SEHK:1992

Stock Analysis Report

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Executive Summary

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. More Details


Snowflake Analysis

High growth potential and slightly overvalued.

Share Price & News

How has Fosun Tourism Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1992's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-7.2%

1992

-3.4%

HK Hospitality

1.4%

HK Market


1 Year Return

-27.5%

1992

-4.7%

HK Hospitality

0.7%

HK Market

Return vs Industry: 1992 underperformed the Hong Kong Hospitality industry which returned -4.7% over the past year.

Return vs Market: 1992 underperformed the Hong Kong Market which returned 0.7% over the past year.


Shareholder returns

1992IndustryMarket
7 Day-7.2%-3.4%1.4%
30 Day-11.7%-10.7%-0.01%
90 Day-4.2%8.6%-0.1%
1 Year-27.3%-27.5%-3.1%-4.7%4.9%0.7%
3 Yearn/a-21.2%-27.2%-6.9%-17.0%
5 Yearn/a13.5%-2.1%13.5%-5.8%

Price Volatility Vs. Market

How volatile is Fosun Tourism Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fosun Tourism Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1992 (HK$7.24) is trading below our estimate of fair value (HK$29.47)

Significantly Below Fair Value: 1992 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1992 is unprofitable, so we can't compare its PE Ratio to the HK Hospitality industry average.

PE vs Market: 1992 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 1992's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1992 is overvalued based on its PB Ratio (1.1x) compared to the HK Hospitality industry average (1x).


Next Steps

Future Growth

How is Fosun Tourism Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

118.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1992 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: 1992 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 1992's is expected to become profitable in the next 3 years.

Revenue vs Market: 1992's revenue (33.4% per year) is forecast to grow faster than the Hong Kong market (13.3% per year).

High Growth Revenue: 1992's revenue (33.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1992's Return on Equity is forecast to be low in 3 years time (13.6%).


Next Steps

Past Performance

How has Fosun Tourism Group performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1992 is currently unprofitable.

Growing Profit Margin: 1992 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1992 is unprofitable, but has reduced losses over the past 5 years at a rate of 43% per year.

Accelerating Growth: Unable to compare 1992's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1992 is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-56.1%).


Return on Equity

High ROE: 1992 has a negative Return on Equity (-12.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is Fosun Tourism Group's financial position?


Financial Position Analysis

Short Term Liabilities: 1992's short term assets (CN¥12.3B) exceed its short term liabilities (CN¥11.9B).

Long Term Liabilities: 1992's short term assets (CN¥12.3B) do not cover its long term liabilities (CN¥20.7B).


Debt to Equity History and Analysis

Debt Level: 1992's debt to equity ratio (186.7%) is considered high.

Reducing Debt: Insufficient data to determine if 1992's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1992's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: 1992 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Fosun Tourism Group current dividend yield, its reliability and sustainability?

1.45%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1992's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1992'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 1992's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1992's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 1992 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 1992'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?

0.8yrs

Average management tenure


CEO

Jim Qian (58 yo)

11yrs

Tenure

Dr. Jiannong Qian, also known as Jim, Ph.D., serves as Chairman of the Board at Fosun Tourism Group since September 2016 and Executive Director since August 2018 was appointed as chief executive officer of ...


Leadership Team

NamePositionTenureCompensationOwnership
Jiannong Qian
Executive Chairman & CEO11yrsno data0.049%
CN¥ 4.4m
Henri Giscard d'Estaing
Deputy CEO & Vice Chairman2.17yrsno datano data
Ming Long Cao
Co-President & President of The Tourism Destination Construction Management Center0.58yrno datano data
Qing Guo
Co-President & President of The Tourism Destination Business Development & Operation Mgmt Center0.75yrno datano data
Wenping Wang
CFO, VP & Executive Director2.17yrsno data0.032%
CN¥ 3.0m
Bingbin Xu
Co-CFO & VP0.75yrno datano data
Xiaoxue Liu
VP & GM of HR0.58yrno datano data
Michel Wolfovski
Deputy CEO & CFO of Club Med0.75yrno datano data
Minyu Huang
VP & Chairman of Fosun Albion0.75yrno datano data
Ching Ching Leung
Company Secretary1.33yrsno datano data
Yuenan Wang
VP & GM of Service & Solution departmentno datano datano data

0.8yrs

Average Tenure

45yo

Average Age

Experienced Management: 1992's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jiannong Qian
Executive Chairman & CEO11yrsno data0.049%
CN¥ 4.4m
Henri Giscard d'Estaing
Deputy CEO & Vice Chairman2.17yrsno datano data
Wenping Wang
CFO, VP & Executive Director2.17yrsno data0.032%
CN¥ 3.0m
Minyu Huang
VP & Chairman of Fosun Albion0.75yrno datano data
Allan Zeman
Independent Non-Executive Director1.92yrsno datano data
Rong Xin
Independent Non-executive Director1.92yrsno datano data
Yongqing Guo
Independent Non-Executive Director1.92yrsno datano data

1.9yrs

Average Tenure

57yo

Average Age

Experienced Board: 1992's board of directors are not considered experienced ( 1.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fosun Tourism Group's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fosun Tourism Group
  • Ticker: 1992
  • Exchange: SEHK
  • Founded: 2009
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$9.115b
  • Shares outstanding: 1.24b
  • Website: https://www.fosunholiday.com

Number of Employees


Location

  • Fosun Tourism Group
  • ICBC Tower
  • Room 808 and 2101–06
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1992SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2018
6T8DB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2018
1992SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2018
1992SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2018

Biography

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. The company’s Resorts segment operates and manages ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 12:58
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
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.