SGX:H30

Stock Analysis Report

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Market Cap

S$688.4m

Last Updated

2021/08/04 15:34 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


Snowflake Analysis

Mediocre balance sheet and overvalued.


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 not significantly more volatile than the rest 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

1.2%

H30

-0.4%

SG Real Estate

0.2%

SG Market


1 Year Return

20.7%

H30

18.8%

SG Real Estate

21.0%

SG Market

Return vs Industry: H30 exceeded the SG Real Estate industry which returned 18.8% over the past year.

Return vs Market: H30 matched the SG Market which returned 21% over the past year.


Shareholder returns

H30IndustryMarket
7 Day1.2%-0.4%0.2%
30 Day-4.1%0.9%-0.2%
90 Day-4.7%0.9%-0.4%
1 Year22.2%20.7%22.1%18.8%25.6%21.0%
3 Year18.9%14.0%-5.9%-14.3%3.8%-8.7%
5 Year29.1%20.7%6.0%-8.5%24.8%2.0%

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

Valuation

Is Hong Fok undervalued compared to its fair value and its price relative to the market?

0.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: H30 (SGD0.82) is trading above our estimate of fair value (SGD0.14)

Significantly Below Fair Value: H30 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: H30 is unprofitable, so we can't compare its PE Ratio to the SG Real Estate industry average.

PE vs Market: H30 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 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 (0.4x) compared to the SG Real Estate industry average (0.6x).


Future Growth

How is Hong Fok forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

33.4%

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.


Past Performance

How has Hong Fok performed over the past 5 years?

-4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: H30 is currently unprofitable.

Growing Profit Margin: H30 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: H30 is unprofitable, and losses have increased over the past 5 years at a rate of 4.4% per year.

Accelerating Growth: Unable to compare H30's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: H30 is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-41.3%).


Return on Equity

High ROE: H30 has a negative Return on Equity (-1.02%), as it is currently unprofitable.


Financial Health

How is Hong Fok's financial position?


Financial Position Analysis

Short Term Liabilities: H30's short term assets (SGD257.3M) exceed its short term liabilities (SGD68.8M).

Long Term Liabilities: H30's short term assets (SGD257.3M) do not cover its long term liabilities (SGD779.4M).


Debt to Equity History and Analysis

Debt Level: H30's debt to equity ratio (30.5%) is considered satisfactory.

Reducing Debt: H30's debt to equity ratio has reduced from 37.5% to 30.5% over the past 5 years.

Debt Coverage: H30's debt is not well covered by operating cash flow (3.4%).

Interest Coverage: H30's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

What is Hong Fok current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: H30's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the SG market (1.92%).

High Dividend: H30's dividend (1.23%) is low compared to the top 25% of dividend payers in the SG market (5%).


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: H30 is paying a dividend but the company is unprofitable.


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?

7.6yrs

Average management tenure


CEO

Patrick Cheong (72 yo)

7.58yrs

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

Experienced Management: H30's management team is seasoned and experienced (7.6 years average tenure).


Board Members

Experienced Board: H30's board of directors are seasoned and experienced ( 19.2 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

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$688.410m
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 15:34
End of Day Share Price2021/08/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.