Hong Fok
Market Cap
S$599.7m
Last Updated
2021/01/19 11:12 UTC
Data Sources
Company Financials
Executive Summary
Hong Fok Corporation Limited, an investment holding company, engages in the investment, construction, development, and management of properties in Singapore and Hong Kong. More Details
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 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: H30's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
H30
2.3%
SG Real Estate
1.0%
SG Market
1 Year Return
-12.3%
H30
-16.7%
SG Real Estate
-11.2%
SG Market
Return vs Industry: H30 exceeded the SG Real Estate industry which returned -16.7% over the past year.
Return vs Market: H30 underperformed the SG Market which returned -11.2% over the past year.
Shareholder returns
| H30 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | 2.3% | 1.0% |
| 30 Day | -3.4% | 3.7% | 5.2% |
| 90 Day | 3.7% | 13.5% | 17.0% |
| 1 Year | -11.0%-12.3% | -13.6%-16.7% | -6.5%-11.2% |
| 3 Year | -16.8%-20.2% | -22.1%-29.1% | -10.4%-21.3% |
| 5 Year | 26.9%18.3% | 10.2%-5.0% | 26.8%3.4% |
Long-Term 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
4 days ago | Simply Wall St
Hong Fok Corporation Limited (SGX:H30) Insiders Increased Their Holdings3 weeks ago | Simply Wall St
Hong Fok (SGX:H30) Has A Somewhat Strained Balance Sheet1 month ago | Simply Wall St
What Kind Of Investors Own Most Of Hong Fok Corporation Limited (SGX:H30)?Valuation
Is Hong Fok undervalued compared to its fair value and its price relative to the market?
4.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: H30 (SGD0.71) is trading above our estimate of fair value (SGD0.25)
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 (4.4x) compared to the SG Real Estate industry average (12.7x).
PE vs Market: H30 is good value based on its PE Ratio (4.4x) compared to the SG market (15x).
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 (0.5x).
Next Steps
Future Growth
How is Hong Fok forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
29.1%
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?
9.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: H30 has a large one-off gain of SGD101.4M impacting its June 30 2020 financial results.
Growing Profit Margin: H30's current net profit margins (99.5%) are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: H30's earnings have grown by 9.1% 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 (-43%) over the past year, making it difficult to compare to the Real Estate industry average (-25.5%).
Return on Equity
High ROE: H30's Return on Equity (4.2%) 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 (SGD252.5M) exceed its short term liabilities (SGD92.7M).
Long Term Liabilities: H30's short term assets (SGD252.5M) do not cover its long term liabilities (SGD791.9M).
Debt to Equity History and Analysis
Debt Level: H30's debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: H30's debt to equity ratio has reduced from 41.6% to 31.3% over the past 5 years.
Debt Coverage: H30's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: H30's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Hong Fok current dividend yield, its reliability and sustainability?
1.41%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: H30's dividend (1.41%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.14%).
High Dividend: H30's dividend (1.41%) is low compared to the top 25% of dividend payers in the SG market (5.01%).
Stability and Growth of Payments
Stable Dividend: H30 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: H30's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (6.2%), H30's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.0yrs
Average management tenure
CEO
Patrick Cheong (71 yo)
7yrs
Tenure
Mr. Pin Chuan Cheong, also known as Patrick, has been Joint Chief Executive Officer of Hong Fok Corporation Ltd. since January 31, 2014. Mr. Cheong served as Joint Chairman and Joint Managing Director of W...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint CEO & Executive Director | 7yrs | no data | 2.7% SGD 16.2m | |
| Joint CEO & Executive Director | 30.67yrs | no data | 13.74% SGD 82.4m | |
| VP of Accounts & Finance and Company Secretary | no data | no data | no data | |
| COO & Executive Director | 31.83yrs | no data | 1.76% SGD 10.5m | |
| Vice President of Administration & Personnel | 6.58yrs | no data | 0.90% SGD 5.4m | |
| Vice President of Marketing | no data | no data | no data | |
| Company Secretary | 6.08yrs | no data | no data |
7.0yrs
Average Tenure
66yo
Average Age
Experienced Management: H30's management team is seasoned and experienced (7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint CEO & Executive Director | 7yrs | no data | 2.7% SGD 16.2m | |
| Joint CEO & Executive Director | 30.67yrs | no data | 13.74% SGD 82.4m | |
| COO & Executive Director | 31.83yrs | no data | 1.76% SGD 10.5m | |
| Non-Executive Independent Chairman | no data | S$124.50k | no data | |
| Non-Executive Independent Director | 6.5yrs | S$92.00k | no data | |
| Lead Independent Director | 6.33yrs | S$99.50k | no data |
30.7yrs
Average Tenure
65.5yo
Average Age
Experienced Board: H30's board of directors are seasoned and experienced ( 30.7 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 been diluted in the past year, with total shares outstanding growing by 23.9%.
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$599.719m
- Shares outstanding: 844.67m
- 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, engages in the investment, construction, development, and management of properties in Singapore and Hong Kong. The company develops residential ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 11:12 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/06/30 |
| 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.