First Service Holding Past Earnings Performance

Past criteria checks 1/6

First Service Holding's earnings have been declining at an average annual rate of -17.7%, while the Real Estate industry saw earnings declining at 1% annually. Revenues have been growing at an average rate of 6.6% per year. First Service Holding's return on equity is 10.1%, and it has net margins of 4.5%.

Key information

-17.7%

Earnings growth rate

-24.8%

EPS growth rate

Real Estate Industry Growth	2.8%
Revenue growth rate	6.6%
Return on equity	10.1%
Net Margin	4.5%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Concerns Surrounding First Service Holding's (HKG:2107) Performance

Sep 28

Recent updates

Investors Aren't Buying First Service Holding Limited's (HKG:2107) Earnings

Jul 23

First Service Holding Limited's (HKG:2107) Shares Bounce 29% But Its Business Still Trails The Market

Apr 08

First Service Holding (HKG:2107) Has Announced That It Will Be Increasing Its Dividend To HK$0.068

Apr 28

First Service Holding's (HKG:2107) Dividend Will Be Increased To HK$0.068

Apr 06

Is Now The Time To Put First Service Holding (HKG:2107) On Your Watchlist?

Dec 11

Calculating The Fair Value Of First Service Holding Limited (HKG:2107)

Mar 23

What Kind Of Investors Own Most Of First Service Holding Limited (HKG:2107)?

Jan 22

Revenue & Expenses Breakdown

How First Service Holding makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SEHK:2107 Revenue, expenses and earnings (CNY Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	1,269	57	247
31 Mar 24	1,240	57	242
31 Dec 23	1,211	57	237
30 Sep 23	1,190	57	233
30 Jun 23	1,169	58	230
31 Mar 23	1,146	49	228
31 Dec 22	1,122	41	225
30 Sep 22	1,143	16	285
30 Jun 22	1,164	-9	344
31 Mar 22	1,142	13	331
31 Dec 21	1,120	35	318
30 Sep 21	1,037	80	243
30 Jun 21	953	125	167
31 Mar 21	864	109	156
31 Dec 20	775	93	145
31 Dec 19	625	77	143
31 Dec 18	496	51	110
31 Dec 17	379	40	83

Quality Earnings: 2107 has high quality earnings.

Growing Profit Margin: 2107's current net profit margins (4.5%) are lower than last year (4.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2107's earnings have declined by 17.7% per year over the past 5 years.

Accelerating Growth: 2107's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2107 had negative earnings growth (-0.3%) over the past year, making it difficult to compare to the Real Estate industry average (-15.1%).

First Service Holding Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.038 in 1H 2023)

First Service Holding Limited to Report First Half, 2024 Results on Aug 28, 2024

Full year 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.042 in FY 2022)

First Service Holding Limited to Report Fiscal Year 2023 Results on Mar 26, 2024

Concerns Surrounding First Service Holding's (HKG:2107) Performance

First half 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.021 in 1H 2022)

Recent updates

First Service Holding Limited Announces Board and Committee Changes

First half 2024 earnings released: EPS: CN¥0.036 (vs CN¥0.038 in 1H 2023)

First Service Holding Limited to Report First Half, 2024 Results on Aug 28, 2024

CEO, GM & Executive Director recently bought HK$180k worth of stock

Investors Aren't Buying First Service Holding Limited's (HKG:2107) Earnings

Upcoming dividend of HK$0.033 per share

New minor risk - Shareholder dilution

First Service Holding Limited's (HKG:2107) Shares Bounce 29% But Its Business Still Trails The Market

First Service Holding Limited, Annual General Meeting, Jun 20, 2024

Full year 2023 earnings released: EPS: CN¥0.059 (vs CN¥0.042 in FY 2022)

First Service Holding Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 18 July 2024

First Service Holding Limited to Report Fiscal Year 2023 Results on Mar 26, 2024

Estimating The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 25% undervalued after recent price drop

Now 22% undervalued after recent price drop

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces the Resignation of Jia Yan as Co-Chief Executive Officer

First Service Holding Limited Announces Board Changes

Concerns Surrounding First Service Holding's (HKG:2107) Performance

Co-CEO, GM & Executive Director recently sold HK$116k worth of stock

First half 2023 earnings released: EPS: CN¥0.038 (vs CN¥0.021 in 1H 2022)

First Service Holding Limited to Report First Half, 2023 Results on Aug 30, 2023

Upcoming dividend of HK$0.03 per share at 5.1% yield

First Service Holding Limited Announces Executive Changes

Full year 2022 earnings released: EPS: CN¥0.042 (vs CN¥0.036 in FY 2021)

Now 27% undervalued after recent price drop

Now 22% undervalued after recent price drop

A Look At The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

Less than half of directors are independent

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 22% undervalued after recent price drop

First half 2022 earnings released: EPS: CN¥0.021 (vs CN¥0.065 in 1H 2021)

First Service Holding Limited to Report First Half, 2022 Results on Aug 23, 2022

Now 20% undervalued after recent price drop

Upcoming dividend of HK$0.068 per share

Estimating The Intrinsic Value Of First Service Holding Limited (HKG:2107)

Now 20% undervalued after recent price drop

First Service Holding (HKG:2107) Has Announced That It Will Be Increasing Its Dividend To HK$0.068

Less than half of directors are independent

First Service Holding's (HKG:2107) Dividend Will Be Increased To HK$0.068

Full year 2021 earnings released: EPS: CN¥0.036 (vs CN¥0.12 in FY 2020)

Less than half of directors are independent

First Service Holding Limited, Annual General Meeting, Jun 21, 2022

First Service Holding Limited Announces Management Changes

First Service Holding Limited Provides Earnings Guidance for the Fiscal Year Ended December 31, 2021

Sunac Services Holdings Limited (SEHK:1516) cancelled the acquisition of 21.39% stake in First Service Holding Limited (SEHK:2107) from Zhang Lei and Zhang Peng.

Sunac Services Holdings Limited (SEHK:1516) cancelled the acquisition of 2.18% stake in First Service Holding Limited (SEHK:2107) from Liu Peiqing and Long Han.

Investor sentiment improved over the past week

Is Now The Time To Put First Service Holding (HKG:2107) On Your Watchlist?

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Co-CEO, GM & Executive Director recently bought HK$66k worth of stock

Co-CEO, GM & Executive Director recently bought HK$352k worth of stock

Investor sentiment improved over the past week

Chairman of the Board recently bought HK$91k worth of stock

Chairman of the Board recently bought HK$140k worth of stock

Chairman of the Board recently bought HK$113k worth of stock

Full year 2020 earnings released: EPS CN¥0.12 (vs CN¥0.10 in FY 2019)

Chairman of the Board recently bought HK$65k worth of stock

Chairman of the Board recently bought HK$117k worth of stock

Calculating The Fair Value Of First Service Holding Limited (HKG:2107)

Full year 2020 earnings released: EPS CN¥0.12

First Service Holding Limited to Report Fiscal Year 2020 Results on Mar 22, 2021