Ming Le Sports AG engages in the research, development, manufacture, marketing, and distribution of footwear, clothing, accessories, and equipment. More Details
+ 1 more risk
Flawless balance sheet and slightly 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 is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 34% a week.
Volatility Over Time: ML2's weekly volatility has increased from 21% to 34% over the past year.
7 Day Return
1 Year Return
Return vs Industry: ML2 exceeded the German Luxury industry which returned 14% over the past year.
Return vs Market: ML2 exceeded the German Market which returned 21.4% 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
10 months ago | Simply Wall StIntroducing Ming Le Sports (FRA:ML2), The Stock That Tanked 93%
1 year ago | Simply Wall StDid Changing Sentiment Drive Ming Le Sports's (FRA:ML2) Share Price Down A Disastrous 99%?
1 year ago | Simply Wall StIntroducing Ming Le Sports (FRA:ML2), The Stock That Collapsed 99%
Is Ming Le Sports undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ML2 (€3.6) is trading below our estimate of fair value (€4.42)
Significantly Below Fair Value: ML2 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ML2 is good value based on its PE Ratio (73.5x) compared to the DE Luxury industry average (131x).
PE vs Market: ML2 is poor value based on its PE Ratio (73.5x) compared to the German market (25.4x).
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 overvalued based on its PB Ratio (5.3x) compared to the DE Luxury industry average (2.9x).
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 has a large one-off gain of €387.7K impacting its June 30 2020 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 -5.7% 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 (-31%).
Return on Equity
High ROE: ML2's Return on Equity (7.2%) 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 (€74.4K).
Long Term Liabilities: ML2 has no long term liabilities.
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 ...
|Member of Management Board||2.17yrs||no data||no data|
|Chairman of the Management Board and Chief Executive Officer||no data||€14.00k||no data|
|Chief Financial Officer and Member of The Management Board||10.58yrs||€32.00k||no data|
|Chief Sales & Marketing Officer and Member of the Management Board||9.42yrs||€14.00k||no data|
Experienced Management: ML2's management team is seasoned and experienced (9.4 years average tenure).
|Chairman of Supervisory Board||2.17yrs||no data||no data|
|Member of Supervisory Board||2.17yrs||no data||no data|
|Deputy Chairman of Supervisory Board||2.17yrs||no data||no data|
Experienced Board: ML2's board of directors are not considered experienced ( 2.2 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: €11.080m
- Shares outstanding: 3.08m
- Website: https://www.minglesports.de
Number of Employees
- Ming Le Sports AG
- Ziegelhäuser Landstrasse 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ML2||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Jul 2012|
Ming Le Sports AG engages in the research, development, manufacture, marketing, and distribution of footwear, clothing, accessories, and equipment. The company was founded in 2011 and is based in Heidelber...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/03/08 18:45|
|End of Day Share Price||2021/03/05 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.