SEHK:1034

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Fullwealth Construction Holdings

Executive Summary

Fullwealth Construction Holdings Company Limited, an investment holding company, engages in the civil engineering and building works in Hong Kong.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

How has Fullwealth Construction Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1034's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.8%

1034

0.9%

HK Construction

-1.2%

HK Market


1 Year Return

-2.4%

1034

-13.6%

HK Construction

7.1%

HK Market

Return vs Industry: 1034 exceeded the Hong Kong Construction industry which returned -13.6% over the past year.

Return vs Market: 1034 underperformed the Hong Kong Market which returned 7.1% over the past year.


Shareholder returns

1034IndustryMarket
7 Day0.8%0.9%-1.2%
30 Day10.2%0.5%-2.8%
90 Day6.0%0.5%7.1%
1 Year-2.4%-2.4%-9.0%-13.6%11.5%7.1%
3 Yearn/a-35.1%-43.2%1.8%-9.1%
5 Yearn/a-35.6%-46.7%13.8%-5.2%

Price Volatility Vs. Market

How volatile is Fullwealth Construction Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fullwealth Construction Holdings undervalued compared to its fair value and its price relative to the market?

55.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1034's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1034's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1034 is poor value based on its PE Ratio (55.5x) compared to the HK Construction industry average (7.9x).

PE vs Market: 1034 is poor value based on its PE Ratio (55.5x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1034's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1034 is overvalued based on its PB Ratio (2.2x) compared to the HK Construction industry average (0.9x).


Next Steps

Future Growth

How is Fullwealth Construction Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.3%

Forecasted Capital Goods 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 Fullwealth Construction 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 Fullwealth Construction Holdings performed over the past 5 years?

-20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1034 has a large one-off gain of HK$2.2M impacting its December 31 2019 financial results.

Growing Profit Margin: 1034's current net profit margins (1.3%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: 1034's earnings have declined by 20.7% per year over the past 5 years.

Accelerating Growth: 1034's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1034 had negative earnings growth (-41.3%) over the past year, making it difficult to compare to the Construction industry average (-6.4%).


Return on Equity

High ROE: 1034's Return on Equity (3.9%) is considered low.


Next Steps

Financial Health

How is Fullwealth Construction Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 1034's short term assets (HK$206.9M) exceed its short term liabilities (HK$73.2M).

Long Term Liabilities: 1034's short term assets (HK$206.9M) exceed its long term liabilities (HK$10.2M).


Debt to Equity History and Analysis

Debt Level: 1034's debt to equity ratio (12.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1034's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1034's debt is well covered by operating cash flow (23.5%).

Interest Coverage: 1034's interest payments on its debt are well covered by EBIT (25x coverage).


Balance Sheet


Next Steps

Dividend

What is Fullwealth Construction Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1034's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1034'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 1034's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1034'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 1034'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?

1.8yrs

Average board tenure


CEO

Fu Keung Law (58 yo)

no data

Tenure

HK$1,318,000

Compensation

Mr. Fu Keung Law serves as Chairman and Chief Executive Officer at Fullwealth Construction Holdings Company Limited and has been its Executive Director since January 19, 2018.


CEO Compensation Analysis

Compensation vs Market: Fu Keung's total compensation ($USD170.06K) is about average for companies of similar size in the Hong Kong market ($USD230.00K).

Compensation vs Earnings: Fu Keung's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Fu Keung Law
Chairman & CEOno dataHK$1.32m75%
HK$ 298.8m
Fung Yi Cheng
Executive Director2.5yrsHK$1.32mno data
On Lei Li
Independent Non-Executive Director1.83yrsHK$150.00kno data
Wing Ting Shum
Independent Non-Executive Director1.83yrsHK$150.00kno data
Kam Chuen Law
Independent Non-Executive Director1.83yrsHK$150.00kno data

1.8yrs

Average Tenure

58yo

Average Age

Experienced Board: 1034's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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

Fullwealth Construction Holdings Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fullwealth Construction Holdings Company Limited
  • Ticker: 1034
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: HK$398.400m
  • Shares outstanding: 1.60b
  • Website: https://www.fullwealth.hk

Number of Employees


Location

  • Fullwealth Construction Holdings Company Limited
  • Leung Choy Building
  • Ground Floor
  • Yuen Long
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1034SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2018

Biography

Fullwealth Construction Holdings Company Limited, an investment holding company, engages in the civil engineering and building works in Hong Kong. It undertakes various civil engineering works, such as sit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 12:52
End of Day Share Price2020/08/11 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.