Finbar Group Limited (FRI) AI Stock Analysis

• Market Cap: AU$223.14M
• Dividend Yield: 11.98%
• Average Volume (3M): 300.04K
• Price to Earnings (P/E): 15.5
• Beta (1Y): 0.17
• 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: 243,118
• 30 Day Avg. Volume: 300,036
• PEG Ratio: -1.01
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.69
• P/FCF Ratio: 1.09
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 65 Neutral
• Price Target: AU$1.00 ▲(19.05% Upside)

Finbar Group Limited's overall stock score is driven by a strong balance sheet and attractive dividend yield, offset by declining revenue and profit margins. Technical indicators suggest positive momentum, supporting a moderately favorable outlook.

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 sale of residential properties, including apartments and mixed-use developments. The company earns income by developing properties and then selling them to individual buyers or investors. Key revenue streams include pre-sales and final sales of residential units, with income recognized upon settlement. Additionally, Finbar may derive revenue from joint ventures and partnerships with other developers and investors, which can enhance project financing and mitigate risks. The company’s focus on sustainable and innovative designs attracts buyers and investors, contributing to its overall financial performance.

Finbar Group Limited Financial Statement Overview

Summary

Finbar Group Limited shows a mixed financial performance. The income statement indicates a significant revenue decline and decreased profit margins, but the company maintains operational efficiency with a positive EBIT margin. The balance sheet is strong with low leverage, and cash flow has improved, though sustainability is a concern.

Income Statement

Finbar Group Limited's income statement reveals a challenging period with a significant revenue decline of nearly 30% in the latest year. Gross and net profit margins have decreased, indicating pressure on profitability. However, the company maintains a positive EBIT margin, suggesting some operational efficiency despite the revenue drop.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.20, indicating financial stability. However, the return on equity has decreased, reflecting lower profitability. The equity ratio remains healthy, suggesting a solid asset base.

Cash Flow

Cash flow analysis indicates a substantial improvement in operating cash flow, turning positive after a negative period. The free cash flow to net income ratio is nearly 1, showing effective cash generation relative to profits. However, free cash flow growth is negative, highlighting potential challenges in sustaining cash flow improvements.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	284.47M	284.47M	186.14M	33.97M	91.11M	103.39M
Gross Profit	34.34M	34.34M	20.92M	11.50M	16.43M	17.29M
EBITDA	21.99M	21.99M	22.70M	4.36M	8.09M	8.91M
Net Income	14.38M	14.38M	16.60M	3.13M	10.91M	8.85M
Balance Sheet
Total Assets	360.18M	360.18M	704.53M	444.26M	348.13M	345.50M
Cash, Cash Equivalents and Short-Term Investments	36.40M	36.40M	220.15M	18.18M	33.79M	52.74M
Total Debt	50.33M	50.33M	388.77M	177.14M	85.20M	71.48M
Total Liabilities	111.08M	111.08M	448.04M	204.19M	105.40M	102.86M
Stockholders Equity	249.10M	249.10M	256.50M	240.07M	242.73M	242.64M
Cash Flow
Free Cash Flow	179.59M	179.59M	-15.29M	-112.79M	-8.70M	18.04M
Operating Cash Flow	179.63M	179.63M	-15.13M	-112.59M	-8.60M	18.11M
Investing Cash Flow	-20.94M	-18.57M	6.62M	11.11M	-14.82M	5.26M
Financing Cash Flow	-344.81M	-344.81M	211.66M	86.45M	4.03M	-1.36M

Finbar Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 0.84 is above the 20-day moving average (MA) of 0.83, above the 50-day MA of 0.78, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 54.00 is Neutral, neither overbought nor oversold. The STOCH value of 38.89 is Neutral, 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 *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
FRI	65 Neutral	AU$223.14M	15.53	5.69%	11.98%	47.37%	-13.44%
HGL	51 Neutral	―	―	―	―	4.40%	28.57%
URF	45 Neutral	AU$207.26M	―	-5.60%	2.53%	-35.85%	35.27%
CAQ	41 Neutral	AU$6.46M	―	-5.75%	―	-36.70%	-2150.00%
MPX	38 Underperform	AU$20.47M	3.34	-13.36%	―	-81.98%	-131.34%
LHM	33 Underperform	―	―	―	―	―	―

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.