SEHK:1820

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Pacific Millennium Packaging Group

Executive Summary

Pacific Millennium Packaging Group Corporation, an investment holding company, manufactures and sells packaging materials in the People’s Republic of China. More Details


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

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

Stable Share Price: 1820 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: 1820's weekly volatility (1%) has been stable over the past year.


Market Performance


7 Day Return

4.7%

1820

0.1%

HK Packaging

2.2%

HK Market


1 Year Return

22.3%

1820

14.3%

HK Packaging

7.2%

HK Market

Return vs Industry: 1820 exceeded the Hong Kong Packaging industry which returned 12.2% over the past year.

Return vs Market: 1820 exceeded the Hong Kong Market which returned 7.5% over the past year.


Shareholder returns

1820IndustryMarket
7 Day4.7%0.1%2.2%
30 Day4.7%6.8%8.4%
90 Day16.4%17.8%15.6%
1 Year28.3%22.3%20.4%14.3%11.4%7.2%
3 Yearn/a-27.4%-37.2%-3.4%-13.5%
5 Yearn/a2.2%-17.7%65.4%37.4%

Long-Term 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

Valuation

Is Pacific Millennium Packaging Group undervalued compared to its fair value and its price relative to the market?

49.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1820 (HK$5.75) is trading below our estimate of fair value (HK$11.33)

Significantly Below Fair Value: 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 (17.8x) compared to the HK Packaging industry average (11.7x).

PE vs Market: 1820 is poor value based on its PE Ratio (17.8x) compared to the Hong Kong market (11.5x).


Price to Earnings Growth Ratio

PEG Ratio: 1820 is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: 1820 is overvalued based on its PB Ratio (2.3x) compared to the HK Packaging industry average (0.7x).


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?

14.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1820's forecast earnings growth (14.2% per year) is above the savings rate (1.5%).

Earnings vs Market: 1820's earnings (14.2% per year) are forecast to grow slower than the Hong Kong market (21% per year).

High Growth Earnings: 1820's earnings are forecast to grow, but not significantly.

Revenue vs Market: 1820's revenue (12.9% per year) is forecast to grow slower than the Hong Kong market (14.1% per year).

High Growth Revenue: 1820's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 1820's Return on Equity is forecast to be low in 3 years time (10.3%).


Next Steps

Past Performance

How has Pacific Millennium Packaging Group performed over the past 5 years?

11.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1820 has high quality earnings.

Growing Profit Margin: 1820's current net profit margins (4.1%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: 1820's earnings have grown by 11.6% per year over the past 5 years.

Accelerating Growth: 1820's earnings growth over the past year (13.8%) exceeds its 5-year average (11.6% per year).

Earnings vs Industry: 1820 earnings growth over the past year (13.8%) exceeded the Packaging industry 5.2%.


Return on Equity

High ROE: 1820's Return on Equity (12.7%) is considered low.


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¥892.5M) exceed its short term liabilities (CN¥707.2M).

Long Term Liabilities: 1820's short term assets (CN¥892.5M) exceed its long term liabilities (CN¥186.8M).


Debt to Equity History and Analysis

Debt Level: 1820's debt to equity ratio (43.7%) is considered high.

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 (56.7%).

Interest Coverage: 1820's interest payments on its debt are well covered by EBIT (5.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Pacific Millennium Packaging Group current dividend yield, its reliability and sustainability?

4.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1820's dividend (4.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.13%).

High Dividend: 1820's dividend (4.68%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).


Stability and Growth of Payments

Stable Dividend: 1820 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 1820's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.8%), 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 (24.9% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Pacific Millennium Packaging Group has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Hsien-Chun Cheng
Executive Chairman3yrsCN¥2.20mno data
Yanping Long
Corporate Controller3yrsno datano data
Tsung-Hsien Lan
Corporate Technical Director3yrsno datano data
Xiaogang Jiang
Corporate Human Resources & Administration Director3yrsno datano data
Kai Cheong Cheung
Company Secretaryno datano datano data

3.0yrs

Average Tenure

56yo

Average Age

Experienced Management: 1820's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hsien-Chun Cheng
Executive Chairman3yrsCN¥2.20mno data
Tien Sik Kiang
Independent Non-Executive Director2.17yrsCN¥211.00kno data
Jisheng Wang
Independent Non-Executive Director2.17yrsCN¥211.00kno data
Tien-Li Chow
Non-Executive Director3yrsCN¥211.00k0.75%
CN¥ 13.0m
Chung Wu Su
Independent Non-Executive Director2.17yrsCN¥211.00kno data
Philip Tan
Non-Executive Director1.08yrsCN¥6.00k0.48%
CN¥ 8.3m

2.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 1820's board of directors are not considered experienced ( 2.2 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$1.729b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1820SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 10:05
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.