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Minth Group

SEHK:425
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
425
SEHK
HK$27B
Market Cap
  1. Home
  2. HK
  3. Automobiles
Company description

Minth Group Limited, an investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and molds of passenger cars in the People’s Republic of China, the United States, Japan, Thailand, Germany, Mexico, and internationally. The last earnings update was 86 days ago. More info.


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425 Share Price and Events
7 Day Returns
5.7%
SEHK:425
-0.6%
HK Auto Components
-0.2%
HK Market
1 Year Returns
-25.2%
SEHK:425
-25.3%
HK Auto Components
-4.5%
HK Market
425 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minth Group (425) 5.7% 11.7% -18.2% -25.2% -14% 58.2%
HK Auto Components -0.6% 1% -21.6% -25.3% -3.5% 19%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 425 matched the Auto Components industry (-25.3%) over the past year.
  • 425 underperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
425
Industry
5yr Volatility vs Market
Related Companies

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

425 Value

 Is Minth 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 Minth 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 Minth Group.

SEHK:425 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year HK Government Bond Rate 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 SEHK:425
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.266 (1 + (1- 25%) (17.22%))
1.288
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.288 * 5.96%)
9.68%

Discounted Cash Flow Calculation for SEHK:425 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minth 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.

SEHK:425 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 9.68%)
2020 1,423.83 Analyst x6 1,298.20
2021 1,593.83 Analyst x6 1,324.98
2022 2,179.50 Analyst x2 1,651.98
2023 2,521.50 Analyst x2 1,742.56
2024 2,793.64 Est @ 10.79% 1,760.28
2025 3,021.48 Est @ 8.16% 1,735.86
2026 3,212.14 Est @ 6.31% 1,682.56
2027 3,373.32 Est @ 5.02% 1,611.08
2028 3,512.08 Est @ 4.11% 1,529.35
2029 3,634.31 Est @ 3.48% 1,442.93
Present value of next 10 years cash flows CN¥15,779.77
SEHK:425 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,634.31 × (1 + 2%) ÷ (9.68% – 2%)
CN¥48,304.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥48,304.06 ÷ (1 + 9.68%)10
CN¥19,178.19
SEHK:425 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥15,779.77 + CN¥19,178.19
CN¥34,957.96
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥34,957.96 / 1,148.99
CN¥30.42
SEHK:425 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:425)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥30.42 x 1.136
HK$34.56
Value per share (HKD) From above. HK$34.56
Current discount Discount to share price of HK$23.35
= -1 x (HK$23.35 - HK$34.56) / HK$34.56
32.4%

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

Current Discount
Amount off the current price Minth Group is available for.
Intrinsic value
32%
Share price is HK$23.35 vs Future cash flow value of HK$34.56
Current Discount Checks
For Minth Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Minth Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Minth Group's share price is below the future cash flow value, but not 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 Minth Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minth Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:425 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥1.45
SEHK:425 Share Price ** SEHK (2019-07-19) in HKD HK$23.35
SEHK:425 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥20.55
Hong Kong Auto Components Industry PE Ratio Median Figure of 21 Publicly-Listed Auto Components Companies 10.61x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

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

** Primary Listing of Minth Group.

SEHK:425 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:425 Share Price ÷ EPS (both in CNY)

= 20.55 ÷ 1.45

14.17x

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

  • Minth Group is overvalued based on earnings compared to the HK Auto Components industry average.
  • Minth Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Minth Group's expected growth come at a high price?
Raw Data
SEHK:425 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
14.5%per year
Hong Kong Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.61x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

SEHK:425 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.17x ÷ 14.5%

0.98x

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

  • Minth Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Minth Group's assets?
Raw Data
SEHK:425 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥11.48
SEHK:425 Share Price * SEHK (2019-07-19) in HKD HK$23.35
SEHK:425 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥20.55
Hong Kong Auto Components Industry PB Ratio Median Figure of 26 Publicly-Listed Auto Components Companies 1.35x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:425 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:425 Share Price ÷ Book Value per Share (both in CNY)

= 20.55 ÷ 11.48

1.79x

* Primary Listing of Minth Group.

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

  • Minth Group is overvalued based on assets compared to the HK Auto Components industry average.
X
Value checks
We assess Minth 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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Minth Group has a total score of 2/6, 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.

425 Future Performance

 How is Minth Group expected to perform in the next 1 to 3 years based on estimates from 22 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
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minth Group expected to grow at an attractive rate?
  • Minth Group's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Minth Group's earnings growth is expected to exceed the Hong Kong market average.
  • Minth Group's revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:425 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:425 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 14.5%
SEHK:425 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 11.5%
Hong Kong Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 11.6%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*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
SEHK:425 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:425 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 17,650 3,055 2,562 18
2020-12-31 15,702 2,715 2,239 22
2019-12-31 13,811 2,325 1,908 22
SEHK:425 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 12,553 2,041 1,661
2018-09-30 12,332 2,104 1,809
2018-06-30 12,112 2,167 1,958
2018-03-31 11,748 2,021 1,992
2017-12-31 11,384 1,875 2,025
2017-09-30 10,927 1,753 1,992
2017-06-30 10,469 1,631 1,960
2017-03-31 9,935 1,677 1,839
2016-12-31 9,400 1,723 1,719
2016-09-30 8,909 1,662 1,591
2016-06-30 8,418 1,601 1,462
2016-03-31 8,036 1,321 1,367

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Minth Group's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Minth Group's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (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
SEHK:425 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Minth Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:425 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 2.22 2.45 1.82 15.00
2020-12-31 1.95 2.21 1.63 19.00
2019-12-31 1.66 1.92 1.43 19.00
SEHK:425 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 1.45
2018-09-30 1.58
2018-06-30 1.71
2018-03-31 1.75
2017-12-31 1.78
2017-09-30 1.76
2017-06-30 1.73
2017-03-31 1.64
2016-12-31 1.54
2016-09-30 1.43
2016-06-30 1.32
2016-03-31 1.23

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

425 Past Performance

  How has Minth 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 Minth Group's growth in the last year to its industry (Auto Components).
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.
  • Minth Group's year on year earnings growth rate has been positive over the past 5 years.
  • Minth Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Minth Group's 1-year earnings growth is negative, it can't be compared to the HK Auto Components industry average.
Earnings and Revenue History
Minth 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 Minth Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:425 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 12,553.20 1,660.64 1,460.77 590.61
2018-09-30 12,332.37 1,809.20 1,441.63 551.33
2018-06-30 12,111.53 1,957.76 1,422.49 512.05
2018-03-31 11,748.01 1,991.51 1,377.43 487.87
2017-12-31 11,384.50 2,025.25 1,332.38 463.68
2017-09-30 10,926.98 1,992.47 1,239.31 446.07
2017-06-30 10,469.46 1,959.69 1,146.23 428.46
2017-03-31 9,934.72 1,839.42 1,092.12 409.49
2016-12-31 9,399.99 1,719.14 1,038.00 390.51
2016-09-30 8,909.07 1,590.69 967.54 371.28
2016-06-30 8,418.15 1,462.23 897.09 352.05
2016-03-31 8,036.14 1,366.96 856.80 341.31
2015-12-31 7,654.12 1,271.68 816.50 330.57
2015-09-30 7,309.58 1,224.60 794.71 320.62
2015-06-30 6,965.03 1,177.51 772.92 310.68
2015-03-31 6,824.46 1,147.56 771.60 304.70
2014-12-31 6,683.88 1,117.61 770.28 298.71
2014-09-30 6,436.24 1,076.08 752.92 290.99
2014-06-30 6,188.59 1,034.56 735.55 283.26
2014-03-31 5,849.49 1,002.95 683.57 271.52
2013-12-31 5,510.39 971.34 631.59 259.78
2013-09-30 5,096.57 937.58 580.76 252.98
2013-06-30 4,682.75 903.82 529.94 246.19
2013-03-31 4,506.33 872.49 503.60 239.01
2012-12-31 4,329.91 841.16 477.27 231.84
2012-09-30 4,264.30 838.31 462.68 230.24

*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.
  • Minth Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Minth Group used its assets less efficiently than the HK Auto Components industry average last year based on Return on Assets.
  • Minth Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Minth 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 Auto Components 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.
Minth Group has a total score of 2/6, 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.

425 Health

 How is Minth 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 Minth Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minth Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Minth Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Minth 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 2.7x 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 Minth Group Company Filings, last reported 6 months ago.

SEHK:425 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 13,428.71 4,092.51 4,858.91
2018-09-30 13,428.71 4,092.51 4,858.91
2018-06-30 12,672.48 4,088.29 4,928.14
2018-03-31 12,672.48 4,088.29 4,928.14
2017-12-31 12,398.11 2,520.21 3,849.60
2017-09-30 12,398.11 2,520.21 3,849.60
2017-06-30 11,426.68 2,524.43 3,214.90
2017-03-31 11,426.68 2,524.43 3,214.90
2016-12-31 10,855.71 1,447.70 2,941.57
2016-09-30 10,855.71 1,447.70 2,941.57
2016-06-30 9,857.56 1,425.24 2,895.61
2016-03-31 9,857.56 1,425.24 2,895.61
2015-12-31 9,406.42 1,957.96 2,766.71
2015-09-30 9,406.42 1,957.96 2,766.71
2015-06-30 8,770.82 2,946.18 3,154.50
2015-03-31 8,770.82 2,946.18 3,154.50
2014-12-31 8,545.47 2,708.49 3,594.21
2014-09-30 8,545.47 2,708.49 3,594.21
2014-06-30 7,976.24 2,834.39 3,773.75
2014-03-31 7,976.24 2,834.39 3,773.75
2013-12-31 7,718.45 2,411.05 4,119.19
2013-09-30 7,718.45 2,411.05 4,119.19
2013-06-30 7,149.85 2,473.80 4,248.88
2013-03-31 7,149.85 2,473.80 4,248.88
2012-12-31 6,981.79 1,459.70 4,130.05
2012-09-30 6,981.79 1,459.70 4,130.05
  • Minth Group's level of debt (30.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (31.3% vs 30.5% today).
  • Debt is well covered by operating cash flow (49.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 68.9x coverage).
X
Financial health checks
We assess Minth 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. Minth Group has a total score of 6/6, 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.

425 Dividends

 What is Minth 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
2.74%
Current annual income from Minth Group dividends. Estimated to be 3.77% next year.
If you bought HK$2,000 of Minth Group shares you are expected to receive HK$55 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?
  • Minth Group's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Minth Group's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).
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
SEHK:425 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 22 Analyst Estimates (S&P Global) See Below
Hong Kong Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.2%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

SEHK:425 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.89 14.00
2020-12-31 0.78 18.00
2019-12-31 0.67 18.00
SEHK:425 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.564 2.820
2018-03-20 0.679 2.823
2017-05-31 0.545 1.696
2016-05-26 0.463 2.075
2015-05-28 0.412 3.238
2014-05-29 0.357 2.862
2013-04-22 0.300 2.708
2013-03-19 0.306 3.276
2012-03-20 0.217 3.060
2011-05-18 0.216 2.952
2010-04-19 0.193 1.877
2010-03-23 0.193 1.763
2009-04-23 0.133 1.923

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Minth Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Minth Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Minth Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minth Group has a total score of 5/6, see the detailed checks below.


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

425 Management

 What is the CEO of Minth 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
Jong Chin
COMPENSATION CN¥0
AGE 61
TENURE AS CEO 1.9 years
CEO Bio

Mr. Jong Hwa Chin founded Minth Group Ltd. in March 1997 and has been its Chairman of the Board and Chief Executive Officer since August 10, 2017. Mr. Chin served as Chairman and Executive Director of Minth Group Ltd. from July 14, 2005 to May 26, 2016. Mr. Chin is the controlling shareholder of Minth Group Ltd. He has over 20 years of management experience in the autoparts industry and has been leading the management team since the founding of the Group. He has also worked in various other organisations, including being a member of the Ningbo People’s Political Consultative Conference since 2003, vice-chairman of Ningbo Association of Enterprises with Foreign Investments and a director of the Ningbo Vocational Technical College. He has been Executive Director of Minth Group Ltd. since August 10, 2017. He served as Honorary Chairman of Minth Group Ltd. since May 26, 2016 and as its Non-Executive Director since July 14, 2005. Mr. Chin was awarded the title of Ningbo Honorary Citizenship in 1999. Mr. Chin graduated from the Taiwan-China College of Urban Administration Department of Management Studies.

CEO Compensation
  • Insufficient data for Jong to compare compensation growth.
  • Jong's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

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

2.2
Average Tenure
48
Average Age
  • The tenure for the Minth Group management team is about average.
Management Team

Jong Chin

TITLE
Founder
AGE
61
TENURE
1.9 yrs

Chiung Huang

TITLE
Chief Human Resources Officer & Executive Director
COMPENSATION
CN¥5M
AGE
48
TENURE
4.8 yrs

Feng Zhao

TITLE
VP & Executive Director
COMPENSATION
CN¥4M
AGE
50
TENURE
12.6 yrs

Chien Chin

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
30

Bau Hong

TITLE
Special Assistant to Chairman

Catherine Sung

TITLE
Chief Financial Officer
AGE
46
TENURE
2.2 yrs

Yan Liu

TITLE
Chief Operating Officer
AGE
54
TENURE
0.8 yrs

Lei Yi

TITLE
Head of Investor Relations Department & Company Secretary
AGE
45
Board of Directors Tenure

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

10.5
Average Tenure
51
Average Age
  • The average tenure for the Minth Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jong Chin

TITLE
Founder
AGE
61
TENURE
1.9 yrs

Chiung Huang

TITLE
Chief Human Resources Officer & Executive Director
COMPENSATION
CN¥5M
AGE
48
TENURE
3.2 yrs

Feng Zhao

TITLE
VP & Executive Director
COMPENSATION
CN¥4M
AGE
50
TENURE
12.6 yrs

Chien Chin

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
30
TENURE
3.2 yrs

Vivian Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥502K
AGE
51
TENURE
11.5 yrs

Fred Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥473K
AGE
71
TENURE
10.5 yrs

Jim Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥473K
AGE
64
TENURE
13.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
22. May 19 Sell J.P. Morgan Asset Management, Inc. Company 17. May 19 17. May 19 -3,082,422 HK$23.24 HK$-71,639,502
17. May 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. May 19 15. May 19 977,132 HK$25.16 HK$24,582,397
08. May 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. May 19 03. May 19 -57,882 HK$25.70 HK$-1,487,660
26. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 23. Apr 19 23. Apr 19 -1,893,344 HK$27.34 HK$-51,756,634
23. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 18. Apr 19 18. Apr 19 2,000 HK$28.65 HK$57,302
23. Apr 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 18. Apr 19 18. Apr 19 2,399,851 HK$28.65 HK$68,758,365
26. Mar 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Mar 19 21. Mar 19 4,800,910 HK$23.43 HK$112,505,011
05. Mar 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Feb 19 28. Feb 19 -726,000 HK$30.95 HK$-22,471,587
04. Mar 19 Buy J.P. Morgan Asset Management, Inc. Company 27. Feb 19 27. Feb 19 224,818 HK$31.50 HK$7,081,250
28. Feb 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 25. Feb 19 25. Feb 19 -86,460 HK$31.66 HK$-2,736,952
27. Feb 19 Buy J.P. Morgan Asset Management, Inc. Company 22. Feb 19 22. Feb 19 133,540 HK$31.56 HK$4,214,028
22. Feb 19 Sell J.P. Morgan Asset Management, Inc. Company 19. Feb 19 19. Feb 19 -174,000 HK$29.59 HK$-5,148,834
29. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Jan 19 24. Jan 19 860,426 HK$26.71 HK$22,984,299
22. Jan 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Jan 19 17. Jan 19 -258,933 HK$26.94 HK$-6,975,448
21. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 16. Jan 19 16. Jan 19 197,086 HK$28.04 HK$5,526,626
17. Jan 19 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 14. Jan 19 14. Jan 19 -664,355 HK$26.17 HK$-17,386,371
31. Dec 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 27. Dec 18 27. Dec 18 -909,821 HK$24.40 HK$-22,197,541
31. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Dec 18 27. Dec 18 -218,121 HK$24.40 HK$-5,321,651
31. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 27. Dec 18 27. Dec 18 6,000 HK$24.40 HK$146,386
31. Dec 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 24. Dec 18 24. Dec 18 909,821 HK$24.13 HK$21,952,618
31. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 24. Dec 18 24. Dec 18 1,215,724 HK$24.13 HK$29,333,599
03. Jan 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 28. Dec 18 28. Dec 18 730,547 HK$24.68 HK$18,032,239
26. Dec 18 Sell J.P. Morgan Asset Management, Inc. Company 21. Dec 18 21. Dec 18 -2,001,822 HK$23.90 HK$-47,842,553
20. Dec 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Dec 18 17. Dec 18 308,821 HK$26.07 HK$8,049,512
20. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 17. Dec 18 17. Dec 18 -2,000 HK$26.07 HK$-52,131
19. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 14. Dec 18 14. Dec 18 -272,686 HK$26.60 HK$-7,253,692
14. Dec 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 11. Dec 18 11. Dec 18 77,907 HK$25.75 HK$2,006,230
10. Dec 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 05. Dec 18 05. Dec 18 -1,221,475 HK$26.78 HK$-32,713,059
28. Nov 18 Sell JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 23. Nov 18 23. Nov 18 -464,566 HK$26.30 HK$-12,219,247
26. Nov 18 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Nov 18 21. Nov 18 465,561 HK$26.66 HK$12,412,227
26. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 21. Nov 18 21. Nov 18 28,000 HK$26.66 HK$746,502
23. Nov 18 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 20. Nov 18 20. Nov 18 -1,080,482 HK$27.06 HK$-29,239,790
22. Nov 18 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 19. Nov 18 19. Nov 18 854,781 HK$27.18 HK$23,234,146
09. Nov 18 Sell Orient Securities Asset Management Co., Ltd Company 06. Nov 18 06. Nov 18 -642,000 HK$27.13 HK$-17,417,462
17. Aug 18 Buy Colonial First State Asset Management (Australia) Limited Company 16. Aug 18 16. Aug 18 1,144,000 HK$25.88 HK$29,606,719
X
Management checks
We assess Minth 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. Minth 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.

425 News

Simply Wall St News

Is Minth Group (HKG:425) Using Too Much Debt?

SEHK:425 Historical Debt, July 16th 2019 A Look At Minth Group's Liabilities We can see from the most recent balance sheet that Minth Group had liabilities of CN¥7.59b falling due within a year, and liabilities of CN¥246.5m due beyond that. … Minth Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt. … Summing up While it is always sensible to investigate a company's debt, in this case Minth Group has CN¥766m in net cash and a decent-looking balance sheet.

Simply Wall St -

Three Things You Should Check Before Buying Minth Group Limited (HKG:425) For Its Dividend

For the purpose of this article, we only scrutinise the last decade of Minth Group's dividend payments. … First, we like Minth Group's low dividend payout ratio, although we're a bit concerned that it paid out a substantially higher percentage of its free cash flow. … Next, growing earnings per share and steady dividend payments is a great combination.

Simply Wall St -

Why Minth Group Limited (HKG:425) Could Be Your Next Investment

SEHK:425 Historical Debt, July 3rd 2019 For those seeking income streams from their portfolio, 425 is a robust dividend payer as well. … SEHK:425 Historical Dividend Yield, July 3rd 2019 Next Steps: For Minth Group, I've compiled three essential aspects you should look at: Future Outlook: What are well-informed industry analysts predicting for 425’s future growth? … Take a look at our free research report of analyst consensus for 425’s outlook.

Simply Wall St -

What Kind Of Shareholder Owns Most Minth Group Limited (HKG:425) Stock?

See our latest analysis for Minth Group SEHK:425 Ownership Summary, June 26th 2019 What Does The Institutional Ownership Tell Us About Minth Group? … We can see that Minth Group does have institutional investors; and they hold 41% of the stock. … Insider Ownership Of Minth Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Can Minth Group Limited (HKG:425) Save Your Portfolio?

This is the best time to buy stocks like Minth Group Limited at a discount. … View our latest analysis for Minth Group Minth Group Limited, an investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and molds of passenger cars in the People’s Republic of China, the United States, Japan, Thailand, Germany, Mexico, and internationally. … This continuous market outperformance demonstrates a strong track record of delivering robust returns over many years, raising my confidence in Minth Group as a long-term hold.

Simply Wall St -

Is Now An Opportune Moment To Examine Minth Group Limited (HKG:425)?

This is because Minth Group’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market. … With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. … If you are no longer interested in Minth Group, you can use our free platform to see my list of over 50 other stocks with a high growth potential.

Simply Wall St -

Does Minth Group Limited's (HKG:425) Stock Price Account For Its Growth?

Minth Group Limited (HKG:425) is considered a high-growth stock, but its last closing price of HK$20.3 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … This tells us the stock is overvalued compared to the HK market average ratio of 10.94x , and overvalued based on current earnings compared to the Auto Components industry average of 10.2x. … However, to properly examine the value of a high-growth stock such as Minth Group, we must reflect its earnings growth into the valuation.

Simply Wall St -

Are Minth Group Limited’s Returns On Capital Worth Investigating?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Minth Group: 0.14 = CN¥2.0b ÷ (CN¥21b - CN¥7.6b) (Based on the trailing twelve months to December 2018.) So, Minth Group has an ROCE of 14%. … Minth Group has a middling amount of current liabilities, increasing its ROCE somewhat. … The Bottom Line On Minth Group's ROCE Minth Group's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Are Investors Undervaluing Minth Group Limited (HKG:425) By 38%?

Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CN¥, Millions) CN¥592.11 CN¥1.51k CN¥1.61k CN¥2.18k CN¥2.52k CN¥2.79k CN¥3.02k CN¥3.21k CN¥3.37k CN¥3.51k Growth Rate Estimate Source Analyst x9 Analyst x7 Analyst x6 Analyst x2 Analyst x2 Est @ 10.79% Est @ 8.16% Est @ 6.31% Est @ 5.02% Est @ 4.11% Present Value (CN¥, Millions) Discounted @ 8.99% CN¥543.30 CN¥1.27k CN¥1.24k CN¥1.54k CN¥1.64k CN¥1.67k CN¥1.65k CN¥1.61k CN¥1.56k CN¥1.49k Present Value of 10-year Cash Flow (PVCF)= CN¥14.22b "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … SEHK:425 Intrinsic value, May 22nd 2019 Important assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Where Minth Group Limited's (HKG:425) Earnings Growth Stands Against Its Industry

Examining Minth Group Limited's (HKG:425) past track record of performance is a useful exercise for investors. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 15%, indicating the rate at which 425 is growing has slowed down. … Minth Group's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

425 Company Info

Description

Minth Group Limited, an investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and molds of passenger cars in the People’s Republic of China, the United States, Japan, Thailand, Germany, Mexico, and internationally. The company also manufactures, develops, and sells batteries and motor systems for electric vehicles, as well as optical parts, metal molds, automation machines, software, and production lines; manufactures buses, modified cars, and electric vehicles; develops and manages real estate properties; and offers bookkeeping services. In addition, it engages in import and export trading, logistics, and technology import activities. Minth Group Limited was incorporated in 2005 and is headquartered in Ningbo, the People’s Republic of China.

Details
Name: Minth Group Limited
425
Exchange: SEHK
Founded: 2005
HK$27,001,265,000
1,148,990,000
Website: http://www.minthgroup.com
Address: Minth Group Limited
No. 8 Dagang No. 6 Road,
Ningbo Economic and Technological Development Zone,
Ningbo,
Zhejiang Province, 315800,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 425 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Dec 2005
OTCPK MNTH.F Ordinary Shares Pink Sheets LLC US USD 01. Dec 2005
DB M3I Ordinary Shares Deutsche Boerse AG DE EUR 01. Dec 2005
SHSC 425 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 01. Dec 2005
SZSC 425 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 01. Dec 2005
Number of employees
Current staff
Staff numbers
18,391
Minth Group employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:47
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/04/24
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.