SEHK:36

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Far East Holdings International

Executive Summary

Far East Holdings International Limited, an investment holding company, engages in the property and securities investment businesses in Hong Kong.


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 36's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

36

8.5%

HK Luxury

5.8%

HK Market


1 Year Return

-67.2%

36

10.1%

HK Luxury

-4.0%

HK Market

Return vs Industry: 36 underperformed the Hong Kong Luxury industry which returned 5.7% over the past year.

Return vs Market: 36 underperformed the Hong Kong Market which returned -6.5% over the past year.


Shareholder returns

36IndustryMarket
7 Day0%8.5%5.8%
30 Day-19.3%10.5%4.0%
90 Day-33.5%2.3%-2.6%
1 Year-67.2%-67.2%12.8%10.1%-0.6%-4.0%
3 Year-85.7%-85.7%35.4%22.6%1.3%-9.2%
5 Year-97.2%-97.2%32.5%11.6%-9.2%-23.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Far East Holdings International 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: 36 (HK$0.11) is trading below our estimate of fair value (HK$8.3)

Significantly Below Fair Value: 36 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 36 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 36 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 36's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 36 is good value based on its PB Ratio (0.2x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

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

21.2%

Forecasted Consumer Durables 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 Far East Holdings International 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 Far East Holdings International performed over the past 5 years?

-40.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 36 is currently unprofitable.

Growing Profit Margin: 36 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 36 is unprofitable, and losses have increased over the past 5 years at a rate of -40.1% per year.

Accelerating Growth: Unable to compare 36's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 36 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3%).


Return on Equity

High ROE: 36 has a negative Return on Equity (-16.04%), as it is currently unprofitable.


Next Steps

Financial Health

How is Far East Holdings International's financial position?


Financial Position Analysis

Short Term Liabilities: 36's short term assets (HK$218.2M) do not cover its short term liabilities (HK$520.7M).

Long Term Liabilities: 36's short term assets (HK$218.2M) exceed its long term liabilities (HK$213.2M).


Debt to Equity History and Analysis

Debt Level: 36's debt to equity ratio (61%) is considered high.

Reducing Debt: 36's debt to equity ratio has increased from 19.2% to 61% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 36 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 36 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 37.9% per year.


Next Steps

Dividend

What is Far East Holdings International's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 36's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 36'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 36's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 36's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 36 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 36'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?

2.9yrs

Average board tenure


CEO

Far East Holdings International has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Yun Kuen Wong
Chairman of the Board2.92yrsHK$768.00kno data
Kwong Cho Sheung
CFO, Company Secretary & Executive Director2.67yrsHK$222.92kno data
Kui Shing Wong
Independent Non-Executive Director2.92yrsHK$216.00kno data
Ka Wing Mak
Independent Non-Executive Director2.92yrsHK$216.00kno data
Shan Kwan
Independent Non-Executive Director5.5yrsHK$216.00kno data

2.9yrs

Average Tenure

54yo

Average Age

Experienced Board: 36's board of directors are not considered experienced ( 2.9 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

Far East Holdings International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Far East Holdings International Limited
  • Ticker: 36
  • Exchange: SEHK
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$123.070m
  • Shares outstanding: 1.09b
  • Website: https://www.0036.com.hk

Number of Employees


Location

  • Far East Holdings International Limited
  • Wings Building
  • Unit 904
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
36SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Far East Holdings International Limited, an investment holding company, engages in the property and securities investment businesses in Hong Kong. It invests in commercial properties and short-term securities. The company was formerly known as Far East Technology International Limited and changed its name to Far East Holdings International Limited in 2007. Far East Holdings International Limited is based in Central, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 12:39
End of Day Share Price2020/06/04 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.