View ValuationLee & Man Paper Manufacturing 향후 성장Future 기준 점검 1/6Lee & Man Paper Manufacturing (는) 각각 연간 6.8% 및 4.8% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 6.8% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 7.1% 로 예상됩니다.핵심 정보6.8%이익 성장률6.77%EPS 성장률Forestry 이익 성장19.5%매출 성장률4.8%향후 자기자본이익률7.06%애널리스트 커버리지Low마지막 업데이트11 Mar 2026최근 향후 성장 업데이트공시 • Jul 15Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Lee & Man Paper Manufacturing Limited provided earnings guidance for the six months ended 30 June 2023. Based on the preliminary review of the management accounts of the Group, the profit for the period of the Company for the six months ended 30 June 2023 is expected to decrease by approximately 58% as compared to the six months ended 30 June 2022 (the "Corresponding Period") due to a decrease in profit margin of the Group.공시 • Feb 14Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Year Ended 31 December 2022Lee & Man Paper Manufacturing Limited provided earnings guidance for the year ended 31 December 2022. For the year, the profit is expected to decrease by approximately 60% as compared to the year ended 31 December 2021 due to a decrease in profit margin of the Group.공시 • Jul 26Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022The board of directors of the Lee & Man Paper Manufacturing Limited announced that, based on the preliminary review of the management accounts of the Group, the profit attributable to ordinary shareholders of the Company for the six months ended 30 June 2022 is expected to decrease by approximately 59% as compared to the six months ended 30 June 2021 due to a decrease in profit margin of the Group.모든 업데이트 보기Recent updatesBoard Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ronald Chan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Mar 10Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026.공시 • Feb 26Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2025 Final Results on Mar 10, 2026Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2025 final results on Mar 10, 2026공시 • Jul 28Lee & Man Paper Manufacturing Limited to Report First Half, 2025 Results on Aug 07, 2025Lee & Man Paper Manufacturing Limited announced that they will report first half, 2025 results on Aug 07, 2025공시 • Mar 06Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025.공시 • Feb 24Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2024 Final Results on Mar 06, 2025Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2024 final results on Mar 06, 2025Buy Or Sell Opportunity • Sep 20Now 21% overvaluedOver the last 90 days, the stock has fallen 20% to €0.20. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.Buy Or Sell Opportunity • Aug 26Now 23% overvaluedOver the last 90 days, the stock has fallen 18% to €0.21. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.Reported Earnings • Aug 05First half 2024 earnings released: EPS: HK$0.18 (vs HK$0.071 in 1H 2023)First half 2024 results: EPS: HK$0.18 (up from HK$0.071 in 1H 2023). Revenue: HK$12.5b (up 2.4% from 1H 2023). Net income: HK$760.2m (up 147% from 1H 2023). Profit margin: 6.1% (up from 2.5% in 1H 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.Declared Dividend • Aug 04First half dividend of HK$0.062 announcedShareholders will receive a dividend of HK$0.062. Ex-date: 14th August 2024 Payment date: 5th September 2024 Dividend yield will be 30%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Aug 01Lee & Man Paper Manufacturing Limited declares Interim Dividend Declared for the Six Months Ended 30 June 2024Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.062 per share for Six Months Ended 30 June 2024. Ex-dividend date is 14 August 2024. Record date is 21 August 2024. Payment date is 05 September 2024.공시 • Jul 13Lee & Man Paper Manufacturing Limited to Report First Half, 2024 Results on Aug 01, 2024Lee & Man Paper Manufacturing Limited announced that they will report first half, 2024 results on Aug 01, 2024Buy Or Sell Opportunity • Jul 12Now 35% overvalued after recent price riseOver the last 90 days, the stock has risen 6.4% to €0.27. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Reported Earnings • Apr 11Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022)Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.05b (down 11% from FY 2022). Profit margin: 4.2% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 10Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022)Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.15b (down 2.8% from FY 2022). Profit margin: 4.6% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.공시 • Mar 09Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024.공시 • Mar 08Lee & Man Paper Manufacturing Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 June 2024Lee & Man Paper Manufacturing Limited proposed Final dividend of HKD 0.061 per share for the year ended 31 December 2023, payable on 05 June 2024. Record date is on 21 May 2024. Ex-dividend date is on 13 May 2024. Date of shareholders' approval: 09 May 2024.공시 • Feb 27Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2023 Final Results on Mar 08, 2024Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2023 final results on Mar 08, 2024New Risk • Nov 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin).Reported Earnings • Aug 06First half 2023 earnings released: EPS: HK$0.071 (vs HK$0.18 in 1H 2022)First half 2023 results: EPS: HK$0.071 (down from HK$0.18 in 1H 2022). Revenue: HK$12.2b (down 20% from 1H 2022). Net income: HK$307.9m (down 61% from 1H 2022). Profit margin: 2.5% (down from 5.2% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Aug 04Upcoming dividend of HK$0.025 per share at 3.9% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%).공시 • Aug 03Lee & Man Paper Manufacturing Limited Announces Executive ChangesLee & Man Paper Manufacturing Limited announced that with effect from 2 August 2023, Mr. Wong Kai Tung Tony has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Peter A. Davies has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Chan Wai Yan Ronald has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP, aged 51, holds a Bachelor of Economics Degree from the University of Sydney and a Master of Commerce in Finance Degree from the University of New South Wales in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. She is the general manager and financial director of Million Tour Limited and the founder and financial director of M1 Hotel Group. Ms. Lo has been appointed as a member of the Chief Executive's Policy Unit Social Development Expert Group from 30 May 2023. Ms. Lo was appointed as a Justice of the Peace in 2017 and awarded the Bronze Bauhinia Star in 2020 by the Hong Kong Special Administrative Region ("HKSAR") Government. She is a member of the Election Committee 2021 (The Fourth Sector) of the HKSAR and was a member of the Election Committee for the Fifth Government of the HKSAR (Tourism Subsector). Ms. Lo is a member of the Social Workers Registration Board, the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials, the Advisory Committee on Admission of Quality Migrants and Professionals and the District Fire Safety Committee (Wan Chai District). She is also an Honorary Court Member of the Lingnan University. Mr. Chan Wai Yan Ronald, aged 43, obtained a Bachelor of Science degree in finance and accounting from the Leonard N. Stern School of Business at New York University in the United States in May 2002. Mr. Chan founded Chartwell Capital Limited, an investment management company, in October 2007 and is currently the chief investment officer. He has been its responsible officer for Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO since November 2008 and February 2008, respectively. From July 2016 to July 2022, he served as a member of the Listing Committee of the Main Board and GEM of The Stock Exchange of Hong Kong Limited. Mr. Chan is an independent non-executive director of Powerlong Commercial Management Holdings Limited (Hong Kong Stock Code: 9909) since December 2019 and an independent non-executive director of Hong Kong Ferry (Holdings) Company Limited since 20 March 2023. From December 2017 to December 2021, Mr. Chan was an independent non-executive director of Wine's Link International Holdings Limited.New Risk • Aug 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.6% net profit margin).공시 • Aug 02Lee & Man Paper Manufacturing Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on September 5, 2023Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.025 per share for Six Months Ended 30 June 2023. Ex-dividend date is 11 August 2023. Record date is 18 August 2023. Payment date is 05 September 2023.공시 • Jul 15Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Lee & Man Paper Manufacturing Limited provided earnings guidance for the six months ended 30 June 2023. Based on the preliminary review of the management accounts of the Group, the profit for the period of the Company for the six months ended 30 June 2023 is expected to decrease by approximately 58% as compared to the six months ended 30 June 2022 (the "Corresponding Period") due to a decrease in profit margin of the Group.Upcoming Dividend • May 04Upcoming dividend of HK$0.033 per share at 3.1% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%).Reported Earnings • Apr 06Full year 2022 earnings releasedFull year 2022 results: EPS: HK$0.28. Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.19b (down 62% from FY 2021). Profit margin: 4.1% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.Buying Opportunity • Mar 08Now 24% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.Reported Earnings • Mar 02Full year 2022 earnings released: EPS: HK$0.28 (vs HK$0.72 in FY 2021)Full year 2022 results: EPS: HK$0.28 (down from HK$0.72 in FY 2021). Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.32b (down 58% from FY 2021). Profit margin: 4.5% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year.공시 • Feb 18Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2022 Final Results on Mar 01, 2023Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2022 final results on Mar 01, 2023공시 • Feb 14Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Year Ended 31 December 2022Lee & Man Paper Manufacturing Limited provided earnings guidance for the year ended 31 December 2022. For the year, the profit is expected to decrease by approximately 60% as compared to the year ended 31 December 2021 due to a decrease in profit margin of the Group.공시 • Dec 31+ 1 more updateLee & Man Paper Manufacturing Limited Announces Resignation of Mr. Cheung Kwok Keung as the Chief Financial OfficerThe board of directors of Lee & Man Paper Manufacturing Limited announced the resignation of Mr. Cheung Kwok Keung ("Mr. Cheung") as the Chief Financial Officer of the Company (Chief Financial Officer), Company Secretary of the Company (Company Secretary) and an authorised representative of the Company (Authorised Representative) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 31 December 2022 as he has decided to retire and spend more time with his family. The Company is now actively seeking to identify an appropriate candidate to fill the vacancy of Chief Financial Officer and will make an appropriate announcement once an appointment has been made.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Sep 14Insider recently bought €434k worth of stockOn the 7th of September, Wan Lee bought around 1m shares on-market at roughly €0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €10m more in shares than they have sold in the last 12 months.Upcoming Dividend • Aug 12Upcoming dividend of HK$0.065 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.6%).공시 • Aug 09Lee & Man Paper Manufacturing Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 6 September 2022Lee & Man Paper Manufacturing Limited announced interim dividend for six months ended 30 June 2022 of HKD 0.065 per share. The dividend is payable on 6 September 2022 with record date of 26 August 2022 and ex-dividend date of 19 August 2022.Reported Earnings • Aug 09First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$1.94b from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.7%, compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.공시 • Jul 28Lee & Man Paper Manufacturing Limited to Report First Half, 2022 Results on Aug 08, 2022Lee & Man Paper Manufacturing Limited announced that they will report first half, 2022 results on Aug 08, 2022공시 • Jul 26Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022The board of directors of the Lee & Man Paper Manufacturing Limited announced that, based on the preliminary review of the management accounts of the Group, the profit attributable to ordinary shareholders of the Company for the six months ended 30 June 2022 is expected to decrease by approximately 59% as compared to the six months ended 30 June 2021 due to a decrease in profit margin of the Group.Recent Insider Transactions • May 11Insider recently bought €597k worth of stockOn the 6th of May, Wan Lee bought around 1m shares on-market at roughly €0.43 per share. In the last 3 months, they made an even bigger purchase worth €937k. Insiders have collectively bought €9.3m more in shares than they have sold in the last 12 months.Upcoming Dividend • May 09Upcoming dividend of HK$0.11 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.2%).Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Apr 08Full year 2021 earnings released: EPS: HK$0.72 (vs HK$0.81 in FY 2020)Full year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.12b (down 11% from FY 2020). Profit margin: 9.6% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 4.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Reported Earnings • Mar 08Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.25b (down 7.7% from FY 2020). Profit margin: 10.0% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 3.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year.Recent Insider Transactions • Dec 14Insider recently bought €2.3m worth of stockOn the 13th of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. In the last 3 months, they made an even bigger purchase worth €2.5m. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months.Recent Insider Transactions • Dec 03Insider recently bought €2.5m worth of stockOn the 2nd of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Upcoming Dividend • Aug 10Upcoming dividend of HK$0.15 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 03 September 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).Reported Earnings • Aug 05First half 2021 earnings released: EPS HK$0.45 (vs HK$0.31 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$15.2b (up 37% from 1H 2020). Net income: HK$1.94b (up 45% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.Upcoming Dividend • Apr 28Upcoming dividend of HK$0.18 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 26 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).Reported Earnings • Mar 27Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 05Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Mar 05Revenue misses expectationsRevenue missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 17%, compared to a 1.5% growth forecast for the Forestry industry in Germany.공시 • Mar 03Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021. Agenda: To consider final dividend.Is New 90 Day High Low • Feb 20New 90-day high: €0.87The company is up 38% from its price of €0.63 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.76 per share.공시 • Feb 06Lee and Man Paper Manufacturing Limited to Report Fiscal Year 2020 Results on Mar 02, 2021Lee and Man Paper Manufacturing Limited announced that they will report fiscal year 2020 results on Mar 02, 2021Is New 90 Day High Low • Feb 02New 90-day high: €0.73The company is up 11% from its price of €0.66 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.80 per share.Is New 90 Day High Low • Nov 07New 90-day high: €0.66The company is up 26% from its price of €0.53 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share.공시 • Jul 18Lee and Man Paper Manufacturing Limited to Report First Half, 2020 Results on Aug 04, 2020Lee and Man Paper Manufacturing Limited announced that they will report first half, 2020 results on Aug 04, 2020이익 및 매출 성장 예측DB:LMP - 애널리스트 향후 추정치 및 과거 재무 데이터 (HKD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202830,8772,396N/AN/A212/31/202729,5232,269N/AN/A212/31/202628,2682,152N/AN/A212/31/202526,6421,9411,6213,520N/A9/30/202526,1841,6534412,511N/A6/30/202525,7261,364-7391,502N/A3/31/202525,8611,338-1,509964N/A12/31/202425,9951,313-2,278426N/A9/30/202425,6151,408-2,910-481N/A6/30/202425,2351,503-3,542-1,387N/A3/31/202425,0861,277-3,406-618N/A12/31/202324,9371,051-3,269151N/A9/30/202325,519873-2,0482,355N/A6/30/202326,101696-8274,559N/A3/31/202327,636940-9184,133N/A12/31/202229,1701,185-1,0083,708N/A9/30/202230,8891,585-6103,497N/A6/30/202232,6071,984-2133,287N/A3/31/202232,5592,554-3633,039N/A12/31/202132,5113,123-5132,792N/A9/30/202131,2443,623-7952,694N/A6/30/202129,9774,124-1,0772,596N/A3/31/202127,9233,824-5072,990N/A12/31/202025,8683,524633,383N/A9/30/202025,5683,2084553,796N/A6/30/202025,2682,8928474,210N/A3/31/202026,2063,0641,1444,583N/A12/31/201927,1443,2361,4404,956N/A9/30/201927,9653,408N/A5,851N/A6/30/201928,7863,580N/A6,746N/A3/31/201930,4974,230N/A6,441N/A12/31/201832,2084,880N/A6,135N/A9/30/201831,4875,354N/A5,009N/A6/30/201830,7675,827N/A3,882N/A3/31/201828,3025,434N/A3,954N/A12/31/201725,8375,040N/A4,025N/A9/30/201723,6254,333N/A3,763N/A6/30/201721,4123,626N/A3,500N/A3/31/201719,8773,244N/A3,711N/A12/31/201618,3422,863N/A3,922N/A9/30/201617,8152,752N/A3,669N/A6/30/201617,2892,642N/A3,416N/A3/31/201617,4522,487N/A3,479N/A12/31/201517,6162,332N/A3,542N/A9/30/201517,5512,222N/A3,835N/A6/30/201517,4862,112N/A4,128N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: LMP 의 연간 예상 수익 증가율(6.8%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: LMP 의 연간 수익(6.8%)이 German 시장(17.3%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: LMP 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: LMP 의 수익(연간 4.8%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: LMP 의 수익(연간 4.8%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: LMP의 자본 수익률은 3년 후 7.1%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YMaterials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/27 12:06종가2026/05/27 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Lee & Man Paper Manufacturing Limited는 19명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Edward LeungBofA Global ResearchJosephine CizekCFRA ResearchFeiyang YuanChina International Capital Corporation Limited16명의 분석가 더 보기
공시 • Jul 15Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Lee & Man Paper Manufacturing Limited provided earnings guidance for the six months ended 30 June 2023. Based on the preliminary review of the management accounts of the Group, the profit for the period of the Company for the six months ended 30 June 2023 is expected to decrease by approximately 58% as compared to the six months ended 30 June 2022 (the "Corresponding Period") due to a decrease in profit margin of the Group.
공시 • Feb 14Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Year Ended 31 December 2022Lee & Man Paper Manufacturing Limited provided earnings guidance for the year ended 31 December 2022. For the year, the profit is expected to decrease by approximately 60% as compared to the year ended 31 December 2021 due to a decrease in profit margin of the Group.
공시 • Jul 26Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022The board of directors of the Lee & Man Paper Manufacturing Limited announced that, based on the preliminary review of the management accounts of the Group, the profit attributable to ordinary shareholders of the Company for the six months ended 30 June 2022 is expected to decrease by approximately 59% as compared to the six months ended 30 June 2021 due to a decrease in profit margin of the Group.
Board Change • May 21Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Ronald Chan was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Mar 10Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026Lee & Man Paper Manufacturing Limited, Annual General Meeting, Apr 29, 2026.
공시 • Feb 26Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2025 Final Results on Mar 10, 2026Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2025 final results on Mar 10, 2026
공시 • Jul 28Lee & Man Paper Manufacturing Limited to Report First Half, 2025 Results on Aug 07, 2025Lee & Man Paper Manufacturing Limited announced that they will report first half, 2025 results on Aug 07, 2025
공시 • Mar 06Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 08, 2025.
공시 • Feb 24Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2024 Final Results on Mar 06, 2025Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2024 final results on Mar 06, 2025
Buy Or Sell Opportunity • Sep 20Now 21% overvaluedOver the last 90 days, the stock has fallen 20% to €0.20. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
Buy Or Sell Opportunity • Aug 26Now 23% overvaluedOver the last 90 days, the stock has fallen 18% to €0.21. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.2% in 2 years. Earnings are forecast to grow by 11% in the next 2 years.
Reported Earnings • Aug 05First half 2024 earnings released: EPS: HK$0.18 (vs HK$0.071 in 1H 2023)First half 2024 results: EPS: HK$0.18 (up from HK$0.071 in 1H 2023). Revenue: HK$12.5b (up 2.4% from 1H 2023). Net income: HK$760.2m (up 147% from 1H 2023). Profit margin: 6.1% (up from 2.5% in 1H 2023). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
Declared Dividend • Aug 04First half dividend of HK$0.062 announcedShareholders will receive a dividend of HK$0.062. Ex-date: 14th August 2024 Payment date: 5th September 2024 Dividend yield will be 30%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Aug 01Lee & Man Paper Manufacturing Limited declares Interim Dividend Declared for the Six Months Ended 30 June 2024Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.062 per share for Six Months Ended 30 June 2024. Ex-dividend date is 14 August 2024. Record date is 21 August 2024. Payment date is 05 September 2024.
공시 • Jul 13Lee & Man Paper Manufacturing Limited to Report First Half, 2024 Results on Aug 01, 2024Lee & Man Paper Manufacturing Limited announced that they will report first half, 2024 results on Aug 01, 2024
Buy Or Sell Opportunity • Jul 12Now 35% overvalued after recent price riseOver the last 90 days, the stock has risen 6.4% to €0.27. The fair value is estimated to be €0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Reported Earnings • Apr 11Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022)Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.05b (down 11% from FY 2022). Profit margin: 4.2% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: HK$0.24 (vs HK$0.28 in FY 2022)Full year 2023 results: EPS: HK$0.24 (down from HK$0.28 in FY 2022). Revenue: HK$24.9b (down 14% from FY 2022). Net income: HK$1.15b (down 2.8% from FY 2022). Profit margin: 4.6% (up from 4.1% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 35% per year, which means it has not declined as severely as earnings.
공시 • Mar 09Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024Lee & Man Paper Manufacturing Limited, Annual General Meeting, May 09, 2024.
공시 • Mar 08Lee & Man Paper Manufacturing Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 June 2024Lee & Man Paper Manufacturing Limited proposed Final dividend of HKD 0.061 per share for the year ended 31 December 2023, payable on 05 June 2024. Record date is on 21 May 2024. Ex-dividend date is on 13 May 2024. Date of shareholders' approval: 09 May 2024.
공시 • Feb 27Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2023 Final Results on Mar 08, 2024Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2023 final results on Mar 08, 2024
New Risk • Nov 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 14% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Reported Earnings • Aug 06First half 2023 earnings released: EPS: HK$0.071 (vs HK$0.18 in 1H 2022)First half 2023 results: EPS: HK$0.071 (down from HK$0.18 in 1H 2022). Revenue: HK$12.2b (down 20% from 1H 2022). Net income: HK$307.9m (down 61% from 1H 2022). Profit margin: 2.5% (down from 5.2% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Aug 04Upcoming dividend of HK$0.025 per share at 3.9% yieldEligible shareholders must have bought the stock before 11 August 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.8%).
공시 • Aug 03Lee & Man Paper Manufacturing Limited Announces Executive ChangesLee & Man Paper Manufacturing Limited announced that with effect from 2 August 2023, Mr. Wong Kai Tung Tony has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Peter A. Davies has resigned as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Mr. Chan Wai Yan Ronald has been appointed as an independent non-executive director of the Company and a member of each of the audit committee, remuneration committee and nomination committee of the Board. Ms. Lo Wing Sze BBS, JP, aged 51, holds a Bachelor of Economics Degree from the University of Sydney and a Master of Commerce in Finance Degree from the University of New South Wales in Australia. She is a member of the Hong Kong Institute of Certified Public Accountants and a fellow member of CPA Australia. She is the general manager and financial director of Million Tour Limited and the founder and financial director of M1 Hotel Group. Ms. Lo has been appointed as a member of the Chief Executive's Policy Unit Social Development Expert Group from 30 May 2023. Ms. Lo was appointed as a Justice of the Peace in 2017 and awarded the Bronze Bauhinia Star in 2020 by the Hong Kong Special Administrative Region ("HKSAR") Government. She is a member of the Election Committee 2021 (The Fourth Sector) of the HKSAR and was a member of the Election Committee for the Fifth Government of the HKSAR (Tourism Subsector). Ms. Lo is a member of the Social Workers Registration Board, the Advisory Committee on Post-office Employment for Former Chief Executives and Politically Appointed Officials, the Advisory Committee on Admission of Quality Migrants and Professionals and the District Fire Safety Committee (Wan Chai District). She is also an Honorary Court Member of the Lingnan University. Mr. Chan Wai Yan Ronald, aged 43, obtained a Bachelor of Science degree in finance and accounting from the Leonard N. Stern School of Business at New York University in the United States in May 2002. Mr. Chan founded Chartwell Capital Limited, an investment management company, in October 2007 and is currently the chief investment officer. He has been its responsible officer for Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO since November 2008 and February 2008, respectively. From July 2016 to July 2022, he served as a member of the Listing Committee of the Main Board and GEM of The Stock Exchange of Hong Kong Limited. Mr. Chan is an independent non-executive director of Powerlong Commercial Management Holdings Limited (Hong Kong Stock Code: 9909) since December 2019 and an independent non-executive director of Hong Kong Ferry (Holdings) Company Limited since 20 March 2023. From December 2017 to December 2021, Mr. Chan was an independent non-executive director of Wine's Link International Holdings Limited.
New Risk • Aug 02New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (2.6% net profit margin).
공시 • Aug 02Lee & Man Paper Manufacturing Limited Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on September 5, 2023Lee & Man Paper Manufacturing Limited declared interim dividend of HKD 0.025 per share for Six Months Ended 30 June 2023. Ex-dividend date is 11 August 2023. Record date is 18 August 2023. Payment date is 05 September 2023.
공시 • Jul 15Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2023Lee & Man Paper Manufacturing Limited provided earnings guidance for the six months ended 30 June 2023. Based on the preliminary review of the management accounts of the Group, the profit for the period of the Company for the six months ended 30 June 2023 is expected to decrease by approximately 58% as compared to the six months ended 30 June 2022 (the "Corresponding Period") due to a decrease in profit margin of the Group.
Upcoming Dividend • May 04Upcoming dividend of HK$0.033 per share at 3.1% yieldEligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.6%).
Reported Earnings • Apr 06Full year 2022 earnings releasedFull year 2022 results: EPS: HK$0.28. Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.19b (down 62% from FY 2021). Profit margin: 4.1% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat.
Buying Opportunity • Mar 08Now 24% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be €0.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has declined by 20%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
Reported Earnings • Mar 02Full year 2022 earnings released: EPS: HK$0.28 (vs HK$0.72 in FY 2021)Full year 2022 results: EPS: HK$0.28 (down from HK$0.72 in FY 2021). Revenue: HK$29.2b (down 10% from FY 2021). Net income: HK$1.32b (down 58% from FY 2021). Profit margin: 4.5% (down from 9.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 19% per year.
공시 • Feb 18Lee & Man Paper Manufacturing Limited to Report Fiscal Year 2022 Final Results on Mar 01, 2023Lee & Man Paper Manufacturing Limited announced that they will report fiscal year 2022 final results on Mar 01, 2023
공시 • Feb 14Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Year Ended 31 December 2022Lee & Man Paper Manufacturing Limited provided earnings guidance for the year ended 31 December 2022. For the year, the profit is expected to decrease by approximately 60% as compared to the year ended 31 December 2021 due to a decrease in profit margin of the Group.
공시 • Dec 31+ 1 more updateLee & Man Paper Manufacturing Limited Announces Resignation of Mr. Cheung Kwok Keung as the Chief Financial OfficerThe board of directors of Lee & Man Paper Manufacturing Limited announced the resignation of Mr. Cheung Kwok Keung ("Mr. Cheung") as the Chief Financial Officer of the Company (Chief Financial Officer), Company Secretary of the Company (Company Secretary) and an authorised representative of the Company (Authorised Representative) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 31 December 2022 as he has decided to retire and spend more time with his family. The Company is now actively seeking to identify an appropriate candidate to fill the vacancy of Chief Financial Officer and will make an appropriate announcement once an appointment has been made.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Sep 14Insider recently bought €434k worth of stockOn the 7th of September, Wan Lee bought around 1m shares on-market at roughly €0.35 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €10m more in shares than they have sold in the last 12 months.
Upcoming Dividend • Aug 12Upcoming dividend of HK$0.065 per shareEligible shareholders must have bought the stock before 19 August 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 38% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.6%).
공시 • Aug 09Lee & Man Paper Manufacturing Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable on 6 September 2022Lee & Man Paper Manufacturing Limited announced interim dividend for six months ended 30 June 2022 of HKD 0.065 per share. The dividend is payable on 6 September 2022 with record date of 26 August 2022 and ex-dividend date of 19 August 2022.
Reported Earnings • Aug 09First half 2022 earnings releasedFirst half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$1.94b from profit in 1H 2021). Profit margin: (down from 13% in 1H 2021). The decrease in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.7%, compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 9% per year.
공시 • Jul 28Lee & Man Paper Manufacturing Limited to Report First Half, 2022 Results on Aug 08, 2022Lee & Man Paper Manufacturing Limited announced that they will report first half, 2022 results on Aug 08, 2022
공시 • Jul 26Lee & Man Paper Manufacturing Limited Provides Earnings Guidance for the Six Months Ended 30 June 2022The board of directors of the Lee & Man Paper Manufacturing Limited announced that, based on the preliminary review of the management accounts of the Group, the profit attributable to ordinary shareholders of the Company for the six months ended 30 June 2022 is expected to decrease by approximately 59% as compared to the six months ended 30 June 2021 due to a decrease in profit margin of the Group.
Recent Insider Transactions • May 11Insider recently bought €597k worth of stockOn the 6th of May, Wan Lee bought around 1m shares on-market at roughly €0.43 per share. In the last 3 months, they made an even bigger purchase worth €937k. Insiders have collectively bought €9.3m more in shares than they have sold in the last 12 months.
Upcoming Dividend • May 09Upcoming dividend of HK$0.11 per shareEligible shareholders must have bought the stock before 16 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 7.2%. Within top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.2%).
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director David Chau was the last independent director to join the board, commencing their role in 2008. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Apr 08Full year 2021 earnings released: EPS: HK$0.72 (vs HK$0.81 in FY 2020)Full year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.12b (down 11% from FY 2020). Profit margin: 9.6% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 4.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Mar 08Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: HK$0.72 (down from HK$0.81 in FY 2020). Revenue: HK$32.5b (up 26% from FY 2020). Net income: HK$3.25b (down 7.7% from FY 2020). Profit margin: 10.0% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 3.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year.
Recent Insider Transactions • Dec 14Insider recently bought €2.3m worth of stockOn the 13th of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. In the last 3 months, they made an even bigger purchase worth €2.5m. Insiders have collectively bought €4.8m more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Dec 03Insider recently bought €2.5m worth of stockOn the 2nd of December, Wan Lee bought around 4m shares on-market at roughly €0.63 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Upcoming Dividend • Aug 10Upcoming dividend of HK$0.15 per shareEligible shareholders must have bought the stock before 17 August 2021. Payment date: 03 September 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Aug 05First half 2021 earnings released: EPS HK$0.45 (vs HK$0.31 in 1H 2020)The company reported a solid first half result with improved earnings and revenues, although profit margins were flat. First half 2021 results: Revenue: HK$15.2b (up 37% from 1H 2020). Net income: HK$1.94b (up 45% from 1H 2020). Profit margin: 13% (in line with 1H 2020). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
Upcoming Dividend • Apr 28Upcoming dividend of HK$0.18 per shareEligible shareholders must have bought the stock before 04 May 2021. Payment date: 26 May 2021. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.6%).
Reported Earnings • Mar 27Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 05Full year 2020 earnings released: EPS HK$0.81 (vs HK$0.74 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: HK$25.9b (down 4.7% from FY 2019). Net income: HK$3.52b (up 8.9% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Mar 05Revenue misses expectationsRevenue missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 17%, compared to a 1.5% growth forecast for the Forestry industry in Germany.
공시 • Mar 03Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021Lee and Man Paper Manufacturing Limited, Annual General Meeting, Apr 30, 2021. Agenda: To consider final dividend.
Is New 90 Day High Low • Feb 20New 90-day high: €0.87The company is up 38% from its price of €0.63 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.76 per share.
공시 • Feb 06Lee and Man Paper Manufacturing Limited to Report Fiscal Year 2020 Results on Mar 02, 2021Lee and Man Paper Manufacturing Limited announced that they will report fiscal year 2020 results on Mar 02, 2021
Is New 90 Day High Low • Feb 02New 90-day high: €0.73The company is up 11% from its price of €0.66 on 04 November 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Forestry industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.80 per share.
Is New 90 Day High Low • Nov 07New 90-day high: €0.66The company is up 26% from its price of €0.53 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Forestry industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.94 per share.
공시 • Jul 18Lee and Man Paper Manufacturing Limited to Report First Half, 2020 Results on Aug 04, 2020Lee and Man Paper Manufacturing Limited announced that they will report first half, 2020 results on Aug 04, 2020