SEHK:627

Stock Analysis Report

Fullsun International Holdings Group

Executive Summary

Fullsun International Holdings Group Co., Limited, and investment holding company, engages in property development and property investment business.


Snowflake Analysis

Good value with mediocre balance sheet.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 627's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.0%

627

-3.1%

HK Real Estate

-3.3%

HK Market


1 Year Return

-80.2%

627

-7.5%

HK Real Estate

-9.6%

HK Market

Return vs Industry: 627 underperformed the Hong Kong Real Estate industry which returned -8.5% over the past year.

Return vs Market: 627 underperformed the Hong Kong Market which returned -9.8% over the past year.


Shareholder returns

627IndustryMarket
7 Day-4.0%-3.1%-3.3%
30 Day-13.1%-2.2%-3.8%
90 Day17.8%-0.7%-0.2%
1 Year-80.2%-80.2%-3.3%-7.5%-6.3%-9.6%
3 Yearn/a36.9%22.2%11.2%-0.05%
5 Yearn/a60.9%33.9%12.7%-6.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Fullsun International Holdings Group 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: 627 (HK$0.12) is trading below our estimate of fair value (HK$7.67)

Significantly Below Fair Value: 627 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 627 is good value based on its PE Ratio (1.7x) compared to the Real Estate industry average (6.5x).

PE vs Market: 627 is good value based on its PE Ratio (1.7x) compared to the Hong Kong market (9.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 627's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 627 is overvalued based on its PB Ratio (0.7x) compared to the HK Real Estate industry average (0.5x).


Next Steps

Future Growth

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

7.3%

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

196.0%

Last years revenue growth


Earnings and Revenue History

Quality Earnings: 627 has a large one-off gain of CN¥586.7M impacting its December 31 2018 financial results.

Growing Profit Margin: 627 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 627 has become profitable over the past 5 years, growing earnings by 0% per year.

Accelerating Growth: 627 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 627 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (-8%).


Return on Equity

High ROE: Whilst 627's Return on Equity (37.61%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fullsun International Holdings Group's financial position?


Financial Position Analysis

Short Term Liabilities: 627's short term assets (CN¥9.5B) exceed its short term liabilities (CN¥6.2B).

Long Term Liabilities: 627's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥3.7B).


Debt to Equity History and Analysis

Debt Level: 627's debt to equity ratio (244.3%) is considered high.

Reducing Debt: Insufficient data to determine if 627's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 627 has a high level of physical assets or inventory.

Debt Coverage by Assets: 627's debt is covered by short term assets (assets are 2.2x debt).


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: 627 is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: Insufficient data to determine if 627 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.3%markettop25%6.4%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 627's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 627's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 627's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 627'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 627'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?

1.8yrs

Average management tenure


CEO

Wentao Tong (52yo)

1.4yrs

Tenure

CN¥385,020

Compensation

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’ ...


CEO Compensation Analysis

Compensation vs Market: Wentao's total compensation ($USD54.89K) is below average for companies of similar size in the Hong Kong market ($USD280.68K).

Compensation vs Earnings: Insufficient data to compare Wentao's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Haoran Pan
Acting Chairman of the Board0.4yrsCN¥225.04kno data
Wentao Tong
CEO & Executive Director1.4yrsCN¥385.02kno data
Jihong Wu
CFO & Executive Director2.2yrsCN¥383.90kno data
Jungang Pan
Executive Director2.2yrsCN¥1.26mno data
Jinrong Li
Executive Director2.2yrsCN¥383.90kno data
Kwok Hung Tang
Executive Director0yrsCN¥395.90kno data
Yang Wu
Executive Director2.2yrsCN¥366.90kno data
Ming Kei Chan
Company Secretary2.1yrsno datano data

1.8yrs

Average Tenure

48.5yo

Average Age

Experienced Management: 627's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Haoran Pan
Acting Chairman of the Board0.4yrsCN¥225.04kno data
Wentao Tong
CEO & Executive Director1.4yrsCN¥385.02kno data
Jihong Wu
CFO & Executive Director2.2yrsCN¥383.90kno data
Jungang Pan
Executive Director2.2yrsCN¥1.26mno data
Jinrong Li
Executive Director2.2yrsCN¥383.90kno data
Kwok Hung Tang
Executive Director0yrsCN¥395.90kno data
Yang Wu
Executive Director2.2yrsCN¥366.90kno data
Chee Lap Yuen
Independent Non-Executive Director2.2yrsCN¥79.00kno data
Xiaoping Yang
Independent Non-Executive Director2.2yrsCN¥79.00kno data
Hiu Tung Tse
Independent Non-Executive Director1.5yrsCN¥40.00kno data

2.2yrs

Average Tenure

50.5yo

Average Age

Experienced Board: 627's board of directors are not considered experienced ( 2.2 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 been diluted in the past year, with total shares outstanding growing by 49.9%.


Top Shareholders

Company Information

Fullsun International Holdings Group Co., Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fullsun International Holdings Group Co., Limited
  • Ticker: 627
  • Exchange: SEHK
  • Founded: 2000
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: HK$1.340b
  • Shares outstanding: 11.35b
  • Website: https://www.fullsun.com.hk

Number of Employees


Location

  • Fullsun International Holdings Group Co., Limited
  • Room 2407, World-wide House
  • 24th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
627SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDApr 2018

Biography

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 headquartered in Central, Hong Kong. Fullsun International Holdings Group Co., Limited is a subsidiary of Tongda Enterprises Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 13:21
End of Day Share Price2020/02/26 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.