Frontier Services Group (500.HK) Stock Price

Frontier Services Group Price

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Frontier Services Group (500.HK) Stock | ISIN BMG3729C1001 | WKN A111Q6. Frontier Services Group operates in the Industry sector.

Revenue has compounded at 4.9% per year over the past 19 years to 753.56 M HKD. Earnings per share have declined at 9.3% per year over the last 16 years. Frontier Services Group's net margin stands at -13.8%, up from -37.7% several years earlier.

Frontier Services Group stock price

Ex-Dividend
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Stock Price

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How to Read This Chart

This chart tracks the historical stock price of Frontier Services Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Frontier Services Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Frontier Services Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Frontier Services Group Stock Price History
DateFrontier Services Group Price
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Frontier Services Group Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2005
304.6 M HKD
-35.9 M HKD
-39.7 M HKD
Jan 1, 2006
972.5 M HKD
-145.9 M HKD
-631.9 M HKD
Jan 1, 2007
991.3 M HKD
101 M HKD
115.2 M HKD
Jan 1, 2008
759.8 M HKD
67.2 M HKD
92.9 M HKD
Jan 1, 2009
191.1 M HKD
14.8 M HKD
11.8 M HKD
Jan 1, 2010
655 M HKD
-181.1 M HKD
41.7 M HKD
Jan 1, 2011
567.7 M HKD
-5.4 M HKD
-117.7 M HKD
Jan 1, 2012
55.2 M HKD
-36.3 M HKD
-214.7 M HKD
Jan 1, 2013
32.3 M HKD
-124.6 M HKD
-182.2 M HKD
Jan 1, 2014
310.44 M HKD
-71.5 M HKD
-130.44 M HKD
Jan 1, 2015
215.34 M HKD
-248.76 M HKD
-142.92 M HKD
Jan 1, 2016
576.89 M HKD
-177.33 M HKD
-209.82 M HKD
Jan 1, 2017
724.41 M HKD
-189.41 M HKD
-223.76 M HKD
Jan 1, 2018
866.75 M HKD
-238.32 M HKD
-258.85 M HKD
Jan 1, 2019
725.92 M HKD
-289.77 M HKD
-354.79 M HKD

Frontier Services Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 17, 2026, 2:41 AM
 
REVENUE (M HKD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (M HKD)
NET INCOME (M HKD)
NET INCOME GROWTH (%)
SHARES (B)
DOCUMENTS
20172018201920202021202220232024
724866725605756964812753
25.6919.61-16.28-16.5524.9627.51-15.77-7.27
22.6518.2421.132.7340.0845.8559.1155.64
164158153198303442480419
-223-258-354-228-159-2851-103
6.715.737.21-35.59-30.26-82.39-282.14-301.96
1.411.92.342.342.342.342.392.4
––––––––
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Frontier Services Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Frontier Services Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Frontier Services Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Frontier Services Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Frontier Services Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Frontier Services Group stock margins

The Frontier Services Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Frontier Services Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Frontier Services Group.

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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2005
24.49 %
-11.79 %
-13.03 %
Jan 1, 2006
26.12 %
-15 %
-64.98 %
Jan 1, 2007
30.8 %
10.19 %
11.62 %
Jan 1, 2008
39.37 %
8.84 %
12.23 %
Jan 1, 2009
65.83 %
7.74 %
6.17 %
Jan 1, 2010
22.5 %
-27.65 %
6.37 %
Jan 1, 2011
35.74 %
-0.95 %
-20.73 %
Jan 1, 2012
83.88 %
-65.76 %
-388.95 %
Jan 1, 2013
70.28 %
-385.76 %
-564.09 %
Jan 1, 2014
44.77 %
-23.03 %
-42.02 %
Jan 1, 2015
-14.43 %
-115.52 %
-66.37 %
Jan 1, 2016
24.81 %
-30.74 %
-36.37 %
Jan 1, 2017
22.77 %
-26.15 %
-30.89 %
Jan 1, 2018
18.28 %
-27.5 %
-29.86 %
Jan 1, 2019
21.14 %
-39.92 %
-48.87 %

Frontier Services Group Stock Revenue, EBIT, Earnings per Share

The Frontier Services Group earnings per share therefore indicates how much revenue Frontier Services Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2005
0.52 HKD
-0.06 HKD
-0.07 HKD
Jan 1, 2006
1.35 HKD
-0.2 HKD
-0.87 HKD
Jan 1, 2007
0.87 HKD
0.09 HKD
0.1 HKD
Jan 1, 2008
0.67 HKD
0.06 HKD
0.08 HKD
Jan 1, 2009
0.17 HKD
0.01 HKD
0.01 HKD
Jan 1, 2010
0.57 HKD
-0.16 HKD
0.04 HKD
Jan 1, 2011
0.5 HKD
-0 HKD
-0.1 HKD
Jan 1, 2012
0.05 HKD
-0.03 HKD
-0.19 HKD
Jan 1, 2013
0.03 HKD
-0.11 HKD
-0.16 HKD
Jan 1, 2014
0.26 HKD
-0.06 HKD
-0.11 HKD
Jan 1, 2015
0.18 HKD
-0.2 HKD
-0.12 HKD
Jan 1, 2016
0.47 HKD
-0.14 HKD
-0.17 HKD
Jan 1, 2017
0.51 HKD
-0.13 HKD
-0.16 HKD
Jan 1, 2018
0.46 HKD
-0.13 HKD
-0.14 HKD
Jan 1, 2019
0.31 HKD
-0.12 HKD
-0.15 HKD

Frontier Services Group business model & stock analysis

Frontier Services Group Ltd. (FSG) is a company originally founded in 2004 under the name JF China Region Funds. However, in 2013, the company was acquired by Eric Prince, a former Navy SEAL and founder of Blackwater, and subsequently renamed FSG. FSG's main business focus is the provision of security and logistics services in crisis areas worldwide. The company particularly emphasizes the use of drone technology. FSG is capable of offering the entire process from drone manufacturing to pilot training to mission execution. The deployment of security and logistics experts is also part of FSG's portfolio. FSG's business model arises from the increasing demand for security and logistics services in crisis areas. Particularly in countries like Iraq, Afghanistan, and Somalia, there is a high demand for such services. This demand stems from the fact that many companies cannot carry out their operations in these countries without professional support. FSG addresses this demand by offering comprehensive security and logistics services. The company combines state-of-the-art technology with experienced personnel. FSG is divided into various divisions. Firstly, the company offers security services. This primarily involves threat assessment in crisis areas. FSG is capable of overseeing all aspects of a security mission, from planning to execution. The company has its own fleet of drones used for threat assessment. Training security personnel is also part of FSG's portfolio. In terms of logistics services, FSG provides transport and supply solutions for crisis areas. The company employs a combination of air, sea, and road transport. Supplying hard-to-reach areas is particularly crucial, and FSG utilizes its drone technology for this purpose. Another division of the company is "Risk & Crisis Management." This involves assisting companies in risk prevention and crisis management. FSG is capable of conducting comprehensive risk analyses and providing recommendations based on them. Developing action plans and supporting their implementation is also within FSG's portfolio. In addition to the mentioned business areas, FSG also offers training programs. This includes training security personnel as well as pilots. FSG has its own training center in Kenya, where all aspects of drone operation are taught. Overall, FSG is a company specializing in providing security and logistics services in crisis areas. The company relies on the use of cutting-edge technology and experienced personnel. FSG has made a name for itself in the industry in recent years and is now considered an important player in the security services market.

Frontier Services Group SWOT Analysis

Strengths

1. Experienced Leadership: Frontier Services Group Ltd benefits from a competent management team with years of industry experience.

2. Diversified Service Portfolio: The company offers a wide range of services including security, logistics, and insurance, which provides multiple revenue streams.

3. Strong International Presence: Frontier Services Group operates globally, allowing it to tap into various emerging markets and diversify its operations.

Weaknesses

1. Dependency on Political Stability: The company's operations may be affected by political instability in certain regions, impacting its ability to function optimally.

2. Lack of Brand Recognition: Frontier Services Group may struggle to stand out in a competitive market due to a relatively low brand awareness compared to some of its competitors.

3. Limited Financial Resources: The company's financial capabilities may restrict its ability to expand rapidly or invest in new technologies.

Opportunities

1. Increasing Demand for Security Services: With the growing need for enhanced security measures globally, Frontier Services Group can capitalize on this opportunity to expand its security services market share.

2. Infrastructure Development Projects: The company can leverage its expertise in logistics to participate in and benefit from infrastructure development initiatives in emerging markets.

3. Strategic Partnerships: Collaborating with local and international organizations can help Frontier Services Group access new markets and broaden its service offerings.

Threats

1. Economic Uncertainty: Market fluctuations and economic downturns can impact Frontier Services Group's clients' willingness to spend on security and other non-essential services.

2. Regulatory Compliance: Increased regulations in the industry can pose challenges for the company in terms of compliance and potential legal issues.

3. Intense Competition: Frontier Services Group operates in a highly competitive market, facing competition from both established players and emerging startups.

Frontier Services Group Eulerpool Fair Value

Details

Fair Value Estimate

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What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Frontier Services Group historical P/E ratio, EBIT multiple, and P/S ratio

Frontier Services Group annual returns

Details

Annual Return

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What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Frontier Services Group shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2005
580.9 M base_Shares
Jan 1, 2006
722.9 M base_Shares
Jan 1, 2007
1.14 B base_Shares
Jan 1, 2008
1.14 B base_Shares
Jan 1, 2009
1.14 B base_Shares
Jan 1, 2010
1.14 B base_Shares
Jan 1, 2011
1.14 B base_Shares
Jan 1, 2012
1.14 B base_Shares
Jan 1, 2013
1.14 B base_Shares
Jan 1, 2014
1.2 B base_Shares
Jan 1, 2015
1.23 B base_Shares
Jan 1, 2016
1.23 B base_Shares
Jan 1, 2017
1.41 B base_Shares
Jan 1, 2018
1.9 B base_Shares
Jan 1, 2019
2.34 B base_Shares

Frontier Services Group Dividend History

4 years of dividend payments

YearAnnual DividendYoY ChangePayments
20110.02HKD↓ 33.3%1×
20100.03HKD↑ 50.0%2×
20090.02HKD 0.0%1×
20080.02HKD—1×

Frontier Services Group dividend payout ratio

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Payout ratio
Details
Date
Payout ratio
Jan 1, 2005
108.33 %
Jan 1, 2006
108.33 %
Jan 1, 2007
108.33 %
Jan 1, 2008
25 %
Jan 1, 2009
200 %
Jan 1, 2010
100 %
Jan 1, 2011
-20 %
Jan 1, 2012
108.33 %
Jan 1, 2013
136.11 %
Jan 1, 2014
114.81 %
Jan 1, 2015
119.75 %
Jan 1, 2016
123.56 %
Jan 1, 2017
119.38 %
Jan 1, 2018
120.9 %
Jan 1, 2019
121.28 %
Price targets and forecasts for Frontier Services Group are not yet available.

Frontier Services Group shareholder structure

% Name
25.28069%
CITIC Group Corporation
CITIC Group Corporation
11.53217%
Ko (Chun Shun Johnson)
Ko (Chun Shun Johnson)
5.83493%
China Taiping Insurance Holdings Co Ltd
China Taiping Insurance Holdings Co Ltd
3.94943%
CITIC Capital Asset Management
CITIC Capital Asset Management
0.0104%
Barak (Dorian M.)
Barak (Dorian M.)
%
Li (Xiaopeng)
Li (Xiaopeng)

Frontier Services Group Executives and Management Board

NL

Mr. Ning Luo

(64)

Executive Deputy Chairman of the Board · since 2006

Compensation2.86 M HKD
LC

Mr. Liguo Cui

(52)

Independent Non-Executive Director

Compensation544,000 HKD
HH

Mr. Hing Lee Hooi

(56)

Independent Non-Executive Director

Compensation544,000 HKD
FY

Mr. Fat Suan Yap

(77)

Independent Non-Executive Director

Compensation544,000 HKD
CK

Mr. Chun Shun Ko

(72)

Executive Deputy Chairman of the Board · since 1998

Compensation120,000 HKD

Frontier Services Group Supply Chain

Frequently asked questions about Frontier Services Group

The business model of Frontier Services Group Ltd (FSG) revolves around providing integrated logistics solutions for emerging markets. FSG specializes in supporting infrastructure and development projects in regions such as Africa, the Middle East, and Asia. The company offers a range of services including transportation, security, aviation, and consultancy. FSG leverages its expertise and network to assist clients in navigating complex markets and overcoming logistical challenges. With a focus on project delivery, risk management, and fostering local partnerships, FSG aims to facilitate economic growth and development in these markets. Frontier Services Group Ltd is committed to consistently delivering reliable and efficient solutions for its customers.

All fundamentals and in-depth analysis of Frontier Services Group

Our stock analysis for Frontier Services Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Frontier Services Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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