SEHK:2212

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Future Bright Mining Holdings

Executive Summary

Future Bright Mining Holdings Limited, an investment holding company, engages in the excavation and sale of marble blocks; and production and sale of marble related products in Hong Kong and Mainland China.


Snowflake Analysis

Flawless balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Future Bright Mining Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2212's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.6%

2212

-5.2%

HK Basic Materials

0.8%

HK Market


1 Year Return

-75.7%

2212

32.4%

HK Basic Materials

6.9%

HK Market

Return vs Industry: 2212 underperformed the Hong Kong Basic Materials industry which returned 32% over the past year.

Return vs Market: 2212 underperformed the Hong Kong Market which returned 6.6% over the past year.


Shareholder returns

2212IndustryMarket
7 Day-5.6%-5.2%0.8%
30 Day-15.0%9.3%-0.5%
90 Day-15.0%3.5%9.8%
1 Year-75.7%-75.7%38.3%32.4%11.3%6.9%
3 Year-92.1%-92.1%97.6%76.2%3.3%-7.7%
5 Year-88.6%-88.6%129.3%97.5%22.6%1.9%

Price Volatility Vs. Market

How volatile is Future Bright Mining Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Future Bright Mining Holdings 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: 2212 (HK$0.02) is trading below our estimate of fair value (HK$0.23)

Significantly Below Fair Value: 2212 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 2212 is unprofitable, so we can't compare its PE Ratio to the HK Basic Materials industry average.

PE vs Market: 2212 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 2212's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2212's PB Ratio (0.9x) is in line with the HK Basic Materials industry average.


Next Steps

Future Growth

How is Future Bright Mining Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.6%

Forecasted Materials 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 Future Bright Mining 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.


Next Steps

Past Performance

How has Future Bright Mining Holdings performed over the past 5 years?

-35.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2212 is currently unprofitable.

Growing Profit Margin: 2212 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2212 is unprofitable, and losses have increased over the past 5 years at a rate of 35.9% per year.

Accelerating Growth: Unable to compare 2212's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2212 is unprofitable, making it difficult to compare its past year earnings growth to the Basic Materials industry (6.4%).


Return on Equity

High ROE: 2212 has a negative Return on Equity (-32.75%), as it is currently unprofitable.


Next Steps

Financial Health

How is Future Bright Mining Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2212's short term assets (CN¥39.7M) exceed its short term liabilities (CN¥4.8M).

Long Term Liabilities: 2212's short term assets (CN¥39.7M) exceed its long term liabilities (CN¥5.7M).


Debt to Equity History and Analysis

Debt Level: 2212 is debt free.

Reducing Debt: 2212 has no debt compared to 5 years ago when its debt to equity ratio was 2.8%.


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 2212 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 2212 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.5% per year.


Next Steps

Dividend

What is Future Bright Mining Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2212's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2212'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 2212's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2212'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 2212'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?

1.9yrs

Average management tenure


CEO

Yuguo Li (66 yo)

0.17

Tenure

CN¥372,000

Compensation

Mr. Yuguo Li serves as Chief Executive Officer at Future Bright Mining Holdings Limited since June 16, 2020. He has been Executive Director at Asia Resources Holdings Limited since August 16, 2017 and has ...


CEO Compensation Analysis

Compensation vs Market: Yuguo's total compensation ($USD53.52K) is below average for companies of similar size in the Hong Kong market ($USD230.03K).

Compensation vs Earnings: Yuguo's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Yuguo Li
CEO & Executive Director0.17yrCN¥372.00k61.73%
CN¥ 40.6m
Xiaoqiu Yang
Executive Director2.5yrsCN¥372.00k6.23%
CN¥ 4.1m
Ho Wu
CFO & Company Secretary1.83yrsno datano data
Decong Zhang
Chief Engineerno dataCN¥127.00kno data
Shan Yuan
Deputy Chief Engineer & Safety Manager5.67yrsCN¥84.00kno data
Zhanghui Liu
Mine Head of Yiduoyan Project8.17yrsno datano data
Bin Lyu
Executive Director0.33yrno datano data
Jin Hu
Consultant3.92yrsCN¥312.00kno data
Tat Wai Wan
Consultant1.92yrsCN¥443.00kno data

1.9yrs

Average Tenure

58yo

Average Age

Experienced Management: 2212's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Yuguo Li
CEO & Executive Director0.17yrCN¥372.00k61.73%
CN¥ 40.6m
Xiaoqiu Yang
Executive Director2.5yrsCN¥372.00k6.23%
CN¥ 4.1m
Shan Yuan
Deputy Chief Engineer & Safety Manager5.67yrsCN¥84.00kno data
Bin Lyu
Executive Director0.33yrno datano data
Chi Pang Lau
Independent Non-Executive Director1.92yrsCN¥159.00kno data
Yan Chee Liu
Executive Director1yrCN¥592.00kno data
Xiaoqiang Yang
Vice Chairman of the Board1.92yrsCN¥213.00kno data
Yijun Zhang
Independent Non-Executive Director1.92yrsCN¥159.00kno data
Xun Chen
Independent Non-Executive Director1.92yrsCN¥159.00kno data
Shuyan Liu
Independent Non-Executive Director1.92yrsCN¥159.00kno data

1.9yrs

Average Tenure

50yo

Average Age

Experienced Board: 2212'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.


Ownership Breakdown

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


Top Shareholders

Company Information

Future Bright Mining Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Future Bright Mining Holdings Limited
  • Ticker: 2212
  • Exchange: SEHK
  • Founded: 2011
  • Industry: Construction Materials
  • Sector: Materials
  • Market Cap: HK$65.790m
  • Shares outstanding: 3.87b
  • Website: https://www.futurebrightltd.com

Number of Employees


Location

  • Future Bright Mining Holdings Limited
  • Room 718
  • No.189 Shuijing Road
  • Xiangyang
  • Hubei Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2212SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2015

Biography

Future Bright Mining Holdings Limited, an investment holding company, engages in the excavation and sale of marble blocks; and production and sale of marble related products in Hong Kong and Mainland China ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:25
End of Day Share Price2020/08/14 00:00
Earnings2019/12/31
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.