FID: Can it emulate its larger peers?
Fiducian (ASX:FID) is a relatively small company with a market capitalization of $273 million. There are no analysts who provide forecasts for it and trade is fairly illiquid. On the upside, it has a Quality score of 99, a Momentum score of 87 and an overall StockRank of 95. The stock price has risen 60% over the past 12 months and it pays a fully franked dividend 4.5%.
Fiducian is an integrated financial services provider. It has three primary operating divisions:
Financial planningFunds managementPlatform administration
In terms of other companies with similar business models, it has similarities with financial services groups like AMP (ASX:AMP) and Insignia Financial (ASX:IFL), as well as platform operators like Hub24 (ASX:HUB) and Netwealth (ASX:NWL) but in terms of size is dwarfed by them. It out ranks all of them in terms of its StockRank and may represent an opportunity for retail investors where institutional investors fear to tread.
The revenue split for Fiducian is:
Financial planning - 36%Funds management - 37%Platform administration - 27%
The financial planning arm...