Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau.
No risks detected for 222 from our risk checks.
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has Min Xin Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 222 has not had significant price volatility in the past 3 months.
7 Day Return
HK Trade Distributors
1 Year Return
HK Trade Distributors
Return vs Industry: 222 underperformed the Hong Kong Trade Distributors industry which returned -37.1% over the past year.
Return vs Market: 222 underperformed the Hong Kong Market which returned -22% over the past year.
Price Volatility Vs. Market
How volatile is Min Xin Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StShould You Rely On Min Xin Holdings's (HKG:222) Earnings Growth?
3 months ago | Simply Wall StShould You Rely On Min Xin Holdings's (HKG:222) Earnings Growth?
1 year ago | Simply Wall StWhere Min Xin Holdings Limited's (HKG:222) Earnings Growth Stands Against Its Industry
Is Min Xin Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 222 (HK$2.68) is trading below our estimate of fair value (HK$6.15)
Significantly Below Fair Value: 222 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 222 is good value based on its PE Ratio (2.8x) compared to the Trade Distributors industry average (8.8x).
PE vs Market: 222 is good value based on its PE Ratio (2.8x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 222's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 222 is good value based on its PB Ratio (0.2x) compared to the HK Trade Distributors industry average (0.4x).
How is Min Xin Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods 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 Min Xin 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.
- Examine whether Min Xin 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.
- Min Xin Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Min Xin Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 222 has high quality earnings.
Growing Profit Margin: 222's current net profit margins are higher than last year (55.6%).
Past Earnings Growth Analysis
Earnings Trend: 222's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: 222's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 222 had negative earnings growth (-1.1%) over the past year, making it difficult to compare to the Trade Distributors industry average (-1.1%).
Return on Equity
High ROE: 222's Return on Equity (8.1%) is considered low.
How is Min Xin Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 222's short term assets (HK$1.0B) exceed its short term liabilities (HK$254.2M).
Long Term Liabilities: 222's short term assets (HK$1.0B) exceed its long term liabilities (HK$405.7M).
Debt to Equity History and Analysis
Debt Level: 222's debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 222's debt to equity ratio has reduced from 12% to 6.5% over the past 5 years.
Debt Coverage: 222's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 222's interest payments on its debt are well covered by EBIT (71.4x coverage).
Inventory Level: 222 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 222's debt is covered by short term assets (assets are 2.3x debt).
What is Min Xin Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 222's dividend (3.73%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.65%).
High Dividend: 222's dividend (3.73%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.26%).
Stability and Growth of Payments
Stable Dividend: 222's dividends per share have been stable in the past 10 years.
Growing Dividend: 222's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (10.5%), 222's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Yu Chen (55yo)
Mr. Chen Yu has been Executive Director and General Manager of Min Xin Holdings Limited since September 10, 2018. Mr. Chen was Executive Deputy General Manager of Min Xin Holdings Limited since August 2018 ...
CEO Compensation Analysis
Compensation vs Market: Yu's total compensation ($USD274.66K) is about average for companies of similar size in the Hong Kong market ($USD300.45K).
Compensation vs Earnings: Insufficient data to compare Yu's compensation with company performance.
|Executive Chairman of the Board||2yrs||no data||no data|
|GM & Executive Director||no data||HK$2.13m||no data|
|Vice Chairman of the Board||5.67yrs||no data||no data|
|Independent Non-Executive Director||21.75yrs||HK$250.00k||0.14% HK$2.3m|
|Independent Non-executive Director||1.92yrs||HK$167.00k||no data|
|Independent Non-Executive Director||3yrs||HK$350.00k||no data|
|Non-executive Director||1.33yrs||no data||no data|
|Non Executive Director||4.08yrs||HK$60.00k||no data|
Experienced Board: 222's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Min Xin Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Min Xin Holdings Limited
- Ticker: 222
- Exchange: SEHK
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: HK$1.601b
- Shares outstanding: 597.26m
- Website: https://www.minxin.com.hk
Number of Employees
- Min Xin Holdings Limited
- Fairmont House
- 17th Floor
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MXD||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|222||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau. The company is also involved in the financial services, general insurance, property development and investment, and strategic investment businesses. It provides micro credit and entrusted loans; and leases office space. Min Xin Holdings Limited is based in Central, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 13:02|
|End of Day Share Price||2020/04/03 00:00|
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.