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Far East Horizon (HKSE:03360) PS Ratio : 0.69 (As of May. 05, 2024)


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What is Far East Horizon PS Ratio?

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Far East Horizon's share price is HK$6.04. Far East Horizon's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8.69. Hence, Far East Horizon's PS Ratio for today is 0.69.

The historical rank and industry rank for Far East Horizon's PS Ratio or its related term are showing as below:

HKSE:03360' s PS Ratio Range Over the Past 10 Years
Min: 0.57   Med: 1.22   Max: 2.41
Current: 0.69

During the past 13 years, Far East Horizon's highest PS Ratio was 2.41. The lowest was 0.57. And the median was 1.22.

HKSE:03360's PS Ratio is ranked better than
88.97% of 517 companies
in the Credit Services industry
Industry Median: 3.07 vs HKSE:03360: 0.69

Far East Horizon's Revenue per Sharefor the six months ended in Dec. 2023 was HK$4.48. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8.69.

Warning Sign:

Far East Horizon Ltd revenue growth has slowed down over the past 12 months.

During the past 12 months, the average Revenue per Share Growth Rate of Far East Horizon was 0.50% per year. During the past 3 years, the average Revenue per Share Growth Rate was 0.10% per year. During the past 5 years, the average Revenue per Share Growth Rate was 3.10% per year. During the past 10 years, the average Revenue per Share Growth Rate was 12.30% per year.

During the past 13 years, Far East Horizon's highest 3-Year average Revenue per Share Growth Rate was 43.40% per year. The lowest was 0.10% per year. And the median was 15.55% per year.

Back to Basics: PS Ratio


Far East Horizon PS Ratio Historical Data

The historical data trend for Far East Horizon's PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Far East Horizon PS Ratio Chart

Far East Horizon Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.91 0.90 0.76 0.69 0.71

Far East Horizon Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 - 0.69 - 0.71

Competitive Comparison of Far East Horizon's PS Ratio

For the Credit Services subindustry, Far East Horizon's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Far East Horizon's PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Far East Horizon's PS Ratio distribution charts can be found below:

* The bar in red indicates where Far East Horizon's PS Ratio falls into.



Far East Horizon PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

Far East Horizon's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=6.04/8.692
=0.69

Far East Horizon's Share Price of today is HK$6.04.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Far East Horizon's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was HK$8.69.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Far East Horizon  (HKSE:03360) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Far East Horizon PS Ratio Related Terms

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Far East Horizon (HKSE:03360) Business Description

Traded in Other Exchanges
Address
1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG
Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

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