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Finbar Group (FRI) Fair Value & Analysis

Real Estate · AU · Market cap A$192M

FG Finbar Group FRI · AU
PriceA$0.7200
Fair ValueA$0.9700
Upside+34.7%
Quality74/100
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Mixed Growth
Thin margins · 8.9% net margin
Low debt · generates free cash flow
6.43% dividend yield
Ranks above peers (11/14)
Narrow moat 41/100
Evidence: High Range A$0.6800 – A$1.28 Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 24 days ago

Share price +1.4% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (A$0.6800 to A$1.28) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

A$0.9112 A$0.5049 Fair Value A$0.9700 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.5049 – A$0.9112 · fair‑value band A$0.6800 – A$1.28 · the A$0.7200 price screens below the A$0.9700 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Finbar Group (FRI) currently trades at A$0.7200, while our model-based Fair Value estimate is A$0.9700, implying the stock looks roughly 34.7% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Finbar Group generated revenue of A$176M at a net margin of 8.9%. Revenue declined 49.9% year over year. It earns a return on equity of 6.3%. Net debt stands at A$13.9M. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$0.6800 (bear case) to A$1.28 (bull case); at A$0.7200, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 32% fair-value upside, at 35%, FRI screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF A$7.33 A$11.48 A$18.87 80
Residual Income A$0.6500 A$0.6600 A$0.6000 76
Rev-Margin DCF A$3.30 A$4.57 A$6.92 74
All 16 models by family
DCF Models
FCF DCF A$7.83 A$10.97 A$20.14 38
5Y Revenue Exit A$3.28 A$4.26 A$6.21 39
5Y EBITDA Exit A$3.44 A$4.58 A$6.78 41
10Y Revenue Exit A$4.94 A$7.66 A$8.48 36
10Y EBITDA Exit A$5.06 A$7.96 A$12.01 37
Dividend Discount
Gordon GGM A$0.5600 A$0.9300 A$1.21 70
DDM Multi-Stage A$0.5600 A$0.8900 A$1.00 61
Multiples
P/S Multiple A$0.6700 A$0.9000 A$1.12 58
P/B Multiple A$0.6700 A$0.9000 A$1.12 55
EV/EBIT A$1.30 A$1.73 A$2.17 53
EV/EBITDA A$1.02 A$1.36 A$1.70 54
EV/Revenue A$0.7200 A$1.03 A$1.33 43
Asset-Based
NCAV (Graham) A$0.4600 A$0.6100 A$0.9200 50
Growth DCF
Growth DCF A$7.33 A$11.48 A$18.87 80
Rev-Margin DCF A$3.30 A$4.57 A$6.92 74
Economic Profit
Residual Income A$0.6500 A$0.6600 A$0.6000 76

Widest divergence: DCF Models (A$7.66) versus Asset-Based (A$0.6100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$176M
Revenue growth (YoY) -49.9%
Net margin 8.9%
Return on equity 6.3%
Free cash flow A$180M FY2025
P/E ratio 11.8
More key figures
Operating margin 15.6%
EPS (TTM) A$0.0600
Dividend yield 6.4%
EPS growth (YoY) +13.1%
Net debt A$13.9M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 74/100

Of which business quality 72 · Market factors (momentum, volatility) 51

Profitability 34
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 38
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Finbar Group Limited, together with its subsidiaries, engages in the property development and investment business in Australia. The company operates through Residential Apartment Development, Commercial Office/Retail Development, and Rental of Property segments.

Full company description

Finbar Group Limited, together with its subsidiaries, engages in the property development and investment business in Australia. The company operates through Residential Apartment Development, Commercial Office/Retail Development, and Rental of Property segments. It is involved in the development of commercial properties and medium to high density residential buildings; and sells residential and commercial properties, as well as rents its properties. The company was incorporated in 1984 and is based in East Perth, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Finbar Group reported revenue of A$284M in FY2025 versus A$103M in FY2021, a compound +28.8%/yr. Reported net income was A$14.4M in FY2025, compounding +12.9%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$284M
Latest YoY
+52.8%
Avg. growth/yr (3Y) 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.
+46.2%
Avg. growth/yr (5Y) 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.
+13.2%
Avg. growth/yr (25Y) 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.
+17.8%
Revenue +28.8%/yr
FY21 A$103M
FY22 A$91.1M
FY23 A$34.0M
FY24 A$186M
FY25 A$284M
Net income +12.9%/yr
FY21 A$8.8M
FY22 A$10.9M
FY23 A$3.1M
FY24 A$16.6M
FY25 A$14.4M
Character of growth · EPS growth decomposed (2014-2025) −9.7 % p.a.
Revenue per share −1.1 pp

of which total revenue +0.9 pp · buybacks/dilution −2.0 pp

EBIT margin −8.4 pp
Tax rate −0.5 pp
Residual (interest, one-offs) +0.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Finbar Group Fair Value". https://www.fairvalue-calculator.com/stock/FRI

Peer Group

Real Estate - Development · 588 stocks

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.

Quality Score 74 · Top 25%
Fair Value upside +35% · Above median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 16% · Above median
Revenue growth -50% · Bottom 25%
Dividend yield (TTM) 6.4% · Top 25%
Debt / equity 0.14× · Lower than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than median
P/B 0.54× · Pricier than median
P/S (TTM) 0.77× · Cheaper than median
P/FCF 0.8× · Pricier than median
EV/EBITDA 6.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 80 · sector 48
FUTURE 0 · sector 0
PAST 25 · sector 10
HEALTH 93 · sector 84
DIVIDEND 100 · sector 38

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Finbar Group (FRI) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.9700 versus a price of A$0.7200, about +35% (undervalued).
What is the fair value of FRI?
Our model-based fair value for Finbar Group is A$0.9700 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.7200.
What is the quality score of FRI?
Finbar Group has a Quality Score of 74/100. 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 revenue of Finbar Group (FRI)?
Finbar Group reported trailing-twelve-month revenue of about A$176M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of FRI?
The net profit margin of Finbar Group is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Finbar Group pay a dividend?
Finbar Group currently shows a dividend yield of about 6.52% relative to its recent price (as of Jul 17, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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