DB:ML2

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Executive Summary

Ming Le Sports AG, a sportswear company, designs, develops, manufactures, and sells footwear, apparel, accessories, and equipment for men and women in the People’s Republic of China.


Snowflake Analysis

Flawless balance sheet and fair value.


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

30.7%

ML2

-2.6%

DE Luxury

0.7%

DE Market


1 Year Return

-30.0%

ML2

-13.6%

DE Luxury

3.9%

DE Market

Return vs Industry: ML2 underperformed the German Luxury industry which returned -13.6% over the past year.

Return vs Market: ML2 underperformed the German Market which returned 3.9% over the past year.


Shareholder returns

ML2IndustryMarket
7 Day30.7%-2.6%0.7%
30 Day7.7%0.8%5.3%
90 Day-2.0%6.7%17.3%
1 Year-30.0%-30.0%-13.6%-13.6%6.2%3.9%
3 Year-72.9%-87.4%32.7%28.2%1.8%-6.2%
5 Year-96.3%-98.4%163.6%139.4%9.3%-5.4%

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?

3.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate ML2's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate ML2's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: ML2 is good value based on its PE Ratio (3.8x) compared to the DE Luxury industry average (28.5x).

PE vs Market: ML2 is good value based on its PE Ratio (3.8x) compared to the German market (21x).


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 is good value based on its PB Ratio (0.3x) compared to the DE Luxury industry average (1.6x).


Next Steps

Future Growth

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

39.8%

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.


Next Steps

Past Performance

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

-19.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ML2 has a large one-off gain of €253.6K impacting its December 31 2019 financial results.

Growing Profit Margin: ML2 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ML2 has become profitable over the past 5 years, growing earnings by -19% per year.

Accelerating Growth: ML2 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ML2 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (-27%).


Return on Equity

High ROE: ML2's Return on Equity (8%) is considered low.


Next Steps

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 (€170.9K).

Long Term Liabilities: ML2's short term assets (€2.2M) exceed its long term liabilities (€91.2K).


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


Next Steps

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?

8.8yrs

Average management tenure


CEO

Siliang Ding (53yo)

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

NamePositionTenureCompensationOwnership
Hansjörg Plaggemars
Member of Management Board1.5yrsno datano data
Siliang Ding
Chairman of the Management Board and Chief Executive Officerno data€14.00kno data
Kiat Tan Chun
Chief Financial Officer and Member of The Management Board9.92yrs€32.00kno data
Shoutan Gou
Chief Sales & Marketing Officer and Member of the Management Board8.75yrs€14.00kno data

8.8yrs

Average Tenure

49.5yo

Average Age

Experienced Management: ML2's management team is seasoned and experienced (8.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rolf Birkert
Chairman of Supervisory Board1.5yrsno datano data
Rainer Herschlein
Member of Supervisory Board1.5yrsno datano data
Uwe Pirl
Deputy Chairman of Supervisory Board1.5yrsno datano data

1.5yrs

Average Tenure

Experienced Board: ML2's board of directors are not considered experienced ( 1.5 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

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:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: €603.253k
  • Shares outstanding: 615.57k
  • Website: https://www.minglesports.de

Number of Employees


Location

  • Ming Le Sports AG
  • Frankfurter Strasse 14b
  • Bad Vilbel
  • Hessen
  • 61118
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ML2KDB (Deutsche Boerse AG)NPV (POST SPLIT)DEEURNo data
ML2DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJul 2012
0YH8LSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJul 2012

Biography

Ming Le Sports AG, a sportswear company, designs, develops, manufactures, and sells footwear, apparel, accessories, and equipment for men and women in the People’s Republic of China. The company’s footwear products include running, basketball, tennis, skateboard, canvas, casual, and outdoor shoes; and apparel products comprise basketball, tennis, and other leisure sportswear apparel. It also offers sports accessories and equipment. The company sells its products under the Ming Le brand through a network of distributors to retail outlets. Ming Le Sports AG is based in Bad Vilbel, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/12 21:01
End of Day Share Price2020/07/10 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.