Finbar Group Limited (FRI) AI Stock Analysis

• Market Cap: AU$201.37M
• Dividend Yield: 12.58%
• Average Volume (3M): 204.45K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.07
• Revenue Growth: 47.37%
• EPS Growth: -13.44%
• Country: AU
• Employees: 21
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.02
• Shares Outstanding: 272,123,140
• 10 Day Avg. Volume: 222,772
• 30 Day Avg. Volume: 204,451
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: AU$0.50
• Price Target Upside: -32.43% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: AU$0.50 ▼(-32.43% Downside)

Finbar Group Limited's score is primarily influenced by its financial performance and valuation. Strong revenue growth and a high dividend yield are positive factors, but high leverage and cash flow challenges present significant risks. Technical analysis suggests bearish trends, contributing to the overall cautious outlook.

Finbar Group Limited Business Overview & Revenue Model

Company Description

Finbar Group Limited (FRI) is a prominent property development company based in Australia. The company specializes in the development of residential apartments and commercial properties, primarily targeting the Western Australian market. As a leading developer, Finbar Group Limited focuses on delivering high-quality, sustainable living spaces that cater to a range of demographics, from young professionals to retirees.

How the Company Makes Money

Finbar Group Limited primarily makes money through the development and sale of residential and commercial properties. The company generates revenue by purchasing land, developing it into apartment complexes or mixed-use buildings, and then selling the completed units to individuals and investors. Additionally, Finbar Group may earn rental income from properties held for investment purposes. The company's earnings are influenced by property market conditions, buyer demand, and its ability to successfully launch and sell new projects. Strategic partnerships with construction firms and local governments can also play a role in enhancing project development efficiency and profitability.

Finbar Group Limited Financial Statement Overview

Summary

Finbar Group Limited shows strong revenue growth with moderate profitability margins. The balance sheet indicates high leverage and moderate equity efficiency. Cash flow challenges, including negative operating cash flow, highlight risks in cash management.

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

Finbar Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.74
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:FRI, the sentiment is Positive. The current price of 0.74 is above the 20-day moving average (MA) of 0.70, above the 50-day MA of 0.69, and above the 200-day MA of 0.72, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 77.54 is Negative, neither overbought nor oversold. The STOCH value of 88.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:FRI.

Finbar Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$7.02B	13.41	-0.50%	6.86%	4.08%	-25.24%
FRI	62 Neutral	AU$201.37M	14.02	5.69%	12.58%	47.37%	-13.44%
MPX	60 Neutral	AU$30.71M	3.34	-13.36%	―	-81.98%	-131.34%
HGL	51 Neutral	$6.83M	―	-2.59%	―	4.40%	28.57%
URF	49 Neutral	AU$214.17M	―	-5.60%	2.45%	-35.85%	35.27%
CAQ	41 Neutral	AU$6.46M	―	-5.03%	―	-33.85%	6.82%
LHM	33 Underperform	$7.35M	―		―	―	―

Finbar Group Limited Corporate Events

Finbar Group Limited Declares AUD 0.02 Dividend for Shareholders

Finbar Group Limited has announced a dividend distribution of AUD 0.02 per share for its ordinary fully paid securities. This distribution pertains to the financial period ending on June 30, 2025, with an ex-date of July 22, 2025, and a payment date set for August 6, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and may influence investor sentiment positively.

Finbar Group Resumes Dividends and Strengthens Focus on Core Developments

Finbar Group Limited has announced the resumption of regular dividend payments, declaring a fully franked final dividend of 2 cents per share for FY25. The company ended FY25 with $36 million in cash, supporting its robust balance sheet and enabling it to balance shareholder returns with reinvestment into its development pipeline. Finbar’s five-year development pipeline exceeds $1 billion in estimated end value, positioning the company for sustained growth. The company has also completed the sale of non-core subsidiaries to focus on its core apartment development business, enhancing its balance sheet and operational efficiency.

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.