SEHK:729

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FDG Electric Vehicles

Executive Summary

FDG Electric Vehicles Limited, an investment holding company, researches, designs, develops, manufactures, and sells electric vehicles in the People’s Republic of China, the United States, Hong Kong, and internationally.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has FDG Electric Vehicles's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 729's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

729

13.0%

HK Auto

-0.8%

HK Market


1 Year Return

-62.0%

729

29.8%

HK Auto

-0.8%

HK Market

Return vs Industry: 729 underperformed the Hong Kong Auto industry which returned 20.4% over the past year.

Return vs Market: 729 underperformed the Hong Kong Market which returned -1% over the past year.


Shareholder returns

729IndustryMarket
7 Day0%13.0%-0.8%
30 Day82.7%35.7%9.0%
90 Day58.3%52.9%11.8%
1 Year-61.8%-62.0%34.5%29.8%3.2%-0.8%
3 Year-97.0%-97.0%-4.2%-13.3%7.4%-4.2%
5 Year-98.2%-98.2%58.9%35.5%9.6%-8.7%

Price Volatility Vs. Market

How volatile is FDG Electric Vehicles's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FDG Electric Vehicles undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether FDG Electric Vehicles is trading at an attractive price based on the cash flow it is expected to produce in the future. But as FDG Electric Vehicles has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of 729’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through FDG Electric Vehicles regulatory filings.
  • Explore potentially undervalued companies in the Automobiles industry.

Future Growth

How is FDG Electric Vehicles forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.9%

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 FDG Electric Vehicles 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

  • Take a look at our analysis of 729’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • FDG Electric Vehicles competitive advantages and company strategy can generally be found in its financial reports archived here.
  • Explore growth companies in the Automobiles industry.

Past Performance

How has FDG Electric Vehicles performed over the past 5 years?

-33.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 729 is currently unprofitable.

Growing Profit Margin: 729 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 729 is unprofitable, and losses have increased over the past 5 years at a rate of -33.6% per year.

Accelerating Growth: Unable to compare 729's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 729 is unprofitable, making it difficult to compare its past year earnings growth to the Auto industry (-23.9%).


Return on Equity

High ROE: 729's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is FDG Electric Vehicles's financial position?


Financial Position Analysis

Short Term Liabilities: 729 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 729 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 729 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 729's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 729 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 729 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is FDG Electric Vehicles's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 729's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 729's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 729's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 729'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 729'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?

3.4yrs

Average management tenure


CEO

Jaime Che (39yo)

1

Tenure

HK$6,452,000

Compensation

Mr. Jaime Che has been Chief Executive Officer of FDG Electric Vehicles Limited (formerly, Sinopoly Battery Limited) since July 19, 2019 and has been its Executive Director since March 8, 2011. Mr. Che ser ...


CEO Compensation Analysis

Compensation vs Market: Jaime's total compensation ($USD832.42K) is above average for companies of similar size in the Hong Kong market ($USD229.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jaime Che
CEO & Executive Director1yrHK$6.45m0.0020% HK$9.5k
Yanping Chen
Chief Technical Officer & Executive Director6.17yrsHK$5.78m1.31% HK$6.3m
Zhong Cao
Executive Director ( Suspended Executive Director)6.33yrsHK$10.47m2.57% HK$12.2m
Chi-Kei Ching
Chief Financial Officer7.75yrsno datano data
Yuet Lin Man
Company Secretary & General Counselno datano datano data
Li Liu
Executiveno datano datano data
Bing Li
Executiveno datano datano data
Donghui Xu
Senior Executive of the Battery Manufacturing Business6.17yrsHK$154.00kno data

3.4yrs

Average Tenure

55.5yo

Average Age

Experienced Management: 729's management team is considered experienced (3.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jaime Che
CEO & Executive Director1yrHK$6.45m0.0020% HK$9.5k
Yanping Chen
Chief Technical Officer & Executive Director6.17yrsHK$5.78m1.31% HK$6.3m
Zhong Cao
Executive Director ( Suspended Executive Director)6.33yrsHK$10.47m2.57% HK$12.2m
Wing Yat Lo
Non-Executive Chairman0.42yrHK$2.41m0.063% HK$301.8k
Yuk Tong Chan
Independent Non-Executive Director13.67yrsHK$758.00kno data
Kam Fow Tse
Independent Non-Executive Director13.08yrsHK$758.00kno data
Tai Hung Fei
Independent Non-Executive Director13.08yrsHK$758.00kno data
Tan Huang
Non-Executive Director0.58yrno datano data

7.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 729's board of directors are considered experienced (7.8 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 83.3%.


Top Shareholders

Company Information

FDG Electric Vehicles Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FDG Electric Vehicles Limited
  • Ticker: 729
  • Exchange: SEHK
  • Founded:
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: HK$475.903m
  • Shares outstanding: 2.50b
  • Website: https://www.fdgev.com

Number of Employees


Location

  • FDG Electric Vehicles Limited
  • China Resources Building
  • Rooms 3001-3005
  • Wanchai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
729SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
CAOH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
GOIDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
729SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992
729SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDJan 1992

Biography

FDG Electric Vehicles Limited, an investment holding company, researches, designs, develops, manufactures, and sells electric vehicles in the People’s Republic of China, the United States, Hong Kong, and internationally. It operates through Vehicle Design and Electric Vehicle Production, Battery Materials Production, and Direct Investments segments. The company also researches, develops, manufactures, and sells cathode materials for nickel-cobalt-manganese lithium-ion batteries and lithium ferrous phosphate batteries. In addition, it sells and distributes electric vehicles and battery products; human resources, administrative management, and consultancy services; and loan financing and securities trading services. Further, the company is involved in the asset investment activities; and purchase and sale of battery raw materials. The company was formerly known as Sinopoly Battery Limited and changed its name to FDG Electric Vehicles Limited in May 2014. FDG Electric Vehicles Limited is headquartered in Wanchai, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/13 12:39
End of Day Share Price2020/06/30 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.