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Fosun Tourism Group

DB:A2PAHL
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
A2PAHL
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
  • Fosun Tourism Group has significant price volatility in the past 3 months.
A2PAHL Share Price and Events
7 Day Returns
0%
DB:A2PAHL
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-
DB:A2PAHL
-48.1%
DE Hospitality
-20.9%
DE Market
A2PAHL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fosun Tourism Group (A2PAHL) 0% -26.9% -43.4% - - -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • No trading data on A2PAHL.
  • No trading data on A2PAHL.

Value

 Is Fosun Tourism 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 Fosun Tourism 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 Fosun Tourism Group.

DB:A2PAHL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.6%
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:A2PAHL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 25%) (224.42%))
1.736
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.74
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.736 * 6.33%)
10.6%

Discounted Cash Flow Calculation for DB:A2PAHL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fosun Tourism Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:A2PAHL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.6%)
2020 1,071.00 Analyst x1 968.37
2021 337.00 Analyst x1 275.51
2022 3,817.00 Analyst x1 2,821.49
2023 5,920.26 Est @ 55.1% 3,956.84
2024 8,196.87 Est @ 38.45% 4,953.46
2025 10,393.74 Est @ 26.8% 5,679.16
2026 12,331.54 Est @ 18.64% 6,092.30
2027 13,926.47 Est @ 12.93% 6,220.96
2028 15,171.02 Est @ 8.94% 6,127.50
2029 16,102.31 Est @ 6.14% 5,880.43
Present value of next 10 years cash flows CN¥42,976.00
DB:A2PAHL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥16,102.31 × (1 + -0.39%) ÷ (10.6% – -0.39%)
CN¥145,970.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥145,970.70 ÷ (1 + 10.6%)10
CN¥53,307.24
DB:A2PAHL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥42,976.00 + CN¥53,307.24
CN¥96,283.24
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥96,283.24 / 1,235.05
CN¥77.96
DB:A2PAHL Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1992)
1.093
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥77.96 x 1.093
HK$85.24
Non-primary Listing Adjustment Factor 1 share in DB:A2PAHL represents 0.11465x of SEHK:1992
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11465x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 85.24 x 0.11465
€9.77
Value per share (EUR) From above. €9.77
Current discount Discount to share price of €0.72
= -1 x (€0.72 - €9.77) / €9.77
92.6%

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

Current Discount
Amount off the current price Fosun Tourism Group is available for.
Intrinsic value
>50%
Share price is €0.72 vs Future cash flow value of €9.77
Current Discount Checks
For Fosun Tourism Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fosun Tourism Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fosun Tourism Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Fosun Tourism Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fosun Tourism Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:A2PAHL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥0.49
SEHK:1992 Share Price ** SEHK (2020-04-03) in HKD HK$6.28
SEHK:1992 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥5.74
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Fosun Tourism Group.

DB:A2PAHL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1992 Share Price ÷ EPS (both in CNY)

= 5.74 ÷ 0.49

11.64x

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

  • Fosun Tourism Group is good value based on earnings compared to the DE Hospitality industry average.
  • Fosun Tourism Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fosun Tourism Group's expected growth come at a high price?
Raw Data
DB:A2PAHL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
26.5%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:A2PAHL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.64x ÷ 26.5%

0.44x

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

  • Fosun Tourism Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Fosun Tourism Group's assets?
Raw Data
DB:A2PAHL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥6.58
SEHK:1992 Share Price * SEHK (2020-04-03) in HKD HK$6.28
SEHK:1992 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.915 CN¥5.74
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:A2PAHL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1992 Share Price ÷ Book Value per Share (both in CNY)

= 5.74 ÷ 6.58

0.87x

* Primary Listing of Fosun Tourism Group.

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

  • Fosun Tourism Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Fosun Tourism 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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Fosun Tourism Group has a total score of 6/6, 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 Fosun Tourism Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
26.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fosun Tourism Group expected to grow at an attractive rate?
  • Fosun Tourism Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Fosun Tourism Group's earnings growth is expected to exceed the Germany market average.
  • Fosun Tourism Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:A2PAHL Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:A2PAHL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 26.5%
DB:A2PAHL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 15.7%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:A2PAHL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:A2PAHL Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 23,831 4,583 868 1
2021-12-31 19,968 3,204 750 1
2020-12-31 11,062 6,946 30 1
2020-04-06
DB:A2PAHL Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 17,337 609
2019-09-30 18,001 831
2019-06-30 18,665 1,787 1,053
2019-03-31 17,467 1,212 681
2018-12-31 16,270 637 308
2018-09-30 14,276 809 3
2018-06-30 12,282 982 -302
2018-03-31 12,041 2,155 -249
2017-12-31 11,799 3,328 -197

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fosun Tourism Group's earnings are expected to grow significantly at over 20% yearly.
  • Fosun Tourism Group's revenue is expected to grow by 15.7% 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:A2PAHL 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 1 Analyst Estimates (S&P Global) See Below

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

DB:A2PAHL Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.99 1.28 0.70 2.00
2021-12-31 0.84 1.09 0.60 2.00
2020-12-31 0.04 0.08 0.00 2.00
2020-04-06
DB:A2PAHL Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 0.49
2019-09-30 0.67
2019-06-30 0.93
2019-03-31 0.64
2018-12-31 0.31
2018-09-30 0.00
2018-06-30 -0.30
2018-03-31 -0.25
2017-12-31 -0.39

*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.
  • Fosun Tourism Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Fosun Tourism 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.
Fosun Tourism Group has a total score of 4/6, 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 Fosun Tourism 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 Fosun Tourism Group's growth in the last year to its industry (Hospitality).
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.
  • Fosun Tourism Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Fosun Tourism Group's 1-year earnings growth exceeds its 5-year average (97.4% vs 86.5%)
  • Fosun Tourism Group's earnings growth has exceeded the DE Hospitality industry average in the past year (97.4% vs -36.8%).
Earnings and Revenue History
Fosun Tourism 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 Fosun Tourism Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:A2PAHL 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 17,337.17 608.72 3,430.28
2019-09-30 18,001.14 830.85 3,556.76
2019-06-30 18,665.10 1,052.98 3,598.88
2019-03-31 17,467.46 680.71 3,559.88
2018-12-31 16,269.82 308.44 3,520.88
2018-09-30 14,275.99 3.21 3,328.17
2018-06-30 12,282.16 -302.02 3,219.82
2018-03-31 12,040.78 -249.26 3,092.64
2017-12-31 11,799.39 -196.50 2,965.47
2016-12-31 10,782.98 -350.21 2,503.98
2015-12-31 9,711.89 -688.31 2,339.20

*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.
  • Fosun Tourism Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fosun Tourism Group used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Fosun Tourism Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Fosun Tourism 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 Hospitality 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.
Fosun Tourism Group has a total score of 4/6, 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 Fosun Tourism 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 Fosun Tourism Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fosun Tourism Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Fosun Tourism Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Fosun Tourism 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 1.3x 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 Fosun Tourism Group Company Filings, last reported 3 months ago.

DB:A2PAHL Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8,429.88 6,815.00 2,552.11
2019-09-30 8,429.88 6,815.00 2,552.11
2019-06-30 8,561.93 5,881.13 1,715.26
2019-03-31 8,561.93 5,881.13 1,715.26
2018-12-31 8,315.20 5,954.26 1,882.05
2018-09-30 8,315.20 5,954.26 1,882.05
2018-06-30 5,372.04 6,002.43 1,400.11
2018-03-31 5,372.04 6,002.43 1,400.11
2017-12-31 4,547.49 7,420.19 1,125.00
2016-12-31 1,165.77 9,256.11 1,335.29
2015-12-31 -675.65 7,548.35 539.33
  • Fosun Tourism Group's level of debt (80.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if Fosun Tourism Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (26.2%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.7x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Fosun Tourism 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. Fosun Tourism Group has a total score of 1/6, 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 Fosun Tourism 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
1.41%
Current annual income from Fosun Tourism Group dividends. Estimated to be 1.18% next year.
If you bought €2,000 of Fosun Tourism Group shares you are expected to receive €28 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?
  • Fosun Tourism Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Fosun Tourism Group's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:A2PAHL 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 1 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 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:A2PAHL Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.11 2.00
2021-12-31 0.09 2.00
2020-12-31 0.01 2.00
2020-04-06
DB:A2PAHL Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2020-03-17 0.081 1.417
2019-09-20 0.124 1.415
2019-08-19 0.126 1.538

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

  • It is too early to tell whether Fosun Tourism Group has stable dividend payments.
  • Fosun Tourism Group only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Fosun Tourism Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (6.6x coverage).
X
Income/ dividend checks
We assess Fosun Tourism 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 Fosun Tourism Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fosun Tourism Group has a total score of 2/6, 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 Fosun Tourism 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
Jim Qian
AGE 57
TENURE AS CEO 10.5 years
CEO Bio

Dr. Jiannong Qian, also known as Jim, Ph.D., serves as Chairman of the Board at Fosun Tourism Group since September 2016 and Executive Director since August 2018 was appointed as chief executive officer of the Group since the establishment of commercial business department in October 2009. He serves as Senior Vice President at Fosun International Limited. Dr. Qian serves as the President of Fosun Tourism & Commercial Group. He serves as a Co-President and Managing Director of China Momentum Fund, L.P. He is employed at Fosun Capital. He has been the President Assistant and Director of Business Affairs Division at Fosun since October 2009. He has experience in domestic and overseas retail and investment industries. He served as Vice President of Fosun International Limited. He took the lead of the team in finishing a series of investment in Club Med (France), Folli Follie (Greece), Atlantis (PRC), Vigor Kobo (Taiwan), Secret Recipe (Malaysia), CITS (PRC), Osborne (Spain) and Thomas Cook (UK). He served as a Co-Chief Executive Officer of China Nepstar Chain Drugstore Ltd. from January 2009 to August 2009. He served as the Chief Executive Officer of China Nepstar Chain Drugstore Ltd. from August 2006 to January 2009. He served as Vice General Manager of Wumart Stores Inc. from 2005 to 2006. He served as Senior Manager of Metro Germany. He served as Vice President of OBI (China) Management System Co., Ltd., a subsidiary of OBI Heimwerkermaerkte AG from 2003 to 2005. From 2002 to 2003, he served as an Assistant General Manager of China Resources Vanguard Co., Ltd. From 1997 to 2001, he served at Metro AG, where his last position was the Senior Manager of Food Purchase Department. From 1994 to 1997, he worked as a Senior Manager of Weixing Company Group. He serves as a Non Executive Director at Grupo Osborne, S.A. He served as a Non-Executive Director of Folli-Follie Commercial Manufacturing and Technical Societe Anonyme (formerly, Folli Follie Commercial Manufacturing and Technical SA) until June 8, 2018. He has been a Director at Club Méditerranée since July 29, 2010. He serves as a Director of Club Med. He served as a Director of China Nepstar Chain Drugstore Ltd. since August 2006. From 1990 to 1994, he was Member and the Chairman of General Council of the Chinese Economists’ Association in Germany. From 1983 to 1987, he was Lecturer of Shanghai University of Finance and Economics. Dr. Qian received a BA in Economics from Shandong University in 1983, a Master's degree in Economics from University of Essen in Germany from 1994 and studied in the Doctoral Program in Economics in University of Duisburg-Essen from 1992 to 1994.

CEO Compensation
  • Insufficient data for Jim to compare compensation growth.
  • Insufficient data for Jim to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Fosun Tourism Group management team in years:

0.5
Average Tenure
45
Average Age
  • The average tenure for the Fosun Tourism Group management team is less than 2 years, this suggests a new team.
Management Team

Jim Qian

TITLE
Executive Chairman & CEO
AGE
57
TENURE
10.5 yrs

Henri Giscard d’Estaing

TITLE
Deputy CEO & Vice Chairman
AGE
62
TENURE
1.8 yrs

Ming Long Cao

TITLE
Co-President & President of The Tourism Destination Construction Management Center
AGE
53
TENURE
0.1 yrs

Qing Guo

TITLE
Co-President & President of The Tourism Destination Business Development & Operation Mgmt Center
AGE
45
TENURE
0.3 yrs

Wenping Wang

TITLE
CFO, VP & Executive Director
AGE
40
TENURE
3 yrs

Bingbin Xu

TITLE
Co-CFO & VP
AGE
37
TENURE
0.3 yrs

Yuenan Wang

TITLE
VP & GM of HR
AGE
43

Michel Wolfovski

TITLE
Deputy CEO & CFO of Club Med
AGE
62
TENURE
0.3 yrs

Ching Ching Leung

TITLE
Company Secretary
AGE
38
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Fosun Tourism Group board of directors in years:

1.5
Average Tenure
56
Average Age
  • The average tenure for the Fosun Tourism Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Qian

TITLE
Executive Chairman & CEO
AGE
57
TENURE
3.6 yrs

Henri Giscard d’Estaing

TITLE
Deputy CEO & Vice Chairman
AGE
62
TENURE
1.7 yrs

Wenping Wang

TITLE
CFO, VP & Executive Director
AGE
40
TENURE
1.7 yrs

Yongqing Guo

TITLE
Independent Non-Executive Director
AGE
45
TENURE
1.4 yrs

Katherine Xin

TITLE
Independent Non-executive Director
AGE
55
TENURE
1.4 yrs

Allan Zeman

TITLE
Independent Non-Executive Director
AGE
71
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Fosun Tourism Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
28. Mar 20 Buy Jiannong Qian Individual 27. Mar 20 27. Mar 20 100,000 €0.78 €77,790
X
Management checks
We assess Fosun Tourism 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. Fosun Tourism 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

Fosun Tourism Group, an investment holding company, provides resort services in Europe, the Middle East, Africa, the United States, and the Asia Pacific. The company’s Resorts segment operates vacation resorts under the Club Med and Club Med Joyview brands, as well as offers ancillary travel and transportation services. Its facilities include accommodations, and sports and leisure facilities; and entertainment, childcare, and meal facilities, as well as an open bar. As of June 30, 2018, it had 17 owned, 43 leased, and 9 management contract operated resorts. Its Tourism Destinations segment engages in the development, management, and operation of facilities for sightseeing, amusement, leisure entertainment, and leisure vacation; facilities supporting tourism, including restaurants in tourism and ancillary areas, vacation apartments for letting, and sites for commercial and tourism service management; and facilities indirectly supporting tourism comprising vacation residences for sale and neighborhoods. This segment offers services under the Atlantis Sanya brand. The company’s Services and Solutions in Various Tourism and Leisure Settings segment is involved in the development and promotion of the cultural events, performing arts, live entertainment, and culture-related services; and operation of online and offline tourism and leisure products, and solution platforms. It operates Miniversity, a learning and playing club for children; and FOLIDAY platform. The company serves individuals and groups; owners of resorts; visitors of tourism destinations; purchasers of tourism-related vacation units; and owners and concession right holders of tourism destinations. The company was formerly known as Fosun Tourism and Culture Group (Cayman) Company Limited and changed its name to Fosun Tourism Group in August 2018. Fosun Tourism Group was founded in 2009 and is headquartered in Shanghai, China. Fosun Tourism Group is a subsidiary of Fosun International Limited.

Details
Name: Fosun Tourism Group
A2PAHL
Exchange: DB
Founded: 2009
HK$927,283,176
1,235,045,383
Website: http://www.fosunholiday.com
Address: Fosun Tourism Group
Tower S1,
18th Floor,
Shanghai,
200010,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1992 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 14. Dec 2018
DB A2PAHL Ordinary Shares Deutsche Boerse AG DE EUR 14. Dec 2018
SHSC 1992 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 14. Dec 2018
SZSC 1992 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 14. Dec 2018
Number of employees
Current staff
Staff numbers
16,177
Fosun Tourism Group employees.
Industry
Hotels, Resorts and Cruise Lines
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:50
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/03/17
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.