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1909

Fire Rock Holdings SEHK:1909 Stock Report

Last Price

HK$0.56

Market Cap

HK$2.2b

7D

0%

1Y

-80.8%

Updated

16 May, 2022

Data

Company Financials
1909 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends1/6

1909 Stock Overview

Fire Rock Holdings Limited, an investment holding company, develops browser and mobile games in the People’s Republic of China, North America, Europe, and the Asia Pacific.

Fire Rock Holdings Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Fire Rock Holdings
Historical stock prices
Current Share PriceHK$0.56
52 Week HighHK$3.45
52 Week LowHK$0.36
Beta0.66
1 Month Change0%
3 Month Change-16.42%
1 Year Change-80.79%
3 Year Change12.38%
5 Year Change342.11%
Change since IPO259.36%

Recent News & Updates

Mar 08
Under The Bonnet, Fire Rock Holdings' (HKG:1909) Returns Look Impressive

Under The Bonnet, Fire Rock Holdings' (HKG:1909) Returns Look Impressive

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Dec 14
Is Now The Time To Put Fire Rock Holdings (HKG:1909) On Your Watchlist?

Is Now The Time To Put Fire Rock Holdings (HKG:1909) On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Nov 29
Fire Rock Holdings (HKG:1909) Knows How To Allocate Capital Effectively

Fire Rock Holdings (HKG:1909) Knows How To Allocate Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Shareholder Returns

1909HK EntertainmentHK Market
7D0%-0.5%-0.03%
1Y-80.8%-50.0%-24.4%

Return vs Industry: 1909 underperformed the Hong Kong Entertainment industry which returned -50% over the past year.

Return vs Market: 1909 underperformed the Hong Kong Market which returned -24.4% over the past year.

Price Volatility

Is 1909's price volatile compared to industry and market?
1909 volatility
1909 Average Weekly Movementn/a
Entertainment Industry Average Movement10.6%
Market Average Movement8.0%
10% most volatile stocks in HK Market14.8%
10% least volatile stocks in HK Market3.9%

Stable Share Price: Insufficient data to determine 1909's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine 1909's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2011330n/ahttps://www.firerock.hk

Fire Rock Holdings Limited, an investment holding company, develops browser and mobile games in the People’s Republic of China, North America, Europe, and the Asia Pacific. It operates through two segments: Game and Software Development, and Game Operation. The company offers games in various language versions, including English, Japanese, Thai, French, German, Portuguese, Vietnamese, Indonesian, Russian, and Chinese.

Fire Rock Holdings Fundamentals Summary

How do Fire Rock Holdings's earnings and revenue compare to its market cap?
1909 fundamental statistics
Market CapHK$2.15b
Earnings (TTM)HK$472.78m
Revenue (TTM)HK$809.15m

4.5x

P/E Ratio

2.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1909 income statement (TTM)
RevenueHK$809.15m
Cost of RevenueHK$127.77m
Gross ProfitHK$681.37m
Other ExpensesHK$208.60m
EarningsHK$472.78m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.12
Gross Margin84.21%
Net Profit Margin58.43%
Debt/Equity Ratio69.7%

How did 1909 perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is Fire Rock Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 1909 (HK$0.56) is trading below our estimate of fair value (HK$3.18)

Significantly Below Fair Value: 1909 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1909 is good value based on its PE Ratio (4.5x) compared to the Hong Kong Entertainment industry average (9.3x).

PE vs Market: 1909 is good value based on its PE Ratio (4.5x) compared to the Hong Kong market (8.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1909's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1909 is overvalued based on its PB Ratio (2.1x) compared to the HK Entertainment industry average (1x).


Future Growth

How is Fire Rock Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


56.5%

Forecasted Media 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 Fire Rock 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 Fire Rock Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


55.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1909 has high quality earnings.

Growing Profit Margin: 1909's current net profit margins (58.4%) are lower than last year (69.8%).


Past Earnings Growth Analysis

Earnings Trend: 1909's earnings have grown significantly by 55.6% per year over the past 5 years.

Accelerating Growth: 1909's earnings growth over the past year (26.6%) is below its 5-year average (55.6% per year).

Earnings vs Industry: 1909 earnings growth over the past year (26.6%) exceeded the Entertainment industry 12.9%.


Return on Equity

High ROE: 1909's Return on Equity (45.4%) is considered outstanding.


Financial Health

How is Fire Rock Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1909's short term assets (HK$752.2M) exceed its short term liabilities (HK$274.1M).

Long Term Liabilities: 1909's short term assets (HK$752.2M) exceed its long term liabilities (HK$628.3M).


Debt to Equity History and Analysis

Debt Level: 1909's net debt to equity ratio (8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1909's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 1909's debt is well covered by operating cash flow (66.4%).

Interest Coverage: 1909 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Fire Rock Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.32%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1909's dividend (2.32%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.93%).

High Dividend: 1909's dividend (2.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.81%).


Stability and Growth of Payments

Stable Dividend: 1909 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1909's dividend payments have increased, but the company has only paid a dividend for 5 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (10.7%), 1909's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Insufficient data to calculate cash payout ratio to determine if its dividend payments are covered by cash flows.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

Fire Rock Holdings has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 1909's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: 1909's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1909 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Fire Rock Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Fire Rock Holdings Limited
  • Ticker: 1909
  • Exchange: SEHK
  • Founded: 2011
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Implied Market Cap: HK$2.150b
  • Shares outstanding: 3.84b
  • Website: https://www.firerock.hk

Number of Employees


Location

  • Fire Rock Holdings Limited
  • Chongwen Garden, Nanshan iPark
  • 9th Floor, Block 1
  • Shenzhen
  • Guangdong Province
  • 518052
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/16 00:00
End of Day Share Price2022/03/31 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.