company undertakes large-scale property development projects in urban areas, particularly in Perth, Western Australia, where it identifies and acquires suitable land for development. Once the projects are completed, the residential units are sold to individual buyers or investors, providing a significant source of revenue. Additionally, the company may engage in joint ventures or partnerships with other property developers or investment groups to share resources and risks, potentially enhancing profitability. Finbar Group Limited's focus on strategic land acquisition, efficient project management, and market-responsive design helps drive sales and maintain a competitive edge in the property development sector.

Finbar Group Limited Financial Statement Overview

Summary

Finbar Group Limited demonstrates strong revenue growth, but profitability margins suggest room for improvement in cost management. The balance sheet reflects a high leverage position, while cash flow challenges highlight the need for better cash management strategies. Overall, while the company is growing, addressing leverage and cash flow issues will be crucial for long-term financial health.

Income Statement

The company shows a positive revenue growth trend from 2023 to 2024, with total revenue increasing significantly. The gross profit margin stands at 14.98%, and the net profit margin is 8.54%, reflecting moderate profitability. The EBIT margin is 13.52%, and EBITDA margin is 11.68%, indicating efficient operations. However, the significant revenue increase is a positive sign, but the margins suggest that improvements in cost management could enhance profitability.

Balance Sheet

Finbar Group Limited's balance sheet reveals a debt-to-equity ratio of 1.52, which is relatively high, indicating potential leverage risk. However, the company maintains a strong equity position with an equity ratio of 36.41%. Return on equity (ROE) is 6.47%, which shows moderate efficiency in using equity to generate profits. The balance sheet is stable, but reducing leverage could mitigate risk.

Cash Flow

The cash flow statement indicates negative operating cash flow of -$15.13 million and negative free cash flow of -$15.29 million, suggesting cash management challenges. The operating cash flow to net income ratio is negative, which is concerning. However, the financing cash flow is positive, indicating reliance on external financing. Continued negative free cash flow is a risk that needs addressing.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	406.14M	186.14M	31.80M	89.97M	101.16M	152.91M
Gross Profit	52.66M	20.92M	11.50M	16.43M	17.29M	16.30M
EBITDA	42.43M	22.70M	4.36M	8.09M	8.91M	11.76M
Net Income	24.49M	16.60M	3.13M	10.91M	8.85M	6.62M
Balance Sheet
Total Assets	376.01M	704.53M	444.26M	348.13M	345.50M	340.53M
Cash, Cash Equivalents and Short-Term Investments	29.57M	220.15M	18.18M	33.79M	52.74M	31.34M
Total Debt	70.31M	388.77M	177.14M	85.20M	71.48M	63.98M
Total Liabilities	131.90M	448.04M	204.19M	105.40M	102.86M	98.59M
Stockholders Equity	244.10M	256.50M	240.07M	242.73M	242.64M	241.94M
Cash Flow
Free Cash Flow	244.59M	-15.29M	-112.79M	-8.70M	18.04M	26.38M
Operating Cash Flow	244.77M	-15.13M	-112.59M	-8.60M	18.11M	26.47M
Investing Cash Flow	-4.45M	6.62M	11.11M	-14.82M	5.26M	-11.64M
Financing Cash Flow	-232.56M	211.66M	86.45M	4.03M	-1.36M	-29.73M

Finbar Group Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRI, the sentiment is Neutral. The current price of 0.72 is above the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.73, and below the 200-day MA of 0.78, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.71 is Neutral, neither overbought nor oversold. The STOCH value of 62.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:FRI.

Finbar Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRI	65 Neutral	AU$194.57M	7.94	10.09%	11.19%	1754.87%	386.49%
Sector *	63 Neutral	kr15.31B	23.08	2.22%	8.28%	-0.55%	322.72%
CNRAF		$7.57B	12.93	7.73%	4.94%	―	―
GPTGF		$6.41B	―	-1.94%	4.79%	―	―
MRVGF		$5.75B	―	-6.29%	4.21%	―	―
STGPF		$12.88B	18.59	5.94%	4.38%	―	―
STKAF		$8.65B	29.09	4.54%	2.76%	―	―

Finbar Group Limited Corporate Events

Finbar Group Expands with Strategic Palmyra Site Acquisition

Finbar Group Limited has acquired a 13,540 sqm development site in Palmyra, Western Australia, for $5.5 million plus GST. The site, which has an existing Development Approval for 130 residential apartments, is expected to contribute positively to Finbar’s earnings by FY2028, with an estimated end project value of $88 million. The acquisition, subject to FIRB approval, strengthens Finbar’s development pipeline and supports its strategy to meet Perth’s medium-density housing demand.

Finbar Group Acquires West Leederville Site for $200M Apartment Project

Finbar Group Limited has acquired a 4,997sqm site at 236 Railway Parade, West Leederville, for $15.7 million plus GST, with plans to develop approximately 240 residential apartments across two 18-storey towers. The project, subject to DA approval, is expected to have an end value of $200 million and contribute to Finbar’s earnings in FY2029/FY2030, enhancing its development pipeline and market positioning in metropolitan Perth.

Finbar Group Boosts Capital with Rivervale Land Sale

Finbar Group Limited has announced the sale of a 3,809sqm site at 6 Homelea Court, Rivervale for $13.68 million plus GST to Together Housing (WA) 2 Ltd, a charity and community housing provider. The site, which has development approval for 171 build-to-rent apartments, will enhance Finbar’s capital position, allowing the company to accelerate existing projects and pursue new development opportunities, thereby strengthening its strategic growth and diversification in the apartment development sector.

Finbar Group Announces Director Departure

Finbar Group Limited announced that Mr. Darren Pateman has ceased to be a director as of June 30, 2025. Mr. Pateman held 1,162,493 ordinary shares as a registered holder at the time of his departure. This change in directorship could impact the company’s governance and strategic direction, potentially affecting stakeholders and market perception.

Finbar Group Director Increases Shareholding

Finbar Group Limited has announced a change in the indirect interest of its director, Ms. Melissa Siew Ching Chan. On June 26, 2025, Ms. Chan acquired an additional 342,364 ordinary fully paid shares through an off-market purchase, increasing her indirect holdings to 24,060,691 shares. This acquisition, valued at $239,654.80, reflects a strategic move in the company’s governance and may influence its market perception.

Finbar Group Director Increases Stake

Finbar Group Limited has announced a change in the director’s interest notice, specifically regarding Mr. Ronald Chan. Mr. Chan, who holds an indirect interest in the company, acquired an additional 342,364 ordinary fully paid securities through an off-market purchase, raising his total indirect holdings to 24,060,691 securities. This change reflects a strategic move by the director to increase his stake in the company, potentially signaling confidence in the company’s future prospects.

Finbar Group Accelerates CEO Appointment to Ronald Chan

Finbar Group Limited has announced the accelerated appointment of Ronald Chan as Chief Executive Officer, effective immediately. Chan, who has been with the company since 2004 and served as Chief Operating Officer since 2013, is expected to lead Finbar into its next phase of growth by enhancing its development pipeline and maintaining its reputation for quality projects. The board expresses confidence in Chan’s leadership and strategic vision for the company’s future.

Finbar Group Director Increases Shareholding

Finbar Group Limited announced a change in the director’s interest, with Ms. Melissa Siew Ching Chan acquiring an additional 100,000 ordinary fully paid shares through an on-market purchase valued at $70,000. This acquisition increases her indirect holdings to 23,718,327 shares, reflecting a strategic move that may influence the company’s market perception and stakeholder confidence.

Finbar Group Director Increases Stake with Share Acquisition

Finbar Group Limited has announced a change in the interests of its director, Mr. Ronald Chan, who acquired an additional 100,000 ordinary fully paid shares indirectly, valued at $70,000, through an on-market purchase. This acquisition increases Mr. Chan’s indirect holdings, potentially signaling confidence in the company’s future prospects and stability, which may have implications for stakeholders and market perception.

Finbar Group Limited Announces Director’s Increased Shareholding

Finbar Group Limited has announced a change in the director’s interest, with Mr. John Chan acquiring an additional 100,000 ordinary fully paid shares through an on-market purchase valued at $70,000. This change reflects an increase in indirect holdings, with the total indirect securities now amounting to 31,705,198 shares. The acquisition signifies a potential strengthening of Mr. Chan’s commitment to the company, which may positively influence stakeholder confidence and market perception.