SHSE:601677

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Henan Mingtai Al.Industrial

Executive Summary

Henan Mingtai Al.Industrial Co.,Ltd. engages in the research, development, production, and sale of aluminum products in China. More Details


Snowflake Analysis

Very undervalued with excellent balance sheet.


Similar Companies

Share Price & News

How has Henan Mingtai Al.Industrial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 601677 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 601677's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

-8.9%

601677

-0.9%

CN Metals and Mining

-0.8%

CN Market


1 Year Return

24.1%

601677

27.2%

CN Metals and Mining

33.1%

CN Market

Return vs Industry: 601677 underperformed the CN Metals and Mining industry which returned 27.2% over the past year.

Return vs Market: 601677 underperformed the CN Market which returned 33.1% over the past year.


Shareholder returns

601677IndustryMarket
7 Day-8.9%-0.9%-0.8%
30 Day-0.6%14.1%3.8%
90 Day21.3%5.6%-2.1%
1 Year25.5%24.1%29.3%27.2%35.4%33.1%
3 Year-1.3%-5.1%-10.2%-14.3%19.4%13.6%
5 Year-5.5%-10.5%1.7%-3.4%8.4%1.1%

Long-Term Price Volatility Vs. Market

How volatile is Henan Mingtai Al.Industrial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Henan Mingtai Al.Industrial 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: 601677 (CN¥13.33) is trading below our estimate of fair value (CN¥188.79)

Significantly Below Fair Value: 601677 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 601677 is good value based on its PE Ratio (8.8x) compared to the CN Metals and Mining industry average (34x).

PE vs Market: 601677 is good value based on its PE Ratio (8.8x) compared to the CN market (38.5x).


Price to Earnings Growth Ratio

PEG Ratio: 601677 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 601677 is good value based on its PB Ratio (1x) compared to the CN Metals and Mining industry average (2.3x).


Next Steps

Future Growth

How is Henan Mingtai Al.Industrial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 601677's forecast earnings growth (15% per year) is above the savings rate (3.3%).

Earnings vs Market: 601677's earnings (15% per year) are forecast to grow slower than the CN market (24.2% per year).

High Growth Earnings: 601677's earnings are forecast to grow, but not significantly.

Revenue vs Market: 601677's revenue (11.8% per year) is forecast to grow slower than the CN market (18% per year).

High Growth Revenue: 601677's revenue (11.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 601677's Return on Equity is forecast to be low in 3 years time (12.6%).


Next Steps

Past Performance

How has Henan Mingtai Al.Industrial performed over the past 5 years?

34.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 601677 has a large one-off gain of CN¥379.4M impacting its September 30 2020 financial results.

Growing Profit Margin: 601677's current net profit margins (6.2%) are higher than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: 601677's earnings have grown significantly by 34.4% per year over the past 5 years.

Accelerating Growth: 601677's earnings growth over the past year (16.4%) is below its 5-year average (34.4% per year).

Earnings vs Industry: 601677 earnings growth over the past year (16.4%) exceeded the Metals and Mining industry 5.2%.


Return on Equity

High ROE: 601677's Return on Equity (12%) is considered low.


Next Steps

Financial Health

How is Henan Mingtai Al.Industrial's financial position?


Financial Position Analysis

Short Term Liabilities: 601677's short term assets (CN¥8.6B) exceed its short term liabilities (CN¥2.8B).

Long Term Liabilities: 601677's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥1.8B).


Debt to Equity History and Analysis

Debt Level: 601677's debt to equity ratio (20.5%) is considered satisfactory.

Reducing Debt: 601677's debt to equity ratio has increased from 9.5% to 20.5% over the past 5 years.

Debt Coverage: 601677's debt is well covered by operating cash flow (91.7%).

Interest Coverage: 601677's interest payments on its debt are well covered by EBIT (16.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Henan Mingtai Al.Industrial current dividend yield, its reliability and sustainability?

0.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 601677's dividend (0.75%) is higher than the bottom 25% of dividend payers in the CN market (0.37%).

High Dividend: 601677's dividend (0.75%) is low compared to the top 25% of dividend payers in the CN market (1.66%).


Stability and Growth of Payments

Stable Dividend: 601677 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 601677 has only been paying a dividend for 9 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.6%), 601677's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 601677's dividends in 3 years are forecast to be well covered by earnings (18.4% payout ratio).


Next Steps

Management

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

4.5yrs

Average board tenure


CEO

Jie Liu (39 yo)

4.83yrs

Tenure

CN¥345,600

Compensation

Mr. Jie Liu has been General Manager of Henan Mingtai Al.Industrial Co.,Ltd. since June 17, 2016 and serves as its Director. Mr. Liu served as Deputy General Manager at Henan Mingtai Al.Industrial Co.,Ltd....


Board Members

NamePositionTenureCompensationOwnership
Jie Liu
GM & Director4.83yrsCN¥345.60k0.11%
CN¥ 8.8m
You Dong Du
Vice Chairman4.83yrsCN¥200.40k0.33%
CN¥ 27.4m
Xinmin Hua
Vice Chairman4.83yrsCN¥344.40k2.79%
CN¥ 229.6m
Ting Yi Ma
Chairman of the board13.83yrsCN¥457.20k17.19%
CN¥ 1.4b
Hui Li
Employee Representative Member of the Supervisory Board4.5yrsCN¥78.00kno data
Hao Li
Employee Representative Member of the Supervisory Board4.5yrsCN¥164.00kno data
Xiayun Song
Independent Directorno dataCN¥10.50kno data
Huipeng Sun
Chairman of Board of Supervisors4.42yrsno datano data
Wei Gao
Independent Director3.83yrsno datano data
Zhengguo Zhou
Independent Director4.5yrsCN¥42.00kno data

4.5yrs

Average Tenure

50yo

Average Age

Experienced Board: 601677's board of directors are considered experienced (4.5 years average tenure).


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

Henan Mingtai Al.Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Henan Mingtai Al.Industrial Co., Ltd.
  • Ticker: 601677
  • Exchange: SHSE
  • Founded: 1997
  • Industry: Aluminum
  • Sector: Materials
  • Market Cap: CN¥8.215b
  • Shares outstanding: 616.30m
  • Website: https://www.mingtai-al.com

Number of Employees


Location

  • Henan Mingtai Al.Industrial Co., Ltd.
  • High and New Technology Development Zone
  • NO. 6 Changchun Road
  • Zhengzhou
  • Henan Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
601677SHSE (Shanghai Stock Exchange)YesDomestic SharesCNCNYSep 2011

Biography

Henan Mingtai Al.Industrial Co.,Ltd. engages in the research, development, production, and sale of aluminum products in China. It offers aluminum sheets, coils, plates, and foils. The company’s products ar...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/30 09:07
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.