Fortune Real Estate Investment Trust
HKEX:778
Intrinsic Value
Fortune Real Estate Investment Trust is a holding company, which engages in the acquisition and management of real estate properties. [ Read More ]
The intrinsic value of one
Fortune Real Estate Investment Trust
stock under the Base Case scenario is
6.62
HKD.
Compared to the current market price of 3.8 HKD,
Fortune Real Estate Investment Trust
is
Undervalued by 43%.
Fortune Real Estate Investment Trust's market capitalization is 7.7B HKD.
Fortune Real Estate Investment Trust stock price is 3.8 HKD.
Fortune Real Estate Investment Trust stock price (3.8 HKD) is 43% less than its Intrinsic Value (6.62 HKD).
Fortune Real Estate Investment Trust stock price (3.8 HKD) is 26% less than its DCF Value (5.13 HKD). Open DCF Valuation
Fortune Real Estate Investment Trust stock price (3.8 HKD) is 53% less than its Relative Value (8.11 HKD). Open Relative Valuation
Fortune Real Estate Investment Trust has upside potential of 53% compared to the average analyst price target.
Open Wall St Estimates
Fortune Real Estate Investment Trust's Revenue has grown by 1% over the past 12 months.
Fortune Real Estate Investment Trust's Revenue is forecast to grow at a rate of 2% per year over the next 3 years.
Fortune Real Estate Investment Trust's Revenue has been falling by 1% per year for the last 3 years.
Fortune Real Estate Investment Trust's ROE (Return on Equity) has increased in the last 3 years from -10% to -1%, and is approaching profitability.
Fortune Real Estate Investment Trust's ROE (Return on Equity) for the past 12 months is negative and is equal to -1%.
Fortune Real Estate Investment Trust has positive three-year average ROIC (Return on Invested Capital): 18%. The company is efficient at using invested capital to generate operating income.
Fortune Real Estate Investment Trust has negative Net Income for the last twelve months.
Fortune Real Estate Investment Trust's ROIC (Return on Invested Capital) has significantly increased in the last 3 years from 3% to 111%.
Fortune Real Estate Investment Trust has negative three-year average ROE (Return on Equity): 0%. The company is not efficient at transforming stockholders' equity into net income.
Fortune Real Estate Investment Trust has positive Operating Income for the last twelve months.
Fortune Real Estate Investment Trust's ROIC (Return on Invested Capital) for the past 12 months is very high and is equal to 111%.
Fortune Real Estate Investment Trust has positive Gross Profit for the last twelve months.
Fortune Real Estate Investment Trust's D/E (Debt to Equity) is very low and is equal to 0.32.
Fortune Real Estate Investment Trust has positive Free Cash Flow for the last twelve months.
Fortune Real Estate Investment Trust's long-term assets (40B HKD) exceed its long-term liabilties (11B HKD).
Fortune Real Estate Investment Trust's short-term liabilties (2B HKD) exceed its short-term assets (205m HKD).
Fortune Real Estate Investment Trust has positive Net Debt. This means that the company has more debt (9B HKD) than cash and short-term investments (107m HKD).
Fortune Real Estate Investment Trust's Altman Z-Score is very low and is equal to 0.62.
Fortune Real Estate Investment Trust generates enough operating income (1B HKD) to cover interest payments on its debt (299m HKD).
Valuation Backtest
Fortune Real Estate Investment Trust
Run backtest to discover the historical profit from buying and selling
Fortune Real Estate Investment Trust
stocks based on their intrinsic value.
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Fundamental Analysis
Fortune Real Estate Investment Trust
Balance Sheet Decomposition
Fortune Real Estate Investment Trust
| Current Assets | 205.1m |
| Cash & Short-Term Investments | 106.7m |
| Receivables | 93.8m |
| Other Current Assets | 4.6m |
| Non-Current Assets | 39.3B |
| Long-Term Investments | 39B |
| Other Non-Current Assets | 307.9m |
| Current Liabilities | 1.7B |
| Accounts Payable | 697.9m |
| Other Current Liabilities | 1B |
| Non-Current Liabilities | 9.7B |
| Long-Term Debt | 9B |
| Other Non-Current Liabilities | 687.3m |
Earnings Waterfall
Fortune Real Estate Investment Trust
|
Revenue
|
1.8B
HKD
|
|
Cost of Revenue
|
-604.6m
HKD
|
|
Gross Profit
|
1.2B
HKD
|
|
Operating Expenses
|
-8.3m
HKD
|
|
Operating Income
|
1.2B
HKD
|
|
Other Expenses
|
-1.3B
HKD
|
|
Net Income
|
-154.9m
HKD
|
Free Cash Flow Analysis
Fortune Real Estate Investment Trust
Profitability Score
Profitability Due Diligence
Fortune Real Estate Investment Trust's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Score
Fortune Real Estate Investment Trust's profitability score is 64/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Fortune Real Estate Investment Trust's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Score
Fortune Real Estate Investment Trust's solvency score is 31/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Fortune Real Estate Investment Trust
According to Wall Street analysts, the average 1-year price target for
Fortune Real Estate Investment Trust
is 5.8 HKD
with a low forecast of 4.85 HKD and a high forecast of 7.04 HKD.
Shareholder Return
Price
Fortune Real Estate Investment Trust
| Average Annual Return | -5.36% |
| Standard Deviation of Annual Returns | 16.13% |
| Max Drawdown | -62% |
| Market Capitalization | 7.7B HKD |
| Shares Outstanding | 2 014 670 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Fortune Real Estate Investment Trust
Country
Industry
Market Cap
Dividend Yield
Description
Fortune Real Estate Investment Trust is a holding company, which engages in the acquisition and management of real estate properties. The principal activity of Fortune REIT is investment holding. The Company, through its subsidiaries owns and invests in a portfolio of retail shopping malls located in Hong Kong. The company holds a portfolio of approximately 20 private housing estate retail properties in Hong Kong consisting of approximately three million square feet of retail space and 2,710 car parking spaces. Its retail properties include Fortune City One, Fortune Kingswood, Fortune Metropolis, Ma On Shan Plaza, Metro Town, Laguna Plaza, Waldorf Avenue, Caribbean Square, Jubilee Square, Belvedere Square, Smartland, Lido Avenue, Provident Square, Centre de Laguna and Hampton Loft. The company house tenants from various trade sectors, such as supermarkets, food and beverage outlets, banks, real estate agencies and education providers. The company is managed by ARA Asset Management (Fortune) Limited, which is a subsidiary of ARA Asset Management Limited.
Contact
IPO
Employees
Officers
The intrinsic value of one
Fortune Real Estate Investment Trust
stock under the Base Case scenario is
6.62
HKD.
Compared to the current market price of 3.8 HKD,
Fortune Real Estate Investment Trust
is
Undervalued by 43%.
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