Fu Yu Intrinsic Value – FU YU Reports 41.5% Decrease in Total Revenue for Q2 FY2023
August 29, 2023
🌧️Earnings Overview
FU YU ($SGX:F13) reported total revenue of SGD 71.2 million for the second quarter of FY2023, ending June 30 2023, which was a decrease of 41.5% compared to the corresponding period of the previous year. Net income for the same quarter was SGD -3.8 million, a decline from 10.9 million reported in the preceding year.
Analysis – Fu Yu Intrinsic Value
GoodWhale has conducted an analysis on FU YU‘s wellbeing. Our proprietary Valuation Line methodology calculated an intrinsic value of SG$0.1 for its stock. At the current trading price of SG$0.2, FU YU is significantly overvalued by 117.3%. This implies that the stock is greatly overpriced at the moment. Investors should exercise caution before making any purchase decisions. Investors should not be overly influenced by short-term market movements, as the overvaluation of FU YU may not be sustainable in the long run. Instead, they should focus on the company’s fundamentals in order to gauge its actual value. This would allow them to make more informed decisions when it comes to investing in FU YU stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fu Yu. More…
| Total Revenues | Net Income | Net Margin |
| 189.52 | -0.35 | -0.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fu Yu. More…
| Operations | Investing | Financing |
| 10.15 | -6.54 | -9.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fu Yu. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 182.92 | 42.3 | 0.19 |
Key Ratios Snapshot
Some of the financial key ratios for Fu Yu are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.9% | 9.6% | 0.3% |
| FCF Margin | ROE | ROA |
| 1.1% | 0.2% | 0.2% |
Peers
The Company is engaged in the manufacturing, marketing and distribution of plastic products and the provision of value-added services. The Company operates its businesses through three segments: Plastic Products, Moulding and Tooling, and Others. The Plastic Products segment includes the manufacturing of precision plastic components and products, as well as the assembly of precision plastic products. The Moulding and Tooling segment includes the design and manufacture of precision plastic injection moulds, as well as the provision of tooling fabrication services. The Others segment includes provision of investment holding, corporate advisory, project management, product development and other services. The Company operates in Singapore, Malaysia, United States, China and Hong Kong. The Company’s competitors include YBS International Bhd, ARC Group Worldwide Inc, Ningbo Henghe Precision Industry Co Ltd.
– YBS International Bhd ($KLSE:0025)
YBS International Bhd is a Malaysian company that is involved in the design and construction of high-rise buildings. The company has a market capitalization of 179.95 million as of 2022 and a return on equity of 8.68%. YBS International Bhd has been in operation for over 30 years and has completed numerous iconic projects in Malaysia and abroad.
– ARC Group Worldwide Inc ($OTCPK:ARCW)
A market cap of 24.96M as of 2022 and a ROE of -12.3%. The company focuses on providing engineering, construction, and project management services to the oil and gas, petrochemical, power, and process industries worldwide. It operates in four segments: Pipeline, Facilities, Marine, and Process. The Pipeline segment engages in the construction of onshore and offshore pipelines for the transportation of oil, gas, water, and other fluids. The Facilities segment engages in the construction of process units, modules, and other process facilities. The Marine segment engages in the construction of fixed and floating offshore platforms, FPSOs, FSOs, subsea pipelines, and other marine structures. The Process segment engages in the construction of refineries, gas processing plants, and other process-related facilities.
– Ningbo Henghe Precision Industry Co Ltd ($SZSE:300539)
Ningbo Henghe Precision Industry Co., Ltd is a Chinese company that manufactures and sells electronic products and components. The company has a market capitalization of $2.01 billion as of 2022 and a return on equity of 5.46%. Ningbo Henghe Precision Industry Co., Ltd is a leading manufacturer of electronic products and components in China. The company’s products are used in a wide range of industries, including telecommunications, computer hardware, consumer electronics, and automotive.
Summary
Investors should take note of FU YU‘s second quarter of FY2023 financial results, which showed a significant decrease in total revenue and net income compared to the same period in the previous year. Total revenue was down 41.5% to SGD 71.2 million, while net income fell from 10.9 million to -3.8 million. This is a concerning trend for investors and suggests that FU YU may be struggling to maintain profitability. It is therefore important for investors to closely monitor the company’s financial performance in the coming quarters in order to gain a better understanding of its overall prospects.
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