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Finsoft Financial Investment Holdings

SEHK:8018
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8018
SEHK
HK$91M
Market Cap
  1. Home
  2. HK
  3. Software
Company description

Finsoft Financial Investment Holdings Limited, an investment holding company, primarily develops and sells financial trading software solutions. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Finsoft Financial Investment Holdings has significant price volatility in the past 3 months.
8018 Share Price and Events
7 Day Returns
-9.3%
SEHK:8018
-5.9%
HK Software
-3.5%
HK Market
1 Year Returns
-62.2%
SEHK:8018
-22.2%
HK Software
-16.8%
HK Market
8018 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Finsoft Financial Investment Holdings (8018) -9.3% -15% -28.4% -62.2% -83.4% -97.4%
HK Software -5.9% -16.1% -1.1% -22.2% 23.3% -17.2%
HK Market -3.5% -9.6% -4.2% -16.8% 24.6% 7.2%
1 Year Return vs Industry and Market
  • 8018 underperformed the Software industry which returned -22.2% over the past year.
  • 8018 underperformed the Market in Hong Kong which returned -16.8% over the past year.
Price Volatility
8018
Industry
5yr Volatility vs Market

8018 Value

 Is Finsoft Financial Investment Holdings 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 Finsoft Financial Investment Holdings 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 Finsoft Financial Investment Holdings.

SEHK:8018 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 9.3%
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:8018
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Software Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 25%) (0%))
1.1
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.1 * 6.65%)
9.32%

Discounted Cash Flow Calculation for SEHK:8018 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Finsoft Financial Investment Holdings 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:8018 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 9.32%)
2019 3.74 Est @ 15.11% 3.42
2020 4.16 Est @ 11.18% 3.48
2021 4.51 Est @ 8.43% 3.45
2022 4.80 Est @ 6.5% 3.36
2023 5.05 Est @ 5.15% 3.23
2024 5.26 Est @ 4.21% 3.08
2025 5.45 Est @ 3.55% 2.92
2026 5.61 Est @ 3.08% 2.75
2027 5.77 Est @ 2.76% 2.59
2028 5.91 Est @ 2.53% 2.43
Present value of next 10 years cash flows HK$30.71
SEHK:8018 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$5.91 × (1 + 2%) ÷ (9.32% – 2%)
HK$82.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$82.48 ÷ (1 + 9.32%)10
HK$33.84
SEHK:8018 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$30.71 + HK$33.84
HK$64.55
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$64.55 / 1,260.58
HK$0.05
SEHK:8018 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$0.05
Current discount Discount to share price of HK$0.07
= -1 x (HK$0.07 - HK$0.05) / HK$0.05
-32.8%

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

  • The current share price of Finsoft Financial Investment Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Finsoft Financial Investment Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Finsoft Financial Investment Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8018 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$-0.01
SEHK:8018 Share Price ** SEHK (2019-05-21) in HKD HK$0.07
Hong Kong Software Industry PE Ratio Median Figure of 15 Publicly-Listed Software Companies 13.22x
Hong Kong Market PE Ratio Median Figure of 1,477 Publicly-Listed Companies 11.08x

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

** Primary Listing of Finsoft Financial Investment Holdings.

SEHK:8018 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8018 Share Price ÷ EPS (both in HKD)

= 0.07 ÷ -0.01

-4.59x

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

  • Finsoft Financial Investment Holdings is loss making, we can't compare its value to the HK Software industry average.
  • Finsoft Financial Investment Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does Finsoft Financial Investment Holdings's expected growth come at a high price?
Raw Data
SEHK:8018 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.59x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Hong Kong Software Industry PEG Ratio Median Figure of 5 Publicly-Listed Software Companies 0.83x
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 Finsoft Financial Investment Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Finsoft Financial Investment Holdings's assets?
Raw Data
SEHK:8018 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.15
SEHK:8018 Share Price * SEHK (2019-05-21) in HKD HK$0.07
Hong Kong Software Industry PB Ratio Median Figure of 29 Publicly-Listed Software Companies 1.4x
Hong Kong Market PB Ratio Median Figure of 2,156 Publicly-Listed Companies 0.97x
SEHK:8018 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8018 Share Price ÷ Book Value per Share (both in HKD)

= 0.07 ÷ 0.15

0.45x

* Primary Listing of Finsoft Financial Investment Holdings.

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

  • Finsoft Financial Investment Holdings is good value based on assets compared to the HK Software industry average.
X
Value checks
We assess Finsoft Financial Investment Holdings'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. Finsoft Financial Investment Holdings has a total score of 1/6, 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.

8018 Future Performance

 How is Finsoft Financial Investment Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Finsoft Financial Investment 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
20.8%
Expected Software industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Finsoft Financial Investment Holdings expected to grow at an attractive rate?
  • Unable to compare Finsoft Financial Investment Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Finsoft Financial Investment Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Finsoft Financial Investment Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8018 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Software Industry Earnings Growth Rate Market Cap Weighted Average 20.8%
Hong Kong Software Industry Revenue Growth Rate Market Cap Weighted Average 20.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average -5.7%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.7%

*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:8018 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8018 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:8018 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 77 -19
2018-12-31 70 -67 -15
2018-09-30 64 -64
2018-06-30 58 -31 -53
2018-03-31 57 -45
2017-12-31 57 42 -55
2017-09-30 61 5
2017-06-30 59 -14 -13
2017-03-31 59 -25
2016-12-31 59 1 -19
2016-09-30 58 -15
2016-06-30 54 -6 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Finsoft Financial Investment Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Finsoft Financial Investment Holdings 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:8018 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Finsoft Financial Investment Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8018 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:8018 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 -0.01
2018-12-31 -0.01
2018-09-30 -0.05
2018-06-30 -0.04
2018-03-31 -0.04
2017-12-31 -0.04
2017-09-30 0.00
2017-06-30 -0.01
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.04

*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 Finsoft Financial Investment Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Finsoft Financial Investment Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Finsoft Financial Investment Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Software companies here
  3. Finsoft Financial Investment Holdings's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Finsoft Financial Investment Holdings'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.
Finsoft Financial Investment Holdings 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.

8018 Past Performance

  How has Finsoft Financial Investment Holdings 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 Finsoft Financial Investment Holdings's growth in the last year to its industry (Software).
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.
  • Finsoft Financial Investment Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Finsoft Financial Investment Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Finsoft Financial Investment Holdings's 1-year growth to the HK Software industry average as it is not currently profitable.
Earnings and Revenue History
Finsoft Financial Investment Holdings'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 Finsoft Financial Investment Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8018 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 77.25 -18.65 38.75
2018-12-31 70.13 -15.20 38.55
2018-09-30 63.72 -63.81 32.43
2018-06-30 58.21 -53.49 31.54
2018-03-31 57.12 -45.05 31.80
2017-12-31 56.89 -54.75 40.21
2017-09-30 60.93 5.34 46.44
2017-06-30 59.13 -12.70 47.41
2017-03-31 58.99 -24.98 47.48
2016-12-31 58.54 -18.79 40.64
2016-09-30 58.41 -14.52 34.91
2016-06-30 54.00 -20.28 36.92
2016-03-31 55.31 -15.39 37.13
2015-12-31 49.92 -16.53 36.08
2015-09-30 49.34 -6.50 33.92
2015-06-30 56.28 8.97 29.84
2015-03-31 50.71 8.72 27.91
2014-12-31 51.33 11.32 26.20
2014-09-30 42.50 7.37 23.56
2014-06-30 35.07 -0.51 21.89
2014-03-31 33.49 0.30 17.89
2013-12-31 33.16 -0.57 14.61
2013-09-30 32.80 1.97 11.04 0.06
2013-03-31 34.05 7.25 9.18 0.49
2012-12-31 33.63 11.22 8.87 0.49

*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.
  • It is difficult to establish if Finsoft Financial Investment Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Finsoft Financial Investment Holdings has efficiently used its assets last year compared to the HK Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Finsoft Financial Investment Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Finsoft Financial Investment Holdings'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 Software 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.
Finsoft Financial Investment Holdings has a total score of 0/6, 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.

8018 Health

 How is Finsoft Financial Investment Holdings'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 Finsoft Financial Investment Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Finsoft Financial Investment Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Finsoft Financial Investment Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Finsoft Financial Investment Holdings'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.
  • Low level of unsold assets.
  • Finsoft Financial Investment Holdings has no debt, it does not need to be covered by short term assets.
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 Finsoft Financial Investment Holdings Company Filings, last reported 1 month ago.

SEHK:8018 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31
2018-12-31 190.70 0.00 102.95
2018-09-30 207.47 0.00 93.95
2018-06-30 207.47 0.00 93.95
2018-03-31 207.77 0.00 155.63
2017-12-31 207.77 0.00 155.63
2017-09-30
2017-06-30 253.92 0.00 67.48
2017-03-31 226.39 31.70 38.40
2016-12-31 226.39 31.70 38.40
2016-09-30
2016-06-30 162.64 19.23 103.54
2016-03-31 45.77 99.96 94.45
2015-12-31 45.77 99.96 94.45
2015-09-30
2015-06-30 59.11 97.71 160.08
2015-03-31 60.27 0.00 56.85
2014-12-31 60.27 0.00 56.85
2014-09-30
2014-06-30 50.25 0.00 51.60
2014-03-31 48.95 0.00 50.05
2013-12-31 48.95 0.00 50.05
2013-09-30
2013-03-31 11.90 0.00 16.97
2012-12-31 12.91 0.00 20.45
  • Finsoft Financial Investment Holdings has no debt.
  • Finsoft Financial Investment Holdings had no debt 5 years ago.
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.

  • Finsoft Financial Investment Holdings has sufficient cash runway for 1.5 years based on current free cash flow.
  • Finsoft Financial Investment Holdings has sufficient cash runway for 1.4 years if free cash flow continues to grow at historical rates of 64.1% each year.
X
Financial health checks
We assess Finsoft Financial Investment Holdings'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. Finsoft Financial Investment Holdings has a total score of 6/6, 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.

8018 Dividends

 What is Finsoft Financial Investment Holdings'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 Finsoft Financial Investment Holdings dividends.
If you bought HK$2,000 of Finsoft Financial Investment Holdings 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 Finsoft Financial Investment Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Finsoft Financial Investment Holdings'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:8018 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 Software Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 0.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.6%
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.

SEHK:8018 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Finsoft Financial Investment Holdings has not reported any payouts.
  • Unable to verify if Finsoft Financial Investment Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Finsoft Financial Investment Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Finsoft Financial Investment Holdings 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 Finsoft Financial Investment Holdings'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 Finsoft Financial Investment Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Finsoft Financial Investment Holdings 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.

8018 Management

 What is the CEO of Finsoft Financial Investment Holdings'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.
  • Finsoft Financial Investment Holdings has no CEO, or we have no data on them.
Management Team

Wai Lung Chan

TITLE
Chairman of the Board
COMPENSATION
HK$560K
AGE
37

Ching Yee Lam

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$598K
AGE
37
TENURE
2.7 yrs

Ting Lin

TITLE
Executive Director
COMPENSATION
HK$598K
AGE
48

Kei Lam Wong

TITLE
Financial Controller & Company Secretary
TENURE
3.3 yrs

Shaowu Shi

TITLE
Executive Director
AGE
47

Cheuk Wai Wong

TITLE
Business Development Director of iAsia
AGE
40
Board of Directors Tenure

Average tenure and age of the Finsoft Financial Investment Holdings board of directors in years:

2.4
Average Tenure
42
Average Age
  • The average tenure for the Finsoft Financial Investment Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Wai Lung Chan

TITLE
Chairman of the Board
COMPENSATION
HK$560K
AGE
37
TENURE
1.9 yrs

Ching Yee Lam

TITLE
Compliance Officer & Executive Director
COMPENSATION
HK$598K
AGE
37
TENURE
2.9 yrs

Ting Lin

TITLE
Executive Director
COMPENSATION
HK$598K
AGE
48
TENURE
2.9 yrs

Shaowu Shi

TITLE
Executive Director
AGE
47
TENURE
1 yrs

Kai Yeung Lam

TITLE
Independent Non-Executive Director
COMPENSATION
HK$72K
AGE
49
TENURE
3.9 yrs

May Jean Lee

TITLE
Independent Non-Executive Director
COMPENSATION
HK$72K
AGE
57
TENURE
5.7 yrs

Shi Zhong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$41K
AGE
34
TENURE
1.9 yrs

Yu Man Lo

TITLE
Non-Executive Director
AGE
35
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Finsoft Financial Investment Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
24. Apr 19 Buy Xiongfeng Zhang Individual 24. Apr 19 24. Apr 19 3,020,000 HK$0.07 HK$222,877
30. Jan 19 Buy Kwok Pong Leung Individual 30. Jan 19 30. Jan 19 4,400,000 HK$0.09 HK$413,615
25. Jan 19 Buy Hui Hui Zhu Liang Individual 25. Jan 19 25. Jan 19 125,000,000 HK$0.12 HK$14,874,935
29. Jan 19 Buy Kwok Pong Leung Individual 29. Jan 19 29. Jan 19 5,000,000 HK$0.09 HK$460,017
25. Jan 19 Sell Xiongfeng Zhang Individual 25. Jan 19 25. Jan 19 -24,750,000 HK$0.09 HK$-2,296,889
23. Jan 19 Buy Xiongfeng Zhang Individual 23. Jan 19 23. Jan 19 5,170,000 HK$0.05 HK$253,340
23. Jan 19 Buy Xiongfeng Zhang Individual 21. Jan 19 21. Jan 19 1,310,000 HK$0.05 HK$60,386
23. Jan 19 Buy Xiongfeng Zhang Individual 22. Jan 19 22. Jan 19 6,900,000 HK$0.05 HK$317,392
22. Jan 19 Buy Kwok Pong Leung Individual 22. Jan 19 22. Jan 19 3,000,000 HK$0.05 HK$147,011
15. Jan 19 Sell GET Holdings Limited Company 11. Jan 19 11. Jan 19 -12,070,000 HK$0.05 HK$-602,285
11. Jan 19 Buy Kwok Pong Leung Individual 11. Jan 19 11. Jan 19 11,040,000 HK$0.05 HK$552,014
11. Jan 19 Sell GET Holdings Limited Company 09. Jan 19 09. Jan 19 -10,000,000 HK$0.05 HK$-476,036
10. Jan 19 Buy Kwok Pong Leung Individual 10. Jan 19 10. Jan 19 2,730,000 HK$0.05 HK$136,502
17. Dec 18 Sell GET Holdings Limited Company 13. Dec 18 13. Dec 18 -3,000,000 HK$0.05 HK$-156,001
07. Dec 18 Sell GET Holdings Limited Company 06. Dec 18 06. Dec 18 -5,230,000 HK$0.06 HK$-304,394
30. Nov 18 Sell GET Holdings Limited Company 28. Nov 18 28. Nov 18 -16,000,000 HK$0.07 HK$-1,054,371
30. Nov 18 Sell GET Holdings Limited Company 29. Nov 18 29. Nov 18 -9,380,000 HK$0.06 HK$-600,285
29. Nov 18 Sell GET Holdings Limited Company 27. Nov 18 27. Nov 18 -920,000 HK$0.07 HK$-66,883
21. Nov 18 Buy Kwok Pong Leung Individual 21. Nov 18 21. Nov 18 1,660,000 HK$0.08 HK$134,459
20. Nov 18 Buy Kwok Pong Leung Individual 20. Nov 18 20. Nov 18 2,010,000 HK$0.08 HK$162,810
16. Nov 18 Buy Kwok Pong Leung Individual 15. Nov 18 15. Nov 18 2,490,000 HK$0.10 HK$236,558
14. Nov 18 Sell Kwok Pong Leung Individual 13. Nov 18 13. Nov 18 -11,670,000 HK$0.10 HK$-1,190,364
13. Nov 18 Sell GET Holdings Limited Company 09. Nov 18 09. Nov 18 -4,920,000 HK$0.10 HK$-510,707
09. Nov 18 Sell GET Holdings Limited Company 07. Nov 18 07. Nov 18 -10,970,000 HK$0.11 HK$-1,177,120
09. Nov 18 Sell Kwok Pong Leung Individual 09. Nov 18 09. Nov 18 -10,000,000 HK$0.11 HK$-1,069,976
06. Nov 18 Sell GET Holdings Limited Company 02. Nov 18 02. Nov 18 -6,500,000 HK$0.13 HK$-822,275
02. Nov 18 Buy Kwok Pong Leung Individual 01. Nov 18 01. Nov 18 3,390,000 HK$0.14 HK$481,388
22. Oct 18 Buy Kwok Pong Leung Individual 18. Oct 18 18. Oct 18 750,000 HK$0.12 HK$90,750
15. Oct 18 Buy Kwok Pong Leung Individual 15. Oct 18 15. Oct 18 600,000 HK$0.13 HK$77,998
12. Oct 18 Buy Kwok Pong Leung Individual 11. Oct 18 11. Oct 18 400,000 HK$0.13 HK$50,799
09. Oct 18 Sell Kwok Pong Leung Individual 09. Oct 18 09. Oct 18 -10,000,000 HK$0.14 HK$-1,449,981
05. Oct 18 Buy Kwok Pong Leung Individual 04. Oct 18 04. Oct 18 240,000 HK$0.14 HK$34,320
04. Oct 18 Buy Kwok Pong Leung Individual 03. Oct 18 03. Oct 18 1,300,000 HK$0.14 HK$188,497
28. Sep 18 Buy Kwok Pong Leung Individual 27. Sep 18 27. Sep 18 3,000,000 HK$0.15 HK$440,996
26. Sep 18 Buy Kwok Pong Leung Individual 24. Sep 18 24. Sep 18 4,100,000 HK$0.15 HK$615,009
17. Sep 18 Buy Kwok Pong Leung Individual 14. Sep 18 14. Sep 18 28,660,000 HK$0.18 HK$5,015,578
11. Sep 18 Buy Kwok Pong Leung Individual 11. Sep 18 11. Sep 18 1,320,000 HK$0.15 HK$200,639
07. Sep 18 Buy Kwok Pong Leung Individual 07. Sep 18 07. Sep 18 1,540,000 HK$0.16 HK$241,775
29. Aug 18 Buy Kwok Pong Leung Individual 29. Aug 18 29. Aug 18 11,130,000 HK$0.17 HK$1,936,592
07. Aug 18 Sell Kwok Pong Leung Individual 07. Aug 18 07. Aug 18 -45,700,000 HK$0.18 HK$-8,134,477
01. Aug 18 Sell Kwok Pong Leung Individual 01. Aug 18 01. Aug 18 -17,870,000 HK$0.18 HK$-3,216,657
19. Jul 18 Buy Kwok Pong Leung Individual 19. Jul 18 19. Jul 18 5,650,000 HK$0.19 HK$1,056,554
24. Jul 18 Buy Kwok Pong Leung Individual 24. Jul 18 24. Jul 18 11,810,000 HK$0.20 HK$2,312,124
29. May 18 Buy Kwok Pong Leung Individual 29. May 18 29. May 18 14,310,000 HK$0.20 HK$2,790,484
24. May 18 Buy Kwok Pong Leung Individual 24. May 18 24. May 18 5,560,000 HK$0.20 HK$1,089,749
X
Management checks
We assess Finsoft Financial Investment Holdings'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. Finsoft Financial Investment Holdings 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.

8018 News

Simply Wall St News

Introducing Finsoft Financial Investment Holdings (HKG:8018), The Stock That Collapsed 98%

Anyone who held Finsoft Financial Investment Holdings Limited (HKG:8018) for five years would be nursing their metaphorical wounds since the share price dropped 98% in that time. … Given that Finsoft Financial Investment Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last half decade, Finsoft Financial Investment Holdings saw its revenue increase by 11% per year.

Simply Wall St -

Read This Before Selling Finsoft Financial Investment Holdings Limited (HKG:8018) Shares

So we'll take a look at whether insiders have been buying or selling shares in Finsoft Financial Investment Holdings Limited (HKG:8018). … The Last 12 Months Of Insider Transactions At Finsoft Financial Investment Holdings. … Overall, Finsoft Financial Investment Holdings insiders were net buyers last year

Simply Wall St -

Do Directors Own Finsoft Financial Investment Holdings Limited (HKG:8018) Shares?

A look at the shareholders of Finsoft Financial Investment Holdings Limited (HKG:8018) can tell us which group is most powerful. … With a market capitalization of HK$62m, Finsoft Financial Investment Holdings is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Finsoft Financial Investment Holdings

Simply Wall St -

Should You Take Comfort From Insider Transactions At Finsoft Financial Investment Holdings Limited (HKG:8018)?

So before you buy or sell Finsoft Financial Investment Holdings Limited (HKG:8018), you may well want to know whether insiders have been buying or selling. … Finsoft Financial Investment Holdings Insider Transactions Over The Last Year. … Kwok Pong Leung made the biggest insider sale in the last 12 months.

Simply Wall St -

How Financially Strong Is Finsoft Financial Investment Holdings Limited (HKG:8018)?

Finsoft Financial Investment Holdings Limited (HKG:8018), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is 8018 growing fast enough to value financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Breaking Down Finsoft Financial Investment Holdings Limited's (HKG:8018) Ownership Structure

In this article, I'm going to take a look at Finsoft Financial Investment Holdings Limited’s (HKG:8018) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Check out our latest analysis for Finsoft Financial Investment Holdings

Simply Wall St -

Does Finsoft Financial Investment Holdings Limited (HKG:8018) Go Up With The Market?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Check out our latest analysis for Finsoft Financial Investment Holdings What is 8018’s market risk? … Finsoft Financial Investment Holdings’s five-year beta of 2.06 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns.

Simply Wall St -

Who Are The Largest Shareholders In Finsoft Financial Investment Holdings Limited (HKG:8018)?

I am going to take a deep dive into Finsoft Financial Investment Holdings Limited’s (SEHK:8018) most recent ownership structure, not a frequent subject of discussion among individual investors. … View our latest analysis for Finsoft Financial Investment Holdings SEHK:8018 Ownership_summary Apr 5th 18 Insider Ownership Another important group of shareholders are company insiders. … However, if you are building an investment case for 8018, ownership structure alone should not dictate your decision to buy or sell the stock.

Simply Wall St -

What is Behind Finsoft Financial Investment Holdings Limited's (HKG:8018) Superior ROE?

See our latest analysis for Finsoft Financial Investment Holdings What you must know about ROE Return on Equity (ROE) weighs Finsoft Financial Investment Holdings’s profit against the level of its shareholders’ equity. … For now, let’s just look at the cost of equity number for Finsoft Financial Investment Holdings, which is 9.74%. … Finsoft Financial Investment Holdings’s above-industry ROE is noteworthy, but it was not high enough to cover its own cost of equity.

Simply Wall St -

Is It Time To Buy Finsoft Financial Investment Holdings Limited (HKG:8018) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for 8018 Price per share = HK$0.16 Earnings per share = HK$0.007 ∴ Price-Earnings Ratio = HK$0.16 ÷ HK$0.007 = 24.3x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … For example, if you inadvertently compared lower risk firms with 8018, then investors would naturally value 8018 at a lower price since it is a riskier investment. … Similarly, if you accidentally compared higher growth firms with 8018, investors would also value 8018 at a lower price since it is a lower growth investment.

Simply Wall St -

8018 Company Info

Description

Finsoft Financial Investment Holdings Limited, an investment holding company, primarily develops and sells financial trading software solutions. The company operates through Financial Trading Software Solutions, Other IT and Internet Financial Platforms Services, Money Lending, Assets Investments, Referral, and Corporate Finance segments. The Financial Trading Software Solutions segment offers trading and settlement systems of financial products for financial institutions. The Other IT and Internet Financial Platforms Services provides e-commerce platforms, other online consultancy services, and other financial information. The Money Lending segment offers loan financing. The Assets Investments segment trades and invests in listed securities, and invests in properties for rental income. The Referral segment provides referral services to source, identify, and refer deal opportunities to interested parties. The Corporate Finance segment offers corporate finance advisory services. Finsoft Financial Investment Holdings Limited serves financial institutions that conduct brokerage business of financial products traded in Hong Kong. The company was formerly known as Finsoft Corporation and changed its name to Finsoft Financial Investment Holdings Limited in June 2015. Finsoft Financial Investment Holdings Limited was incorporated in 2012 and is headquartered in North Point, Hong Kong.

Details
Name: Finsoft Financial Investment Holdings Limited
8018
Exchange: SEHK
Founded: 2012
HK$90,761,928
1,260,582,340
Website: http://www.finsofthk.com
Address: Finsoft Financial Investment Holdings Limited
Prosperity Millennia Plaza,
12th Floor,
North Point,
Kowloon, Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8018 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 26. Sep 2013
Number of employees
Current staff
Staff numbers
62
Finsoft Financial Investment Holdings employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 12:59
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2018/03/26
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.