DB:MXD

Stock Analysis Report

Executive Summary

Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau.

Snowflake

Fundamentals

Excellent balance sheet average dividend payer.

Risks

  • Min Xin Holdings has significant price volatility in the past 3 months.
  • Min Xin Holdings is not covered by any analysts.

Share Price & News

How has Min Xin Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.2%

DB:MXD

4.4%

DE Trade Distributors

3.2%

DE Market


1 Year Return

-37.0%

DB:MXD

-19.9%

DE Trade Distributors

-9.7%

DE Market

MXD underperformed the Trade Distributors industry which returned -20.3% over the past year.

MXD underperformed the Market in Germany which returned -9.6% over the past year.


Share holder returns

MXDIndustryMarket
7 Day2.2%4.4%3.2%
30 Day-8.6%-6.9%-4.4%
90 Day-17.9%-3.1%-2.0%
1 Year-35.7%-37.0%-17.5%-19.9%-6.9%-9.7%
3 Year-53.9%-56.2%-8.5%-15.2%11.8%2.2%
5 Year4.2%-2.4%9.5%-2.3%26.9%9.5%

Price Volatility Vs. Market

How volatile is Min Xin Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Min Xin Holdings undervalued based on future cash flows and its price relative to the stock market?

19%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Min Xin Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Min Xin Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Min Xin Holdings is good value based on earnings compared to the DE Trade Distributors industry average.

Min Xin Holdings is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Min Xin Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Min Xin Holdings is good value based on assets compared to the DE Trade Distributors industry average.


Next Steps

Future Growth

How is Min Xin Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

13.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Min Xin Holdings is high growth as no revenue estimate data is available.

Min Xin Holdings's earnings are expected to grow by 13.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare Min Xin Holdings's revenue growth to the Germany market average as no estimate data is available.

Min Xin Holdings's earnings growth is expected to exceed the Germany market average.

Min Xin Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Min Xin Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Min Xin Holdings performed over the past 5 years?

-0.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Min Xin Holdings's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Min Xin Holdings's 1-year earnings growth exceeds its 5-year average (11.8% vs -0.3%)

Min Xin Holdings's earnings growth has not exceeded the DE Trade Distributors industry average in the past year (11.8% vs 32.1%).


Return on Equity

Min Xin Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Min Xin Holdings used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Min Xin Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Min Xin Holdings's financial position?


Financial Position Analysis

Min Xin Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Min Xin Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Min Xin Holdings's level of debt (5.9%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (5.1% vs 5.9% today).

Debt is well covered by operating cash flow (22.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 38.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

What is Min Xin Holdings's current dividend yield, its reliability and sustainability?

2.70%

Current Dividend Yield


Dividend Yield and Payments Analysis

Min Xin Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.51%).

Min Xin Holdings's dividend is below the markets top 25% of dividend payers in Germany (4.17%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (9.7x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Min Xin Holdings's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average board tenure


CEO

Yu Chen (55yo)

0.0yrs

Tenure

HK$6,344,278

Compensation

Mr. Chen Yu has been Executive Director and General Manager of Min Xin Holdings Limited since September 10, 2018. Mr. Chen was Executive Deputy General Manager of Min Xin Holdings Limited since August 2018 ...


CEO Compensation Analysis

Yu's remuneration is higher than average for companies of similar size in Germany.

Insufficient data for Yu to compare compensation growth.


Board Age and Tenure

1.8yrs

Average Tenure

53.5yo

Average Age

The average tenure for the Min Xin Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Kwong Chan (48yo)

    Deputy GM

    • Tenure: 11.6yrs
  • Fei Wang (52yo)

    Vice Chairman of the Board

    • Tenure: 5.0yrs
  • Zheng Yan (57yo)

    Executive Chairman of the Board

    • Tenure: 1.3yrs
  • Wei Weng

    Group Chief Auditor

    • Tenure: 1.6yrs
  • Yu Chen (55yo)

    GM & Executive Director

    • Tenure: 0.0yrs
    • Compensation: HK$6.34m

Board Members

  • Kai Ming Ip (68yo)

    Independent Non-Executive Director

    • Tenure: 21.1yrs
    • Compensation: HK$250.00k
  • Chong Shun Leung (54yo)

    Independent Non-executive Director

    • Tenure: 1.3yrs
    • Compensation: HK$167.00k
  • Ronny Cheung (48yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: HK$350.00k
  • Jingchao Yang (53yo)

    Non-executive Director

    • Tenure: 0.7yrs
  • Fei Wang (52yo)

    Vice Chairman of the Board

    • Tenure: 5.0yrs
  • Hau Hon (44yo)

    Non Executive Director

    • Tenure: 3.4yrs
    • Compensation: HK$60.00k
  • Zheng Yan (57yo)

    Executive Chairman of the Board

    • Tenure: 1.3yrs
  • Yu Chen (55yo)

    GM & Executive Director

    • Tenure: 0.0yrs
    • Compensation: HK$6.34m

Company Information

Min Xin Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Min Xin Holdings Limited
  • Ticker: MXD
  • Exchange: DB
  • Founded:
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: HK$2.216b
  • Listing Market Cap: HK$254.907m
  • Shares outstanding: 597.26m
  • Website: https://www.minxin.com.hk

Number of Employees


Location

  • Min Xin Holdings Limited
  • Fairmont House
  • 17th Floor
  • Central
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MXDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
222SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992

Biography

Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau. The company is also involved in the financial serv ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 20:33
End of Day Share Price2019/08/22 00:00
Earnings2018/12/31
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.