DB:ML2

Stock Analysis Report

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Market Cap

€4.9m

Last Updated

2021/06/20 20:58 UTC

Data Sources

Company Financials

Executive Summary

Ming Le Sports AG engages in the research, development, manufacture, marketing, and distribution of footwear, clothing, accessories, and equipment. More Details


Snowflake Analysis

Flawless balance sheet with poor track record.


Similar Companies

Share Price & News

How has Ming Le Sports's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ML2 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ML2's weekly volatility has decreased from 21% to 4% over the past year.


Market Performance


7 Day Return

0%

ML2

-1.8%

DE Luxury

-1.4%

DE Market


1 Year Return

60.8%

ML2

25.1%

DE Luxury

27.1%

DE Market

Return vs Industry: ML2 exceeded the German Luxury industry which returned 25.1% over the past year.

Return vs Market: ML2 exceeded the German Market which returned 27% over the past year.


Shareholder returns

ML2IndustryMarket
7 Day0%-1.8%-1.4%
30 Day-4.2%-3.3%1.8%
90 Day-38.0%5.5%4.2%
1 Year60.8%60.8%26.2%25.1%31.4%27.1%
3 Year6.7%6.7%49.5%45.8%28.0%17.5%
5 Year-34.7%-70.9%156.4%141.7%64.9%42.2%

Long-Term Price Volatility Vs. Market

How volatile is Ming Le Sports's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ming Le Sports undervalued compared to its fair value and its price relative to the market?

36.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ML2 (€1.6) is trading above our estimate of fair value (€1.02)

Significantly Below Fair Value: ML2 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ML2's PE Ratio (36.4x) is in line with the German Luxury industry average.

PE vs Market: ML2 is poor value based on its PE Ratio (36.4x) compared to the German market (27.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ML2's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ML2's PB Ratio (2.3x) is in line with the DE Luxury industry average.


Future Growth

How is Ming Le Sports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ming Le Sports has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Ming Le Sports performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ML2 has a large one-off gain of €269.8K impacting its December 31 2020 financial results.

Growing Profit Margin: Insufficient data to determine if ML2's profit margins have improved over the past year.


Past Earnings Growth Analysis

Earnings Trend: ML2 has become profitable over the past 5 years, growing earnings by 4.4% per year.

Accelerating Growth: ML2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ML2 had negative earnings growth (-14%) over the past year, making it difficult to compare to the Luxury industry average (-14%).


Return on Equity

High ROE: ML2's Return on Equity (6.4%) is considered low.


Financial Health

How is Ming Le Sports's financial position?


Financial Position Analysis

Short Term Liabilities: ML2's short term assets (€2.2M) exceed its short term liabilities (€59.0K).

Long Term Liabilities: ML2's short term assets (€2.2M) exceed its long term liabilities (€10.0).


Debt to Equity History and Analysis

Debt Level: ML2 is debt free.

Reducing Debt: ML2 had no debt 5 years ago.

Debt Coverage: ML2 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ML2 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Ming Le Sports's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ML2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ML2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ML2's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ML2's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ML2's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

9.7yrs

Average management tenure


CEO

Siliang Ding (53 yo)

no data

Tenure

€14,000

Compensation

Mr. Siliang Ding serves as the Chairman of the Management Board and Chief Executive Officer of Ming Le Sports AG and has been its Member of the Management Board since October 2011. Mr. Ding is the Founder ...


Leadership Team

Experienced Management: ML2's management team is seasoned and experienced (9.7 years average tenure).


Board Members

Experienced Board: ML2's board of directors are not considered experienced ( 2.4 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 been substantially diluted in the past year, with total shares outstanding growing by 400%.


Top Shareholders

Company Information

Ming Le Sports AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ming Le Sports AG
  • Ticker: ML2
  • Exchange: DB
  • Founded: 2011
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €4.925m
  • Shares outstanding: 3.08m
  • Website: https://www.minglesports.de

Number of Employees


Location

  • Ming Le Sports AG
  • ZiegelhAeuser Landstrasse 1
  • Heidelberg
  • Baden-Württemberg
  • 69120
  • Germany

Listings


Biography

Ming Le Sports AG engages in the research, development, manufacture, marketing, and distribution of footwear, clothing, accessories, and equipment. Ming Le Sports AG was founded in 2011 and is based in Hei...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/20 20:58
End of Day Share Price2021/06/18 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.