Loading...

Futong Technology Development Holdings

SEHK:465
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
465
SEHK
HK$261M
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

Futong Technology Development Holdings Limited, an investment holding company, provides information technology (IT) infrastructure products, cloud products and services, and corporate applications and solutions in the People’s Republic of China. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
465 Share Price and Events
7 Day Returns
2.4%
SEHK:465
-4.1%
HK Tech
-2.5%
HK Market
1 Year Returns
-8.5%
SEHK:465
-15.5%
HK Tech
-15.9%
HK Market
465 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Futong Technology Development Holdings (465) 2.4% 2.4% 7.5% -8.5% -18.3% -21.1%
HK Tech -4.1% -13.4% -6.4% -15.5% -5.2% -39%
HK Market -2.5% -8.6% -3.6% -15.9% 25.4% 7.8%
1 Year Return vs Industry and Market
  • 465 outperformed the Tech industry which returned -15.5% over the past year.
  • 465 outperformed the Market in Hong Kong which returned -15.9% over the past year.
Price Volatility
465
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Futong Technology Development Holdings's competitors could be found in our database.

Value

 Is Futong Technology Development 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 Futong Technology Development 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 Futong Technology Development Holdings.

SEHK:465 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 8.5%
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:465
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.038 (1 + (1- 25%) (13.34%))
1.095
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% + (1.095 * 5.96%)
8.53%

Discounted Cash Flow Calculation for SEHK:465 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Futong Technology Development 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:465 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.53%)
2019 876.65 Est @ 78.09% 807.76
2020 1,361.10 Est @ 55.26% 1,155.57
2021 1,895.79 Est @ 39.28% 1,483.03
2022 2,428.50 Est @ 28.1% 1,750.45
2023 2,920.77 Est @ 20.27% 1,939.82
2024 3,352.77 Est @ 14.79% 2,051.73
2025 3,720.03 Est @ 10.95% 2,097.57
2026 4,027.63 Est @ 8.27% 2,092.53
2027 4,284.96 Est @ 6.39% 2,051.27
2028 4,502.35 Est @ 5.07% 1,985.94
Present value of next 10 years cash flows CN¥17,415.67
SEHK:465 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,502.35 × (1 + 2%) ÷ (8.53% – 2%)
CN¥70,369.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥70,369.11 ÷ (1 + 8.53%)10
CN¥31,039.19
SEHK:465 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥17,415.67 + CN¥31,039.19
CN¥48,454.87
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥48,454.87 / 311.25
CN¥155.68
SEHK:465 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:465)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥155.68 x 1.135
HK$176.65
Value per share (HKD) From above. HK$176.65
Current discount Discount to share price of HK$0.86
= -1 x (HK$0.86 - HK$176.65) / HK$176.65
99.5%

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

Current Discount
Amount off the current price Futong Technology Development Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.86 vs Future cash flow value of HK$176.65
Current Discount Checks
For Futong Technology Development Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Futong Technology Development Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Futong Technology Development Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Futong Technology Development Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Futong Technology Development Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:465 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.06
SEHK:465 Share Price ** SEHK (2019-05-20) in HKD HK$0.86
SEHK:465 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.76
Hong Kong Tech Industry PE Ratio Median Figure of 12 Publicly-Listed Tech Companies 11.89x
Hong Kong Market PE Ratio Median Figure of 1,476 Publicly-Listed Companies 11.17x

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

** Primary Listing of Futong Technology Development Holdings.

SEHK:465 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:465 Share Price ÷ EPS (both in CNY)

= 0.76 ÷ 0.06

12.14x

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

  • Futong Technology Development Holdings is overvalued based on earnings compared to the HK Tech industry average.
  • Futong Technology Development Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Futong Technology Development Holdings's expected growth come at a high price?
Raw Data
SEHK:465 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
23.3%per year
Hong Kong Tech Industry PEG Ratio Median Figure of 5 Publicly-Listed Tech Companies 0.79x
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 Futong Technology Development Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Futong Technology Development Holdings's assets?
Raw Data
SEHK:465 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥1.75
SEHK:465 Share Price * SEHK (2019-05-20) in HKD HK$0.86
SEHK:465 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥0.76
Hong Kong Tech Industry PB Ratio Median Figure of 21 Publicly-Listed Tech Companies 0.87x
Hong Kong Market PB Ratio Median Figure of 2,155 Publicly-Listed Companies 0.97x
SEHK:465 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:465 Share Price ÷ Book Value per Share (both in CNY)

= 0.76 ÷ 1.75

0.43x

* Primary Listing of Futong Technology Development Holdings.

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

  • Futong Technology Development Holdings is good value based on assets compared to the HK Tech industry average.
X
Value checks
We assess Futong Technology Development 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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Futong Technology Development Holdings has a total score of 3/6, 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 Futong Technology Development Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Futong Technology Development Holdings, future earnings growth has been estimated based on fundamentals.
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
23.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Futong Technology Development Holdings expected to grow at an attractive rate?
  • Futong Technology Development Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Futong Technology Development Holdings's earnings growth is expected to exceed the Hong Kong market average.
  • Unable to compare Futong Technology Development Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:465 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:465 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 23.3%
Hong Kong Tech Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Hong Kong Tech Industry Revenue Growth Rate Market Cap Weighted Average 13.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
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:465 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:465 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:465 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,777 496 19
2018-09-30 2,356 506 -6
2018-06-30 2,935 515 -31
2018-03-31 3,299 332 -36
2017-12-31 3,663 149 -40
2017-09-30 3,682 -43 -21
2017-06-30 3,700 -236 -1
2017-03-31 3,571 -222 8
2016-12-31 3,441 -208 18
2016-09-30 3,259 -80 19
2016-06-30 3,077 47 21
2016-03-31 2,818 174 22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Futong Technology Development Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Futong Technology Development 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:465 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Futong Technology Development Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:465 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:465 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.06
2018-09-30 -0.02
2018-06-30 -0.10
2018-03-31 -0.11
2017-12-31 -0.13
2017-09-30 -0.07
2017-06-30 0.00
2017-03-31 0.03
2016-12-31 0.06
2016-09-30 0.06
2016-06-30 0.07
2016-03-31 0.07

*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 Futong Technology Development Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Futong Technology Development 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.
Futong Technology Development Holdings 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 Futong Technology Development 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 Futong Technology Development Holdings's growth in the last year to its industry (Tech).
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.
  • Futong Technology Development Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Futong Technology Development Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Futong Technology Development Holdings has become profitable in the last year making it difficult to compare the HK Tech industry average.
Earnings and Revenue History
Futong Technology Development 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 Futong Technology Development Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:465 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,777.11 19.43 140.69
2018-09-30 2,356.20 -5.93 158.98
2018-06-30 2,935.29 -31.28 177.27
2018-03-31 3,299.11 -35.60 184.33
2017-12-31 3,662.93 -39.92 191.38
2017-09-30 3,681.51 -20.51 189.31
2017-06-30 3,700.08 -1.09 187.23
2017-03-31 3,570.64 8.29 184.47
2016-12-31 3,441.20 17.67 181.70
2016-09-30 3,259.20 19.29 177.06
2016-06-30 3,077.19 20.92 172.41
2016-03-31 2,817.93 22.30 170.69
2015-12-31 2,558.66 23.67 168.98
2015-09-30 2,605.03 32.40 172.37
2015-06-30 2,651.39 41.12 175.77
2015-03-31 2,876.34 37.74 178.49
2014-12-31 3,101.30 34.36 181.22
2014-09-30 3,376.42 37.18 184.78
2014-06-30 3,651.54 40.00 188.34
2014-03-31 3,675.33 41.08 186.80
2013-12-31 3,699.12 42.15 185.26
2013-09-30 3,684.20 43.72 178.49
2013-06-30 3,669.29 45.29 171.72
2013-03-31 3,620.19 44.08 168.43
2012-12-31 3,571.09 42.86 165.14
2012-09-30 3,247.63 51.60 160.61
2012-06-30 2,924.16 60.34 156.09

*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.
  • Futong Technology Development Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Futong Technology Development Holdings used its assets more efficiently than the HK Tech industry average last year based on Return on Assets.
  • Futong Technology Development Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Futong Technology Development 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 Tech 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.
Futong Technology Development 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Futong Technology Development 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 Futong Technology Development Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Futong Technology Development Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Futong Technology Development Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Futong Technology Development 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.
  • Debt is covered by short term assets, assets are 27.2x 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 Futong Technology Development Holdings Company Filings, last reported 4 months ago.

SEHK:465 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 547.79 30.73 397.17
2018-09-30 547.79 30.73 397.17
2018-06-30 537.69 141.00 121.01
2018-03-31 537.69 141.00 121.01
2017-12-31 536.44 483.87 252.50
2017-09-30 536.44 483.87 252.50
2017-06-30 576.91 706.39 96.89
2017-03-31 576.91 706.39 96.89
2016-12-31 581.60 603.73 183.77
2016-09-30 581.60 603.73 183.77
2016-06-30 583.69 389.13 74.44
2016-03-31 583.69 389.13 74.44
2015-12-31 571.75 463.33 355.13
2015-09-30 571.75 463.33 355.13
2015-06-30 570.64 456.61 145.33
2015-03-31 570.64 456.61 145.33
2014-12-31 558.34 748.36 278.41
2014-09-30 558.34 748.36 278.41
2014-06-30 538.42 912.13 181.63
2014-03-31 538.42 912.13 181.63
2013-12-31 536.47 791.12 273.47
2013-09-30 536.47 791.12 273.47
2013-06-30 511.05 598.36 68.43
2013-03-31 511.05 598.36 68.43
2012-12-31 506.75 560.00 360.23
2012-09-30 506.75 560.00 360.23
2012-06-30 479.18 360.00 61.37
  • Futong Technology Development Holdings's level of debt (5.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (147.7% vs 5.6% today).
  • Debt is well covered by operating cash flow (1613.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.1x coverage).
X
Financial health checks
We assess Futong Technology Development 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. Futong Technology Development 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.

Dividends

 What is Futong Technology Development 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
2.51%
Current annual income from Futong Technology Development Holdings dividends.
If you bought HK$2,000 of Futong Technology Development Holdings shares you are expected to receive HK$50 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?
  • Futong Technology Development Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
  • Futong Technology Development Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.72%).
Upcoming dividend payment

Purchase Futong Technology Development Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:465 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 Tech Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.2%
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 5.7%

Industry and Market average data is calculated daily.

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

SEHK:465 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
SEHK:465 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-11 0.019 2.633
2019-03-22 0.019 2.753
2018-09-14 0.000 0.000
2018-08-23 0.000 0.000
2018-04-17 0.000 0.000
2018-03-23 0.000 0.000
2017-04-18 0.016 1.883
2017-03-27 0.017 1.535
2017-03-22 0.016 1.415
2016-09-12 0.024 2.255
2016-04-13 0.023 2.643
2015-04-15 0.032 3.333
2015-03-20 0.032 3.175
2014-04-14 0.040 4.402
2014-03-25 0.040 4.342
2013-03-26 0.041 4.310
2012-03-29 0.068 6.707
2011-03-30 0.063 5.295

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

  • Futong Technology Development Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Futong Technology Development Holdings has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Futong Technology Development Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
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 Futong Technology Development 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 Futong Technology Development Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Futong Technology Development Holdings has a total score of 2/6, 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 Futong Technology Development 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.
CEO
Wei Zhao
COMPENSATION CN¥0
AGE 47
TENURE AS CEO 1.5 years
CEO Bio

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 Development Holdings Limited. Prior to joining Futong Technology Development in 2003, Mr. Zhao served as the manager of System x server department of Futong ComputerLand from 2002 to 2003. He held various positions from 1996 to 2002 in Global Infotech Co., Ltd., a company principally engaged in provision of information solutions and services to financial institutions and promoted as the general manager of the Guangzhou office in 2001. Mr. Zhao graduated from Beijing Institute of Technology, majoring in electronic appliances.

CEO Compensation
  • Insufficient data for Wei to compare compensation growth.
  • Wei's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team

Jian Chen

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
57

Wei Zhao

TITLE
Chief Executive Officer
AGE
47
TENURE
1.5 yrs

Jing Chen

TITLE
VP of Futong Dongfang & Executive Director
COMPENSATION
CN¥1M
AGE
49

Hui Xie

TITLE
Co-Founder & Senior VP of Futong Dongfang
AGE
48

Ai Ai Shen

TITLE
Chief Financial Officer
AGE
34

Wei Jin

TITLE
Chief Technical Officer & VP of Futong Dongfang
AGE
43

Ka Lung Leung

TITLE
Company Secretary & Financial Controller
AGE
32
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Futong Technology Development Holdings board of directors in years:

2
Average Tenure
56
Average Age
  • The average tenure for the Futong Technology Development Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jian Chen

TITLE
Chairman of the Board
COMPENSATION
CN¥3M
AGE
57
TENURE
1.8 yrs

Jing Chen

TITLE
VP of Futong Dongfang & Executive Director
COMPENSATION
CN¥1M
AGE
49
TENURE
2.1 yrs

Bo Yuan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥246K
AGE
55
TENURE
9.5 yrs

Siu Lui Chow

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥241K
AGE
58
TENURE
2.4 yrs

David Kwei

TITLE
Independent Non-Executive Director
AGE
58
TENURE
1.3 yrs

Yun Yao

TITLE
Independent Non-Executive Director
AGE
51
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Futong Technology Development 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. Futong Technology Development 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.

News

Simply Wall St News

What Kind Of Shareholder Owns Most Futong Technology Development Holdings Limited (HKG:465) Stock?

The big shareholder groups in Futong Technology Development Holdings Limited (HKG:465) have power over the company. … Futong Technology Development Holdings is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

Futong Technology Development Holdings Limited (HKG:465) Might Not Be A Great Investment

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed?

Simply Wall St -

Who Has Been Selling Futong Technology Development Holdings Limited (HKG:465) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Futong Technology Development Holdings Limited (HKG:465). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Futong Technology Development Holdings Insider Transactions Over The Last Year.

Simply Wall St -

Is Futong Technology Development Holdings Limited's (HKG:465) Balance Sheet Strong Enough To Weather A Storm?

Futong Technology Development Holdings Limited (HKG:465) is a small-cap stock with a market capitalization of HK$249m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Tech industry,

Simply Wall St -

How Much Of Futong Technology Development Holdings Limited (HKG:465) Do Insiders Own?

The big shareholder groups in Futong Technology Development Holdings Limited (HKG:465) have power over the company. … With a market capitalization of HK$215m, Futong Technology Development Holdings is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Futong Technology Development Holdings

Simply Wall St -

Read This Before Buying Futong Technology Development Holdings Limited (HKG:465) Shares

So before you buy or sell Futong Technology Development Holdings Limited (HKG:465), you may well want to know whether insiders have been buying or selling. … View our latest analysis for Futong Technology Development Holdings. … Futong Technology Development Holdings Insider Transactions Over The Last Year.

Simply Wall St -

What does Futong Technology Development Holdings Limited's (HKG:465) Balance Sheet Tell Us About Its Future?

While small-cap stocks, such as Futong Technology Development Holdings Limited (HKG:465) with its market cap of HK$215m, 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 -

Is Futong Technology Development Holdings Limited's (HKG:465) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Futong Technology Development Holdings Limited (HKG:465) with its market cap of CN¥295.69m, 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 -

Company Info

Description

Futong Technology Development Holdings Limited, an investment holding company, provides information technology (IT) infrastructure products, cloud products and services, and corporate applications and solutions in the People’s Republic of China. The company is also involved in the research, development, and sale of a series IT software and hardware products. It offers intelligent digitalized applications and system integration services; and distributes traditional enterprise-grade information technology products comprising enterprise servers, system storage products, and software with value-added services, as well as other IT products and accessories, database management software, middleware for application servers, and systems. The company was incorporated in 2009 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: Futong Technology Development Holdings Limited
465
Exchange: SEHK
Founded: 2009
HK$261,450,000
311,250,000
Website: http://www.futong.com.hk
Address: Futong Technology Development Holdings Limited
Chaowaimen Office Center,
Units B1901 on level 19 and B2001 on level 20 of Tower B,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 465 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 04. Dec 2009
Number of employees
Current staff
Staff numbers
290
Futong Technology Development Holdings employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 12:54
End of day share price update: 2019/05/20 00:00
Last estimates confirmation: 2018/03/23
Last earnings filing: 2019/04/11
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.