Hong Fok
Market Cap
S$700.2m
Last Updated
2019/10/18 12:37 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.
Snowflake
Fundamentals
Undervalued with acceptable track record.
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
Market Performance
7 Day Return
-1.8%
H30
0.8%
SG Real Estate
0.9%
SG Market
1 Year Return
17.5%
H30
-0.2%
SG Real Estate
0.7%
SG Market
Return vs Industry: H30 exceeded the SG Real Estate industry which returned -0.2% over the past year.
Return vs Market: H30 exceeded the SG Market which returned 0.7% over the past year.
Shareholder returns
| H30 | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 0.8% | 0.9% |
| 30 Day | -1.2% | -1.0% | -1.7% |
| 90 Day | -7.5% | -7.7% | -7.1% |
| 1 Year | 19.3%17.5% | 3.0%-0.2% | 4.7%0.7% |
| 3 Year | 26.1%21.1% | 2.9%-5.4% | 14.9%2.6% |
| 5 Year | 9.3%1.2% | -0.08%-12.2% | 10.0%-8.2% |
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
1 week ago | Simply Wall St
How Much Of Hong Fok Corporation Limited (SGX:H30) Do Insiders Own?1 month ago | Simply Wall St
Is Hong Fok Corporation Limited (SGX:H30) A Volatile Stock?2 months ago | Simply Wall St
Insider Buying: The Hong Fok Corporation Limited (SGX:H30) Joint CEO & Director Just Bought S$172k Worth Of SharesValuation
Is Hong Fok undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: H30 (SGD0.81) is trading below our estimate of fair value (SGD3.61)
Significantly Undervalued: H30 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: H30 is good value based on its PE Ratio (2.9x) compared to the Real Estate industry average (11.1x).
PE vs Market: H30 is good value based on its PE Ratio (2.9x) compared to the SG market (13.5x).
Price to Earnings Growth Ratio
Low 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?
3.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: H30's forecast earnings growth (3.2% per year) is above the savings rate (2.3%).
Earnings vs Market: H30's earnings (3.2% per year) are forecast to grow slower than the SG market (5.5% per year).
High Growth Earnings: H30's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if H30's revenue is forecast to grow faster than the SG market.
High Growth Revenue: Insufficient data to determine if H30's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if H30's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Hong Fok performed over the past 5 years?
4.6%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: H30's earnings have grown by 4.6% per year over the past 5 years.
Accelerating Growth: H30's earnings growth over the past year (4.4%) is below its 5-year average (4.6% per year).
Earnings vs Industry: H30 earnings growth over the past year (4.4%) exceeded the Real Estate industry -22.8%.
Return on Equity
High ROE: H30's Return on Equity (10.8%) is considered low.
Return on Assets
ROA vs Industry: H30 has a higher Return on Assets than the Real Estate industry average last year.
Return on Capital Employed
ROCE Improving: H30's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Hong Fok's financial position?
Financial Position Analysis
Short Term Liabilities: H30's short term assets (SGD251.5M) exceeds its short term liabilities (SGD54.5M)
Long Term Liabilities: H30's short term assets (251.5M) do not cover its long term liabilities (825.5M)
Debt to Equity History and Analysis
Debt Level: H30's debt to equity ratio (32.4%) is considered satisfactory
Reducing Debt: H30's debt to equity ratio has reduced from 44.4% to 32.4% over the past 5 years.
Debt Coverage: H30's debt is not well covered by operating cash flow (10%).
Interest Coverage: H30's interest payments on its debt are not well covered by EBIT (1.9x coverage).
Balance Sheet
Inventory Level: H30 has a high level of physical assets or inventory.
Debt Coverage by Assets: H30's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Hong Fok's current dividend yield, its reliability and sustainability?
1.24%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: H30's dividend (1.24%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (2.51%).
High Dividend: H30's dividend (1.24%) is low compared to the top 25% of dividend payers in the SG market (5.65%).
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
What is the CEO of Hong Fok's salary, the management and board of directors tenure and is there insider trading?
5.8yrs
Average management tenure
CEO
Patrick Cheong (70yo)
5.8yrs
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 ...
Management Age and Tenure
5.8yrs
Average Tenure
65yo
Average Age
Experienced Management: H30's management team is seasoned and experienced (5.8 years average tenure).
Board Age and Tenure
5.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: H30's board of directors are considered experienced (5.5 years average tenure).
Insider Trading
Insider Buying: H30 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 63,000 |
| Max Price | S$0.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 60,000 |
| Max Price | S$0.84 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 104,000 |
| Max Price | S$0.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 199,000 |
| Max Price | S$0.86 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 65,000 |
| Max Price | S$0.82 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 50,000 |
| Max Price | S$0.79 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 70,000 |
| Max Price | S$0.79 |
| Entity | Company |
| Shares | 500,000 |
| Max Price | S$0.92 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 350,000 |
| Max Price | S$0.89 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 170,000 |
| Max Price | S$0.77 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 291,000 |
| Max Price | S$0.72 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 245,000 |
| Max Price | S$0.72 |
| Entity | Company |
| Shares | 2,170,000 |
| Max Price | S$0.75 |
| Entity | Individual |
| Role | Co-Chief Executive Officer Joint Chairman & Joint CEO |
| Shares | 5,000,000 |
| Max Price | S$0.75 |
| Entity | Individual |
| Role | Member of the Board of Directors COO & Executive Director |
| Shares | 651,100 |
| Max Price | S$0.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Joint CEO & Director |
| Shares | 5,000,000 |
| Max Price | S$0.75 |
Ownership Breakdown
Management Team
Patrick Cheong (70yo)
Joint Chairman & Joint CEO
- Tenure: 5.8yrs
Sim Eng Cheong (58yo)
Joint CEO & Director
- Tenure: 29.4yrs
Hooi Kheng Cheong (66yo)
COO & Executive Director
- Tenure: 30.6yrs
Chay Koh
VP of Accounts & Finance and Company Secretary
- Tenure: 0yrs
Puay Kheng Cheong (64yo)
Vice President of Administration & Personnel
- Tenure: 5.3yrs
Jimmy Yeo
Vice President of Marketing
- Tenure: 0yrs
Swee Oi Lo
Company Secretary
- Tenure: 4.8yrs
Board Members
Patrick Cheong (70yo)
Joint Chairman & Joint CEO
- Tenure: 5.8yrs
Sim Eng Cheong (58yo)
Joint CEO & Director
- Tenure: 29.4yrs
Hooi Kheng Cheong (66yo)
COO & Executive Director
- Tenure: 30.6yrs
Adrian Chan (54yo)
Non-Executive Independent Chairman
- Tenure: 0.6yrs
- Compensation: S$85.00k
Steven Lim (63yo)
Non-Executive Director
- Tenure: 5.3yrs
- Compensation: S$87.50k
Yew Hon Chow (68yo)
Lead Independent Director
- Tenure: 5.1yrs
- Compensation: S$95.00k
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$700.230m
- Shares outstanding: 859.18m
- 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 re ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 12:37 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.