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222

Min Xin HoldingsSEHK:222 Stock Report

Market Cap

HK$2.5b

7D

7.0%

1Y

3.0%

Updated

20 Oct, 2021

Data

Company Financials
222 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends4/6

222 Overview

Min Xin Holdings Limited, an investment holding company, primarily engages in the financial services, general insurance, property investment, and strategic investment business in Hong Kong, Mainland China, and Macau.

Price History & Performance

Summary of all time highs, changes and price drops for Min Xin Holdings
Historical stock prices
Current Share PriceHK$4.12
52 Week HighHK$2.87
52 Week LowHK$4.38
Beta0.13
1 Month Change37.33%
3 Month Change8.42%
1 Year Change3.00%
3 Year Change-19.53%
5 Year Change-50.60%
Change since IPO292.38%

Recent News & Updates

Shareholder Returns

222HK InsuranceHK Market
7D7.0%2.5%3.1%
1Y3.0%-14.0%6.2%

Return vs Industry: 222 exceeded the Hong Kong Insurance industry which returned -14.8% over the past year.

Return vs Market: 222 underperformed the Hong Kong Market which returned 6.6% over the past year.

Price Volatility

Is 222's price volatile compared to industry and market?
222 volatility
222 Beta0.13
Industry Beta0.94
Market Beta1

Stable Share Price: 222 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 222's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198069Yu Chenhttps://www.minxin.com.hk

Min Xin Holdings Limited, an investment holding company, primarily engages in the financial services, general insurance, property investment, and strategic investment business in Hong Kong, Mainland China, and Macau. It is also involved in the banking business, as well as provides micro credit and entrusted loans; and leasing of office space. The company was incorporated in 1980 and is based in Central, Hong Kong.

Min Xin Holdings Fundamentals Summary

How do Min Xin Holdings's earnings and revenue compare to its market cap?
222 fundamental statistics
Market CapHK$2.46b
Earnings (TTM)HK$479.61m
Revenue (TTM)HK$199.22m

5.1x

P/E Ratio

12.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
222 income statement (TTM)
RevenueHK$199.22m
Cost of RevenueHK$0
Gross ProfitHK$547.77m
ExpensesHK$68.16m
EarningsHK$479.61m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin274.95%
Net Profit Margin240.74%
Debt/Equity Ratio7.5%

How did 222 perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is Min Xin Holdings undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 222 (HK$4.12) is trading below our estimate of fair value (HK$15.53)

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 (5.1x) compared to the Hong Kong Insurance industry average (5.4x).

PE vs Market: 222 is good value based on its PE Ratio (5.1x) compared to the Hong Kong market (9.7x).


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 (0.3x) compared to the HK Insurance industry average (0.7x).


Future Growth

How is Min Xin Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.9%

Forecasted Insurance 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.


Past Performance

How has Min Xin Holdings performed over the past 5 years?

9.8%

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 lower than last year .


Past Earnings Growth Analysis

Earnings Trend: 222's earnings have grown by 9.8% 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 (-6.9%) over the past year, making it difficult to compare to the Insurance industry average (33%).


Return on Equity

High ROE: 222's Return on Equity (6.1%) is considered low.


Financial Health

How is Min Xin Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 222's short term assets (HK$1.7B) exceed its short term liabilities (HK$791.5M).

Long Term Liabilities: 222's short term assets (HK$1.7B) exceed its long term liabilities (HK$115.2M).


Debt to Equity History and Analysis

Debt Level: 222's debt to equity ratio (7.5%) is considered satisfactory.

Reducing Debt: 222's debt to equity ratio has reduced from 28.2% to 7.5% over the past 5 years.

Debt Coverage: 222's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 222's interest payments on its debt are well covered by EBIT (54.3x coverage).


Balance Sheet


Dividend

What is Min Xin Holdings's current dividend yield, its reliability and sustainability?

2.43%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 222's dividend (2.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 222's dividend (2.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).


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 (12.5%), 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.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Yu Chen (57 yo)

no data

Tenure

HK$2,151,000

Compensation

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 ($USD276.60K) is about average for companies of similar size in the Hong Kong market ($USD355.19K).

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


Leadership Team

Experienced Management: 222's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: 222's board of directors are considered experienced (3.5 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.


Ownership Breakdown

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


Top Shareholders

Company Information

Min Xin Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Min Xin Holdings Limited
  • Ticker: 222
  • Exchange: SEHK
  • Founded: 1980
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: HK$2.461b
  • Shares outstanding: 597.26m
  • Website: https://www.minxin.com.hk

Number of Employees


Location

  • Min Xin Holdings Limited
  • Fairmont House
  • 17th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:15
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.