Far East Horizon Ltd

Chart & Performance

D1W1MN

P/E

3.46

P/S

0.60

EPS

1.49

Div Yield, %

8.57%

Shrs. gr., 5y

4.45%

Rev. gr., 5y

7.58%

Revenues

36.57b

+1.62%

Net income

6.30b

-1.24%

CFO

3.73b

Dividend

Sep 25, 20240.25 HKD/sh

Profile

Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial, Lease and Advisory; and Industrial Operation and Management. The Financial, Lease and Advisory segment offers direct finance leasing, sale-leaseback, factoring, entrusted loans, operating lease, and advisory services. The Industrial Operation and Management segment is involved in the import and export, and domestic trade of medical equipment; investment, operation, and management of hospitals; and provision of ship brokerage, medical engineering, healthcare management, and education consulting and management services, as well as trade agency services primarily within the machinery industry. The company also offers trading and brokerage, engineering management and construction, equipment operation, medical, construction, construction investment, ecotechnology, property, investment management, management consulting, and technical services. It serves healthcare, cultural and tourism, engineering construction, machinery, chemical and medicine, electronic information, public consuming, transportation and logistics, urban public utility, and other industries. The company was formerly known as Far Eastern Hong Xin Co., Limited and changed its name to Far East Horizon Limited in November 2010. Far East Horizon Limited was incorporated in 2008 and is headquartered in Tsim Sha Tsui, Hong Kong.

URL

https://www.fehorizon.com/

IPO date

Mar 30, 2011

Employees

18,310

Domiciled in

Incorporated in

Valuation

Order:

Title CNY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CNY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	36,573,006 1.62%	35,989,375 6.97%	33,643,923 15.85%
Cost of revenue	27,754,471	25,396,929	24,309,674
Unusual Expense (Income)
NOPBT	8,818,535	10,592,446	9,334,249
NOPBT Margin	24.11%	29.43%	27.74%
Operating Taxes	3,508,237	3,716,164	3,785,040
Tax Rate	39.78%	35.08%	40.55%
NOPAT	5,310,298	6,876,282	5,549,209
Net income	6,299,866 -1.24%	6,378,713 8.18%	5,896,327 17.21%
Dividends	(1,987,867)	(1,505,444)	(1,205,585)
Dividend yield	6.78%	5.22%	3.85%
Proceeds from repurchase of equity	(12,920)	(7,376,276)	187,351,344
BB yield	0.04%	25.59%	-598.68%
Debt
Debt current	132,670,484	123,598,942	122,858,121
Long-term debt	125,150,504	128,741,302	108,556,651
Deferred revenue	1,460,135	1,432,527	2,130,111
Other long-term liabilities	167,429,690	11,532,052	15,566,696
Net debt	221,643,397	218,779,800	198,445,236
Cash flow
Cash from operating activities	3,726,527	(7,685,635)	(14,867,540)
CAPEX	(2,558,961)	(3,958,002)	(10,458,527)
Cash from investing activities	(2,397,246)	(1,765,834)	(9,845,120)
Cash from financing activities	1,591,619	9,611,412	28,515,737
FCF	(26,669,656)	(10,744,299)	(6,571,104)
Balance
Cash	22,074,695	19,674,957	19,628,215
Long term investments	14,102,896	13,885,487	13,341,321
Excess cash	34,348,941	31,760,975	31,287,340
Stockholders' equity	57,355,927	52,439,513	53,054,110
Invested Capital	297,024,397	282,867,612	267,091,907
ROIC	1.83%	2.50%	2.15%
ROCE	2.65%	3.36%	3.12%
EV
Common stock shares outstanding	4,776,621	4,726,118	4,522,289
Price	6.14 0.66%	6.10 -11.85%	6.92 -13.61%
Market cap	29,328,450 1.73%	28,829,317 -7.88%	31,294,238 -1.67%
EV	256,868,202	251,721,239	233,756,658
EBITDA	11,782,054	13,669,709	11,636,508
EV/EBITDA	21.80	18.41	20.09
Interest		20,849	915,665
Interest/NOPBT		0.20%	9.81%