SZSE:002303

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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

Stable Share Price: 002303 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.1%

2303

-1.0%

CN Packaging

-0.4%

CN Market


1 Year Return

-29.4%

2303

37.4%

CN Packaging

25.0%

CN Market

Return vs Industry: 002303 underperformed the CN Packaging industry which returned 41% over the past year.

Return vs Market: 002303 underperformed the CN Market which returned 28.6% over the past year.


Shareholder returns

2303IndustryMarket
7 Day-3.1%-1.0%-0.4%
30 Day-3.5%0.3%1.4%
90 Day-16.0%-2.8%-3.5%
1 Year-24.2%-29.4%39.2%37.4%27.2%25.0%
3 Year-32.1%-40.4%14.1%9.3%12.5%7.1%
5 Yearn/a-38.9%-42.4%5.3%-1.9%

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 compared to its fair value and its price relative to the market?

17.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002303 (CN¥4.4) is trading above our estimate of fair value (CN¥2.02)

Significantly Below Fair Value: 002303 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002303 is good value based on its PE Ratio (17.4x) compared to the CN Packaging industry average (34x).

PE vs Market: 002303 is good value based on its PE Ratio (17.4x) compared to the CN market (39.6x).


Price to Earnings Growth Ratio

PEG Ratio: 002303 is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: 002303 is good value based on its PB Ratio (1.4x) compared to the CN Packaging industry average (2.9x).


Next Steps

Future Growth

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

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002303's forecast earnings growth (6.9% per year) is above the savings rate (3.3%).

Earnings vs Market: 002303's earnings (6.9% per year) are forecast to grow slower than the CN market (23.9% per year).

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

Revenue vs Market: 002303's revenue is expected to decline over the next 3 years (-0.7% per year).

High Growth Revenue: 002303's revenue is forecast to decline over the next 3 years (-0.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 002303's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MYS Group performed over the past 5 years?

17.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002303 has a large one-off gain of CN¥177.1M impacting its September 30 2020 financial results.

Growing Profit Margin: 002303's current net profit margins (11.8%) are lower than last year (12.5%).


Past Earnings Growth Analysis

Earnings Trend: 002303's earnings have grown by 17.6% per year over the past 5 years.

Accelerating Growth: 002303's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 002303 had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the Packaging industry average (10.2%).


Return on Equity

High ROE: 002303's Return on Equity (7.9%) is considered low.


Next Steps

Financial Health

How is MYS Group's financial position?


Financial Position Analysis

Short Term Liabilities: 002303's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥2.1B).

Long Term Liabilities: 002303's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥266.4M).


Debt to Equity History and Analysis

Debt Level: 002303's debt to equity ratio (17.6%) is considered satisfactory.

Reducing Debt: 002303's debt to equity ratio has increased from 0.4% to 17.6% over the past 5 years.

Debt Coverage: 002303's debt is well covered by operating cash flow (53%).

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


Balance Sheet


Next Steps

Dividend

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

7.57%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 002303's dividend (7.57%) is higher than the bottom 25% of dividend payers in the CN market (0.36%).

High Dividend: 002303's dividend (7.57%) is in the top 25% of dividend payers in the CN market (1.67%)


Stability and Growth of Payments

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 9 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (131.8%), 002303's dividend payments are not well 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

  • Explore strong dividend paying companies in the Materials industry.

Management

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

0.9yrs

Average board tenure


CEO

Zhen Zhang (62 yo)

no data

Tenure

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 ...


Board Members

NamePositionTenureCompensationOwnership
Lin Huang
Deputy GM & Non-Independent Director0.92yrCN¥390.00k0.035%
CN¥ 2.3m
Zhen Zhang
Chairman of the Board of Directors & GMno datano data0.015%
CN¥ 984.4k
Haipeng Wang
Non-Independent Director0.92yrCN¥550.00k43.24%
CN¥ 2.9b
Hong Wang
Member of the Supervisory Committeeno datano datano data
Shao Ling Cai
Chairman of the Supervisory Committeeno datano datano data
Li Ke Chen
Member of the Supervisory Committeeno datano datano data
Zhijun Wang
Non-Independent Director0.92yrno data8.95%
CN¥ 602.9m
Wanda Guo
Independent Director0.92yrno datano data
Wei Tan
Independent Director0.92yrno datano data
Chunbin Liu
Independent Director0.92yrno datano data
Zeyu Li
Shareholder Supervisor0.92yrno datano data

0.9yrs

Average Tenure

51yo

Average Age

Experienced Board: 002303's board of directors are not considered experienced ( 0.9 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

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¥6.738b
  • 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 Analysis2020/10/30 15:44
End of Day Share Price2020/10/30 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.