SEHK:607

Stock Analysis Report

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Executive Summary

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and property investment activities in the People’s Republic of China, the United States, Europe, Australia, and internationally.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 607's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

8.3%

607

-2.6%

HK Electrical

0.8%

HK Market


1 Year Return

-31.7%

607

-3.9%

HK Electrical

5.5%

HK Market

Return vs Industry: 607 underperformed the Hong Kong Electrical industry which returned -3.9% over the past year.

Return vs Market: 607 underperformed the Hong Kong Market which returned 5.5% over the past year.


Shareholder returns

607IndustryMarket
7 Day8.3%-2.6%0.8%
30 Day-0.6%-2.7%-2.4%
90 Day49.1%8.9%7.6%
1 Year-31.7%-31.7%-2.4%-3.9%9.8%5.5%
3 Year-94.6%-94.7%-42.8%-45.5%2.1%-8.9%
5 Year-86.3%-86.5%-53.4%-56.4%12.7%-6.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 607 (HK$0.17) is trading below our estimate of fair value (HK$0.87)

Significantly Below Fair Value: 607 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 607 is unprofitable, so we can't compare its PE Ratio to the HK Electrical industry average.

PE vs Market: 607 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 607's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 607 is good value based on its PB Ratio (0.2x) compared to the HK Electrical industry average (0.6x).


Next Steps

Future Growth

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

12.5%

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 Fullshare 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 Fullshare Holdings performed over the past 5 years?

-37.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 607 is currently unprofitable.

Growing Profit Margin: 607 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 607 is unprofitable, and losses have increased over the past 5 years at a rate of 37.7% per year.

Accelerating Growth: Unable to compare 607's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 607 is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (9.9%).


Return on Equity

High ROE: 607 has a negative Return on Equity (-13.63%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fullshare Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 607's short term assets (CN¥21.8B) exceed its short term liabilities (CN¥18.0B).

Long Term Liabilities: 607's short term assets (CN¥21.8B) exceed its long term liabilities (CN¥4.9B).


Debt to Equity History and Analysis

Debt Level: 607's debt to equity ratio (49.2%) is considered high.

Reducing Debt: 607's debt to equity ratio has increased from 43.2% to 49.2% over the past 5 years.

Debt Coverage: 607's debt is well covered by operating cash flow (23%).

Interest Coverage: 607 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 607's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 607'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 607's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 607's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 607 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 607'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?

6.7yrs

Average board tenure


CEO

Changqun Ji (51 yo)

no data

Tenure

CN¥317,000

Compensation

Mr. Changqun Ji has been the Chairman and Chief Executive Officer of Fullshare Holdings Limited since December 12, 2013 and its Executive Director since December 12, 2013. Mr. Ji has over 25 years of manag ...


Board Members

NamePositionTenureCompensationOwnership
Changqun Ji
Chairman & CEOno dataCN¥317.00k43.35%
CN¥ 1.5b
Shen Chen
Financial Controller & Executive Director0.83yrCN¥344.00kno data
Wei Du
Executive Director2.08yrsCN¥1.70mno data
Sai Chung Tsang
Independent Non-Executive Director6.67yrsCN¥317.00kno data
Siu Lui Chow
Independent Non-Executive Director6.67yrsCN¥317.00kno data
Chi Keung Lau
Independent Non-Executive Director6.67yrsCN¥317.00kno data

6.7yrs

Average Tenure

53.5yo

Average Age

Experienced Board: 607's board of directors are considered experienced (6.7 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fullshare Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fullshare Holdings Limited
  • Ticker: 607
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Heavy Electrical Equipment
  • Sector: Capital Goods
  • Market Cap: HK$3.347b
  • Shares outstanding: 19.69b
  • Website: https://www.fullshare.com

Number of Employees


Location

  • Fullshare Holdings Limited
  • Unit 2805, Admiralty Centre Tower 1
  • Level 28
  • Admiralty
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
607SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013
607SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013
WAVBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2013
607SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013

Biography

Fullshare Holdings Limited, an investment holding company, engages in the property development, sale of gear products, and property investment activities in the People’s Republic of China, the United State ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/11 12:55
End of Day Share Price2020/08/10 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.