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Fuyao Glass Industry Group

DB:4FG
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4FG
DB
CN¥45B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass for various transportation in China and internationally. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Fuyao Glass Industry Group has significant price volatility in the past 3 months.
4FG Share Price and Events
7 Day Returns
-2.1%
DB:4FG
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-40.8%
DB:4FG
-52.5%
DE Auto Components
-20.9%
DE Market
4FG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fuyao Glass Industry Group (4FG) -2.1% -21% -34.3% -40.8% -40.1% -18.5%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 4FG outperformed the Auto Components industry which returned -52.5% over the past year.
  • 4FG underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
4FG
Industry
5yr Volatility vs Market

Value

 Is Fuyao Glass Industry Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fuyao Glass Industry Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fuyao Glass Industry Group.

DB:4FG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in CNY CN¥ 0.84057304347826
Payout Ratio Company Filings (2019-12-31) 6925.2%
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4FG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 25%) (25.24%))
1.188
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.188 * 6.33%)
7.13%

Discounted Cash Flow Calculation for DB:4FG using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Fuyao Glass Industry Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:4FG Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= CN¥0.84 / (7.13% - -0.39%)
CN¥0.11
DB:4FG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4FG represents 0.10021x of SHSE:600660
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10021x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CNY) x Listing Adjustment Factor
= CN¥ 11.18 x 0.10021
€1.12
Value per share (EUR) From above. €1.12
Current discount Discount to share price of €1.88
= -1 x (€1.88 - €1.12) / €1.12
-67.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Fuyao Glass Industry Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fuyao Glass Industry Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fuyao Glass Industry Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4FG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥1.16
SHSE:600660 Share Price ** SHSE (2020-04-06) in CNY CN¥18.76
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fuyao Glass Industry Group.

DB:4FG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SHSE:600660 Share Price ÷ EPS (both in CNY)

= 18.76 ÷ 1.16

16.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuyao Glass Industry Group is overvalued based on earnings compared to the DE Auto Components industry average.
  • Fuyao Glass Industry Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fuyao Glass Industry Group's expected growth come at a high price?
Raw Data
DB:4FG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
11.5%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:4FG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.17x ÷ 11.5%

1.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuyao Glass Industry Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fuyao Glass Industry Group's assets?
Raw Data
DB:4FG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥8.54
SHSE:600660 Share Price * SHSE (2020-04-06) in CNY CN¥18.76
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:4FG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SHSE:600660 Share Price ÷ Book Value per Share (both in CNY)

= 18.76 ÷ 8.54

2.2x

* Primary Listing of Fuyao Glass Industry Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Fuyao Glass Industry Group is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Fuyao Glass Industry Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Fuyao Glass Industry Group has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fuyao Glass Industry Group expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fuyao Glass Industry Group expected to grow at an attractive rate?
  • Fuyao Glass Industry Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Fuyao Glass Industry Group's earnings growth is positive but not above the Germany market average.
  • Fuyao Glass Industry Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4FG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4FG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 11.5%
DB:4FG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 6.4%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4FG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4FG Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 25,341 5,640 3,732 4
2021-12-31 24,019 5,640 3,788 16
2020-12-31 21,889 5,451 2,864 17
2020-04-07
DB:4FG Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 21,104 2,898
2019-09-30 20,736 4,826 3,205
2019-06-30 20,427 5,200 3,757
2019-03-31 20,411 5,366 4,164
2018-12-31 20,225 5,808 4,120
2018-09-30 20,439 6,263 4,267
2018-06-30 20,087 5,884 3,631
2018-03-31 19,263 5,057 3,018
2017-12-31 18,713 4,924 3,149
2017-09-30 18,428 4,089 3,112
2017-06-30 17,748 3,872 3,074
2017-03-31 17,252 4,094 3,254

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fuyao Glass Industry Group's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
  • Fuyao Glass Industry Group's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4FG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Fuyao Glass Industry Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4FG Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.55 1.65 1.50 3.00
2021-12-31 1.52 1.77 1.15 15.00
2020-12-31 1.16 1.29 0.97 7.00
2020-04-07
DB:4FG Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 1.16
2019-09-30 1.28
2019-06-30 1.50
2019-03-31 1.66
2018-12-31 1.64
2018-09-30 1.71
2018-06-30 1.45
2018-03-31 1.20
2017-12-31 1.26
2017-09-30 1.23
2017-06-30 1.22
2017-03-31 1.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fuyao Glass Industry Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fuyao Glass Industry Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fuyao Glass Industry Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fuyao Glass Industry Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fuyao Glass Industry Group's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Fuyao Glass Industry Group's year on year earnings growth rate has been positive over the past 5 years.
  • Fuyao Glass Industry Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fuyao Glass Industry Group's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Fuyao Glass Industry Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fuyao Glass Industry Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4FG Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 21,103.88 2,897.87 3,675.79 813.13
2019-09-30 20,736.22 3,204.93 3,419.58 822.31
2019-06-30 20,427.17 3,757.44 3,376.58 863.37
2019-03-31 20,410.64 4,163.92 3,378.30 882.97
2018-12-31 20,224.99 4,120.49 3,286.33 887.72
2018-09-30 20,438.51 4,267.29 3,119.31 865.61
2018-06-30 20,086.81 3,631.18 2,866.59 835.91
2018-03-31 19,263.28 3,018.49 2,670.27 999.14
2017-12-31 18,713.03 3,148.75 2,825.52 803.44
2017-09-30 18,427.75 3,112.37 3,062.92 594.02
2017-06-30 17,748.31 3,073.60 3,275.83 389.07
2017-03-31 17,251.90 3,254.04 3,467.34
2016-12-31 16,621.34 3,144.23 3,328.10
2016-09-30 15,468.76 2,932.01 3,064.54
2016-06-30 14,566.59 2,846.68 2,940.76
2016-03-31 13,916.77 2,609.08 2,801.33
2015-12-31 13,573.50 2,605.38 2,681.00
2015-09-30 13,265.05 2,492.06 2,547.06
2015-06-30 13,338.36 2,387.37 2,456.61
2015-03-31 13,249.08 2,326.83 2,405.33
2014-12-31 12,928.18 2,219.75 2,302.91
2014-09-30 12,419.04 2,157.49 2,277.55
2014-06-30 12,136.88 2,122.82 2,161.41
2014-03-31 11,803.80 1,997.94 2,081.95
2013-12-31 11,501.21 1,917.55 1,980.34
2013-09-30 11,141.97 1,703.92 1,841.27
2013-06-30 10,918.79 1,629.07 1,772.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fuyao Glass Industry Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fuyao Glass Industry Group used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Fuyao Glass Industry Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Fuyao Glass Industry Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fuyao Glass Industry Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fuyao Glass Industry Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fuyao Glass Industry Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fuyao Glass Industry Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fuyao Glass Industry Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fuyao Glass Industry Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fuyao Glass Industry Group Company Filings, last reported 3 months ago.

DB:4FG Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 21,381.32 10,718.81 10,009.50
2019-09-30 20,889.93 13,080.67 9,745.71
2019-06-30 19,892.57 13,679.41 9,546.25
2019-03-31 20,720.32 12,744.01 9,479.24
2018-12-31 20,189.87 8,400.20 6,769.99
2018-09-30 20,610.72 10,478.86 9,572.58
2018-06-30 19,026.19 11,022.23 9,165.64
2018-03-31 19,362.30 9,484.55 8,518.85
2017-12-31 19,005.26 7,897.27 6,844.78
2017-09-30 18,089.24 8,325.42 6,666.58
2017-06-30 17,441.04 9,244.58 7,459.67
2017-03-31 18,748.14 7,331.65 7,618.65
2016-12-31 18,038.55 7,245.17 7,238.70
2016-09-30 16,873.25 6,487.89 7,331.48
2016-06-30 16,086.02 7,852.99 7,436.86
2016-03-31 17,012.74 5,373.95 6,532.45
2015-12-31 16,415.07 4,719.05 5,940.81
2015-09-30 15,674.85 4,814.77 5,946.57
2015-06-30 15,028.65 4,874.27 5,882.48
2015-03-31 13,541.18 5,341.89 6,729.24
2014-12-31 8,802.62 4,548.18 523.12
2014-09-30 8,311.91 4,717.97 798.31
2014-06-30 7,890.09 5,160.14 1,154.52
2014-03-31 7,296.22 3,845.61 669.17
2013-12-31 7,845.75 3,816.83 519.16
2013-09-30 7,273.58 4,103.89 372.02
2013-06-30 6,776.73 4,524.71 373.32
  • Fuyao Glass Industry Group's level of debt (50.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (51.5% vs 50.1% today).
  • Debt is well covered by operating cash flow (45%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.9x coverage).
X
Financial health checks
We assess Fuyao Glass Industry Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fuyao Glass Industry Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Fuyao Glass Industry Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8%
Current annual income from Fuyao Glass Industry Group dividends. Estimated to be 4.48% next year.
If you bought €2,000 of Fuyao Glass Industry Group shares you are expected to receive €160 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Fuyao Glass Industry Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Fuyao Glass Industry Group's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4FG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4FG Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.95 4.00
2021-12-31 0.89 11.00
2020-12-31 0.71 8.00
2020-04-07
DB:4FG Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-25 1.500 6.611
2018-10-25 0.800 3.484
2018-10-16 0.800 3.376
2018-05-21 0.750 3.013
2017-05-08 0.750 2.950
2016-05-23 0.750 4.270
2015-02-16 0.750 5.239
2014-02-24 0.500 5.159
2013-04-19 0.500 6.262
2012-04-24 0.400 5.124
2011-03-01 0.570 6.118
2010-03-10 0.170 1.548
2009-10-27 0.000 0.000
2009-08-19 0.000 0.000
2009-04-23 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fuyao Glass Industry Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Fuyao Glass Industry Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fuyao Glass Industry Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fuyao Glass Industry Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fuyao Glass Industry Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shu Ye
COMPENSATION CN¥2,523,700
AGE 47
TENURE AS CEO 3.1 years
CEO Bio

Mr. Shu Ye has been President of Fuyao Glass Industry Group Co., Ltd. since March 25, 2017 and serves as its Executive Director since October 2019. He is General Manager of Fuyao Glass Industry Group Co., Ltd. Mr. Ye served as Vice President at Fuyao Glass Industry Group Co., Ltd. from February 24, 2017 to March 25, 2017. Mr. Ye held various positions in Fuyao Glass Industry Group Co., Ltd., including the supply management director of the supply management department from June 2009 to February 2017, the Deputy General Manager of the procurement department from March 2009 to June 2009 and the general manager of Fuyao Hainan Float Glass Co., Ltd. from May 2008 to November 2008. Mr. Ye worked in the supporting department, the preparatory team and other departments and successively served as Deputy Manager and Deputy General Manager of Fuyao Hainan Float Glass Co., Ltd. and also served in various positions of its subsidiaries from July 2003 to May 2008. He joined Fuyao Glass Industry Group in July 2003. From November 2008 to March 2009, Mr. Ye left it and served as its General Manager of Fujian Yaohua Industrial Village Development Co., Ltd. Mr. Ye graduated with a Bachelor's Degree in International Trade from Xiamen University in July 1995 and a Master's Degree in Economics from Xiamen University in July 1999.

CEO Compensation
  • Insufficient data for Shu to compare compensation growth.
  • Shu's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Fuyao Glass Industry Group management team in years:

4.7
Average Tenure
49.5
Average Age
  • The tenure for the Fuyao Glass Industry Group management team is about average.
Management Team

Tak Wong Cho

TITLE
Executive Chairman
COMPENSATION
CN¥3M
AGE
72

Shu Ye

TITLE
GM, President & Executive Director
COMPENSATION
CN¥3M
AGE
47
TENURE
3.1 yrs

Xiangming Chen

TITLE
CFO, Joint Company Secretary & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
4.7 yrs

Juli Chen

TITLE
Vice President
COMPENSATION
CN¥4M
AGE
52
TENURE
18.3 yrs

Xiaoxi Li

TITLE
Secretary to the Board of Directors
COMPENSATION
CN¥1M
AGE
35
TENURE
4.1 yrs

Xuejuan Lin

TITLE
Head of Accounting Department

Wendy Kam

TITLE
Joint Company Secretary
AGE
51
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Fuyao Glass Industry Group board of directors in years:

4.7
Average Tenure
60.5
Average Age
  • The tenure for the Fuyao Glass Industry Group board of directors is about average.
Board of Directors

Tak Wong Cho

TITLE
Executive Chairman
COMPENSATION
CN¥3M
AGE
72
TENURE
20.7 yrs

Shu Ye

TITLE
GM, President & Executive Director
COMPENSATION
CN¥3M
AGE
47
TENURE
0.5 yrs

Fai Tso

TITLE
Vice Chairman
COMPENSATION
CN¥921K
AGE
48
TENURE
4.7 yrs

Xiangming Chen

TITLE
CFO, Joint Company Secretary & Executive Director
COMPENSATION
CN¥2M
AGE
48
TENURE
17.2 yrs

Zhaohua Bai

TITLE
Chairman of the Board of Supervisors
COMPENSATION
CN¥716K
AGE
67
TENURE
4.7 yrs

Alison Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥253K
AGE
61
TENURE
2.3 yrs

Jing Liu

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs

Wenzhou Qu

TITLE
Independent Non-Executive Director
TENURE
0.5 yrs

Shinong Wu

TITLE
Non-Executive Director
COMPENSATION
CN¥90K
AGE
62
TENURE
20 yrs

Anna Zhu

TITLE
Non-Executive Director
COMPENSATION
CN¥90K
AGE
60
TENURE
8.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Apr 20 Buy First Sentier Investors (Australia) IM Ltd Company 31. Mar 20 31. Mar 20 312,800 €1.94 €607,830
27. Mar 20 Sell Matthews International Capital Management, LLC Company 25. Mar 20 25. Mar 20 -5,017,600 €2.03 €-10,205,963
12. Mar 20 Buy Citigroup Inc.,Banking and Securities Investments Company 09. Mar 20 09. Mar 20 94,800 €2.25 €213,712
13. Mar 20 Sell Matthews International Capital Management, LLC Company 12. Mar 20 12. Mar 20 -288,400 €2.28 €-657,207
24. Jan 20 Buy Mawer Investment Management Limited Company 20. Jan 20 20. Jan 20 280,000 €2.90 €811,443
16. Jan 20 Buy First Sentier Investors (Australia) IM Ltd Company 18. Dec 19 18. Dec 19 474,400 €2.78 €1,317,255
03. Dec 19 Sell BlackRock, Inc. Company 28. Nov 19 28. Nov 19 -783,600 €2.73 €-2,135,694
06. Nov 19 Buy Matthews International Capital Management, LLC Company 04. Nov 19 04. Nov 19 1,203,600 €2.69 €3,237,547
06. Nov 19 Buy First Sentier Investors (Australia) IM Ltd Company 01. Nov 19 01. Nov 19 5,956,810 €2.55 €15,180,331
23. Oct 19 Buy Matthews International Capital Management, LLC Company 21. Oct 19 21. Oct 19 3,830,800 €2.51 €9,633,684
01. Aug 19 Buy RBC Global Asset Management Inc. Company 29. Jul 19 29. Jul 19 742,000 €2.71 €2,014,156
09. Jul 19 Buy First Sentier Investors (Australia) IM Ltd Company 05. Jul 19 05. Jul 19 3,652,000 €2.85 €10,406,169
26. Jun 19 Buy Matthews International Capital Management, LLC Company 24. Jun 19 24. Jun 19 5,225,200 €2.70 €14,127,230
24. Jun 19 Sell Genesis Asset Managers, LLP Company 24. Jun 19 24. Jun 19 -5,812,000 €2.69 €-15,636,832
13. Jun 19 Sell Genesis Asset Managers, LLP Company 12. Jun 19 12. Jun 19 -439,200 €2.60 €-1,140,535
31. May 19 Buy RBC Global Asset Management Inc. Company 28. May 19 28. May 19 514,000 €2.69 €1,385,044
X
Management checks
We assess Fuyao Glass Industry Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fuyao Glass Industry Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Fuyao Glass Industry Group Co., Ltd., together with its subsidiaries, provides solutions of safety glass for various transportation in China and internationally. It designs, manufactures, sells, and services automotive grade float glass, automotive glass, and locomotive glass. The company offers head-up display, semi-tempered laminated, acostic, heating, hydrophobic, dimming, antenna, heat insulation, lightweight, and ambient glasses. It also provides photovoltaic and panoramic sunroofs; exterior decoration; and flush styling windows, as well as encapsulated glass and sliding window assemblies. The company was formerly known as Fujian Yaohua Glass Industry Group Co., Ltd. and changed its name to Fuyao Glass Industry Group Co., Ltd. in June 1992. Fuyao Glass Industry Group Co., Ltd. was founded in 1987 and is headquartered in Fuqing, China.

Details
Name: Fuyao Glass Industry Group Co., Ltd.
4FG
Exchange: DB
Founded: 1987
CN¥5,876,180,823
2,508,617,532
Website: http://www.fuyaogroup.com
Address: Fuyao Glass Industry Group Co., Ltd.
Fuyao Industrial Zone II,
Fuqing,
Fujian Province, China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SHSE 600660 Domestic Shares Shanghai Stock Exchange CN CNY 28. Jun 1996
XSSC 600660 Domestic Shares Shanghai Stock Exchange - Shanghai - Hong Kong Stock Connect CN CNY 28. Jun 1996
OTCPK FYGG.Y UNSPONSORED ADR Pink Sheets LLC US USD 06. Apr 2017
SEHK 3606 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong Ltd. HK HKD 31. Mar 2015
DB 4FG Foreign Shares-Foreign Listed Deutsche Boerse AG DE EUR 31. Mar 2015
SHSC 3606 Foreign Shares-Foreign Listed Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 31. Mar 2015
SZSC 3606 Foreign Shares-Foreign Listed The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 31. Mar 2015
Number of employees
Current staff
Staff numbers
25,716
Fuyao Glass Industry Group employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:56
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.