BST:WAV

Stock Analysis Report

Executive Summary

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and investment activities in the People’s Republic of China, the United States, Europe, Australia, and internationally.

Snowflake

Fundamentals

Mediocre balance sheet with moderate growth potential.

Risks

  • Fullshare Holdings has significant price volatility in the past 3 months.
  • Fullshare Holdings is not covered by any analysts.

Share Price & News

How has Fullshare Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.2%

WAV

3.9%

DE Electrical

-0.2%

DE Market


1 Year Return

-96.8%

WAV

19.5%

DE Electrical

-5.0%

DE Market

WAV underperformed the Electrical industry which returned 19.5% over the past year.

WAV underperformed the Market in Germany which returned -5% over the past year.


Share holder returns

WAVIndustryMarket
7 Day-3.2%3.9%-0.2%
30 Day-23.3%10.2%6.1%
90 Day-70.4%21.6%1.8%
1 Year-96.8%-96.8%21.2%19.5%-2.0%-5.0%
3 Yearn/a-26.4%-30.0%17.1%7.0%
5 Yearn/a0.6%-8.6%33.9%15.7%

Price Volatility Vs. Market

How volatile is Fullshare Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fullshare Holdings undervalued based on future cash flows and its price relative to the stock market?

0.2x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Fullshare Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Fullshare Holdings to establish if it is available at substantial discount.


Price Based on Earnings

Fullshare Holdings is loss making, we can't compare its value to the DE Electrical industry average.

Fullshare Holdings is loss making, we can't compare the value of its earnings to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Fullshare Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Fullshare Holdings is good value based on assets compared to the DE Electrical industry average.


Next Steps

Future Growth

How is Fullshare Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Fullshare Holdings is high growth as no revenue estimate data is available.

Fullshare Holdings's earnings are expected to grow significantly at over 20% yearly.

Unable to compare Fullshare Holdings's revenue growth to the Germany market average as no estimate data is available.

Fullshare Holdings's earnings growth is expected to exceed the Germany market average.

Fullshare Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Fullshare Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Fullshare Holdings performed over the past 5 years?

-22.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fullshare Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Fullshare Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Fullshare Holdings's 1-year growth to the DE Electrical industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Fullshare Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Fullshare Holdings has efficiently used its assets last year compared to the DE Electrical industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Fullshare Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Fullshare Holdings's financial position?


Financial Position Analysis

Fullshare Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Fullshare Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Fullshare Holdings's level of debt (53.5%) compared to net worth is high (greater than 40%).

Fullshare Holdings had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.

Debt is not well covered by operating cash flow (1.9%, less than 20% of total debt).

Fullshare Holdings is making a loss, therefore interest payments are not well covered by earnings.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2.1x debt.


Next Steps

Dividend

What is Fullshare Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Fullshare Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Fullshare Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Fullshare Holdings has not reported any payouts.

Unable to verify if Fullshare Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Fullshare Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Fullshare Holdings's salary, the management and board of directors tenure and is there insider trading?

4.3yrs

Average management tenure


CEO

Changqun Ji (50yo)

0yrs

Tenure

CN¥308,000

Compensation

Mr. Changqun Ji has been the Chairman and Chief Executive Officer of Fullshare Holdings Limited since December 12, 2013 and its Executive Director since December 12, 2013. Mr. Ji has over 25 years of manag ...


Management Age and Tenure

4.3yrs

Average Tenure

41.5yo

Average Age

The tenure for the Fullshare Holdings management team is about average.


Board Age and Tenure

5.8yrs

Average Tenure

52.5yo

Average Age

The tenure for the Fullshare Holdings board of directors is about average.


Insider Trading

Fullshare Holdings individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellCN¥311,82512 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares9,700,000
Max PriceCN¥0.032
SellCN¥572,75710 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares20,000,000
Max PriceCN¥0.029
SellCN¥474,09409 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares15,000,000
Max PriceCN¥0.032
SellCN¥296,66908 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares8,000,000
Max PriceCN¥0.037
SellCN¥304,26405 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares6,600,000
Max PriceCN¥0.046
SellCN¥247,70504 Jul 19
Changqun Ji
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares4,777,500
Max PriceCN¥0.052

Ownership Breakdown


Management Team

  • Ying Seto (43yo)

    Company Secretary & Financial Controller

    • Tenure: 0yrs
    • Compensation: CN¥7.00k
  • Changqun Ji (50yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥308.00k
  • Zhiqiang Shi (43yo)

    Chief Investment Officer & Special Assistant to the CEO

    • Tenure: 5.7yrs
    • Compensation: CN¥6.40m
  • Bo Wang (39yo)

    Executive Director

    • Tenure: 5yrs
    • Compensation: CN¥8.07m
  • Chi Ping Yuen (40yo)

    Chief Operating Officer

    • Tenure: 4.9yrs
  • Jack Tsai (38yo)

    Chief Portfolio Officer

    • Tenure: 3.6yrs
  • Daniel Tao (52yo)

    Chief Branding Officer

    • Tenure: 3.8yrs
  • Wei Du (38yo)

    Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥1.52m
  • Jian Lu (50yo)

    President of Property & Tourism Department

    • Tenure: 0yrs
  • Fei Zhou (37yo)

    Chief Risk Officer & Head of Legal Compliance Department

    • Tenure: 0yrs

Board Members

  • Kirk Tsang (55yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥308.00k
  • Siu Lui Chow (59yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥308.00k
  • Changqun Ji (50yo)

    Chairman & CEO

    • Tenure: 0yrs
    • Compensation: CN¥308.00k
  • Chi Keung Lau (70yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥308.00k
  • Bo Wang (39yo)

    Executive Director

    • Tenure: 5yrs
    • Compensation: CN¥8.07m
  • Wei Du (38yo)

    Executive Director

    • Tenure: 1.2yrs
    • Compensation: CN¥1.52m

Company Information

Fullshare Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fullshare Holdings Limited
  • Ticker: WAV
  • Exchange: BST
  • Founded:
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: HK$3.923b
  • Listing Market Cap: HK$454.808m
  • Shares outstanding: 19.71b
  • Website: https://www.fullshare.com

Number of Employees


Location

  • Fullshare Holdings Limited
  • Unit 2805, Admiralty Centre Tower 1
  • Level 28
  • Admiralty
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
607SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013
FLLH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2013
607SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013
WAVBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2013
607SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013

Biography

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and investment activities in the People’s Republic of China, the United States, Europe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 21:44
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.