DB:FW3

Stock Analysis Report

Executive Summary

FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide.


Snowflake Analysis

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has FIH Mobile's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FW3's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.7%

FW3

2.6%

DE Electronic

2.0%

DE Market


1 Year Return

50.0%

FW3

13.4%

DE Electronic

15.1%

DE Market

Return vs Industry: FW3 exceeded the German Electronic industry which returned 13.9% over the past year.

Return vs Market: FW3 exceeded the German Market which returned 15% over the past year.


Shareholder returns

FW3IndustryMarket
7 Day0.7%2.6%2.0%
30 Day-17.5%9.1%1.0%
90 Day14.6%8.0%3.8%
1 Year50.0%50.0%15.9%13.4%18.6%15.1%
3 Year-57.3%-59.5%54.4%49.2%16.8%6.6%
5 Year-57.4%-64.5%121.9%105.8%23.7%6.7%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FIH Mobile undervalued compared to its fair value and its price relative to the market?

0.65x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FW3's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FW3's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FW3 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: FW3 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 FW3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FW3 is good value based on its PB Ratio (0.7x) compared to the DE Electronic industry average (1.8x).


Next Steps

Future Growth

How is FIH Mobile forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.8%

Forecasted Tech 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 FIH Mobile 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 FIH Mobile performed over the past 5 years?

-68.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FW3 is currently unprofitable.

Growing Profit Margin: FW3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FW3 is unprofitable, and losses have increased over the past 5 years at a rate of -68.8% per year.

Accelerating Growth: Unable to compare FW3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FW3 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).


Return on Equity

High ROE: FW3 has a negative Return on Equity (-28.51%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is FIH Mobile's financial position?


Financial Position Analysis

Short Term Liabilities: FW3's short term assets ($5.7B) exceed its short term liabilities ($4.9B).

Long Term Liabilities: FW3's short term assets ($5.7B) exceed its long term liabilities ($51.0M).


Debt to Equity History and Analysis

Debt Level: FW3's debt to equity ratio (52.2%) is considered high.

Reducing Debt: FW3's debt to equity ratio has increased from 2.7% to 52.2% over the past 5 years.


Balance Sheet

Inventory Level: FW3 has a high level of physical assets or inventory.

Debt Coverage by Assets: FW3's debt is covered by short term assets (assets are 5.3x debt).


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: FW3 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FW3 has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of -50.5% each year.


Next Steps

Dividend

What is FIH Mobile's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.3%markettop25%3.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate FW3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FW3'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 FW3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FW3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FW3 is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FW3'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?

11.6yrs

Average management tenure


CEO

Yu Chih (60yo)

7.6yrs

Tenure

US$713,000

Compensation

Mr. Chih Yu Yang has been the Chief Executive Officer of FIH Mobile Limited (alternate name, Foxconn International Holdings Limited) since July 26, 2012. Mr. Chih founded Chi Mei Communication Systems, Inc ...


CEO Compensation Analysis

Compensation vs Market: Yu's total compensation ($USD713.00K) is below average for companies of similar size in the German market ($USD1.49M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Yu Chih
Acting Chairman & CEO7.6yrsUS$713.00k0.25% $3.2m
Chien Wang
Director of Electronic Parts Manufacturing & SMT & System Assembly and Executive Director3.7yrsUS$464.00kno data
Wen-Yi Kuo
Executive Director1.7yrsUS$391.64k0.0085% $106.4k
Kam Tam
Chief Financial Officer0yrsno datano data
Hsu Tang Chen
Vice President of Business Development16.6yrsno datano data
Kin Wong
Company Secretary2.7yrsno datano data

11.6yrs

Average Tenure

55yo

Average Age

Experienced Management: FW3's management team is seasoned and experienced (11.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Yu Chih
Acting Chairman & CEO7.6yrsUS$713.00k0.25% $3.2m
Chien Wang
Director of Electronic Parts Manufacturing & SMT & System Assembly and Executive Director3.7yrsUS$464.00kno data
Wen-Yi Kuo
Executive Director1.7yrsUS$391.64k0.0085% $106.4k
Daniel Mehan
Independent Non-Executive Director12.6yrsUS$31.00kno data
Siu Ki Lau
Independent Non-Executive Director15.2yrsUS$40.00kno data
Yun Chih Tao
Independent Non-Executive Director2.9yrsUS$31.00kno data

3.4yrs

Average Tenure

59.5yo

Average Age

Experienced Board: FW3's board of directors are considered experienced (3.4 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

FIH Mobile Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FIH Mobile Limited
  • Ticker: FW3
  • Exchange: DB
  • Founded: 2000
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Market Cap: HK$10.500b
  • Listing Market Cap: HK$1.248b
  • Shares outstanding: 8.20b
  • Website: https://www.fihmb.com

Number of Employees


Location

  • FIH Mobile Limited
  • No. 369 Jianshe South Road
  • Anci District
  • Langfang
  • Hubei Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2038SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2005
FW3DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2005
FXCN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2005
2038SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDFeb 2005
2038SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDFeb 2005
FXCN.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDJan 2009

Biography

FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide. It operates through three segments: Asia, Europe, and America. The company manufactures and distributes handsets and communication products, as well as offers repair services. It is also involved in the research and development, and project management activities. In addition, the company provides ancillary logistics and distribution services. The company was formerly known as Foxconn International Holdings Limited and changed its name to FIH Mobile Limited in May 2013. The company was incorporated in 2000 and is headquartered in Langfang, the People’s Republic of China. FIH Mobile Limited is a subsidiary of Foxconn (Far East) Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 20:56
End of Day Share Price2020/02/17 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.