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China Fordoo Holdings

SEHK:2399
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2399
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

China Fordoo Holdings Limited designs, sources, manufactures, and wholesales a range of menswear under the FORDOO brand name in the People’s Republic of China. The last earnings update was 187 days ago. More info.


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2399 Share Price and Events
7 Day Returns
-3.4%
SEHK:2399
2.2%
HK Luxury
1.7%
HK Market
1 Year Returns
4.7%
SEHK:2399
-5.9%
HK Luxury
-9.4%
HK Market
2399 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Fordoo Holdings (2399) -3.4% -6.1% -9.9% 4.7% 160.2% -
HK Luxury 2.2% 6.6% 16.6% -5.9% 19.8% 11.4%
HK Market 1.7% 5.9% 13.7% -9.4% 29.8% 22.4%
1 Year Return vs Industry and Market
  • 2399 outperformed the Luxury industry which returned -5.9% over the past year.
  • 2399 outperformed the Market in Hong Kong which returned -9.4% over the past year.
Price Volatility
2399
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for China Fordoo Holdings's competitors could be found in our database.

2399 Value

 Is China Fordoo Holdings 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.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Fordoo Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Fordoo Holdings.

SEHK:2399 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:2399
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (15.92%))
0.845
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.845 * 5.96%)
7.04%

Discounted Cash Flow Calculation for SEHK:2399 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Fordoo Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:2399 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.04%)
2019 104.47 Est @ -13.5% 97.60
2020 95.22 Est @ -8.85% 83.11
2021 89.90 Est @ -5.59% 73.31
2022 86.92 Est @ -3.31% 66.22
2023 85.42 Est @ -1.72% 60.80
2024 84.91 Est @ -0.6% 56.46
2025 85.06 Est @ 0.18% 52.84
2026 85.68 Est @ 0.73% 49.72
2027 86.63 Est @ 1.11% 46.97
2028 87.82 Est @ 1.38% 44.49
Present value of next 10 years cash flows CN¥631.51
SEHK:2399 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥87.82 × (1 + 2%) ÷ (7.04% – 2%)
CN¥1,779.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,779.12 ÷ (1 + 7.04%)10
CN¥901.20
SEHK:2399 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥631.51 + CN¥901.20
CN¥1,532.71
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,532.71 / 480.90
CN¥3.19
SEHK:2399 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:2399)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥3.19 x 1.17
HK$3.73
Value per share (HKD) From above. HK$3.73
Current discount Discount to share price of HK$7.13
= -1 x (HK$7.13 - HK$3.73) / HK$3.73
-91.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of China Fordoo Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 China Fordoo Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Fordoo Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2399 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in CNY CN¥-0.12
SEHK:2399 Share Price ** SEHK (2019-03-20) in HKD HK$7.13
SEHK:2399 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥6.1
Hong Kong Luxury Industry PE Ratio Median Figure of 80 Publicly-Listed Luxury Companies 10.56x
Hong Kong Market PE Ratio Median Figure of 1,496 Publicly-Listed Companies 11.02x

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

** Primary Listing of China Fordoo Holdings.

SEHK:2399 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2399 Share Price ÷ EPS (both in CNY)

= 6.1 ÷ -0.12

-49.9x

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

  • China Fordoo Holdings is loss making, we can't compare its value to the HK Luxury industry average.
  • China Fordoo Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does China Fordoo Holdings's expected growth come at a high price?
Raw Data
SEHK:2399 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -49.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
24.8%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 22 Publicly-Listed Luxury Companies 0.75x
Hong Kong Market PEG Ratio Median Figure of 467 Publicly-Listed Companies 0.81x

*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 China Fordoo Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Fordoo Holdings's assets?
Raw Data
SEHK:2399 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in CNY CN¥3.00
SEHK:2399 Share Price * SEHK (2019-03-20) in HKD HK$7.13
SEHK:2399 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥6.1
Hong Kong Luxury Industry PB Ratio Median Figure of 120 Publicly-Listed Luxury Companies 1.06x
Hong Kong Market PB Ratio Median Figure of 2,138 Publicly-Listed Companies 0.99x
SEHK:2399 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2399 Share Price ÷ Book Value per Share (both in CNY)

= 6.1 ÷ 3.00

2.03x

* Primary Listing of China Fordoo Holdings.

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

  • China Fordoo Holdings is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess China Fordoo Holdings'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. China Fordoo Holdings 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.

2399 Future Performance

 How is China Fordoo Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover China Fordoo Holdings, future earnings growth has been estimated based on fundamentals.
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
24.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Fordoo Holdings expected to grow at an attractive rate?
  • China Fordoo Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • China Fordoo Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare China Fordoo Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:2399 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2399 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 24.8%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 16.2%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.1%

*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:2399 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2399 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:2399 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-06-30 844 215 -59
2018-03-31 987 247 -18
2017-12-31 1,129 278 22
2017-09-30 1,142 277 83
2017-06-30 1,155 277 144
2017-03-31 1,171 340 138
2016-12-31 1,186 403 132
2016-09-30 1,431 352 172
2016-06-30 1,676 302 213
2016-03-31 1,775 323 251
2015-12-31 1,874 344 289
2015-09-30 1,804 312 284

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Fordoo Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if China Fordoo Holdings 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:2399 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Fordoo Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2399 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:2399 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-06-30 -0.12
2018-03-31 -0.04
2017-12-31 0.05
2017-09-30 0.17
2017-06-30 0.30
2017-03-31 0.29
2016-12-31 0.27
2016-09-30 0.36
2016-06-30 0.44
2016-03-31 0.52
2015-12-31 0.60
2015-09-30 0.59

*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 China Fordoo Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess China Fordoo Holdings'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.
China Fordoo Holdings has a total score of 3/6, 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.

2399 Past Performance

  How has China Fordoo Holdings performed over the past 5 years?

  • China Fordoo Holdings's last earnings update was 187 days ago.
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 China Fordoo Holdings's growth in the last year to its industry (Luxury).
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.
  • China Fordoo Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Fordoo Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Fordoo Holdings's 1-year growth to the HK Luxury industry average as it is not currently profitable.
Earnings and Revenue History
China Fordoo Holdings'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 China Fordoo Holdings Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2399 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 843.60 -58.75 316.99
2018-03-31 986.51 -18.31 313.51
2017-12-31 1,129.42 22.13 310.03
2017-09-30 1,142.31 82.94 241.59
2017-06-30 1,155.20 143.75 174.47
2017-03-31 1,170.52 137.67 193.42
2016-12-31 1,185.83 131.59 212.37
2016-09-30 1,430.85 172.50 256.89
2016-06-30 1,675.87 213.41 301.41
2016-03-31 1,774.79 251.04 280.94
2015-12-31 1,873.71 288.67 260.47
2015-09-30 1,804.15 283.75 232.98
2015-06-30 1,734.59 278.83 205.48
2015-03-31 1,703.50 274.73 198.71
2014-12-31 1,672.41 270.63 191.94
2014-09-30 1,587.02 259.64 179.11
2014-06-30 1,501.63 248.65 166.28
2014-03-31 1,477.22 243.60 163.22
2013-12-31 1,452.81 238.54 160.16
2012-12-31 1,108.98 152.92 128.50

*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 China Fordoo Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if China Fordoo Holdings has efficiently used its assets last year compared to the HK Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if China Fordoo Holdings 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 China Fordoo Holdings'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 Luxury 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.
China Fordoo Holdings 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.

2399 Health

 How is China Fordoo Holdings'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 China Fordoo Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Fordoo Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Fordoo Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Fordoo Holdings'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.
  • Debt is covered by short term assets, assets are 1.8x debt.
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 China Fordoo Holdings Company Filings, last reported 8 months ago.

SEHK:2399 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,443.62 476.00 505.01
2018-03-31 1,443.62 476.00 505.01
2017-12-31 1,452.27 482.99 509.86
2017-09-30 1,452.27 482.99 509.86
2017-06-30 1,498.46 482.61 821.35
2017-03-31 1,498.46 482.61 821.35
2016-12-31 1,420.94 606.50 895.07
2016-09-30 1,420.94 606.50 895.07
2016-06-30 1,358.25 607.48 904.55
2016-03-31 1,358.25 607.48 904.55
2015-12-31 1,389.14 494.28 656.73
2015-09-30 1,389.14 494.28 656.73
2015-06-30 1,245.37 499.69 610.06
2015-03-31 1,245.37 499.69 610.06
2014-12-31 1,244.60 345.00 379.13
2014-09-30 1,244.60 345.00 379.13
2014-06-30 753.47 477.11 57.94
2014-03-31 753.47 477.11 57.94
2013-12-31 582.40 357.00 89.53
2012-12-31 340.87 406.00 56.33
  • China Fordoo Holdings's level of debt (33%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.7% vs 33% today).
  • Debt is well covered by operating cash flow (45.2%, greater than 20% of total debt).
  • China Fordoo Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess China Fordoo Holdings'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. China Fordoo Holdings has a total score of 5/6, 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.

2399 Dividends

 What is China Fordoo Holdings'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 China Fordoo Holdings dividends.
If you bought HK$2,000 of China Fordoo Holdings 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 China Fordoo Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Fordoo Holdings'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:2399 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 Luxury Industry Average Dividend Yield Market Cap Weighted Average of 53 Stocks 2.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 922 Stocks 3.4%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.1%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

SEHK:2399 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:2399 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2017-08-28 0.000 0.000
2017-03-28 0.000 0.000
2016-03-23 0.183 6.547
2016-03-08 0.180 7.778
2015-03-31 0.288 10.330
2015-03-11 0.280 8.109

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

  • Unable to perform a dividend volatility check as China Fordoo Holdings has not reported any payouts.
  • Unable to verify if China Fordoo Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Fordoo Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Fordoo Holdings 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 China Fordoo Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 China Fordoo Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Fordoo Holdings 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.

2399 Management

 What is the CEO of China Fordoo Holdings'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
Hon Fung Kwok
COMPENSATION CN¥815,000
AGE 28
TENURE AS CEO 3.6 years
CEO Bio

Mr. Hon Fung Kwok has been the Chief Executive Officer of China Fordoo Holdings Limited since August 18, 2015 and has been Executive Director since february 12, 2014. Mr. Kwok served as General Manager of China Fordoo Holdings Limited since 2012 to August 18, 2015. Mr. Kwok obtained a graduation certificate in business administration from East China Normal University in Shanghai in 2009.

CEO Compensation
  • Hon Fung's compensation has been consistent with company performance over the past year.
  • Hon Fung's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the China Fordoo Holdings management team in years:

6.9
Average Tenure
48
Average Age
  • The average tenure for the China Fordoo Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kin Kwok

TITLE
Founder & Chairman
COMPENSATION
CN¥2M
AGE
62

Hon Fung Kwok

TITLE
CEO & Executive Director
COMPENSATION
CN¥815K
AGE
28
TENURE
3.6 yrs

Mei Yuan

TITLE
Vice General Manager
COMPENSATION
CN¥677K
AGE
64
TENURE
10.2 yrs

Jianxin Chen

TITLE
Head of Production Planning Department
AGE
44
TENURE
10.2 yrs

Wei Mo

TITLE
Executive Director
AGE
34

Tsz Yin Lai

TITLE
Company Secretary
AGE
52
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the China Fordoo Holdings board of directors in years:

2.6
Average Tenure
41.5
Average Age
  • The average tenure for the China Fordoo Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Kin Kwok

TITLE
Founder & Chairman
COMPENSATION
CN¥2M
AGE
62

Hon Fung Kwok

TITLE
CEO & Executive Director
COMPENSATION
CN¥815K
AGE
28
TENURE
5.1 yrs

Wei Mo

TITLE
Executive Director
AGE
34
TENURE
1 yrs

Philip Poon

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥68K
AGE
48
TENURE
2.6 yrs

Chiu Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥189K
AGE
42
TENURE
4.8 yrs

Yumin Huang

TITLE
Independent Non-Executive Director
AGE
41
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by China Fordoo Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
22. Feb 19 Buy Weihong Cheng Individual 20. Feb 19 20. Feb 19 18,600,000 HK$7.12 HK$132,432,013
21. Feb 19 Sell Asia United Fund Company 20. Feb 19 20. Feb 19 -18,600,000 HK$7.12 HK$-132,432,013
20. Sep 18 Buy Asia United Fund Company 19. Sep 18 19. Sep 18 2,630,000 HK$7.60 HK$19,988,003
12. Sep 18 Buy Asia United Fund Company 10. Sep 18 10. Sep 18 4,863,000 HK$7.60 HK$36,958,795
13. Jul 18 Buy Asia United Fund Company 12. Jul 18 12. Jul 18 12,000,000 HK$10.00 HK$119,999,955
13. Jul 18 Sell Kin Kwok Individual 12. Jul 18 12. Jul 18 -12,000,000 HK$10.00 HK$-119,999,955
22. Jun 18 Buy Asia United Fund Company 21. Jun 18 21. Jun 18 7,770,000 HK$7.83 HK$60,839,102
07. Jun 18 Buy Asia United Fund Company 06. Jun 18 06. Jun 18 12,193,000 HK$7.83 HK$95,471,200
10. May 18 Buy Asia United Fund Company 09. May 18 09. May 18 5,200,000 HK$7.58 HK$39,416,012
08. May 18 Buy Asia United Fund Company 08. May 18 08. May 18 6,660,000 HK$7.50 HK$49,950,009
17. Apr 18 Sell Hon Pan Kwok Individual 12. Apr 18 12. Apr 18 -21,513,310 HK$5.50 HK$-118,323,155
12. Apr 18 Buy Asia United Fund Company 11. Apr 18 11. Apr 18 7,700,000 HK$6.51 HK$50,126,987
12. Apr 18 Sell Hon Pan Kwok Individual 11. Apr 18 11. Apr 18 -7,700,000 HK$6.51 HK$-50,126,987
X
Management checks
We assess China Fordoo Holdings'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. China Fordoo Holdings 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.

2399 News

Simply Wall St News

What Did China Fordoo Holdings Limited's (HKG:2399) CEO Take Home Last Year?

In 2015 Hon Fung Kwok was appointed CEO of China Fordoo Holdings Limited (HKG:2399). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Hon Fung Kwok's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What Investors Should Know About China Fordoo Holdings Limited's (HKG:2399) Financial Strength

While small-cap stocks, such as China Fordoo Holdings Limited (HKG:2399) with its market cap of HK$3.7b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … the current state of its operations and pathway to profitability.

Simply Wall St -

Do Insiders Own Lots Of Shares In China Fordoo Holdings Limited (HKG:2399)?

Every investor in China Fordoo Holdings Limited (HKG:2399) should be aware of the most powerful shareholder groups. … China Fordoo Holdings is a smaller company with a market capitalization of HK$3.6b, so it may still be flying under the radar of many institutional investors. … See our latest analysis for China Fordoo Holdings

Simply Wall St -

Should You Worry About China Fordoo Holdings Limited's (HKG:2399) CEO Salary Level?

Hon Fung Kwok has been the CEO of China Fordoo Holdings Limited (HKG:2399) since 2015. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Our data indicates that China Fordoo Holdings Limited is worth HK$3.5b, and total annual CEO compensation is CN¥815k.

Simply Wall St -

Why China Fordoo Holdings Limited's (HKG:2399) Ownership Structure Is Important

In this article, I will take a quick look at China Fordoo Holdings Limited’s (HKG:2399) recent ownership structure – an unconventional investing subject, but an important one. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for China Fordoo Holdings

Simply Wall St -

What You Must Know About China Fordoo Holdings Limited's (HKG:2399) Return on Equity

and want to begin learning the link between China Fordoo Holdings Limited (HKG:2399)’s return fundamentals and stock market performance. … China Fordoo Holdings Limited (HKG:2399) delivered a less impressive 1.52% ROE over the past year, compared to the 9.88% return generated by its industry. … An investor may attribute an inferior ROE to a relatively inefficient performance, and whilst this can often be the case, knowing the nuts and bolts of the ROE calculation may change that perspective and give you a deeper insight into 2399's past performance

Simply Wall St -

2399 Company Info

Description

China Fordoo Holdings Limited designs, sources, manufactures, and wholesales a range of menswear under the FORDOO brand name in the People’s Republic of China. It offers men’s trousers, tops, and blazers, as well as accessories. The company sells its products on a wholesale basis to third-party distributors and online distributors, as well as through self-operated retail outlets in Quanzhou, Fujian Province. As of December 31, 2017, it had 1,071 retail outlets, which included 2 self-operated retail stores. The company was incorporated in 2013 and is headquartered in Quanzhou, the People’s Republic of China. China Fordoo Holdings Limited is a subsidiary of Everkept Limited.

Details
Name: China Fordoo Holdings Limited
2399
Exchange: SEHK
Founded: 2013
HK$3,496,143,000
480,900,000
Website: http://www.fordoo.cn
Address: China Fordoo Holdings Limited
Fordoo Industrial Zone E12,
Xunmei Industrial Zone,
Quanzhou,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2399 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Jul 2014
Number of employees
Current staff
Staff numbers
1,598
China Fordoo Holdings employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 12:59
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2017/03/28
Last earnings filing: 2018/09/14
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.