Lee and Man Paper Manufacturing Limited, an investment holding company, manufactures and trades in packaging papers, pulps, and tissue papers in the People’s Republic of China, Vietnam, Malaysia, and Hong Kong. More Details
Excellent balance sheet, good value and pays a dividend.
Share Price & News
How has Lee and Man Paper Manufacturing's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2314 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: 2314's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 2314 underperformed the Hong Kong Forestry industry which returned 22.4% over the past year.
Return vs Market: 2314 exceeded the Hong Kong Market which returned 8.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Lee and Man Paper Manufacturing's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall StLee and Man Paper Manufacturing's(HKG:2314) Share Price Is Down 32% Over The Past Three Years.
2 weeks ago | Simply Wall StCould The Lee and Man Paper Manufacturing Limited (HKG:2314) Ownership Structure Tell Us Something Useful?
Is Lee and Man Paper Manufacturing 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: 2314 (HK$6.3) is trading below our estimate of fair value (HK$7.87)
Significantly Below Fair Value: 2314 is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: 2314 is good value based on its PE Ratio (9.5x) compared to the XA Forestry industry average (17.1x).
PE vs Market: 2314 is good value based on its PE Ratio (9.5x) compared to the Hong Kong market (11.1x).
Price to Earnings Growth Ratio
PEG Ratio: 2314 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 2314 is overvalued based on its PB Ratio (1.1x) compared to the HK Forestry industry average (0.9x).
How is Lee and Man Paper Manufacturing forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2314's forecast earnings growth (10.4% per year) is above the savings rate (1.6%).
Earnings vs Market: 2314's earnings (10.4% per year) are forecast to grow slower than the Hong Kong market (22.1% per year).
High Growth Earnings: 2314's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2314's revenue (7.8% per year) is forecast to grow slower than the Hong Kong market (13.8% per year).
High Growth Revenue: 2314's revenue (7.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2314's Return on Equity is forecast to be low in 3 years time (11.8%).
How has Lee and Man Paper Manufacturing performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2314 has high quality earnings.
Growing Profit Margin: 2314's current net profit margins (11.4%) are lower than last year (12.4%).
Past Earnings Growth Analysis
Earnings Trend: 2314's earnings have grown by 8.9% per year over the past 5 years.
Accelerating Growth: 2314's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 2314 had negative earnings growth (-19.2%) over the past year, making it difficult to compare to the Forestry industry average (-10.2%).
Return on Equity
High ROE: 2314's Return on Equity (11.8%) is considered low.
How is Lee and Man Paper Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: 2314's short term assets (HK$11.9B) exceed its short term liabilities (HK$9.1B).
Long Term Liabilities: 2314's short term assets (HK$11.9B) exceed its long term liabilities (HK$8.3B).
Debt to Equity History and Analysis
Debt Level: 2314's debt to equity ratio (49.5%) is considered high.
Reducing Debt: 2314's debt to equity ratio has reduced from 67.4% to 49.5% over the past 5 years.
Debt Coverage: 2314's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 2314's interest payments on its debt are well covered by EBIT (15x coverage).
What is Lee and Man Paper Manufacturing current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2314's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.23%).
High Dividend: 2314's dividend (3.81%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.66%).
Stability and Growth of Payments
Stable Dividend: 2314's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2314's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.7%), 2314's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2314's dividends in 3 years are forecast to be well covered by earnings (37.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Man Bun Lee (40 yo)
Mr. Man Bun Lee, MH has been the Chief Executive Officer of Lee & Man Paper Manufacturing Limited since June 1, 2013. Mr. Lee served as General Manager of Lee & Man Paper Manufacturing Ltd. He served as Ma...
CEO Compensation Analysis
Compensation vs Market: Man Bun's total compensation ($USD2.13M) is above average for companies of similar size in the Hong Kong market ($USD660.36K).
Compensation vs Earnings: Man Bun's compensation has been consistent with company performance over the past year.
|Founder & Executive Chairman||7.42yrs||HK$16.50m||31.27% |
|CEO & Executive Director||7.42yrs||HK$16.50m||31.27% |
|Deputy GM & Executive Director||7.33yrs||HK$3.70m||0.11% |
|Independent Non-Executive Director||17.17yrs||HK$450.00k||no data|
|Non-Executive Director||15.75yrs||HK$295.00k||0.0023% |
|Independent Non-Executive Director||12.33yrs||HK$450.00k||no data|
|Independent Non-Executive Director||12.08yrs||HK$450.00k||no data|
Experienced Board: 2314's board of directors are seasoned and experienced ( 12.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 2314 insiders have bought and sold the same number of shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lee and Man Paper Manufacturing Limited's company bio, employee growth, exchange listings and data sources
- Name: Lee and Man Paper Manufacturing Limited
- Ticker: 2314
- Exchange: SEHK
- Founded: 1994
- Industry: Paper Products
- Sector: Materials
- Market Cap: HK$25.819b
- Shares outstanding: 4.35b
- Website: https://www.leemanpaper.com
Number of Employees
- Lee and Man Paper Manufacturing Limited
- Liven House
- 5th Floor
- Kwun Tong
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LMPM.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Sep 2003|
|2314||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Sep 2003|
|LMP||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Sep 2003|
|2314||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 2003|
|2314||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Sep 2003|
|LMPM.Y||OTCPK (Pink Sheets LLC)||SPON ADR||US||USD||Jul 2007|
Lee and Man Paper Manufacturing Limited, an investment holding company, manufactures and trades in packaging papers, pulps, and tissue papers in the People’s Republic of China, Vietnam, Malaysia, and Hong ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/23 12:39|
|End of Day Share Price||2020/11/23 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.