SZSE:002303

Stock Analysis Report

Executive Summary

MYS Group Co., Ltd. develops, produces, and sells packaging products in China and internationally.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has MYS Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.4%

2303

2.8%

CN Packaging

2.4%

CN Market


1 Year Return

9.7%

2303

22.8%

CN Packaging

23.6%

CN Market


Share holder returns

2303IndustryMarket
7 Day4.4%2.8%2.4%
30 Day-3.7%-2.6%-2.4%
90 Day2.5%-0.06%3.4%
1 Year13.9%9.7%24.5%22.8%25.8%23.6%
3 Year-60.9%-63.2%-30.7%-33.5%-9.5%-13.1%
5 Year-18.8%-23.9%-5.7%-11.5%37.2%29.0%

Price Volatility Vs. Market

How volatile is MYS Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MYS Group undervalued based on future cash flows and its price relative to the stock market?

19.44x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: 002303 (CN¥4.97) is trading above our estimate of fair value (CN¥1.95)

Significantly Undervalued: 002303 is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: 002303 is good value based on its PE Ratio (19.4x) compared to the Packaging industry average (43.7x).

PE vs Market: 002303 is good value based on its PE Ratio (19.4x) compared to the CN market (32.1x).


Price Based on Expected Growth

Low PEG Ratio: 002303 is poor value based on its PEG Ratio (1.4x)


Price Based on Value of Assets

PB vs Industry: 002303 is good value based on its PB Ratio (1.6x) compared to the CN Packaging industry average (2.7x).


Next Steps

Future Growth

How is MYS Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 002303's forecast earnings growth (13.4% per year) is above the savings rate (2.7%).

Earnings vs Market: 002303's earnings (13.4% per year) are forecast to grow slower than the CN market (18.4% per year).

High Growth Earnings: 002303's earnings are forecast to grow, but not significantly.

Revenue vs Market: 002303's revenue (7.9% per year) is forecast to grow slower than the CN market (15.3% per year).

High Growth Revenue: 002303's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has MYS Group performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 002303's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: 002303's earnings growth over the past year (3.6%) is below its 5-year average (12.7% per year).

Earnings vs Industry: 002303 earnings growth over the past year (3.6%) underperformed the Packaging industry 14.6%.


Return on Equity

High ROE: 002303's Return on Equity (7.7%) is considered low.


Return on Assets

ROA vs Industry: 002303 has a higher Return on Assets than the Packaging industry average last year.


Return on Capital Employed

ROCE Improving: 002303 has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is MYS Group's financial position?


Financial Position Analysis

Short Term Liabilities: 002303's short term assets (CN¥3.3B) exceeds its short term liabilities (CN¥1.6B)

Long Term Liabilities: 002303's short term assets (3.3B) exceeds its long term liabilities (131.1M)


Debt to Equity History and Analysis

Debt Level: 002303's debt to equity ratio (9.5%) is considered satisfactory

Reducing Debt: 002303's debt to equity ratio has increased from 0.2% to 9.5% over the past 5 years.

Debt Coverage: 002303's debt is well covered by operating cash flow (80.4%).

Interest Coverage: 002303 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is MYS Group's current dividend yield, its reliability and sustainability?

2.72%

Expected Dividend Yield


Dividend Yield vs Market

company4.0%marketbottom25%0.5%markettop25%1.9%industryaverage0.9%forecastin3Years2.7%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 002303's dividend (4.02%) is higher than the bottom 25% of dividend payers in the CN market (0.45%).

High Dividend: 002303's dividend (4.02%) is in the top 25% of dividend payers in the CN market (1.89%)

Stable Dividend: 002303 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002303's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (78.2%), 002303's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of MYS Group's salary, the management and board of directors tenure and is there insider trading?


CEO

Zhen Yi Zhang (61yo)

0yrs

Tenure

0

Mr. Zhen Yi Zhang serves as the Chairman of the Board of Directors and General Manager at MYS Group Co., Ltd. Mr. Zhang served as General Manager of Wuhan MYS Environmental Protection and Technology Co., L ...


Insider Trading

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


Ownership Breakdown


Management Team

  • Lin Huang (50yo)

    Deputy General Manager and Secretary of the Board of Directors

    • Tenure: 0yrs
    • Compensation: CN¥390.00k
  • Hong Gui Yuan (40yo)

    Chief Financial Officer

    • Tenure: 0yrs
    • Compensation: CN¥290.00k
  • Zhen Yi Zhang (61yo)

    Chairman of the Board of Directors and General Manager

    • Tenure: 0yrs
  • Da Chang Feng (57yo)

    Deputy General Manager and Director

    • Tenure: 0yrs
    • Compensation: CN¥380.00k

Board Members

  • JianJun Zhang (54yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: CN¥120.00k
  • Hong Chan Wang (39yo)

    Member of the Supervisory Committee

    • Tenure: 0yrs
  • Zhen Yi Zhang (61yo)

    Chairman of the Board of Directors and General Manager

    • Tenure: 0yrs
  • Da Chang Feng (57yo)

    Deputy General Manager and Director

    • Tenure: 0yrs
    • Compensation: CN¥380.00k
  • Jun De Chen (49yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: CN¥120.00k
  • Wei Dong Li (51yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: CN¥120.00k
  • Shao Ling Cai (77yo)

    Chairman of the Supervisory Committee

    • Tenure: 0yrs
  • Li Ke Chen (43yo)

    Member of the Supervisory Committee

    • Tenure: 0yrs

Company Information

MYS Group Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MYS Group Co., Ltd.
  • Ticker: 2303
  • Exchange: SZSE
  • Founded: 2000
  • Industry: Paper Packaging
  • Sector: Materials
  • Market Cap: CN¥7.611b
  • Shares outstanding: 1.53b
  • Website: https://www.szmys.com

Number of Employees


Location

  • MYS Group Co., Ltd.
  • MYS Industry Park
  • Xinbeitou
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2303SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYNov 2009
2303XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)YesDomestic SharesCNCNYNov 2009

Biography

MYS Group Co., Ltd. develops, produces, and sells packaging products in China and internationally. It offers packaging design, packaging optimizing, logistics distribution, third party purchasing, professi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 14:53
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
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.

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