MYS Group
Market Cap
CN¥6.7b
Last Updated
2020/10/30 15:44 UTC
Data Sources
Company Financials +
Executive Summary
MYS Group Co., Ltd. develops, produces, and sells packaging products in China and internationally. More Details
Rewards
Risk Analysis
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
| 2303 | Industry | Market | |
|---|---|---|---|
| 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 Year | n/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.
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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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Deputy GM & Non-Independent Director | 0.92yr | CN¥390.00k | 0.035% CN¥ 2.3m | |
| Chairman of the Board of Directors & GM | no data | no data | 0.015% CN¥ 984.4k | |
| Non-Independent Director | 0.92yr | CN¥550.00k | 43.24% CN¥ 2.9b | |
| Member of the Supervisory Committee | no data | no data | no data | |
| Chairman of the Supervisory Committee | no data | no data | no data | |
| Member of the Supervisory Committee | no data | no data | no data | |
| Non-Independent Director | 0.92yr | no data | 8.95% CN¥ 602.9m | |
| Independent Director | 0.92yr | no data | no data | |
| Independent Director | 0.92yr | no data | no data | |
| Independent Director | 0.92yr | no data | no data | |
| Shareholder Supervisor | 0.92yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2303 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Nov 2009 |
| 2303 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Nov 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/30 15:44 |
| End of Day Share Price | 2020/10/30 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.