Finbond Group Ltd (FGL) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Finbond Group Ltd stock ZAR 0.90, price ZAR 0.45, upside +100.0%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range R0.2600 – R1.49 · fair‑value band R0.3190 – R1.22 · the R0.4500 price screens below the R0.9000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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Finbond Group Limited operates as a financial services institution in North America and South Africa. The company operates through Deposit and Debt Finance Products, Lending, Property Investment, and Transactional Banking segments.
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The company offers short-term consumer lending services; transactional banking products; personal banking; overdraft facility; business banking products, such as commercial, business, and small enterprise accounts; business credit services; savings and investment products; online and mobile banking; and secured lending, as well as insurance products.
Finbond Group Limited was incorporated in 2001 and is headquartered in Pretoria, the Republic of South Africa.
Stock analysis
Finbond Group Ltd (FGL) currently trades at R0.4500, while our model-based Fair Value estimate is R0.9000, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of R2.80 per share, and 12 of the 13 models we run sit above the R0.4500 price.
Bear case: the Asset-Based group reads lowest at R0.2300, and 1 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: R0.3190 (bear) to R1.22 (bull), the price of R0.4500 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Finbond Group Ltd reported revenue of 1.5B ZAR in FY2026 versus 1.5B ZAR in FY2022, a compound −1.1%/yr. Reported net income was 69.4M ZAR in FY2026.
Key figures
Market cap 209M ZAR Micro · P/E ratio 9.0 · P/S ratio 0.42 · EPS (TTM) R0.0500 · Dividend yield 0.1% · Net margin 4.7% · Return on equity 11.4% · Return on assets (EBIT) 1.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 55 out of 100 (medium confidence).
What moves the price
The share trades about 67% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at 100%, FGL screens cheaper than that median.
Fair Value models
BearR0.3190Fair Value R0.9000BullR1.22
Price R0.4500 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then (0.0348 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−4.8%
Start year 2021 (pandemic). Over 10 years: +12.2% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.6%
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What shareholders gained per year (last 5 years), in ZAR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.7%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.7% vs 4.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−3% → 16%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Approximate: the rate leans on 2026, which sits 315% above its own trend.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Mortgage Finance · 49 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)11.4% · Above median
Return on assets1.6% · Above median
Net margin (12 months)3.9% · Bottom 25%
Operating margin (12 months)31.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−2.2% · Bottom 25%
Dividend yield (12 months)0.1% · Bottom 25%
Valuation Multiplesvs Mortgage Finance median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Finbond Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FGL
Frequently asked questions
Is Finbond Group Ltd (FGL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of R0.9000 versus a price of R0.4500, about +100% upside (undervalued).
What is the fair value of FGL?
Our model-based fair value for Finbond Group Ltd is R0.9000 (as of Nov 7, 2026), built from audited fundamentals. The current price: R0.4500.
What is the quality score of FGL?
Finbond Group Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Finbond Group Ltd (FGL)?
Our model-based price target is the fair value of R0.9000 (as of Nov 7, 2026) from 13 valuation models. Cautious scenario R0.3190, optimistic scenario R1.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Finbond Group Ltd stock forecast for 2026?
Our models put fair value at R0.9000, about +100% upside versus a price of R0.4500 (undervalued). Cautious scenario R0.3190, optimistic scenario R1.22. The calculation is refreshed regularly with new filings.
What is the revenue of Finbond Group Ltd (FGL)?
Finbond Group Ltd reported trailing-twelve-month revenue of about 1.8B ZAR (latest available figure, as of Nov 7, 2026).
Does Finbond Group Ltd pay a dividend?
Finbond Group Ltd currently shows a dividend yield of 0.12% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Finbond Group Ltd (FGL)?
Finbond Group Ltd has a dividend yield of 0.1%.
What is the intrinsic value of Finbond Group Ltd (FGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Finbond Group Ltd it is R0.9000 per share (as of Nov 7, 2026), against a price of R0.4500. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Finbond Group Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, FGL trades below its calculated fair value: price R0.4500, fair value R0.9000, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FGL?
No. The price is what the market pays today (R0.4500); the fair value is what the company's own numbers justify (R0.9000). For Finbond Group Ltd the two are R0.4500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Finbond Group Ltd worth?
The market values Finbond Group Ltd at about 209M ZAR (market capitalisation, as of Nov 7, 2026). Per share that is R0.4500; our models calculate a fair value of R0.9000 per share.
What do the bullish and bearish scenarios say about FGL?
Our models span a range for Finbond Group Ltd: cautious scenario R0.3190, base R0.9000, optimistic R1.22 per share (as of Nov 7, 2026, price R0.4500). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FGL?
Finbond Group Ltd trades at a price-to-earnings ratio of 9.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R0.9000 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2019 to 2026), reported earnings: 26.4. Other multiples: P/B 0.4, P/S 0.1.
How solid is the balance sheet of Finbond Group Ltd (FGL)?
Balance-sheet figures for Finbond Group Ltd (as of Nov 7, 2026): return on equity 11.4%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is FGL from its 52-week high?
Finbond Group Ltd trades at R0.4500, about 67% below its 52-week high of R1.36 and 2% above the low of R0.4400 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R0.9000 is for.
Which stocks are comparable to Finbond Group Ltd?
From the same area (Financial Services) we also value Rocket Companies, Inc, Bajaj Housing Finance Limited, PennyMac Financial Services, Inc, LIC Housing Finance Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Finbond Group Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price R0.4500, calculated fair value R0.9000 (+100%), Quality Score 67/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FGL calculated?
We run Finbond Group Ltd through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of R0.9000 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Finbond Group Ltd currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Finbond Group Ltd (FGL)?
The closing price on Nov 6, 2026 was R0.4500. Our model-based fair value is R0.9000, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Finbond Group Ltd right now?
The model range is unusually wide (R0.3190 to R1.22). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Finbond Group Ltd (FGL) come from?
Earnings per share at Finbond Group Ltd grew −7.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +9.9 %, EBIT margin −14.7 %, tax rate −1.6 %, residual (interest, one-offs) +0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Finbond Group Ltd
How large is the market capitalisation of Finbond Group Ltd (FGL)?
The market capitalisation of Finbond Group Ltd is 209M ZAR. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Finbond Group Ltd (FGL)?
The price-to-sales ratio of Finbond Group Ltd is 0.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Finbond Group Ltd (FGL)?
Earnings per share at Finbond Group Ltd are R0.0500 (price ÷ EPS = P/E 9.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Finbond Group Ltd (FGL)?
The dividend yield of Finbond Group Ltd is 0.1% (payout 1.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Finbond Group Ltd (FGL)?
The net margin of Finbond Group Ltd is 4.7% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Finbond Group Ltd (FGL)?
The return on equity (ROE) of Finbond Group Ltd is 11.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Finbond Group Ltd (FGL)?
On an EBIT basis the return on assets of Finbond Group Ltd is 1.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Finbond Group Ltd (FGL)?
The operating margin of Finbond Group Ltd is 31.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Finbond Group Ltd (FGL)?
Revenue at Finbond Group Ltd is growing −2.2% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Finbond Group Ltd (FGL)?
Earnings per share at Finbond Group Ltd are growing −62.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Finbond Group Ltd (FGL) generate?
The free cash flow of Finbond Group Ltd is 310M ZAR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Finbond Group Ltd (FGL) carry?
The net debt of Finbond Group Ltd is 2.7B ZAR (fiscal year 2026, ≈ 8.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026