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Alberto Abaterusso
Alberto Abaterusso
Articles (578) 

Fang Holdings to Release Figures From 1st Quarter

Analysts expect China's leading real estate internet portal will close the quarter with a loss of 1 cent

June 19, 2017 | About:

Fang Holdings Ltd. (NYSE:SFUN) – China's leading real estate internet portal headquartered in Beijing – is going to release the figures for the first quarter on June 20 before the New York Stock Exchange opens.

For the first quarter, analysts forecast that Fang Holdings will report a loss of 1 cent per share. This is an average of four analysts’ estimates on first-quarter Fang Holdings' earnings. It ranges between a loss of 2 cents and an EPS of 2 cents. This average forecast represents a 95.8% increase from the first quarter of one year ago when the leading real estate internet portal in China closed the comparable period reporting a loss of 24 cents.

Source: Yahoo Finance

Analysts based their expectations on Fang Holdings' first-quarter earnings on revenue forecasted to come in at $124.71 million on average, ranging between a low of $77.81 million and a high of $164.3 million for the quarter in question.

Source: Yahoo Finance

The average figure of revenue for the quarter in question is the result of five analysts who were surveyed and represents a 39.10% decline from the revenue of the comparable quarter of 2016.

Fang Holdings closed at $3.49 per share, up 9 cents or plus 2.65% from the previous trading day with a volume of 1,833,560 shares traded on the stock market versus an average volume of 1.51 million shares traded over the last 10 trading days and versus an average volume of 2.23 million shares traded over the last three trading months.

The company has about 442.02 million shares outstanding, of which 241.48 million is float. The market capitalization of Fang Holdings is $1.54 billion, the price-earnings (P/E) ratio is -9.64, the price-book (P/B) ratio is 3.16, and the price-sales (P/S) ratio is 1.68.

Analysts set a forward P/E ratio of 19.39 that multiplied by an average EPS of 8 cents, as forecasted for full-year 2017, gives us a value of $1.55 per share. Therefore, the stock may look overvalued by the market at the moment.

While analysts still see a 28.4% upside in the share price with a target price per share of $4.48, the current consensus is for holding shares of Fang Holdings.

Fang Holdings had about $379.46 million in cash on hand and securities as of Dec. 31, 2016, or 86 cents per share. The current ratio (MRQ) is 1.14 versus an industry average of 4.53.

The total debt amounted to $573.19 million for a total debt to equity (mrq) ratio of 117.50. Approximately 41 percentage points above the industry average of 76.60.

The company produced $131.24 million from operations over the last 12 trailing months with $33.09 million being the amount that Fang Holdings can invest in growing the company's business. Analysts paint a positive picture of Fang Holdings, forecasting 125% growth from 2017 to 2018 and 266% growth per annum for the next five years.

During the first quarter of 2017, Chris Davis increased the position in Fang Holdings by 17.26% to a total volume of 20,435,842 shares held.

Disclosure: I have no positions in Fang Holdings.

About the author:

Alberto Abaterusso
Alberto Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds a MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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GuruFocus has detected 4 Warning Signs with Fang Holdings Ltd $SFUN.
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