SEHK:2310

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Forebase International Holdings

Executive Summary

Forebase International Holdings Limited, an investment holding company, engages in the hotel operation activities in Canada.

Risk Analysis

Does not have a meaningful market cap (HK$117M)



Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

How has Forebase International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2310 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

10.8%

2310

-5.3%

HK Real Estate

-0.8%

HK Market


1 Year Return

-42.0%

2310

-12.6%

HK Real Estate

-0.8%

HK Market

Return vs Industry: 2310 underperformed the Hong Kong Real Estate industry which returned -12.6% over the past year.

Return vs Market: 2310 underperformed the Hong Kong Market which returned -0.8% over the past year.


Shareholder returns

2310IndustryMarket
7 Day10.8%-5.3%-0.8%
30 Day3.0%4.9%9.0%
90 Day0.6%4.1%11.8%
1 Year-36.7%-42.0%-7.9%-12.6%3.2%-0.8%
3 Year-55.8%-59.5%16.6%2.6%7.4%-4.2%
5 Year-87.1%-88.2%36.4%11.9%9.6%-8.7%

Price Volatility Vs. Market

How volatile is Forebase International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Forebase International Holdings undervalued compared to its fair value and its price relative to the market?

2.07x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2310's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2310's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2310 is unprofitable, so we can't compare its PE Ratio to the HK Real Estate industry average.

PE vs Market: 2310 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 2310's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2310 is overvalued based on its PB Ratio (2.1x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

12.2%

Forecasted Real Estate 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 Forebase International 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 Forebase International Holdings performed over the past 5 years?

32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2310 is currently unprofitable.

Growing Profit Margin: 2310 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2310 is unprofitable, but has reduced losses over the past 5 years at a rate of 32.5% per year.

Accelerating Growth: Unable to compare 2310's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2310 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (3.9%).


Return on Equity

High ROE: 2310 has a negative Return on Equity (-49.81%), as it is currently unprofitable.


Next Steps

Financial Health

How is Forebase International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2310's short term assets (HK$36.0M) do not cover its short term liabilities (HK$100.1M).

Long Term Liabilities: 2310's short term assets (HK$36.0M) do not cover its long term liabilities (HK$57.2M).


Debt to Equity History and Analysis

Debt Level: 2310's debt to equity ratio (177.4%) is considered high.

Reducing Debt: 2310's debt to equity ratio has reduced from 864.6% to 177.4% over the past 5 years.


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: 2310 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 2310 has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 43% each year.


Next Steps

Dividend

What is Forebase International Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2310's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2310'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 2310's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2310's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2310 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 2310'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?

0.8yrs

Average management tenure


CEO

Forebase International Holdings has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
So Mui Yeung
Executive Co-Chairman0.75yrHK$57.00k34.74% HK$40.5m
Yun Chor Choi
Executive Co-Chairman0.75yrHK$140.00k34.74% HK$40.5m
Kwai Wah Ng
Executive Director0.75yrHK$140.00kno data
Jian Chen
Executive Director0.75yrHK$57.00kno data
Kwok Keung Tai
Executive Director0.75yrHK$57.00kno data
Junwei Lin
Executive Director0.75yrHK$140.00kno data
Tak Chee Leung
CFO & Company Secretary5.75yrsno datano data
Chang Hyun Choi
Head of Purchasing & Material Management Group and General Managerno datano datano data
Don Gi Lee
Head of Automotive Electronics Sales Group and General Managerno datano datano data

0.8yrs

Average Tenure

46yo

Average Age

Experienced Management: 2310's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
So Mui Yeung
Executive Co-Chairman0.75yrHK$57.00k34.74% HK$40.5m
Yun Chor Choi
Executive Co-Chairman0.75yrHK$140.00k34.74% HK$40.5m
Kwai Wah Ng
Executive Director0.75yrHK$140.00kno data
Jian Chen
Executive Director0.75yrHK$57.00kno data
Kwok Keung Tai
Executive Director0.75yrHK$57.00kno data
Junwei Lin
Executive Director0.75yrHK$140.00kno data
Yu Loke
Independent Non-Executive Director4.25yrsHK$240.00kno data
Wong Kacee Ting
Independent Non-Executive Director0.75yrHK$41.00kno data
Cheuk Yu Lai
Independent Non-Executive Director0.75yrHK$41.00kno data

0.8yrs

Average Tenure

44yo

Average Age

Experienced Board: 2310's board of directors are not considered experienced ( 0.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Forebase International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Forebase International Holdings Limited
  • Ticker: 2310
  • Exchange: SEHK
  • Founded: 1991
  • Industry: Real Estate Operating Companies
  • Sector: Real Estate
  • Market Cap: HK$116.574m
  • Shares outstanding: 728.58m
  • Website: https://www.forebase.com.hk

Number of Employees


Location

  • Forebase International Holdings Limited
  • Lee Garden One
  • Room 3805
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2310SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJul 2003

Biography

Forebase International Holdings Limited, an investment holding company, engages in the hotel operation activities in Canada. It also provides property management services in the People’s Republic of China; and offers business management services. The company was formerly known as Kwang Sung Electronics H.K. Co. Limited and changed its name to Forebase International Holdings Limited in March 2013. Forebase International Holdings Limited was founded in 1991 and is based in Causeway Bay, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 12:47
End of Day Share Price2020/07/14 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.