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

2.7%

1448

4.3%

HK Consumer Services

3.1%

HK Market


1 Year Return

26.5%

1448

4.1%

HK Consumer Services

0.5%

HK Market

Return vs Industry: 1448 exceeded the Hong Kong Consumer Services industry which returned 4.1% over the past year.

Return vs Market: 1448 exceeded the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

1448IndustryMarket
7 Day2.7%4.3%3.1%
30 Day-1.2%3.7%-1.8%
90 Day4.0%6.6%-4.8%
1 Year27.9%26.5%6.3%4.1%4.1%0.5%
3 Year63.4%58.1%4.3%-1.0%15.8%4.2%
5 Year86.2%76.7%10.8%2.1%18.9%-0.9%

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 compared to its fair value and its price relative to the market?

18.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: 1448 (HK$7.21) is trading below our estimate of fair value (HK$8.82)

Significantly Undervalued: 1448 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 1448 is poor value based on its PE Ratio (27.7x) compared to the Consumer Services industry average (17.5x).

PE vs Market: 1448 is poor value based on its PE Ratio (27.7x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: 1448 is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: 1448 is overvalued based on its PB Ratio (3.8x) compared to the HK Consumer Services industry average (2x).


Next Steps

Future Growth

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

18.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1448's forecast earnings growth (18% per year) is above the savings rate (2%).

Earnings vs Market: 1448's earnings (18% per year) are forecast to grow faster than the Hong Kong market (11.3% per year).

High Growth Earnings: 1448's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1448's revenue (17.8% per year) is forecast to grow faster than the Hong Kong market (10% per year).

High Growth Revenue: 1448's revenue (17.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: 1448's Return on Equity is forecast to be low in 3 years time (17.3%).


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

Earnings Trend: 1448's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: 1448's earnings growth over the past year (16.1%) is below its 5-year average (18.5% per year).

Earnings vs Industry: 1448 earnings growth over the past year (16.1%) exceeded the Consumer Services industry 14.4%.


Return on Equity

High ROE: 1448's Return on Equity (15.5%) is considered low.


Return on Assets

ROA vs Industry: 1448 has a higher Return on Assets than the Consumer Services industry average last year.


Return on Capital Employed

ROCE Improving: 1448 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 1448's short term assets (CN¥2.7B) exceeds its short term liabilities (CN¥692.3M)

Long Term Liabilities: 1448's short term assets (2.7B) exceeds its long term liabilities (548.3M)


Debt to Equity History and Analysis

Debt Level: 1448's debt to equity ratio (3.9%) is considered satisfactory

Reducing Debt: 1448's debt to equity ratio has reduced from 4.1% to 3.9% over the past 5 years.

Debt Coverage: 1448's debt is well covered by operating cash flow (452.3%).

Interest Coverage: 1448 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1448 has a high level of physical assets or inventory.

Debt Coverage by Assets: 1448's debt is covered by short term assets (assets are 15.999130x debt).


Next Steps

Dividend

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

1.16%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%2.3%markettop25%6.3%industryaverage2.3%forecastin3Years1.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 1448's dividend (1.16%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.27%).

High Dividend: 1448's dividend (1.16%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

Stable Dividend: 1448 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 1448 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: 1448 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 1448's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


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

Compensation vs. Market: Jisheng's total compensation ($USD1.03M) is about average for companies of similar size in the Hong Kong market ($USD510.05K).

Compensation vs Earnings: Jisheng's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

54yo

Average Age

Experienced Management: 1448's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: 1448's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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: 2.6yrs
  • Frank Yuan (44yo)

    Chief Financial Officer

    • Tenure: 4.4yrs
  • Yi Hu

    Company Secretary

    • Tenure: 1.1yrs

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: 6.8yrs
    • 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$16.306b
  • 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 Analysis2019/10/17 12:55
End of Day Share Price2019/10/17 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.