Fuxing China Group
Market Cap
S$8.6m
Last Updated
2020/06/01 13:04 UTC
Data Sources
Company Financials
Executive Summary
Fuxing China Group Limited, an investment holding company, manufactures and markets zipper products in the People’s Republic of China.
Snowflake Analysis
Overvalued with worrying balance sheet.
Share Price & News
How has Fuxing China Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AWK's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.1%
AWK
-6.7%
SG Luxury
1.4%
SG Market
1 Year Return
-35.9%
AWK
-9.9%
SG Luxury
-19.9%
SG Market
Return vs Industry: AWK underperformed the SG Luxury industry which returned -9.9% over the past year.
Return vs Market: AWK underperformed the SG Market which returned -19.9% over the past year.
Shareholder returns
| AWK | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.1% | -6.7% | 1.4% |
| 30 Day | 11.1% | -9.3% | -2.7% |
| 90 Day | -38.3% | -9.0% | -15.6% |
| 1 Year | -35.9%-35.9% | -7.9%-9.9% | -16.6%-19.9% |
| 3 Year | -21.9%-21.9% | -5.8%-12.2% | -16.3%-25.4% |
| 5 Year | 88.7%88.7% | -25.1%-32.3% | -12.2%-27.1% |
Price Volatility Vs. Market
How volatile is Fuxing China Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Could The Fuxing China Group Limited (SGX:AWK) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Volatility 101: Should Fuxing China Group (SGX:AWK) Shares Have Dropped 42%?2 months ago | Simply Wall St
Should You Be Pleased About The CEO Pay At Fuxing China Group Limited's (SGX:AWK)Valuation
Is Fuxing China Group undervalued compared to its fair value and its price relative to the market?
0.07x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: AWK (SGD0.5) is trading above our estimate of fair value (SGD0.23)
Significantly Below Fair Value: AWK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AWK is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: AWK is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AWK's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AWK is good value based on its PB Ratio (0.1x) compared to the SG Luxury industry average (0.7x).
Next Steps
Future Growth
How is Fuxing China Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
22.4%
Forecasted Consumer Durables industry annual growth in earnings
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 SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of AWK’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Fuxing China Group competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Fuxing China Group performed over the past 5 years?
4.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AWK is currently unprofitable.
Growing Profit Margin: AWK is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AWK is unprofitable, but has reduced losses over the past 5 years at a rate of 4.7% per year.
Accelerating Growth: Unable to compare AWK's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AWK is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (1.5%).
Return on Equity
High ROE: AWK has a negative Return on Equity (-6.24%), as it is currently unprofitable.
Next Steps
Financial Health
How is Fuxing China Group's financial position?
Financial Position Analysis
Short Term Liabilities: AWK's short term assets (CN¥456.0M) do not cover its short term liabilities (CN¥576.2M).
Long Term Liabilities: AWK's short term assets (CN¥456.0M) exceed its long term liabilities (CN¥22.5M).
Debt to Equity History and Analysis
Debt Level: AWK's debt to equity ratio (64.1%) is considered high.
Reducing Debt: AWK's debt to equity ratio has increased from 52.6% to 64.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if AWK has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AWK has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Fuxing China Group's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AWK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AWK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AWK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AWK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: AWK is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AWK's dividend in 3 years as they are not forecast to pay a notable one for the SG market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.4yrs
Average management tenure
CEO
Qing Liang Hong (58yo)
13.5yrs
Tenure
CN¥213,000
Compensation
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, operat ...
CEO Compensation Analysis
Compensation vs Market: Qing Liang's total compensation ($USD150.70K) is below average for companies of similar size in the SG market ($USD361.98K).
Compensation vs Earnings: Qing Liang's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.5yrs | CN¥213.00k | 58.52% CN¥5.0m | |
| Director of Administration & Executive Director | 13.5yrs | CN¥28.00k | 2.16% CN¥186.0k | |
| Chief Financial Officer | 8.42yrs | no data | no data | |
| Chief of Operations | 1.25yrs | CN¥28.00k | no data | |
| Sales & Marketing Manager | no data | no data | no data | |
| Human Resource Manager | no data | no data | no data | |
| Company Secretary | 0.83yr | no data | no data | |
| Executive Officer | 9.08yrs | no data | no data |
8.4yrs
Average Tenure
56yo
Average Age
Experienced Management: AWK's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 13.5yrs | CN¥213.00k | 58.52% CN¥5.0m | |
| Director of Administration & Executive Director | 13.5yrs | CN¥28.00k | 2.16% CN¥186.0k | |
| Lead Independent Director | 6.08yrs | CN¥38.00k | no data | |
| Non-Executive Independent Director | 12.83yrs | CN¥21.00k | no data | |
| Independent Director | 6.08yrs | CN¥35.00k | no data |
10.4yrs
Average Tenure
58yo
Average Age
Experienced Board: AWK's board of directors are seasoned and experienced ( 10.3 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Fuxing China Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Fuxing China Group Limited
- Ticker: AWK
- Exchange: SGX
- Founded: 1993
- Industry: Textiles
- Sector: Consumer Durables
- Market Cap: S$8.603m
- Shares outstanding: 17.21m
- Website: https://null
Location
- Fuxing China Group Limited
- Hangbian Industrial Area
- Longhu Town
- Jinjiang
- Fujian Province
- 362241
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AWK | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Sep 2007 |
| 3FU1 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 2007 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/01 13:04 |
| End of Day Share Price | 2020/05/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.