DB:M7B

Stock Analysis Report

MOBI Development

Executive Summary

MOBI Development Co., Ltd., an investment holding company, engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency subsystems and solutions, and products of coverage extension solutions worldwide.


Snowflake Analysis

Adequate balance sheet unattractive dividend payer.

Share Price & News

How has MOBI Development's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: M7B has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.5%

M7B

2.6%

DE Communications

2.0%

DE Market


1 Year Return

-7.6%

M7B

11.2%

DE Communications

15.1%

DE Market

Return vs Industry: M7B underperformed the German Communications industry which returned 11.5% over the past year.

Return vs Market: M7B underperformed the German Market which returned 15% over the past year.


Shareholder returns

M7BIndustryMarket
7 Day2.5%2.6%2.0%
30 Day-4.0%2.5%1.0%
90 Day28.0%-4.2%3.8%
1 Year-5.5%-7.6%11.8%11.2%18.6%15.1%
3 Year-5.7%-14.8%1.8%1.5%16.8%6.6%
5 Year-20.4%-32.4%107.2%106.8%23.7%6.7%

Price Volatility Vs. Market

How volatile is MOBI Development's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MOBI Development undervalued compared to its fair value and its price relative to the market?

34.64x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: M7B (€0.12) is trading above our estimate of fair value (€0.03)

Significantly Below Fair Value: M7B is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: M7B is poor value based on its PE Ratio (34.6x) compared to the Communications industry average (19.1x).

PE vs Market: M7B is poor value based on its PE Ratio (34.6x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate M7B's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: M7B is good value based on its PB Ratio (0.7x) compared to the DE Communications industry average (3.1x).


Next Steps

Future Growth

How is MOBI Development forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

32.5%

Forecasted Tech 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 MOBI Development 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 MOBI Development performed over the past 5 years?

-43.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: M7B has a large one-off gain of CN¥2.5M impacting its June 30 2019 financial results.

Growing Profit Margin: M7B became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: M7B's earnings have declined by -43.9% per year over the past 5 years.

Accelerating Growth: M7B has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: M7B has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (49.1%).


Return on Equity

High ROE: M7B's Return on Equity (2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MOBI Development's financial position?


Financial Position Analysis

Short Term Liabilities: M7B's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.1B).

Long Term Liabilities: M7B's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥15.1M).


Debt to Equity History and Analysis

Debt Level: M7B's debt to equity ratio (15.7%) is considered satisfactory.

Reducing Debt: M7B's debt to equity ratio has increased from 12.3% to 15.7% over the past 5 years.

Debt Coverage: M7B's debt is well covered by operating cash flow (42.7%).

Interest Coverage: Insufficient data to determine if M7B's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: M7B has a high level of physical assets or inventory.

Debt Coverage by Assets: M7B's debt is covered by short term assets (assets are 9.4x debt).


Next Steps

Dividend

What is MOBI Development's current dividend yield, its reliability and sustainability?

1.74%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.3%markettop25%3.6%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: M7B's dividend (1.74%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: M7B's dividend (1.74%) is low compared to the top 25% of dividend payers in the German market (3.59%).


Stability and Growth of Payments

Stable Dividend: M7B's dividend payments have been volatile in the past 10 years.

Growing Dividend: M7B's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (62.1%), M7B's dividend payments are 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?

4.7yrs

Average management tenure


CEO

Xiang Hu (65yo)

CN¥1,094,000

Compensation

Mr. Xiang Hu serves as the Chief Executive Officer of Mobi Development Co. Ltd. Mr. Hu serves as Chief Executive Officer of MOBI Shenzhen and MOBI Jian. He joined Mobi Development Co. Ltd. in August 1999.  ...


CEO Compensation Analysis

Compensation vs Market: Xiang's total compensation ($USD156.71K) is below average for companies of similar size in the German market ($USD412.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Xiang Hu
Executive Chairman & CEO0yrsCN¥1.09m3.06% CN¥3.3m
Dong Liao
COO & Executive Director4.9yrsCN¥1.08m1.32% CN¥1.4m
Qian Wu
Chief Financial Officer1.6yrsno datano data
Zhiguo Shao
Executive Vice-President of Research4.4yrsCN¥1.89mno data
Weitong Kong
Executive Vice President0yrsno datano data
Jianrong Han
Executive Vice President0yrsno datano data
Wing Lau
Deputy Financial Officer & Company Secretary8.8yrsno datano data

4.7yrs

Average Tenure

54yo

Average Age

Experienced Management: M7B's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiang Hu
Executive Chairman & CEO0yrsCN¥1.09m3.06% CN¥3.3m
Dong Liao
COO & Executive Director4.9yrsCN¥1.08m1.32% CN¥1.4m
Han Zhang
Independent Non-Executive Director10.3yrsCN¥135.00kno data
Deqian Qu
Non-Executive Director17.2yrsCN¥92.00kno data
Tianshu Li
Independent Non-Executive Director12.6yrsCN¥158.00kno data
Xiaojing Ge
Independent Non-Executive Director1.5yrsCN¥50.00kno data

10.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: M7B's board of directors are seasoned and experienced ( 10.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: M7B insiders have only sold shares 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

MOBI Development Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MOBI Development Co., Ltd.
  • Ticker: M7B
  • Exchange: DB
  • Founded: 1999
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$893.350m
  • Listing Market Cap: HK$106.146m
  • Shares outstanding: 819.59m
  • Website: https://www.mobi-antenna.com

Number of Employees


Location

  • MOBI Development Co., Ltd.
  • MOBI Building
  • 7 Langshan First Road
  • Shenzhen
  • Guangdong Province
  • 518057
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
947SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2009
M7BDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2009

Biography

MOBI Development Co., Ltd., an investment holding company, engages in the research, design, development, manufacture, marketing, and sale of wireless communication antennas, base station radio frequency subsystems and solutions, and products of coverage extension solutions worldwide. Its solutions are used in the components of mobile communication coverage systems, including wireless access systems, as well as antenna, satellite communication, and microwave transmission networks. The company serves network and telecommunication operators, wireless network solution providers, and system equipment manufacturers. MOBI Development Co., Ltd. was founded in 1999 and is headquartered in Shenzhen, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 21:31
End of Day Share Price2020/02/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.