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ML2

Ming Le Sports DB:ML2 Stock Report

Last Price

€1.45

Market Cap

€4.5m

7D

0%

1Y

5.1%

Updated

04 Oct, 2022

Data

Company Financials
ML2 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

ML2 Stock Overview

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

Ming Le Sports Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ming Le Sports
Historical stock prices
Current Share Price€1.45
52 Week High€3.20
52 Week Low€1.18
Beta0.54
1 Month Change0%
3 Month Change1.40%
1 Year Change5.07%
3 Year Change22.88%
5 Year Change-85.78%
Change since IPO-99.70%

Recent News & Updates

Shareholder Returns

ML2DE LuxuryDE Market
7D0%-8.6%0.2%
1Y5.1%-51.2%-26.6%

Return vs Industry: ML2 exceeded the German Luxury industry which returned -51.2% over the past year.

Return vs Market: ML2 exceeded the German Market which returned -26.6% over the past year.

Price Volatility

Is ML2's price volatile compared to industry and market?
ML2 volatility
ML2 Average Weekly Movement4.8%
Luxury Industry Average Movement5.8%
Market Average Movement5.7%
10% most volatile stocks in DE Market9.8%
10% least volatile stocks in DE Market2.9%

Stable Share Price: ML2 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ML2's weekly volatility has decreased from 11% to 5% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20111n/ahttps://www.minglesports.de

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 Heidelberg, Germany.

Ming Le Sports Fundamentals Summary

How do Ming Le Sports's earnings and revenue compare to its market cap?
ML2 fundamental statistics
Market Cap€4.46m
Earnings (TTM)-€65.33k
Revenue (TTM)n/a

0.0x

P/S Ratio

-68.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ML2 income statement (TTM)
Revenue€0
Cost of Revenue€0
Gross Profit€0
Other Expenses€65.33k
Earnings-€65.33k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.021
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did ML2 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ML2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ML2?

Other financial metrics that can be useful for relative valuation.

ML2 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does ML2's PB Ratio compare to its peers?

ML2 PB Ratio vs Peers
The above table shows the PB ratio for ML2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.6x
GWI2 GERRY WEBER International
0.2x-27.2%€11.0m
AAH Ahlers
0.2xn/a€9.4m
ELB elumeo
1x-3.7%€13.0m
BIJ Bijou Brigitte modische Accessoires
1.1xn/a€246.4m
ML2 Ming Le Sports
2.3xn/a€4.5m

Price-To-Book vs Peers: ML2 is expensive based on its Price-To-Book Ratio (2.3x) compared to the peer average (0.6x).


Price to Earnings Ratio vs Industry

How does ML2's PE Ratio compare vs other companies in the European Luxury Industry?

Price-To-Book vs Industry: ML2 is expensive based on its Price-To-Book Ratio (2.3x) compared to the European Luxury industry average (1.4x)


Price to Book Ratio vs Fair Ratio

What is ML2's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ML2 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ML2's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of ML2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate ML2's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ML2's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.2%

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.


Discover growth companies

  • 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.
  • Ming Le Sports competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

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

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


49.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ML2 is currently unprofitable.

Growing Profit Margin: ML2 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ML2 is unprofitable, but has reduced losses over the past 5 years at a rate of 49.8% per year.

Accelerating Growth: Unable to compare ML2's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ML2 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (3.7%).


Return on Equity

High ROE: ML2 has a negative Return on Equity (-3.34%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Ming Le Sports's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ML2's short term assets (€2.0M) exceed its short term liabilities (€25.6K).

Long Term Liabilities: ML2 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ML2 is debt free.

Reducing Debt: ML2 has no debt compared to 5 years ago when its debt to equity ratio was 0%.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ML2 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: ML2 has sufficient cash runway for 2.3 years if free cash flow continues to grow at historical rates of 40.3% each year.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Ming Le Sports Dividend Yield vs Market
How does Ming Le Sports dividend yield compare to the market?
SegmentDividend Yield
Company (Ming Le Sports)n/a
Market Bottom 25% (DE)1.7%
Market Top 25% (DE)5.7%
Industry Average (Luxury)2.4%
Analyst forecast in 3 Years (Ming Le Sports)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ML2 has not reported any payouts.


Discover strong dividend paying companies

Management

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

4.1yrs

Average board tenure


CEO

Ming Le Sports has no CEO, or we have no data on them.


Board Members

Experienced Board: ML2's board of directors are considered experienced (4.1 years average tenure).


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

What is the ownership structure of ML2?
Owner TypeNumber of SharesOwnership Percentage
Institutions25,6380.8%
General Public3,052,98399.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 2 shareholders own 0.83% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
0.73%
FPS Vermögensverwaltung
22,338€32.4k0%0.08%
0.11%
MAV Vermögensverwaltung GmbH
3,300€4.8k0%0.03%

Company Information

Ming Le Sports AG's 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
  • Implied Market Cap: €4.464m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ML2DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJul 2012

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.