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1553

Maike Tube Industry Holdings SEHK:1553 Stock Report

Last Price

HK$1.67

Market Cap

HK$724.4m

7D

0%

1Y

7.1%

Updated

15 Aug, 2022

Data

Company Financials
1553 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

1553 Stock Overview

Maike Tube Industry Holdings Limited, through its subsidiaries, manufactures and sells standard prefabricated pipe nipples and steel pipe products in the People’s Republic of China, the United States, rest of Asia, Europe, and internationally.

Maike Tube Industry Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maike Tube Industry Holdings
Historical stock prices
Current Share PriceHK$1.67
52 Week HighHK$1.69
52 Week LowHK$1.20
Beta0.18
1 Month Change15.17%
3 Month Change4.38%
1 Year Change7.05%
3 Year Changen/a
5 Year Changen/a
Change since IPO-22.33%

Recent News & Updates

Jul 12
Estimating The Fair Value Of Maike Tube Industry Holdings Limited (HKG:1553)

Estimating The Fair Value Of Maike Tube Industry Holdings Limited (HKG:1553)

In this article we are going to estimate the intrinsic value of Maike Tube Industry Holdings Limited ( HKG:1553 ) by...

Jun 01
Maike Tube Industry Holdings (HKG:1553) Has Announced That Its Dividend Will Be Reduced To HK$0.10

Maike Tube Industry Holdings (HKG:1553) Has Announced That Its Dividend Will Be Reduced To HK$0.10

Maike Tube Industry Holdings Limited's ( HKG:1553 ) dividend is being reduced to HK$0.10 on the 6th of July. This means...

Shareholder Returns

1553HK Metals and MiningHK Market
7D0%2.5%-0.2%
1Y7.1%-31.6%-21.6%

Return vs Industry: 1553 exceeded the Hong Kong Metals and Mining industry which returned -32.2% over the past year.

Return vs Market: 1553 exceeded the Hong Kong Market which returned -21.6% over the past year.

Price Volatility

Is 1553's price volatile compared to industry and market?
1553 volatility
1553 Average Weekly Movement6.5%
Metals and Mining Industry Average Movement6.1%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.6%
10% least volatile stocks in HK Market3.2%

Stable Share Price: 1553 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 1553's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20131,073Lei Guohttps://www.mechpipingtech.com

Maike Tube Industry Holdings Limited, through its subsidiaries, manufactures and sells standard prefabricated pipe nipples and steel pipe products in the People’s Republic of China, the United States, rest of Asia, Europe, and internationally. The company’s products include standard prefabricated steel, stainless, and brass pipe nipples, as well as coupling/sockets, welded outlets, and others; electric resistance welding and spiral submerged arc welded steel pipes; assembled piping systems; conduits; and customized steel pipes. It also engages in the design and supply of assembled piping systems.

Maike Tube Industry Holdings Fundamentals Summary

How do Maike Tube Industry Holdings's earnings and revenue compare to its market cap?
1553 fundamental statistics
Market CapCN¥623.17m
Earnings (TTM)CN¥116.02m
Revenue (TTM)CN¥1.78b

5.4x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1553 income statement (TTM)
RevenueCN¥1.78b
Cost of RevenueCN¥1.45b
Gross ProfitCN¥329.33m
Other ExpensesCN¥213.30m
EarningsCN¥116.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 26, 2022

Earnings per share (EPS)0.27
Gross Margin18.54%
Net Profit Margin6.53%
Debt/Equity Ratio20.0%

How did 1553 perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

30%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 1553 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1553?

Other financial metrics that can be useful for relative valuation.

1553 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA5.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 1553's PE Ratio compare to its peers?

1553 PE Ratio vs Peers
The above table shows the PE ratio for 1553 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6x
1203 GDH Guangnan (Holdings)
10.4xn/aHK$562.7m
1118 Golik Holdings
2.8xn/aHK$545.7m
103 Shougang Century Holdings
5.7xn/aHK$457.4m
1266 Xiwang Special Steel
5.3xn/aHK$402.7m
1553 Maike Tube Industry Holdings
5.4xn/aHK$724.4m

Price-To-Earnings vs Peers: 1553 is good value based on its Price-To-Earnings Ratio (5.4x) compared to the peer average (6x).


Price to Earnings Ratio vs Industry

How does 1553's PE Ratio compare vs other companies in the HK Metals and Mining Industry?

Price-To-Earnings vs Industry: 1553 is expensive based on its Price-To-Earnings Ratio (5.4x) compared to the Hong Kong Metals and Mining industry average (5.4x)


Price to Earnings Ratio vs Fair Ratio

What is 1553's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1553 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 1553's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1553 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1553 (HK$1.67) is trading above our estimate of fair value (HK$1.47)

Significantly Below Fair Value: 1553 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Maike Tube Industry Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.2%

Forecasted Materials 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 Maike Tube Industry 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.


Discover growth companies

  • Examine Maike Tube Industry Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • Maike Tube Industry Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Maike Tube Industry Holdings performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1553 has a high level of non-cash earnings.

Growing Profit Margin: 1553's current net profit margins (6.5%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: 1553's earnings have grown significantly by 26.6% per year over the past 5 years.

Accelerating Growth: 1553's earnings growth over the past year (16.6%) is below its 5-year average (26.6% per year).

Earnings vs Industry: 1553 earnings growth over the past year (16.6%) underperformed the Metals and Mining industry 44.6%.


Return on Equity

High ROE: 1553's Return on Equity (13.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Maike Tube Industry Holdings's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1553's short term assets (CN¥817.7M) exceed its short term liabilities (CN¥381.5M).

Long Term Liabilities: 1553's short term assets (CN¥817.7M) exceed its long term liabilities (CN¥14.5M).


Debt to Equity History and Analysis

Debt Level: 1553's net debt to equity ratio (9.6%) is considered satisfactory.

Reducing Debt: 1553's debt to equity ratio has reduced from 148% to 20% over the past 5 years.

Debt Coverage: 1553's debt is not well covered by operating cash flow (13.6%).

Interest Coverage: 1553's interest payments on its debt are well covered by EBIT (20.7x coverage).


Balance Sheet


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Dividend

What is Maike Tube Industry Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.63%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 1553's dividend (5.63%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.85%).

High Dividend: 1553's dividend (5.63%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.26%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether 1553's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 1553's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.5%), 1553's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 1553 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Lei Guo (43 yo)

no data

Tenure

CN¥2,075,000

Compensation

Mr. Lei Guo is an Executive Director, Chief Executive Officer and General Manager at Maike Tube Industry Holdings Limited. He joined Maike Tube Industry Holdings Limited in October 2016 and was subsequentl...


CEO Compensation Analysis

Compensation vs Market: Lei's total compensation ($USD307.74K) is about average for companies of similar size in the Hong Kong market ($USD246.34K).

Compensation vs Earnings: Lei's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 1553's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: 1553's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


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

Maike Tube Industry Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Maike Tube Industry Holdings Limited
  • Ticker: 1553
  • Exchange: SEHK
  • Founded: 2013
  • Industry: Steel
  • Sector: Materials
  • Implied Market Cap: HK$724.446m
  • Shares outstanding: 433.80m
  • Website: https://www.mechpipingtech.com

Number of Employees


Location

  • Maike Tube Industry Holdings Limited
  • No. 4 Meide Street
  • Meigui Zone of Industrial Park
  • Jinan
  • Shandong Province
  • 250400
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/15 00:00
End of Day Share Price2022/08/15 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.