Market Cap
CN¥24.0b
Last Updated
2021/01/23 09:32 UTC
Data Sources
Company Financials +
Executive Summary
MLS Co., Ltd, a photoelectric company, engages in the research and development, production, and sale of LED package and application products. More Details
Snowflake Analysis
Fair value with moderate growth potential.
Similar Companies
Share Price & News
How has MLS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002745 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 002745's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
7.5%
2745
4.8%
CN Semiconductor
2.9%
CN Market
1 Year Return
16.0%
2745
47.0%
CN Semiconductor
31.8%
CN Market
Return vs Industry: 002745 underperformed the CN Semiconductor industry which returned 47% over the past year.
Return vs Market: 002745 underperformed the CN Market which returned 31.8% over the past year.
Shareholder returns
| 2745 | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.5% | 4.8% | 2.9% |
| 30 Day | 16.9% | 10.6% | 7.2% |
| 90 Day | 26.3% | 29.2% | 11.5% |
| 1 Year | 17.4%16.0% | 47.4%47.0% | 34.0%31.8% |
| 3 Year | -34.7%-36.9% | 145.7%135.6% | 23.1%17.0% |
| 5 Year | 23.4%18.3% | 201.7%191.0% | 51.6%41.1% |
Long-Term Price Volatility Vs. Market
How volatile is MLS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is MLS undervalued compared to its fair value and its price relative to the market?
43.09x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 002745 (CN¥16.15) is trading above our estimate of fair value (CN¥4.39)
Significantly Below Fair Value: 002745 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 002745 is good value based on its PE Ratio (43.1x) compared to the CN Semiconductor industry average (78.6x).
PE vs Market: 002745 is poor value based on its PE Ratio (43.1x) compared to the CN market (35.1x).
Price to Earnings Growth Ratio
PEG Ratio: 002745 is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: 002745 is good value based on its PB Ratio (1.9x) compared to the CN Semiconductor industry average (6.8x).
Next Steps
Future Growth
How is MLS forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
43.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 002745's forecast earnings growth (43.8% per year) is above the savings rate (3.3%).
Earnings vs Market: 002745's earnings (43.8% per year) are forecast to grow faster than the CN market (24.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 002745's revenue (15.8% per year) is forecast to grow slower than the CN market (18.3% per year).
High Growth Revenue: 002745's revenue (15.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 002745's Return on Equity is forecast to be low in 3 years time (14.1%).
Next Steps
Past Performance
How has MLS performed over the past 5 years?
11.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002745 has a large one-off gain of CN¥1.3B impacting its September 30 2020 financial results.
Growing Profit Margin: 002745's current net profit margins (3%) are lower than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: 002745's earnings have grown by 11% per year over the past 5 years.
Accelerating Growth: 002745's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 002745 had negative earnings growth (-38.9%) over the past year, making it difficult to compare to the Semiconductor industry average (27.4%).
Return on Equity
High ROE: 002745's Return on Equity (3.8%) is considered low.
Next Steps
Financial Health
How is MLS's financial position?
Financial Position Analysis
Short Term Liabilities: 002745's short term assets (CN¥18.0B) exceed its short term liabilities (CN¥16.0B).
Long Term Liabilities: 002745's short term assets (CN¥18.0B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 002745's debt to equity ratio (70.9%) is considered high.
Reducing Debt: 002745's debt to equity ratio has increased from 33.1% to 70.9% over the past 5 years.
Debt Coverage: 002745's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 002745's interest payments on its debt are not well covered by EBIT (0.3x coverage).
Balance Sheet
Next Steps
Dividend
What is MLS current dividend yield, its reliability and sustainability?
0.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 002745's dividend (0.93%) is higher than the bottom 25% of dividend payers in the CN market (0.39%).
High Dividend: 002745's dividend (0.93%) is low compared to the top 25% of dividend payers in the CN market (1.81%).
Stability and Growth of Payments
Stable Dividend: 002745 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002745's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (40%), 002745's dividend payments are 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?
7.5yrs
Average management tenure
CEO
Qing Huan Sun (47 yo)
7.5yrs
Tenure
Mr. Qing Huan Sun has been Chairman of the Board & General Manager at MLS CO.,LTD. since July 2010. Mr. Sun has been an Executive Director of Zhongshan Gelinman Optoelectronics Technology Co., Ltd. since M...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & GM | 7.5yrs | no data | 45.99% CN¥ 11.0b | |
| CFO, Deputy GM & Director | 7.5yrs | no data | 0.11% CN¥ 26.6m | |
| Deputy GM & Director | 7.5yrs | no data | 0.15% CN¥ 35.5m | |
| Deputy General Manager and Secretary to the Board of Directors | 7.5yrs | no data | 0.15% CN¥ 35.5m |
7.5yrs
Average Tenure
47yo
Average Age
Experienced Management: 002745's management team is seasoned and experienced (7.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & GM | 7.5yrs | no data | 45.99% CN¥ 11.0b | |
| CFO, Deputy GM & Director | 7.5yrs | no data | 0.11% CN¥ 26.6m | |
| Deputy GM & Director | 7.5yrs | no data | 0.15% CN¥ 35.5m | |
| Non-Independent Director | 1.33yrs | no data | 0.15% CN¥ 35.5m | |
| Chairman of the Supervisory Board | 7.5yrs | no data | 0.089% CN¥ 21.3m | |
| Member of the Supervisory Board | 7.5yrs | no data | 0.089% CN¥ 21.3m | |
| Member of the Supervisory Board | 7.5yrs | no data | no data | |
| Non-Independent Director | 1.33yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Director | no data | no data | no data | |
| Non-Independent Director | 1.33yrs | no data | no data | |
| Independent Director | 1.33yrs | no data | no data |
7.5yrs
Average Tenure
48yo
Average Age
Experienced Board: 002745's board of directors are considered experienced (7.5 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 been diluted in the past year, with total shares outstanding growing by 16.2%.
Top Shareholders
Company Information
MLS Co., Ltd's company bio, employee growth, exchange listings and data sources
Key Information
- Name: MLS Co., Ltd
- Ticker: 2745
- Exchange: SZSE
- Founded: 1997
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: CN¥23.969b
- Shares outstanding: 1.48b
- Website: https://www.zsmls.com
Number of Employees
Location
- MLS Co., Ltd
- No.1 Mu Lin Sen Avenue
- Xiaolan Town
- Zhongshan
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2745 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Feb 2015 |
| 2745 | XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect) | Yes | Domestic Shares | CN | CNY | Feb 2015 |
Biography
MLS Co., Ltd, a photoelectric company, engages in the research and development, production, and sale of LED package and application products. The company’s principal products include SMD LED, lamp LED, and...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/23 09:32 |
| End of Day Share Price | 2021/01/22 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.