Forum Topics FID FID FID valuation

Pinned valuation:

Added 2 months ago
Justification

August 2024

Updating for NPAT expectation of $17m for FY25. 

  •  NPAT = $17m
  •  Target PE = 18
  •  Target MC = $306m
  •  Target price = $9.72


April 2024

Started a deep dive on Fiducian Group but valuation is now getting close enough to where I think is on the higher end of fair value so will put Fiducian on the watchlist. Overall, looks like a well run financial services business, returns from funds management over the longer term are very good (relatively). Business has grown revenues and profits steadily over time.

Valuation:

Target PE = 18

NPAT estimate = $15mil

Target MC = $270mil

Valuation = $8.58 per share

thunderhead
a month ago

The price looks to be dropping after shares were accumulated in the run-up to the FY dividend ex-date.

Valuation is not compelling, but still looks good on a multi-year outlook.

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