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
|Historical stock prices|
|Current Share Price||HK$4.12|
|52 Week High||HK$2.87|
|52 Week Low||HK$4.38|
|1 Month Change||37.33%|
|3 Month Change||8.42%|
|1 Year Change||3.00%|
|3 Year Change||-19.53%|
|5 Year Change||-50.60%|
|Change since IPO||292.38%|
Recent News & Updates
|222||HK Insurance||HK Market|
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.
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
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
|222 fundamental statistics|
Is 222 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|222 income statement (TTM)|
|Cost of Revenue||HK$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.80|
|Net Profit Margin||240.74%|
How did 222 perform over the long term?See historical performance and comparison
2.4%Current Dividend Yield
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$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).
How is Min Xin Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
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 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.
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$115.2M).
Debt to Equity History and Analysis
Debt Level: 222's debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: 222's debt to equity ratio has reduced from 28.2% to 7.5% over the past 5 years.
Debt Coverage: 222's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 222's interest payments on its debt are well covered by EBIT (54.3x coverage).
What is Min Xin Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 222's dividend (2.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 222's dividend (2.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 222's dividends per share have been stable in the past 10 years.
Growing Dividend: 222's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (12.5%), 222's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Yu Chen (57 yo)
Mr. Chen Yu has been Executive Director and General Manager of Min Xin Holdings Limited since September 10, 2018. Mr. Chen was Executive Deputy General Manager of Min Xin Holdings Limited since August 2018...
CEO Compensation Analysis
Compensation vs Market: Yu's total compensation ($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.
Experienced Management: 222's management team is considered experienced (3.8 years average tenure).
Experienced Board: 222's board of directors are considered experienced (3.5 years average tenure).
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 employee growth, exchange listings and data sources
- 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
- Min Xin Holdings Limited
- Fairmont House
- 17th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:15|
|End of Day Share Price||2021/10/20 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.