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FDG Electric Vehicles

SEHK:729
Snowflake Description

Weak fundamentals or lack of information.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
729
SEHK
HK$738M
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

FDG Electric Vehicles Limited, an investment holding company, researches, designs, develops, manufactures, and sells electric vehicles in the People’s Republic of China, European countries, the United States, Australia, Hong Kong, and internationally. The last earnings update was 13 days ago. More info.


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  • FDG Electric Vehicles has significant price volatility in the past 3 months.
729 Share Price and Events
7 Day Returns
-3.8%
SEHK:729
-4.4%
HK Auto
-1.1%
HK Market
1 Year Returns
-77.3%
SEHK:729
-16%
HK Auto
-6.5%
HK Market
729 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FDG Electric Vehicles (729) -3.8% -19.4% -51.9% -77.3% -94% -95.1%
HK Auto -4.4% 4.2% -17.3% -16% 1.6% -11.2%
HK Market -1.1% 3.4% -7.7% -6.5% 17.4% 4.2%
1 Year Return vs Industry and Market
  • 729 underperformed the Auto industry which returned -16% over the past year.
  • 729 underperformed the Market in Hong Kong which returned -6.5% over the past year.
Price Volatility
729
Industry
5yr Volatility vs Market

Value

 Is FDG Electric Vehicles 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.

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. You can see them here.

Show me the analysis anyway

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for FDG Electric Vehicles. This is due to cash flow or dividend data being unavailable. The share price is HK$0.025.
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 FDG Electric Vehicles's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FDG Electric Vehicles's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:729 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.07
SEHK:729 Share Price ** SEHK (2019-07-15) in HKD HK$0.03
Hong Kong Auto Industry PE Ratio Median Figure of 10 Publicly-Listed Auto Companies 9.03x
Hong Kong Market PE Ratio Median Figure of 1,503 Publicly-Listed Companies 10.71x

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

** Primary Listing of FDG Electric Vehicles.

SEHK:729 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:729 Share Price ÷ EPS (both in HKD)

= 0.03 ÷ -0.07

-0.36x

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

  • FDG Electric Vehicles is loss making, we can't compare its value to the HK Auto industry average.
  • FDG Electric Vehicles is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does FDG Electric Vehicles's expected growth come at a high price?
Raw Data
SEHK:729 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.36x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Auto Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Companies 1.16x
Hong Kong Market PEG Ratio Median Figure of 477 Publicly-Listed Companies 0.79x

*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 FDG Electric Vehicles, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FDG Electric Vehicles's assets?
Raw Data
SEHK:729 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$-0.02
SEHK:729 Share Price * SEHK (2019-07-15) in HKD HK$0.03
Hong Kong Auto Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Companies 0.85x
Hong Kong Market PB Ratio Median Figure of 2,190 Publicly-Listed Companies 0.92x
SEHK:729 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:729 Share Price ÷ Book Value per Share (both in HKD)

= 0.03 ÷ -0.02

-1.29x

* Primary Listing of FDG Electric Vehicles.

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

  • FDG Electric Vehicles has negative assets, we can't compare the value of its assets to the HK Auto industry average.

Next steps:

  1. 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.
  2. 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's regulatory filings and announcements.
  3. Show me more potentially undervalued companies in the Auto industry
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Value checks
We assess FDG Electric Vehicles'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 Auto 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 Auto industry average (and greater than 0)? (1 check)
  5. FDG Electric Vehicles 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.

Future Performance

 How is FDG Electric Vehicles 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 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 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
8%
Expected Auto industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FDG Electric Vehicles expected to grow at an attractive rate?
  • Unable to compare FDG Electric Vehicles's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare FDG Electric Vehicles's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare FDG Electric Vehicles's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:729 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Auto Industry Earnings Growth Rate Market Cap Weighted Average 8%
Hong Kong Auto Industry Revenue Growth Rate Market Cap Weighted Average 6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.2%

*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
SEHK:729 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:729 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:729 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 346 -1,665
2018-09-30 1,030 -227 -2,307
2018-06-30 1,044 -536 -2,269
2018-03-31 1,058 -845 -2,230
2017-12-31 1,174 -834 -1,528
2017-09-30 1,290 -823 -825
2017-06-30 1,402 -982 -690
2017-03-31 1,513 -1,140 -555
2016-12-31 1,123 -621
2016-09-30 733 -1,379 -686
2016-06-30 548 -1,028 -457

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if FDG Electric Vehicles is high growth as no earnings estimate data is available.
  • Unable to determine if FDG Electric Vehicles 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
SEHK:729 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 FDG Electric Vehicles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:729 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:729 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.07
2018-09-30 -0.10
2018-06-30 -0.10
2018-03-31 -0.10
2017-12-31 -0.07
2017-09-30 -0.04
2017-06-30 -0.03
2017-03-31 -0.02
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.02

*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 FDG Electric Vehicles will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. 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.
  2. FDG Electric Vehicles'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 Automobiles companies here
  3. FDG Electric Vehicles'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 FDG Electric Vehicles'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
FDG Electric Vehicles 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 FDG Electric Vehicles 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 FDG Electric Vehicles's growth in the last year to its industry (Auto).
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.
  • FDG Electric Vehicles does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FDG Electric Vehicles's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FDG Electric Vehicles's 1-year growth to the HK Auto industry average as it is not currently profitable.
Earnings and Revenue History
FDG Electric Vehicles'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 FDG Electric Vehicles Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:729 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 345.61 -1,665.24 447.13 126.10
2018-09-30 1,030.15 -2,306.73 716.17 188.75
2018-06-30 1,044.31 -2,268.55 755.89 199.10
2018-03-31 1,058.47 -2,230.37 795.61 209.44
2017-12-31 1,174.32 -1,527.82 748.23 184.57
2017-09-30 1,290.16 -825.27 700.85 159.69
2017-06-30 1,401.67 -690.06 644.66 144.20
2017-03-31 1,513.18 -554.85 588.48 128.71
2016-12-31 1,123.24 -620.64 514.05 104.68
2016-09-30 733.31 -686.43 439.63 80.64
2016-06-30 548.34 -457.29 412.61 71.72
2016-03-31 363.38 -228.15 385.59 62.80
2015-12-31 332.78 -151.40 346.30 45.13
2015-09-30 302.18 -74.64 307.01 27.46
2015-06-30 302.89 -242.20 279.29 22.09
2015-03-31 303.61 -409.76 251.57 16.73
2014-12-31 242.33 -685.47 226.79 16.41
2014-09-30 181.05 -961.17 202.00 16.09
2014-06-30 132.50 -933.78 181.22 14.23
2014-03-31 83.96 -906.39 160.44 12.36
2013-12-31 75.85 -608.11 138.16 14.83
2013-09-30 67.74 -309.84 115.88 17.30
2013-06-30 60.80 -317.14 108.94 17.06
2013-03-31 53.85 -324.45 102.00 16.82
2012-12-31 67.62 -381.08 103.61 12.55
2012-09-30 81.38 -437.72 107.66 5.84

*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 FDG Electric Vehicles has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if FDG Electric Vehicles has efficiently used its assets last year compared to the HK Auto industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FDG Electric Vehicles 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 FDG Electric Vehicles'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 Auto 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.
FDG Electric Vehicles 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 FDG Electric Vehicles'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 FDG Electric Vehicles's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FDG Electric Vehicles's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • FDG Electric Vehicles's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of FDG Electric Vehicles'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.
  • High level of physical assets or inventory.
  • FDG Electric Vehicles has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 FDG Electric Vehicles Company Filings, last reported 3 months ago.

SEHK:729 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 -535.48 3,329.48 327.65
2018-09-30 1,148.69 3,549.28 720.52
2018-06-30 1,148.69 3,549.28 720.52
2018-03-31 2,148.41 3,969.15 1,076.27
2017-12-31 2,148.41 3,969.15 1,076.27
2017-09-30 4,050.65 3,756.34 1,385.63
2017-06-30 4,050.65 3,756.34 1,385.63
2017-03-31 4,499.59 3,140.09 1,494.99
2016-12-31 4,499.59 3,140.09 1,494.99
2016-09-30 3,915.03 3,144.53 704.51
2016-06-30 3,915.03 3,144.53 704.51
2016-03-31 4,091.81 2,459.57 1,048.70
2015-12-31 4,091.81 2,459.57 1,048.70
2015-09-30 2,587.94 2,052.39 683.94
2015-06-30 2,587.94 2,052.39 683.94
2015-03-31 2,314.21 2,036.21 455.60
2014-12-31 2,314.21 2,036.21 455.60
2014-09-30 2,198.89 749.74 741.00
2014-06-30 2,198.89 749.74 741.00
2014-03-31 2,062.84 522.18 1,089.20
2013-12-31 2,062.84 522.18 1,089.20
2013-09-30 574.23 149.85 393.94
2013-06-30 574.23 149.85 393.94
2013-03-31 340.19 117.01 166.93
2012-12-31 340.19 117.01 166.93
2012-09-30 425.85 195.50 209.21
  • FDG Electric Vehicles has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if FDG Electric Vehicles's debt level has increased considering it has negative shareholder equity.
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.

  • FDG Electric Vehicles has less than a year of cash runway based on current free cash flow.
  • FDG Electric Vehicles has less than a year of cash runway if free cash flow continues to reduce at historical rates of -31.2% each year.
X
Financial health checks
We assess FDG Electric Vehicles'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. FDG Electric Vehicles has a total score of 0/6, 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 FDG Electric Vehicles'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 FDG Electric Vehicles dividends.
If you bought HK$2,000 of FDG Electric Vehicles shares you are expected to receive HK$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 FDG Electric Vehicles's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FDG Electric Vehicles'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
SEHK:729 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
Hong Kong Auto Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3.5%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:729 Future Dividends Estimate Data
Date (Data in HK$) 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 FDG Electric Vehicles has not reported any payouts.
  • Unable to verify if FDG Electric Vehicles's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FDG Electric Vehicles's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FDG Electric Vehicles 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 FDG Electric Vehicles's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 FDG Electric Vehicles afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FDG Electric Vehicles 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 FDG Electric Vehicles'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
Zhong Cao
COMPENSATION HK$17,911,000
AGE 59
TENURE AS CEO 5.2 years
CEO Bio

Mr. Zhong Cao, B.Eng., M.Econ has been the Chairman of FDG Electric Vehicles Limited (formerly, Sinopoly Battery Limited) since March 11, 2014 and as its Chief Executive Officer since May 28, 2014. Mr. Cao serves as an Assistant General Manager at Shougang Corporation. Mr. Cao has extensive experience in corporate management and operations. He served as Chief Executive Officer of China Timber Resources Group Limited (China Resources and Transportation Group Limited) since November 19, 2010. He has been an Executive Chairman and Director of China Resources and Transportation Group Limited since November 19, 2010. He served as Managing Director of Shougang Holding (Hong Kong) Ltd. Mr. Cao served as Managing Director of Shougang Concord Grand Group Ltd. from November 2001 to May 10, 2010. He served as General Manager of Shougang Holding (Hong Kong) Limited, the holding company of Shougang Grand at Shougang Concord International Enterprises Co. Ltd. since November 2001 until May 10, 2010. He also served as General Manager and Chairman of China Shougang International Trade and Engineering Corporation. Mr. Cao served as the Managing Director of Shougang Concord International Enterprises Co. Ltd from November 2001 to May 10, 2010. He served as Managing Director of Fushan International Energy Group Ltd (Shougang Fushan Resources Group Limited). from January 5, 2010 to May 10, 2010. He has been the Chairman of FDG Kinetic Limited ( alternate Name CIAM Group Limited) since October 29, 2015. He serves as The Chairman of the Board at Long Hing International Limited. He has been Chairman of the Board of China Timber Resources Group Limited since November 19, 2010. Mr. Cao served as the Chairman of Global Digital Creations Holdings Ltd. since January 3, 2007. Mr. Cao served as Executive Chairman of Shougang Concord Century Holdings Limited, an associated company of Shougang Concord International Enterprises Co Ltd. He served as Chairman of Shougang Concord Grand Group Ltd. from November 2001 to May 10, 2010. He served as Chairman of Shougang Concord Technology Holdings Ltd. from November 2001 to May 10, 2010. He served as Chairman of Shougang Concord Technology Holdings Limited, an associated company of Shougang Grand and Shougang Concord International Enterprises Co. Ltd., from November 2001 to May 10, 2010. He served as Executive Chairman of Fushan International Energy Group Ltd. from March 13, 2009 to January 2010. He served as Executive Chairman of APAC Resources Limited from May 3, 2007 to October 20, 2009. He served as Joint Chairman of Global Digital Creations Holdings Limited since February 2005. He served as the Executive Vice Chairman of FDG Kinetic Limited ( alternate name : CIAM Group Limited ) from March 9, 2015 to October 29, 2015. He served as Vice Chairman of Shougang Concord International Enterprises Co. Ltd. from May 10, 2010 to December 21, 2012. He served as Vice Chairman of Shougang Concord Grand (Group) Limited. He served as Vice Chairman of Shougang Concord Grand Group Ltd. from November 2001 to May 10, 2010. Mr. Cao served as Vice Chairman of Shougang Holding (Hong Kong) Limited from November 2001 to May 10, 2010. He served as Vice Chairman of Fushan International Energy Group Ltd. from January 5, 2010 to May 10, 2010. Mr. Cao serves as a Director of Agnita Limited. He has been Executive Director at FDG Electric Vehicles Limited since March 11, 2014 and served as its Independent Non Executive Director from March 11, 2014 to April 15, 2014. He served as a Director of Shougang Concord International Enterprises Co. Ltd. from May 10, 2010 to December 21, 2012. He served as Director of Mount Gibson Iron Ltd. since December 1, 2008 until February 23, 2012. He served as Executive Director of Global Digital Creations Holdings Ltd. since June 23, 2006 and Fushan International Energy Group Ltd. from March 4, 2009 to May 10, 2010. He served as Executive Director of Shougang Concord Grand Group Ltd. until May 10, 2010. He served as an Executive Director of Shougang Concord Century Holdings Ltd. from November 2001 to May 10, 2010. He served as a Director of Shougang Concord Technology Holdings Ltd until May 10, 2010. Mr. Cao served as an Executive Director of APAC Resources Limited from April 26, 2007 to October 20, 2009. Since 1988, Mr. Cao had served in various institutions, including the National Development and Reform Commission of China, Guangdong Province Huizhou Municipal People's Government, Beijing International Trust and Investment Company Limited, Shougang Corporation and the Development Research Centre of the State Council of China. Mr. Cao is an Economist and graduated from Zhejiang University, the PRC and Graduate School, The Chinese Academy of Social Sciences with a Bachelor degree in Engineering and a Master degree in Economics.

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

Average tenure and age of the FDG Electric Vehicles management team in years:

5.2
Average Tenure
54.5
Average Age
  • The average tenure for the FDG Electric Vehicles management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Zhong Cao

TITLE
Chairman & CEO
COMPENSATION
HK$18M
AGE
59
TENURE
5.2 yrs

Yanping Chen

TITLE
Chief Technical Officer & Executive Director
COMPENSATION
HK$13M
AGE
56
TENURE
2.4 yrs

Jaime Che

TITLE
Senior VP & Executive Director
COMPENSATION
HK$13M
AGE
38
TENURE
1.6 yrs

Chi-Kei Ching

TITLE
Chief Financial Officer
TENURE
6.8 yrs

Yuet Lin Man

TITLE
Company Secretary & General Counsel

Li Jun Liu

TITLE
Executive

Bing Ru Li

TITLE
Executive

Donghui Xu

TITLE
Senior Executive of the Battery Manufacturing Business
COMPENSATION
HK$154K
AGE
53
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the FDG Electric Vehicles board of directors in years:

12.1
Average Tenure
59
Average Age
  • The average tenure for the FDG Electric Vehicles board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Zhong Cao

TITLE
Chairman & CEO
COMPENSATION
HK$18M
AGE
59
TENURE
5.3 yrs

Yanping Chen

TITLE
Chief Technical Officer & Executive Director
COMPENSATION
HK$13M
AGE
56
TENURE
5.2 yrs

Jaime Che

TITLE
Senior VP & Executive Director
COMPENSATION
HK$13M
AGE
38
TENURE
8.3 yrs

Jimmy Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
57
TENURE
12.7 yrs

Kam Tse

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
59
TENURE
12.1 yrs

Tai Fei

TITLE
Independent Non-Executive Director
COMPENSATION
HK$2M
AGE
71
TENURE
12.1 yrs

Kelvin Lo

TITLE
Non-Executive Director
COMPENSATION
HK$4M
AGE
60
TENURE
12.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
23. May 19 Sell Guoguang Global Asset Management (Hong Kong) Co., Ltd. Company 19. Mar 19 19. Mar 19 -3,405,000 HK$0.06 HK$-194,080
22. Mar 19 Buy Guoguang Global Asset Management (Hong Kong) Co., Ltd. Company 19. Mar 19 19. Mar 19 48,980,000 HK$0.06 HK$2,948,654
28. Mar 19 Sell Zhenguo Miao Individual 19. Feb 19 19. Feb 19 -11,590,000 HK$0.08 HK$-963,145
22. Mar 19 Sell Zhenguo Miao Individual 19. Mar 19 19. Mar 19 -10,000,000 HK$0.06 HK$-630,036
18. Feb 19 Sell Zhenguo Miao Individual 01. Feb 19 01. Feb 19 -10,000,000 HK$0.06 HK$-560,018
04. Jan 19 Sell Zhenguo Miao Individual 27. Dec 18 27. Dec 18 -212,510,000 HK$0.05 HK$-10,370,300
27. Dec 18 Sell Zhenguo Miao Individual 20. Dec 18 20. Dec 18 -10,000,000 HK$0.07 HK$-740,007
24. Dec 18 Sell Zhenguo Miao Individual 19. Dec 18 19. Dec 18 -1,900,000 HK$0.07 HK$-140,605
21. Dec 18 Sell Zhenguo Miao Individual 13. Dec 18 13. Dec 18 -1,100,000 HK$0.07 HK$-81,401
21. Dec 18 Sell Zhenguo Miao Individual 17. Dec 18 17. Dec 18 -1,900,000 HK$0.07 HK$-141,354
17. Dec 18 Sell Zhenguo Miao Individual 12. Dec 18 12. Dec 18 -1,380,000 HK$0.07 HK$-100,744
12. Dec 18 Sell Zhenguo Miao Individual 07. Dec 18 07. Dec 18 -1,600,000 HK$0.08 HK$-120,644
07. Dec 18 Sell Zhenguo Miao Individual 29. Nov 18 29. Nov 18 -1,060,000 HK$0.08 HK$-87,347
07. Dec 18 Sell Zhenguo Miao Individual 03. Dec 18 03. Dec 18 -2,100,000 HK$0.08 HK$-165,908
11. Dec 18 Sell Zhenguo Miao Individual 06. Dec 18 06. Dec 18 -1,020,000 HK$0.08 HK$-77,523
07. Dec 18 Sell Zhenguo Miao Individual 04. Dec 18 04. Dec 18 -1,100,000 HK$0.08 HK$-86,897
10. Dec 18 Sell Zhenguo Miao Individual 05. Dec 18 05. Dec 18 -800,000 HK$0.08 HK$-62,001
29. Nov 18 Sell Zhenguo Miao Individual 26. Nov 18 26. Nov 18 -340,000 HK$0.08 HK$-27,879
28. Nov 18 Sell Zhenguo Miao Individual 23. Nov 18 23. Nov 18 -950,000 HK$0.08 HK$-79,801
27. Nov 18 Sell Zhenguo Miao Individual 22. Nov 18 22. Nov 18 -650,000 HK$0.09 HK$-55,898
26. Nov 18 Sell Zhenguo Miao Individual 21. Nov 18 21. Nov 18 -795,000 HK$0.09 HK$-70,752
23. Nov 18 Sell Zhenguo Miao Individual 20. Nov 18 20. Nov 18 -2,205,000 HK$0.09 HK$-196,684
20. Nov 18 Sell Zhenguo Miao Individual 15. Nov 18 15. Nov 18 -1,300,000 HK$0.09 HK$-119,991
24. Oct 18 Sell Zhenguo Miao Individual 19. Oct 18 19. Oct 18 -2,000,000 HK$0.08 HK$-153,198
22. Oct 18 Sell Zhenguo Miao Individual 16. Oct 18 16. Oct 18 -620,000 HK$0.07 HK$-45,571
25. Oct 18 Sell Zhenguo Miao Individual 22. Oct 18 22. Oct 18 -700,000 HK$0.08 HK$-55,298
17. Sep 18 Sell Zhenguo Miao Individual 12. Sep 18 12. Sep 18 -420,000 HK$0.09 HK$-39,479
20. Sep 18 Sell Zhenguo Miao Individual 17. Sep 18 17. Sep 18 -380,000 HK$0.10 HK$-36,100
11. Sep 18 Buy Zhenguo Miao Individual 06. Sep 18 06. Sep 18 580,000 HK$0.09 HK$53,938
07. Sep 18 Sell Zhenguo Miao Individual 04. Sep 18 04. Sep 18 -500,000 HK$0.10 HK$-48,501
06. Sep 18 Sell Zhenguo Miao Individual 03. Sep 18 03. Sep 18 -2,840,000 HK$0.10 HK$-270,650
05. Sep 18 Sell Zhenguo Miao Individual 31. Aug 18 31. Aug 18 -2,880,000 HK$0.10 HK$-281,385
04. Sep 18 Sell Zhenguo Miao Individual 30. Aug 18 30. Aug 18 -23,000,000 HK$0.10 HK$-2,366,775
27. Aug 18 Sell Zhenguo Miao Individual 22. Aug 18 22. Aug 18 -1,990,000 HK$0.10 HK$-207,353
24. Aug 18 Sell Zhenguo Miao Individual 21. Aug 18 21. Aug 18 -1,600,000 HK$0.10 HK$-156,804
22. Aug 18 Sell Zhenguo Miao Individual 17. Aug 18 17. Aug 18 -380,000 HK$0.10 HK$-36,861
21. Aug 18 Sell Zhenguo Miao Individual 16. Aug 18 16. Aug 18 -2,960,000 HK$0.10 HK$-282,977
20. Aug 18 Sell Zhenguo Miao Individual 15. Aug 18 15. Aug 18 -15,870,000 HK$0.10 HK$-1,520,359
16. Aug 18 Sell Zhenguo Miao Individual 13. Aug 18 13. Aug 18 -2,430,000 HK$0.10 HK$-239,602
14. Aug 18 Sell Zhenguo Miao Individual 08. Aug 18 08. Aug 18 -9,370,000 HK$0.10 HK$-976,346
13. Aug 18 Sell Zhenguo Miao Individual 08. Aug 18 08. Aug 18 -3,130,000 HK$0.10 HK$-297,349
10. Aug 18 Sell Zhenguo Miao Individual 07. Aug 18 07. Aug 18 -1,560,000 HK$0.10 HK$-148,206
09. Aug 18 Sell Zhenguo Miao Individual 06. Aug 18 06. Aug 18 -3,990,000 HK$0.10 HK$-381,831
08. Aug 18 Sell Zhenguo Miao Individual 03. Aug 18 03. Aug 18 -6,200,000 HK$0.09 HK$-588,387
07. Aug 18 Sell Zhenguo Miao Individual 02. Aug 18 02. Aug 18 -6,480,000 HK$0.09 HK$-613,647
06. Aug 18 Sell Zhenguo Miao Individual 01. Aug 18 01. Aug 18 -6,320,000 HK$0.10 HK$-626,328
03. Aug 18 Sell Zhenguo Miao Individual 31. Jul 18 31. Jul 18 -2,800,000 HK$0.10 HK$-283,631
31. Jul 18 Sell Zhenguo Miao Individual 26. Jul 18 26. Jul 18 -23,000,000 HK$0.11 HK$-2,437,990
X
Management checks
We assess FDG Electric Vehicles'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. FDG Electric Vehicles 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

Introducing FDG Electric Vehicles (HKG:729), The Stock That Tanked 94%

For example, we sympathize with anyone who was caught holding FDG Electric Vehicles Limited (HKG:729) during the five years that saw its share price drop a whopping 94%. … Check out our latest analysis for FDG Electric Vehicles Given that FDG Electric Vehicles didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround.

Simply Wall St -

What Type Of Shareholder Owns FDG Electric Vehicles Limited's (HKG:729)?

As Charlie Munger said 'Show me the incentive and I will show you the outcome.' With a market capitalization of HK$1.2b, FDG Electric Vehicles is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for FDG Electric Vehicles SEHK:729 Ownership Summary, May 16th 2019 What Does The Institutional Ownership Tell Us About FDG Electric Vehicles? … General Public Ownership The general public -- mostly retail investors -- own 71% of FDG Electric Vehicles.

Simply Wall St -

Is FDG Electric Vehicles Limited's (HKG:729) CEO Being Overpaid?

How Does Zhong Cao's Compensation Compare With Similar Sized Companies. … Our data indicates that FDG Electric Vehicles Limited is worth HK$1.5b, and total annual CEO compensation is HK$18m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at HK$5.2m

Simply Wall St -

Read This Before Buying FDG Electric Vehicles Limited (HKG:729) Shares

So before you buy or sell FDG Electric Vehicles Limited (HKG:729), you may well want to know whether insiders have been buying or selling. … FDG Electric Vehicles Insider Transactions Over The Last Year. … In total, FDG Electric Vehicles insiders sold more than they bought over the last year.

Simply Wall St -

Did You Manage To Avoid FDG Electric Vehicles's (HKG:729) Devastating 88% Share Price Drop?

FDG Electric Vehicles Limited (HKG:729) shareholders should be happy to see the share price up 26% in the last month. … FDG Electric Vehicles isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Over five years, FDG Electric Vehicles grew its revenue at 44% per year.

Simply Wall St -

What Type Of Shareholder Owns FDG Electric Vehicles Limited's (HKG:729)?

If you want to know who really controls FDG Electric Vehicles Limited (HKG:729), then you'll have to look at the makeup of its share registry. … FDG Electric Vehicles is not a large company by global standards. … institutional investors have bought into the company

Simply Wall St -

Is FDG Electric Vehicles Limited's (HKG:729) CEO Pay Fair?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Zhong Cao's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that FDG Electric Vehicles Limited has a market cap of HK$1.5b, and is paying total annual CEO compensation of HK$18m.

Simply Wall St -

How Much Are FDG Electric Vehicles Limited (HKG:729) Insiders Taking Off The Table?

So before you buy or sell FDG Electric Vehicles Limited (HKG:729), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … FDG Electric Vehicles Insider Transactions Over The Last Year.

Simply Wall St -

How Does Investing In FDG Electric Vehicles Limited (HKG:729) Impact The Volatility Of Your Portfolio?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Who Owns Most Of FDG Electric Vehicles Limited (HKG:729)?

A look at the shareholders of FDG Electric Vehicles Limited (HKG:729) can tell us which group is most powerful. … With a market capitalization of HK$2.4b, FDG Electric Vehicles is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for FDG Electric Vehicles

Simply Wall St -

Company Info

Description

FDG Electric Vehicles Limited, an investment holding company, researches, designs, develops, manufactures, and sells electric vehicles in the People’s Republic of China, European countries, the United States, Australia, Hong Kong, and internationally. The company operates through Vehicle Design and Electric Vehicle Production, Battery Products, Electric Vehicle Leasing, Battery Materials Production, and Direct Investments segments. It provides electric commercial and logistic vehicles, and electric mid-size buses. The company also researches, develops, manufactures, and sells lithium-ion batteries and its related products; and cathode materials for nickel-cobalt-manganese lithium-ion batteries and lithium ferrous phosphate batteries. In addition, it offers electric vehicles leasing services; human resources, administrative management, and consultancy services; and loan financing and securities trading services, as well as engages in the asset investment activities. Further, the company is involved in the purchase of battery raw materials; and distribution and sale of battery products. 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.

Details
Name: FDG Electric Vehicles Limited
729
Exchange: SEHK
Founded:
HK$737,722,991
27,323,073,774
Website: http://www.fdgev.com
Address: FDG Electric Vehicles Limited
China Resources Building,
Rooms 3001-3005,
Wanchai,
852 3104 2803,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 729 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
OTCPK CAOH.F Ordinary Shares Pink Sheets LLC US USD 02. Jan 1992
DB GOI4 Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
BST GOI3 Ordinary Shares Boerse-Stuttgart DE EUR 02. Jan 1992
SHSC 729 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 02. Jan 1992
SZSC 729 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 02. Jan 1992
Number of employees
Current staff
Staff numbers
1,738
FDG Electric Vehicles employees.
Industry
Automobile Manufacturers
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 12:46
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2017/06/29
Last earnings filing: 2019/07/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.