Fusheng Precision Co., Ltd. engages in the contract manufacturing of golf equipment primarily in Japan, the United States, and internationally. More Details
Exceptional growth potential with excellent balance sheet.
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.
7 Day Return
1 Year Return
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.
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
1 week ago | Simply Wall StWhy FuSheng Precision's (TPE:6670) Shaky Earnings Are Just The Beginning Of Its Problems
2 weeks ago | Simply Wall StIs FuSheng Precision Co., Ltd.'s (TPE:6670) Latest Stock Performance A Reflection Of Its Financial Health?
1 month ago | Simply Wall StBrokers Are Upgrading Their Views On FuSheng Precision Co., Ltd. (TPE:6670) With These New Forecasts
Is FuSheng Precision undervalued compared to its fair value and its price relative to the market?
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).
How is FuSheng Precision forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%)
How has FuSheng Precision performed over the past 5 years?
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.
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.
What is FuSheng Precision current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: 6670's management team is seasoned and experienced (10.6 years average tenure).
Experienced Board: 6670's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
FuSheng Precision Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- FuSheng Precision Co., Ltd.
- No. 172, Nanjing East Road
- Section 2
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/11 08:54|
|End of Day Share Price||2021/04/09 00:00|
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.