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Minsheng Education Group

BST:MEG
Snowflake Description

Very undervalued with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MEG
BST
HK$6B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Minsheng Education Group Company Limited provides education services in the People’s Republic of China. The last earnings update was 63 days ago. More info.


Add to Portfolio Compare Print
  • Minsheng Education Group has significant price volatility in the past 3 months.
MEG Share Price and Events
7 Day Returns
-4.4%
BST:MEG
1%
Europe Consumer Services
0.2%
DE Market
1 Year Returns
-35.2%
BST:MEG
-20.1%
Europe Consumer Services
-10.9%
DE Market
MEG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minsheng Education Group (MEG) -4.4% -26.1% -22.3% -35.2% - -
Europe Consumer Services 1% 1.3% 1.4% -20.1% -46.6% -50.4%
DE Market 0.2% -2.5% -2% -10.9% 8.9% 6.3%
1 Year Return vs Industry and Market
  • MEG underperformed the Consumer Services industry which returned -20.1% over the past year.
  • MEG underperformed the Market in Germany which returned -10.9% over the past year.
Price Volatility
MEG
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Minsheng Education Group's competitors could be found in our database.

Value

 Is Minsheng Education Group 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
Here we compare the current share price of Minsheng Education Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Minsheng Education Group.

BST:MEG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:MEG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.761 (1 + (1- 25%) (9.32%))
0.875
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.875 * 5.96%)
5.44%

Discounted Cash Flow Calculation for BST:MEG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minsheng Education Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:MEG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 5.44%)
2019 216.00 Analyst x1 204.85
2020 398.00 Analyst x3 357.96
2021 527.33 Analyst x3 449.79
2022 591.00 Analyst x1 478.07
2023 863.00 Analyst x1 662.05
2024 1,011.83 Est @ 17.25% 736.14
2025 1,134.67 Est @ 12.14% 782.89
2026 1,231.87 Est @ 8.57% 806.07
2027 1,306.58 Est @ 6.06% 810.81
2028 1,362.94 Est @ 4.31% 802.12
Present value of next 10 years cash flows CN¥6,090.76
BST:MEG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,362.94 × (1 + 0.23%) ÷ (5.44% – 0.23%)
CN¥26,187.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥26,187.17 ÷ (1 + 5.44%)10
CN¥15,411.67
BST:MEG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,090.76 + CN¥15,411.67
CN¥21,502.43
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥21,502.43 / 4,017.72
CN¥50.37
BST:MEG Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1569)
1.135
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥5.35 x 1.135
HK$6.07
Non-primary Listing Adjustment Factor 1 share in BST:MEG represents 0.10626x of SEHK:1569
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10626x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 6.07 x 0.10626
€0.65
Value per share (EUR) From above. €0.65
Current discount Discount to share price of €0.15
= -1 x (€0.15 - €0.65) / €0.65
77.1%

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

Current Discount
Amount off the current price Minsheng Education Group is available for.
Intrinsic value
>50%
Share price is €0.1477 vs Future cash flow value of €0.64529
Current Discount Checks
For Minsheng Education Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Minsheng Education Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Minsheng Education Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Minsheng Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minsheng Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:MEG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.08
SEHK:1569 Share Price ** SEHK (2019-06-18) in HKD HK$1.39
SEHK:1569 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.22
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.33x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.63x

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

** Primary Listing of Minsheng Education Group.

BST:MEG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1569 Share Price ÷ EPS (both in CNY)

= 1.22 ÷ 0.08

14.79x

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

  • Minsheng Education Group is good value based on earnings compared to the Europe Consumer Services industry average.
  • Minsheng Education Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Minsheng Education Group's expected growth come at a high price?
Raw Data
BST:MEG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
18.8%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.25x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

BST:MEG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.79x ÷ 18.8%

0.79x

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

  • Minsheng Education Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Minsheng Education Group's assets?
Raw Data
BST:MEG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥0.85
SEHK:1569 Share Price * SEHK (2019-06-18) in HKD HK$1.39
SEHK:1569 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.881 CN¥1.22
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.96x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.77x
BST:MEG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1569 Share Price ÷ Book Value per Share (both in CNY)

= 1.22 ÷ 0.85

1.44x

* Primary Listing of Minsheng Education Group.

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

  • Minsheng Education Group is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Minsheng Education Group'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 Consumer Services 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. Minsheng Education Group has a total score of 6/6, 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.

Future Performance

 How is Minsheng Education Group expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

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
18.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minsheng Education Group expected to grow at an attractive rate?
  • Minsheng Education Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Minsheng Education Group's earnings growth is expected to exceed the Germany market average.
  • Minsheng Education Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:MEG Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:MEG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 18.8%
BST:MEG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 25.4%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
BST:MEG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:MEG Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1,445 865 602 6
2020-12-31 1,270 831 521 10
2019-12-31 1,015 595 439 10
BST:MEG Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 623 161 333
2018-09-30 581 180 325
2018-06-30 539 198 317
2018-03-31 509 230 288
2017-12-31 478 261 260
2017-09-30 467 268 261
2017-06-30 457 275 262
2017-03-31 451 286 253
2016-12-31 445 296 243
2016-09-30 442 262 235
2016-06-30 440 229 226
2016-03-31 433 271 215

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Minsheng Education Group's earnings are expected to grow by 18.8% yearly, however this is not considered high growth (20% yearly).
  • Minsheng Education Group's revenue is expected to grow significantly at over 20% yearly.
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
BST:MEG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Minsheng Education Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MEG Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.15 0.16 0.13 5.00
2020-12-31 0.13 0.14 0.12 9.00
2019-12-31 0.11 0.12 0.10 9.00
BST:MEG Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.08
2018-09-30 0.08
2018-06-30 0.08
2018-03-31 0.07
2017-12-31 0.07
2017-09-30 0.07
2017-06-30 0.08
2017-03-31 0.08
2016-12-31 0.08
2016-09-30 0.07
2016-06-30 0.06
2016-03-31 0.05

*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.
  • Minsheng Education Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Minsheng Education Group'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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Minsheng Education Group has a total score of 4/6, 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.

Past Performance

  How has Minsheng Education Group performed over the past 5 years?

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 Minsheng Education Group's growth in the last year to its industry (Consumer Services).
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.
  • Minsheng Education Group's year on year earnings growth rate has been positive over the past 5 years.
  • Minsheng Education Group's 1-year earnings growth exceeds its 5-year average (28% vs 13%)
  • Minsheng Education Group's earnings growth has exceeded the Europe Consumer Services industry average in the past year (28% vs -1.3%).
Earnings and Revenue History
Minsheng Education Group'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 Minsheng Education Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:MEG Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 623.14 332.84 158.72
2018-09-30 581.27 324.82 146.39
2018-06-30 539.41 316.80 134.07
2018-03-31 508.59 288.37 133.65
2017-12-31 477.78 259.95 133.23
2017-09-30 467.31 261.00 128.96
2017-06-30 456.85 262.05 124.68
2017-03-31 450.92 252.74 111.34
2016-12-31 445.00 243.43 97.99
2016-09-30 442.44 234.89 84.96
2016-06-30 439.89 226.35 71.93
2016-03-31 433.10 214.78 70.95
2015-12-31 426.32 203.21 69.98
2014-12-31 402.52 186.79 69.07
2013-12-31 384.09 176.72 66.44

*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.
  • Minsheng Education Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Minsheng Education Group used its assets less efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Minsheng Education Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Minsheng Education Group'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 Consumer Services 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.
Minsheng Education Group has a total score of 3/6, 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.

Health

 How is Minsheng Education Group'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 Minsheng Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minsheng Education Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Minsheng Education Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Minsheng Education Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
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 Minsheng Education Group Company Filings, last reported 5 months ago.

BST:MEG Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,529.40 458.73 1,516.04
2018-09-30 3,529.40 458.73 1,516.04
2018-06-30 3,387.98 58.76 1,947.25
2018-03-31 3,387.98 58.76 1,947.25
2017-12-31 3,146.68 174.12 2,408.47
2017-09-30 3,146.68 174.12 2,408.47
2017-06-30 2,949.80 0.00 2,020.61
2017-03-31 2,949.80 0.00 2,020.61
2016-12-31 1,570.91 139.49 1,108.10
2016-09-30 1,570.91 139.49 1,108.10
2016-06-30 1,495.48 132.02 726.34
2016-03-31 1,495.48 132.02 726.34
2015-12-31 1,418.94 119.65 995.54
2014-12-31 1,917.71 0.00 1,342.65
2013-12-31 1,718.98 0.00 1,114.65
  • Minsheng Education Group's level of debt (13%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 13% today).
  • Debt is well covered by operating cash flow (35.2%, greater than 20% of total debt).
  • Minsheng Education Group earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Minsheng Education Group'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. Minsheng Education Group has a total score of 4/6, 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.

Dividends

 What is Minsheng Education Group'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 Minsheng Education Group dividends. Estimated to be 0.87% next year.
If you bought €2,000 of Minsheng Education Group 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 Minsheng Education Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Minsheng Education Group'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
BST:MEG 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 10 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

BST:MEG Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.01 4.00
2020-12-31 0.01 5.00
2019-12-31 0.01 5.00

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

  • Unable to perform a dividend volatility check as Minsheng Education Group has not reported any payouts.
  • Unable to verify if Minsheng Education Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Minsheng Education Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Minsheng Education Group has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (10.7x coverage).
X
Income/ dividend checks
We assess Minsheng Education Group'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 Minsheng Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minsheng Education Group has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Minsheng Education Group'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
Weiping Zhang
COMPENSATION CN¥12,447,000
AGE 53
TENURE AS CEO 2.8 years
CEO Bio

Ms. Zhang Weiping has been Chief Executive Officer and Executive Director at Minsheng Education Group Company Limited since August 2016 and July 2008 respectively. Ms. Zhang joined Minsheng Education Group in April 2007. She served as the Chief Operational Officer of Minsheng Education Group from April, 2007 to August 2016. Since September 2000, Ms. Zhang has held various positions with Chongqing College of Humanities, Science and Technology, including being appointed as professor by Southwestern Normal University Yucai College (a predecessor of Chongqing College of Humanities, Science and Technology) in 2004. She serves as the executive principal and party secretary of the school. Ms. Zhang has more than 15 years of experience in the education industry and is responsible for the overall management and operation. Ms. Zhang held various positions with Southwestern University during the period from 1988 to 2007, where she was appointed an associate professor in 2001 before receiving a further promotion to the position of researcher in 2007. From December 2007 to December 2012, Ms. Zhang was a representative member of Chongqing Municipal People's Congress. She has served as a vice president of the Higher Education Commission of the China Non-Governmental Education Association since 2011. Ms. Zhang was awarded the Advance Education Workers in Chongqing award by Chongqing Municipal Education Commission in September 2007. She was also named as an Outstanding Party Affairs Worker by Southwestern University in June 2006. Ms. Zhang graduated from Southwestern University (formerly known as Southwestern Normal College) with a bachelor's degree in law in 1988 and a master's degree in law in 1998.

CEO Compensation
  • Weiping's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Weiping's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Minsheng Education Group management team in years:

2.8
Average Tenure
46
Average Age
  • The tenure for the Minsheng Education Group management team is about average.
Management Team

Xuechun Li

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
63

Weiping Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥12M
AGE
53
TENURE
2.8 yrs

Yichen Zuo

TITLE
President
COMPENSATION
CN¥4M
AGE
37

Ngai Lung Lam

TITLE
CFO & Executive Director
COMPENSATION
CN¥3M
AGE
40
TENURE
3.1 yrs

Wing Shan Ng

TITLE
Company Secretary
AGE
41
TENURE
2.8 yrs

Wei Wang

TITLE
Financial Director and Head of Finance Dept - Chongqing College of Humanities
AGE
51
Board of Directors Tenure

Average tenure and age of the Minsheng Education Group board of directors in years:

2.3
Average Tenure
53
Average Age
  • The average tenure for the Minsheng Education Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Xuechun Li

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
63
TENURE
13.4 yrs

Weiping Zhang

TITLE
CEO & Executive Director
COMPENSATION
CN¥12M
AGE
53
TENURE
10.9 yrs

Yichen Zuo

TITLE
President
COMPENSATION
CN¥4M
AGE
37
TENURE
2.8 yrs

Ngai Lung Lam

TITLE
CFO & Executive Director
COMPENSATION
CN¥3M
AGE
40
TENURE
2.8 yrs

Kenny Chan

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥201K
AGE
54
TENURE
2.3 yrs

Andrew Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥201K
AGE
63
TENURE
2.3 yrs

Huangcheng Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥201K
AGE
42
TENURE
2.3 yrs

Kaihua Lin

TITLE
Non-Executive Director
AGE
51
TENURE
2 yrs

Yanping Li

TITLE
Non-Executive Director
COMPENSATION
CN¥418K
AGE
58
TENURE
2 yrs
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 Minsheng Education Group'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. Minsheng Education Group 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.

News

Simply Wall St News

Company Info

Description

Minsheng Education Group Company Limited provides education services in the People’s Republic of China. It offers formal undergraduate and junior college education services; education counselling services; secondary vocational education and technical training services; disease diagnosis and treatment services; university logistics management services; education and health care programs; and education management and services. The company also engages in the scientific and technological project development; real estate development; and provision of investment in education projects. Minsheng Education Group Company Limited was incorporated in 2005 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: Minsheng Education Group Company Limited
MEG
Exchange: BST
Founded: 2005
HK$636,500,119
4,017,720,000
Website: http://www.minshengedu.com
Address: Minsheng Education Group Company Limited
Full Tower,
Room 301,
Beijing,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1569 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 22. Mar 2017
BST MEG Ordinary Shares Boerse-Stuttgart DE EUR 22. Mar 2017
SHSC 1569 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 22. Mar 2017
SZSC 1569 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 22. Mar 2017
Number of employees
Current staff
Staff numbers
4,353
Minsheng Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:24
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/04/16
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.