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Forgame Holdings

DB:FH0
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FH0
DB
HK$1B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Forgame Holdings Limited, an investment holding company, develops, publishes, licenses, and operates Webgames and mobile games in the People’s Republic of China. The last earnings update was 29 days ago. More info.


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  • Forgame Holdings has significant price volatility in the past 3 months.
FH0 Share Price and Events
7 Day Returns
9.6%
DB:FH0
0.1%
DE Entertainment
0.8%
DE Market
1 Year Returns
-15.2%
DB:FH0
13%
DE Entertainment
-4.5%
DE Market
FH0 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Forgame Holdings (FH0) 9.6% 55.3% 96% -15.2% -36.8% -69.7%
DE Entertainment 0.1% 5.8% 11.1% 13% 34.4% 75.5%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • FH0 underperformed the Entertainment industry which returned 13% over the past year.
  • FH0 underperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
FH0
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Forgame Holdings 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
  • It is not possible to calculate the future cash flow value for Forgame Holdings. This is due to cash flow or dividend data being unavailable. The share price is €0.882.
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 Forgame Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Forgame Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FH0 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-2.09
SEHK:484 Share Price ** SEHK (2019-04-25) in HKD HK$7.7
SEHK:484 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.86 CN¥6.62
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.26x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Forgame Holdings.

DB:FH0 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:484 Share Price ÷ EPS (both in CNY)

= 6.62 ÷ -2.09

-3.16x

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

  • Forgame Holdings is loss making, we can't compare its value to the DE Entertainment industry average.
  • Forgame Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Forgame Holdings's expected growth come at a high price?
Raw Data
DB:FH0 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.75x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Forgame Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Forgame Holdings's assets?
Raw Data
DB:FH0 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥5.99
SEHK:484 Share Price * SEHK (2019-04-25) in HKD HK$7.7
SEHK:484 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.86 CN¥6.62
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.51x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:FH0 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:484 Share Price ÷ Book Value per Share (both in CNY)

= 6.62 ÷ 5.99

1.11x

* Primary Listing of Forgame Holdings.

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

  • Forgame Holdings is good value based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Forgame Holdings'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. Forgame Holdings has a total score of 1/6, 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.

Future Performance

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

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 Forgame Holdings 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
22.9%
Expected Entertainment industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Forgame Holdings expected to grow at an attractive rate?
  • Unable to compare Forgame Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Forgame Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Forgame Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:FH0 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.9%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:FH0 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FH0 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:FH0 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 324 -285
2018-09-30 378 -219
2018-06-30 431 17 -154
2018-03-31 389 -31 -40
2017-12-31 346 -78 74
2017-09-30 318 -230 -107
2017-06-30 289 -383 -289
2017-03-31 325 -228 -342
2016-12-31 362 -73 -395
2016-09-30 379 -24 -317
2016-06-30 396 26 -239
2016-03-31 454 12 -184

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Forgame Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Forgame Holdings is high growth as no revenue estimate data is available.
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:FH0 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Forgame Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FH0 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:FH0 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -2.09
2018-09-30 -1.60
2018-06-30 -1.12
2018-03-31 -0.29
2017-12-31 0.54
2017-09-30 -0.78
2017-06-30 -2.11
2017-03-31 -2.50
2016-12-31 -2.89
2016-09-30 -2.29
2016-06-30 -1.71
2016-03-31 -1.33

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

Next steps:

  1. Examine Forgame Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Forgame Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Forgame Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Forgame Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Forgame Holdings has a total score of 0/6, 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.

Past Performance

  How has Forgame Holdings 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 Forgame Holdings's growth in the last year to its industry (Entertainment).
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.
  • Forgame Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Forgame Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Forgame Holdings's 1-year growth to the DE Entertainment industry average as it is not currently profitable.
Earnings and Revenue History
Forgame Holdings'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 Forgame Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FH0 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 324.24 -284.88 172.74 66.58
2018-09-30 377.66 -219.31 194.49 65.21
2018-06-30 431.07 -153.74 216.24 63.84
2018-03-31 388.77 -39.85 196.47 56.63
2017-12-31 346.47 74.04 176.71 49.43
2017-09-30 317.77 -107.33 200.03 58.05
2017-06-30 289.08 -288.70 223.34 66.67
2017-03-31 325.32 -341.94 217.07 81.57
2016-12-31 361.56 -395.17 210.80 96.48
2016-09-30 378.68 -317.02 159.63 98.32
2016-06-30 395.80 -238.87 108.46 100.16
2016-03-31 453.67 -184.01 117.16 115.86
2015-12-31 511.54 -129.14 125.86 131.56
2015-09-30 563.51 -80.18 148.56 156.27
2015-06-30 615.48 -31.21 171.25 180.98
2015-03-31 629.47 -34.87 207.52 206.20
2014-12-31 643.47 -38.53 243.79 231.42
2014-09-30 795.15 -146.18 285.06 256.15
2014-06-30 946.83 -253.83 326.34 280.88
2014-03-31 1,064.98 -364.62 359.25 287.03
2013-12-31 1,183.13 -475.40 392.16 293.17
2013-09-30 1,093.20 -311.69 360.71 280.38
2013-06-30 1,003.28 -147.97 329.26 267.59
2013-03-31 889.96 34.83 272.22 234.11
2012-12-31 776.65 217.62 215.19 200.62

*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.
  • It is difficult to establish if Forgame Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Forgame Holdings has efficiently used its assets last year compared to the DE Entertainment industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Forgame Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Forgame Holdings'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 Entertainment 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.
Forgame Holdings has a total score of 0/6, 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.

Health

 How is Forgame Holdings'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 Forgame Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Forgame Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Forgame Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Forgame Holdings'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.
  • Forgame Holdings has no debt, it does not need to be covered by short term assets.
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 Forgame Holdings Company Filings, last reported 3 months ago.

DB:FH0 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 847.69 0.00 798.55
2018-09-30 847.69 0.00 798.55
2018-06-30 875.12 0.00 471.71
2018-03-31 875.12 0.00 471.71
2017-12-31 1,181.42 0.00 689.57
2017-09-30 1,181.42 0.00 689.57
2017-06-30 1,026.55 0.00 392.36
2017-03-31 1,026.55 0.00 392.36
2016-12-31 1,058.11 0.00 716.98
2016-09-30 1,058.11 0.00 716.98
2016-06-30 1,299.34 0.00 1,108.99
2016-03-31 1,299.34 0.00 1,108.99
2015-12-31 1,444.73 0.00 1,127.13
2015-09-30 1,444.73 0.00 1,127.13
2015-06-30 1,631.34 0.00 1,228.29
2015-03-31 1,631.34 0.00 1,228.29
2014-12-31 1,401.05 0.00 1,051.95
2014-09-30 1,401.05 0.00 1,051.95
2014-06-30 1,404.87 0.00 1,120.34
2014-03-31 1,404.87 0.00 1,120.34
2013-12-31 1,388.08 15.24 1,272.30
2013-09-30 1,388.08 15.24 1,272.30
2013-06-30 -342.09 809.77 398.27
2013-03-31 -342.09 809.77 398.27
2012-12-31 -136.66 451.15 312.64
  • Forgame Holdings has no debt.
  • Forgame Holdings has no debt compared to 5 years ago when it was 1.1%.
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.

  • Whilst loss making Forgame Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Forgame Holdings has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.7% per year.
X
Financial health checks
We assess Forgame Holdings'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. Forgame Holdings 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.

Dividends

 What is Forgame Holdings'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
0%
Current annual income from Forgame Holdings dividends.
If you bought €2,000 of Forgame Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Forgame Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Forgame Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:FH0 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 0 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:FH0 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Forgame Holdings has not reported any payouts.
  • Unable to verify if Forgame Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Forgame Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Forgame 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.
X
Income/ dividend checks
We assess Forgame Holdings'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 Forgame Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Forgame Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Forgame Holdings'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
Dongfeng Wang
COMPENSATION CN¥2,556,000
AGE 42
TENURE AS CEO 7.8 years
CEO Bio

Mr. Dongfeng Wang serves as Partner at Longling Capital He co-founded Forgame Holdings Limited in September 2009 and has been its Chairman and Chief Executive Officer since July 26, 2011. From January 2005 to October 2008, Mr. Wang served as the Chief Executive Officer of ZCOM where he was responsible for carrying out the strategies and policies established by ZCOM. Prior to that, he was a Business Director at Beijing Feixing Network Music Software Development Co., Ltd. from April 2000 to August 2004 where he was involved in the operations of the business. Mr. Wang has more than 12 years of experience in technology-oriented companies. Mr. Wang graduated from Beijing Construction University, the PRC in July 1998 where he obtained a college Diploma in International Trade and Global Economics.

CEO Compensation
  • Dongfeng's compensation has increased whilst company is loss making.
  • Dongfeng's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Forgame Holdings management team in years:

5.6
Average Tenure
39
Average Age
  • The average tenure for the Forgame Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dongfeng Wang

TITLE
Co-Founder
COMPENSATION
CN¥3M
AGE
42
TENURE
7.8 yrs

Anna Liang

TITLE
CFO & Executive Director
COMPENSATION
CN¥6M
AGE
38
TENURE
4.4 yrs

Yang Zhang

TITLE
Executive Director & Co-COO
COMPENSATION
CN¥4M
AGE
37

Tao Yang

TITLE
Co-Founder & Chief Product Officer
AGE
42
TENURE
6.8 yrs

Luyi Li

TITLE
Executive Director & Co-COO
AGE
39

Ka Lee

TITLE
Company Secretary
TENURE
1 yrs
Board of Directors Tenure

Average tenure and age of the Forgame Holdings board of directors in years:

2.9
Average Tenure
41.5
Average Age
  • The average tenure for the Forgame Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dongfeng Wang

TITLE
Co-Founder
COMPENSATION
CN¥3M
AGE
42
TENURE
7.8 yrs

Anna Liang

TITLE
CFO & Executive Director
COMPENSATION
CN¥6M
AGE
38
TENURE
2.9 yrs

Yang Zhang

TITLE
Executive Director & Co-COO
COMPENSATION
CN¥4M
AGE
37
TENURE
1.7 yrs

Luyi Li

TITLE
Executive Director & Co-COO
AGE
39

Richard Zhao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥657K
AGE
68
TENURE
5.6 yrs

Sze Ming How

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥657K
AGE
41
TENURE
3.3 yrs

Qiang Zhang

TITLE
Non-Executive Director
COMPENSATION
CN¥657K
AGE
42
TENURE
2.9 yrs

Joseph Jason Wan

TITLE
Independent Non-Executive Director
AGE
45
TENURE
0.9 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 (€)
21. Nov 18 Buy Wei Gu Individual 16. Nov 18 16. Nov 18 3,379,400 €0.77 €2,598,827
07. Sep 18 Sell Na Liang Individual 04. Sep 18 04. Sep 18 -30,200 €0.78 €-23,440
11. Sep 18 Sell Wei Gu Individual 07. Sep 18 07. Sep 18 -5,000,000 €0.73 €-3,630,492
06. Sep 18 Sell Na Liang Individual 03. Sep 18 03. Sep 18 -21,000 €0.78 €-16,347
31. Aug 18 Sell Wei Gu Individual 28. Aug 18 28. Aug 18 -5,000,000 €0.72 €-3,588,076
09. Jul 18 Buy Wei Zhang Individual 01. Jun 18 01. Jun 18 2,965,200 €1.11 €3,303,096
06. Jun 18 Sell KongZhong Corporation Company 05. Jun 18 05. Jun 18 -1,160,800 €1.10 €-1,275,533
25. May 18 Sell KongZhong Corporation Company 24. May 18 24. May 18 -318,500 €1.50 €-478,615
X
Management checks
We assess Forgame Holdings'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. Forgame Holdings 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.

News

Simply Wall St News

Company Info

Description

Forgame Holdings Limited, an investment holding company, develops, publishes, licenses, and operates Webgames and mobile games in the People’s Republic of China. It operates through Game Business and Fintech Business segments. The company also operates 91wan, a game publishing platform. In addition, it provides information technology, finance information technology, and finance and investment consulting, as well as management consulting services; software development services; and online wealth management and Internet micro-credit services. The company was founded in 2009 and is headquartered in Guangzhou, the People’s Republic of China.

Details
Name: Forgame Holdings Limited
FH0
Exchange: DB
Founded: 2009
HK$120,828,924
137,096,205
Website: http://www.forgame.com
Address: Forgame Holdings Limited
West Hall Renfeng Building,
37th Floor,
Guangzhou,
Guangdong Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 484 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Oct 2013
DB FH0 Ordinary Shares Deutsche Boerse AG DE EUR 03. Oct 2013
Number of employees
Current staff
Staff numbers
419
Forgame Holdings employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 22:14
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2018/03/27
Last earnings filing: 2019/03/27
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.