Professional
Added to YB: 2023-11-16
Pitch date: 2023-11-16
FID.AX [bullish]
Fiducian Group Ltd
+138.86%
current return
Author Info
Hurdle Rate is an Australian Unit Trust run by a CPA who shares global stock pitches on their website. Sign up for the newsletter.
Company Info
Fiducian Group Ltd, through its subsidiaries, provides financial services in Australia. It operates through Funds Management, Financial Planning, Corporate Services, and Platform Administration segments.
Market Cap
AUD 421.7M
Pitch Price
AUD 5.09
Price Target
N/A
Dividend
3.70%
EV/EBITDA
12.70
P/E
22.71
EV/Sales
4.40
Sector
Capital Markets
Category
dividend
Hurdle Rate Unit Trust: – Fiducian Group (ASX:FID)
FID.AX: Fiducian, diversified Aussie financial services co since '96, 18% 20yr CAGR. Founder-led, 30% drawdown despite 19% rev growth. Correlated w/ markets, 21% of 5yr FUM growth from net inflows. Rev: mgmt fees, admin fees, advice. 90%+ profits tied to markets. 11x PE ex-cash, 9.5-10% fwd gross div yield w/ franking. Targeting $560m net flows/yr, 20% salaried adviser rev growth.
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