SEHK:465

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Futong Technology Development Holdings

Executive Summary

Futong Technology Development Holdings Limited, an investment holding company, provides enterprise information technology (IT) infrastructure products, services, and solutions; cloud computing products; and intelligent digitalized application products in the People’s Republic of China and Hong Kong. More Details


Snowflake Analysis

Excellent balance sheet and fair value.

Share Price & News

How has Futong Technology Development Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 465 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.0%

465

-3.3%

HK Tech

1.5%

HK Market


1 Year Return

-21.2%

465

79.8%

HK Tech

0.7%

HK Market

Return vs Industry: 465 underperformed the Hong Kong Tech industry which returned 90% over the past year.

Return vs Market: 465 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

465IndustryMarket
7 Day4.0%-3.3%1.5%
30 Day-1.9%19.6%-3.1%
90 Day20.9%55.8%2.9%
1 Year-21.2%-21.2%82.7%79.8%4.8%0.7%
3 Year-46.1%-47.5%-0.02%-10.9%-5.6%-15.8%
5 Year-48.9%-52.3%-27.6%-39.8%24.5%3.4%

Price Volatility Vs. Market

How volatile is Futong Technology Development Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Futong Technology Development Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 465 (HK$0.52) is trading below our estimate of fair value (HK$1.54)

Significantly Below Fair Value: 465 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 465 is unprofitable, so we can't compare its PE Ratio to the HK Tech industry average.

PE vs Market: 465 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 465's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 465 is good value based on its PB Ratio (0.3x) compared to the HK Tech industry average (0.6x).


Next Steps

Future Growth

How is Futong Technology Development Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.6%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Futong Technology Development 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Futong Technology Development Holdings performed over the past 5 years?

-30.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 465 is currently unprofitable.

Growing Profit Margin: 465 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 465 is unprofitable, and losses have increased over the past 5 years at a rate of 30.4% per year.

Accelerating Growth: Unable to compare 465's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 465 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (5%).


Return on Equity

High ROE: 465 has a negative Return on Equity (-0.55%), as it is currently unprofitable.


Next Steps

Financial Health

How is Futong Technology Development Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 465's short term assets (CN¥678.7M) exceed its short term liabilities (CN¥199.3M).

Long Term Liabilities: 465's short term assets (CN¥678.7M) exceed its long term liabilities (CN¥2.1M).


Debt to Equity History and Analysis

Debt Level: 465's debt to equity ratio (0.02%) is considered satisfactory.

Reducing Debt: 465's debt to equity ratio has reduced from 80% to 0.02% over the past 5 years.

Debt Coverage: 465's debt is well covered by operating cash flow (129017%).

Interest Coverage: Insufficient data to determine if 465's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Futong Technology Development Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 465's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 465's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 465's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 465's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 465 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 465's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average board tenure


CEO

Wei Zhao (49 yo)

2.83yrs

Tenure

Mr. Wei Zhao has been the Chief Executive Officer of Futong Technology Development Holdings Limited since November 17, 2017. Mr. Zhao serves as Vice President of Futong Dongfang at Futong Technology Develo ...


Board Members

NamePositionTenureCompensationOwnership
Jian Chen
Chairman of the Board3.17yrsCN¥2.33m69.3%
CN¥ 112.2m
Jing Chen
Non-Executive Director3.42yrsCN¥1.04m0.40%
CN¥ 643.8k
Siu Lui Chow
Independent Non-Executive Director3.75yrsCN¥255.00kno data
Yun Yao
Independent Non-Executive Director2.33yrsCN¥255.00kno data
Lo Kwok Kwei
Independent Non-Executive Director2.58yrsCN¥255.00kno data

3.2yrs

Average Tenure

59yo

Average Age

Experienced Board: 465's board of directors are considered experienced (3.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 465 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Futong Technology Development Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Futong Technology Development Holdings Limited
  • Ticker: 465
  • Exchange: SEHK
  • Founded: 1996
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: HK$161.850m
  • Shares outstanding: 311.25m
  • Website: https://www.futong.com.hk

Number of Employees


Location

  • Futong Technology Development Holdings Limited
  • Chaowaimen Office Center
  • Units B1901 on level 19 & B2001 on level
  • Beijing
  • Beijing Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
465SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2009

Biography

Futong Technology Development Holdings Limited, an investment holding company, provides enterprise information technology (IT) infrastructure products, services, and solutions; cloud computing products; an ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/17 20:01
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.