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FIYTA Precision Technology

Market Cap

CN¥6.2b

Last Updated

2021/04/11 09:12 UTC

Data Sources

Company Financials +

Executive Summary

FIYTA Precision Technology Co., Ltd., together with its subsidiaries, engages in timepiece business primarily in China. More Details


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has FIYTA Precision Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 000026 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 000026's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.


Market Performance


7 Day Return

1.7%

26

1.1%

CN Luxury

-1.1%

CN Market


1 Year Return

83.3%

26

12.3%

CN Luxury

28.4%

CN Market

Return vs Industry: 000026 exceeded the CN Luxury industry which returned 12.3% over the past year.

Return vs Market: 000026 exceeded the CN Market which returned 28.4% over the past year.


Shareholder returns

26IndustryMarket
7 Day1.7%1.1%-1.1%
30 Day10.5%9.3%1.0%
90 Day45.0%12.4%-5.8%
1 Year87.5%83.3%14.6%12.3%30.4%28.4%
3 Year59.1%47.5%-9.7%-14.9%25.9%19.9%
5 Year34.1%22.2%-42.9%-44.9%23.6%15.5%

Long-Term Price Volatility Vs. Market

How volatile is FIYTA Precision Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FIYTA Precision Technology undervalued compared to its fair value and its price relative to the market?

9.1x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 000026 (CN¥15.95) is trading above our estimate of fair value (CN¥9.67)

Significantly Below Fair Value: 000026 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 000026 is good value based on its PE Ratio (9.1x) compared to the CN Luxury industry average (33.5x).

PE vs Market: 000026 is good value based on its PE Ratio (9.1x) compared to the CN market (33.9x).


Price to Earnings Growth Ratio

PEG Ratio: 000026 is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: 000026 is good value based on its PB Ratio (0.9x) compared to the CN Luxury industry average (2x).


Future Growth

How is FIYTA Precision Technology forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

20.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 000026's forecast earnings growth (20.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 000026's earnings (20.9% per year) are forecast to grow slower than the CN market (23.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 000026's revenue (18.7% per year) is forecast to grow faster than the CN market (17.9% per year).

High Growth Revenue: 000026's revenue (18.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 000026's Return on Equity is forecast to be low in 3 years time (14.8%).


Past Performance

How has FIYTA Precision Technology performed over the past 5 years?

16.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 000026 has high quality earnings.

Growing Profit Margin: 000026's current net profit margins (6.9%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: 000026's earnings have grown by 16.2% per year over the past 5 years.

Accelerating Growth: 000026's earnings growth over the past year (36.8%) exceeds its 5-year average (16.2% per year).

Earnings vs Industry: 000026 earnings growth over the past year (36.8%) exceeded the Luxury industry 2.3%.


Return on Equity

High ROE: 000026's Return on Equity (10.5%) is considered low.


Financial Health

How is FIYTA Precision Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 000026's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.2B).

Long Term Liabilities: 000026's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥10.1M).


Debt to Equity History and Analysis

Debt Level: 000026's debt to equity ratio (19.5%) is considered satisfactory.

Reducing Debt: 000026's debt to equity ratio has reduced from 68.8% to 19.5% over the past 5 years.

Debt Coverage: 000026's debt is well covered by operating cash flow (69.1%).

Interest Coverage: 000026's interest payments on its debt are well covered by EBIT (23x coverage).


Balance Sheet


Dividend

What is FIYTA Precision Technology current dividend yield, its reliability and sustainability?

6.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 000026's dividend (6.5%) is higher than the bottom 25% of dividend payers in the CN market (0.43%).

High Dividend: 000026's dividend (6.5%) is in the top 25% of dividend payers in the CN market (1.81%)


Stability and Growth of Payments

Stable Dividend: 000026's dividends per share have been stable in the past 10 years.

Growing Dividend: 000026's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (59.1%), 000026's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Chen Libin (56 yo)

4.08yrs

Tenure

CN¥1,454,000

Compensation

Mr. Chen Libin has been a General Manager of FIYTA Precision Technology Co., Ltd. (formerly known as Fiyta Holdings Ltd.) since March 08, 2017 and served as its Deputy General Manager until March 08, 2017....


Leadership Team

Experienced Management: 000026's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: 000026's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FIYTA Precision Technology Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FIYTA Precision Technology Co., Ltd.
  • Ticker: 26
  • Exchange: SZSE
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$7.400b
  • Listing Market Cap: HK$6.233b
  • Shares outstanding: 425.74m
  • Website: https://www.fiytagroup.com

Number of Employees


Location

  • FIYTA Precision Technology Co., Ltd.
  • FIYTA Hi-tech Building
  • 20th Floor
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings


Biography

FIYTA Precision Technology Co., Ltd., together with its subsidiaries, engages in timepiece business primarily in China. It is involved in the designing, production, sale, import, and export of watches, dri...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 09:12
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.