A Business at a Glance
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Fang Holdings Ltd
SFUNY
$53M
Mkt Cap
$0.58
+0.00%
ITEM 4. INFORMATION ON THE COMPANY A.History and Development of the Company We were incorporated on June 18, 1999 as Fly High Holdings Limited, under the laws of the British Virgin Islands, and on July 14, 1999, we changed our name to SouFun.com Limited. On June 17, 2004, we changed our corporate domicile to the Cayman Islands, becoming a Cayman Islands exempted company with limited liability. On June 22, 2004, we changed our name to SouFun Holdings Limited. On September 23, 2016, we changed our name to Fang Holdings Limited. Since our inception, we have conducted our operations in China primarily through our PRC subsidiaries and consolidated controlled entities. On September 17, 2010, we completed our initial public offering and listing of 2,933,238 ADSs, each representing four Class A ordinary shares, on the New York Stock Exchange, which were traded under the symbol of “SFUN.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 31M | 31M | - | 80M | 158M | 220M |
| Net Income | -29M | -29M | -180M | -76M | -20M | -8.8M |
| EPS | $-0.32 | $-0.32 | $-1.99 | $-0.84 | $-0.22 | $-0.10 |
| Free Cash Flow | -1.2M | -1.2M | -11M | -27M | -36M | 11M |
| ROIC | -6.1% | -5.6% | -29.9% | -10.3% | -2.4% | 2.3% |
| Gross Margin | 58.7% | 58.7% | - | 26.8% | 88.8% | 73.2% |
| Debt/Equity | 0.48 | 0.48 | 0.48 | 0.18 | 0.62 | 0.65 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -34M | -34M | -206M | -40M | -11M | 23M |
| Operating Margin | -112.2% | -112.2% | - | -49.7% | -6.8% | 10.2% |
| ROE | -8.3% | -7.9% | -36.8% | -11.5% | -2.8% | -1.4% |
| Shares Outstanding | 90M | 90M | 90M | 90M | 89M | 88M |
| Metric | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | TTM | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 637M | 703M | 884M | 916M | 395M | 240M | 220M | 220M | 158M | 80M | N/A | 31M | 31M |
| Gross Margin | 74.7% | 79.3% | 37.1% | 25.0% | 58.6% | 7.0% | 53.3% | 73.2% | 88.8% | 26.8% | N/A | 58.7% | 58.7% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 83M | 101M | 125M | 151M | 130M | 129M | 99M | 120M | 100M | 27M | 52M | 36M | 36M |
| EBIT | 350M | 310M | -34M | -151M | 19M | 9.8M | 25M | 23M | -11M | -40M | -206M | -34M | -34M |
| Op. Margin | 55.0% | 44.0% | -3.9% | -16.5% | 4.8% | 4.1% | 11.3% | 10.2% | -6.8% | -49.7% | N/A | -112.2% | -112.2% |
| Net Income | 299M | 253M | -15M | -170M | 22M | -115M | -10M | -8.8M | -20M | -76M | -180M | -29M | -29M |
| Net Margin | 46.8% | 36.0% | -1.7% | -18.5% | 5.5% | -47.9% | -4.7% | -4.0% | -12.4% | -93.9% | N/A | -93.7% | -93.7% |
| Non-Recurring | 0 | 8.4M | 0 | 1.5M | -2.8M | -985K | -2.3M | 39K | -317K | 296K | 151M | 55M | 55M |
| Returns on Capital | |||||||||||||
| ROIC | 83.9% | 139.1% | -1.1% | -12.5% | 1.1% | 0.9% | 2.7% | 2.3% | -2.4% | -10.3% | -29.9% | -5.6% | -6.1% |
| ROE | 94.7% | 47.1% | -2.0% | -25.3% | 3.5% | -17.2% | -1.7% | -1.4% | -2.8% | -11.5% | -36.8% | -7.9% | -8.3% |
| ROA | 25.9% | 15.6% | -0.7% | -8.7% | 1.2% | -6.0% | -0.6% | -0.5% | -1.1% | -5.2% | -16.7% | -3.2% | -3.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 408M | 214M | -165M | 131M | 127M | 55M | 69M | 15M | 2.7M | -16M | -10.0M | 3.6M | 3.6M |
| Free Cash Flow | 401M | 206M | -210M | 107M | 61M | -41M | 57M | 11M | -36M | -27M | -11M | -1.2M | -1.2M |
| Owner Earnings | 377M | 175M | -184M | 100M | 92M | 14M | 35M | -24M | -21M | -40M | -32M | -12M | -12M |
| CapEx | 6.7M | 8.0M | 45M | 25M | 66M | 96M | 12M | 4.8M | 39M | 11M | 979K | 4.8M | 4.8M |
| Maint. CapEx | 24M | 35M | 15M | 25M | 28M | 27M | 25M | 26M | 21M | 23M | 22M | 16M | 16M |
| Growth CapEx | 0 | 0 | 30M | 0 | 38M | 69M | 0 | 0 | 18M | 0 | 0 | 0 | 0 |
| D&A | 24M | 35M | 15M | 25M | 28M | 27M | 25M | 26M | 21M | 23M | 22M | 16M | 16M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 133.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 81M | 82M | 83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 137M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 7.0M | 4.7M | 4.5M | 6.6M | 7.2M | 14M | 8.8M | 13M | 2.1M | 586K | 39K | 0 | 0 |
| Debt Repayment | 8.4M | 1.1M | 0 | 394M | 0 | 45M | 83M | 0 | 84M | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -151M | -329M | 416M | 417M | 425M | 532M | 418M | 243M | 262M | -109M | -6.5M | 44M | 103M |
| Cash & Equiv. | 581M | 355M | 818M | 337M | 228M | 171M | 105M | 137M | 121M | 106M | 86M | 65M | 65M |
| Long-Term Debt | 350M | 400M | 800M | 584M | 467M | 123M | 184M | 116M | 103M | 60M | 168M | 125M | 125M |
| Debt/Equity | 0.99 | 0.76 | 1.52 | 1.63 | 0.96 | 1.21 | 1.22 | 0.65 | 0.62 | 0.18 | 0.48 | 0.48 | 0.48 |
| Interest Coverage | 23.9 | 17.9 | -2.1 | -7.3 | 1.2 | 0.5 | 1.0 | 1.1 | -0.6 | -3.7 | -25.5 | -3.6 | -3.6 |
| Equity | 443M | 633M | 854M | 487M | 740M | 595M | 590M | 699M | 717M | 592M | 384M | 347M | 347M |
| Total Assets | 1.5B | 1.7B | 2.3B | 1.6B | 2.0B | 1.8B | 1.8B | 1.8B | 1.7B | 1.2B | 947M | 839M | 839M |
| Total Liabilities | 1.1B | 1.1B | 1.4B | 1.1B | 1.3B | 1.2B | 1.2B | 1.1B | 998M | 617M | 563M | 492M | 492M |
| Intangibles | N/A | N/A | N/A | 0 | 36M | 33M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 301M | 471M | 374M | 204M | 226M | 277M | 270M | 256M | 230M | 155M | -25M | -54M | -54M |
| Working Capital | 518M | 680M | 442M | 98M | 167M | 68M | 46M | 220M | 153M | 53M | 106M | 85M | 85M |
| Current Assets | 964M | 1.2B | 1.5B | 793M | 748M | 669M | 687M | 701M | 713M | 407M | 320M | 296M | 296M |
| Current Liabilities | 446M | 500M | 1.1B | 696M | 582M | 601M | 640M | 481M | 561M | 354M | 215M | 211M | 211M |
| Per Share Data | |||||||||||||
| EPS | 3.54 | 2.87 | -0.18 | -1.81 | 0.24 | -1.29 | -0.11 | -0.10 | -0.22 | -0.84 | -1.99 | -0.32 | -0.32 |
| Owner EPS | 4.47 | 1.99 | -2.20 | 1.06 | 1.01 | 0.16 | 0.38 | -0.28 | -0.23 | -0.45 | -0.35 | -0.14 | -0.14 |
| Book Value | 5.26 | 7.17 | 10.18 | 5.20 | 8.18 | 6.67 | 6.33 | 7.99 | 8.05 | 6.58 | 4.25 | 3.86 | 3.86 |
| Cash Flow/Share | 4.84 | 2.43 | -1.97 | 1.40 | 1.40 | 0.62 | 0.74 | 0.18 | 0.03 | -0.18 | -0.11 | 0.04 | -0.14 |
| Dividends/Share | 0.96 | 0.93 | 0.99 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 84.4M | 88.2M | 83.9M | 93.7M | 90.4M | 89.1M | 93.2M | 87.5M | 89.0M | 90.0M | 90.3M | 89.9M | 89.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.8 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.2 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.7 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -2.3% |
| Market Cap | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 |
Fang Holdings Ltd passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 61.9%.
Fang Holdings Ltd (SFUNY) has a 5-year average return on invested capital (ROIC) of -9.2%. This is below average and may indicate limited pricing power.
Fang Holdings Ltd (SFUNY) has a market capitalization of $53M. It is classified as a small-cap stock.
Fang Holdings Ltd (SFUNY) does not currently pay a regular dividend.
Fang Holdings Ltd (SFUNY) reported annual revenue of $31 million in its most recent fiscal year, based on SEC EDGAR filings.
Fang Holdings Ltd (SFUNY) has a net profit margin of -93.7%. The company is currently unprofitable.
Fang Holdings Ltd (SFUNY) generated $-1 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Fang Holdings Ltd (SFUNY) has a debt-to-equity ratio of 0.48. This indicates a conservatively financed balance sheet.
Fang Holdings Ltd (SFUNY) reported earnings per share (EPS) of $-0.32 in its most recent fiscal year.
Fang Holdings Ltd (SFUNY) has a return on equity (ROE) of -7.9%. A negative ROE may indicate losses or negative equity.
Fang Holdings Ltd (SFUNY) has a 5-year average gross margin of 61.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for Fang Holdings Ltd (SFUNY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Fang Holdings Ltd (SFUNY) has a book value per share of $3.86, based on its most recent annual SEC filing.