Funtastic Limited (FUN)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!


General Information
Company Name: Funtastic Limited
Stock Code: FUN
Website: www.funtastic.com.au
GICS Sub-Industry: Specialty Stores
Market Cap ($M): 53
Equiv. Shares (M): 672

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.079 $ 0.080 $ 0.081 $ 0.077 $ 0.078 1,900,799 $ 0.001  1.282 %

Current Broker Consensus Recommendation more
Recommendation: Hold (3)
Recommendation Date: 22nd Jul 2014
Brokers Surveyed: 1

Company Overview

Business Description:
Funtastic Limited (FUN) is engaged in the wholesale and distribution of consumer branded lifestyle merchandise with products spanning all aspects of family life. FUN's products include children's toys, apparel & footwear, sporting goods, home ware, confectionery, educational toys & furniture, and DVD & theatrical distribution soft products. FUN operates three divisions namely, Funtastic Australia, Funtastic Brands, and Madman Entertainment. FUN has offices in Australasia, Hong Kong and China.

Strategy Analysis:
Since listing, FUN has grown organically through an increased number of new licensing relationships with major trademark and brand owners in its six divisions, as well as through the acquisition of complementary distributors. FUN is an increasingly dominant manager of children's brands in Australia. It is also looking to license proprietary product offshore. An example is FUN's patented baby stroller. It is critical FUN continues to provide customers, include the large department store retailers, with a compelling value proposition to ensure they do not source directly from licensors.


Financial Summary
Year to Jul NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2013  A 14.0 2.6 -7.1 7.8 1.0 5.0 100.0
2012  A 10.4 2.8 -- 4.1 0.0 0.0 --
2011  A -22.0 -6.3 -- 0.0 0.0 0.0 --
Source: Morningstar analyst estimates.

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F 2011 A 2012 F 2013 F
Cash Converters International (CCV) $489 M 0.0380 0.0884 0.0847 14.3939 13.2251 12.1925 0.0351 0.0369 0.0391
Funtastic (FUN) $52 M -0.0722 -0.7276 0.5143 3.0350 11.1429 7.3585 0.1282 0.0000 0.0000
Super Retail Group (SUL) $1,822 M 0.2567 -0.0521 0.0996 16.0736 16.9566 15.4205 0.0410 0.0388 0.0419

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
FUN 0.82 10.74 0.49 10.00 0.25
Market 1.18 13.9 0.99 0.95 3.36
Sector 1.12 15.8 2.20 8.24 0.92

Directors
Name Position Start Date
Mr Stewart Downs Chief Executive Officer,Managing Director 25 August 2009
Mr Grant Mackenzie Chief Financial Officer,Chief Operating Officer,Company Secretary 01 August 2014
Mr Nir Pizmony Executive Director 25 August 2009
Mr Paul Wiegard Executive Director 24 October 2011
Mr Shane Tanner Non-Executive Director 19 March 2009
Mr Stephen Michael Heath Non-Executive Director 18 October 2010
Mr Craig Donald Mathieson Non-Executive Director 25 August 2009
Ms Linda Norquay Non-Executive Director 02 September 2011

Management
Name Position
Pedro Sangil Lopez Group Manager - Asia
Tim Anderson Joint Managing Director - Madman Entertainment

Substantial Shareholders
Holding Name
99,774,978 (15.48%) HSBC Custody Nominees (Australia) Ltd - A/C 2
70,473,971 (10.93%) National Nominees Limited
64,822,412 (10.06%) Citicorp Nominees Pty Limited
50,190,414 (7.79%) Bell Potter Nominees Pty Limited
79,164,645 (12.28%) J P Morgan Nominees Australia Limited

Calendar of Events
Date Event
30 March 2015 Report (Interim)
29 September 2014 Report (Prelim)
29 September 2014 Report (Annual)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Choosing A Financial Planner

An educational booklet about the specialised professionals who help people with their money-related requirements - especially superannuation.

More details...

News

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

Bega Cheese holds back in three-way bidding war for WCB

The Age 19/12/2013 | Bega Cheese began the battle for Warrnambool Cheese & Butter but three months on it appears to be the first casualty of the bidding war.

Aussie hampers transition

The Age 19/12/2013 | A persistently high Australian dollar is thwarting the Reserve Bank's efforts to ease the transition of the economy away from mining.

RBA keeps its focus on lower dollar

The Age 19/12/2013 | The Reserve Bank is keeping the door open to further interest rate cuts, but believes the "significant amount" of monetary policy easing over the past two years is already stimulating growth.

Pact's struggles weigh down Orora

The Age 19/12/2013 | The underwhelming sharemarket debut of packaging company Pact Group Holdings has weighed on the demerger of Amcor and its $2 billion Australasian packaging and distribution business Orora.

More...


Sponsored Links