Financials Minth Group Limited

Equities

425

KYG6145U1094

Auto, Truck & Motorcycle Parts

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
13.32 HKD +3.42% Intraday chart for Minth Group Limited +2.46% -15.59%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 25,414 28,262 39,920 32,506 21,702 14,327 14,327 -
Enterprise Value (EV) 1 24,984 26,556 40,279 34,158 25,680 16,666 19,427 19,833
P/E ratio 15.4 x 16.8 x 28.4 x 21.7 x 14.3 x 8.67 x 6.24 x 5.16 x
Yield 2.54% 2.46% 1.4% 1.83% 2.71% 5.28% 6.34% 7.72%
Capitalization / Revenue 2.02 x 2.14 x 3.2 x 2.34 x 1.25 x 0.81 x 0.58 x 0.49 x
EV / Revenue 1.99 x 2.01 x 3.23 x 2.45 x 1.48 x 0.81 x 0.78 x 0.68 x
EV / EBITDA 8.94 x 9.99 x 16.6 x 11.3 x 9.86 x 4.89 x 4.73 x 4.15 x
EV / FCF -134 x 37.4 x -143 x -18.6 x -16.5 x -291 x 20.5 x 6.34 x
FCF Yield -0.74% 2.67% -0.7% -5.38% -6.07% -0.34% 4.88% 15.8%
Price to Book 1.93 x 1.97 x 2.65 x 2.02 x 1.27 x 0.78 x 0.69 x 0.62 x
Nbr of stocks (in thousands) 1,146,253 1,149,990 1,159,656 1,161,400 1,161,836 1,161,994 1,161,994 -
Reference price 2 22.17 24.58 34.42 27.99 18.68 12.33 12.33 12.33
Announcement Date 3/20/19 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 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 12,553 13,198 12,467 13,919 17,306 20,524 24,771 29,281
EBITDA 1 2,795 2,658 2,424 3,012 2,604 3,408 4,108 4,783
EBIT 1 2,151 1,879 1,545 2,089 1,451 1,984 2,988 3,548
Operating Margin 17.13% 14.24% 12.39% 15.01% 8.39% 9.67% 12.06% 12.12%
Earnings before Tax (EBT) 1 2,046 2,101 1,680 1,846 1,779 2,315 2,782 3,360
Net income 1 1,661 1,690 1,396 1,497 1,501 1,903 2,286 2,765
Net margin 13.23% 12.81% 11.19% 10.75% 8.67% 9.27% 9.23% 9.44%
EPS 2 1.440 1.466 1.210 1.292 1.304 1.654 1.975 2.388
Free Cash Flow 1 -185.9 709.3 -281.9 -1,838 -1,559 -63.67 948.5 3,129
FCF margin -1.48% 5.37% -2.26% -13.2% -9.01% -0.3% 3.83% 10.69%
FCF Conversion (EBITDA) - 26.68% - - - - 23.09% 65.41%
FCF Conversion (Net income) - 41.96% - - - - 41.5% 113.17%
Dividend per Share 2 0.5637 0.6051 0.4816 0.5124 0.5067 0.6515 0.7822 0.9515
Announcement Date 3/20/19 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 S1 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 6,130 7,068 4,849 7,618 6,660 7,260 7,252 10,054 9,747 10,776 10,915 12,814
EBITDA 1,364 1,294 834.1 - - - - - - - - -
EBIT 1 976 903.2 410.7 1,333 1,217 872 761.4 846.2 964.2 1,020 1,265 1,485
Operating Margin 15.92% 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 1,085 1,016 461.1 1,218 1,094 - - - - 1,304 - -
Net income 1 894.1 796.2 369.8 1,026 901.1 595.4 657.6 - - 1,019 - -
Net margin 14.59% 11.26% 7.63% 13.46% 13.53% 8.2% 9.07% - - 8.67% - -
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 8/21/19 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 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - 359 1,652 3,978 4,175 5,099 5,506
Net Cash position 1 431 1,706 - - - - - -
Leverage (Debt/EBITDA) - - 0.1483 x 0.5484 x 1.528 x 1.184 x 1.241 x 1.151 x
Free Cash Flow 1 -186 709 -282 -1,838 -1,559 -63.7 949 3,129
ROE (net income / shareholders' equity) 13.1% 12.3% 9.54% 9.67% 9.11% 10.8% 11.8% 12.9%
ROA (Net income/ Total Assets) 8.43% 7.53% 5.49% 5.27% 4.77% 5.62% 5.99% 6.64%
Assets 1 19,689 22,455 25,424 28,424 31,459 34,344 38,183 41,617
Book Value Per Share 2 11.50 12.50 13.00 13.80 14.70 15.80 17.90 19.80
Cash Flow per Share 2 1.770 2.070 1.800 1.140 1.610 2.300 2.860 3.350
Capex 1 2,227 1,675 2,362 3,160 3,414 2,938 2,612 2,446
Capex / Sales 17.74% 12.69% 18.95% 22.7% 19.73% 13.89% 10.54% 8.35%
Announcement Date 3/20/19 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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
18
Last Close Price
12.33 CNY
Average target price
19.85 CNY
Spread / Average Target
+61.01%
Consensus
  1. Stock Market
  2. Equities
  3. 425 Stock
  4. Financials Minth Group Limited