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2327

Shenzhen Fuanna Bedding and FurnishingLtd XSEC:002327 Stock Report

Last Price

CN¥7.57

Market Cap

CN¥6.3b

7D

-1.2%

1Y

3.6%

Updated

07 Aug, 2022

Data

Company Financials +
2327 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends4/6

2327 Stock Overview

Shenzhen Fuanna Bedding and Furnishing Co.,Ltd engages in the research and development, design, production, and sales of bedding and household products in China and internationally.

Shenzhen Fuanna Bedding and FurnishingLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Shenzhen Fuanna Bedding and FurnishingLtd
Historical stock prices
Current Share PriceCN¥7.57
52 Week HighCN¥9.63
52 Week LowCN¥7.20
Beta0.37
1 Month Change-5.49%
3 Month Change-6.20%
1 Year Change3.56%
3 Year Change15.40%
5 Year Change-4.78%
Change since IPO-17.81%

Recent News & Updates

Shareholder Returns

2327CN LuxuryCN Market
7D-1.2%-1.8%-0.5%
1Y3.6%-17.9%-10.4%

Return vs Industry: 002327 exceeded the CN Luxury industry which returned -17.9% over the past year.

Return vs Market: 002327 exceeded the CN Market which returned -10.4% over the past year.

Price Volatility

Is 2327's price volatile compared to industry and market?
2327 volatility
2327 Average Weekly Movement4.1%
Luxury Industry Average Movement5.1%
Market Average Movement6.1%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 002327 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 002327's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19944,615Guofang Linhttps://www.fuanna.com

Shenzhen Fuanna Bedding and Furnishing Co.,Ltd engages in the research and development, design, production, and sales of bedding and household products in China and internationally. The company offers textile materials and their products, bedding, decorative fabrics, quilted products, household items, kitchen equipment, furniture, ceramic products, plumbing equipment, sanitary products, building materials, and decorative materials, as well as household items, such as lighting and wooden doors. The company offers its products under the Fu Anna, VERSAI, Xinerle, and Kuzhiqi brands.

Shenzhen Fuanna Bedding and FurnishingLtd Fundamentals Summary

How do Shenzhen Fuanna Bedding and FurnishingLtd's earnings and revenue compare to its market cap?
2327 fundamental statistics
Market CapCN¥6.27b
Earnings (TTM)CN¥558.67m
Revenue (TTM)CN¥3.22b

11.2x

P/E Ratio

1.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2327 income statement (TTM)
RevenueCN¥3.22b
Cost of RevenueCN¥1.55b
Gross ProfitCN¥1.67b
Other ExpensesCN¥1.11b
EarningsCN¥558.67m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.67
Gross Margin51.78%
Net Profit Margin17.34%
Debt/Equity Ratio0%

How did 2327 perform over the long term?

See historical performance and comparison

Dividends

7.9%

Current Dividend Yield

87%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2327 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2327?

Other financial metrics that can be useful for relative valuation.

2327 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.6x
Enterprise Value/EBITDA7x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does 2327's PE Ratio compare to its peers?

2327 PE Ratio vs Peers
The above table shows the PE ratio for 2327 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average25.8x
002042 Huafu Fashion
10.1x11.3%CN¥6.0b
002516 Kuangda Technology Group
42.4xn/aCN¥8.3b
605068 Mingxin Automotive Leather
46x47.5%CN¥5.0b
601339 Bros Eastern.Ltd
4.8x3.4%CN¥7.7b
002327 Shenzhen Fuanna Bedding and FurnishingLtd
11.2x12.8%CN¥6.3b

Price-To-Earnings vs Peers: 002327 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (25.8x).


Price to Earnings Ratio vs Industry

How does 2327's PE Ratio compare vs other companies in the CN Luxury Industry?

Price-To-Earnings vs Industry: 002327 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the CN Luxury industry average (21.3x)


Price to Earnings Ratio vs Fair Ratio

What is 2327's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2327 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio14.6x

Price-To-Earnings vs Fair Ratio: 002327 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (14.6x).


Share Price vs Fair Value

What is the Fair Price of 2327 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002327 (CN¥7.57) is trading below our estimate of fair value (CN¥12.38)

Significantly Below Fair Value: 002327 is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Shenzhen Fuanna Bedding and FurnishingLtd forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


12.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002327's forecast earnings growth (12.8% per year) is above the savings rate (3.2%).

Earnings vs Market: 002327's earnings (12.8% per year) are forecast to grow slower than the CN market (24.5% per year).

High Growth Earnings: 002327's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002327's revenue (11.5% per year) is forecast to grow slower than the CN market (17.8% per year).

High Growth Revenue: 002327's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002327's Return on Equity is forecast to be low in 3 years time (18%).


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Past Performance

How has Shenzhen Fuanna Bedding and FurnishingLtd performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


3.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002327 has high quality earnings.

Growing Profit Margin: 002327's current net profit margins (17.3%) are lower than last year (17.8%).


Past Earnings Growth Analysis

Earnings Trend: 002327's earnings have grown by 3.8% per year over the past 5 years.

Accelerating Growth: 002327's earnings growth over the past year (4.8%) exceeds its 5-year average (3.8% per year).

Earnings vs Industry: 002327 earnings growth over the past year (4.8%) exceeded the Luxury industry 3.1%.


Return on Equity

High ROE: 002327's Return on Equity (14.7%) is considered low.


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Financial Health

How is Shenzhen Fuanna Bedding and FurnishingLtd's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002327's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥708.3M).

Long Term Liabilities: 002327's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥153.8M).


Debt to Equity History and Analysis

Debt Level: 002327 is debt free.

Reducing Debt: 002327 had no debt 5 years ago.

Debt Coverage: 002327 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 002327 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Shenzhen Fuanna Bedding and FurnishingLtd current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


7.93%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002327's dividend (7.93%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 002327's dividend (7.93%) is in the top 25% of dividend payers in the CN market (1.93%)


Stability and Growth of Payments

Stable Dividend: 002327 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002327's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (86.7%), 002327's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (67.9%), 002327's dividend payments are covered by cash flows.


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Management

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

0.8yrs

Average board tenure


CEO

Guofang Lin (68 yo)

no data

Tenure

CN¥815,000

Compensation

Mr. Guofang Lin served as the Chief Executive Officer of Shenzhen Fuanna Bedding and Furnishing Co., Ltd. Mr. Lin serves as Chairman and General Manager of Shenzhen Fuanna Bedding and Furnishing Co., Ltd.


Board Members

Experienced Board: 002327's board of directors are not considered experienced ( 0.8 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

Shenzhen Fuanna Bedding and Furnishing Co.,Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Shenzhen Fuanna Bedding and Furnishing Co.,Ltd
  • Ticker: 2327
  • Exchange: XSEC
  • Founded: 1994
  • Industry: Textiles
  • Sector: Consumer Durables
  • Implied Market Cap: CN¥6.268b
  • Shares outstanding: 827.99m
  • Website: https://www.fuanna.com

Number of Employees


Location

  • Shenzhen Fuanna Bedding and Furnishing Co.,Ltd
  • Building 1, Bicycle Processing Factory
  • Chuangye Nanyou Avenue
  • Shenzhen
  • Guangdong Province
  • 518054
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.