SEHK:360

Stock Analysis Report

New Focus Auto Tech Holdings

Executive Summary

New Focus Auto Tech Holdings Limited, an investment holding company, manufactures and sells electronic and power-related automotive parts and accessories.


Snowflake Analysis

Imperfect balance sheet and overvalued.

Share Price & News

How has New Focus Auto Tech Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 360's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.1%

360

2.8%

HK Auto Components

5.3%

HK Market


1 Year Return

-58.9%

360

-39.4%

HK Auto Components

-20.4%

HK Market

Return vs Industry: 360 underperformed the Hong Kong Auto Components industry which returned -38.8% over the past year.

Return vs Market: 360 underperformed the Hong Kong Market which returned -22.7% over the past year.


Shareholder returns

360IndustryMarket
7 Day-3.1%2.8%5.3%
30 Day-5.1%-19.9%-8.5%
90 Day36.8%-25.8%-14.7%
1 Year-58.9%-58.9%-37.3%-39.4%-17.6%-20.4%
3 Year-73.8%-73.8%-42.0%-46.3%-2.5%-12.3%
5 Year-87.4%-87.4%-14.0%-23.4%-5.7%-20.9%

Price Volatility Vs. Market

How volatile is New Focus Auto Tech Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is New Focus Auto Tech Holdings undervalued compared to its fair value and its price relative to the market?

0.61x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 360's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 360's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 360 is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: 360 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 360's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 360 is good value based on its PB Ratio (0.6x) compared to the HK Auto Components industry average (0.8x).


Next Steps

Future Growth

How is New Focus Auto Tech Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.7%

Forecasted Automobiles 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 New Focus Auto Tech 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has New Focus Auto Tech Holdings performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 360 is currently unprofitable.

Growing Profit Margin: 360 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 360 is unprofitable, but has reduced losses over the past 5 years at a rate of 12.8% per year.

Accelerating Growth: Unable to compare 360's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 360 is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-22.1%).


Return on Equity

High ROE: 360 has a negative Return on Equity (-7.3%), as it is currently unprofitable.


Next Steps

Financial Health

How is New Focus Auto Tech Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 360's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).

Long Term Liabilities: 360's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥127.3M).


Debt to Equity History and Analysis

Debt Level: 360's debt to equity ratio (66.4%) is considered high.

Reducing Debt: 360's debt to equity ratio has increased from 51.5% to 66.4% over the past 5 years.


Balance Sheet

Inventory Level: 360 has a high level of physical assets or inventory.

Debt Coverage by Assets: 360's debt is covered by short term assets (assets are 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: Insufficient data to determine if 360 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 360 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is New Focus Auto Tech Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 360's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 360'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 360's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 360's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 360's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

5.8yrs

Average board tenure


CEO

New Focus Auto Tech Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Fei Tong
Executive Director0.67yrno datano data
Haidong Li
Chairman & Executive GM - Liaoning Xin Tian Cheng Industrial Co Ltdno datano datano data
Yande Wu
Executive GM & Director of Changchun Guangda Automobile Trading Co.no datano datano data
Fengxi Liu
GM & Director of Shanghai Astrace Trade Development Co. Ltdno datano datano data
Xiaoya Zhang
Independent Non-Executive Director5yrsCN¥100.00kno data
Zhenyu Wang
Non Executive Director6.67yrsno datano data
Lei Lin
Independent Non-Executive Director6.67yrsCN¥100.00kno data
Jianxing Zhang
Acting Chairman0.67yrno datano data
Yuming Hu
Independent Non-Executive Director6.67yrsCN¥100.00kno data

5.8yrs

Average Tenure

52yo

Average Age

Experienced Board: 360's board of directors are considered experienced (5.8 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 been diluted in the past year, with total shares outstanding growing by 39.8%.


Top Shareholders

Company Information

New Focus Auto Tech Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: New Focus Auto Tech Holdings Limited
  • Ticker: 360
  • Exchange: SEHK
  • Founded: 1989
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: HK$636.158m
  • Shares outstanding: 6.77b
  • Website: https://www.nfa360.com

Number of Employees


Location

  • New Focus Auto Tech Holdings Limited
  • Raffles City Changning
  • 19th Floor, Room 1907
  • Shanghai
  • 200051
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
360SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2005
NWFA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2005

Biography

New Focus Auto Tech Holdings Limited, an investment holding company, manufactures and sells electronic and power-related automotive parts and accessories. The company operates through Manufacturing Business, Wholesale Business, Retail Service Business, and Automobile Dealership and Service Business segments. It offers automotive lighting and automotive electronic power products, including the automotive converter boxes, multi-function power supplies, cooler and warmer boxes, chargers, automotive lighting products high intensity discharge lamps, automotive auxiliary lights, work lights, etc. The company is also involved in the provision of automotive after-sales and daily maintenance services, such as car maintenance, beauty, auto painting, and insurance services, as well as automobile repair and restyling services; sale of auto parts and accessories; and retail distribution of merchandise goods through its service chain stores network in the People’s Republic of China. As of December 31, 2018, it had 33 automobile distribution branches; 233individual after-sales service stores; and 9 wholesale service stores. The company operates in the People’s Republic of China, the United States, Europe, and the Asia Pacific. New Focus Auto Tech Holdings Limited was founded in 1989 and is headquartered in Shanghai, 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 Analysis2020/03/31 13:19
End of Day Share Price2020/03/31 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.