Future Bright Holdings (HKSE:00703) GF Value Rank : 0 (As of May. 28, 2024)

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What is Future Bright Holdings GF Value Rank?

Future Bright Holdings has the GF Value Rank of 0.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Future Bright Holdings (HKSE:00703) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Future Bright Holdings Ltd (HKSE:00703) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 21-24 Connaught Road West, Units 803-804, 8th Floor, Seaview Commercial Building, Sheung Wan, Hong Kong, HKG

Website

https://www.fb.com.hk

Future Bright Holdings Ltd is principally engaged in food and catering businesses. The company operates through three segments. The food and Catering segment is engaged in the sales of food and the provision of catering services in Macau, Mainland China, Taiwan, and Hong Kong. It has Japanese restaurants, Chinese restaurants, western restaurants, and food court counters, among others. The food Souvenir segment is engaged in the sales of food souvenirs, including festival food products. The Property Investment segment is engaged in the leasing of properties. The food and Catering segment contributes majorly to the firm's revenue. The firm generates most of its revenue from Macau.

Executives

Ophorst Van Marwijk Kooy Vermogensbeheer N.v.

2102 Investment manager

Future Bright Holdings (HKSE:00703) Headlines

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