New Risk • Apr 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.7% Last year net profit margin: 2.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.7% net profit margin). Reported Earnings • Apr 25
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.36 (down from CN¥0.61 in FY 2024). Revenue: CN¥24.9b (down 13% from FY 2024). Net income: CN¥435.8m (down 38% from FY 2024). Profit margin: 1.7% (down from 2.5% in FY 2024). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 53%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 32% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 40% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Large one-off items impacting financial results. Annonce • Apr 25
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 15, 2026 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 15, 2026, at 14:30 China Standard Time. Location: 5F, Building 1, No. 6, Gaoxin 4th Road, East Lake High-tech Development Zone, Wuhan, Hubei China Annonce • Mar 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥46.77, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 63x in the Communications industry in China. Total returns to shareholders of 174% over the past three years. New Risk • Feb 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to CN¥47.86, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 52x in the Communications industry in China. Total returns to shareholders of 261% over the past three years. New Risk • Dec 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥32.08, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 46x in the Communications industry in China. Total returns to shareholders of 145% over the past three years. Annonce • Dec 26
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥26.48, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 45x in the Communications industry in China. Total returns to shareholders of 99% over the past three years. Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.19 (vs CN¥0.15 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.19 (up from CN¥0.15 in 3Q 2024). Revenue: CN¥5.95b (down 19% from 3Q 2024). Net income: CN¥226.1m (up 28% from 3Q 2024). Profit margin: 3.8% (up from 2.4% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Price Target Changed • Sep 26
Price target increased by 9.9% to CN¥29.57 Up from CN¥26.91, the current price target is an average from 3 analysts. New target price is 5.1% above last closing price of CN¥28.15. Stock is up 79% over the past year. The company is forecast to post earnings per share of CN¥0.79 for next year compared to CN¥0.61 last year. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥29.88, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 52x in the Communications industry in China. Total returns to shareholders of 132% over the past three years. New Risk • Aug 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 57% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (57% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 24
Second quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.17 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.18 (up from CN¥0.17 in 2Q 2024). Revenue: CN¥7.07b (down 20% from 2Q 2024). Net income: CN¥231.4m (up 32% from 2Q 2024). Profit margin: 3.3% (up from 2.0% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Jun 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2025 Results on Aug 23, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2025 results on Aug 23, 2025 Major Estimate Revision • May 08
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CN¥0.689 to CN¥0.77. Revenue forecast steady at CN¥31.0b. Net income forecast to grow 33% next year vs 38% growth forecast for Communications industry in China. Consensus price target up from CN¥24.21 to CN¥25.24. Share price rose 4.4% to CN¥22.31 over the past week. Annonce • Apr 26
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 16, 2025 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 5F, Building 1, No. 6, Gaoxin 4th Road, Donghu Hi-tech Zone, Wuhan, Hubei China Reported Earnings • Apr 03
Full year 2024 earnings released: EPS: CN¥0.59 (vs CN¥0.43 in FY 2023) Full year 2024 results: EPS: CN¥0.59 (up from CN¥0.43 in FY 2023). Revenue: CN¥28.5b (down 8.4% from FY 2023). Net income: CN¥699.3m (up 38% from FY 2023). Profit margin: 2.5% (up from 1.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Annonce • Mar 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 New Risk • Mar 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥22.97, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 36x in the Communications industry in China. Total returns to shareholders of 39% over the past three years. Annonce • Dec 27
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Price Target Changed • Nov 16
Price target increased by 11% to CN¥21.26 Up from CN¥19.18, the current price target is an average from 4 analysts. New target price is 13% above last closing price of CN¥18.78. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of CN¥0.57 for next year compared to CN¥0.43 last year. Major Estimate Revision • Nov 05
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥37.2b to CN¥31.0b. EPS estimate fell from CN¥0.562 to CN¥0.55 per share. Net income forecast to grow 24% next year vs 69% growth forecast for Communications industry in China. Consensus price target up from CN¥19.18 to CN¥20.34. Share price rose 3.7% to CN¥19.21 over the past week. New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: CN¥0.15 (up from CN¥0.11 in 3Q 2023). Revenue: CN¥7.30b (down 4.7% from 3Q 2023). Net income: CN¥176.5m (up 38% from 3Q 2023). Profit margin: 2.4% (up from 1.7% in 3Q 2023). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 36%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥17.16, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Communications industry in China. Negligible returns to shareholders over past three years. New Risk • Aug 25
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 25
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: CN¥0.17 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥8.79b (down 11% from 2Q 2023). Net income: CN¥175.6m (up 8.2% from 2Q 2023). Profit margin: 2.0% (up from 1.6% in 2Q 2023). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 08
Dividend increased to CN¥0.13 Dividend of CN¥0.13 is 16% higher than last year. Ex-date: 12th July 2024 Payment date: 12th July 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jun 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 New Risk • Apr 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Annonce • Apr 29
Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 24, 2024 Fiberhome Telecommunication Technologies Co., Ltd., Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: Building 1, No. 6, Gaoxin 4th Road, East Lake High-tech Development Zone, Wuhan, Hubei China Annonce • Mar 29
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥16.87, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 27x in the Communications industry in China. Total loss to shareholders of 6.8% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥17.96, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Communications industry in China. Total loss to shareholders of 6.0% over the past three years. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥14.73, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 22x in the Communications industry in China. Total loss to shareholders of 20% over the past three years. Annonce • Dec 29
Fiberhome Telecommunication Technologies Co., Ltd. to Report Fiscal Year 2023 Results on Apr 27, 2024 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report fiscal year 2023 results on Apr 27, 2024 New Risk • Nov 01
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.9% operating cash flow to total debt). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Oct 31
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: CN¥0.11 (up from CN¥0.099 in 3Q 2022). Revenue: CN¥7.66b (up 1.9% from 3Q 2022). Net income: CN¥128.0m (up 1.9% from 3Q 2022). Profit margin: 1.7% (in line with 3Q 2022). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 8.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Sep 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2023 Results on Oct 28, 2023 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2023 results on Oct 28, 2023 Major Estimate Revision • Sep 01
Consensus EPS estimates fall by 27%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CN¥31.9b to CN¥32.7b. EPS estimate fell from CN¥0.48 to CN¥0.351 per share. Net income forecast to grow 13% next year vs 57% growth forecast for Communications industry in China. Consensus price target down from CN¥20.67 to CN¥18.54. Share price rose 11% to CN¥17.88 over the past week. Price Target Changed • Aug 29
Price target decreased by 10% to CN¥18.54 Down from CN¥20.67, the current price target is an average from 3 analysts. New target price is 9.8% above last closing price of CN¥16.88. Stock is up 16% over the past year. The company is forecast to post earnings per share of CN¥0.35 for next year compared to CN¥0.34 last year. Reported Earnings • Aug 26
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.12 in 2Q 2022). Revenue: CN¥9.88b (up 4.4% from 2Q 2022). Net income: CN¥162.3m (up 14% from 2Q 2022). Profit margin: 1.6% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Annonce • Jun 28
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2023 Results on Aug 26, 2023 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2023 results on Aug 26, 2023 Price Target Changed • Jun 28
Price target increased by 16% to CN¥20.84 Up from CN¥17.96, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥20.00. Stock is up 38% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.34 last year. Board Change • Jun 25
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (7 non-independent directors). Chairman of the Supervisory Board Ding Feng is the most experienced director on the board, commencing their role in 2014. Independent Director Yuemei Guo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 28
Price target increased by 15% to CN¥17.96 Up from CN¥15.66, the current price target is an average from 4 analysts. New target price is 12% below last closing price of CN¥20.45. Stock is up 52% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.34 last year. Price Target Changed • Apr 26
Price target increased by 18% to CN¥17.96 Up from CN¥15.26, the current price target is an average from 4 analysts. New target price is 9.4% below last closing price of CN¥19.81. Stock is up 51% over the past year. The company is forecast to post earnings per share of CN¥0.66 for next year compared to CN¥0.34 last year. Reported Earnings • Apr 24
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: CN¥0.34 (up from CN¥0.25 in FY 2021). Revenue: CN¥30.9b (up 17% from FY 2021). Net income: CN¥405.8m (up 41% from FY 2021). Profit margin: 1.3% (up from 1.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 17%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥19.88, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 27x in the Communications industry in China. Total loss to shareholders of 45% over the past three years. Price Target Changed • Feb 16
Price target increased by 14% to CN¥15.26 Up from CN¥13.37, the current price target is an average from 4 analysts. New target price is 5.6% below last closing price of CN¥16.16. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of CN¥0.36 for next year compared to CN¥0.25 last year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥16.70, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 23x in the Communications industry in China. Total loss to shareholders of 34% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Yuemei Guo was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 04
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥30.2b to CN¥29.9b. EPS estimate also fell from CN¥0.36 per share to CN¥0.31 per share. Net income forecast to grow 74% next year vs 52% growth forecast for Communications industry in China. Consensus price target down from CN¥14.20 to CN¥13.87. Share price rose 2.2% to CN¥13.78 over the past week. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: CN¥0.099 (down from CN¥0.11 in 3Q 2021). Revenue: CN¥7.52b (up 15% from 3Q 2021). Net income: CN¥125.6m (down 6.1% from 3Q 2021). Profit margin: 1.7% (down from 2.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Sep 06
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from CN¥29.5b to CN¥30.2b. EPS estimate increased from CN¥0.29 to CN¥0.36 per share. Net income forecast to grow 61% next year vs 50% growth forecast for Communications industry in China. Consensus price target down from CN¥14.60 to CN¥14.20. Share price rose 3.3% to CN¥15.06 over the past week. Major Estimate Revision • Sep 02
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CN¥29.8b to CN¥29.5b. EPS estimate also fell from CN¥0.50 per share to CN¥0.29 per share. Net income forecast to grow 50% next year vs 53% growth forecast for Communications industry in China. Consensus price target down from CN¥15.00 to CN¥14.60. Share price rose 7.3% to CN¥14.95 over the past week. Reported Earnings • Aug 29
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: CN¥0.12 (up from CN¥0.092 in 2Q 2021). Revenue: CN¥9.47b (up 19% from 2Q 2021). Net income: CN¥142.9m (up 19% from 2Q 2021). Profit margin: 1.5% (in line with 2Q 2021). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates by 57%. Over the next year, revenue is forecast to grow 11%, compared to a 33% growth forecast for the Communications industry in China. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Jul 16
Price target decreased to CN¥15.80 Down from CN¥19.18, the current price target is an average from 3 analysts. New target price is 16% above last closing price of CN¥13.64. Stock is down 26% over the past year. The company is forecast to post earnings per share of CN¥0.53 for next year compared to CN¥0.25 last year. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.03 (vs CN¥0.03 in 1Q 2021). Revenue: CN¥4.54b (up 13% from 1Q 2021). Net income: CN¥33.1m (up 10.0% from 1Q 2021). Profit margin: 0.7% (in line with 1Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 50%. Over the next year, revenue is forecast to grow 16%, compared to a 27% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target decreased to CN¥19.18 Down from CN¥21.06, the current price target is an average from 3 analysts. New target price is 46% above last closing price of CN¥13.10. Stock is down 29% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.25 last year. Price Target Changed • Apr 19
Price target decreased to CN¥19.18 Down from CN¥21.06, the current price target is an average from 3 analysts. New target price is 33% above last closing price of CN¥14.42. Stock is down 23% over the past year. The company is forecast to post earnings per share of CN¥0.49 for next year compared to CN¥0.25 last year. Reported Earnings • Apr 17
Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2021 results: EPS: CN¥0.25 (up from CN¥0.09 in FY 2020). Revenue: CN¥26.3b (up 25% from FY 2020). Net income: CN¥288.0m (up 182% from FY 2020). Profit margin: 1.1% (up from 0.5% in FY 2020). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 42%. Over the next year, revenue is forecast to grow 8.3%, compared to a 31% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 16
Price target increased to CN¥23.23 Up from CN¥21.34, the current price target is an average from 4 analysts. New target price is 37% above last closing price of CN¥16.95. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of CN¥0.40 for next year compared to CN¥0.09 last year. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS CN¥0.11 (vs CN¥0.19 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥6.53b (up 2.3% from 3Q 2020). Net income: CN¥133.7m (down 40% from 3Q 2020). Profit margin: 2.0% (down from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.092 (vs CN¥0.24 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥7.98b (up 22% from 2Q 2020). Net income: CN¥120.1m (down 51% from 2Q 2020). Profit margin: 1.5% (down from 3.8% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 11
Price target decreased to CN¥21.50 Down from CN¥24.35, the current price target is an average from 7 analysts. New target price is 16% above last closing price of CN¥18.59. Stock is down 35% over the past year. Major Estimate Revision • May 21
Consensus revenue estimates increase to CN¥31.1b The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from CN¥25.7b to CN¥31.1b. EPS estimate increased from CN¥0.60 to CN¥0.75 per share. Net income forecast to grow 263% next year vs 40% growth forecast for Communications industry in China. Consensus price target of CN¥24.33 unchanged from last update. Share price was steady at CN¥17.32 over the past week. Major Estimate Revision • Apr 24
Consensus EPS estimates fall to CN¥0.55 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from CN¥28.2b to CN¥25.6b. EPS estimate also fell from CN¥0.87 to CN¥0.55. Net income forecast to grow 523% next year vs 51% growth forecast for Communications industry in China. Consensus price target down from CN¥26.08 to CN¥24.35. Share price rose 2.1% to CN¥18.89 over the past week. Reported Earnings • Apr 19
Full year 2020 earnings released: EPS CN¥0.09 (vs CN¥0.84 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥21.1b (down 14% from FY 2019). Net income: CN¥102.3m (down 90% from FY 2019). Profit margin: 0.5% (down from 4.0% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 25
New 90-day low: CN¥21.52 The company is down 10.0% from its price of CN¥24.00 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥6.05 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥22.82 The company is down 7.0% from its price of CN¥24.43 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Communications industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥5.50 per share. Major Estimate Revision • Nov 11
Analysts lower EPS estimates to CN¥0.53 The 2020 consensus revenue estimate was lowered from CN¥26.3b to CN¥24.0b. Earning per share (EPS) estimate was also lowered from CN¥0.76 to CN¥0.53 for the same period. Net income is expected to grow by 60% next year compared to 58% growth forecast for the Communications industry in China. The consensus price target was lowered from CN¥28.28 to CN¥27.69. Share price is up 9.0% to CN¥25.71 over the past week. Major Estimate Revision • Nov 07
Analysts lower revenue estimates to CN¥23.9b The 2020 consensus revenue estimate decreased from CN¥26.7b. Earning per share (EPS) estimate was also lowered from CN¥0.76 to CN¥0.53 for the same period. Net income is expected to grow by 62% next year compared to 59% growth forecast for the Communications industry in China. The consensus price target was lowered from CN¥28.43 to CN¥28.28. Share price is up 9.5% to CN¥25.85 over the past week. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS CN¥0.19 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: CN¥6.39b (up 10% from 3Q 2019). Net income: CN¥221.6m (up 16% from 3Q 2019). Profit margin: 3.5% (up from 3.3% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 31%, compared to a 29% growth forecast for the Communications industry in China. Annonce • Oct 30
Fiberhome Telecommunication Technologies Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Annonce • Jul 17
Fiberhome Telecommunication Technologies Co., Ltd. to Report First Half, 2020 Results on Aug 29, 2020 Fiberhome Telecommunication Technologies Co., Ltd. announced that they will report first half, 2020 results on Aug 29, 2020