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1992

Fosun Tourism Group SEHK:1992 Stock Report

Last Price

HK$10.14

Market Cap

HK$12.6b

7D

0%

1Y

-19.1%

Updated

26 Jun, 2022

Data

Company Financials +
1992 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth6/6
Past Performance0/6
Financial Health3/6
Dividends0/6

1992 Stock Overview

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

Rewards

Trading at 58.4% below our estimate of its fair value

Earnings are forecast to grow 93% per year

Risk Analysis

No risks detected for 1992 from our risk checks.

Fosun Tourism Group Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Fosun Tourism Group
Historical stock prices
Current Share PriceHK$10.14
52 Week HighHK$14.68
52 Week LowHK$8.50
Beta1.64
1 Month Change1.40%
3 Month Change-8.48%
1 Year Change-19.14%
3 Year Change-8.65%
5 Year Changen/a
Change since IPO-32.31%

Recent News & Updates

May 18
Health Check: How Prudently Does Fosun Tourism Group (HKG:1992) Use Debt?

Health Check: How Prudently Does Fosun Tourism Group (HKG:1992) Use Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Dec 07
Is Fosun Tourism Group (HKG:1992) Using Debt Sensibly?

Is Fosun Tourism Group (HKG:1992) Using Debt Sensibly?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

1992HK HospitalityHK Market
7D0%2.8%2.1%
1Y-19.1%-39.2%-23.3%

Return vs Industry: 1992 exceeded the Hong Kong Hospitality industry which returned -39.2% over the past year.

Return vs Market: 1992 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 1992's price volatile compared to industry and market?
1992 volatility
1992 Average Weekly Movement6.6%
Hospitality Industry Average Movement7.7%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 1992 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1992's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
195010,263Jim Qianhttps://www.fosunholiday.com

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. It operates through three segments: Resorts and Hotels, Tourism Destinations, and Services and Solutions in Various Tourism and Leisure Settings. The Resorts and Hotels segment operates and manages vacation resorts under the Club Med and Club Med Joyview, Casa Cook, and Cook’s Club brands.

Fosun Tourism Group Fundamentals Summary

How do Fosun Tourism Group's earnings and revenue compare to its market cap?
1992 fundamental statistics
Market CapCN¥10.71b
Earnings (TTM)-CN¥2.71b
Revenue (TTM)CN¥9.26b

1.2x

P/S Ratio

-3.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1992 income statement (TTM)
RevenueCN¥9.26b
Cost of RevenueCN¥6.69b
Gross ProfitCN¥2.57b
Other ExpensesCN¥5.28b
Earnings-CN¥2.71b

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.19
Gross Margin27.72%
Net Profit Margin-29.28%
Debt/Equity Ratio443.3%

How did 1992 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1992 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1992?

Other financial metrics that can be useful for relative valuation.

1992 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA100.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 1992's PS Ratio compare to its peers?

1992 PS Ratio vs Peers
The above table shows the PS ratio for 1992 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.9x

Price-To-Sales vs Peers: 1992 is good value based on its Price-To-Sales Ratio (1.2x) compared to the peer average (3.9x).


Price to Earnings Ratio vs Industry

How does 1992's PE Ratio compare vs other companies in the HK Hospitality Industry?

Price-To-Sales vs Industry: 1992 is good value based on its Price-To-Sales Ratio (1.2x) compared to the Hong Kong Hospitality industry average (1.7x)


Price to Sales Ratio vs Fair Ratio

What is 1992's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1992 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.2x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: 1992 is good value based on its Price-To-Sales Ratio (1.2x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).


Share Price vs Fair Value

What is the Fair Price of 1992 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1992 (HK$10.14) is trading below our estimate of fair value (HK$24.36)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1992's PEG Ratio to determine if it is good value.


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Future Growth

How is Fosun Tourism Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


93.0%

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 (1.5%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: 1992's revenue (25.2% per year) is forecast to grow faster than the Hong Kong market (10.3% per year).

High Growth Revenue: 1992's revenue (25.2% 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 high in 3 years time (24.6%)


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Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-62.6%

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, and losses have increased over the past 5 years at a rate of 62.6% 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 (7.5%).


Return on Equity

High ROE: 1992 has a negative Return on Equity (-92.94%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Fosun Tourism Group's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: 1992's short term assets (CN¥10.0B) do not cover its short term liabilities (CN¥13.3B).

Long Term Liabilities: 1992's short term assets (CN¥10.0B) do not cover its long term liabilities (CN¥21.0B).


Debt to Equity History and Analysis

Debt Level: 1992's net debt to equity ratio (290.8%) is considered high.

Reducing Debt: 1992's debt to equity ratio has reduced from 787.3% to 443.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 1992 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 1992 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 12.8% per year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.93%

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.


Earnings Payout to Shareholders

Earnings Coverage: 1992 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1992 has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Jim Qian (59 yo)

12.67yrs

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

Experienced Management: 1992's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: 1992's board of directors are considered experienced (3 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Fosun Tourism Group
  • Ticker: 1992
  • Exchange: SEHK
  • Founded: 1950
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Implied Market Cap: HK$12.563b
  • Shares outstanding: 1.24b
  • Website: https://www.fosunholiday.com

Number of Employees


Location

  • Fosun Tourism Group
  • ICBC Tower
  • Rooms 808 & 2101-06
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.