SEHK:8480

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Executive Summary

Furniweb Holdings Limited, an investment holding company, manufactures and sells elastic textile and webbing products in Malaysia, Vietnam, rest of the Asia Pacific, Europe, North America, and internationally.


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 8480's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.8%

8480

-1.9%

HK Luxury

-3.0%

HK Market


1 Year Return

-62.7%

8480

-6.1%

HK Luxury

-11.2%

HK Market

Return vs Industry: 8480 underperformed the Hong Kong Luxury industry which returned -6.7% over the past year.

Return vs Market: 8480 underperformed the Hong Kong Market which returned -11.5% over the past year.


Shareholder returns

8480IndustryMarket
7 Day-3.8%-1.9%-3.0%
30 Day-3.8%1.2%-1.2%
90 Day-20.0%-10.8%-10.0%
1 Year-62.7%-62.7%-3.9%-6.1%-8.2%-11.2%
3 Yearn/a18.6%4.9%-5.5%-14.9%
5 Yearn/a11.4%-5.8%-17.8%-30.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

2.51x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8480's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8480's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8480 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 8480 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 8480's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8480 is overvalued based on its PB Ratio (2.5x) compared to the HK Luxury industry average (0.7x).


Next Steps

Future Growth

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

21.3%

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 Furniweb 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 Furniweb Holdings performed over the past 5 years?

-89.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8480 is currently unprofitable.

Growing Profit Margin: 8480 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 8480 is unprofitable, and losses have increased over the past 5 years at a rate of -89% per year.

Accelerating Growth: Unable to compare 8480's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 8480 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3%).


Return on Equity

High ROE: 8480 has a negative Return on Equity (-34.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Furniweb Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8480's short term assets (MYR117.2M) exceed its short term liabilities (MYR49.6M).

Long Term Liabilities: 8480's short term assets (MYR117.2M) exceed its long term liabilities (MYR28.9M).


Debt to Equity History and Analysis

Debt Level: 8480's debt to equity ratio (9.5%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 8480's debt to equity ratio has reduced 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: Insufficient data to determine if 8480 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 8480 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8480's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8480'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 8480's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8480'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 8480'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?

1.2yrs

Average management tenure


CEO

Eng Cheah (72yo)

no data

Tenure

RM1,267,000

Compensation

Mr. Cheah Eng Chuan serves as the Chief Executive Officer of Furniweb Holdings Limited and has been its Executive Director since March 03, 2017. Mr. Cheah oversees strategic planning, business development  ...


CEO Compensation Analysis

Compensation vs Market: Eng's total compensation ($USD290.22K) is about average for companies of similar size in the Hong Kong market ($USD224.60K).

Compensation vs Earnings: Eng's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Eng Cheah
CEO & Executive Directorno dataRM1.27mno data
Chuan Tan
Chief Operating Officerno dataRM851.00kno data
Cheah Hannon
Compliance Officer & Executive Director0.50yrRM48.00kno data
Choon Lua
Executive Director3.08yrsRM357.00kno data
Phei Ho
Chief Financial Officer3yrsno datano data
Lock Ong
Sales Director32.5yrsno datano data
Siu Man Kwok
Joint Company Secretary1.17yrsno datano data
Yiu Chung Au Yeung
Joint Company Secretary1.17yrsno datano data

1.2yrs

Average Tenure

48yo

Average Age

Experienced Management: 8480's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Eng Cheah
CEO & Executive Directorno dataRM1.27mno data
Cheah Hannon
Compliance Officer & Executive Director0.50yrRM48.00kno data
Choon Lua
Executive Director3.08yrsRM357.00kno data
Heen Lim
Chairman of the Boardno dataRM81.00kno data
Ming Ho
Independent Non-Executive Director2.67yrsRM60.00kno data
Kok Chung Hou
Independent Non-Executive Director2.67yrsRM60.00kno data
Guang Yang
Non Executive Director1.5yrsRM60.00kno data
Chee Lee
Independent Non-Executive Director0.17yrno datano data

2.7yrs

Average Tenure

50yo

Average Age

Experienced Board: 8480's board of directors are not considered experienced ( 2.7 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: Furniweb Holdings Limited
  • Ticker: 8480
  • Exchange: SEHK
  • Founded: 1987
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: HK$560.000m
  • Shares outstanding: 560.00m
  • Website: https://furniweb.com.my

Number of Employees


Location

  • Furniweb Holdings Limited
  • Lot 1883
  • Jalan KPB 9
  • Seri Kembangan
  • Selangor
  • 43300
  • Malaysia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8480SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2017

Biography

Furniweb Holdings Limited, an investment holding company, manufactures and sells elastic textile and webbing products in Malaysia, Vietnam, rest of the Asia Pacific, Europe, North America, and internationally. It operates in two segments, Manufacturing and Retail. The company offers upholstery, safety, rigid, and furniture webbing products, as well as covered elastic yarns; narrow elastic fabrics; and rubber strips and sheets. It also trades in machinery and accessories; and sells clothing, footwear, and ancillary products, as well as polyvinyl chloride and other plastic products. In addition, the company is involved in the property business. Its products are used in the apparel, intimate apparel, food packaging, furniture, automotive, household appliance, health care, and agriculture industries. The company was founded in 1987 and is headquartered in Seri Kembangan, Malaysia. Furniweb Holdings Limited is a subsidiary of PRG Holdings Berhad. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/25 13:39
End of Day Share Price2020/05/25 00:00
Earnings2020/03/31
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.