SZSE:200026

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FIYTA Precision Technology

Executive Summary

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


Snowflake Analysis

Flawless balance sheet established dividend payer.


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: 200026's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

200026

-3.1%

CN Luxury

-2.2%

CN Market


1 Year Return

-11.9%

200026

-10.7%

CN Luxury

7.9%

CN Market

Return vs Industry: 200026 matched the CN Luxury industry which returned -12.2% over the past year.

Return vs Market: 200026 underperformed the CN Market which returned 7.9% over the past year.


Shareholder returns

200026IndustryMarket
7 Day-1.0%-3.1%-2.2%
30 Day-10.9%-1.0%1.9%
90 Day-19.3%-10.8%-5.3%
1 Year-8.2%-11.9%-8.9%-10.7%9.6%7.9%
3 Year-16.8%-24.8%-34.6%-37.6%0.4%-3.8%
5 Year-60.1%-65.1%-65.2%-67.3%-40.3%-43.6%

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?

14.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 200026 (HK$4.98) is trading above our estimate of fair value (HK$2.84)

Significantly Below Fair Value: 200026 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 200026 is good value based on its PE Ratio (14.5x) compared to the Luxury industry average (34.6x).

PE vs Market: 200026 is good value based on its PE Ratio (14.5x) compared to the CN market (35.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 200026's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 200026 is good value based on its PB Ratio (0.8x) compared to the CN Luxury industry average (1.8x).


Next Steps

Future Growth

How is FIYTA Precision Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.1%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FIYTA Precision Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

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

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 200026 has high quality earnings.

Growing Profit Margin: 200026's current net profit margins (4.1%) are lower than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: 200026's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: 200026's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 200026 had negative earnings growth (-26.6%) over the past year, making it difficult to compare to the Luxury industry average (-16.2%).


Return on Equity

High ROE: 200026's Return on Equity (5.3%) is considered low.


Next Steps

Financial Health

How is FIYTA Precision Technology's financial position?


Financial Position Analysis

Short Term Liabilities: 200026's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 200026's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥8.5M).


Debt to Equity History and Analysis

Debt Level: 200026's debt to equity ratio (25.9%) is considered satisfactory.

Reducing Debt: 200026's debt to equity ratio has reduced from 108.7% to 25.9% over the past 5 years.

Debt Coverage: 200026's debt is well covered by operating cash flow (47.9%).

Interest Coverage: 200026's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Next Steps

Dividend

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

4.36%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 200026's dividend (4.36%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 200026's dividend (4.36%) is in the top 25% of dividend payers in the CN market (2.01%)


Stability and Growth of Payments

Stable Dividend: 200026's dividends per share have been stable in the past 10 years.

Growing Dividend: 200026's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.1%), 200026'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?

3.6yrs

Average management tenure


CEO

Chen Libin (55yo)

3.17yrs

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

NamePositionTenureCompensationOwnership
Chen Libin
GM & Director3.17yrsCN¥1.45mno data
Zhuo Chen
Chief Financial Officer and Chief Accountantno datano datano data
Bingqiang Lu
Deputy General Managerno dataCN¥1.42mno data
Lu Wanjun
Deputy General Manager and Secretary of the Board5.75yrsCN¥1.41mno data
Xiaoming Liu
Deputy General Manager3.58yrsCN¥1.50mno data
Bo Pan
Deputy General Manager3.58yrsCN¥1.65mno data
Ming Li
Deputy General Manager3.58yrsCN¥1.31mno data
Hui Tian
Head of Accounting Department and Treasurerno datano datano data

3.6yrs

Average Tenure

48yo

Average Age

Experienced Management: 200026's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chen Libin
GM & Director3.17yrsCN¥1.45mno data
Yong Sui
Chairman of the Supervisory Committee7.67yrsno datano data
Yongfeng Huang
Non-Independent Director1.67yrsno datano data
Mingchuan Wang
Non-Independent Director7.67yrsno datano data
Debin Fu
Non-Independent Director3.42yrsno datano data
Bo Wang
Non-Independent Director2.67yrsno datano data
Zhanglin Xiao
Non-Independent Director2.67yrsno datano data
Jianxin Wang
Independent Director1.67yrsno datano data
Xiaofei Tang
Independent Director1.67yrsno datano data
Hongming Zhong
Independent Director1.67yrsno datano data

2.2yrs

Average Tenure

53yo

Average Age

Experienced Board: 200026's board of directors are not considered experienced ( 2.2 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: 200026
  • Exchange: SZSE
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$3.678b
  • Shares outstanding: 432.96m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
26SZSE (Shenzhen Stock Exchange)Domestic SharesCNCNYFeb 1994
200026SZSE (Shenzhen Stock Exchange)YesForeign Shares-Domestically ListedCNHKDJun 1994

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, driving units, watchcases, watchbands, and other spare and accessory parts; timepieces; general merchandise, jewelry, stationery articles, handicrafts, toys, diamonds, ornaments, and gifts; timing instruments; and hard materials, such as hard alloy and ceramics. The company also engages in the wholesale, retail, and repair of watches and components; distribution of leather wares, pens, ties, tie clips, electronic products, materials, instruments and meters, office equipment, and communication equipment; advertising business; and brand planning, property management, leasing, commerce, and investment activities. In addition, it offers conference services. The company was formerly known as FIYTA Holdings Ltd. and changed its name to FIYTA Precision Technology Co., Ltd. in December 2019. FIYTA Precision Technology Co., Ltd. was founded in 1987 and is headquartered in Shenzhen, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 18:18
End of Day Share Price2020/05/26 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.