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Fu Shou Yuan International Group

DB:FSH
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSH
DB
HK$14B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Fu Shou Yuan International Group Limited, together with its subsidiaries, primarily provides burial and funeral services in the People’s Republic of China. The last earnings update was 59 days ago. More info.


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FSH Share Price and Events
7 Day Returns
1.6%
DB:FSH
1.5%
Europe Consumer Services
0.3%
DE Market
1 Year Returns
-31.3%
DB:FSH
-20.8%
Europe Consumer Services
-11.7%
DE Market
FSH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fu Shou Yuan International Group (FSH) 1.6% -7.9% -8.9% -31.3% 11.7% 73.4%
Europe Consumer Services 1.5% 2.3% 1% -20.8% -45.1% -49.9%
DE Market 0.3% -2.8% -0.8% -11.7% 12.2% 6.1%
1 Year Return vs Industry and Market
  • FSH underperformed the Consumer Services industry which returned -20.8% over the past year.
  • FSH underperformed the Market in Germany which returned -11.7% over the past year.
Price Volatility
FSH
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fu Shou Yuan International Group's competitors could be found in our database.

FSH Value

 Is Fu Shou Yuan International Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fu Shou Yuan International Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fu Shou Yuan International Group.

DB:FSH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:FSH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 25%) (1.34%))
0.842
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.842 * 5.96%)
5.25%

Discounted Cash Flow Calculation for DB:FSH using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fu Shou Yuan International Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:FSH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.25%)
2019 571.00 Analyst x1 542.53
2020 668.00 Analyst x1 603.04
2021 696.29 Est @ 4.23% 597.24
2022 717.41 Est @ 3.03% 584.66
2023 733.13 Est @ 2.19% 567.68
2024 744.87 Est @ 1.6% 548.02
2025 753.74 Est @ 1.19% 526.89
2026 760.53 Est @ 0.9% 505.13
2027 765.85 Est @ 0.7% 483.30
2028 770.13 Est @ 0.56% 461.76
Present value of next 10 years cash flows CN¥5,420.23
DB:FSH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥770.13 × (1 + 0.23%) ÷ (5.25% – 0.23%)
CN¥15,375.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥15,375.47 ÷ (1 + 5.25%)10
CN¥9,218.94
DB:FSH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥5,420.23 + CN¥9,218.94
CN¥14,639.18
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,639.18 / 2,231.33
CN¥59.61
DB:FSH Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1448)
1.13
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.56 x 1.13
HK$7.41
Non-primary Listing Adjustment Factor 1 share in DB:FSH represents 0.11006x of SEHK:1448
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11006x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 7.41 x 0.11006
€0.82
Value per share (EUR) From above. €0.82
Current discount Discount to share price of €0.68
= -1 x (€0.68 - €0.82) / €0.82
16.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fu Shou Yuan International Group is available for.
Intrinsic value
17%
Share price is €0.678 vs Future cash flow value of €0.81611
Current Discount Checks
For Fu Shou Yuan International Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fu Shou Yuan International Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Fu Shou Yuan International Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fu Shou Yuan International Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fu Shou Yuan International Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FSH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.22
SEHK:1448 Share Price ** SEHK (2019-06-14) in HKD HK$6.16
SEHK:1448 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.45
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.34x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fu Shou Yuan International Group.

DB:FSH PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1448 Share Price ÷ EPS (both in CNY)

= 5.45 ÷ 0.22

24.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fu Shou Yuan International Group is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Fu Shou Yuan International Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Fu Shou Yuan International Group's expected growth come at a high price?
Raw Data
DB:FSH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
17.3%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:FSH PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.52x ÷ 17.3%

1.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fu Shou Yuan International Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fu Shou Yuan International Group's assets?
Raw Data
DB:FSH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.59
SEHK:1448 Share Price * SEHK (2019-06-14) in HKD HK$6.16
SEHK:1448 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.885 CN¥5.45
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.85x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:FSH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1448 Share Price ÷ Book Value per Share (both in CNY)

= 5.45 ÷ 1.59

3.44x

* Primary Listing of Fu Shou Yuan International Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fu Shou Yuan International Group is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Fu Shou Yuan International Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Fu Shou Yuan International Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FSH Future Performance

 How is Fu Shou Yuan International Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fu Shou Yuan International Group expected to grow at an attractive rate?
  • Fu Shou Yuan International Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fu Shou Yuan International Group's earnings growth is expected to exceed the Germany market average.
  • Fu Shou Yuan International Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:FSH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FSH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 17.3%
DB:FSH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 16.4%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:FSH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FSH Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,723 1,117 831 2
2020-12-31 2,308 994 714 4
2019-12-31 1,907 811 599 3
DB:FSH Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,651 671 488
2018-09-30 1,574 605 470
2018-06-30 1,496 539 451
2018-03-31 1,487 593 434
2017-12-31 1,477 648 417
2017-09-30 1,437 607 404
2017-06-30 1,396 566 390
2017-03-31 1,332 511 364
2016-12-31 1,268 455 339
2016-09-30 1,215 434 321
2016-06-30 1,162 412 304
2016-03-31 1,135 389 294

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fu Shou Yuan International Group's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Fu Shou Yuan International Group's revenue is expected to grow by 16.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:FSH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Fu Shou Yuan International Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FSH Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.38 0.39 0.37 2.00
2020-12-31 0.33 0.35 0.30 4.00
2019-12-31 0.27 0.27 0.27 3.00
DB:FSH Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.22
2018-09-30 0.22
2018-06-30 0.21
2018-03-31 0.20
2017-12-31 0.20
2017-09-30 0.19
2017-06-30 0.19
2017-03-31 0.17
2016-12-31 0.16
2016-09-30 0.15
2016-06-30 0.15
2016-03-31 0.14

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fu Shou Yuan International Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fu Shou Yuan International Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fu Shou Yuan International Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FSH Past Performance

  How has Fu Shou Yuan International Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fu Shou Yuan International Group's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fu Shou Yuan International Group's year on year earnings growth rate has been positive over the past 5 years.
  • Fu Shou Yuan International Group's 1-year earnings growth is less than its 5-year average (17% vs 19.8%)
  • Fu Shou Yuan International Group's earnings growth has exceeded the Europe Consumer Services industry average in the past year (17% vs -1.3%).
Earnings and Revenue History
Fu Shou Yuan International Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fu Shou Yuan International Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FSH Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,651.30 488.36 125.58
2018-09-30 1,573.74 469.52 126.26
2018-06-30 1,496.18 450.68 532.46
2018-03-31 1,486.69 434.02 538.09
2017-12-31 1,477.21 417.35 138.21
2017-09-30 1,436.78 403.58 234.01
2017-06-30 1,396.36 389.80 329.82
2017-03-31 1,332.01 364.39 413.11
2016-12-31 1,267.66 338.97 496.39
2016-09-30 1,214.77 321.26 484.73
2016-06-30 1,161.89 303.55 473.06
2016-03-31 1,134.92 294.00 464.32
2015-12-31 1,107.96 284.44 455.58
2015-09-30 1,040.26 272.37 430.37
2015-06-30 972.56 260.29 405.15
2015-03-31 883.83 245.33 377.11
2014-12-31 795.09 230.37 349.07
2014-09-30 755.20 213.47 316.76
2014-06-30 715.30 196.57 284.45
2014-03-31 663.56 181.91 256.69
2013-12-31 611.81 167.26 228.93
2013-09-30 582.98 163.73 208.09
2013-06-30 554.15 160.21 187.26
2013-03-31 517.06 142.24 184.87
2012-12-31 479.98 124.27 182.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fu Shou Yuan International Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fu Shou Yuan International Group used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Fu Shou Yuan International Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fu Shou Yuan International Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fu Shou Yuan International Group has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FSH Health

 How is Fu Shou Yuan International Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fu Shou Yuan International Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fu Shou Yuan International Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fu Shou Yuan International Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fu Shou Yuan International Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 16.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fu Shou Yuan International Group Company Filings, last reported 5 months ago.

DB:FSH Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,050.88 162.78 2,119.37
2018-09-30 4,050.88 162.78 2,119.37
2018-06-30 3,855.17 156.72 1,869.91
2018-03-31 3,855.17 156.72 1,869.91
2017-12-31 3,604.50 164.58 1,946.99
2017-09-30 3,604.50 164.58 1,946.99
2017-06-30 3,257.26 165.78 1,716.85
2017-03-31 3,257.26 165.78 1,716.85
2016-12-31 3,029.04 168.33 1,532.76
2016-09-30 3,029.04 168.33 1,532.76
2016-06-30 2,816.07 182.14 1,337.29
2016-03-31 2,816.07 182.14 1,337.29
2015-12-31 2,649.77 205.64 1,276.76
2015-09-30 2,649.77 205.64 1,276.76
2015-06-30 2,477.22 110.78 1,292.59
2015-03-31 2,477.22 110.78 1,292.59
2014-12-31 2,212.31 94.52 1,296.76
2014-09-30 2,212.31 94.52 1,296.76
2014-06-30 2,058.92 84.83 1,649.35
2014-03-31 2,058.92 84.83 1,649.35
2013-12-31 1,744.94 77.22 1,544.01
2013-09-30 1,744.94 77.22 1,544.01
2013-06-30 513.75 106.78 307.76
2013-03-31 513.75 106.78 307.76
2012-12-31 381.00 100.54 286.86
  • Fu Shou Yuan International Group's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (4.4% vs 4% today).
  • Debt is well covered by operating cash flow (411.9%, greater than 20% of total debt).
  • Fu Shou Yuan International Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fu Shou Yuan International Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fu Shou Yuan International Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FSH Dividends

 What is Fu Shou Yuan International Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.2%
Current annual income from Fu Shou Yuan International Group dividends. Estimated to be 1.8% next year.
If you bought €2,000 of Fu Shou Yuan International Group shares you are expected to receive €24 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fu Shou Yuan International Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Fu Shou Yuan International Group's dividend is below the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:FSH Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:FSH Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.11 2.00
2020-12-31 0.10 4.00
2019-12-31 0.08 3.00
DB:FSH Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-05-20 0.065 1.177
2018-08-27 0.063 1.181
2018-03-16 0.052 0.828
2017-08-15 0.052 1.083
2017-04-07 0.044 1.068
2017-03-17 0.046 1.073
2016-08-12 0.044 1.117
2016-05-16 0.040 0.874
2015-08-11 0.039 0.898
2015-05-14 0.031 0.899
2014-08-14 0.031 1.023
2014-08-04 0.031 0.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Fu Shou Yuan International Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Fu Shou Yuan International Group only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Fu Shou Yuan International Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.5x coverage).
X
Income/ dividend checks
We assess Fu Shou Yuan International Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fu Shou Yuan International Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fu Shou Yuan International Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FSH Management

 What is the CEO of Fu Shou Yuan International Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jisheng Wang
COMPENSATION CN¥7,279,000
AGE 65
CEO Bio

Mr. Jisheng Wang serves as a Chief Executive of Fu Shou Yuan International Group Ltd and has been its Executive Director since January 30, 2013. Mr. Wang is responsible for the overall management and business operation and strategic planning and business development of Fu Shou Yuan. He has been the Managing Director of Shanghai FSY Industry Development since 1996. He serves as President of Shanghai FSY Corporate Management Consultancy. He has been a lecturer of courses organized by China Funeral Association for the senior management of cemeteries since 1999. Mr. Wang is an Independent Non-Executive Director of Pacific Millennium Packaging Group Corporation since November 30, 2018. He served as General Manager at Fu Shou Yuan International Group Limited. He acted as one of the promoters of NGO 2. He has more than 17 years of experience in the death care services industry in the PRC. He was the deputy general manager of Zhongfu since 1991. Mr. Wang worked as a teacher in the Shanghai Institute of Foreign Trade between 1980 and 1991. Mr. Wang was a teacher and counselor at local schools in Jiqing, Anhui from 1971 to 1980. He is a renowned figure in the PRC death care services industry. He serves as an Executive Director of Chongqing Anle Services, Chongqing Anle Funeral Services and Shandong FSY Development. Mr. Wang is an executive council member of the China Funeral Association and the head of the Cemetery Committee of China Funeral Association. Mr. Wang has completed the Senior Executive Program organized by the Faculty of Business Administration of the National University of Singapore in November 2001 and the China CEO Management Innovation Executive Program organized by Shanghai Jiaotong University in August 2004.

CEO Compensation
  • Jisheng's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jisheng's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Fu Shou Yuan International Group management team in years:

1.5
Average Tenure
53
Average Age
  • The average tenure for the Fu Shou Yuan International Group management team is less than 2 years, this suggests a new team.
Management Team

Xiaojiang Bai

TITLE
Chairman
COMPENSATION
CN¥7M
AGE
60

Jisheng Wang

TITLE
Chief Executive and Executive Director
COMPENSATION
CN¥7M
AGE
65

Leon Tan

TITLE
Vice Chairman
COMPENSATION
CN¥353K
AGE
53

Frank Yuan

TITLE
Chief Financial Officer
AGE
43
TENURE
4.1 yrs

Denis Tsoi

TITLE
Chief Financial Technology Officer & Member of the Board
AGE
53
TENURE
0.8 yrs

Hua Yi

TITLE
Chief Brand Officer and Group Officer of Culture & Education Committee
AGE
50

Yu Zhao

TITLE
Head of Fu Shou Home Dept
AGE
42
TENURE
2.3 yrs

Yi Hu

TITLE
Company Secretary
TENURE
0.8 yrs

Qiansong Ge

TITLE
Senior Consultant
AGE
70
Board of Directors Tenure

Average tenure and age of the Fu Shou Yuan International Group board of directors in years:

5.5
Average Tenure
61
Average Age
  • The tenure for the Fu Shou Yuan International Group board of directors is about average.
Board of Directors

Jisheng Wang

TITLE
Chief Executive and Executive Director
COMPENSATION
CN¥7M
AGE
65
TENURE
6.4 yrs

Leon Tan

TITLE
Vice Chairman
COMPENSATION
CN¥353K
AGE
53

Denis Tsoi

TITLE
Chief Financial Technology Officer & Member of the Board
AGE
53

Zhuping Luo

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥423K
AGE
65
TENURE
5.5 yrs

Xiaojiang Bai

TITLE
Chairman
COMPENSATION
CN¥7M
AGE
60

Man Ho

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥423K
AGE
49
TENURE
5.5 yrs

Jianwei Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥423K
AGE
62
TENURE
5.5 yrs

Hesheng Lu

TITLE
Non-Executive Director
COMPENSATION
CN¥543K
AGE
68
TENURE
6.4 yrs

James Huang

TITLE
Non-Executive Director
COMPENSATION
CN¥240K
AGE
60
TENURE
5.5 yrs

Qunlin Chen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥183K
AGE
72
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Fu Shou Yuan International Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fu Shou Yuan International Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FSH News

Simply Wall St News

FSH Company Info

Description

Fu Shou Yuan International Group Limited, together with its subsidiaries, primarily provides burial and funeral services in the People’s Republic of China. It operates through three segments: Burial Services, Funeral Services, and Others. The Burial Services segment sells burial plots; and offers cemetery maintenance services. The Funeral services segment engages in the planning of funeral arrangement; and interment, organizing, and hosting of the funeral. The Others segment manufactures and sells cremation machines; and provides auxiliary services, such as landscape and garden design. It also offers flowers and related designing services; sales and after-sales service for cremation devices; management services to cemeteries; and consulting services to burial and cemetery maintainers. In addition, the company sells agricultural products. As of December 31, 2018, it had approximately 20 cemeteries and 22 funeral facilities. Fu Shou Yuan International Group Limited was founded in 1994 and is headquartered in Shanghai, the People’s Republic of China.

Details
Name: Fu Shou Yuan International Group Limited
FSH
Exchange: DB
Founded: 1994
HK$1,564,900,777
2,231,330,422
Website: http://www.fsygroup.com
Address: Fu Shou Yuan International Group Limited
Charity Building,
Room 1306,
Shanghai,
200030,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1448 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2013
OTCPK FSHU.F Ordinary Shares Pink Sheets LLC US USD 19. Dec 2013
DB FSH Ordinary Shares Deutsche Boerse AG DE EUR 19. Dec 2013
SHSC 1448 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 19. Dec 2013
SZSC 1448 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 19. Dec 2013
Number of employees
Current staff
Staff numbers
2,235
Fu Shou Yuan International Group employees.
Industry
Specialized Consumer Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 21:58
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/04/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.