DB:3FU1

Stock Analysis Report

Executive Summary

Fuxing China Group Limited, an investment holding company, manufactures and markets zipper products in the People’s Republic of China.


Snowflake Analysis

Overvalued with worrying balance sheet.

Share Price & News

How has Fuxing China Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 3FU1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

25.0%

3FU1

3.8%

DE Luxury

4.3%

DE Market


1 Year Return

-52.1%

3FU1

-10.6%

DE Luxury

-14.2%

DE Market

Return vs Industry: 3FU1 underperformed the German Luxury industry which returned -14% over the past year.

Return vs Market: 3FU1 underperformed the German Market which returned -16.6% over the past year.


Shareholder returns

3FU1IndustryMarket
7 Day25.0%3.8%4.3%
30 Day-42.9%-10.0%-9.0%
90 Day-53.3%-32.3%-21.6%
1 Year-52.1%-52.1%-9.3%-10.6%-11.7%-14.2%
3 Year-48.1%-48.1%18.2%12.1%-12.3%-19.6%
5 Year66.7%66.7%115.1%90.9%-14.0%-25.6%

Price Volatility Vs. Market

How volatile is Fuxing China Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Fuxing China Group undervalued compared to its fair value and its price relative to the market?

0.068x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 3FU1's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 3FU1's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 3FU1 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 3FU1 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3FU1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3FU1 is good value based on its PB Ratio (0.1x) compared to the DE Luxury industry average (1.3x).


Next Steps

Future Growth

How is Fuxing China Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.6%

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 Fuxing China Group 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 Fuxing China Group performed over the past 5 years?

4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 3FU1 is currently unprofitable.

Growing Profit Margin: 3FU1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 3FU1 is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.

Accelerating Growth: Unable to compare 3FU1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 3FU1 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-1%).


Return on Equity

High ROE: 3FU1 has a negative Return on Equity (-6.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fuxing China Group's financial position?


Financial Position Analysis

Short Term Liabilities: 3FU1's short term assets (CN¥463.4M) do not cover its short term liabilities (CN¥583.6M).

Long Term Liabilities: 3FU1's short term assets (CN¥463.4M) exceed its long term liabilities (CN¥22.5M).


Debt to Equity History and Analysis

Debt Level: 3FU1's debt to equity ratio (64.1%) is considered high.

Reducing Debt: 3FU1's debt to equity ratio has increased from 52.6% to 64.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 3FU1 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 3FU1 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Fuxing China Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3FU1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3FU1's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3FU1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3FU1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3FU1 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3FU1's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Qing Liang Hong (58yo)

13.33s

Tenure

CN¥211,000

Compensation

Mr. Hong Qing Liang co-founded Fuxing China Group Limited in 1992 and has been its Chief Executive Officer since December 19, 2006. Mr. Hong has played an instrumental role in managing the business, operat ...


CEO Compensation Analysis

Compensation vs Market: Qing Liang's total compensation ($USD148.28K) is below average for companies of similar size in the German market ($USD421.37K).

Compensation vs Earnings: Qing Liang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Qing Liang Hong
Co-Founder13.33yrsCN¥211.00k58.52% CN¥3.2m
Shui Ku Hong
Chief of Operations1.08yrsCN¥28.00k1.21% CN¥67.2k
Peng You Hong
Director of Administration & Executive Director13.33yrsCN¥28.00k2.16% CN¥120.0k
Chor Lung Ma
Chief Financial Officer8.25yrsno datano data
Ning Juan Zhang
Sales & Marketing Managerno datano datano data
Zhen Min Lei
Human Resource Managerno datano datano data
Lei Mui Toh
Company Secretary0.67yrno datano data
Qingke Hong
Executive Officer8.92yrsno datano data

8.3yrs

Average Tenure

56yo

Average Age

Experienced Management: 3FU1's management team is seasoned and experienced (8.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Qing Liang Hong
Co-Founder13.33yrsCN¥211.00k58.52% CN¥3.2m
Peng You Hong
Director of Administration & Executive Director13.33yrsCN¥28.00k2.16% CN¥120.0k
Kah Leong Ho
Lead Independent Director5.92yrsCN¥38.00kno data
Qing Yuan Qiu
Non-Executive Independent Director12.67yrsCN¥21.00kno data
Cheng Kee Lim
Independent Director5.92yrsCN¥35.00kno data

10.3yrs

Average Tenure

58yo

Average Age

Experienced Board: 3FU1's board of directors are seasoned and experienced ( 10.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Fuxing China Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fuxing China Group Limited
  • Ticker: 3FU1
  • Exchange: DB
  • Founded: 1993
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: S$8.603m
  • Listing Market Cap: S$5.551m
  • Shares outstanding: 17.21m
  • Website: https://null

Location

  • Fuxing China Group Limited
  • Hangbian Industrial Area
  • Longhu Town
  • Jinjiang
  • Fujian Province
  • 362241
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AWKSGX (Singapore Exchange)YesOrdinary SharesSGSGDSep 2007
3FU1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 2007

Biography

Fuxing China Group Limited, an investment holding company, manufactures and markets zipper products in the People’s Republic of China. The company operates through Zippers, Processing, and Trading segments. It offers zipper chains and sliders; provides processing services, such as color dyeing of fabric tapes for zippers, and electroplating services for zipper sliders; manufactures and sells dyed yarns; and trades in raw materials, including rubber threads, nylon fabrics, and nylon yarn. The company is also involved in the real estate development activities. Fuxing China Group Limited sells its zipper products primarily to manufacturers of apparels, shoes, bags, and camping equipment. The company also exports its zipper products to Australia, the European Union, Russia, Turkey, Korea, Thailand, Vietnam, Indonesia, and other countries. Fuxing China Group Limited was founded in 1993 and is headquartered in Jinjiang, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 21:42
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
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.