6865 Stock Overview
Flat Glass Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally.
Flat Glass Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$25.85|
|52 Week High||HK$45.40|
|52 Week Low||HK$23.20|
|1 Month Change||-8.50%|
|3 Month Change||-11.93%|
|1 Year Change||-22.49%|
|3 Year Change||559.44%|
|5 Year Change||1,858.33%|
|Change since IPO||1,232.47%|
Recent News & Updates
|6865||HK Semiconductor||HK Market|
Return vs Industry: 6865 exceeded the Hong Kong Semiconductor industry which returned -24.9% over the past year.
Return vs Market: 6865 matched the Hong Kong Market which returned -21.6% over the past year.
|6865 Average Weekly Movement||6.5%|
|Semiconductor Industry Average Movement||7.1%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.2%|
Stable Share Price: 6865 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 6865's weekly volatility (7%) has been stable over the past year.
About the Company
Flat Glass Group Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of glass products in the People's Republic of China, the rest of Asia, Europe, North America, and internationally. The company offers photovoltaic glass, float glass, architectural glass, and household glass products It is also involved in the mine of a quartzite ores; investment, construction, operation, and maintenance of energy power plants; development of natural gas utilization technology; and sale and installation of natural gas pipelines. In addition, it offers supply chain management services; transports goods; and exports glass products.
Flat Glass Group Fundamentals Summary
|6865 fundamental statistics|
Is 6865 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|6865 income statement (TTM)|
|Cost of Revenue||CN¥7.46b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.80|
|Net Profit Margin||16.91%|
How did 6865 perform over the long term?See historical performance and comparison
Is 6865 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 6865?
Other financial metrics that can be useful for relative valuation.
|What is 6865's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 6865's PE Ratio compare to its peers?
|6865 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
968 Xinyi Solar Holdings
3800 GCL Technology Holdings
981 Semiconductor Manufacturing International
6865 Flat Glass Group
Price-To-Earnings vs Peers: 6865 is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the peer average (14.6x).
Price to Earnings Ratio vs Industry
How does 6865's PE Ratio compare vs other companies in the Asian Semiconductor Industry?
Price-To-Earnings vs Industry: 6865 is expensive based on its Price-To-Earnings Ratio (27.8x) compared to the Hong Kong Semiconductor industry average (10.6x)
Price to Earnings Ratio vs Fair Ratio
What is 6865's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||27.8x|
|Fair PE Ratio||29x|
Price-To-Earnings vs Fair Ratio: 6865 is good value based on its Price-To-Earnings Ratio (27.8x) compared to the estimated Fair Price-To-Earnings Ratio (29x).
Share Price vs Fair Value
What is the Fair Price of 6865 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 6865 (HK$25.85) is trading below our estimate of fair value (HK$127.59)
Significantly Below Fair Value: 6865 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Flat Glass Group forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6865's forecast earnings growth (27.5% per year) is above the savings rate (1.6%).
Earnings vs Market: 6865's earnings (27.5% per year) are forecast to grow faster than the Hong Kong market (16.7% per year).
High Growth Earnings: 6865's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 6865's revenue (26.5% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).
High Growth Revenue: 6865's revenue (26.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6865's Return on Equity is forecast to be low in 3 years time (19.9%).
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How has Flat Glass Group performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6865 has a high level of non-cash earnings.
Growing Profit Margin: 6865's current net profit margins (16.9%) are lower than last year (31.6%).
Past Earnings Growth Analysis
Earnings Trend: 6865's earnings have grown significantly by 40.6% per year over the past 5 years.
Accelerating Growth: 6865's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 6865 had negative earnings growth (-23.7%) over the past year, making it difficult to compare to the Semiconductor industry average (33.9%).
Return on Equity
High ROE: 6865's Return on Equity (14%) is considered low.
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How is Flat Glass Group's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 6865's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥7.6B).
Long Term Liabilities: 6865's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 6865's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: 6865's debt to equity ratio has increased from 13.7% to 55.6% over the past 5 years.
Debt Coverage: 6865's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 6865's interest payments on its debt are well covered by EBIT (31.5x coverage).
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What is Flat Glass Group current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 6865's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 6865'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 6865's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 6865's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 6865 is not paying a notable dividend for the Hong Kong market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 6865 has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Hongliang Ruan (60 yo)
Mr. Hongliang Ruan serves as Non-Executive Director at JiaXing Gas Group Co., Ltd. since June 4, 2021. He founded Flat Glass Group Co., Ltd.and serves as its General Manager and ia its Chairman of the Boa...
CEO Compensation Analysis
Compensation vs Market: Hongliang's total compensation ($USD166.44K) is below average for companies of similar size in the Hong Kong market ($USD997.84K).
Compensation vs Earnings: Hongliang's compensation has been consistent with company performance over the past year.
Experienced Management: 6865's management team is seasoned and experienced (24.2 years average tenure).
Experienced Board: 6865's board of directors are considered experienced (7.6 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.
Flat Glass Group Co., Ltd.'s employee growth, exchange listings and data sources
- Name: Flat Glass Group Co., Ltd.
- Ticker: 6865
- Exchange: SEHK
- Founded: 1998
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Implied Market Cap: HK$89.040b
- Shares outstanding: 2.15b
- Website: https://www.flatgroup.com.cn
Number of Employees
- Flat Glass Group Co., Ltd.
- 1999 Yunhe Road
- Xiuzhou District
- Zhejiang Province
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/13 00:00|
|End of Day Share Price||2022/08/12 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.