Ming Le Sports AG engages in the research, development, manufacture, marketing, and distribution of footwear, clothing, accessories, and equipment. More Details
Flawless balance sheet with poor track record.
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.
7 Day Return
1 Year Return
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.
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
Is Ming Le Sports undervalued compared to its fair value and its price relative to the market?
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.
How is Ming Le Sports forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Ming Le Sports performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Siliang Ding (53 yo)
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 ...
Experienced Management: ML2's management team is seasoned and experienced (9.7 years average tenure).
Experienced Board: ML2's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 400%.
Ming Le Sports AG's company bio, employee growth, exchange listings and data sources
- 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
- Ming Le Sports AG
- ZiegelhAeuser Landstrasse 1
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/20 20:58|
|End of Day Share Price||2021/06/18 00:00|
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.