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2263

Fu Shek Financial HoldingsSEHK:2263 Stock Report

Market Cap

HK$175.0m

7D

2.3%

1Y

16.7%

Updated

27 Nov, 2021

Data

Company Financials
2263 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends0/6

2263 Stock Overview

Fu Shek Financial Holdings Limited, together with its subsidiaries, provides securities trading, placing, and underwriting services in the People’s Republic of China.

Price History & Performance

Summary of all time highs, changes and price drops for Fu Shek Financial Holdings
Historical stock prices
Current Share PriceHK$0.17
52 Week HighHK$0.37
52 Week LowHK$0.14
Beta0
1 Month Change-6.42%
3 Month Change-8.85%
1 Year Change16.67%
3 Year Changen/a
5 Year Changen/a
Change since IPO-56.25%

Recent News & Updates

Jul 02
Fu Shek Financial Holdings Limited's (HKG:2263) Shareholders Might Be Looking For Exit

Fu Shek Financial Holdings Limited's (HKG:2263) Shareholders Might Be Looking For Exit

When close to half the companies in Hong Kong have price-to-earnings ratios (or "P/E's") below 11x, you may consider Fu...

Shareholder Returns

2263HK Capital MarketsHK Market
7D2.3%-2.4%-2.7%
1Y16.7%-2.4%-6.3%

Return vs Industry: 2263 exceeded the Hong Kong Capital Markets industry which returned -2.4% over the past year.

Return vs Market: 2263 exceeded the Hong Kong Market which returned -6.3% over the past year.

Price Volatility

Is 2263's price volatile compared to industry and market?
2263 volatility
2263 Average Weekly Movement5.5%
Capital Markets Industry Average Movement7.8%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.4%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2263 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 2263's weekly volatility has decreased from 11% to 6% over the past year.

About the Company

FoundedEmployeesCEOWebsite
200117Man Chiu Syhttps://www.hkfsfinance.com

Fu Shek Financial Holdings Limited, together with its subsidiaries, provides securities trading, placing, and underwriting services in the People’s Republic of China. It offers securities dealing, brokerage, and ancillary services; and margin financing and asset management services. The company was founded in 2001 and is headquartered in Admiralty, Hong Kong.

Fu Shek Financial Holdings Fundamentals Summary

How do Fu Shek Financial Holdings's earnings and revenue compare to its market cap?
2263 fundamental statistics
Market CapHK$175.00m
Earnings (TTM)HK$10.69m
Revenue (TTM)HK$37.28m

16.4x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2263 income statement (TTM)
RevenueHK$37.28m
Cost of RevenueHK$1.67m
Gross ProfitHK$35.60m
ExpensesHK$24.92m
EarningsHK$10.69m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 30, 2021

Earnings per share (EPS)0.011
Gross Margin95.51%
Net Profit Margin28.67%
Debt/Equity Ratio0%

How did 2263 perform over the long term?

See historical performance and comparison

Valuation

Is Fu Shek Financial Holdings undervalued compared to its fair value and its price relative to the market?

1.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 2263 (HK$0.18) is trading below our estimate of fair value (HK$0.18)

Significantly Below Fair Value: 2263 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 2263 is poor value based on its PE Ratio (16.4x) compared to the Hong Kong Capital Markets industry average (8.1x).

PE vs Market: 2263 is poor value based on its PE Ratio (16.4x) compared to the Hong Kong market (9.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 2263's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2263 is good value based on its PB Ratio (0.5x) compared to the HK Capital Markets industry average (0.6x).


Future Growth

How is Fu Shek Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fu Shek Financial Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Fu Shek Financial Holdings performed over the past 5 years?

-20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2263 has a high level of non-cash earnings.

Growing Profit Margin: 2263's current net profit margins (28.7%) are higher than last year (22.6%).


Past Earnings Growth Analysis

Earnings Trend: 2263's earnings have declined by 20.5% per year over the past 5 years.

Accelerating Growth: 2263's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2263 had negative earnings growth (-21.4%) over the past year, making it difficult to compare to the Capital Markets industry average (57.3%).


Return on Equity

High ROE: 2263's Return on Equity (3.3%) is considered low.


Financial Health

How is Fu Shek Financial Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2263's short term assets (HK$533.3M) exceed its short term liabilities (HK$211.2M).

Long Term Liabilities: 2263 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 2263 is debt free.

Reducing Debt: 2263 had no debt 5 years ago.

Debt Coverage: 2263 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 2263 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Fu Shek Financial Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2263's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2263'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 2263's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2263'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 2263'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?

1.8yrs

Average management tenure


CEO

Man Chiu Sy (65 yo)

1.83yrs

Tenure

HK$1,449,000

Compensation

Mr. Man Chiu Sy is the Chief Executive Officer of Fu Shek Financial Holdings Limited since January 22, 2020 and has been its Director since June 7, 2016. Mr. Sy joined Fu Shek Financial Holdings Ltd in Nov...


CEO Compensation Analysis

Compensation vs Market: Man Chiu's total compensation ($USD185.79K) is about average for companies of similar size in the Hong Kong market ($USD228.61K).

Compensation vs Earnings: Man Chiu's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: 2263's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: 2263's board of directors are not considered experienced ( 1.8 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Fu Shek Financial Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Fu Shek Financial Holdings Limited
  • Ticker: 2263
  • Exchange: SEHK
  • Founded: 2001
  • Industry: Investment Banking and Brokerage
  • Sector: Diversified Financials
  • Market Cap: HK$175.000m
  • Shares outstanding: 1.00b
  • Website: https://www.hkfsfinance.com

Number of Employees


Location

  • Fu Shek Financial Holdings Limited
  • Room 2705-6
  • 27th Floor
  • Admiralty
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 10:05
End of Day Share Price2021/11/26 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.