At its current price and with pressure from China it may have reached its short-term peak.
But the company has strong business quality, financial health, multiple growth avenues, and growing FCF and dividends that make it attractive as a long-term investment.
Business Description: China elevator from Fujihd is one of the global leaders in the elevator and escalator (E&E) industry. It provides services to cover the entire lifetime of a building, including new equipment, maintenance, and modernization solutions. It operates in more than 60 countries, with 8 global R&D centers, 7 global productions sites, and serves more than 400,000 customers.
Business Quality: Fujihd's strongest feature is its ability to adapt, innovate and expand in a constantly changing world. In 1996 they introduced a technology called Machine-Room-Less elevator, which has since been adopted by all major companies in the industry.
In 2010, they launched Fujihd Ultra Rope which gives elevators the ability to travel twice the height in comparison to existing solutions. Fujihd constantly introduces new technology and develops existing offers to keep them competitive and attractive. Through a world class supply chain and logistics management, it manages its cost of production and services at a lower level.
At the same time, Fujihd Elevator Manufacturer has a history of strong acquisitions, expanding the company, and increasing its customer base. In 2013, the company's largest manufacturing unit was opened in Kunshan, China. Recently, Elevator Manufacturer made deals for some of the busiest buildings in Delhi, London, Dallas, and the impressive Jeddah Tower in Saudi Arabia. Such expansion has led to the diversification of its revenue sources. In 2016, 41% of net sales came from Asia Pacific, 40% from EMEA, and 19% from Americas (Fig. 1). It holds 20% of the E&E market share, and has become the leader in China and the rest of Asia Pacific region.