Executive Summary
Pacific Millennium Packaging Group Corporation, an investment holding company, manufactures and sells packaging materials in the People’s Republic of China.
Snowflake
Fundamentals
High growth potential with excellent balance sheet.
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Share Price & News
How has Pacific Millennium Packaging Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.2%
1820
1.1%
HK Packaging
0.9%
HK Market
1 Year Return
n/a
1820
-20.5%
HK Packaging
0.6%
HK Market
Return vs Industry: Insufficient data to determine how 1820 performed against the Hong Kong Packaging industry.
Return vs Market: Insufficient data to determine how 1820 performed against the Hong Kong Market.
Shareholder returns
| 1820 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 1.1% | 0.9% |
| 30 Day | 0% | -0.5% | 0.4% |
| 90 Day | -2.4% | -11.5% | -5.5% |
| 1 Year | n/a | -15.5%-20.5% | 4.2%0.6% |
| 3 Year | n/a | -30.6%-38.0% | 15.5%3.9% |
| 5 Year | n/a | -20.9%-36.1% | 19.9%-0.1% |
Price Volatility Vs. Market
How volatile is Pacific Millennium Packaging Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
With A Return On Equity Of 12%, Has Pacific Millennium Packaging Group Corporation's (HKG:1820) Management Done Well?1 month ago | Simply Wall St
Should You Be Holding Pacific Millennium Packaging Group Corporation (HKG:1820)?1 month ago | Simply Wall St
Don't Sell Pacific Millennium Packaging Group Corporation (HKG:1820) Before You Read ThisValuation
Is Pacific Millennium Packaging Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: 1820 (HK$4.49) is trading below our estimate of fair value (HK$9)
Significantly Undervalued: 1820 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1820 is poor value based on its PE Ratio (15.1x) compared to the Packaging industry average (12.8x).
PE vs Market: 1820 is poor value based on its PE Ratio (15.1x) compared to the Hong Kong market (10.3x).
Price to Earnings Growth Ratio
Low PEG Ratio: 1820 is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 1820 is overvalued based on its PB Ratio (2x) compared to the HK Packaging industry average (0.6x).
Next Steps
Future Growth
How is Pacific Millennium Packaging Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
25.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1820's forecast earnings growth (25.3% per year) is above the savings rate (2%).
Earnings vs Market: 1820's earnings (25.3% per year) are forecast to grow faster than the Hong Kong market (11.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1820's revenue (21.4% per year) is forecast to grow faster than the Hong Kong market (10.2% per year).
High Growth Revenue: 1820's revenue (21.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: 1820's Return on Equity is forecast to be low in 3 years time (13.8%).
Next Steps
Past Performance
How has Pacific Millennium Packaging Group performed over the past 5 years?
19.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1820's earnings have grown by 19.5% per year over the past 5 years.
Accelerating Growth: 1820's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1820 had negative earnings growth (-5.6%) over the past year, making it difficult to compare to the Packaging industry average (-9.4%).
Return on Equity
High ROE: 1820's Return on Equity (11.5%) is considered low.
Return on Assets
ROA vs Industry: 1820 has a higher Return on Assets than the Packaging industry average last year.
Return on Capital Employed
ROCE Improving: 1820 has improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Pacific Millennium Packaging Group's financial position?
Financial Position Analysis
Short Term Liabilities: 1820's short term assets (CN¥891.1M) exceeds its short term liabilities (CN¥696.3M)
Long Term Liabilities: 1820's short term assets (891.1M) exceeds its long term liabilities (230.8M)
Debt to Equity History and Analysis
Debt Level: 1820's debt to equity ratio (36.5%) is considered satisfactory
Reducing Debt: Insufficient data to determine if 1820's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 1820's debt is well covered by operating cash flow (53.6%).
Interest Coverage: 1820's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
Inventory Level: 1820 has a high level of physical assets or inventory.
Debt Coverage by Assets: 1820's debt is covered by short term assets (assets are 3.941700x debt).
Next Steps
Dividend
What is Pacific Millennium Packaging Group's current dividend yield, its reliability and sustainability?
2.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: 1820's dividend (2.17%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 1820's dividend (2.17%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).
Stable Dividend: Too early to tell whether 1820's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 1820's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.6%), 1820's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1820's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).
Next Steps
Management
What is the CEO of Pacific Millennium Packaging Group's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
Pacific Millennium Packaging Group has no CEO, or we have no data on them.
Management Age and Tenure
1.8yrs
Average Tenure
55yo
Average Age
Experienced Management: 1820's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
0.9yrs
Average Tenure
63yo
Average Age
Experienced Board: 1820's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Willie Cheung (44yo)
Company Secretary
- Tenure: 0yrs
Jerry Cheng (63yo)
Executive Chairman
- Tenure: 1.8yrs
Bruce Lan (63yo)
Corporate Technical Director
- Tenure: 1.8yrs
Kelly Long (55yo)
Corporate Controller
- Tenure: 1.8yrs
Justin Jiang (55yo)
Corporate Human Resources & Administration Director
- Tenure: 1.8yrs
Board Members
David Kiang (72yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
Jisheng Wang (66yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
Jerry Cheng (63yo)
Executive Chairman
- Tenure: 1.8yrs
Tenor Chow (62yo)
Non-Executive Director
- Tenure: 1.8yrs
Morley Su (63yo)
Independent Non-Executive Director
- Tenure: 0.9yrs
Company Information
Pacific Millennium Packaging Group Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pacific Millennium Packaging Group Corporation
- Ticker: 1820
- Exchange: SEHK
- Founded: 1994
- Industry: Paper Packaging
- Sector: Materials
- Market Cap: HK$1.350b
- Shares outstanding: 300.63m
- Website: https://www.pmpgc.com
Number of Employees
Location
- Pacific Millennium Packaging Group Corporation
- A303, Block 2
- 3rd Floor
- Shanghai
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1820 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2018 |
Biography
Pacific Millennium Packaging Group Corporation, an investment holding company, manufactures and sells packaging materials in the People’s Republic of China. It offers corrugated packaging products, such as ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 13:01 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.