Zhejiang Meida Industrial
Market Cap
CN¥12.6b
Last Updated
2021/04/15 09:13 UTC
Data Sources
Company Financials +
Executive Summary
Zhejiang Meida Industrial Co., Ltd. develops, manufactures, and sells kitchen electrical appliances in China. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Share Price & News
How has Zhejiang Meida Industrial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002677 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 002677's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of CN stocks.
Market Performance
7 Day Return
4.0%
2677
-3.4%
CN Consumer Durables
-2.5%
CN Market
1 Year Return
68.5%
2677
50.0%
CN Consumer Durables
24.7%
CN Market
Return vs Industry: 002677 exceeded the CN Consumer Durables industry which returned 52.3% over the past year.
Return vs Market: 002677 exceeded the CN Market which returned 25.9% over the past year.
Shareholder returns
| 2677 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | -3.4% | -2.5% |
| 30 Day | 9.1% | 1.7% | -0.2% |
| 90 Day | 8.2% | -7.6% | -6.0% |
| 1 Year | 77.0%68.5% | 53.3%50.0% | 26.7%24.7% |
| 3 Year | 20.8%11.3% | 46.9%38.5% | 25.7%19.6% |
| 5 Year | 126.0%96.0% | 124.6%104.9% | 30.5%21.7% |
Long-Term Price Volatility Vs. Market
How volatile is Zhejiang Meida Industrial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Zhejiang Meida Industrial undervalued compared to its fair value and its price relative to the market?
13.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 002677 (CN¥19.45) is trading below our estimate of fair value (CN¥22.5)
Significantly Below Fair Value: 002677 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 002677 is good value based on its PE Ratio (23.1x) compared to the CN Consumer Durables industry average (29x).
PE vs Market: 002677 is good value based on its PE Ratio (23.1x) compared to the CN market (33.3x).
Price to Earnings Growth Ratio
PEG Ratio: 002677 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 002677 is overvalued based on its PB Ratio (7.4x) compared to the CN Consumer Durables industry average (3.1x).
Future Growth
How is Zhejiang Meida Industrial forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
18.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002677's forecast earnings growth (18% per year) is above the savings rate (3.3%).
Earnings vs Market: 002677's earnings (18% per year) are forecast to grow slower than the CN market (23.3% per year).
High Growth Earnings: 002677's earnings are forecast to grow, but not significantly.
Revenue vs Market: 002677's revenue (18.5% per year) is forecast to grow faster than the CN market (17.9% per year).
High Growth Revenue: 002677's revenue (18.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002677's Return on Equity is forecast to be high in 3 years time (31.7%)
Past Performance
How has Zhejiang Meida Industrial performed over the past 5 years?
23.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002677 has high quality earnings.
Growing Profit Margin: 002677's current net profit margins (30.7%) are higher than last year (27.3%).
Past Earnings Growth Analysis
Earnings Trend: 002677's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: 002677's earnings growth over the past year (18.3%) is below its 5-year average (23% per year).
Earnings vs Industry: 002677 earnings growth over the past year (18.3%) exceeded the Consumer Durables industry 8.3%.
Return on Equity
High ROE: 002677's Return on Equity (31.9%) is considered high.
Financial Health
How is Zhejiang Meida Industrial's financial position?
Financial Position Analysis
Short Term Liabilities: 002677's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥448.5M).
Long Term Liabilities: 002677's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥26.3M).
Debt to Equity History and Analysis
Debt Level: 002677's debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 002677's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 002677's debt is well covered by operating cash flow (21806.8%).
Interest Coverage: 002677 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Zhejiang Meida Industrial current dividend yield, its reliability and sustainability?
3.08%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002677's dividend (3.08%) is higher than the bottom 25% of dividend payers in the CN market (0.44%).
High Dividend: 002677's dividend (3.08%) is in the top 25% of dividend payers in the CN market (1.81%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 002677 has been paying a dividend for less than 10 years.
Growing Dividend: 002677's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.3%), 002677's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 002677's dividends in 3 years are forecast to be covered by earnings (73.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average board tenure
CEO
Lan Xia (42 yo)
no data
Tenure
CN¥807,900
Compensation
Ms. Lan Xia serves as Chairman and General Manager of Zhejiang Meida Industrial Co., Ltd.. She served as Secretary of the Board and Deputy General Manager at Zhejiang Meida Industrial Co., Ltd. and serves...
Board Members
Experienced Board: 002677's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Zhejiang Meida Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zhejiang Meida Industrial Co., Ltd.
- Ticker: 2677
- Exchange: SZSE
- Founded: 2001
- Industry: Household Appliances
- Sector: Consumer Durables
- Market Cap: CN¥12.566b
- Shares outstanding: 646.05m
- Website: https://www.meida.com
Number of Employees
Location
- Zhejiang Meida Industrial Co., Ltd.
- 60K, East and West Avenue
- Haining
- Zhejiang Province
- 314416
- China
Listings
Biography
Zhejiang Meida Industrial Co., Ltd. develops, manufactures, and sells kitchen electrical appliances in China. It offers a range of kitchen products, including hoods, stoves, cookers, disinfection cabinets,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/15 09:13 |
| End of Day Share Price | 2021/04/15 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.