Why is Fulu Holdings Ltd. ?
1
High Debt company with Weak Long Term Fundamental Strength
- Poor long term growth as Operating profit has grown by an annual rate 3.57% of over the last 5 years
- High Debt Company with a Debt to Equity ratio (avg) at times
2
Flat results in Jun 25
- ROCE(HY) Lowest at 1.04%
- DEBTORS TURNOVER RATIO(HY) Lowest at 0.51 times
- NET SALES(Q) Lowest at HKD 169.1 MM
3
With ROE of 1.52%, it has a Expensive valuation with a 0.45 Price to Book Value
- Over the past year, while the stock has generated a return of -31.74%, its profits have fallen by -76.3%
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -31.74% returns in the last 1 year, the stock has also underperformed Hang Seng Hong Kong in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Fulu Holdings Ltd. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Fulu Holdings Ltd.
-31.74%
-0.85
47.06%
Hang Seng Hong Kong
8.25%
0.41
19.93%
Quality key factors
Factor
Value
Sales Growth (5y)
-10.13%
EBIT Growth (5y)
3.57%
EBIT to Interest (avg)
29.91
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.25
Sales to Capital Employed (avg)
0.32
Tax Ratio
25.44%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.31%
ROE (avg)
5.39%
Valuation Key Factors 
Factor
Value
P/E Ratio
29
Industry P/E
Price to Book Value
0.45
EV to EBIT
15.61
EV to EBITDA
6.99
EV to Capital Employed
0.26
EV to Sales
0.68
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
1.66%
ROE (Latest)
1.52%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Bearish
No Trend
OBV
No Trend
No Trend
Technical Movement
5What is working for the Company
NET PROFIT(HY)
Higher at HKD 33.97 MM
DEBT-EQUITY RATIO
(HY)
Lowest at -28.4 %
RAW MATERIAL COST(Y)
Fallen by 0.34% (YoY
-5What is not working for the Company
ROCE(HY)
Lowest at 1.04%
DEBTORS TURNOVER RATIO(HY)
Lowest at 0.51 times
NET SALES(Q)
Lowest at HKD 169.1 MM
Here's what is working for Fulu Holdings Ltd.
Net Profit
Higher at HKD 33.97 MM
than preceding 12 month period ended Jun 2025MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (HKD MM)
Debt-Equity Ratio
Lowest at -28.4 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by 0.34% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Fulu Holdings Ltd.
Debtors Turnover Ratio
Lowest at 0.51 times and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Net Sales
Lowest at HKD 169.1 MM
in the last five periodsMOJO Watch
Near term sales trend is negative
Net Sales (HKD MM)






