FINEOS CORPORATION HOLDINGS PLC (FCL)
Share Price Analysis and Chart

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FCL - FINEOS CORPORATION HOLDINGS PLC

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 1.58
Index: ALL-ORDS

Fineos Corp is a Dublin based software development company specialising in software solutions for the insurance and government social insurance sector. Founded in 1993, it listed on the ASX in 2019.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.695

26 May
2023

-0.045

OPEN

$1.74

-2.59%

HIGH

$1.76

251,531

LOW

$1.65

TARGET
$2.42 42.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
FCL: 1
Title FY23
Forecast		 FY24
Forecast
EPS (cps) - 11.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio N/A xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in EUR.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/09 - (franking Ex-Di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 202020212022
EPS Basic xxxxxx-12.8
DPS All xxxxxx0.0
Sales/Revenue xxxxxx197.6 M
Book Value Per Share xxxxxx80.6
Net Operating Cash Flow xxxxxx18.2 M
Net Profit Margin xxxxxx-20.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022
Return on Capital Employed xxxxxx-17.08 %
Return on Invested Capital xxxxxx-16.54 %
Return on Assets xxxxxx-12.79 %
Return on Equity xxxxxx-17.08 %
Return on Total Capital xxxxxx-12.22 %
Free Cash Flow ex dividends xxxxxx16.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022
Short-Term Debt xxxxxx2 M
Long Term Debt xxxxxx7 M
Total Debt xxxxxx9 M
Goodwill - Gross xxxxxx72 M
Cash & Equivalents - Generic xxxxxx67 M
Price To Book Value xxxxxx1.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022
Capex xxxxxx41.6 M
Capex % of Sales xxxxxx21.08 %
Cost of Goods Sold xxxxxx105 M
Selling, General & Admin. Exp & Other xxxxxx123 M
Research & Development xxxxxx27 M
Investments - Total xxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

22/03/2023

3

Downgrade to Neutral, High Risk from Neutral

$1.39

-17.99%

Citi reviews the Australian technology and communications sector post the February reporting season and, while most companies posted efficiency gains, consensus cost forecasts were raised (with many efficiency plans failing to deliver cuts) and many companies announcing plans for cost-outs.

The broker says FY23 upgrades and downgrades were fairly evenly split with WiseTech Global ((WTC)) the leader, and Fineos Corp ((FCL)) the laggard, but observes greater revenue downgrades for FY24. 

Citi expects the outllook for the sector will continue to be dominated by global interest rate movements but believes yields are likely to top-out soon, easing the pressure somewhat, and expects investors will switch their focus to durable growth.

Citi doubles down on its negative view of Fineos Corp. While the broker appreciates the company's strong subscription revenue, repeated guidance downgrades and hefty cash burns have now raised the likelihood of a capital raising. The broker now assumes a $50m raising in the December half.

Rating is downgraded to Neutral, High Risk, from Neutral. Target price slumps to $1.39 from from $2.50. This compares with a Buy rating and $4 target price on February 28, pointing to a rapid decline in Fineos' outlook.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -12.99 cents.
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -6.65 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

FCL STOCK CHART

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