Hong Fok
Market Cap
S$562.4m
Last Updated
2020/04/08 12:43 UTC
Data Sources
Company Financials
Executive Summary
Hong Fok Corporation Limited, an investment holding company, primarily engages in the investment, construction, development, and management of properties in Singapore and Hong Kong.
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Similar Companies
Share Price & News
How has Hong Fok's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: H30's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
8.2%
H30
4.4%
SG Real Estate
3.4%
SG Market
1 Year Return
-29.0%
H30
-29.5%
SG Real Estate
-23.9%
SG Market
Return vs Industry: H30 matched the SG Real Estate industry which returned -34.1% over the past year.
Return vs Market: H30 underperformed the SG Market which returned -29% over the past year.
Shareholder returns
| H30 | Industry | Market | |
|---|---|---|---|
| 7 Day | 8.2% | 4.4% | 3.4% |
| 30 Day | -2.2% | -16.4% | -15.0% |
| 90 Day | -17.0% | -25.1% | -22.3% |
| 1 Year | -28.0%-29.0% | -26.9%-29.5% | -20.7%-23.9% |
| 3 Year | -15.2%-18.5% | -29.5%-35.6% | -15.6%-24.6% |
| 5 Year | -18.7%-24.8% | -27.6%-37.3% | -15.7%-30.1% |
Price Volatility Vs. Market
How volatile is Hong Fok's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
We're Not Counting On Hong Fok (SGX:H30) To Sustain Its Statutory Profitability3 weeks ago | Simply Wall St
What Is Hong Fok's (SGX:H30) P/E Ratio After Its Share Price Tanked?3 weeks ago | Simply Wall St
The Joint CEO & Director of Hong Fok Corporation Limited (SGX:H30), Sim Eng Cheong, Just Bought 0.1% More SharesValuation
Is Hong Fok undervalued compared to its fair value and its price relative to the market?
4.02x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: H30 (SGD0.62) is trading above our estimate of fair value (SGD0.31)
Significantly Below Fair Value: H30 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: H30 is good value based on its PE Ratio (3.7x) compared to the Real Estate industry average (9.8x).
PE vs Market: H30 is good value based on its PE Ratio (3.7x) compared to the SG market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate H30's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: H30 is good value based on its PB Ratio (0.3x) compared to the SG Real Estate industry average (0.4x).
Next Steps
Future Growth
How is Hong Fok forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
8.5%
Forecasted Real Estate 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 Hong Fok 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
- Examine whether Hong Fok is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Hong Fok competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Real Estate industry.
Past Performance
How has Hong Fok performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: H30 has a large one-off gain of SGD106.7M impacting its December 31 2019 financial results.
Growing Profit Margin: H30's current net profit margins (99.4%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: H30's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: H30's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: H30 had negative earnings growth (-40.4%) over the past year, making it difficult to compare to the Real Estate industry average (-30.5%).
Return on Equity
High ROE: H30's Return on Equity (4.4%) is considered low.
Next Steps
Financial Health
How is Hong Fok's financial position?
Financial Position Analysis
Short Term Liabilities: H30's short term assets (SGD225.9M) exceed its short term liabilities (SGD61.0M).
Long Term Liabilities: H30's short term assets (SGD225.9M) do not cover its long term liabilities (SGD793.2M).
Debt to Equity History and Analysis
Debt Level: H30's debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: H30's debt to equity ratio has reduced from 41.1% to 29.9% over the past 5 years.
Debt Coverage: H30's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: H30's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Hong Fok's current dividend yield, its reliability and sustainability?
1.52%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: H30's dividend (1.63%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (3.28%).
High Dividend: H30's dividend (1.63%) is low compared to the top 25% of dividend payers in the SG market (7.14%).
Stability and Growth of Payments
Stable Dividend: H30 is not paying a notable dividend for the SG market, therefore no need to check if payments are stable.
Growing Dividend: H30 is not paying a notable dividend for the SG market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: H30 is not paying a notable dividend for the SG market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of H30'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?
6.3yrs
Average management tenure
CEO
Patrick Cheong (70yo)
6.25s
Tenure
Mr. Pin Chuan Cheong, also known as Patrick, served as Joint Chairman and Joint Managing Director of Winfoong International Ltd. from June 23, 2014 to November 27, 2015. Mr. Cheong has been Joint Chairman ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint Chairman & Joint CEO | 6.25yrs | no data | 2.54% SGD14.3m | |
| Joint CEO & Director | 29.92yrs | no data | 13.57% SGD76.3m | |
| VP of Accounts & Finance and Company Secretary | no data | no data | no data | |
| COO & Executive Director | 31.08yrs | no data | 1.74% SGD9.8m | |
| Vice President of Administration & Personnel | 5.83yrs | no data | 0.89% SGD5.0m | |
| Vice President of Marketing | no data | no data | no data | |
| Company Secretary | 5.33yrs | no data | no data |
6.3yrs
Average Tenure
65yo
Average Age
Experienced Management: H30's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint Chairman & Joint CEO | 6.25yrs | no data | 2.54% SGD14.3m | |
| Joint CEO & Director | 29.92yrs | no data | 13.57% SGD76.3m | |
| COO & Executive Director | 31.08yrs | no data | 1.74% SGD9.8m | |
| Non-Executive Independent Chairman | 1.08yrs | S$85.00k | no data | |
| Non-Executive Director | 5.75yrs | S$87.50k | no data | |
| Lead Independent Director | 5.58yrs | S$95.00k | no data |
6.0yrs
Average Tenure
64.5yo
Average Age
Experienced Board: H30's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: H30 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
Hong Fok Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hong Fok Corporation Limited
- Ticker: H30
- Exchange: SGX
- Founded: 1967
- Industry: Real Estate Development
- Sector: Real Estate
- Market Cap: S$562.416m
- Shares outstanding: 852.15m
- Website: https://www.hongfok.com.sg
Location
- Hong Fok Corporation Limited
- The Concourse
- No. 41-00, 300 Beach Road
- Singapore
- 199555
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| H30 | SGX (Singapore Exchange) | Yes | Ordinary Shares | SG | SGD | Jan 1992 |
| H8V | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
Biography
Hong Fok Corporation Limited, an investment holding company, primarily engages in the investment, construction, development, and management of properties in Singapore and Hong Kong. The company develops residential and other properties; invests in office, shop, restaurant, retail, residential, and commercial properties; and provides property maintenance services. It also offers investment trading and investment management services. The company was incorporated in 1967 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/08 12:43 |
| End of Day Share Price | 2020/04/08 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.