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FIH Mobile

SEHK:2038
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2038
SEHK
HK$7B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide. The last earnings update was 101 days ago. More info.


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  • FIH Mobile has significant price volatility in the past 3 months.
2038 Share Price and Events
7 Day Returns
-1.2%
SEHK:2038
1.2%
HK Electronic
-0.2%
HK Market
1 Year Returns
-26.7%
SEHK:2038
-33.7%
HK Electronic
-4.5%
HK Market
2038 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FIH Mobile (2038) -1.2% -3.4% -43.3% -26.7% -69.6% -81%
HK Electronic 1.2% 4.8% -19% -33.7% -3.5% 10%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 2038 outperformed the Electronic industry which returned -33.7% over the past year.
  • 2038 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
2038
Industry
5yr Volatility vs Market
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Value

 Is FIH Mobile 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 FIH Mobile 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 FIH Mobile.

SEHK:2038 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.9%
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:2038
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.132 (1 + (1- 25%) (161.68%))
2.008
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (2 * 5.96%)
13.92%

Discounted Cash Flow Calculation for SEHK:2038 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for FIH Mobile 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:2038 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.92%)
2020 19.00 Analyst x1 16.68
2021 25.12 Est @ 32.23% 19.36
2022 30.94 Est @ 23.16% 20.93
2023 36.14 Est @ 16.81% 21.46
2024 40.62 Est @ 12.37% 21.17
2025 44.38 Est @ 9.26% 20.30
2026 47.52 Est @ 7.08% 19.08
2027 50.16 Est @ 5.56% 17.68
2028 52.42 Est @ 4.49% 16.22
2029 54.38 Est @ 3.75% 14.77
Present value of next 10 years cash flows $187.63
SEHK:2038 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $54.38 × (1 + 2%) ÷ (13.92% – 2%)
$465.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $465.34 ÷ (1 + 13.92%)10
$126.37
SEHK:2038 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $187.63 + $126.37
$314.01
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $314.01 / 8,214.07
$0.04
SEHK:2038 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:2038)
7.816
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $0.04 x 7.816
HK$0.3
Value per share (HKD) From above. HK$0.30
Current discount Discount to share price of HK$0.85
= -1 x (HK$0.85 - HK$0.30) / HK$0.30
-184.5%

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

  • The current share price of FIH Mobile 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 FIH Mobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FIH Mobile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:2038 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.11
SEHK:2038 Share Price ** SEHK (2019-07-19) in HKD HK$0.85
SEHK:2038 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $0.11
Hong Kong Electronic Industry PE Ratio Median Figure of 62 Publicly-Listed Electronic Companies 9.88x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of FIH Mobile.

SEHK:2038 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:2038 Share Price ÷ EPS (both in USD)

= 0.11 ÷ -0.11

-1.03x

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

  • FIH Mobile is loss making, we can't compare its value to the HK Electronic industry average.
  • FIH Mobile is loss making, we can't compare the value of its earnings to the Hong Kong market.
Price based on expected Growth
Does FIH Mobile's expected growth come at a high price?
Raw Data
SEHK:2038 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
130.6%per year
Hong Kong Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 0.53x
Hong Kong Market PEG Ratio Median Figure of 479 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 FIH Mobile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on FIH Mobile's assets?
Raw Data
SEHK:2038 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.26
SEHK:2038 Share Price * SEHK (2019-07-19) in HKD HK$0.85
SEHK:2038 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.128 $0.11
Hong Kong Electronic Industry PB Ratio Median Figure of 83 Publicly-Listed Electronic Companies 1.06x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:2038 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:2038 Share Price ÷ Book Value per Share (both in USD)

= 0.11 ÷ 0.26

0.42x

* Primary Listing of FIH Mobile.

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

  • FIH Mobile is good value based on assets compared to the HK Electronic industry average.
X
Value checks
We assess FIH Mobile'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. FIH Mobile 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.

Future Performance

 How is FIH Mobile expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
130.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FIH Mobile expected to grow at an attractive rate?
  • FIH Mobile's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • FIH Mobile's earnings growth is expected to exceed the Hong Kong market average.
  • FIH Mobile's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:2038 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:2038 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 130.6%
SEHK:2038 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
Hong Kong Electronic Industry Earnings Growth Rate Market Cap Weighted Average 19.9%
Hong Kong Electronic Industry Revenue Growth Rate Market Cap Weighted Average 13.4%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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:2038 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:2038 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 15,920 89 78 1
2019-12-31 14,700 -262 -138 1
SEHK:2038 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14,930 -814 -857
2018-09-30 14,600 -769 -767
2018-06-30 14,269 -724 -677
2018-03-31 13,175 -419 -601
2017-12-31 12,080 -113 -525
2017-09-30 10,190 63 -303
2017-06-30 8,301 238 -80
2017-03-31 7,267 237 29
2016-12-31 6,233 235 138
2016-09-30 6,081 547 130
2016-06-30 5,929 858 121
2016-03-31 6,690 868 175

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FIH Mobile's earnings are expected to grow significantly at over 20% yearly.
  • FIH Mobile's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
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:2038 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from FIH Mobile Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2038 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31 -0.02 -0.02 -0.02 1.00
SEHK:2038 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.11
2018-09-30 -0.10
2018-06-30 -0.08
2018-03-31 -0.08
2017-12-31 -0.07
2017-09-30 -0.04
2017-06-30 -0.01
2017-03-31 0.00
2016-12-31 0.02
2016-09-30 0.02
2016-06-30 0.02
2016-03-31 0.02

*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.
  • FIH Mobile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FIH Mobile'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.
FIH Mobile has a total score of 3/6, 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.

Past Performance

  How has FIH Mobile 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 FIH Mobile's growth in the last year to its industry (Electronic).
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.
  • FIH Mobile does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare FIH Mobile's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare FIH Mobile's 1-year growth to the HK Electronic industry average as it is not currently profitable.
Earnings and Revenue History
FIH Mobile'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 FIH Mobile Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:2038 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,929.90 -857.12 398.70 214.73
2018-09-30 14,599.60 -767.06 439.90 210.86
2018-06-30 14,269.30 -676.99 481.11 206.99
2018-03-31 13,174.70 -601.24 469.99 183.91
2017-12-31 12,080.11 -525.49 458.87 160.83
2017-09-30 10,190.37 -302.58 377.76 145.55
2017-06-30 8,300.63 -79.68 296.66 130.27
2017-03-31 7,266.86 29.32 259.13 123.76
2016-12-31 6,233.08 138.32 221.59 117.26
2016-09-30 6,080.89 129.50 212.14 111.86
2016-06-30 5,928.70 120.68 202.69 106.47
2016-03-31 6,689.84 174.87 204.51 110.55
2015-12-31 7,450.99 229.07 206.33 114.63
2015-09-30 7,913.14 239.24 217.10 128.14
2015-06-30 8,375.29 249.41 227.88 141.64
2015-03-31 7,602.59 209.43 220.59 142.28
2014-12-31 6,829.89 169.44 213.30 142.92
2014-09-30 5,817.00 139.67 205.28 145.56
2014-06-30 4,804.11 109.91 197.27 148.21
2014-03-31 4,900.53 93.81 203.50 151.98
2013-12-31 4,996.95 77.71 209.72 155.75
2013-09-30 5,104.47 2.51 212.83 155.47
2013-06-30 5,212.00 -72.70 215.94 155.20
2013-03-31 5,225.90 -194.56 225.99 164.29
2012-12-31 5,239.80 -316.42 236.05 173.38
2012-09-30 5,552.32 -226.00 244.23 182.81

*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 FIH Mobile has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if FIH Mobile has efficiently used its assets last year compared to the HK Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if FIH Mobile 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 FIH Mobile'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 Electronic 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.
FIH Mobile 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.

Health

 How is FIH Mobile'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 FIH Mobile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • FIH Mobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • FIH Mobile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of FIH Mobile'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.4x debt.
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 FIH Mobile Company Filings, last reported 6 months ago.

SEHK:2038 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,150.28 1,427.22 1,939.69
2018-09-30 2,150.28 1,427.22 1,939.69
2018-06-30 2,767.04 1,244.17 2,413.46
2018-03-31 2,767.04 1,244.17 2,413.46
2017-12-31 3,179.72 712.60 2,438.42
2017-09-30 3,179.72 712.60 2,438.42
2017-06-30 3,346.63 346.50 2,507.27
2017-03-31 3,346.63 346.50 2,507.27
2016-12-31 3,570.76 418.60 2,482.19
2016-09-30 3,570.76 418.60 2,482.19
2016-06-30 3,529.35 22.86 2,536.54
2016-03-31 3,529.35 22.86 2,536.54
2015-12-31 3,755.41 13.37 2,607.66
2015-09-30 3,755.41 13.37 2,607.66
2015-06-30 3,853.55 337.92 2,851.66
2015-03-31 3,853.55 337.92 2,851.66
2014-12-31 3,929.87 178.73 2,667.37
2014-09-30 3,929.87 178.73 2,667.37
2014-06-30 3,773.48 101.63 2,600.54
2014-03-31 3,773.48 101.63 2,600.54
2013-12-31 3,708.49 137.78 2,517.17
2013-09-30 3,708.49 137.78 2,517.17
2013-06-30 3,561.98 520.62 2,803.05
2013-03-31 3,561.98 520.62 2,803.05
2012-12-31 3,526.56 214.90 2,357.13
2012-09-30 3,526.56 214.90 2,357.13
  • FIH Mobile's level of debt (66.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.7% vs 66.4% today).
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.

  • FIH Mobile has sufficient cash runway for 1.8 years based on current free cash flow.
  • FIH Mobile has sufficient cash runway for 1.5 years if free cash flow continues to grow at historical rates of 114.9% each year.
X
Financial health checks
We assess FIH Mobile'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. FIH Mobile has a total score of 4/6, 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.

Dividends

 What is FIH Mobile'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 FIH Mobile dividends. Estimated to be 0% next year.
If you bought HK$2,000 of FIH Mobile 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 FIH Mobile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FIH Mobile'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:2038 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 1 Analyst Estimates (S&P Global) See Below
Hong Kong Electronic Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 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 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:2038 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00
SEHK:2038 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-19 0.000 0.000
2018-08-10 0.000 0.000
2018-04-09 0.000 0.000
2018-03-08 0.000 0.000
2017-04-12 0.018 5.726
2016-03-18 0.028 7.933
2015-05-28 0.005 1.211

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

  • Unable to perform a dividend volatility check as FIH Mobile has not reported any payouts.
  • Unable to verify if FIH Mobile's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FIH Mobile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FIH Mobile has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of FIH Mobile's dividends in 3 years as they are not expected to pay a notable one for Hong Kong.
X
Income/ dividend checks
We assess FIH Mobile'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 FIH Mobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FIH Mobile 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.

Management

 What is the CEO of FIH Mobile'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.
CEO
Yu Chih
COMPENSATION $713,000
AGE 60
TENURE AS CEO 7 years
CEO Bio

Mr. Chih Yu Yang has been the Chief Executive Officer of FIH Mobile Limited (alternate name, Foxconn International Holdings Limited) since July 26, 2012. Mr. Chih founded Chi Mei Communication Systems, Inc. (CMCS) in 2001 and serves as its Chairman and Chief Executive Officer, a subsidiary of Foxconn International Holdings. Mr. Chih has close to 30 years of extensive experience in the communication industries. From 1997 to 2001, Mr. Chih served as Vice President and General Manager of Communication B.U. in BenQ (formerly Acer Communication and Multimedia, Inc.) where he was responsible for the BenQ's cellular phone business. Prior to that, he held various engineering and managerial positions in companies including ITT Corporation, GTE Corporation and Rockwell Semiconductor Systems. Mr. Chih joined CMCS in 2005 when the Group acquired CMCS. Mr. Chih serves as a Director of FIH Technology Korea Ltd. and Greater Success Investments Limited, a subsidiaries Foxconn International Holdings. He has been an Acting Chairman of FIH Mobile Limited since January 1, 2017. He has been an Executive Director of FIH Mobile Limited since August 28, 2009. Mr. Chih obtained a Bachelor of Science degree in Electrical Engineering from National Tsing Hwa University in Taiwan in 1980.

CEO Compensation
  • Yu's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Yu's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the FIH Mobile management team in years:

11
Average Tenure
55
Average Age
  • The average tenure for the FIH Mobile management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yu Chih

TITLE
Acting Chairman & CEO
COMPENSATION
$713K
AGE
60
TENURE
7 yrs

Janson Wang

TITLE
Director of Electronic Parts Manufacturing & SMT & System Assembly and Executive Director
COMPENSATION
$464K
AGE
59
TENURE
15.1 yrs

Wen-Yi Kuo

TITLE
Executive Director
COMPENSATION
$392K
AGE
52

Danny Tam

TITLE
Chief Financial Officer
AGE
55

Tom Chen

TITLE
Vice President of Business Development
AGE
54
TENURE
16 yrs

Vanessa Wong

TITLE
Company Secretary
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the FIH Mobile board of directors in years:

2.8
Average Tenure
59.5
Average Age
  • The average tenure for the FIH Mobile board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yu Chih

TITLE
Acting Chairman & CEO
COMPENSATION
$713K
AGE
60
TENURE
2.5 yrs

Janson Wang

TITLE
Director of Electronic Parts Manufacturing & SMT & System Assembly and Executive Director
COMPENSATION
$464K
AGE
59
TENURE
3.1 yrs

Wen-Yi Kuo

TITLE
Executive Director
COMPENSATION
$392K
AGE
52
TENURE
1.1 yrs

Kevin Lau

TITLE
Independent Non-Executive Director
COMPENSATION
$40K
AGE
61
TENURE
14.6 yrs

Daniel Mehan

TITLE
Independent Non-Executive Director
COMPENSATION
$31K
AGE
74
TENURE
12 yrs

Yun Chih Tao

TITLE
Independent Non-Executive Director
COMPENSATION
$31K
AGE
44
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
06. Dec 18 Buy Wen-Yi Kuo Individual 04. Dec 18 04. Dec 18 300,000 HK$0.91 HK$272,010
04. Dec 18 Buy Wen-Yi Kuo Individual 03. Dec 18 03. Dec 18 200,000 HK$0.93 HK$186,000
26. Nov 18 Buy Wen-Yi Kuo Individual 23. Nov 18 23. Nov 18 100,000 HK$0.88 HK$88,000
23. Nov 18 Buy Wen-Yi Kuo Individual 22. Nov 18 22. Nov 18 100,000 HK$0.92 HK$92,000
X
Management checks
We assess FIH Mobile'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. FIH Mobile 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.

News

Simply Wall St News

FIH Mobile Limited (HKG:2038) Insiders Increased Their Holdings

View our latest analysis for FIH Mobile The Last 12 Months Of Insider Transactions At FIH Mobile While there weren't any large insider transactions in the last twelve months, it's still worth looking at the trading. … SEHK:2038 Recent Insider Trading, July 19th 2019 Insider Ownership Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. … From looking at our data, insiders own HK$19m worth of FIH Mobile stock, about 0.3% of the company.

Simply Wall St -

Should You Worry About FIH Mobile Limited's (HKG:2038) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … See our latest analysis for FIH Mobile How Does Yu Chih's Compensation Compare With Similar Sized Companies? … Given the total loss of 60% over three years, many shareholders in FIH Mobile Limited are probably rather dissatisfied, to say the least.

Simply Wall St -

Imagine Owning FIH Mobile (HKG:2038) And Trying To Stomach The 77% Share Price Drop

For example, we sympathize with anyone who was caught holding FIH Mobile Limited (HKG:2038) during the five years that saw its share price drop a whopping 77%. … We also note that the stock has performed poorly over the last year, with the share price down 35%. … View our latest analysis for FIH Mobile Because FIH Mobile is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now.

Simply Wall St -

How Financially Strong Is FIH Mobile Limited (HKG:2038)?

While small-cap stocks, such as FIH Mobile Limited (HKG:2038) with its market cap of HK$9.9b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Need To Know: FIH Mobile Limited (HKG:2038) Insiders Have Been Buying Shares

We often see insiders buying up shares in companies that perform well over the long term. … So we'll take a look at whether insiders have been buying or selling shares in FIH Mobile Limited (HKG:2038). … It's quite normal to see company insiders, such as board members, trading in company stock, from time to time.

Simply Wall St -

Does The FIH Mobile Limited (HKG:2038) Share Price Tend To Follow The Market?

If you're interested in FIH Mobile Limited (HKG:2038), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Is FIH Mobile Limited's (HKG:2038) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … And finally - as a second measure of performance - we will look at the returns shareholders have received over the last few years. … How Does Yu Chih's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Much Are FIH Mobile Limited (HKG:2038) Insiders Spending On Buying Shares?

So before you buy or sell FIH Mobile Limited (HKG:2038), you may well want to know whether insiders have been buying or selling. … However, most countries require that the company discloses such transactions to the market. … FIH Mobile Insider Transactions Over The Last Year

Simply Wall St -

Is FIH Mobile Limited's (HKG:2038) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as FIH Mobile Limited (HKG:2038) with its market cap of HK$7.1b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Does The FIH Mobile Limited (HKG:2038) Share Price Fall With The Market?

If you're interested in FIH Mobile Limited (HKG:2038), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Company Info

Description

FIH Mobile Limited, an investment holding company, provides integrated manufacturing services for the handset industry worldwide. It operates through three segments: Asia, Europe, and America. The company manufactures and distributes handsets and communication products, as well as offers repair services. It is also involved in the research and development, and project management activities. In addition, the company provides ancillary logistics and distribution services. The company was formerly known as Foxconn International Holdings Limited and changed its name to FIH Mobile Limited in May 2013. The company was incorporated in 2000 and is headquartered in Langfang, the People’s Republic of China. FIH Mobile Limited is a subsidiary of Foxconn (Far East) Limited.

Details
Name: FIH Mobile Limited
2038
Exchange: SEHK
Founded: 2000
HK$6,899,822,921
8,214,074,906
Website: http://www.fihmb.com
Address: FIH Mobile Limited
No. 369 Jianshe South Road,
Anci District,
Langfang,
Hubei Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 2038 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 03. Feb 2005
OTCPK FXCN.F Ordinary Shares Pink Sheets LLC US USD 03. Feb 2005
DB FW3 Ordinary Shares Deutsche Boerse AG DE EUR 03. Feb 2005
SHSC 2038 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 03. Feb 2005
SZSC 2038 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 03. Feb 2005
OTCPK FXCN.Y UNSPONSORED ADR Pink Sheets LLC US USD 15. Jan 2009
Number of employees
Current staff
Staff numbers
97,484
FIH Mobile employees.
Industry
Electronic Manufacturing Services
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:48
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/04/09
Last earnings reported: 2018/12/31
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.