Henan Mingtai Al.Industrial Co.,Ltd. engages in the research, development, production, and sale of aluminum products in China. More Details
Very undervalued with excellent balance sheet.
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.
7 Day Return
CN Metals and Mining
1 Year Return
CN Metals and Mining
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.
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
Is Henan Mingtai Al.Industrial undervalued compared to its fair value and its price relative to the market?
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).
How is Henan Mingtai Al.Industrial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%).
How has Henan Mingtai Al.Industrial performed over the past 5 years?
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.
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).
What is Henan Mingtai Al.Industrial current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jie Liu (39 yo)
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....
|GM & Director||4.83yrs||CN¥345.60k||0.11% |
|Vice Chairman||4.83yrs||CN¥200.40k||0.33% |
|Vice Chairman||4.83yrs||CN¥344.40k||2.79% |
|Chairman of the board||13.83yrs||CN¥457.20k||17.19% |
|Employee Representative Member of the Supervisory Board||4.5yrs||CN¥78.00k||no data|
|Employee Representative Member of the Supervisory Board||4.5yrs||CN¥164.00k||no data|
|Independent Director||no data||CN¥10.50k||no data|
|Chairman of Board of Supervisors||4.42yrs||no data||no data|
|Independent Director||3.83yrs||no data||no data|
|Independent Director||4.5yrs||CN¥42.00k||no data|
Experienced Board: 601677's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Henan Mingtai Al.Industrial Co., Ltd.'s company bio, employee growth, exchange listings and data sources
- 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
- Henan Mingtai Al.Industrial Co., Ltd.
- High and New Technology Development Zone
- NO. 6 Changchun Road
- Henan Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|601677||SHSE (Shanghai Stock Exchange)||Yes||Domestic Shares||CN||CNY||Sep 2011|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/30 09:07|
|End of Day Share Price||2020/11/27 00:00|
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.