Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. More Details
Undervalued second-rate dividend payer.
Share Price & News
How has Far East Horizon's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 3360 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 3360's weekly volatility (4%) has been stable over the past year.
7 Day Return
HK Diversified Financial
1 Year Return
HK Diversified Financial
Return vs Industry: 3360 exceeded the Hong Kong Diversified Financial industry which returned 20.3% over the past year.
Return vs Market: 3360 exceeded the Hong Kong Market which returned 7.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Far East Horizon's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StShould You Be Adding Far East Horizon (HKG:3360) To Your Watchlist Today?
1 month ago | Simply Wall StWhat Kind Of Investors Own Most Of Far East Horizon Limited (HKG:3360)?
2 months ago | Simply Wall StDid You Participate In Any Of Far East Horizon's (HKG:3360) Respectable 67% Return?
Is Far East Horizon undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 3360 (HK$8.29) is trading below our estimate of fair value (HK$34.07)
Significantly Below Fair Value: 3360 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3360 is good value based on its PE Ratio (5.7x) compared to the Hong Kong Diversified Financial industry average (8.5x).
PE vs Market: 3360 is good value based on its PE Ratio (5.7x) compared to the Hong Kong market (10.7x).
Price to Earnings Growth Ratio
PEG Ratio: 3360 is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: 3360 is overvalued based on its PB Ratio (0.6x) compared to the HK Diversified Financial industry average (0.5x).
How is Far East Horizon forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3360's forecast earnings growth (14.5% per year) is above the savings rate (1.5%).
Earnings vs Market: 3360's earnings (14.5% per year) are forecast to grow slower than the Hong Kong market (18.3% per year).
High Growth Earnings: 3360's earnings are forecast to grow, but not significantly.
Revenue vs Market: 3360's revenue (13% per year) is forecast to grow faster than the Hong Kong market (12.4% per year).
High Growth Revenue: 3360's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3360's Return on Equity is forecast to be low in 3 years time (15.2%).
How has Far East Horizon performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3360 has high quality earnings.
Growing Profit Margin: 3360's current net profit margins (17.6%) are lower than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: 3360's earnings have grown by 12.2% per year over the past 5 years.
Accelerating Growth: 3360's earnings growth over the past year (5.5%) is below its 5-year average (12.2% per year).
Earnings vs Industry: 3360 earnings growth over the past year (5.5%) underperformed the Diversified Financial industry 9.7%.
Return on Equity
High ROE: 3360's Return on Equity (11.1%) is considered low.
How is Far East Horizon's financial position?
Financial Position Analysis
Short Term Liabilities: 3360's short term assets (CN¥240.5B) exceed its short term liabilities (CN¥129.3B).
Long Term Liabilities: 3360's short term assets (CN¥240.5B) exceed its long term liabilities (CN¥125.3B).
Debt to Equity History and Analysis
Debt Level: 3360's debt to equity ratio (458.4%) is considered high.
Reducing Debt: 3360's debt to equity ratio has increased from 365.4% to 458.4% over the past 5 years.
Debt Coverage: 3360's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 3360's interest payments on its debt are well covered by EBIT.
What is Far East Horizon current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3360's dividend (4.29%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.06%).
High Dividend: 3360's dividend (4.29%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 3360 has been paying a dividend for less than 10 years.
Growing Dividend: 3360's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.3%), 3360's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3360's dividends in 3 years are forecast to be well covered by earnings (18.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Fanxing Kong (57 yo)
Mr. Fanxing Kong has been the Chief Executive Officer of Far East Horizon Limited since September 2009 and served as President since September 2009. Mr. Kong serves as the Chairman and the Chief Executive ...
CEO Compensation Analysis
Compensation vs Market: Fanxing's total compensation ($USD1.11M) is above average for companies of similar size in the Hong Kong market ($USD708.38K).
Compensation vs Earnings: Fanxing's compensation has been consistent with company performance over the past year.
Experienced Management: 3360's management team is seasoned and experienced (10.1 years average tenure).
Experienced Board: 3360's board of directors are seasoned and experienced ( 10.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.1%.
Far East Horizon Limited's company bio, employee growth, exchange listings and data sources
- Name: Far East Horizon Limited
- Ticker: 3360
- Exchange: SEHK
- Founded: 2008
- Industry: Specialized Finance
- Sector: Diversified Financials
- Market Cap: HK$34.525b
- Shares outstanding: 4.16b
- Website: https://www.fehorizon.com
Number of Employees
- Far East Horizon Limited
- International Commerce Centre
- Unit 6608, 66th Floor
- Tsim Sha Tsui
- Hong Kong
Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial, Lease and Advisory; ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/31 10:24|
|End of Day Share Price||2021/07/30 00:00|
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.