DB:36Y

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Ming Fai International Holdings

Executive Summary

Ming Fai International Holdings Limited, an investment holding company, manufactures and trades in hospitality supplies and trades in operating supplies and equipment. More Details


Snowflake Analysis

Undervalued with excellent balance sheet.

Share Price & News

How has Ming Fai International Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 36Y is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 36Y's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of German stocks.


Market Performance


7 Day Return

-1.6%

36Y

0.1%

DE Personal Products

1.4%

DE Market


1 Year Return

-18.8%

36Y

5.9%

DE Personal Products

0.9%

DE Market

Return vs Industry: 36Y underperformed the German Personal Products industry which returned 1.8% over the past year.

Return vs Market: 36Y underperformed the German Market which returned 0.6% over the past year.


Shareholder returns

36YIndustryMarket
7 Day-1.6%0.1%1.4%
30 Day1.7%2.7%8.7%
90 Day12.0%6.8%2.3%
1 Year-12.8%-18.8%8.1%5.9%4.1%0.9%
3 Year-31.9%-45.5%36.9%27.7%3.9%-5.1%
5 Year26.9%-26.2%69.8%51.4%24.8%7.1%

Long-Term Price Volatility Vs. Market

How volatile is Ming Fai International Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ming Fai International Holdings undervalued compared to its fair value and its price relative to the market?

32.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 36Y (€0.06) is trading below our estimate of fair value (€0.09)

Significantly Below Fair Value: 36Y is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 36Y is good value based on its PE Ratio (4.9x) compared to the XE Personal Products industry average (20.8x).

PE vs Market: 36Y is good value based on its PE Ratio (4.9x) compared to the German market (23.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 36Y's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 36Y is good value based on its PB Ratio (0.4x) compared to the XE Personal Products industry average (2.4x).


Next Steps

Future Growth

How is Ming Fai International Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.6%

Forecasted Household 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 Fai International 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.


Next Steps

Past Performance

How has Ming Fai International Holdings performed over the past 5 years?

38.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 36Y has high quality earnings.

Growing Profit Margin: 36Y's current net profit margins (6%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: 36Y's earnings have grown significantly by 38.5% per year over the past 5 years.

Accelerating Growth: 36Y's earnings growth over the past year (18.2%) is below its 5-year average (38.5% per year).

Earnings vs Industry: 36Y earnings growth over the past year (18.2%) exceeded the Personal Products industry 16.3%.


Return on Equity

High ROE: 36Y's Return on Equity (9%) is considered low.


Next Steps

Financial Health

How is Ming Fai International Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 36Y's short term assets (HK$1.1B) exceed its short term liabilities (HK$575.2M).

Long Term Liabilities: 36Y's short term assets (HK$1.1B) exceed its long term liabilities (HK$16.8M).


Debt to Equity History and Analysis

Debt Level: 36Y's debt to equity ratio (13.2%) is considered satisfactory.

Reducing Debt: 36Y's debt to equity ratio has increased from 3.2% to 13.2% over the past 5 years.

Debt Coverage: 36Y's debt is well covered by operating cash flow (101.6%).

Interest Coverage: 36Y's interest payments on its debt are well covered by EBIT (139.4x coverage).


Balance Sheet


Next Steps

Dividend

What is Ming Fai International Holdings's current dividend yield, its reliability and sustainability?

6.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 36Y's dividend (6.25%) is higher than the bottom 25% of dividend payers in the German market (1.13%).

High Dividend: 36Y's dividend (6.25%) is in the top 25% of dividend payers in the German market (3.64%)


Stability and Growth of Payments

Stable Dividend: 36Y's dividend payments have been volatile in the past 10 years.

Growing Dividend: 36Y's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.1%), 36Y's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

13.3yrs

Average board tenure


CEO

Ming Fai International Holdings has no CEO, or we have no data on them.


Board Members

NamePositionTenureCompensationOwnership
Chi Fai Ching
Executive Chairmanno dataHK$2.59m24.87%
HK$ 14.2m
Kwok Hung Keung
CFO, Company Secretary & Executive Directorno dataHK$2.61mno data
Zigang Liu
Executive Director13.33yrsHK$2.08m3.28%
HK$ 1.9m
Chi Keung Ching
Executive Director13.33yrsHK$1.64m0.54%
HK$ 312.1k
Tsun Wah Ching
Business Development Director & Executive Director6.17yrsHK$1.65m0.61%
HK$ 351.8k
Bo Kwong Ng
Independent Non-Executive Director7.42yrsHK$150.00kno data
Kam Hung Hung
Independent Non Executive Director13.33yrsHK$150.00kno data
Chun Fung Ma
Independent Non Executive Director13.33yrsHK$150.00kno data
Yim Ching Chan
Non Executive Director13.33yrsHK$150.00kno data
Yung Sun
Independent Non-Executive Director4.67yrsHK$150.00kno data

13.3yrs

Average Tenure

54yo

Average Age

Experienced Board: 36Y's board of directors are seasoned and experienced ( 13.3 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ming Fai International Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ming Fai International Holdings Limited
  • Ticker: 36Y
  • Exchange: DB
  • Founded: 2007
  • Industry: Personal Products
  • Sector: Household
  • Market Cap: HK$528.669m
  • Listing Market Cap: HK$57.288m
  • Shares outstanding: 734.26m
  • Website: https://www.mingfaigroup.com/index.html

Number of Employees


Location

  • Ming Fai International Holdings Limited
  • TML Tower
  • Unit D3
  • Tsuen Wan
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3828SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDNov 2007
36YDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 2007
MFAI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 2007

Biography

Ming Fai International Holdings Limited, an investment holding company, manufactures and trades in hospitality supplies and trades in operating supplies and equipment. The company operates through Hospital...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 18:36
End of Day Share Price2020/11/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.