SGX:F13

Stock Analysis Report

Executive Summary

Fu Yu Corporation Limited, an investment holding company, engages in the manufacture and sub-assembly of precision plastic parts and components in Singapore, Malaysia, and China.


Snowflake Analysis

Flawless balance sheet with acceptable track record.

Share Price & News

How has Fu Yu's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: F13 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

F13

-5.2%

SG Machinery

-2.8%

SG Market


1 Year Return

22.0%

F13

-26.6%

SG Machinery

-5.2%

SG Market

Return vs Industry: F13 exceeded the SG Machinery industry which returned -26.6% over the past year.

Return vs Market: F13 exceeded the SG Market which returned -5.2% over the past year.


Shareholder returns

F13IndustryMarket
7 Day-3.8%-5.2%-2.8%
30 Day-5.7%-6.8%-4.1%
90 Day6.4%-6.1%-3.0%
1 Year31.6%22.0%-24.9%-26.6%-1.4%-5.2%
3 Year53.5%22.0%-17.6%-22.8%6.2%-5.1%
5 Year242.4%138.1%-32.5%-40.6%6.9%-11.2%

Price Volatility Vs. Market

How volatile is Fu Yu's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fu Yu 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: F13 (SGD0.25) is trading below our estimate of fair value (SGD0.68)

Significantly Below Fair Value: F13 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: F13 is poor value based on its PE Ratio (14.8x) compared to the Machinery industry average (8.5x).

PE vs Market: F13 is poor value based on its PE Ratio (14.8x) compared to the SG market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: F13 is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: F13 is overvalued based on its PB Ratio (1.2x) compared to the SG Machinery industry average (0.6x).


Next Steps

Future Growth

How is Fu Yu forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

13.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: F13's forecast earnings growth (13.5% per year) is above the savings rate (1.8%).

Earnings vs Market: F13's earnings (13.5% per year) are forecast to grow faster than the SG market (5.1% per year).

High Growth Earnings: F13's earnings are forecast to grow, but not significantly.

Revenue vs Market: F13's revenue (3.7% per year) is forecast to grow slower than the SG market (5.2% per year).

High Growth Revenue: F13's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: F13's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Fu Yu performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F13 has high quality earnings.

Growing Profit Margin: F13's current net profit margins (6.5%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: F13's earnings have declined by -4.8% per year over the past 5 years.

Accelerating Growth: F13's earnings growth over the past year (6.8%) exceeds its 5-year average (-4.8% per year).

Earnings vs Industry: F13 earnings growth over the past year (6.8%) underperformed the Machinery industry 6.8%.


Return on Equity

High ROE: F13's Return on Equity (7.8%) is considered low.


Next Steps

Financial Health

How is Fu Yu's financial position?


Financial Position Analysis

Short Term Liabilities: F13's short term assets (SGD156.5M) exceed its short term liabilities (SGD46.7M).

Long Term Liabilities: F13's short term assets (SGD156.5M) exceed its long term liabilities (SGD8.8M).


Debt to Equity History and Analysis

Debt Level: F13 is debt free.

Reducing Debt: F13 has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.

Debt Coverage: F13 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: F13 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: F13 has a high level of physical assets or inventory.

Debt Coverage by Assets: F13's debt is covered by short term assets (assets are 8.8105608360107E+16x debt).


Next Steps

Dividend

What is Fu Yu's current dividend yield, its reliability and sustainability?

6.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: F13's dividend (6.4%) is higher than the bottom 25% of dividend payers in the SG market (2.59%).

High Dividend: F13's dividend (6.4%) is in the top 25% of dividend payers in the SG market (5.7%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, F13 has been paying a dividend for less than 10 years.

Growing Dividend: F13's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (94.7%), F13's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: F13's dividends in 3 years are forecast to be covered by earnings (59.4% payout ratio).


Next Steps

Management

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

7.7yrs

Average management tenure


CEO

Lien Lee Hew (62yo)

4yrs

Tenure

Mr. Hew Lien Lee, has been the Chief Executive Officer of Fu Yu Corporation Limited since February 26, 2016. Mr. Hew has been the Managing Director of LCTH Corp. Bhd. since June 3, 2004. Mr. Hew has been  ...


Leadership Team

NamePositionTenureCompensationOwnership
Lien Lee Hew
CEO, COO & Executive Director4yrsno data1.08% SGD2.0m
Heng Yang Ching
Co-Founder & Vice Chairman0yrsno data11.81% SGD22.2m
Nee Kit Ho
Co-Founder & Executive Director39.2yrsno data12.88% SGD24.2m
Wai Tam
Co-Founder & Executive Director39.2yrsno data12.88% SGD24.3m
Siew Hee
Chief Financial Officer3.7yrsno datano data
Lay Tan
Group Human Resource Director11.3yrsno datano data
Kong Fung
Company Secretary3.3yrsno datano data
Hui Cheok
Company Secretary1.5yrsno datano data

7.7yrs

Average Tenure

65yo

Average Age

Experienced Management: F13's management team is seasoned and experienced (7.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lien Lee Hew
CEO, COO & Executive Director4yrsno data1.08% SGD2.0m
Heng Yang Ching
Co-Founder & Vice Chairman0yrsno data11.81% SGD22.2m
Nee Kit Ho
Co-Founder & Executive Director39.2yrsno data12.88% SGD24.2m
Wai Tam
Co-Founder & Executive Director39.2yrsno data12.88% SGD24.3m
Seow Phun Chen
Independent Non Executive Chairman12.3yrsno data0.13% SGD250.0k
Yew Tan
Independent Non Executive Director24.8yrsno data0.34% SGD640.6k
Say Tun Foo
Independent Non Executive Director12.3yrsno datano data

18.8yrs

Average Tenure

65yo

Average Age

Experienced Board: F13's board of directors are seasoned and experienced ( 18.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

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


Top Shareholders

Company Information

Fu Yu Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fu Yu Corporation Limited
  • Ticker: F13
  • Exchange: SGX
  • Founded: 1978
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: S$188.249m
  • Shares outstanding: 752.99m
  • Website: https://www.fuyucorp.com

Number of Employees


Location

  • Fu Yu Corporation Limited
  • No. 8 Tuas Drive 1
  • Singapore
  • 638675
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
F13SGX (Singapore Exchange)YesOrdinary SharesSGSGDAug 1995

Biography

Fu Yu Corporation Limited, an investment holding company, engages in the manufacture and sub-assembly of precision plastic parts and components in Singapore, Malaysia, and China. The company is also involved in the fabrication of precision molds and dies; trading activities; and provision of management services. It serves companies in the printing and imaging, networking and communications, consumer, medical, and automotive sectors. The company was formerly known as Fu Yu Manufacturing Limited and changed its name to Fu Yu Corporation Limited in 2004. Fu Yu Corporation Limited was founded in 1978 and is headquartered in Singapore. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 12:55
End of Day Share Price2020/02/27 00:00
Earnings2019/12/31
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.