China Fortune Holdings Limited, an investment holding company, engages in the distribution and trading of mobile phones and related accessories in the People’s Republic of China.
The last earnings update was 28 days ago.
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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
China Fortune Holdings. This is due to cash flow or dividend data being
unavailable. The share price is
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
China Fortune Holdings's
is considered below, and whether this is a fair price.
Price based on past earnings
China Fortune Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 China Fortune 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
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
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
China Fortune Holdings
expected to grow at an
Unable to compare China Fortune Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare China Fortune Holdings's earnings growth to the Hong Kong market average as no estimate data is available.
Unable to compare China Fortune Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Unable to determine if China Fortune Holdings is high growth as no earnings estimate data is available.
Unable to determine if China Fortune 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.
China Fortune Holdings's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
China Fortune Holdings
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.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
China Fortune Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
China Fortune Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
China Fortune Holdings's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
China Fortune 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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 6.1x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
Mr. Lau Siu Ying, also known as Steve, founded China Fortune Holdings Limited (formerly, Fortune Telecom Holdings Ltd.) in 1992 and has been its Chairman and Chief Executive Officer since 1992. Mr. Lau has extensive working experience in the telecommunications industry for over 15 years and has established solid business contacts in both Hong Kong and the PRC. Mr. Lau has also excellent business contacts with international leading suppliers of mobile telephony technology and products. He serves as Executive General Partner at HBCC Technology Investment. Prior to setting up his own business, Mr. Lau worked for Hutchison Whampoa Group, in charge of the business development of the telecommunications in the PRC. Mr. Lau serves as an Executive Director of China Fortune Holdings Limited. Mr. Lau was appointed the director of China Mobile Communications Association (CMCA) in Beijing in mid 2000. He holds a bachelor degree in Business Administration from the Chinese University of Hong Kong and Master of Information Technology from National University of Ireland.
Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
Steve's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure
Average tenure and age of the
China Fortune Holdings
management team in years:
The average tenure for the China Fortune Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
VP & Executive Director
Chi Kai So
Group Financial Controller & Company Secretary
Chief Technology Officer
Huai Bin Kuang
General Manager of Zhuhai Reminda Telecom Equipment Company Limited
Board of Directors Tenure
Average tenure and age of the
China Fortune Holdings
board of directors in years:
The tenure for the China Fortune Holdings board of directors is about average.
Does China Fortune Holdings Limited (HKG:110) Fall With The Market?
The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not every stock is exposed to the same level of market risk. … A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one.
Should China Fortune Holdings Limited's (HKG:110) Recent Earnings Decline Worry You?
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Below, I will examine China Fortune Holdings Limited's (HKG:110) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … View out our latest analysis for China Fortune Holdings?
Next Capital Raising For China Fortune Holdings Limited (HKG:110)?
Looking at China Fortune Holdings’s latest financial data, I will gauge when the company may run out of cash and need to raise more money. … View our latest analysis for China Fortune Holdings What is cash burn? … SEHK:110 Income Statement Apr 26th 18 When will China Fortune Holdings need to raise more cash?
How Should Investors Feel About China Fortune Holdings Limited's (HKG:110) CEO Pay?
View our latest analysis for China Fortune Holdings What has been the trend in 110's earnings? … During times of negative earnings, the company may be going through a period of reinvestment and growth, or it can be a signal of some headwind. … Typically I'd use market cap and profit as factors determining performance, however, 110's negative earnings reduces the usefulness of my formula.
What Kind Of Risk Should You Expect For China Fortune Holdings Limited (HKG:110)?
A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … With a beta of 1.11, China Fortune Holdings is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive.
China Fortune Holdings Limited (HKG:110): Should The Recent Earnings Drop Worry You?
When China Fortune Holdings Limited's (SEHK:110) announced its latest earnings (30 June 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were China Fortune Holdings's average earnings over the past couple of years, and its industry performance. … SEHK:110 Income Statement Mar 17th 18 We can further evaluate China Fortune Holdings's loss by looking at what the industry has been experiencing over the past few years.
China Fortune Holdings Limited, an investment holding company, engages in the distribution and trading of mobile phones and related accessories in the People’s Republic of China. It operates through Mobile Phone Business and Mining Business segments. The company is also involved in the development of marketing and after-sales service network; and mining and processing of celestite, zinc, and lead minerals located in Huangshi City, Hubei Province. In addition, it owns a retail chain in Zhuhai for selling mobile phones and telecommunication equipment. The company was formerly known as Fortune Telecom Holdings Limited and changed its name to China Fortune Holdings Limited in October 2007. China Fortune Holdings Limited was founded in 1992 and is headquartered in Kwai Chung, Hong Kong.
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