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2818

Chengdu Fusen Noble-House IndustrialLtd XSEC:002818 Stock Report

Last Price

CN¥11.71

Market Cap

CN¥8.8b

7D

-0.8%

1Y

-2.8%

Updated

28 Jul, 2022

Data

Company Financials +
2818 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends3/6

2818 Stock Overview

Chengdu Fusen Noble-House Industrial Co.,Ltd.

Chengdu Fusen Noble-House IndustrialLtd Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chengdu Fusen Noble-House IndustrialLtd
Historical stock prices
Current Share PriceCN¥11.71
52 Week HighCN¥14.62
52 Week LowCN¥10.91
Beta0.33
1 Month Change-4.80%
3 Month Change-4.17%
1 Year Change-2.82%
3 Year Change-5.79%
5 Year Change-43.49%
Change since IPO-49.07%

Recent News & Updates

Shareholder Returns

2818CN Specialty RetailCN Market
7D-0.8%0.2%-0.09%
1Y-2.8%-17.0%-7.4%

Return vs Industry: 002818 exceeded the CN Specialty Retail industry which returned -17% over the past year.

Return vs Market: 002818 exceeded the CN Market which returned -7.4% over the past year.

Price Volatility

Is 2818's price volatile compared to industry and market?
2818 volatility
2818 Average Weekly Movement3.8%
Specialty Retail Industry Average Movement5.8%
Market Average Movement6.0%
10% most volatile stocks in CN Market9.2%
10% least volatile stocks in CN Market3.9%

Stable Share Price: 002818 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 002818's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000852Yi Liuhttps://www.fsmjj.com

Chengdu Fusen Noble-House Industrial Co.,Ltd. engages in the development, rental, and service of decorative building materials and home furnishing markets. It also operates as a decorative design and decoration company.

Chengdu Fusen Noble-House IndustrialLtd Fundamentals Summary

How do Chengdu Fusen Noble-House IndustrialLtd's earnings and revenue compare to its market cap?
2818 fundamental statistics
Market CapCN¥8.76b
Earnings (TTM)CN¥975.02m
Revenue (TTM)CN¥1.58b

9.0x

P/E Ratio

5.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2818 income statement (TTM)
RevenueCN¥1.58b
Cost of RevenueCN¥480.51m
Gross ProfitCN¥1.10b
Other ExpensesCN¥127.10m
EarningsCN¥975.02m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.30
Gross Margin69.64%
Net Profit Margin61.61%
Debt/Equity Ratio0.2%

How did 2818 perform over the long term?

See historical performance and comparison

Dividends

6.8%

Current Dividend Yield

62%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 2818 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 2818?

Other financial metrics that can be useful for relative valuation.

2818 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/Revenue4.5x
Enterprise Value/EBITDA6.3x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 2818's PE Ratio compare to its peers?

2818 PE Ratio vs Peers
The above table shows the PE ratio for 2818 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average24.9x
605599 Beijing Caishikou Department StoreLtd
18.9x16.2%CN¥8.4b
002758 ZJAMP Group
8.7xn/aCN¥6.3b
601258 Pang Da Automobile Trade
38.8xn/aCN¥13.5b
000753 Fujian Zhangzhou DevelopmentLTD
33.1xn/aCN¥4.5b
002818 Chengdu Fusen Noble-House IndustrialLtd
9x9.0%CN¥8.8b

Price-To-Earnings vs Peers: 002818 is good value based on its Price-To-Earnings Ratio (9x) compared to the peer average (24.9x).


Price to Earnings Ratio vs Industry

How does 2818's PE Ratio compare vs other companies in the Asian Specialty Retail Industry?

Price-To-Earnings vs Industry: 002818 is good value based on its Price-To-Earnings Ratio (9x) compared to the CN Specialty Retail industry average (24x)


Price to Earnings Ratio vs Fair Ratio

What is 2818'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.

2818 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: 002818 is good value based on its Price-To-Earnings Ratio (9x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).


Share Price vs Fair Value

What is the Fair Price of 2818 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 002818 (CN¥11.71) is trading below our estimate of fair value (CN¥23.43)

Significantly Below Fair Value: 002818 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 Chengdu Fusen Noble-House IndustrialLtd 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


9.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002818's forecast earnings growth (9% per year) is above the savings rate (3.2%).

Earnings vs Market: 002818's earnings (9% per year) are forecast to grow slower than the CN market (24.4% per year).

High Growth Earnings: 002818's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002818's revenue (10.4% per year) is forecast to grow slower than the CN market (17.7% per year).

High Growth Revenue: 002818's revenue (10.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002818's Return on Equity is forecast to be low in 3 years time (15.9%).


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Past Performance

How has Chengdu Fusen Noble-House IndustrialLtd performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 002818 has high quality earnings.

Growing Profit Margin: 002818's current net profit margins (61.6%) are higher than last year (57.3%).


Past Earnings Growth Analysis

Earnings Trend: 002818's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: 002818's earnings growth over the past year (24.5%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: 002818 earnings growth over the past year (24.5%) exceeded the Specialty Retail industry 0.9%.


Return on Equity

High ROE: 002818's Return on Equity (15.4%) is considered low.


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Financial Health

How is Chengdu Fusen Noble-House IndustrialLtd'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: 002818's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥958.8M).

Long Term Liabilities: 002818's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥8.6M).


Debt to Equity History and Analysis

Debt Level: 002818 has more cash than its total debt.

Reducing Debt: 002818's debt to equity ratio has reduced from 0.5% to 0.2% over the past 5 years.

Debt Coverage: 002818's debt is well covered by operating cash flow (8352.2%).

Interest Coverage: 002818 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Chengdu Fusen Noble-House IndustrialLtd current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 002818's dividend (6.83%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 002818's dividend (6.83%) is in the top 25% of dividend payers in the CN market (1.91%)


Stability and Growth of Payments

Stable Dividend: 002818 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002818's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (62.1%), 002818's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (121.5%), 002818's dividend payments are not well covered by cash flows.


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Management

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

4.1yrs

Average board tenure


CEO

Yi Liu (56 yo)

no data

Tenure

Mr. Liu Yi co-founded Chengdu Fusen Noble-House Industrial Co., Ltd. in 2000 and serves as its General Manager. Mr. Liu serves as a Director at Chengdu Fusen Noble-House Industrial Co., Ltd.He served as a...


Board Members

Experienced Board: 002818's board of directors are considered experienced (4.1 years average tenure).


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

Chengdu Fusen Noble-House Industrial Co.,Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Chengdu Fusen Noble-House Industrial Co.,Ltd.
  • Ticker: 2818
  • Exchange: XSEC
  • Founded: 2000
  • Industry: Homefurnishing Retail
  • Sector: Retail
  • Implied Market Cap: CN¥8.764b
  • Shares outstanding: 748.46m
  • Website: https://www.fsmjj.com

Number of Employees


Location

  • Chengdu Fusen Noble-House Industrial Co.,Ltd.
  • No. 189, Tianhe West Second Street
  • High-tech Zone
  • Chengdu
  • Sichuan Province
  • 610041
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/28 00:00
End of Day Share Price2022/07/27 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.