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Market Cap

NT$30.3b

Last Updated

2021/04/11 08:54 UTC

Data Sources

Company Financials +

Executive Summary

Fusheng Precision Co., Ltd. engages in the contract manufacturing of golf equipment primarily in Japan, the United States, and internationally. More Details


Snowflake Analysis

Exceptional growth potential with excellent balance sheet.


Similar Companies

Share Price & News

How has FuSheng Precision's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 6670 is not significantly more volatile than the rest of TW stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 6670's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

2.4%

6670

1.3%

TW Leisure

1.9%

TW Market


1 Year Return

54.5%

6670

133.6%

TW Leisure

66.4%

TW Market

Return vs Industry: 6670 underperformed the TW Leisure industry which returned 133.6% over the past year.

Return vs Market: 6670 underperformed the TW Market which returned 66.4% over the past year.


Shareholder returns

6670IndustryMarket
7 Day2.4%1.3%1.9%
30 Day-2.9%12.3%4.8%
90 Day34.7%22.9%9.9%
1 Year61.9%54.5%139.7%133.6%72.2%66.4%
3 Year75.3%49.3%128.1%109.3%71.1%51.6%
5 Yearn/a112.2%86.2%132.3%91.0%

Long-Term Price Volatility Vs. Market

How volatile is FuSheng Precision's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FuSheng Precision undervalued compared to its fair value and its price relative to the market?

9.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 6670 (NT$231) is trading below our estimate of fair value (NT$256.6)

Significantly Below Fair Value: 6670 is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: 6670 is poor value based on its PE Ratio (26.8x) compared to the TW Leisure industry average (25.5x).

PE vs Market: 6670 is poor value based on its PE Ratio (26.8x) compared to the TW market (20.7x).


Price to Earnings Growth Ratio

PEG Ratio: 6670 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 6670 is overvalued based on its PB Ratio (4.8x) compared to the TW Leisure industry average (2.6x).


Future Growth

How is FuSheng Precision forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

34.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 6670's forecast earnings growth (34.5% per year) is above the savings rate (0.8%).

Earnings vs Market: 6670's earnings (34.5% per year) are forecast to grow faster than the TW market (16.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 6670's revenue (20.8% per year) is forecast to grow faster than the TW market (10.2% per year).

High Growth Revenue: 6670's revenue (20.8% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 6670's Return on Equity is forecast to be high in 3 years time (29.9%)


Past Performance

How has FuSheng Precision performed over the past 5 years?

3.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 6670 has a high level of non-cash earnings.

Growing Profit Margin: 6670's current net profit margins (7.9%) are lower than last year (12.7%).


Past Earnings Growth Analysis

Earnings Trend: 6670's earnings have grown by 3.4% per year over the past 5 years.

Accelerating Growth: 6670's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 6670 had negative earnings growth (-48.1%) over the past year, making it difficult to compare to the Leisure industry average (20.2%).


Return on Equity

High ROE: 6670's Return on Equity (17.3%) is considered low.


Financial Health

How is FuSheng Precision's financial position?


Financial Position Analysis

Short Term Liabilities: 6670's short term assets (NT$8.9B) exceed its short term liabilities (NT$6.9B).

Long Term Liabilities: 6670's short term assets (NT$8.9B) exceed its long term liabilities (NT$549.5M).


Debt to Equity History and Analysis

Debt Level: 6670's debt to equity ratio (32.3%) is considered satisfactory.

Reducing Debt: 6670's debt to equity ratio has reduced from 151.4% to 32.3% over the past 5 years.

Debt Coverage: 6670's debt is not well covered by operating cash flow (18.7%).

Interest Coverage: 6670 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is FuSheng Precision current dividend yield, its reliability and sustainability?

2.86%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 6670's dividend (2.86%) is higher than the bottom 25% of dividend payers in the TW market (1.99%).

High Dividend: 6670's dividend (2.86%) is low compared to the top 25% of dividend payers in the TW market (4.8%).


Stability and Growth of Payments

Stable Dividend: 6670 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 6670 has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.6%), 6670's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 6670's dividends in 3 years are forecast to be covered by earnings (73.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

10.6yrs

Average management tenure


CEO

Roger Jiang

10.58yrs

Tenure

Mr. Jiang Qing-Sheng, also known as Roger, serves as Chief Executive Officer and Director at Fusheng Precision Co., Ltd since September 14, 2010. He is the Director of Fu Sheng Industrial Co., Ltd.; FS-Pre...


Leadership Team

Experienced Management: 6670's management team is seasoned and experienced (10.6 years average tenure).


Board Members

Experienced Board: 6670's board of directors are considered experienced (3.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FuSheng Precision Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FuSheng Precision Co., Ltd.
  • Ticker: 6670
  • Exchange: TSEC
  • Founded: 1953
  • Industry: Leisure Products
  • Sector: Consumer Durables
  • Market Cap: NT$30.268b
  • Shares outstanding: 131.03m
  • Website: https://www.fusheng-precision.com

Number of Employees


Location

  • FuSheng Precision Co., Ltd.
  • No. 172, Nanjing East Road
  • Section 2
  • Taipei
  • Taiwan

Listings


Biography

Fusheng Precision Co., Ltd. engages in the contract manufacturing of golf equipment primarily in Japan, the United States, and internationally. The company offers golf club heads, graphite shafts, and asse...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 08:54
End of Day Share Price2021/04/09 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.