SEHK:1901

Stock Analysis Report

Feiyang International Holdings Group

Executive Summary

Feiyang International Holdings Group Limited provides travel related products and services in the People’s Republic of China.


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 1901 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.9%

1901

-4.6%

HK Hospitality

-3.2%

HK Market


1 Year Return

n/a

1901

-7.9%

HK Hospitality

-10.2%

HK Market

Return vs Industry: Insufficient data to determine how 1901 performed against the Hong Kong Hospitality industry.

Return vs Market: Insufficient data to determine how 1901 performed against the Hong Kong Market.


Shareholder returns

1901IndustryMarket
7 Day-4.9%-4.6%-3.2%
30 Day-17.1%-4.4%-3.3%
90 Day4.3%-4.0%0.2%
1 Yearn/a-5.1%-7.9%-6.9%-10.2%
3 Yearn/a17.3%6.8%11.7%0.4%
5 Yearn/a12.1%-5.4%11.1%-7.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Feiyang International Holdings Group undervalued compared to its fair value and its price relative to the market?

33.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1901 (HK$0.98) is trading below our estimate of fair value (HK$1.45)

Significantly Below Fair Value: 1901 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1901 is poor value based on its PE Ratio (45.6x) compared to the Hospitality industry average (11.8x).

PE vs Market: 1901 is poor value based on its PE Ratio (45.6x) compared to the Hong Kong market (10.1x).


Price to Earnings Growth Ratio

PEG Ratio: 1901 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 1901 is overvalued based on its PB Ratio (2.5x) compared to the HK Hospitality industry average (0.9x).


Next Steps

Future Growth

How is Feiyang International Holdings Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

98.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1901's forecast earnings growth (98.8% per year) is above the savings rate (1.6%).

Earnings vs Market: 1901's earnings (98.8% per year) are forecast to grow faster than the Hong Kong market (11.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1901's revenue (11.7% per year) is forecast to grow faster than the Hong Kong market (9.6% per year).

High Growth Revenue: 1901's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1901's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Feiyang International Holdings Group performed over the past 5 years?

-63.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: 1901 has a high level of non-cash earnings.

Growing Profit Margin: 1901's current net profit margins (1.7%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if 1901's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: 1901's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1901 had negative earnings growth (-63.7%) over the past year, making it difficult to compare to the Hospitality industry average (-2.1%).


Return on Equity

High ROE: 1901's Return on Equity (5.4%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Feiyang International Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1901's short term assets (CN¥428.4M) exceed its short term liabilities (CN¥287.7M).

Long Term Liabilities: 1901's short term assets (CN¥428.4M) exceed its long term liabilities (CN¥24.4M).


Debt to Equity History and Analysis

Debt Level: 1901's debt to equity ratio (75.6%) is considered high.

Reducing Debt: Insufficient data to determine if 1901's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1901's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 1901's interest payments on its debt are well covered by EBIT (4.2x coverage).


Balance Sheet

Inventory Level: 1901 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1901's debt is covered by short term assets (assets are 3.2x debt).


Next Steps

Dividend

What is Feiyang International Holdings Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.4%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 1901's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1901's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1901's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1901'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 1901'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?


CEO

Binfeng He 0

0

Mr. Binfeng He serves as Executive Director, Chairman & Chief Executive Officer at Feiyang International Holdings Group Limited. 


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1901 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: 1901 only recently listed within the past 12 months.


Top Shareholders

Company Information

Feiyang International Holdings Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Feiyang International Holdings Group Limited
  • Ticker: 1901
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$490.000m
  • Shares outstanding: 500.00m
  • Website: https://www.iflying.com

Number of Employees


Location

  • Feiyang International Holdings Group Limited
  • 1-140
  • 30 Dashani Street
  • Ningbo
  • Zhejiang Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1901SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2019

Biography

Feiyang International Holdings Group Limited provides travel related products and services in the People’s Republic of China. It offers package tours; FIT Products, including air tickets and hotel accommodations; and ancillary travel-related products and services, such as visa application processing, conferencing services, and arranging purchase of travel insurance for customers. The company provides its products for travelers, retail, and corporate and institutional customers, such as local enterprises, corporations and governmental organizations. Feiyang International Holdings Group Limited was founded in 2001 and is headquartered in Ningbo, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 13:20
End of Day Share Price2020/02/25 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.