Fortunet e-Commerce Group Limited, an investment holding company, engages in the digital points business in the People’s Republic of China.
Imperfect balance sheet with weak fundamentals.
Share Price & News
How has Fortunet e-Commerce Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1039 has not had significant price volatility in the past 3 months.
7 Day Return
HK Online Retail
1 Year Return
HK Online Retail
Return vs Industry: 1039 underperformed the Hong Kong Online Retail industry which returned 45.1% over the past year.
Return vs Market: 1039 exceeded the Hong Kong Market which returned -20.1% over the past year.
Price Volatility Vs. Market
How volatile is Fortunet e-Commerce Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StDo Insiders Own Lots Of Shares In Fortunet e-Commerce Group Limited (HKG:1039)?
1 month ago | Simply Wall StIs Fortunet e-Commerce Group (HKG:1039) A Risky Investment?
2 months ago | Simply Wall StIf You Had Bought Fortunet e-Commerce Group (HKG:1039) Stock Three Years Ago, You'd Be Sitting On A 77% Loss, Today
Is Fortunet e-Commerce Group undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate 1039's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate 1039's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 1039 is unprofitable, so we can't compare its PE Ratio to the Online Retail industry average.
PE vs Market: 1039 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 1039's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1039 is overvalued based on its PB Ratio (2.1x) compared to the HK Online Retail industry average (1.5x).
How is Fortunet e-Commerce Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Retail 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 Fortunet e-Commerce 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.
- Take a look at our analysis of 1039’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Fortunet e-Commerce Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Retail industry.
How has Fortunet e-Commerce Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1039 is currently unprofitable.
Growing Profit Margin: 1039 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 1039 is unprofitable, but has reduced losses over the past 5 years at a rate of 39% per year.
Accelerating Growth: Unable to compare 1039's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1039 is unprofitable, making it difficult to compare its past year earnings growth to the Online Retail industry (2.2%).
Return on Equity
High ROE: 1039 has a negative Return on Equity (-105.17%), as it is currently unprofitable.
How is Fortunet e-Commerce Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1039's short term assets (CN¥354.9M) exceed its short term liabilities (CN¥162.9M).
Long Term Liabilities: 1039 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 1039's debt to equity ratio (61.9%) is considered high.
Reducing Debt: 1039's debt to equity ratio has increased from 54.7% to 61.9% over the past 5 years.
Inventory Level: 1039 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1039's debt is covered by short term assets (assets are 2.8x 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: 1039 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 1039 has less than a year of cash runway if free cash flow continues to reduce at historical rates of -47.6% each year
What is Fortunet e-Commerce Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 1039's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1039'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 1039's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1039'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 1039's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Fortunet e-Commerce Group has no CEO, or we have no data on them.
|Chairman of the Board||5yrs||CN¥18.51m||no data|
|Executive Director||5yrs||CN¥880.00k||no data|
|Independent Non-Executive Director||5yrs||CN¥263.00k||no data|
|Independent Non-Executive Director||2.92yrs||CN¥263.00k||no data|
|Independent Non-Executive Director||5yrs||CN¥263.00k||no data|
|Non-Executive Director||5yrs||CN¥263.00k||no data|
Experienced Board: 1039's board of directors are considered experienced (5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Fortunet e-Commerce Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Fortunet e-Commerce Group Limited
- Ticker: 1039
- Exchange: SEHK
- Founded: 2001
- Industry: Internet and Direct Marketing Retail
- Sector: Retail
- Market Cap: HK$823.984m
- Shares outstanding: 1.81b
- Website: https://www.fortunetecomm.com
Number of Employees
- Fortunet e-Commerce Group Limited
- Sun Hung Kai Centre
- Room 1001-1009
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1039||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 2010|
Fortunet e-Commerce Group Limited, an investment holding company, engages in the digital points business in the People’s Republic of China. The company operates an electronic platform to facilitate awards earned by customers of loyalty programs of other companies to be exchanged in the form of virtual assets and credits for consumption of merchandises, games, entertainment, financial services, and other commercial transactions. It sells and purchases merchandise on the Changyou platform, which include physical goods and virtual assets, such as electronic gift cards and coupons. The company provides games and entertainment services, such as self-developed online games under the brand name Quiz King; and external games by connecting with 1768 platform. It also offers travel and related services, including flight reservations, hotel rooms and tourist attraction tickets bookings, duty-free goods, point rewards, and foods. Further, the company provides financial services comprising point’s consumption and cashier output services, as well as QR code payment services with special merchants and UnionPay merchants; points account, points-based consumption, marketing and other loyalty management operation, and system services for finance, urban rail transit, home life, and sports sectors; loan product and credit card recommendation services, and payment in installment services; insurance, funds, wealth management, and smart investment advisory services, as well as points-based investment portfolio; and payment and cashier services. The company was formerly known as Changfeng Axle (China) Company Limited and changed its name to Fortunet e-Commerce Group Limited in June 2015. Fortunet e-Commerce Group Limited was founded in 2001 and is based in Wanchai, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/28 13:20|
|End of Day Share Price||2020/03/27 00:00|
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.