MINTH GROUP LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 15.5 HKD | -2.15% |
|
-2.02% | -1.77% |
| May. 31 | Minth Group Limited Announces Retirement of Chen Quan Shi as Independent Non- Executive Director | CI |
| Mar. 27 | Minth Group's Attributable Profit Rises 27% in 2023; Shares Slide 4% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,262 | 39,920 | 32,506 | 21,702 | 16,666 | 16,680 | - | - |
| Enterprise Value (EV) 1 | 26,556 | 40,279 | 34,158 | 25,680 | 22,189 | 21,770 | 22,181 | 22,693 |
| P/E ratio | 16.8 x | 28.4 x | 21.7 x | 14.3 x | 8.67 x | 7.24 x | 5.99 x | 5.19 x |
| Yield | 2.46% | 1.4% | 1.83% | 2.71% | - | 5.41% | 6.58% | 7.79% |
| Capitalization / Revenue | 2.14 x | 3.2 x | 2.34 x | 1.25 x | 0.81 x | 0.67 x | 0.57 x | 0.51 x |
| EV / Revenue | 2.01 x | 3.23 x | 2.45 x | 1.48 x | 1.08 x | 0.88 x | 0.76 x | 0.69 x |
| EV / EBITDA | 9.99 x | 16.6 x | 11.3 x | 9.86 x | 6.51 x | 5.28 x | 4.63 x | 4.16 x |
| EV / FCF | 37.4 x | -143 x | -18.6 x | -16.5 x | 170 x | 23 x | 7.09 x | 13.9 x |
| FCF Yield | 2.67% | -0.7% | -5.38% | -6.07% | 0.59% | 4.36% | 14.1% | 7.17% |
| Price to Book | 1.97 x | 2.65 x | 2.02 x | 1.27 x | 0.91 x | 0.81 x | 0.73 x | 0.66 x |
| Nbr of stocks (in thousands) | 1,149,990 | 1,159,656 | 1,161,400 | 1,161,836 | 1,161,994 | 1,161,994 | - | - |
| Reference price 2 | 24.58 | 34.42 | 27.99 | 18.68 | 14.34 | 14.35 | 14.35 | 14.35 |
| Announcement Date | 3/30/20 | 3/26/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 13,198 | 12,467 | 13,919 | 17,306 | 20,524 | 24,771 | 29,281 | 32,866 |
| EBITDA 1 | 2,658 | 2,424 | 3,012 | 2,604 | 3,408 | 4,120 | 4,786 | 5,458 |
| EBIT 1 | 1,879 | 1,545 | 2,089 | 1,451 | 1,984 | 3,000 | 3,554 | 4,138 |
| Operating Margin | 14.24% | 12.39% | 15.01% | 8.39% | 9.67% | 12.11% | 12.14% | 12.59% |
| Earnings before Tax (EBT) 1 | 2,101 | 1,680 | 1,846 | 1,779 | 2,315 | 2,795 | 3,374 | 3,886 |
| Net income 1 | 1,690 | 1,396 | 1,497 | 1,501 | 1,903 | 2,296 | 2,776 | 3,191 |
| Net margin | 12.81% | 11.19% | 10.75% | 8.67% | 9.27% | 9.27% | 9.48% | 9.71% |
| EPS 2 | 1.466 | 1.210 | 1.292 | 1.304 | 1.654 | 1.983 | 2.397 | 2.768 |
| Free Cash Flow 1 | 709.3 | -281.9 | -1,838 | -1,559 | 130.5 | 948.5 | 3,129 | 1,628 |
| FCF margin | 5.37% | -2.26% | -13.2% | -9.01% | 0.64% | 3.83% | 10.69% | 4.95% |
| FCF Conversion (EBITDA) | 26.68% | - | - | - | 3.83% | 23.02% | 65.37% | 29.83% |
| FCF Conversion (Net income) | 41.96% | - | - | - | 6.86% | 41.32% | 112.71% | 51.03% |
| Dividend per Share 2 | 0.6051 | 0.4816 | 0.5124 | 0.5067 | - | 0.7773 | 0.9443 | 1.118 |
| Announcement Date | 3/30/20 | 3/26/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7,068 | 4,849 | 7,618 | 6,660 | 7,260 | 7,252 | 10,054 | 9,747 | 10,776 | 10,915 | 12,814 |
| EBITDA | 1,294 | 834.1 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 903.2 | 410.7 | 1,333 | 1,217 | 872 | 761.4 | 846.2 | 964.2 | 1,020 | 1,265 | 1,485 |
| Operating Margin | 12.78% | 8.47% | 17.5% | 18.28% | 12.01% | 10.5% | 8.42% | 9.89% | 9.46% | 11.59% | 11.59% |
| Earnings before Tax (EBT) | 1,016 | 461.1 | 1,218 | 1,094 | - | - | - | - | - | - | - |
| Net income | 796.2 | 369.8 | 1,026 | 901.1 | 595.4 | 657.6 | - | - | - | - | - |
| Net margin | 11.26% | 7.63% | 13.46% | 13.53% | 8.2% | 9.07% | - | - | - | - | - |
| EPS 2 | - | 0.3200 | 0.8900 | 0.7780 | 0.5140 | 0.5710 | 0.7330 | 0.7710 | 0.8830 | 0.8300 | 0.9700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/30/20 | 8/28/20 | 3/26/21 | 8/30/21 | 3/22/22 | 8/23/22 | 3/21/23 | 8/22/23 | 3/26/24 | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 359 | 1,652 | 3,978 | 5,523 | 5,090 | 5,501 | 6,014 |
| Net Cash position 1 | 1,706 | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.1483 x | 0.5484 x | 1.528 x | 1.621 x | 1.235 x | 1.149 x | 1.102 x |
| Free Cash Flow 1 | 709 | -282 | -1,838 | -1,559 | 131 | 949 | 3,129 | 1,628 |
| ROE (net income / shareholders' equity) | 12.3% | 9.54% | 9.67% | 9.11% | 10.8% | 11.8% | 12.9% | 13.6% |
| ROA (Net income/ Total Assets) | 7.53% | 5.49% | 5.27% | 4.77% | 5.37% | 6% | 6.64% | 7.03% |
| Assets 1 | 22,455 | 25,424 | 28,424 | 31,459 | 35,410 | 38,287 | 41,784 | 45,397 |
| Book Value Per Share 2 | 12.50 | 13.00 | 13.80 | 14.70 | 15.80 | 17.80 | 19.70 | 21.90 |
| Cash Flow per Share 2 | 2.070 | 1.800 | 1.140 | 1.610 | 2.930 | 2.880 | 3.340 | 4.050 |
| Capex 1 | 1,675 | 2,362 | 3,160 | 3,414 | 3,235 | 2,612 | 2,446 | 2,678 |
| Capex / Sales | 12.69% | 18.95% | 22.7% | 19.73% | 15.76% | 10.54% | 8.35% | 8.15% |
| Announcement Date | 3/30/20 | 3/26/21 | 3/22/22 | 3/21/23 | 3/26/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
14.35
CNY
Average target price
20.08
CNY
Spread / Average Target
+39.89%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.77% | 2.3B | |
| +10.92% | 3.2B | |
| +8.76% | 2.94B | |
| +25.11% | 1.77B | |
| +1.99% | 1.71B | |
| -9.42% | 1.7B | |
| +15.92% | 867M | |
| -12.25% | 860M | |
| +43.93% | 697M | |
| -22.86% | 670M |
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