19MA

MIE Holdings DB:19MA Stock Report

Last Price

€0.0025

Market Cap

€29.1m

7D

-28.6%

1Y

-50.0%

Updated

21 Sep, 2022

Data

Company Financials
19MA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health0/6
Dividends0/6

19MA Stock Overview

MIE Holdings Corporation, together with its subsidiaries, primarily explores, develops, produces, and sells crude oil and other petroleum products under production sharing contracts.

MIE Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MIE Holdings
Historical stock prices
Current Share PriceHK$0.0025
52 Week HighHK$0.018
52 Week LowHK$0.0005
Beta1.41
1 Month Change-73.68%
3 Month Change66.67%
1 Year Change-50.00%
3 Year Change-76.85%
5 Year Change-96.21%
Change since IPO-98.33%

Recent News & Updates

Shareholder Returns

19MADE Oil and GasDE Market
7D-28.6%-11.5%-4.1%
1Y-50.0%5.3%-25.2%

Return vs Industry: 19MA underperformed the German Oil and Gas industry which returned 5.3% over the past year.

Return vs Market: 19MA underperformed the German Market which returned -25.2% over the past year.

Price Volatility

Is 19MA's price volatile compared to industry and market?
19MA volatility
19MA Average Weekly Movement127.0%
Oil and Gas Industry Average Movement7.6%
Market Average Movement5.6%
10% most volatile stocks in DE Market9.9%
10% least volatile stocks in DE Market2.8%

Stable Share Price: 19MA is more volatile than 90% of German stocks over the past 3 months, typically moving +/- 57% a day.

Volatility Over Time: 19MA's weekly volatility has increased from 92% to 127% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20011,034Liming Meihttps://www.mienergy.com.cn

MIE Holdings Corporation, together with its subsidiaries, primarily explores, develops, produces, and sells crude oil and other petroleum products under production sharing contracts. It holds interest in two producing production oil sharing contracts in northeast China; and participating interests in an exploration contract and six production contracts in Kazakhstan. The company was founded in 2001 and is based in Wan Chai, Hong Kong.

MIE Holdings Fundamentals Summary

How do MIE Holdings's earnings and revenue compare to its market cap?
19MA fundamental statistics
Market Cap€29.06m
Earnings (TTM)€348.27m
Revenue (TTM)€188.40m

0.1x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
19MA income statement (TTM)
RevenueCN¥1.31b
Cost of RevenueCN¥293.28m
Gross ProfitCN¥1.02b
Other Expenses-CN¥1.41b
EarningsCN¥2.42b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin77.63%
Net Profit Margin184.85%
Debt/Equity Ratio-174.6%

How did 19MA perform over the long term?

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

Valuation

Is 19MA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 19MA?

Other financial metrics that can be useful for relative valuation.

19MA 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/Revenue2.4x
Enterprise Value/EBITDA4.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 19MA's PE Ratio compare to its peers?

19MA PE Ratio vs Peers
The above table shows the PE ratio for 19MA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average16.9x
DR0 Deutsche Rohstoff
3.1xn/a€118.2m
4DS Daldrup & Söhne
55.8x27.0%€43.7m
BRN Barnwell Industries
4.2xn/aUS$30.4m
3395 JX Energy
4.7xn/aHK$229.4m
19MA MIE Holdings
0.08xn/a€225.2m

Price-To-Earnings vs Peers: 19MA is good value based on its Price-To-Earnings Ratio (0.1x) compared to the peer average (16.9x).


Price to Earnings Ratio vs Industry

How does 19MA's PE Ratio compare vs other companies in the European Oil and Gas Industry?

Price-To-Earnings vs Industry: 19MA is good value based on its Price-To-Earnings Ratio (0.1x) compared to the European Oil and Gas industry average (6.3x)


Price to Earnings Ratio vs Fair Ratio

What is 19MA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

19MA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.08x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 19MA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 19MA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 19MA (€0) is trading below our estimate of fair value (€0.03)

Significantly Below Fair Value: 19MA is trading below fair value by more than 20%.


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 MIE Holdings 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


-11.8%

Forecasted Energy 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 MIE Holdings 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 whether MIE Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • MIE Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has MIE Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 19MA has a large one-off gain of CN¥2.6B impacting its June 30 2022 financial results.

Growing Profit Margin: 19MA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 19MA has become profitable over the past 5 years, growing earnings by 21.6% per year.

Accelerating Growth: 19MA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 19MA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (65.4%).


Return on Equity

High ROE: 19MA's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


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Financial Health

How is MIE Holdings's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 19MA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 19MA has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 19MA has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 19MA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: 19MA's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: 19MA's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


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Dividend

What is MIE Holdings'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

Notable Dividend: Unable to evaluate 19MA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 19MA'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 19MA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 19MA's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: 19MA is not paying a notable dividend for the German market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 19MA has not reported any payouts.


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Management

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

2.8yrs

Average management tenure


CEO

Liming Mei (42 yo)

2.83yrs

Tenure

CN¥5,793,000

Compensation

Mr. Liming Mei serves as Chief Executive Officer of MIE Holdings Corporation since November 11, 2019. He served as Executive Vice President of MIE Holdings Corporation until November 11, 2019. He joined MI...


CEO Compensation Analysis

Compensation vs Market: Liming's total compensation ($USD822.05K) is above average for companies of similar size in the German market ($USD418.19K).

Compensation vs Earnings: Liming's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: 19MA's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: 19MA's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Top 7 shareholders own 48.15% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
27.95%
Far East Energy Limited
939,600,000CN¥2.3m0%no data
14.13%
New Sun International Energy Limited
475,000,000CN¥1.2m0%no data
5.92%
Flying Investments Limited
199,160,000CN¥497.9k0%no data
0.092%
Jiangwei Zhao
3,100,000CN¥7.8k0%no data
0.027%
Liming Mei
909,290CN¥2.3k0%no data
0.024%
Yan Jun Guo
800,000CN¥2.0k0%no data
0.003%
Ruilin Zhang
100,000CN¥250.00%no data

Company Information

MIE Holdings Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: MIE Holdings Corporation
  • Ticker: 19MA
  • Exchange: DB
  • Founded: 2001
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: HK$225.215m
  • Listing Market Cap: HK$29.057m
  • Shares outstanding: 3.36b
  • Website: https://www.mienergy.com.cn

Number of Employees


Location

  • MIE Holdings Corporation
  • Hopewell Centre
  • Level 54
  • Wan Chai
  • Hong Kong


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1555SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2010
19MADB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2010

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/21 00:00
End of Day Share Price2022/09/21 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.