SZSE:002269

Stock Analysis Report

Shanghai Metersbonwe Fashion and Accessories

Executive Summary

Shanghai Metersbonwe Fashion and Accessories Co., Ltd.


Snowflake Analysis

Adequate balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Shanghai Metersbonwe Fashion and Accessories's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002269's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.5%

2269

-3.6%

CN Luxury

-2.4%

CN Market


1 Year Return

-36.3%

2269

-24.4%

CN Luxury

-10.0%

CN Market

Return vs Industry: 002269 underperformed the CN Luxury industry which returned -24.4% over the past year.

Return vs Market: 002269 underperformed the CN Market which returned -10% over the past year.


Shareholder returns

2269IndustryMarket
7 Day1.5%-3.6%-2.4%
30 Day-9.3%-12.0%-9.8%
90 Day-19.0%-9.5%-7.5%
1 Year-36.3%-36.3%-23.0%-24.4%-8.5%-10.0%
3 Year-55.2%-55.2%-45.5%-47.8%-13.5%-17.0%
5 Year-80.1%-80.2%-45.9%-49.1%-21.4%-26.2%

Price Volatility Vs. Market

How volatile is Shanghai Metersbonwe Fashion and Accessories's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Shanghai Metersbonwe Fashion and Accessories undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 002269 (CN¥2.05) is trading below our estimate of fair value (CN¥16.55)

Significantly Below Fair Value: 002269 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 002269 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 002269 is unprofitable, so we can't compare its PE Ratio to the CN market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 002269's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 002269 is overvalued based on its PB Ratio (2x) compared to the CN Luxury industry average (1.8x).


Next Steps

Future Growth

How is Shanghai Metersbonwe Fashion and Accessories forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

103.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002269 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.2%).

Earnings vs Market: 002269 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: 002269's is expected to become profitable in the next 3 years.

Revenue vs Market: 002269's revenue (4.8% per year) is forecast to grow slower than the CN market (15.7% per year).

High Growth Revenue: 002269's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 002269's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

How has Shanghai Metersbonwe Fashion and Accessories performed over the past 5 years?

-8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002269 is currently unprofitable.

Growing Profit Margin: 002269 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 002269 is unprofitable, and losses have increased over the past 5 years at a rate of -8.4% per year.

Accelerating Growth: Unable to compare 002269's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 002269 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (0.2%).


Return on Equity

High ROE: 002269 has a negative Return on Equity (-9.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Shanghai Metersbonwe Fashion and Accessories's financial position?


Financial Position Analysis

Short Term Liabilities: 002269's short term assets (CN¥4.4B) do not cover its short term liabilities (CN¥4.4B).

Long Term Liabilities: 002269 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 002269's debt to equity ratio (45.9%) is considered high.

Reducing Debt: 002269's debt to equity ratio has reduced from 56.5% to 45.9% over the past 5 years.


Balance Sheet

Inventory Level: 002269 has a high level of physical assets or inventory.

Debt Coverage by Assets: 002269's debt is covered by short term assets (assets are 3.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 002269 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 002269 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -34.5% per year.


Next Steps

Dividend

What is Shanghai Metersbonwe Fashion and Accessories's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002269's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 002269's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 002269's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002269's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 002269 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002269's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

CN¥707k

CEO Compensation


CEO

Chengjian Zhou (54yo)

no data

Tenure

CN¥707,400

Compensation

Mr. Chengjian Zhou is a Co-Founder of Yunfeng Capital and Founded Shanghai Metersbonwe Fashion and Accessories Co., Ltd. in 1994. Mr. Zhou serves as the President of Shanghai Metersbonwe Fashion and Access ...


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.3%.


Top Shareholders

Company Information

Shanghai Metersbonwe Fashion and Accessories Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Shanghai Metersbonwe Fashion and Accessories Co., Ltd.
  • Ticker: 2269
  • Exchange: SZSE
  • Founded: 1933
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: CN¥5.151b
  • Shares outstanding: 2.51b
  • Website: https://www.metersbonwe.com

Number of Employees


Location

  • Shanghai Metersbonwe Fashion and Accessories Co., Ltd.
  • No.800, East Kangqiao Road
  • Pilot Free Trade Zone
  • Shanghai
  • 201319
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2269SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYAug 2008
2269XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYAug 2008

Biography

Shanghai Metersbonwe Fashion and Accessories Co., Ltd. researches, designs, develops, produces, and distributes casual wear products in the People’s Republic of China. The company is also involved in the franchisee distribution activity. It offers its products under the Metersbonwe, ME&CITY, MooMmoo, Me&City Kids, and CH'IN brand names. The company was founded in 1933 and is based in Shanghai, the People’s Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/02 17:35
End of Day Share Price2020/04/02 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.