Loading...

Fullsun International Holdings Group

SEHK:627
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
627
SEHK
HK$6B
Market Cap
  1. Home
  2. HK
  3. Real Estate
Company description

Fullsun International Holdings Group Co., Limited, and investment holding company, engages in property development and property investment business. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • Fullsun International Holdings Group has significant price volatility in the past 3 months.
627 Share Price and Events
7 Day Returns
0%
SEHK:627
-2.1%
HK Real Estate
-2.2%
HK Market
1 Year Returns
-57.6%
SEHK:627
-9.9%
HK Real Estate
-15.4%
HK Market
627 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fullsun International Holdings Group (627) 0% -3.8% -15.3% -57.6% - -
HK Real Estate -2.1% -8% -1.3% -9.9% 52.1% 47.3%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 627 underperformed the Real Estate industry which returned -9.9% over the past year.
  • 627 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

627 Value

 Is Fullsun International Holdings Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fullsun International Holdings Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fullsun International Holdings Group.

SEHK:627 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:627
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 0.99
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.985 (1 + (1- 25%) (87.14%))
1.421
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.421 * 6.65%)
11.45%

Discounted Cash Flow Calculation for SEHK:627 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fullsun International Holdings Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:627 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 11.45%)
2019 4,008.39 Est @ 57.39% 3,596.42
2020 5,642.80 Est @ 40.77% 4,542.51
2021 7,287.29 Est @ 29.14% 5,263.43
2022 8,817.71 Est @ 21% 5,714.24
2023 10,166.97 Est @ 15.3% 5,911.47
2024 11,317.07 Est @ 11.31% 5,903.89
2025 12,281.21 Est @ 8.52% 5,748.39
2026 13,087.40 Est @ 6.56% 5,496.16
2027 13,767.43 Est @ 5.2% 5,187.52
2028 14,350.91 Est @ 4.24% 4,851.62
Present value of next 10 years cash flows CN¥52,215.65
SEHK:627 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥14,350.91 × (1 + 2%) ÷ (11.45% – 2%)
CN¥154,871.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥154,871.69 ÷ (1 + 11.45%)10
CN¥52,357.56
SEHK:627 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥52,215.65 + CN¥52,357.56
CN¥104,573.21
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥104,573.21 / 11,351.75
CN¥9.21
SEHK:627 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:627)
1.137
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.21 x 1.137
HK$10.47
Value per share (HKD) From above. HK$10.47
Current discount Discount to share price of HK$0.50
= -1 x (HK$0.50 - HK$10.47) / HK$10.47
95.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fullsun International Holdings Group is available for.
Intrinsic value
>50%
Share price is HK$0.5 vs Future cash flow value of HK$10.47
Current Discount Checks
For Fullsun International Holdings Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fullsun International Holdings Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fullsun International Holdings Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fullsun International Holdings Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fullsun International Holdings Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:627 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.06
SEHK:627 Share Price ** SEHK (2019-05-23) in HKD HK$0.5
SEHK:627 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.44
Hong Kong Real Estate Industry PE Ratio Median Figure of 186 Publicly-Listed Real Estate Companies 6.25x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fullsun International Holdings Group.

SEHK:627 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:627 Share Price ÷ EPS (both in CNY)

= 0.44 ÷ 0.06

7.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fullsun International Holdings Group is overvalued based on earnings compared to the HK Real Estate industry average.
  • Fullsun International Holdings Group is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Fullsun International Holdings Group's expected growth come at a high price?
Raw Data
SEHK:627 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-17.4%per year
Hong Kong Real Estate Industry PEG Ratio Median Figure of 58 Publicly-Listed Real Estate Companies 0.27x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Fullsun International Holdings Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fullsun International Holdings Group's assets?
Raw Data
SEHK:627 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.16
SEHK:627 Share Price * SEHK (2019-05-23) in HKD HK$0.5
SEHK:627 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥0.44
Hong Kong Real Estate Industry PB Ratio Median Figure of 229 Publicly-Listed Real Estate Companies 0.57x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:627 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:627 Share Price ÷ Book Value per Share (both in CNY)

= 0.44 ÷ 0.16

2.83x

* Primary Listing of Fullsun International Holdings Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fullsun International Holdings Group is overvalued based on assets compared to the HK Real Estate industry average.
X
Value checks
We assess Fullsun International Holdings Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Fullsun International Holdings Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

627 Future Performance

 How is Fullsun International Holdings Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Fullsun International Holdings Group, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-17.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fullsun International Holdings Group expected to grow at an attractive rate?
  • Fullsun International Holdings Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Fullsun International Holdings Group's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Fullsun International Holdings Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:627 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:627 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -17.4%
Hong Kong Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
Hong Kong Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 16%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:627 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:627 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,674 2,552 683
2018-09-30 469 2,020 -4,499
2018-06-30 511 1,573 -4,563
2018-03-31 554 1,125 -4,626
2017-03-31 603 456 54
2016-12-31 768 426 67

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fullsun International Holdings Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Fullsun International Holdings Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:627 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fullsun International Holdings Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:627 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.06
2018-09-30 -0.45
2018-06-30 -0.51
2018-03-31 -0.60
2017-03-31 0.01
2016-12-31 1,335.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Fullsun International Holdings Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fullsun International Holdings Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fullsun International Holdings Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

627 Past Performance

  How has Fullsun International Holdings Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fullsun International Holdings Group's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fullsun International Holdings Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Fullsun International Holdings Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Fullsun International Holdings Group has become profitable in the last year making it difficult to compare the HK Real Estate industry average.
Earnings and Revenue History
Fullsun International Holdings Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fullsun International Holdings Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:627 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,674.06 682.76 131.75
2018-09-30 469.22 -4,499.21 74.67
2018-06-30 511.38 -4,562.57 61.90
2018-03-31 553.55 -4,625.93 49.14
2017-03-31 602.61 54.11 38.64
2016-12-31 768.36 66.75 36.63
2015-12-31 942.79 122.73 34.63
2014-12-31 1,137.73 86.83 41.90

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Fullsun International Holdings Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Fullsun International Holdings Group used its assets more efficiently than the HK Real Estate industry average last year based on Return on Assets.
  • Fullsun International Holdings Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fullsun International Holdings Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fullsun International Holdings Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

627 Health

 How is Fullsun International Holdings Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fullsun International Holdings Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fullsun International Holdings Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fullsun International Holdings Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fullsun International Holdings Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fullsun International Holdings Group Company Filings, last reported 4 months ago.

SEHK:627 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,781.39 4,351.54 1,290.22
2018-09-30 1,297.73 3,764.32 879.99
2018-06-30 1,297.73 3,764.32 879.99
2018-03-31 288.57 2,379.80 483.33
2017-03-31 327.71 1,864.54 346.98
2016-12-31 314.70 1,859.89 260.30
2015-12-31 247.94 2,029.70 304.33
2014-12-31 148.30 1,761.69 53.40
  • Fullsun International Holdings Group's level of debt (244.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Fullsun International Holdings Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (58.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fullsun International Holdings Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fullsun International Holdings Group has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

627 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fullsun International Holdings Group dividends.
If you bought HK$2,000 of Fullsun International Holdings Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fullsun International Holdings Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fullsun International Holdings Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:627 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 4.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fullsun International Holdings Group has not reported any payouts.
  • Unable to verify if Fullsun International Holdings Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fullsun International Holdings Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fullsun International Holdings Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Fullsun International Holdings Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fullsun International Holdings Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fullsun International Holdings Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

627 Management

 What is the CEO of Fullsun International Holdings Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wentao Tong
AGE 51
TENURE AS CEO 0.7 years
CEO Bio

Mr. Wentao Tong has been Executive Director & Chief Executive Officer at Fullsun International Holdings Group Co., Limited since September 20, 2018. Mr. Tong has served China Construction Bank (the ‘‘Bank’’), one of the ‘‘big four’’ banks, in the People’s Republic of China for over 20 years. He has held senior management positions and acted as general manager in various departments of Fujian Branch of the Bank, and has served as head of sub-branches of the Bank in Fujian Province and vice general manager of the credit department and the asset management department of the headquarters of the Bank. He had been appointed as senior economic analyst of the Bank in 2002. He has extensive working experience and knowledge in credit management and asset management. He graduated with a bachelor’s degree in political education from Fujian Normal University in Fujian Province in 1989 and obtained a master’s degree in political economics from Fujian Normal University in Fujian Province in 1995.

CEO Compensation
  • Insufficient data for Wentao to compare compensation growth.
  • Insufficient data for Wentao to establish whether their remuneration is reasonable compared to companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Fullsun International Holdings Group management team in years:

1.3
Average Tenure
50
Average Age
  • The average tenure for the Fullsun International Holdings Group management team is less than 2 years, this suggests a new team.
Management Team

Weiming Pan

TITLE
Chairman
COMPENSATION
CN¥357K
AGE
53

Jihong Wu

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
1.4 yrs

Jungang Pan

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
47

Weihong Chen

TITLE
Executive Director
COMPENSATION
CN¥357K
AGE
50

Jinrong Li

TITLE
Executive Director
COMPENSATION
CN¥357K
AGE
43

Kwok Hung Tang

TITLE
Executive Director
COMPENSATION
CN¥185K
AGE
52

Yang Wu

TITLE
Executive Director
COMPENSATION
CN¥367K
AGE
52

Wentao Tong

TITLE
CEO & Executive Director
AGE
51
TENURE
0.7 yrs

Ming Kei Chan

TITLE
Company Secretary
AGE
35
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Fullsun International Holdings Group board of directors in years:

1.4
Average Tenure
50.5
Average Age
  • The average tenure for the Fullsun International Holdings Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Weiming Pan

TITLE
Chairman
COMPENSATION
CN¥357K
AGE
53
TENURE
1.4 yrs

Jihong Wu

TITLE
CFO & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
1.4 yrs

Jungang Pan

TITLE
Executive Director
COMPENSATION
CN¥2M
AGE
47
TENURE
1.4 yrs

Weihong Chen

TITLE
Executive Director
COMPENSATION
CN¥357K
AGE
50
TENURE
1.4 yrs

Jinrong Li

TITLE
Executive Director
COMPENSATION
CN¥357K
AGE
43
TENURE
1.4 yrs

Kwok Hung Tang

TITLE
Executive Director
COMPENSATION
CN¥185K
AGE
52

Yang Wu

TITLE
Executive Director
COMPENSATION
CN¥367K
AGE
52
TENURE
1.4 yrs

Wentao Tong

TITLE
CEO & Executive Director
AGE
51
TENURE
0.7 yrs

Sheldon Tse

TITLE
Independent Non-Executive Director
AGE
53
TENURE
0.8 yrs

Carl Yuen

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥33K
AGE
44
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Fullsun International Holdings Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fullsun International Holdings Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

627 News

Simply Wall St News

Fullsun International Holdings Group Co., Limited (HKG:627) Delivered A Better ROE Than Its Industry

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Fullsun International Holdings Group: 38% = CN¥683m ÷ CN¥1.8b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Fullsun International Holdings Group Have A Good Return On Equity? … Fullsun International Holdings Group's Debt And Its 38% ROE Fullsun International Holdings Group clearly uses a significant amount of debt to boost returns, as it has a debt to equity ratio of 2.44.

Simply Wall St -

Could Fullsun International Holdings Group Co., Limited's (HKG:627) Investor Composition Influence The Stock Price?

A look at the shareholders of Fullsun International Holdings Group Co., Limited (HKG:627) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … With a market capitalization of HK$7.5b, Fullsun International Holdings Group is a decent size, so it is probably on the radar of institutional investors.

Simply Wall St -

Do Institutions Own Fullsun International Holdings Group Co Limited (HKG:627) Shares?

The big shareholder groups in Fullsun International Holdings Group Co Limited (HKG:627) have power over the company. … With a market capitalization of HK$10.2b, Fullsun International Holdings Group is a decent size, so it is probably on the radar of institutional investors. … View our latest analysis for Fullsun International Holdings Group

Simply Wall St -

Why Fullsun International Holdings Group Co Limited's (HKG:627) Ownership Structure Is Important

I am going to take a deep dive into Fullsun International Holdings Group Co Limited’s (HKG:627) most recent ownership structure, not a frequent subject of discussion among individual investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for Fullsun International Holdings Group

Simply Wall St -

What You Must Know About Fullsun International Holdings Group Co Limited's (HKG:627) Financial Strength

The direct benefit for Fullsun International Holdings Group Co Limited (HKG:627), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is 627 growing fast enough to value financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

May Undervalued Stock Opportunities

Companies, such as Fullsun International Holdings Group, trading at a market price below their true values are considered to be undervalued. … Fullsun International Holdings Group Co., Limited (SEHK:627) Fullsun International Holdings Group Co., Limited, through its subsidiary, Hunan Fullsun Group Co., Ltd., engages in the development of residential properties for the mid-end market in Changsha. … Fullsun International Holdings Group was founded in 2000 and with the stock's market cap sitting at HKD HK$62.50K, it comes under the small-cap stocks category.

Simply Wall St -

627 Company Info

Description

Fullsun International Holdings Group Co., Limited, and investment holding company, engages in property development and property investment business. The company develops and sells residential properties for the mid-end market in Changsha. It also focuses on developing residential, and commercial cum residential properties; and property investment in Hong Kong and Mainland China. The company was formerly known as U-RIGHT International Holdings Limited and changed its name to Fullsun International Holdings Group Co., Limited in December 2017. Fullsun International Holdings Group Co., Limited was incorporated in 2000 and is based in Central, Hong Kong. Fullsun International Holdings Group Co., Limited is a subsidiary of Tongda Enterprises Limited.

Details
Name: Fullsun International Holdings Group Co., Limited
627
Exchange: SEHK
Founded: 2000
HK$5,675,874,898
11,351,749,796
Website: http://www.fullsun.com.hk
Address: Fullsun International Holdings Group Co., Limited
World-wide House,
Unit 2408,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 627 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Apr 2018
Number of employees
Current staff
Staff numbers
200
Fullsun International Holdings Group employees.
Industry
Real Estate Development
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 13:06
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2019/04/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.