Loading...

Furniweb Holdings

SEHK:8480
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8480
SEHK
HK$1B
Market Cap
  1. Home
  2. HK
  3. Consumer Durables
Company description

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. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
8480 Share Price and Events
7 Day Returns
-7.3%
SEHK:8480
-4.1%
HK Luxury
-2.4%
HK Market
1 Year Returns
605.3%
SEHK:8480
-14.5%
HK Luxury
-16.5%
HK Market
8480 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Furniweb Holdings (8480) -7.3% -5.3% -9.2% 605.3% - -
HK Luxury -4.1% -9.9% -4.5% -14.5% 13.6% -1.2%
HK Market -2.4% -9% -8.1% -16.5% 19.3% 4.9%
1 Year Return vs Industry and Market
  • 8480 outperformed the Luxury industry which returned -14.5% over the past year.
  • 8480 outperformed the Market in Hong Kong which returned -16.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

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

8480 Value

 Is Furniweb 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 Furniweb 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 Furniweb Holdings.

SEHK:8480 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 6.9%
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:8480
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 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.716 (1 + (1- 24%) (1.48%))
0.815
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.815 * 5.96%)
6.86%

Discounted Cash Flow Calculation for SEHK:8480 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Furniweb 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:8480 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MYR, Millions) Source Present Value
Discounted (@ 6.86%)
2019 0.43 Est @ 8.66% 0.40
2020 0.46 Est @ 6.66% 0.40
2021 0.48 Est @ 5.26% 0.39
2022 0.50 Est @ 4.29% 0.38
2023 0.52 Est @ 3.6% 0.37
2024 0.54 Est @ 3.12% 0.36
2025 0.55 Est @ 2.79% 0.35
2026 0.56 Est @ 2.55% 0.33
2027 0.58 Est @ 2.39% 0.32
2028 0.59 Est @ 2.27% 0.30
Present value of next 10 years cash flows MYR3.61
SEHK:8480 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= MYR0.59 × (1 + 2%) ÷ (6.86% – 2%)
MYR12.42
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MYR12.42 ÷ (1 + 6.86%)10
MYR6.40
SEHK:8480 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MYR3.61 + MYR6.40
MYR10.01
Equity Value per Share
(MYR)
= Total value / Shares Outstanding
= MYR10.01 / 504.00
MYR0.02
SEHK:8480 Discount to Share Price
Calculation Result
Exchange Rate MYR/HKD
(Reporting currency to currency of SEHK:8480)
1.875
Value per Share
(HKD)
= Value per Share in MYR x Exchange Rate (MYR/HKD)
= MYR0.02 x 1.875
HK$0.04
Value per share (HKD) From above. HK$0.04
Current discount Discount to share price of HK$2.68
= -1 x (HK$2.68 - HK$0.04) / HK$0.04
-7096.3%

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

  • The current share price of Furniweb 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 Furniweb Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Furniweb Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8480 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in MYR MYR0.00
SEHK:8480 Share Price ** SEHK (2019-05-24) in HKD HK$2.68
SEHK:8480 Share Price converted to MYR reporting currency Exchange rate (HKD/ MYR) 0.533 MYR1.43
Hong Kong Luxury Industry PE Ratio Median Figure of 77 Publicly-Listed Luxury Companies 9.55x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.99x

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

** Primary Listing of Furniweb Holdings.

SEHK:8480 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8480 Share Price ÷ EPS (both in MYR)

= 1.43 ÷ 0.00

-1309.85x

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

  • Furniweb Holdings is loss making, we can't compare its value to the HK Luxury industry average.
  • Furniweb Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Furniweb Holdings's expected growth come at a high price?
Raw Data
SEHK:8480 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1309.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.5%per year
Hong Kong Luxury Industry PEG Ratio Median Figure of 23 Publicly-Listed Luxury Companies 0.87x
Hong Kong Market PEG Ratio Median Figure of 462 Publicly-Listed Companies 0.77x

*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 Furniweb Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Furniweb Holdings's assets?
Raw Data
SEHK:8480 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in MYR MYR0.20
SEHK:8480 Share Price * SEHK (2019-05-24) in HKD HK$2.68
SEHK:8480 Share Price converted to MYR reporting currency Exchange rate (HKD/ MYR) 0.533 MYR1.43
Hong Kong Luxury Industry PB Ratio Median Figure of 122 Publicly-Listed Luxury Companies 1.02x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:8480 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8480 Share Price ÷ Book Value per Share (both in MYR)

= 1.43 ÷ 0.20

7.3x

* Primary Listing of Furniweb Holdings.

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

  • Furniweb Holdings is overvalued based on assets compared to the HK Luxury industry average.
X
Value checks
We assess Furniweb 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. Furniweb 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.

8480 Future Performance

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

  • No analysts cover Furniweb 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
28.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Furniweb Holdings expected to grow at an attractive rate?
  • Furniweb Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Furniweb Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Furniweb Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8480 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8480 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.5%
Hong Kong Luxury Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Hong Kong Luxury Industry Revenue Growth Rate Market Cap Weighted Average 11.5%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.3%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*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:8480 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in MYR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8480 Future Estimates Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8480 Past Financials Data
Date (Data in MYR Millions) Revenue Cash Flow Net Income *
2019-03-31 95 -1
2018-12-31 93 -2 1
2018-09-30 91 4
2018-06-30 96 0 7
2018-03-31 103 8
2017-12-31 110 7 9
2017-09-30 113 6
2017-03-31 104 13 7
2016-12-31 98 12 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Furniweb Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Furniweb 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:8480 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Furniweb Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8480 Future Estimates Data
Date (Data in MYR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8480 Past Financials Data
Date (Data in MYR Millions) EPS *
2019-03-31 0.00
2018-12-31 0.00
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.02
2017-12-31 0.02
2017-09-30 0.02
2017-03-31 0.37
2016-12-31 0.02

*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 Furniweb Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Furniweb 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.
Furniweb 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.

8480 Past Performance

  How has Furniweb Holdings performed over the past 5 years?

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

SEHK:8480 Past Revenue, Cash Flow and Net Income Data
Date (Data in MYR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 95.23 -0.55 20.38
2018-12-31 92.57 0.93 19.64
2018-09-30 91.49 4.10 13.27
2018-06-30 95.80 6.71 14.46
2018-03-31 102.77 7.86 23.29
2017-12-31 109.75 8.80 25.40
2017-09-30 112.79 6.36 24.34
2017-03-31 103.59 7.43 19.41
2016-12-31 97.94 6.83 16.87
2015-12-31 89.03 5.64 15.01

*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 Furniweb 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 Furniweb 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 Furniweb 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 Furniweb 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.
Furniweb 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.

8480 Health

 How is Furniweb 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 Furniweb Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Furniweb Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Furniweb Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Furniweb 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 7x 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 Furniweb Holdings Company Filings, last reported 1 month ago.

SEHK:8480 Past Debt and Equity Data
Date (Data in MYR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 98.66 10.67 32.25
2018-12-31 98.66 10.67 32.25
2018-09-30 96.49 10.92 33.12
2018-06-30 96.49 10.92 33.12
2018-03-31 97.61 11.17 38.19
2017-12-31 97.61 11.17 38.19
2017-09-30
2017-03-31 68.73 15.58 12.93
2016-12-31 76.02 15.40 15.55
2015-12-31 71.28 18.52 17.16
  • Furniweb Holdings's level of debt (10.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Furniweb Holdings's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Furniweb Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Furniweb 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. Furniweb Holdings has a total score of 3/6, 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.

8480 Dividends

 What is Furniweb 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 Furniweb Holdings dividends.
If you bought HK$2,000 of Furniweb 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 Furniweb Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Furniweb 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:8480 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 56 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 965 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

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

SEHK:8480 Future Dividends Estimate Data
Date (Data in MYR) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Furniweb Holdings has not reported any payouts.
  • Unable to verify if Furniweb Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Furniweb Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Furniweb 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 Furniweb Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Furniweb Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Furniweb 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.

8480 Management

 What is the CEO of Furniweb 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
Eng Cheah
COMPENSATION MYR1,202,000
AGE 71
CEO Bio

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 and operational management of Furniweb Holdings. He also oversees the compliance of the internal policies and legal requirements within Furniweb Holdings. He is a Co-founder of Furniweb Holdings Limited. Mr. Cheah joined Furniweb Holdings Limited in October 1987. Mr. Cheah is the Founder of Webtex Trading Sdn Bhd (“Webtex”) and Texstrip Manufacturing Sdn Bhd (“Texstrip’), the wholly-owned subsidiaries of Furniweb Industrial Products Bhd. Mr. Cheah was the Founder of PRG Holdings Berhad and served as its Managing Director from July 21, 2003 to September 20, 2017. He served as Managing Director of Manufacturing at PRG Holdings Berhad since April 11, 2016. Mr. Cheah has almost 30 of experience in the rubber threads and furniture webbing industries, in particular in the field of sales and marketing and management. He served as the Chairman of Board of Management at FVSC (VN). He served in the Malaysian Army from 1965 to 1974 before he joined Oriental Elastic Industries Co. as a Sales Executive. He left Oriental Elastic Industries Sdn. Bhd. in 1980 as the Manager of Furniweb Industrial Products Bhd. He continued his career with Heveafil Sdn. Bhd., as the Sales Manager and was placed in charged of Asia Pacific region. In 1986, he joined Rubberflex Sdn Bhd, a rubber threads manufacturing company as a Sales Manager. Mr. Cheah served as the Managing Director at FMSB since 1987 and of Texstrip since 1988. He was a Founder Member of FMSB (MY), WTSB (MY) and TMSB (MY). He was appointed as the Vice President of Malaysian Textile Manufacturers Association in 2011. He served as the Chairman of The Members' Council at PEWAV (VN). He serves as a Director of WTSB (MY), FMSB (MY), TMSB (MY), SSKSB (MY), FSWSB (MY), TSMSB (MY) and FIPB. Mr. Cheah served as a Director of PRG Holdings Berhad from July 21, 2003 to September 20, 2017. He attended secondary school education in Malaysia.

CEO Compensation
  • Eng's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Eng's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

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

1.1
Average Tenure
48
Average Age
  • The average tenure for the Furniweb Holdings management team is less than 2 years, this suggests a new team.
Management Team

Eng Cheah

TITLE
CEO & Executive Director
COMPENSATION
MYR1M
AGE
71

Chuan Tan

TITLE
COO, Compliance Officer & Executive Director
COMPENSATION
MYR977K
AGE
47

Choon Lua

TITLE
Executive Director
COMPENSATION
MYR356K
AGE
42

Phei Ho

TITLE
Chief Financial Officer
AGE
39
TENURE
2 yrs

Lock Ong

TITLE
Sales Director
AGE
66
TENURE
31.5 yrs

Weidong Qu

TITLE
Executive Director
AGE
49

Seaman Kwok

TITLE
Joint Company Secretary
AGE
59
TENURE
0.2 yrs

Yiu Chung Au Yeung

TITLE
Joint Company Secretary
AGE
36
TENURE
0.2 yrs
Board of Directors Tenure

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

1.7
Average Tenure
49
Average Age
  • The average tenure for the Furniweb Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Michael Lim

TITLE
Chairman
COMPENSATION
MYR82K
AGE
70

Eng Cheah

TITLE
CEO & Executive Director
COMPENSATION
MYR1M
AGE
71
TENURE
2.2 yrs

Chuan Tan

TITLE
COO, Compliance Officer & Executive Director
COMPENSATION
MYR977K
AGE
47
TENURE
2.2 yrs

Choon Lua

TITLE
Executive Director
COMPENSATION
MYR356K
AGE
42
TENURE
2.1 yrs

Weidong Qu

TITLE
Executive Director
AGE
49
TENURE
0.1 yrs

Ming Ho

TITLE
Independent Non-Executive Director
COMPENSATION
MYR61K
AGE
43
TENURE
1.7 yrs

Jeck Wee

TITLE
Independent Non-Executive Director
COMPENSATION
MYR61K
AGE
55
TENURE
1.7 yrs

Kok Chung Hou

TITLE
Independent Non-Executive Director
COMPENSATION
MYR61K
AGE
55
TENURE
1.7 yrs

Guang Yang

TITLE
Non Executive Director
COMPENSATION
MYR6K
AGE
33
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
03. Oct 18 Sell PRG Holdings Berhad Company 03. Oct 18 03. Oct 18 -60,480,000 HK$0.50 HK$-30,239,848
X
Management checks
We assess Furniweb 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. Furniweb 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.

8480 News

Simply Wall St News

Does Furniweb Holdings Limited's (HKG:8480) PE Ratio Warrant A Buy?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to better understand how you can grow your money by investing in Furniweb Holdings Limited (HKG:8480). … Furniweb Holdings Limited (HKG:8480) trades with a trailing P/E of 9.9x, which is lower than the industry average of 11.8x.

Simply Wall St -

With An ROE Of 9.05%, Has Furniweb Holdings Limited's (HKG:8480) Management Done A Good Job?

View our latest analysis for Furniweb Holdings Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Furniweb Holdings’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Furniweb Holdings’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity SEHK:8480 Last Perf Dec 21st 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

8480 Company Info

Description

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 three segments: Elastic textile, Webbing, and Other products. 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 machinery and accessories; and sells clothing, footwear, and ancillary 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, and health care industries. The company was founded in 1987 and is headquartered in Seri Kembangan, Malaysia. Furniweb Holdings Limited is a subsidiary of PRG Holdings Berhad.

Details
Name: Furniweb Holdings Limited
8480
Exchange: SEHK
Founded: 1987
HK$1,350,720,000
504,000,000
Website: http://furniweb.com.my
Address: Furniweb Holdings Limited
Lot 1883,
Jalan KPB 9,
Seri Kembangan,
Selangor, 43300,
Malaysia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8480 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 16. Oct 2017
Number of employees
Current staff
Staff numbers
825
Furniweb Holdings employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 13:04
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/03/20
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.