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Fuxing China Group

SGX:AWK
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AWK
SGX
SGD13M
Market Cap
  1. Home
  2. SG
  3. Consumer Durables
Company description

Fuxing China Group Limited, an investment holding company, manufactures and markets zipper products in the People’s Republic of China. The last earnings update was 13 days ago. More info.


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AWK Share Price and Events
7 Day Returns
0%
SGX:AWK
-0.7%
Asia Luxury
-1.1%
SG Market
1 Year Returns
-23.5%
SGX:AWK
-9.7%
Asia Luxury
-9.4%
SG Market
AWK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fuxing China Group (AWK) 0% 0% 6.8% -23.5% 151.6% -48%
Asia Luxury -0.7% -5.7% 2.3% -9.7% 27.5% 23%
SG Market -1.1% -4.5% -3% -9.4% 9.7% -8%
1 Year Return vs Industry and Market
  • AWK underperformed the Luxury industry which returned -9.7% over the past year.
  • AWK underperformed the Market in Singapore which returned -9.4% over the past year.
Price Volatility
AWK
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fuxing China Group's competitors could be found in our database.

AWK Value

 Is Fuxing China Group 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 Fuxing China Group 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 Fuxing China Group.

SGX:AWK 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 14.2%
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:AWK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 25%) (547.63%))
2.793
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (2 * 5.96%)
14.22%

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

The calculations below outline how an intrinsic value for Fuxing China Group 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:AWK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 14.22%)
2019 68.90 Est @ 51.12% 60.32
2020 94.03 Est @ 36.47% 72.07
2021 118.69 Est @ 26.22% 79.64
2022 141.29 Est @ 19.05% 83.00
2023 161.11 Est @ 14.02% 82.86
2024 178.03 Est @ 10.51% 80.16
2025 192.36 Est @ 8.05% 75.83
2026 204.52 Est @ 6.32% 70.58
2027 214.99 Est @ 5.12% 64.96
2028 224.17 Est @ 4.27% 59.30
Present value of next 10 years cash flows CN¥728.73
SGX:AWK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥224.17 × (1 + 2.3%) ÷ (14.22% – 2.3%)
CN¥1,923.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥1,923.95 ÷ (1 + 14.22%)10
CN¥508.93
SGX:AWK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥728.73 + CN¥508.93
CN¥1,237.66
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥1,237.66 / 17.21
CN¥71.93
SGX:AWK Discount to Share Price
Calculation Result
Exchange Rate CNY/SGD
(Reporting currency to currency of SGX:AWK)
0.2
Value per Share
(SGD)
= Value per Share in CNY x Exchange Rate (CNY/SGD)
= CN¥71.93 x 0.2
SGD14.35
Value per share (SGD) From above. SGD14.35
Current discount Discount to share price of SGD0.78
= -1 x (SGD0.78 - SGD14.35) / SGD14.35
94.6%

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

Current Discount
Amount off the current price Fuxing China Group is available for.
Intrinsic value
>50%
Share price is SGD0.78 vs Future cash flow value of SGD14.35
Current Discount Checks
For Fuxing China Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fuxing China Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fuxing China Group'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 Fuxing China Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fuxing China Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:AWK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥1.36
SGX:AWK Share Price ** SGX (2019-05-21) in SGD SGD0.78
SGX:AWK Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 5.012 CN¥3.91
Asia Luxury Industry PE Ratio Median Figure of 320 Publicly-Listed Luxury Companies 11.2x
Singapore Market PE Ratio Median Figure of 322 Publicly-Listed Companies 12.49x

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

** Primary Listing of Fuxing China Group.

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

= SGX:AWK Share Price ÷ EPS (both in CNY)

= 3.91 ÷ 1.36

2.88x

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

  • Fuxing China Group is good value based on earnings compared to the Asia Luxury industry average.
  • Fuxing China Group is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Fuxing China Group's expected growth come at a high price?
Raw Data
SGX:AWK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Luxury Industry PEG Ratio Median Figure of 46 Publicly-Listed Luxury Companies 0.91x
Singapore Market PEG Ratio Median Figure of 120 Publicly-Listed Companies 1.55x

*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 Fuxing China Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fuxing China Group's assets?
Raw Data
SGX:AWK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥38.62
SGX:AWK Share Price * SGX (2019-05-21) in SGD SGD0.78
SGX:AWK Share Price converted to CNY reporting currency Exchange rate (SGD/ CNY) 5.012 CN¥3.91
Asia Luxury Industry PB Ratio Median Figure of 437 Publicly-Listed Luxury Companies 0.77x
Singapore Market PB Ratio Median Figure of 432 Publicly-Listed Companies 0.71x
SGX:AWK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:AWK Share Price ÷ Book Value per Share (both in CNY)

= 3.91 ÷ 38.62

0.1x

* Primary Listing of Fuxing China Group.

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

  • Fuxing China Group is good value based on assets compared to the Asia Luxury industry average.
X
Value checks
We assess Fuxing China Group'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 Luxury 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 Luxury industry average (and greater than 0)? (1 check)
  5. Fuxing China Group has a total score of 5/6, 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.

AWK Future Performance

 How is Fuxing China Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Fuxing China Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
16.4%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fuxing China Group expected to grow at an attractive rate?
  • Unable to compare Fuxing China Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Fuxing China Group's earnings growth to the Singapore market average as no estimate data is available.
  • Unable to compare Fuxing China Group's revenue growth to the Singapore market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SGX:AWK Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Luxury Industry Earnings Growth Rate Market Cap Weighted Average 16.4%
Asia Luxury Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.7%
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:AWK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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.
SGX:AWK Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 896 68 23
2018-12-31 901 6 7
2018-09-30 936 16 4
2018-06-30 906 -45 -12
2018-03-31 922 -54 4
2017-12-31 922 -15 16
2017-09-30 901 28 -57
2017-06-30 905 26 -50
2017-03-31 869 -3 -67
2016-12-31 832 15 -70
2016-09-30 803 60 -13
2016-06-30 764 100 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Fuxing China Group is high growth as no earnings estimate data is available.
  • Unable to determine if Fuxing China Group 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
SGX:AWK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Fuxing China Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AWK Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 1.36
2018-12-31 0.41
2018-09-30 0.22
2018-06-30 -0.68
2018-03-31 0.25
2017-12-31 0.94
2017-09-30 -3.31
2017-06-30 -2.89
2017-03-31 -3.92
2016-12-31 -4.09
2016-09-30 -0.77
2016-06-30 -1.06

*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 Fuxing China Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Fuxing China Group is trading at Fuxing China Group'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Fuxing China Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Fuxing China Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Fuxing China Group'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Fuxing China Group has a total score of 0/6, 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.

AWK Past Performance

  How has Fuxing China Group 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 Fuxing China Group's growth in the last year to its industry (Luxury).
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.
  • Fuxing China Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Fuxing China Group's 1-year earnings growth exceeds its 5-year average (443.4% vs 55.7%)
  • Fuxing China Group's earnings growth has exceeded the Asia Luxury industry average in the past year (443.4% vs 10%).
Earnings and Revenue History
Fuxing China Group'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 Fuxing China Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:AWK Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 895.94 23.34 46.33
2018-12-31 900.95 6.99 53.83
2018-09-30 936.34 3.71 52.56
2018-06-30 906.23 -11.64 54.13
2018-03-31 921.98 4.30 45.25
2017-12-31 921.67 16.21 39.67
2017-09-30 901.24 -56.93 64.71
2017-06-30 905.50 -49.74 75.41
2017-03-31 868.92 -67.47 81.93
2016-12-31 832.35 -70.44 84.12
2016-09-30 802.90 -13.19 73.03
2016-06-30 763.88 -18.29 69.47
2016-03-31 736.36 -18.86 66.42
2015-12-31 702.09 -17.23 66.45
2015-09-30 713.75 3.89 49.56
2015-06-30 696.81 7.37 50.34
2015-03-31 694.19 9.23 53.30
2014-12-31 649.09 10.14 53.38
2014-09-30 595.56 -179.98 60.77
2014-06-30 595.90 -204.15 66.86
2014-03-31 583.08 -219.32 74.07
2013-12-31 617.21 -224.11 78.02
2013-09-30 614.16 -188.54 106.93
2013-06-30 601.08 -184.74 115.36
2013-03-31 592.01 -178.07 116.83
2012-12-31 568.69 -173.28 115.54
2012-09-30 574.34 -66.35 104.24
2012-06-30 585.74 -52.92 100.85

*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.
  • Fuxing China Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fuxing China Group used its assets less efficiently than the Asia Luxury industry average last year based on Return on Assets.
  • Fuxing China Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Fuxing China Group'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 Luxury 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.
Fuxing China Group 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.

AWK Health

 How is Fuxing China Group'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 Fuxing China Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fuxing China Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fuxing China Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fuxing China Group'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 covered by short term assets, assets are 1.4x 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 Fuxing China Group Company Filings, last reported 1 month ago.

SGX:AWK Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 664.69 368.32 60.43
2018-12-31 663.82 305.40 23.75
2018-09-30 653.77 310.40 39.39
2018-06-30 641.14 410.98 91.49
2018-03-31 647.59 412.59 103.98
2017-12-31 661.18 440.47 166.55
2017-09-30 653.34 446.29 214.43
2017-06-30 649.73 436.82 222.78
2017-03-31 633.12 465.56 224.66
2016-12-31 637.93 505.33 248.80
2016-09-30 709.03 455.18 256.86
2016-06-30 701.21 458.31 333.24
2016-03-31 707.46 468.86 387.56
2015-12-31 715.49 444.60 328.64
2015-09-30 727.36 399.93 264.51
2015-06-30 728.10 465.82 297.54
2015-03-31 731.73 458.94 281.86
2014-12-31 739.12 388.12 285.66
2014-09-30 727.20 338.29 278.52
2014-06-30 720.04 324.37 244.59
2014-03-31 722.36 326.09 252.48
2013-12-31 730.04 292.47 253.02
2013-09-30 908.58 357.85 237.39
2013-06-30 925.14 307.81 251.41
2013-03-31 940.32 216.62 225.30
2012-12-31 950.72 227.73 185.33
2012-09-30 1,092.71 192.04 167.13
2012-06-30 1,105.32 114.87 101.72
  • Fuxing China Group's level of debt (55.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45.1% vs 55.4% today).
  • Debt is not well covered by operating cash flow (18.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fuxing China Group'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. Fuxing China Group has a total score of 1/6, 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.

AWK Dividends

 What is Fuxing China Group'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
0%
Current annual income from Fuxing China Group dividends.
If you bought SGD2,000 of Fuxing China Group shares you are expected to receive SGD0 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?
  • Unable to evaluate Fuxing China Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fuxing China Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:AWK 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
Asia Luxury Industry Average Dividend Yield Market Cap Weighted Average of 165 Stocks 2.2%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 276 Stocks 4%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.6%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.5%
Singapore 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.

SGX:AWK Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2013-04-17 0.000 0.000
2013-02-28 0.000 0.000
2012-11-16 0.000 0.000
2012-08-14 0.000 0.000
2012-05-14 0.000 0.000
2012-04-13 0.000 0.000
2012-02-29 0.000 0.000
2011-11-14 0.200 1.323
2011-08-11 0.970 4.544
2011-04-13 2.000 5.922
2011-03-01 2.000 4.949
2010-11-09 2.000 4.504
2010-08-10 2.000 4.939
2010-05-03 2.000 6.110
2010-04-15 1.000 2.775
2010-03-01 1.000 3.065
2009-11-09 0.000 0.000
2009-08-11 0.000 0.000

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

  • Unable to perform a dividend volatility check as Fuxing China Group has not reported any payouts.
  • Unable to verify if Fuxing China Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fuxing China Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fuxing China Group has not reported any payouts.
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 Fuxing China Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - 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 Fuxing China Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fuxing China Group has a total score of 0/6, see the detailed checks below.


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

AWK Management

 What is the CEO of Fuxing China Group'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
Qing Liang Hong
COMPENSATION CN¥229,000
AGE 57
TENURE AS CEO 12.4 years
CEO Bio

Mr. Hong Qing Liang co-founded Fuxing China Group Limited in 1992 and has been its Chief Executive Officer since December 19, 2006. Mr. Hong has played an instrumental role in managing the business, operations and strategic directions of Fuxing. His responsibilities include formulating and executing Fuxing’s business strategies and policies. He possesses substantial experience and knowledge of the zipper industry having been involved with the zipper business for over 20 years. Prior to this, he was running his own zipper trading business. He has been the Executive Chairman of the Board at Fuxing China Group Ltd. since 2010 and has been its Director since December 19, 2006. In 2003, he was also appointed the Vice Chairman of the Foreign Investment Enterprise Association of Long Hu Town, Jinjiang City, Vice Chairman of Chamber of Commerce of Long Hu Town, Jinjiang City and Chairman of the Zipper Hardware Industry Association of Long Hu Town, Jinjiang City. In 2000, Mr. Hong was awarded as the Honorable Chairman of Zipper Industry Association of Fujian Province.

CEO Compensation
  • Qing Liang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Qing Liang's remuneration is lower than average for companies of similar size in Singapore.
Management Team Tenure

Average tenure and age of the Fuxing China Group management team in years:

7.3
Average Tenure
55
Average Age
  • The average tenure for the Fuxing China Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Qing Liang Hong

TITLE
Co-Founder
COMPENSATION
CN¥229K
AGE
57
TENURE
12.4 yrs

Shui Ku Hong

TITLE
Chief of Operations
COMPENSATION
CN¥30K
AGE
55
TENURE
0.2 yrs

Peng You Hong

TITLE
Director of Administration & Executive Director
COMPENSATION
CN¥30K
AGE
49

James Ma

TITLE
Chief Financial Officer
AGE
42
TENURE
7.3 yrs

Ning Juan Zhang

TITLE
Sales & Marketing Manager

Zhen Min Lei

TITLE
Human Resource Manager

Victor Lai

TITLE
Company Secretary
TENURE
3.3 yrs

Qingke Hong

TITLE
Executive Officer
AGE
58
TENURE
8 yrs
Board of Directors Tenure

Average tenure and age of the Fuxing China Group board of directors in years:

9.3
Average Tenure
57
Average Age
  • The tenure for the Fuxing China Group board of directors is about average.
Board of Directors

Qing Liang Hong

TITLE
Co-Founder
COMPENSATION
CN¥229K
AGE
57
TENURE
9.3 yrs

Peng You Hong

TITLE
Director of Administration & Executive Director
COMPENSATION
CN¥30K
AGE
49
TENURE
12.4 yrs

Qing Yuan Qiu

TITLE
Non-Executive Independent Director
COMPENSATION
CN¥23K
AGE
50
TENURE
11.8 yrs

Kah Leong Ho

TITLE
Lead Independent Director
COMPENSATION
CN¥41K
AGE
81
TENURE
5 yrs

Cheng Kee Lim

TITLE
Independent Director
COMPENSATION
CN¥38K
AGE
68
TENURE
5 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 (SGD) Value (SGD)
25. Oct 18 Buy Peng You Hong Individual 23. Oct 18 23. Oct 18 172,000 SGD0.73 SGD126,420
13. Aug 18 Buy CIM Investment Management Limited Company 10. Aug 18 10. Aug 18 13,800 SGD1.02 SGD14,076
X
Management checks
We assess Fuxing China Group'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. Fuxing China Group 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.

AWK News

Simply Wall St News

Is Fuxing China Group Limited (SGX:AWK) A Financially Sound Company?

Fuxing China Group Limited (SGX:AWK) is a small-cap stock with a market capitalization of S$13m. … 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. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Are Insiders Buying Fuxing China Group Limited (SGX:AWK) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Fuxing China Group Limited (SGX:AWK). … Fuxing China Group Insider Transactions Over The Last Year. … Happily, the Fuxing China Group insider decided to buy shares at close to current prices

Simply Wall St -

Should Fuxing China Group Limited’s (SGX:AWK) Weak Investment Returns Worry You?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

What Kind Of Investor Owns Most Of Fuxing China Group Limited (SGX:AWK)?

A look at the shareholders of Fuxing China Group Limited (SGX:AWK) can tell us which group is most powerful. … With a market capitalization of S$13m, Fuxing China Group is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Fuxing China Group

Simply Wall St -

Does Fuxing China Group Limited (SGX:AWK) Have A High Beta?

If you're interested in Fuxing China Group Limited (SGX:AWK), 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 can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Investors Should Know About Fuxing China Group Limited's (SGX:AWK) Financial Strength

While small-cap stocks, such as Fuxing China Group Limited (SGX:AWK) with its market cap of S$12m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.

Simply Wall St -

What Kind Of Shareholder Owns Most Fuxing China Group Limited (SGX:AWK) Stock?

Every investor in Fuxing China Group Limited (SGX:AWK) should be aware of the most powerful shareholder groups. … With a market capitalization of S$12m, Fuxing China Group is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Fuxing China Group

Simply Wall St -

Is Fuxing China Group Limited's (SGX:AWK) CEO Salary Justified?

Qing Liang Hong has been the CEO of Fuxing China Group Limited (SGX:AWK) since 2006. … How Does Qing Liang Hong's Compensation Compare With Similar Sized Companies. … Our data indicates that Fuxing China Group Limited is worth S$13m, and total annual CEO compensation is CN¥229k.

Simply Wall St -

Fuxing China Group Limited (SGX:AWK): What Does It Mean For Your Portfolio?

The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk. … The most widely used metric to quantify a stock's market risk is beta, and the market as a whole represents a beta of one.

Simply Wall St -

Who Are The Largest Shareholders In Fuxing China Group Limited (SGX:AWK)?

In this analysis, my focus will be on developing a perspective on Fuxing China Group Limited’s (SGX:AWK) latest ownership structure, a less discussed, but important factor. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … See our latest analysis for Fuxing China Group

Simply Wall St -

AWK Company Info

Description

Fuxing China Group Limited, an investment holding company, manufactures and markets zipper products in the People’s Republic of China. The company operates through Zippers, Processing, and Trading segments. It offers zipper chains and sliders; provides processing services, such as color dyeing of fabric tapes for zippers, and electroplating services for zipper sliders; manufactures and sells dyed yarns; and trades in raw materials, including rubber threads, nylon fabrics, and nylon yarn. The company is also involved in the real estate development activities. Fuxing China Group Limited sells its zipper products primarily to manufacturers of apparels, shoes, bags, and camping equipment. The company also exports its zipper products to Australia, the European Union, Russia, Turkey, Korea, Thailand, Vietnam, Indonesia, and other countries. Fuxing China Group Limited was founded in 1993 and is headquartered in Jinjiang, the People’s Republic of China.

Details
Name: Fuxing China Group Limited
AWK
Exchange: SGX
Founded: 1993
SGD13,420,241
17,205,438
Website: http://
Address: Fuxing China Group Limited
Hangbian Industrial Area,
Longhu Town,
Jinjiang,
Fujian Province, 362241,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX AWK Ordinary Shares Singapore Exchange SG SGD 24. Sep 2007
DB 3FU1 Ordinary Shares Deutsche Boerse AG DE EUR 24. Sep 2007
Number of employees
Current staff
Staff numbers
0
Fuxing China Group employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 12:47
End of day share price update: 2019/05/21 00:00
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.