NOT FOR DISTRIBUTION
Header cover image

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


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

2677IndustryMarket
7 Day4.0%-3.4%-2.5%
30 Day9.1%1.7%-0.2%
90 Day8.2%-7.6%-6.0%
1 Year77.0%68.5%53.3%50.0%26.7%24.7%
3 Year20.8%11.3%46.9%38.5%25.7%19.6%
5 Year126.0%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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/15 09:13
End of Day Share Price2021/04/15 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.