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

Fundamentals

Flawless balance sheet with limited growth.

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

2.2%

F13

-0.2%

SG Machinery

-0.6%

SG Market


1 Year Return

32.8%

F13

-13.9%

SG Machinery

3.9%

SG Market

Return vs Industry: F13 exceeded the SG Machinery industry which returned -13.9% over the past year.

Return vs Market: F13 exceeded the SG Market which returned 3.9% over the past year.


Shareholder returns

F13IndustryMarket
7 Day2.2%-0.2%-0.6%
30 Day4.4%7.2%3.1%
90 Day6.8%6.0%3.0%
1 Year44.1%32.8%-12.0%-13.9%8.0%3.9%
3 Year53.2%23.0%15.1%7.5%19.9%7.1%
5 Year224.6%128.2%-32.7%-40.6%11.6%-7.0%

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?

14.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: F13 (SGD0.24) is trading above our estimate of fair value (SGD0.16)

Significantly Below Fair Value: F13 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: F13 is poor value based on its PE Ratio (14.9x) compared to the Machinery industry average (9.2x).

PE vs Market: F13 is poor value based on its PE Ratio (14.9x) compared to the SG market (13.2x).


Price to Earnings Growth Ratio

PEG Ratio: F13 is poor value based on its PEG Ratio (2.7x)


Price to Book Ratio

PB vs Industry: F13 is overvalued based on its PB Ratio (1.1x) 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?

5.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: F13's forecast earnings growth (5.6% per year) is above the savings rate (2.3%).

Earnings vs Market: F13's earnings (5.6% per year) are forecast to grow faster than the SG market (5.5% per year).

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

Revenue vs Market: F13's revenue (4.2% per year) is forecast to grow slower than the SG market (5.4% per year).

High Growth Revenue: F13's revenue (4.2% 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 (8.3%).


Next Steps

Past Performance

How has Fu Yu performed over the past 5 years?

-4.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: F13 has large one-off items impacting its financial results.

Growing Profit Margin: F13's current net profit margins (6.1%) are higher than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: F13's earnings have declined by -4.7% per year over the past 5 years.

Accelerating Growth: F13's earnings growth over the past year (4.6%) exceeds its 5-year average (-4.7% per year).

Earnings vs Industry: F13 earnings growth over the past year (4.6%) underperformed the Machinery industry 4.6%.


Return on Equity

High ROE: F13's Return on Equity (7.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Fu Yu's financial position?


Financial Position Analysis

Short Term Liabilities: F13's short term assets (SGD165.6M) exceeds its short term liabilities (SGD56.6M)

Long Term Liabilities: F13's short term assets (165.6M) exceeds its long term liabilities (5.6M)


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 1.2%.

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: Insufficient data to determine if F13's debt is covered by short term assets.


Next Steps

Dividend

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

6.81%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Fu Yu before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company6.8%marketbottom25%2.5%markettop25%5.5%industryaverage4.4%forecastin3Years7.7%

Current dividend yield vs market & industry

Notable Dividend: F13's dividend (6.81%) is higher than the bottom 25% of dividend payers in the SG market (2.5%).

High Dividend: F13's dividend (6.81%) is in the top 25% of dividend payers in the SG market (5.54%)


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 (101.4%), F13's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: F13's dividends in 3 years are not forecast to be well covered by earnings (98.6% payout ratio).


Next Steps

Management

What is the CEO of Fu Yu's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Lien Lee Hew (62yo)

3.8yrs

Tenure

0

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  ...


Management Age and Tenure

7.4yrs

Average Tenure

65yo

Average Age

Experienced Management: F13's management team is seasoned and experienced (7.4 years average tenure).


Board Age and Tenure

18.6yrs

Average Tenure

65yo

Average Age

Experienced Board: F13's board of directors are seasoned and experienced ( 18.6 years average tenure).


Insider Trading

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.


Management Team

  • Heng Yang Ching (68yo)

    Co-Founder & Vice Chairman

    • Tenure: 0yrs
  • Lay Tan (65yo)

    Group Human Resource Director

    • Tenure: 11.1yrs
  • Nee Kit Ho (65yo)

    Co-Founder & Executive Director

    • Tenure: 38.9yrs
  • Lien Lee Hew (62yo)

    CEO, COO & Executive Director

    • Tenure: 3.8yrs
  • Wai Tam (68yo)

    Co-Founder & Executive Director

    • Tenure: 38.9yrs
  • Siew Hee (48yo)

    Chief Financial Officer

    • Tenure: 3.4yrs
  • Kong Fung

    Company Secretary

    • Tenure: 3yrs
  • Hui Cheok

    Company Secretary

    • Tenure: 1.3yrs

Board Members

  • John Chen (65yo)

    Independent Non Executive Chairman

    • Tenure: 12yrs
  • Heng Yang Ching (68yo)

    Co-Founder & Vice Chairman

    • Tenure: 0yrs
  • Nee Kit Ho (65yo)

    Co-Founder & Executive Director

    • Tenure: 38.9yrs
  • Lien Lee Hew (62yo)

    CEO, COO & Executive Director

    • Tenure: 3.8yrs
  • Yew Tan (62yo)

    Independent Non Executive Director

    • Tenure: 24.5yrs
  • Wai Tam (68yo)

    Co-Founder & Executive Director

    • Tenure: 38.9yrs
  • Say Tun Foo (53yo)

    Independent Non Executive Director

    • Tenure: 12yrs

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$176.954m
  • 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 involv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 12:37
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.