Far East Horizon Ltd

Chart & Performance

D1W1MN

P/E

8.09

P/S

0.83

EPS

0.84

Div Yield, %

10.14%

Shrs. gr., 5y

4.80%

Rev. gr., 5y

7.05%

Revenues

37.75b

+3.22%

Net income

3.89b

-38.18%

CFO

9.97b

+167.43%

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	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	37,749,156 3.22%	36,573,006 1.62%	35,989,375 6.97%
Cost of revenue	30,286,593	27,754,471	25,396,929
Unusual Expense (Income)
NOPBT	7,462,563	8,818,535	10,592,446
NOPBT Margin	19.77%	24.11%	29.43%
Operating Taxes	3,502,126	3,508,237	3,716,164
Tax Rate	46.93%	39.78%	35.08%
NOPAT	3,960,437	5,310,298	6,876,282
Net income	3,894,649 -38.18%	6,299,866 -1.24%	6,378,713 8.18%
Dividends	(2,872,921)	(1,987,867)	(1,505,444)
Dividend yield	10.51%	6.78%	5.22%
Proceeds from repurchase of equity	(290,741)	(12,920)	(7,376,276)
BB yield	1.06%	0.04%	25.59%
Debt
Debt current	145,843,092	132,670,484	123,598,942
Long-term debt	121,064,029	125,150,504	128,741,302
Deferred revenue	1,056,988	1,460,135	1,432,527
Other long-term liabilities	13,095,789	167,429,690	11,532,052
Net debt	215,731,443	221,643,397	218,779,800
Cash flow
Cash from operating activities	9,965,983	3,726,527	(7,685,635)
CAPEX	(8,411,868)	(2,558,961)	(3,958,002)
Cash from investing activities	(3,535,085)	(2,397,246)	(1,765,834)
Cash from financing activities	(5,598,889)	1,591,619	9,611,412
FCF	27,130,308	(26,669,656)	(10,744,299)
Balance
Cash	34,202,570	22,074,695	19,674,957
Long term investments	16,973,108	14,102,896	13,885,487
Excess cash	49,288,220	34,348,941	31,760,975
Stockholders' equity	55,711,758	57,355,927	52,439,513
Invested Capital	288,254,350	297,024,397	282,867,612
ROIC	1.35%	1.83%	2.50%
ROCE	2.21%	2.65%	3.36%
EV
Common stock shares outstanding	4,821,542	4,776,621	4,726,118
Price	5.67 -7.65%	6.14 0.66%	6.10 -11.85%
Market cap	27,338,145 -6.79%	29,328,450 1.73%	28,829,317 -7.88%
EV	251,556,413	256,868,202	251,721,239
EBITDA	11,041,741	11,782,054	13,669,709
EV/EBITDA	22.78	21.80	18.41
Interest			20,849
Interest/NOPBT			0.20%