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.
Flawless balance sheet and overvalued.
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.
7 Day Return
1 Year Return
Return vs Industry: ML2 underperformed the German Luxury industry which returned 51.5% over the past year.
Return vs Market: ML2 underperformed the German Market which returned 17.1% over the past year.
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
6 months ago | Simply Wall StDid Changing Sentiment Drive Ming Le Sports's (FRA:ML2) Share Price Down A Disastrous 99%?
10 months ago | Simply Wall StIntroducing Ming Le Sports (FRA:ML2), The Stock That Collapsed 99%
1 year ago | Simply Wall StDoes Ming Le Sports AG's (FRA:ML2) -10.60% Earnings Drop Reflect A Longer Term Trend?
Is Ming Le Sports undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the Luxury industry average.
PE vs Market: ML2 is unprofitable, so we can't compare its PE Ratio to the German market.
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 (0.4x) compared to the DE Luxury industry average (1.8x).
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.
- 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.
- Explore growth companies in the Consumer Durables industry.
How has Ming Le Sports performed over the past 5 years?
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, and losses have increased over the past 5 years at a rate of -41% 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 (-0.9%).
Return on Equity
High ROE: ML2 has a negative Return on Equity (-48.62%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Ming Le Sports's financial position?
Financial Position Analysis
Short Term Liabilities: ML2's short term assets (€2.3M) exceed its short term liabilities (€94.0K).
Long Term Liabilities: ML2's short term assets (€2.3M) exceed its long term liabilities (€225.5K).
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.
Inventory Level: ML2 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if ML2's debt is covered by short term assets.
What is Ming Le Sports's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ML2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ML2's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
What is the CEO of Ming Le Sports's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Siliang Ding (52yo)
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 ...
Management Age and Tenure
Experienced Management: ML2's management team is seasoned and experienced (8.3 years average tenure).
Board Age and Tenure
Experienced Board: ML2's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Hansjörg Plaggemars (49yo)
Member of Management Board
- Tenure: 1yrs
Siliang Ding (52yo)
Chairman of the Management Board and Chief Executive Officer
- Compensation: €14.00k
Shoutan Gou (48yo)
Chief Sales & Marketing Officer and Member of the Management Board
- Tenure: 8.3yrs
- Compensation: €14.00k
Alan Chun (41yo)
Chief Financial Officer and Member of The Management Board
- Tenure: 9.4yrs
- Compensation: €32.00k
Chairman of Supervisory Board
- Tenure: 1yrs
Member of Supervisory Board
- Tenure: 1yrs
Deputy Chairman of Supervisory Board
- Tenure: 1yrs
Ming Le Sports AG's company bio, employee growth, exchange listings and data sources
- Name: Ming Le Sports AG
- Ticker: ML2
- Exchange: DB
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: €738.678k
- Shares outstanding: 615.57k
- Website: https://www.minglesports.de
Number of Employees
- Ming Le Sports AG
- Frankfurter Strasse 14b
- Bad Vilbel
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ML2K||DB (Deutsche Boerse AG)||NPV (POST SPLIT)||DE||EUR||No data|
|ML2||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Jul 2012|
|0YH8||LSE (London Stock Exchange)||Yes||Ordinary Bearer Shares||GB||EUR||Jul 2012|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/28 21:55|
|End of Day Share Price||2020/01/28 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.