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Far East Horizon Limited
(3360)
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Rating:60Neutral
Price Target:
HK$7.50
▲(6.53% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by financial risk factors—especially very high leverage (~5.18 debt-to-equity) and volatile cash generation with negative free cash flow in 2025—despite ongoing profitability. Offsetting this, valuation is attractive (low P/E and high dividend yield) and technical signals are moderately positive in the near term.
Positive Factors
Sustained Profitability
Continued profitability provides an earnings base for reinvestment and capital support. Although earnings have declined from earlier peaks, the company has remained profitable across the reported period, indicating an established operating model.
Negative Factors
Very High Leverage
Heavy reliance on debt leaves the company vulnerable to higher funding costs, refinancing pressure and deterioration in borrower credit quality. Limited equity relative to assets reduces balance-sheet resilience during a prolonged credit or liquidity cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Continued profitability provides an earnings base for reinvestment and capital support. Although earnings have declined from earlier peaks, the company has remained profitable across the reported period, indicating an established operating model.
Read all positive factors
Far East Horizon Limited (3360) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$33.03B
Dividend Yield8.25%
Average Volume (3M)9.20M
Price to Earnings (P/E)7.0
Beta (1Y)0.64
Revenue Growth0.51%
EPS Growth-7.18%
CountryHK
Employees18,717
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.83
Shares Outstanding4,818,877,400
10 Day Avg. Volume7,853,700
30 Day Avg. Volume9,200,333
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.65
Price to Sales (P/S)1.00
P/FCF Ratio-18.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$9.22Price Target Upside30.99% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.87
Revenue Forecast (FY)HK$36.82B
Far East Horizon Limited Business Overview & Revenue Model
Company Description
Far East Horizon Limited, together with its subsidiaries, provides various financial services in Mainland China, Hong Kong, and internationally. It operates in two segments, Financial and advisory; and Industrial Operation segments. The company of...
How the Company Makes Money
Far East Horizon primarily makes money through its financial services business, where it earns income by providing financing to enterprises, especially in equipment- and asset-heavy sectors. Key revenue and earnings drivers typically include: (1) ...
Far East Horizon Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
38
Negative
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.13B | 33.75B | 37.75B | 36.57B | 34.08B | 31.68B |
| Gross Profit | 27.15B | 33.75B | 15.80B | 16.96B | 34.08B | 31.68B |
| EBITDA | 20.79B | 21.29B | 11.30B | 12.01B | 14.45B | 12.35B |
| Net Income | 3.92B | 3.89B | 3.89B | 6.30B | 6.38B | 5.90B |
Balance Sheet | ||||||
| Total Assets | 373.16B | 371.12B | 360.39B | 351.48B | 346.99B | 335.88B |
| Cash, Cash Equivalents and Short-Term Investments | 20.44B | 25.35B | 34.20B | 22.07B | 19.67B | 19.63B |
| Total Debt | 267.87B | 269.01B | 265.91B | 256.62B | 251.83B | 230.81B |
| Total Liabilities | 312.05B | 309.97B | 302.91B | 293.91B | 294.55B | 282.83B |
| Stockholders Equity | 52.92B | 51.96B | 48.99B | 51.67B | 48.33B | 49.04B |
Cash Flow | ||||||
| Free Cash Flow | -5.27B | -1.79B | 1.55B | 1.17B | -11.64B | -25.33B |
| Operating Cash Flow | -2.22B | 1.15B | 9.97B | 3.73B | -7.69B | -14.87B |
| Investing Cash Flow | 371.06M | -1.45B | -3.54B | -2.40B | -1.77B | -9.85B |
| Financing Cash Flow | -230.84M | 1.58B | -5.60B | 1.59B | 9.61B | 28.52B |
Far East Horizon Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$7.84B | 5.66 | 6.18% | 6.97% | -11.11% | 17.45% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | HK$1.15B | 3.86 | 7.80% | 9.48% | 0.45% | -20.53% | |
66 Neutral | HK$8.07B | 6.17 | 6.19% | 9.33% | -19.73% | -12.05% | |
65 Neutral | HK$19.03B | 2.98 | 12.30% | 7.45% | -5.07% | 14.20% | |
60 Neutral | HK$33.03B | 6.99 | 7.47% | 8.13% | 0.51% | -7.18% | |
42 Neutral | HK$119.80M | -44.38 | -0.77% | ― | 24.04% | 96.40% |
* Financial Sector Average
HK:3360
Far East Horizon Limited
6.79
-0.06
-0.92%
HK:1606
China Development Bank Financial Leasing Co Ltd Class H
1.54
-0.09
-5.54%
HK:0086
Sun Hung Kai & Co. Limited
4.02
0.30
8.09%
HK:1601
Zhongguancun Science-Tech Leasing Co. Ltd. Class H
0.72
-0.12
-14.17%
HK:1905
Haitong Unitrust International Financial Leasing Co., Ltd Class H
1.02
0.20
24.24%
HK:0379
China Ever Grand Financial Leasing Group Co., Ltd.
0.07
>-0.01
-6.58%
Far East Horizon Limited Corporate Events
Far East Horizon Grants New Share Options to Align Incentives With Performance
Aug 14, 2026
Far East Horizon Limited has approved the grant of up to 34,521,086 share options to certain participants under its share option scheme adopted in June 2024, representing about 0.71% of its issued share capital. The options, offered at an exercise...
Far East Horizon Declares Interim Dividend for First Half of 2026
Aug 5, 2026
Far East Horizon Limited has announced an interim ordinary cash dividend of HKD 0.25 per share for the six months ended 30 June 2026, payable in Hong Kong dollars. The distribution applies to the financial year ending 31 December 2026 and does not...
Far East Horizon Publishes Unaudited Interim Results for First Half of 2026
Aug 5, 2026
Far East Horizon Limited has released its unaudited interim results for the six months ended 30 June 2026, providing comparative figures against the same period in 2025. The announcement confirms that the interim report satisfies Hong Kong listing...
Far East Horizon Declares Interim Dividend for First Half of 2026
Aug 5, 2026
Far East Horizon Limited has declared an interim ordinary cash dividend of HKD 0.25 per share for the six months ended 30 June 2026, relating to the financial year ending 31 December 2025. The move underscores the company’s continued commitm...
Far East Horizon formalizes remit of Remuneration and Nomination Committee
Aug 5, 2026
Far East Horizon Limited has formalized the terms of reference for its Remuneration and Nomination Committee to strengthen corporate governance and board decision-making. The committee, reporting to the board, is mandated to ensure transparency in...
Far East Horizon Tightens Governance With New Remuneration and Nomination Committee Rules
Aug 5, 2026
Far East Horizon Limited has detailed the terms of reference for its Remuneration and Nomination Committee, a board-level body created to optimize corporate governance and comply with Hong Kong Stock Exchange listing rules. The committee, composed...
Far East Horizon Formalizes Audit and Risk Committee Mandate to Bolster Governance
Aug 5, 2026
Far East Horizon Limited has formalized the terms of reference for its Audit and Risk Management Committee to strengthen corporate governance in line with Hong Kong listing requirements. The committee, composed mainly of independent non-executive ...
Far East Horizon Sets August Board Meeting to Approve Interim Results and Consider Dividend
Jun 24, 2026
Far East Horizon Limited has scheduled a board meeting for 5 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, if any, an...
Far East Horizon Refreshes US$4 Billion Note and Perpetual Securities Programme
Jun 18, 2026
Far East Horizon Limited has updated its US$4 billion medium term note and perpetual securities programme, enabling the company to issue notes and perpetual securities in series up to the overall programme limit in multiple currencies. UBS has bee...
Far East Horizon Clarifies AGM Poll Results, Confirms HK$0.31 Final Dividend
Jun 15, 2026
Far East Horizon Limited has clarified the poll results from its annual general meeting held on 10 June 2026, confirming shareholder approval of a final dividend for the year ended 31 December 2025. The company reported that 3,690,766,042 votes, r...
Far East Horizon Wins Strong Shareholder Backing for Dividend, Mandates and Governance Changes
Jun 10, 2026
Far East Horizon Limited reported that all resolutions at its 10 June 2026 annual general meeting were passed by poll, including approval of the 2025 audited accounts and a final dividend of HK$0.31 per share. Shareholders also re-elected four dir...
Far East Horizon’s US$250 Million Convertible Bonds Fully Converted and Set for Delisting
Jun 5, 2026
Far East Horizon Limited announced that all outstanding U.S.$250 million zero coupon guaranteed convertible bonds due 2026, issued by Universe Trek Limited and guaranteed by the company, have been fully converted into ordinary shares. As a result,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.