Executive Summary
Pacific Millennium Packaging Group Corporation, an investment holding company, manufactures and sells packaging materials in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with excellent 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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
1820
1.5%
HK Packaging
0.3%
HK Market
1 Year Return
16.3%
1820
-27.7%
HK Packaging
-5.1%
HK Market
Return vs Industry: 1820 exceeded the Hong Kong Packaging industry which returned -27.7% over the past year.
Return vs Market: 1820 exceeded the Hong Kong Market which returned -5.1% over the past year.
Shareholder returns
| 1820 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 1.5% | 0.3% |
| 30 Day | -1.1% | -2.5% | -3.9% |
| 90 Day | 3.1% | -9.8% | 4.4% |
| 1 Year | 31.3%16.3% | -22.7%-27.7% | -1.6%-5.1% |
| 3 Year | n/a | -34.7%-41.4% | 13.4%1.9% |
| 5 Year | n/a | -29.2%-41.4% | 15.6%-3.6% |
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
Are Pacific Millennium Packaging Group Corporation’s Returns On Capital Worth Investigating?Valuation
Is Pacific Millennium Packaging Group undervalued compared to its fair value and its price relative to the market?
46.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1820 (HK$4.65) is trading below our estimate of fair value (HK$8.69)
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 (15.6x) compared to the Packaging industry average (11x).
PE vs Market: 1820 is poor value based on its PE Ratio (15.6x) compared to the Hong Kong market (10.2x).
Price to Earnings Growth Ratio
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 (1.6%).
Earnings vs Market: 1820's earnings (25.3% per year) are forecast to grow faster than the Hong Kong market (11.8% 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 (10.5% 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
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
Quality Earnings: 1820 has high quality earnings.
Growing Profit Margin: 1820's current net profit margins (3.4%) are lower than last year (4.1%).
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 (-13.2%).
Return on Equity
High ROE: 1820's Return on Equity (11.5%) is considered low.
Return on Assets
Return on Capital Employed
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) exceed its short term liabilities (CN¥696.3M).
Long Term Liabilities: 1820's short term assets (CN¥891.1M) exceed its long term liabilities (CN¥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 3.9x debt).
Next Steps
Dividend
What is Pacific Millennium Packaging Group's current dividend yield, its reliability and sustainability?
5.27%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 1820's dividend (5.27%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.28%).
High Dividend: 1820's dividend (5.27%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.28%).
Stability and Growth of Payments
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
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Pacific Millennium Packaging Group has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 2.1yrs | CN¥1.00m | no data | |
| Corporate Controller | 2.1yrs | no data | no data | |
| Corporate Technical Director | 2.1yrs | no data | no data | |
| Corporate Human Resources & Administration Director | 2.1yrs | no data | no data | |
| Company Secretary | 0yrs | no data | no data |
2.1yrs
Average Tenure
55yo
Average Age
Experienced Management: 1820's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 2.1yrs | CN¥1.00m | no data | |
| Independent Non-Executive Director | 1.3yrs | CN¥6.00k | no data | |
| Independent Non-Executive Director | 1.3yrs | CN¥6.00k | no data | |
| Non-Executive Director | 2.1yrs | CN¥6.00k | no data | |
| Independent Non-Executive Director | 1.3yrs | CN¥6.00k | no data | |
| Non-Executive Director | 0.2yrs | no data | no data |
1.3yrs
Average Tenure
63yo
Average Age
Experienced Board: 1820's board of directors are not considered experienced ( 1.3 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 been diluted in the past year, with total shares outstanding growing by 17.7%.
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$1.398b
- Shares outstanding: 300.63m
- Website: https://www.pmpgc.com
Number of Employees
Location
- Pacific Millennium Packaging Group Corporation
- 21 Floor, Tower 2
- Suite 2104
- Hong Kong
- 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 corrugated boxes, display boxes, paper pallets, display stands, heavy duty packaging, and specialized packaging products; and corrugated sheet boards. The company also provides integrated packaging services. It serves customers in food and beverages, non-food and beverage consumables, home appliances and electronics, durable goods and garments, industry and machinery, e-commerce, and express delivery industries. The company was founded in 1994 and is headquartered in Shanghai, the People’s Republic of China. Pacific Millennium Packaging Group Corporation is a subsidiary of Pacific Millennium Holdings Corporation.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/20 13:19 |
| End of Day Share Price | 2020/02/19 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.