Fortune Real Estate Investment Trust
HKEX:778

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Fortune Real Estate Investment Trust Logo
Fortune Real Estate Investment Trust
HKEX:778
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Price: 3.91 HKD -2.01% Market Closed
Market Cap: 7.9B HKD
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Intrinsic Value

The intrinsic value of one Fortune Real Estate Investment Trust stock under the Base Case scenario is 6.15 HKD. Compared to the current market price of 3.91 HKD, Fortune Real Estate Investment Trust is Undervalued by 36%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

Intrinsic Value
6.15 HKD
Undervaluation 36%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Fortune Real Estate Investment Trust

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Fundamental Analysis

Economic Moat
Fortune Real Estate Investment Trust

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Fortune Real Estate Investment Trust

Current Assets 205.1m
Cash & Short-Term Investments 106.7m
Receivables 60.3m
Other Current Assets 38.1m
Non-Current Assets 39.3B
Long-Term Investments 39B
Other Non-Current Assets 307.9m
Current Liabilities 1.7B
Accounts Payable 493.8m
Accrued Liabilities 217k
Other Current Liabilities 1.3B
Non-Current Liabilities 9.7B
Long-Term Debt 9B
Other Non-Current Liabilities 687.3m
Efficiency

Earnings Waterfall
Fortune Real Estate Investment Trust

Revenue
1.7B HKD
Cost of Revenue
-605.9m HKD
Gross Profit
1.1B HKD
Operating Expenses
-7.9m HKD
Operating Income
1.1B HKD
Other Expenses
-1.6B HKD
Net Income
-470.4m HKD

Free Cash Flow Analysis
Fortune Real Estate Investment Trust

Last Value
3-Years Average
FCF Margin
Conversion Rate
Fundamental Scores

Profitability Score
Profitability Due Diligence

Fortune Real Estate Investment Trust's profitability score is 60/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Gross Profit
Positive Operating Income
Positive 3-Year Average ROIC
60/100
Profitability
Score

Fortune Real Estate Investment Trust's profitability score is 60/100. 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 33/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Low Altman Z-Score
Short-Term Solvency
33/100
Solvency
Score

Fortune Real Estate Investment Trust's solvency score is 33/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Fortune Real Estate Investment Trust

Wall Street analysts forecast Fortune Real Estate Investment Trust stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Fortune Real Estate Investment Trust is 5.02 HKD with a low forecast of 4.55 HKD and a high forecast of 5.48 HKD.

Lowest
Price Target
4.55 HKD
16% Upside
Average
Price Target
5.02 HKD
28% Upside
Highest
Price Target
5.48 HKD
40% Upside
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Dividends

Dividend Yield
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Dividend Per Share
N/A
Growth 3Y
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Growth 10Y
Dividend Safety Score
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Safe
0
25
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100
Shareholder Yield

Current shareholder yield for Fortune Real Estate Investment Trust is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
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Profile

Fortune Real Estate Investment Trust Logo
Fortune Real Estate Investment Trust

Country

Hong Kong

Industry

Real Estate

Market Cap

7.9B HKD

Dividend Yield

9.27%

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

Unit 901, Level 9, Fortune Metropolis, 6 Metropolis Drive, Hunghom, Kowloon
+85221690928.0
www.fortunereit.com

IPO

2010-04-20

Employees

-

Officers

CEO & Executive Director of ARA Asset Management (Fortune) Limited
Ms. Yu Chiu CFA
Chief Financial Officer
Ms. Yuki Ng
Senior Director of Investments & Investor Relations of ARA Asset Management (Fortune) Limited
Ms. Yuen Chun Hung
Company Secretary of ARA Asset Management (Fortune) Limited
Ms. Mei Mei Low

See Also

Discover More
What is the Intrinsic Value of one Fortune Real Estate Investment Trust stock?

The intrinsic value of one Fortune Real Estate Investment Trust stock under the Base Case scenario is 6.15 HKD.

Is Fortune Real Estate Investment Trust stock undervalued or overvalued?

Compared to the current market price of 3.91 HKD, Fortune Real Estate Investment Trust is Undervalued by 36%.

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