FIT Hon Teng Limited - FITGF

FITGF Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
FITGF	0	27.1	21.5	42.6	62.7	155.0	95.8	13.0	13.0	13.0
S&P 500	-1.3	-1.8	1.0	5.9	10.6	30.4	25.4	88.1	187.6	33142.5

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	FITGF
name	FIT Hon Teng Limited
price	0.41
changes percentage	0
change	0
day low	0.32
day high	0.41
year high	0.48
year low	0.11
market cap	2881573615
price avg 50	0.32
price avg 200	0.29
exchange	PNK
volume	9189
avg volume	4236
open	0.32
previous close	0.32
eps	0.02
pe	20.34
earnings announcement	2024-11-13T10:59:00.000+0000
shares outstanding	7085256000
timestamp	2024-11-14 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 45.3%

Overall Quarterly Financial Health: 16.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	4205365476	4530603000	-7.18
gross profit	724213340	767835000	-5.68
gross profit ratio	0.17	0.17	1.61
research and development expenses	320396000	295705000	8.35
operating expenses	544309000	508867000	6.96
interest income	30121000	16900000	78.23
interest expense	63367000	30570000	107.28
ebitda	485689617	510922000	-4.94
ebitdaratio	0.12	0.12	-2.13
operating income	262831000	307384000	-14.49
operating income ratio	0.06	0.07	-7.88
net income	128969000	169619000	-23.97
net income ratio	0.03	0.04	-18.09
eps	0.02	0.02	-25.10

Overall Score of Annual Income Statement

0.14 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 4,205 million in 2023 from 4,531 million in 2022 representing a change of -7.18%. This indicates a sales shrinking, which is a negative sign for the company.

  Gross Profit: Gross Profit decreased to 724 million in 2023 from 768 million in 2022 representing a change of -5.68%. This indicates a sales profitability decline, which is a negative sign for the company.

  Operating Expenses: Operating Expenses increased to 544 million in 2023 from 509 million in 2022 representing a change of 6.96%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 486 million in 2023 from 511 million in 2022 representing a change of -4.94%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 263 million in 2023 from 307 million in 2022 representing a change of -14.49%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 129 million in 2023 from 170 million in 2022 representing a change of -23.97%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Research and Development (R&D) Expenses: R&D Expenses increased to 320 million in 2023 from 296 million in 2022 representing a change of 8.35%. This shows that the company continues to invest in innovation and product development, which is crucial for long-term growth.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
revenue	1033380000	1033380000	0.00
gross profit	210596500	210596500	0.00
gross profit ratio	0.2	0.2	0.00
research and development expenses	85803000	85803000	0.00
operating expenses	164009000	164009000	0.00
interest income	14600773	0	NaN
interest expense	40065282	0	NaN
ebitda	104650000	104650000	0.00
ebitdaratio	0.1	0.1	0.00
operating income	46587500	46587500	0.00
operating income ratio	0.05	0.05	0.00
net income	16262000	16262000	0.00
net income ratio	0.02	0.02	0.00
eps	0.0	0.0	0.00

Overall Score of Quarterly Income Statement

0.5 out of 1

Detailed Analysis

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	5092353847	4547183000	11.99
total liabilities	2655637214	2200244000	20.70
total equity	2437377307	2346939000	3.85
cash and cash equivalents	1316364000	914045000	44.02
short term investments	980000	65829000	-98.51
long term investments	131532000	127964000	2.79
total current assets	3111146581	2763996000	12.56
total non current assets	1981207266	1783187000	11.10
total current liabilities	2563486000	1539360000	66.53
total non current liabilities	92846799	660884000	-85.95
common stock	142382000	142160000	0.16
retained earnings	1943861000	1732502562	12.20
total debt	1435269000	1078536000	33.08

Overall Score of Annual Balance Sheet

0.6 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 5,092 million in 2023 from 4,547 million in 2022 representing a change of 11.99%. Suggesting a growth in asset holdings.

  Total Equity: Total Equity increased to 2,437 million in 2023 from 2,347 million in 2022 representing a change of 3.85%. This indicates an increase in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 1,316 million in 2023 from 914 million in 2022 representing a change of 44.02%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 3,111 million in 2023 from 2,764 million in 2022 representing a change of 12.56%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 142 in 2023 from 142 in 2022 representing a change of 0.16%. This indicates an increase in ownership interest.

  Retained Earnings: Retained Earnings increased to 1,944 million in 2023 from 1,733 million in 2022 representing a change of 12.2%. This indicates an accumulated profits.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 2,656 million in 2023 from 2,200 million in 2022 representing a change of 20.7%. This indicates an increase in overall liabilities.

  Short Term Investments: Short Term Investments decreased to 1 million in 2023 from 66 million in 2022 representing a change of -98.51%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 2,563 million in 2023 from 1,539 million in 2022 representing a change of 66.53%. This indicates a higher short-term debt burden.

  Total Debt: Total Debt increased to 1,435 million in 2023 from 1,079 million in 2022 representing a change of 33.08%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
total assets	4963273000	4963273000	0.00
total liabilities	2577675000	2577675000	0.00
total equity	2385598000	2385598000	0.00
cash and cash equivalents	1025652000	1025652000	0.00
short term investments	187004000	187004000	0.00
long term investments	135772000	135772000	0.00
total current assets	2997585000	2997585000	0.00
total non current assets	1965688000	1965688000	0.00
total current liabilities	1893614000	1893614000	0.00
total non current liabilities	684061000	684061000	0.00
common stock	142382000	142382000	0.00
retained earnings	1874198000	1874198000	0.00
total debt	1552905000	1500770000	3.47

Overall Score of Quarterly Balance Sheet

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Debt: Total Debt increased to 1,553 million in 2024Q2 from 1,501 million in 2024Q1 representing a change of 3.47%. This indicates an increase in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	390750325	144598000	170.23
operating cash flow	541644217	556453000	-2.66
free cash flow	230342628	425013000	-45.80
capital expenditure	-311301589	-131440000	-136.84
depreciation and amortization	220297000	232400000	-5.21
deferred income tax	0	-34485000	100.00
stock based compensation	868000	3929000	-77.91
accounts payables	-572335	-305455536	99.81
inventory	217395408	20531000	958.86
acquisitions net	-199001000	-7350000	-2,607.50
investments in property plant and equipment	-267809000	-131440000	-103.75
net cash used for investing activites	-410212000	-66164000	-519.99
debt repayment	312495000	-237707000	231.46
common stock issued	0	0	NaN
common stock repurchased	-968000	-1962000	50.66
dividends paid	0	0	NaN
net cash used provided by financing activities	312255816	-270239000	215.55
cash at end of period	1318966010	914045000	44.30
accounts receivables	-65120994	374195812	-117.40
cash at beginning of period	928215685	769447000	20.63

Overall Score of Annual Cashflow Statement

0.62 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 391 million in 2023 from 145 million in 2022 representing a change of 170.23%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to -311 million in 2023 from -131 million in 2022 representing a change of -136.84%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 1 million in 2023 from 4 million in 2022 representing a change of -77.91%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 1 million in 2023 from 305 million in 2022 representing a change of 99.81%. This indicates that the company has reduced its outstanding obligations to its suppliers.

  Accounts Receivables: Accounts Receivables decreased to -65 million in 2023 from 374 million in 2022 representing a change of -117.4%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to 542 million in 2023 from 556 million in 2022 representing a change of -2.66%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 230 million in 2023 from 425 million in 2022 representing a change of -45.8%. This indicates a decrease in cash generated after accounting for capital expenditures.

  Deferred Income Tax: Deferred Income Tax increased to 0 million in 2023 from -34 million in 2022 representing a change of 100.0%. This indicates that the company's tax liability for future periods has increased.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000000000
operating cash flow	-20861000	-20861000	0.00
free cash flow	-125764000	-125764000	0.00
capital expenditure	-104903000	-104903000	0.00
depreciation and amortization	68579000	68579000	0.00
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-104903000	-104903000	0.00
net cash used for investing activites	-317097562	-151085000	-109.88
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	48826500	48826500	0.00
net change in cash	-293743326	-145356000	-102.09
cash at end of period	1025222684	-145356000	805.32
cash at beginning of period	1318966010	0	NaN

Overall Score of Quarterly Cashflow Statement

0.0 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -294 million in 2024Q2 from -145 million in 2024Q1 representing a change of -102.09%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.59	0.65	-8.32
net income per share	0.02	0.02	-24.90
operating cash flow per share	0.08	0.08	-3.86
free cash flow per share	0.03	0.06	-46.47
cash per share	0.19	0.14	32.78
book value per share	0.34	0.34	2.54
tangible book value per share	0.25	0.25	-0.23
shareholders equity per share	0.34	0.34	2.53
interest debt per share	0.2	0.15	34.98
market cap	1133598720	1917348154.0	-40.88
enterprise value	1252503720	2081839154.0	-39.84
pe ratio	8.79	11.3	-22.24
price to sales ratio	0.27	0.42	-36.30
pocfratio	2.09	3.45	-39.26
pfcf ratio	4.92	4.51	9.09
pb ratio	0.47	0.82	-43.05
ptb ratio	0.47	0.82	-43.05
ev to sales	0.3	0.46	-35.18
enterprise value over ebitda	2.58	4.07	-36.71
ev to operating cash flow	2.31	3.74	-38.19
ev to free cash flow	5.44	4.9	11.01
earnings yield	0.11	0.09	28.60
free cash flow yield	0.2	0.22	-8.33
debt to equity	0.57	0.44	29.62
debt to assets	0.27	0.23	20.16
net debt to ebitda	0.24	0.32	-23.96
current ratio	1.21	1.8	-32.41
interest coverage	4.15	10.06	-58.75
income quality	3.02	2.24	34.49
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.05	0.03	58.18
research and ddevelopement to revenue	0.08	0.07	16.73
intangibles to total assets	0.14	0.14	-0.43
capex to operating cash flow	0.57	0.24	143.31
capex to revenue	0.07	0.03	155.16
capex to depreciation	1.41	0.57	149.85
stock based compensation to revenue	0.0	0.0	-76.20
graham number	0.38	0.43	-12.25
roic	0.05	0.06	-20.60
return on tangible assets	0.03	0.04	-32.15
graham net net	-0.05	-0.03	-70.36
working capital	547660581	1224636000	-55.28
tangible asset value	1736425633	1718930000	1.02
net current asset value	455509367	563752000	-19.20
invested capital	2184992581	2642252000	-17.31
average receivables	779465000	892076500	-12.62
average payables	661943500	717020000	-7.68
average inventory	884296500	974598000	-9.27
days sales outstanding	71.47	59.25	20.63
days payables outstanding	69.53	64.09	8.48
days of inventory on hand	84.07	93.78	-10.36
receivables turnover	5.11	6.16	-17.10
payables turnover	5.25	5.69	-7.82
inventory turnover	4.34	3.89	11.55
roe	0.05	0.07	-26.76
capex per share	0.04	0.02	133.92

• Negative

  ROE: Return on Equity (ROE) decreased to 0.05 on 2023-12-31 from 0.07 on 2022-12-31, representing a change of -26.76%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to 8.79 on 2023-12-31 from 11.30 on 2022-12-31, representing a change of -22.24%. Indicating a decrease in the relative valuation of the company's stock.

• Neutral

  Current Ratio: Current Ratio decreased to 1.21 on 2023-12-31 from 1.80 on 2022-12-31, representing a change of -32.41%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to 0.57 on 2023-12-31 from 0.44 on 2022-12-31, representing a change of 29.62%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
FITGF
calendar year	2024	2024	NaN
revenue per share	0.15	0.15	0.00
net income per share	0.0	0.0	0.00
operating cash flow per share	-0.0	-0.0	0.00
free cash flow per share	-0.02	-0.02	0.00
cash per share	0.17	0.17	0.00
book value per share	0.34	0.34	0.00
tangible book value per share	0.24	0.24	0.00
shareholders equity per share	0.34	0.34	0.00
interest debt per share	0.22	0.21	2.67
market cap	3135483659.71	1771459694.75	77.00
enterprise value	3662736659.71	2246577694.75	63.04
pe ratio	48.2	27.23	77.00
price to sales ratio	3.03	1.71	77.00
pocfratio	-150.3	-84.92	-77.00
pfcf ratio	-24.93	-14.09	-77.00
pb ratio	1.32	0.74	77.00
ptb ratio	1.32	0.74	77.00
ev to sales	3.54	2.17	63.04
enterprise value over ebitda	35.0	21.47	63.04
ev to operating cash flow	-175.58	-107.69	-63.04
ev to free cash flow	-29.12	-17.86	-63.04
earnings yield	0.01	0.01	-43.50
free cash flow yield	-0.04	-0.07	43.50
debt to equity	0.63	0.63	0.00
debt to assets	0.3	0.3	0.00
net debt to ebitda	5.04	4.54	10.97
current ratio	1.58	1.58	0.00
interest coverage	1.16	0	NaN
income quality	-1.28	-1.28	0.00
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.06	0.06	0.00
research and ddevelopement to revenue	0.08	0.08	0.00
intangibles to total assets	0.14	0.14	0.00
capex to operating cash flow	-5.03	-5.03	0.00
capex to revenue	0.1	0.1	0.00
capex to depreciation	1.53	1.53	0.00
stock based compensation to revenue	0	0	NaN
graham number	0.13	0.13	0.00
roic	0.01	0.01	0.00
return on tangible assets	0.0	0.0	0.00
graham net net	-0.05	-0.05	0.00
working capital	1103971000	1103971000	0.00
tangible asset value	1704780000	1704780000	0.00
net current asset value	419910000	419910000	0.00
invested capital	2793025000	2793025000	0.00
average receivables	820348000	821918000	-0.19
average payables	570149000	616644000	-7.54
average inventory	813982000	807782218	0.77
days sales outstanding	71.45	71.45	0.00
days payables outstanding	62.37	62.37	0.00
days of inventory on hand	89.04	89.04	0.00
receivables turnover	1.26	1.26	0.00
payables turnover	1.44	1.44	0.00
inventory turnover	1.01	1.01	0.00
roe	0.01	0.01	0.00
capex per share	0.01	0.01	0.00

• Negative

  ROE: Return on Equity (ROE) decreased to 0.01 on 2024-06-30 Q2 from 0.01 on 2024-03-31 Q1, representing a change of 0.00%. Suggesting that the company has not been generating high returns for its shareholders.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 48.20 on 2024-06-30 Q2 from 27.23 on 2024-03-31 Q1, representing a change of 77.00%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.63 on 2024-06-30 Q2 from 0.63 on 2024-03-31 Q1, representing a change of 0.00%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Neutral

  Current Ratio: Current Ratio decreased to 1.58 on 2024-06-30 Q2 from 1.58 on 2024-03-31 Q1, representing a change of 0.00%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. However, it is still above 1, indicating the ability to cover short-term obligations.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.11 which is lower than current price 0.41, indicates the company may be overvalued.