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Fu Yu

SGX:F13
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
F13
SGX
SGD166M
Market Cap
  1. Home
  2. SG
  3. Capital Goods
Company description

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 last earnings update was 69 days ago. More info.


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F13 Share Price and Events
7 Day Returns
2.3%
SGX:F13
1.1%
SG Machinery
0.6%
SG Market
1 Year Returns
29.4%
SGX:F13
10.2%
SG Machinery
2.1%
SG Market
F13 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fu Yu (F13) 2.3% 10% 4.8% 29.4% 15.8% 109.5%
SG Machinery 1.1% 1.1% -8.6% 10.2% 15.3% -35.9%
SG Market 0.6% 3.5% 0.4% 2.1% 9.8% -4.5%
1 Year Return vs Industry and Market
  • F13 outperformed the Machinery industry which returned 10.2% over the past year.
  • F13 outperformed the Market in Singapore which returned 2.1% over the past year.
Price Volatility
F13
Industry
5yr Volatility vs Market

F13 Value

 Is Fu Yu 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 Fu Yu 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 Fu Yu.

SGX:F13 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

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 SGX:F13
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.087 (1 + (1- 17%) (6.22%))
1.096
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)
= 2.3% + (1.096 * 5.96%)
8.84%

Discounted Cash Flow Calculation for SGX:F13 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fu Yu 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.

SGX:F13 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 8.84%)
2020 9.81 Analyst x1 9.01
2021 10.95 Analyst x1 9.24
2022 9.99 Est @ -8.74% 7.75
2023 9.45 Est @ -5.42% 6.74
2024 9.16 Est @ -3.11% 6.00
2025 9.02 Est @ -1.48% 5.43
2026 8.99 Est @ -0.35% 4.97
2027 9.03 Est @ 0.45% 4.59
2028 9.12 Est @ 1% 4.26
2029 9.25 Est @ 1.39% 3.97
Present value of next 10 years cash flows SGD61.95
SGX:F13 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD9.25 × (1 + 2.3%) ÷ (8.84% – 2.3%)
SGD144.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD144.83 ÷ (1 + 8.84%)10
SGD62.11
SGX:F13 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD61.95 + SGD62.11
SGD124.06
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD124.06 / 752.99
SGD0.16
SGX:F13 Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.16
Current discount Discount to share price of SGD0.22
= -1 x (SGD0.22 - SGD0.16) / SGD0.16
-33.5%

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

  • The current share price of Fu Yu 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 Fu Yu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fu Yu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:F13 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.02
SGX:F13 Share Price ** SGX (2019-07-17) in SGD SGD0.22
Singapore Machinery Industry PE Ratio Median Figure of 13 Publicly-Listed Machinery Companies 9.16x
Singapore Market PE Ratio Median Figure of 326 Publicly-Listed Companies 13.02x

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

** Primary Listing of Fu Yu.

SGX:F13 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:F13 Share Price ÷ EPS (both in SGD)

= 0.22 ÷ 0.02

12.82x

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

  • Fu Yu is overvalued based on earnings compared to the SG Machinery industry average.
  • Fu Yu is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Fu Yu's expected growth come at a high price?
Raw Data
SGX:F13 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2.9%per year
Singapore Machinery Industry PEG Ratio Median Figure of 5 Publicly-Listed Machinery Companies 0.34x
Singapore Market PEG Ratio Median Figure of 119 Publicly-Listed Companies 1.66x

*Line of best fit is calculated by linear regression .

SGX:F13 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.82x ÷ 2.9%

4.37x

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

  • Fu Yu is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fu Yu's assets?
Raw Data
SGX:F13 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.22
SGX:F13 Share Price * SGX (2019-07-17) in SGD SGD0.22
Singapore Machinery Industry PB Ratio Median Figure of 20 Publicly-Listed Machinery Companies 0.82x
Singapore Market PB Ratio Median Figure of 430 Publicly-Listed Companies 0.72x
SGX:F13 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:F13 Share Price ÷ Book Value per Share (both in SGD)

= 0.22 ÷ 0.22

0.99x

* Primary Listing of Fu Yu.

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

  • Fu Yu is overvalued based on assets compared to the SG Machinery industry average.
X
Value checks
We assess Fu Yu'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 Machinery 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 Machinery industry average (and greater than 0)? (1 check)
  5. Fu Yu 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.

F13 Future Performance

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

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
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fu Yu expected to grow at an attractive rate?
  • Fu Yu's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Fu Yu's earnings growth is positive but not above the Singapore market average.
  • Fu Yu's revenue growth is positive but not above the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:F13 Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:F13 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2.9%
SGX:F13 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.2%
Singapore Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.6%
Singapore Machinery Industry Revenue Growth Rate Market Cap Weighted Average -0.3%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
SGX:F13 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:F13 Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 220 18 13 3
2020-12-31 212 19 13 3
2019-12-31 198 17 12 1
SGX:F13 Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 198 25 13
2018-12-31 198 23 12
2018-09-30 202 18 11
2018-06-30 200 11 8
2018-03-31 197 9 4
2017-12-31 195 6 4
2017-09-30 191 15 8
2017-06-30 189 17 9
2017-03-31 191 17 10
2016-12-31 199 21 11
2016-09-30 200 18 9
2016-06-30 208 24 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fu Yu's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Fu Yu's revenue is expected to grow by 4.2% 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
SGX:F13 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Fu Yu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:F13 Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.02 0.02 0.02 2.00
2020-12-31 0.02 0.02 0.02 3.00
2019-12-31 0.02 0.02 0.02 1.00
SGX:F13 Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.02
2018-12-31 0.02
2018-09-30 0.02
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.01
2016-09-30 0.01
2016-06-30 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.
  • Fu Yu is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fu Yu'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 Singapore market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Singapore 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.
Fu Yu has a total score of 1/6, 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.

F13 Past Performance

  How has Fu Yu 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 Fu Yu's growth in the last year to its industry (Machinery).
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.
  • Fu Yu's year on year earnings growth rate has been positive over the past 5 years.
  • Fu Yu's 1-year earnings growth exceeds its 5-year average (187.6% vs 0.6%)
  • Fu Yu's earnings growth has exceeded the SG Machinery industry average in the past year (187.6% vs 33%).
Earnings and Revenue History
Fu Yu'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 Fu Yu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:F13 Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 198.02 12.93 27.42
2018-12-31 197.69 11.89 27.51
2018-09-30 202.34 11.36 28.01
2018-06-30 200.12 7.78 27.74
2018-03-31 196.60 4.49 27.29
2017-12-31 194.97 4.48 27.09
2017-09-30 190.76 7.65 27.07
2017-06-30 188.60 8.68 27.08
2017-03-31 191.26 10.08 27.62
2016-12-31 198.56 10.54 27.88
2016-09-30 200.33 8.82 26.94
2016-06-30 207.92 11.72 28.92
2016-03-31 216.41 11.02 29.23
2015-12-31 222.47 14.07 29.57
2015-09-30 239.65 15.61 29.66
2015-06-30 248.57 15.12 28.60
2015-03-31 253.07 15.41 28.92
2014-12-31 254.43 9.95 29.19
2014-09-30 252.74 8.57 32.16
2014-06-30 268.67 2.38 32.41
2014-03-31 275.41 4.16 32.06
2013-12-31 283.40 6.64 31.75
2013-09-30 284.87 4.07 30.60
2013-06-30 280.61 5.52 31.72
2013-03-31 298.15 0.46 32.77
2012-12-31 313.17 -4.35 33.10
2012-09-30 314.37 -6.60 31.95

*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.
  • Fu Yu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fu Yu used its assets more efficiently than the SG Machinery industry average last year based on Return on Assets.
  • Fu Yu's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Fu Yu'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 Machinery 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.
Fu Yu has a total score of 4/6, 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.

F13 Health

 How is Fu Yu'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 Fu Yu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fu Yu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fu Yu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fu Yu'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 not covered by short term assets, assets are -9.038668157137E+16x 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 Fu Yu Company Filings, last reported 3 months ago.

SGX:F13 Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 166.60 0.00 85.19
2018-12-31 164.12 0.00 84.37
2018-09-30 163.62 0.00 79.53
2018-06-30 163.86 0.00 76.25
2018-03-31 188.41 0.00 101.40
2017-12-31 185.49 0.00 99.83
2017-09-30 183.21 0.00 97.83
2017-06-30 184.18 0.00 99.68
2017-03-31 190.53 0.00 104.28
2016-12-31 193.18 0.00 109.16
2016-09-30 188.86 0.00 100.48
2016-06-30 189.33 0.00 99.95
2016-03-31 198.91 0.00 108.53
2015-12-31 197.74 0.00 108.02
2015-09-30 193.91 0.00 99.80
2015-06-30 199.03 0.00 99.97
2015-03-31 201.57 0.00 93.92
2014-12-31 195.16 1.36 90.85
2014-09-30 188.27 2.30 85.05
2014-06-30 182.72 2.09 75.27
2014-03-31 180.36 2.53 78.98
2013-12-31 182.50 3.19 78.39
2013-09-30 177.34 3.77 66.95
2013-06-30 181.03 0.00 64.22
2013-03-31 175.53 0.00 51.79
2012-12-31 173.81 1.00 49.99
2012-09-30 173.09 1.45 48.01
  • Fu Yu's level of debt (0%) 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 (1.5% vs 0% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Fu Yu has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fu Yu'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. Fu Yu has a total score of 5/6, 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.

F13 Dividends

 What is Fu Yu'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
7.27%
Current annual income from Fu Yu dividends. Estimated to be 7.64% next year.
If you bought SGD2,000 of Fu Yu shares you are expected to receive SGD145 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?
  • Fu Yu's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.58%).
  • Fu Yu's dividend is above the markets top 25% of dividend payers in Singapore (5.53%).
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
SGX:F13 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 3 Analyst Estimates (S&P Global) See Below
Singapore Machinery Industry Average Dividend Yield Market Cap Weighted Average of 11 Stocks 3.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 278 Stocks 3.8%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

SGX:F13 Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.02 1.00
2020-12-31 0.02 2.00
2019-12-31 0.02 2.00
SGX:F13 Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-04-08 0.016 7.710
2018-11-14 0.016 8.129
2018-04-02 0.015 8.458
2017-12-11 0.015 7.743
2017-08-22 0.015 7.645
2017-04-12 0.015 7.263
2017-02-22 0.015 6.666
2016-11-11 0.015 7.707
2016-08-19 0.015 7.741
2016-04-08 0.015 7.642
2015-11-12 0.005 3.066
2015-08-31 0.005 3.229

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

  • Whilst dividend payments have been stable, Fu Yu has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Fu Yu only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Fu Yu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Fu Yu's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Fu Yu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fu Yu 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.

F13 Management

 What is the CEO of Fu Yu'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
Lien Lee Hew
AGE 62
TENURE AS CEO 3.4 years
CEO Bio

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 the Chief Operating Officer of Fu Yu Corporation Limited since March 22, 2007 and served as its Acting Chief Executive Officer from May 21, 2014 to February 26, 2016. Mr. Hew has been responsible for the overall strategic direction and management of the LCTH Group since 2001. He joined Fu Yu Corporation Limited. in 1984 and served as its Group General Manager since March 2003. Mr. Hew has over 27 years of experience in the plastic injection Moulding industry and has played an instrumental role in the successful listing of LCTH. From July 1997 to November 2002, he served as Assistant General Manager of Fu Yu Corporation Limited. His career started in 1978, when he joined G.E Housewares Pte Ltd and served as an Technician. In 1979, he joined Technomer Moulding Pte Ltd., as a Senior Supervisor. In 1984, Mr. Hew joined FYC (formerly Fu Yu Manufacturing Pte Ltd) and served as its Production Supervisor. He has been an Executive Director of Fu Yu Corporation Limited since March 22, 2007. From 1984 to 2003, he served several positions in FYC including Production and Operations Manager and finally as Group General Manager. Mr. Hew has been a Director of LCTH Corp. Bhd., since June 3, 2004. He served as a Director of Fu Yu's subsidiary in Johor and Malaysia. He served as a Director of CA and Fu Hao manufacturing since 1993. He is a Member of the Singapore Institute of Directors. He holds a Diploma in Electrical Engineering.

CEO Compensation
  • Insufficient data for Lien Lee to compare compensation growth.
  • Insufficient data for Lien Lee to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Fu Yu management team in years:

7.1
Average Tenure
65
Average Age
  • The average tenure for the Fu Yu management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lien Lee Hew

TITLE
CEO, COO & Executive Director
AGE
62
TENURE
3.4 yrs

Heng Yang Ching

TITLE
Co-Founder & Vice Chairman
AGE
68
TENURE
41.5 yrs

Nee Kit Ho

TITLE
Co-Founder & Executive Director
AGE
65
TENURE
41.5 yrs

Wai Tam

TITLE
Co-Founder & Executive Director
AGE
68
TENURE
41.5 yrs

Siew Hee

TITLE
Chief Financial Officer
AGE
48
TENURE
3.1 yrs

Lay Tan

TITLE
Group Human Resource Director
AGE
65
TENURE
10.8 yrs

Kong Fung

TITLE
Company Secretary
TENURE
2.7 yrs

Hui Cheok

TITLE
Company Secretary
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Fu Yu board of directors in years:

18.3
Average Tenure
65
Average Age
  • The average tenure for the Fu Yu board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

John Chen

TITLE
Independent Non Executive Chairman
AGE
65
TENURE
11.7 yrs

Lien Lee Hew

TITLE
CEO, COO & Executive Director
AGE
62
TENURE
12.3 yrs

Heng Yang Ching

TITLE
Co-Founder & Vice Chairman
AGE
68

Nee Kit Ho

TITLE
Co-Founder & Executive Director
AGE
65
TENURE
38.6 yrs

Wai Tam

TITLE
Co-Founder & Executive Director
AGE
68
TENURE
38.6 yrs

Yew Tan

TITLE
Independent Non Executive Director
AGE
62
TENURE
24.2 yrs

Say Tun Foo

TITLE
Independent Non Executive Director
AGE
53
TENURE
11.7 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 (SGD) Value (SGD)
X
Management checks
We assess Fu Yu'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. Fu Yu 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.

F13 News

Simply Wall St News

Is Fu Yu Corporation Limited (SGX:F13) Potentially Undervalued?

If you believe the share price should eventually reach its true value, a low beta could suggest it is unlikely to rapidly do so anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. … If you believe F13 should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

Despite Its High P/E Ratio, Is Fu Yu Corporation Limited (SGX:F13) Still Undervalued?

The formula for price to earnings is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Fu Yu: P/E of 11.59 = SGD0.20 ÷ SGD0.017 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … All else being equal, it's better to pay a low price -- but as Warren Buffett said, 'It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.' How Growth Rates Impact P/E Ratios Earnings growth rates have a big influence on P/E ratios. … The Verdict On Fu Yu's P/E Ratio Fu Yu trades on a P/E ratio of 11.6, which is fairly close to the SG market average of 12.3.

Simply Wall St -

Is Fu Yu's (SGX:F13) Share Price Gain Of 139% Well Earned?

One great example is Fu Yu Corporation Limited (SGX:F13) which saw its share price drive 139% higher over five years. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … This EPS growth is slower than the share price growth of 19% per year, over the same period.

Simply Wall St -

Fu Yu Corporation Limited (SGX:F13): Commentary On Fundamentals

I've been keeping an eye on Fu Yu Corporation Limited (SGX:F13) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe F13 has a lot to offer. … If you're interested in understanding beyond my broad commentary,

Simply Wall St -

Does This Valuation Of Fu Yu Corporation Limited (SGX:F13) Imply Investors Are Overpaying?

by taking the expected future cash flows and discounting them to their present value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

Simply Wall St -

Calculating The Intrinsic Value Of Fu Yu Corporation Limited (SGX:F13)

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Could The Fu Yu Corporation Limited (SGX:F13) Ownership Structure Tell Us Something Useful?

I quite like to see at least a little bit of insider ownership. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about F13

Simply Wall St -

What does Fu Yu Corporation Limited's (SGX:F13) Balance Sheet Tell Us About Its Future?

The direct benefit for Fu Yu Corporation Limited (SGX:F13), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is F13 will have to adhere to stricter debt covenants and have less financial flexibility. … Is F13 right in choosing financial flexibility over lower cost of capital.

Simply Wall St -

Does Fu Yu Corporation Limited (SGX:F13) Have A Particularly Volatile Share Price?

If you're interested in Fu Yu Corporation Limited (SGX:F13), 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 is a widely used metric to measure a stock's exposure to 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 -

Does Fu Yu Corporation Limited (SGX:F13) Create Value For Shareholders?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every SGD1 worth of shareholders' equity, it generated SGD0.074 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

F13 Company Info

Description

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.

Details
Name: Fu Yu Corporation Limited
F13
Exchange: SGX
Founded: 1978
SGD165,658,850
752,994,775
Website: http://www.fuyucorp.com
Address: Fu Yu Corporation Limited
No. 8 Tuas Drive 1,
Singapore,
638675,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX F13 Ordinary Shares Singapore Exchange SG SGD 10. Aug 1995
Number of employees
Current staff
Staff numbers
2,246
Fu Yu employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:40
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/09
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.