Sunday, March 15, 2015

Fu Yu Corporation - My CNAV Analysis

This CNAV Analysis was triggered from a post by B of A Path To Forever Financial Freedom (click here to read more of his original post) and subsequent request via Facebook comments. Hence, this CNAV analysis is more to accede to a request and not because I am interested in the counter ;-)

Having said that, I do enjoy doing such analysis as it will help me sharpen my saw (in stock analysis) as well as let me expose more to the counters that I've never heard of in the first place. Like this particular one that I am about to share.   

Without further ado, here we go...

Stock In Evaluation : Fu Yu Corporation [F13.SI]

The Key Quantitative Indicators of CNAV Strategy (basing on 2014 Annual Report figures, source : Yahoo Finance):

Net Asset Value (NAV) = $0.2576
Conservative Net Asset Value (CNAV2) = $0.1388
Current Price = $0.11
Discount For CNAV2 = 21%

Conclusion : Since it is a POSITIVE "Discount for CNAV2", it means that the stock is traded at a discount (from CNAV perspective). 

The P.O.F Scores of CNAV Strategy:
Profitability Score = 1 (With the PE ratio of 8.1)

Operational Efficiency = 1 (positive cash flows for the past 3 years)

Financial Efficiency = 1 (Debt To Equity Ratio of 35%)

Conclusion : A perfect P.O.F Scoring.

Additional Notes : Fu Yu Corporation has not been paying dividend for the past few years and hence if you are looking for Dividend Income stock, this is not one for you ;-)
Final Conclusion : From CNAV Strategy perspective, this is definitely one of the stock fitting the bills. 



  1. Replies
    1. cw8888 : noted your view. So r u vested? ;-)

    2. Thought it could have bankrupted but it still manage to survive. Fu Yu was once market darling in 200X before GFC

    3. CW8888 : OIC. Missunderstood your initial comment ;-)

  2. If we take away net gain due to properties sale and forex, Fuyu will still making a loss of $6.3M in 2013. Again if 2014, there is a gain from sales of property of 10M, hence the operating profit should be 1.2M; EPS 84X.

    Agree that it is asset play. One will need extra patient to wait for Mr. market to recognize its value. It needs a catalyst, i.e. profit.

    1. Ray Ng : thanks for providing additional insights..

  3. is Fu Yu an S-Chip?
    How real are the numbers?

    1. Felix : I think this counter is not a S-Chip... but I might be wrong... ;-)


Like What You See? Subscribe To Us Here...

* indicates required