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Ming Le Sports

DB:ML2
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ML2
DB
€831K
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

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 last earnings update was 363 days ago. More info.


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ML2 Share Price and Events
7 Day Returns
0%
DB:ML2
1.9%
DE Luxury
1.5%
DE Market
1 Year Returns
-73%
DB:ML2
8.5%
DE Luxury
-6.2%
DE Market
ML2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ming Le Sports (ML2) 0% -3.6% 3.8% -73% -86.5% -98.7%
DE Luxury 1.9% 9.8% 11.7% 8.5% 99.4% 128%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • ML2 underperformed the Luxury industry which returned 8.5% over the past year.
  • ML2 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
ML2
Industry
5yr Volatility vs Market
Related Companies

ML2 Value

 Is Ming Le Sports undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Ming Le Sports. This is due to cash flow or dividend data being unavailable. The share price is €1.35.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ming Le Sports's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ming Le Sports's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ML2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in EUR €-0.04
DB:ML2 Share Price ** DB (2019-04-23) in EUR €1.35
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 21.97x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ming Le Sports.

DB:ML2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:ML2 Share Price ÷ EPS (both in EUR)

= 1.35 ÷ -0.04

-30.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ming Le Sports is loss making, we can't compare its value to the DE Luxury industry average.
  • Ming Le Sports is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Ming Le Sports's expected growth come at a high price?
Raw Data
DB:ML2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -30.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Luxury Industry PEG Ratio Median Figure of 40 Publicly-Listed Luxury Companies 1.7x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ming Le Sports, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ming Le Sports's assets?
Raw Data
DB:ML2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in EUR €1.04
DB:ML2 Share Price * DB (2019-04-23) in EUR €1.35
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.6x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:ML2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:ML2 Share Price ÷ Book Value per Share (both in EUR)

= 1.35 ÷ 1.04

1.3x

* Primary Listing of Ming Le Sports.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ming Le Sports is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess Ming Le Sports's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Ming Le Sports has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ML2 Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.2%
Expected Luxury industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ming Le Sports expected to grow at an attractive rate?
  • Unable to compare Ming Le Sports's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ming Le Sports's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Ming Le Sports's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:ML2 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ML2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ML2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2017-12-31 -1 0
2016-12-31 0 0
2016-09-30 0
2016-06-30 0
2016-03-31 0
2015-12-31 0 0
2015-09-30 0
2015-06-30 0
2015-03-31 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ming Le Sports is high growth as no earnings estimate data is available.
  • Unable to determine if Ming Le Sports is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ML2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Ming Le Sports Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ML2 Past Financials Data
Date (Data in EUR Millions) EPS *
2017-12-31 -0.04
2016-12-31 -0.13
2016-09-30 -0.22
2016-06-30 -0.47
2016-03-31 -0.44
2015-12-31 -0.54
2015-09-30
2015-06-30 -1.21
2015-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Ming Le Sports will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Ming Le Sports's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Ming Le Sports's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Durables companies here
  3. Ming Le Sports's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ming Le Sports's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ming Le Sports has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ML2 Past Performance

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

  • Ming Le Sports's last earnings update was 363 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ming Le Sports's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ming Le Sports does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Ming Le Sports's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ming Le Sports's 1-year growth to the DE Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Ming Le Sports's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ming Le Sports Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ML2 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 -0.03 0.02
2016-12-31 -0.08
2016-09-30 -0.13 0.17
2016-06-30 -0.15 0.14
2016-03-31 -0.14 0.11
2015-12-31 -0.17 0.09
2015-09-30 -0.35 0.20
2015-06-30 -0.37 0.20
2015-03-31 -0.41 0.20
2014-12-31 -0.41 0.20
2013-12-31 -19.81 0.35
2013-09-30 338.23 50.91 33.72
2013-06-30 318.74 59.89 27.98
2013-03-31 303.38 59.87 29.97
2012-12-31 286.13 61.14 28.47
2012-09-30 264.74 56.94 25.73
2012-06-30 238.10 53.08 21.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ming Le Sports has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ming Le Sports has efficiently used its assets last year compared to the DE Luxury industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ming Le Sports improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ming Le Sports's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ming Le Sports has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ML2 Health

 How is Ming Le Sports's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ming Le Sports's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ming Le Sports is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ming Le Sports's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ming Le Sports's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ming Le Sports has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ming Le Sports Company Filings, last reported 1 year ago.

DB:ML2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 0.64 0.00 0.61
2016-12-31 0.66 0.00 1.04
2016-09-30 0.66 0.00 1.04
2016-06-30 0.00 0.00 0.03
2016-03-31 0.00 0.00 0.03
2015-12-31 0.00 0.00 0.00
2015-09-30 0.00 0.00 0.00
2015-06-30 0.00 0.00 0.00
2015-03-31 0.00 0.00 0.00
2014-12-31 0.00 0.00 0.00
2013-12-31 0.00 0.00 0.00
2013-09-30 188.00 1.24 87.02
2013-06-30 187.95 0.00 106.48
2013-03-31 173.81 0.96 107.03
2012-12-31 155.18 0.00 89.10
2012-09-30 141.15 0.00 95.66
2012-06-30 124.38 0.00 82.45
  • Ming Le Sports has no debt.
  • Ming Le Sports had no debt 5 years ago.
  • Ming Le Sports has no debt, it does not need to be covered by operating cash flow.
  • Ming Le Sports has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ming Le Sports's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ming Le Sports has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ML2 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Ming Le Sports dividends.
If you bought €2,000 of Ming Le Sports shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Ming Le Sports's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ming Le Sports's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ML2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Ming Le Sports has not reported any payouts.
  • Unable to verify if Ming Le Sports's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ming Le Sports's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ming Le Sports has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ming Le Sports's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ming Le Sports afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ming Le Sports has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ML2 Management

 What is the CEO of Ming Le Sports's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Siliang Ding
COMPENSATION €36,000
AGE 51
CEO Bio

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 of Ming Le sports AG. He founded Jinjiang Yasi Shoes Co., Ltd. in 1995 and served as its Chief Executive Officer until 2000, when he became the legal representative and chief executive officer of Fujian Ming Le. Mr. Ding serves as a Director of China Ming Le Sportswear Holdings Limited, Cayman Islands. He served as a Director of Jinjiang Yasi Shoes Co., Ltd, Fujian, China. Mr. Ding has over 20 years of experience in China's sportswear industry. He is Deputy Vice President of the Quanzhou Footwear Association and the Jinjiang Footwear Manufacturers Association and honorary Captain of the China Administration Centre of Weightlifting, Wrestling and Judo, Fujian Gymnastics Sports Management Centre and the China Trampoline Team.

CEO Compensation
  • Insufficient data for Siliang to compare compensation growth.
  • Siliang's remuneration is lower than average for companies of similar size in Germany.
Management Team

Siliang Ding

TITLE
Chairman of the Management Board and Chief Executive Officer
COMPENSATION
€36K
AGE
51

Alan Chun

TITLE
Chief Financial Officer and Member of The Management Board
COMPENSATION
€135K
AGE
40
TENURE
8.7 yrs

Shoutan Gou

TITLE
Chief Sales & Marketing Officer and Member of the Management Board
COMPENSATION
€27K
AGE
47
TENURE
7.5 yrs

Armin Burckhardt

TITLE
Member of the Management Board
Board of Directors

Hansjörg Plaggemars

TITLE
Chairman of Supervisory Board
AGE
48

Rolf Birkert

TITLE
Deputy Chairman of Supervisory Board

Uwe Pirl

TITLE
Member of Supervisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Ming Le Sports's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ming Le Sports has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ML2 News

Simply Wall St News

Introducing Ming Le Sports (FRA:ML2), The Stock That Collapsed 99%

While not a mind-blowing move, it is good to see that the Ming Le Sports AG (FRA:ML2) share price has gained 17% in the last three months. … With zero revenue generated over twelve months, we Ming Le Sports has proved its business plan yet. … Investors will be hoping that Ming Le Sports can make progress and gain better traction for the business, before it runs low on cash.

Simply Wall St -

Does Ming Le Sports AG's (FRA:ML2) -10.60% Earnings Drop Reflect A Longer Term Trend?

Check out our latest analysis for Ming Le Sports Despite a decline, did ML2 underperform the long-term trend and the industry? … For Ming Le Sports, its most recent trailing-twelve-month earnings is €50.91M, which, relative to last year’s figure, has dropped by -10.60%. … Revenue growth in the past couple of years, has been positive, however, earnings growth has not been able to catch up, meaning Ming Le Sports has been ramping up its expenses by a lot more.

Simply Wall St -

ML2 Company Info

Description

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.

Details
Name: Ming Le Sports AG
ML2
Exchange: DB
Founded:
€831,012
615,565
Website: http://www.minglesports.de
Address: Ming Le Sports AG
Frankfurter Strasse 14b,
Bad Vilbel,
Hessen, 61118,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB ML2 Ordinary Bearer Shares Deutsche Boerse AG DE EUR 06. Jul 2012
LSE 0YH8 Ordinary Bearer Shares London Stock Exchange GB EUR 06. Jul 2012
DB ML2K NPV (POST SPLIT) Deutsche Boerse AG DE EUR 23. Apr 2019
DB ML2 SHS Deutsche Boerse AG DE EUR 23. Apr 2019
Number of employees
Current staff
Staff numbers
0
Ming Le Sports employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:43
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2018/04/25
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.