How does 3360's PE Ratio compare to its peers?

3360 is expensive based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (4.1x).

How does 3360's PE Ratio compare vs other companies in the HK Diversified Financial Industry?

3360 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Hong Kong Diversified Financial industry average (8.8x).

What is 3360's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3360 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).

What is the Fair Price of 3360 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

3360 (HK$5.31) is trading below our estimate of [[fair value]] (HK$22.09)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Far East Horizon (SHSC:3360) - Stock Price, News & Analysis

3360 Stock Overview

Provides various financial services in Mainland China, Hong Kong, and internationally. More details

3360 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	1/6
Past Performance	2/6
Financial Health	2/6
Dividends	6/6

Rewards

Trading at 76% below our estimate of its fair value

Earnings are forecast to grow 8.5% per year

Pays a high and reliable dividend of 9.12%

Analysts in good agreement that stock price will rise by 42.4%

Risk Analysis

Debt is not well covered by operating cash flow

Far East Horizon Limited Competitors

China Development Bank Financial Leasing

SEHK:1606

HK$15.0b

CSSC (Hong Kong) Shipping

SEHK:3877

HK$10.0b

Genertec Universal Medical Group

SEHK:2666

HK$8.8b

Haitong Unitrust International Financial Leasing

SEHK:1905

HK$6.9b

Price History & Performance

Summary of all time highs, changes and price drops for Far East Horizon
Historical stock prices
Current Share Price	HK$5.31
52 Week High	HK$6.50
52 Week Low	HK$4.92
Beta	0.63
11 Month Change	-4.15%
3 Month Change	-0.93%
1 Year Change	-10.76%
33 Year Change	-24.36%
5 Year Change	-25.32%
Change since IPO	-27.26%

Recent updates

Shareholder Returns

	3360	HK Diversified Financial	HK Market
7D	-0.2%	0.1%	1.6%
1Y	-10.8%	-2.2%	10.1%

Return vs Industry: 3360 underperformed the Hong Kong Diversified Financial industry which returned -2.2% over the past year.

Return vs Market: 3360 underperformed the Hong Kong Market which returned 10.1% over the past year.

Price Volatility

Is 3360's price volatile compared to industry and market?
3360 volatility
3360 Average Weekly Movement	4.4%
Diversified Financial Industry Average Movement	10.9%
Market Average Movement	8.9%
10% most volatile stocks in HK Market	19.0%
10% least volatile stocks in HK Market	4.3%

Stable Share Price: 3360 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 3360's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	19,862	Fanxing Kong	www.fehorizon.com

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; and Industrial Operation and Management. The Financial, Lease and Advisory segment offers direct finance leasing, sale-leaseback, factoring, entrusted loans, operating lease, advisory, and construction services.

Far East Horizon Limited Fundamentals Summary

How do Far East Horizon's earnings and revenue compare to its market cap?
3360 fundamental statistics
Market cap	HK$22.94b
Earnings (TTM)	HK$5.59b
Revenue (TTM)	HK$39.01b

4.1x

P/E Ratio

0.6x

P/S Ratio

Is 3360 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3360 income statement (TTM)
Revenue	CN¥36.32b
Cost of Revenue	CN¥19.85b
Gross Profit	CN¥16.47b
Other Expenses	CN¥11.26b
Earnings	CN¥5.21b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.21
Gross Margin	45.34%
Net Profit Margin	14.34%
Debt/Equity Ratio	449.0%

How did 3360 perform over the long term?

See historical performance and comparison

Dividends

9.1%

Current Dividend Yield

56%

Payout Ratio

3360 Stock Overview

Rewards

Risk Analysis

Far East Horizon Limited Competitors

SEHK:1606

HK$15.0b

SEHK:3877

HK$10.0b

SEHK:2666

HK$8.8b

SEHK:1905

HK$6.9b

Price History & Performance

Recent News & Updates

Upcoming dividend of HK$0.25 per share

First half 2024 earnings released: EPS: CN¥0.49 (vs CN¥0.73 in 1H 2023)

Far East Horizon Limited to Report First Half, 2024 Results on Aug 09, 2024

Investor sentiment deteriorates as stock falls 17%

Far East Horizon Limited Approves the Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.50 per share

Recent updates

Upcoming dividend of HK$0.25 per share

First half 2024 earnings released: EPS: CN¥0.49 (vs CN¥0.73 in 1H 2023)

Far East Horizon Limited to Report First Half, 2024 Results on Aug 09, 2024

Investor sentiment deteriorates as stock falls 17%

Far East Horizon Limited Approves the Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.50 per share

Far East Horizon Limited Proposes Final Dividend for the Year Ended 31 December 2023

Final dividend of HK$0.50 announced

Far East Horizon Limited, Annual General Meeting, Jun 05, 2024

Full year 2023 earnings released: EPS: CN¥1.47 (vs CN¥1.47 in FY 2022)

Far East Horizon Limited completed the Spin-Off of 4.99868% stake in Horizon Construction Development Limited (SEHK:9930).

First half 2023 earnings released: EPS: CN¥0.73 (vs CN¥0.68 in 1H 2022)

Far East Horizon Limited to Report First Half, 2023 Results on Aug 09, 2023

Far East Horizon Limited Appoints Wong Ka Fai Jimmy as Independent Non-Executive Director

Upcoming dividend of JP¥0.49 per share at 7.0% yield

Full year 2022 earnings released: EPS: CN¥1.46 (vs CN¥1.36 in FY 2021)

Far East Horizon Limited to Report Fiscal Year 2022 Results on Mar 15, 2023

Far East Horizon Limited Announces Board Changes

Less than half of directors are independent

First half 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.64 in 1H 2021)

Far East Horizon Limited Announces Management Changes

Far East Horizon Limited to Report First Half, 2022 Results on Aug 29, 2022

Far East Horizon Limited Approves Dividend for the Year Ended December 31, 2021

Upcoming dividend of HK$0.42 per share

Far East Horizon Limited Proposes to Declare Final Dividend for the Year Ended December 31, 2021

Less than half of directors are independent

Executive Vice Chairman & CEO recently bought HK$5.3m worth of stock

Less than half of directors are independent

Executive Director & CFO recently bought HK$1.4m worth of stock

First half 2021 earnings released: EPS CN¥0.64 (vs CN¥0.54 in 1H 2020)

Upcoming dividend of HK$0.36 per share

Far East Horizon Limited Proposes Final Dividend for the Year Ended 31 December 2020

Full year 2020 earnings released: EPS CN¥1.20 (vs CN¥1.14 in FY 2019)

Far East Horizon Limited to Report Fiscal Year 2020 Results on Mar 30, 2021

New 90-day high: HK$8.90

New 90-day high: HK$8.54

New 90-day high: HK$8.40

New 90-day high: HK$7.89

New 90-day high: HK$7.05

Far East Horizon Limited to Report Q2, 2020 Results on Aug 26, 2020

New 90-day low - HK$6.27

Shareholder Returns

Price Volatility

About the Company

Far East Horizon Limited Fundamentals Summary

4.1x

0.6x

Earnings & Revenue

Dividends

9.1%

56%