SEHK:1448

Stock Analysis Report

Fu Shou Yuan International Group

Executive Summary

Fu Shou Yuan International Group Limited, together with its subsidiaries, primarily provides burial and funeral services in the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has Fu Shou Yuan International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.9%

SEHK:1448

-2.1%

HK Consumer Services

0.7%

HK Market


1 Year Return

22.5%

SEHK:1448

-9.0%

HK Consumer Services

-5.3%

HK Market

1448 outperformed the Consumer Services industry which returned -6.3% over the past year.

1448 outperformed the Market in Hong Kong which returned -3.3% over the past year.


Share holder returns

1448IndustryMarket
7 Day-1.9%-2.1%0.7%
30 Day6.4%7.0%4.9%
90 Day5.8%4.8%-3.7%
1 Year23.9%22.5%-7.1%-9.0%-1.8%-5.3%
3 Year64.4%59.0%-0.9%-6.1%16.4%4.6%
5 Year85.3%75.9%3.0%-5.2%18.0%-1.7%

Price Volatility Vs. Market

How volatile is Fu Shou Yuan International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fu Shou Yuan International Group undervalued based on future cash flows and its price relative to the stock market?

15%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Fu Shou Yuan International Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Fu Shou Yuan International Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Fu Shou Yuan International Group is overvalued based on earnings compared to the HK Consumer Services industry average.

Fu Shou Yuan International Group is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Fu Shou Yuan International Group is poor value based on expected growth next year.


Price Based on Value of Assets

Fu Shou Yuan International Group is overvalued based on assets compared to the HK Consumer Services industry average.


Next Steps

Future Growth

How is Fu Shou Yuan International Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fu Shou Yuan International Group's revenue is expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).

Fu Shou Yuan International Group's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).

Fu Shou Yuan International Group's revenue growth is expected to exceed the Hong Kong market average.

Fu Shou Yuan International Group's earnings growth is expected to exceed the Hong Kong market average.

Fu Shou Yuan International Group's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Fu Shou Yuan International Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Fu Shou Yuan International Group performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Fu Shou Yuan International Group's year on year earnings growth rate has been positive over the past 5 years.

Fu Shou Yuan International Group's 1-year earnings growth is less than its 5-year average (16.1% vs 18.5%)

Fu Shou Yuan International Group's earnings growth has exceeded the HK Consumer Services industry average in the past year (16.1% vs 11.8%).


Return on Equity

Fu Shou Yuan International Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Fu Shou Yuan International Group used its assets more efficiently than the HK Consumer Services industry average last year based on Return on Assets.


Return on Capital Employed

Fu Shou Yuan International Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Fu Shou Yuan International Group's financial position?


Financial Position Analysis

Fu Shou Yuan International Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Fu Shou Yuan International Group's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Fu Shou Yuan International Group's level of debt (3.9%) 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 (4.1% vs 3.9% today).

Debt is well covered by operating cash flow (452.3%, greater than 20% of total debt).

Fu Shou Yuan International Group earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 16x debt.


Next Steps

Dividend

What is Fu Shou Yuan International Group's current dividend yield, its reliability and sustainability?

1.45%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Fu Shou Yuan International Group's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.19%).

Fu Shou Yuan International Group's dividend is below the markets top 25% of dividend payers in Hong Kong (6.08%).

Fu Shou Yuan International Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.

Fu Shou Yuan International Group is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.


Current Payout to Shareholders

No need to calculate the sustainability of Fu Shou Yuan International Group's dividends as it is not paying a notable one for Hong Kong.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).


Next Steps

Management

What is the CEO of Fu Shou Yuan International Group's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Jisheng Wang (66yo)

0yrs

Tenure

CN¥7,279,000

Compensation

Mr. Jisheng Wang serves as a Chief Executive of Fu Shou Yuan International Group Ltd and has been its Executive Director since January 30, 2013. Mr. Wang is responsible for the overall management and busin ...


CEO Compensation Analysis

Jisheng's remuneration is higher than average for companies of similar size in Hong Kong.

Jisheng's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

The average tenure for the Fu Shou Yuan International Group management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.8yrs

Average Tenure

62yo

Average Age

The tenure for the Fu Shou Yuan International Group board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Denis Tsoi (54yo)

    Chief Financial Technology Officer & Member of the Board

    • Tenure: 0yrs
  • Xiaojiang Bai (61yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: CN¥7.28m
  • Leon Tan (54yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: CN¥353.00k
  • Jisheng Wang (66yo)

    Chief Executive and Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥7.28m
  • Qiansong Ge (71yo)

    Senior Consultant

    • Tenure: 0yrs
  • Hua Yi (51yo)

    Chief Brand Officer and Group Officer of Culture & Education Committee

    • Tenure: 0yrs
  • Yu Zhao (43yo)

    Head of Fu Shou Home Dept

    • Tenure: 2.5yrs
  • Frank Yuan (44yo)

    Chief Financial Officer

    • Tenure: 4.3yrs
  • Yi Hu

    Company Secretary

    • Tenure: 1yrs

Board Members

  • Zhuping Luo (66yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥423.00k
  • Denis Tsoi (54yo)

    Chief Financial Technology Officer & Member of the Board

    • Tenure: 0yrs
  • Man Ho (50yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥423.00k
  • Jianwei Wu (63yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥423.00k
  • Xiaojiang Bai (61yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: CN¥7.28m
  • Leon Tan (54yo)

    Vice Chairman

    • Tenure: 0yrs
    • Compensation: CN¥353.00k
  • Jisheng Wang (66yo)

    Chief Executive and Executive Director

    • Tenure: 0yrs
    • Compensation: CN¥7.28m
  • Hesheng Lu (69yo)

    Non-Executive Director

    • Tenure: 6.7yrs
    • Compensation: CN¥543.00k
  • James Huang (61yo)

    Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥240.00k
  • Qunlin Chen (73yo)

    Independent Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: CN¥183.00k

Company Information

Fu Shou Yuan International Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fu Shou Yuan International Group Limited
  • Ticker: 1448
  • Exchange: SEHK
  • Founded: 1994
  • Industry: Specialized Consumer Services
  • Sector: Consumer Services
  • Market Cap: HK$16.396b
  • Shares outstanding: 2.23b
  • Website: https://www.fsygroup.com

Number of Employees


Location

  • Fu Shou Yuan International Group Limited
  • Charity Building
  • Room 1306
  • Shanghai
  • 200030
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1448SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2013
FSHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2013
FSHU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2013
1448SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013
1448SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2013

Biography

Fu Shou Yuan International Group Limited, together with its subsidiaries, primarily provides burial and funeral services in the People’s Republic of China. It operates through three segments: Burial Servic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 12:57
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.