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 and Vietnam.
Excellent balance sheet average dividend payer.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 2314 underperformed the Hong Kong Forestry industry which returned -16.7% over the past year.
Return vs Market: 2314 underperformed the Hong Kong Market which returned -2.9% over the past year.
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
1 week ago | Simply Wall StIs Lee and Man Paper Manufacturing Limited (HKG:2314) Overpaying Its CEO?
3 weeks ago | Simply Wall StLee and Man Paper Manufacturing (HKG:2314) Takes On Some Risk With Its Use Of Debt
1 month ago | Simply Wall StDoes This Valuation Of Lee and Man Paper Manufacturing Limited (HKG:2314) Imply Investors Are Overpaying?
Is Lee and Man Paper Manufacturing undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 2314 (HK$5.6) is trading above our estimate of fair value (HK$2.68)
Significantly Below Fair Value: 2314 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 2314 is good value based on its PE Ratio (6.9x) compared to the Forestry industry average (8.4x).
PE vs Market: 2314 is good value based on its PE Ratio (6.9x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: 2314 is poor value based on its PEG Ratio (3.8x)
Price to Book Ratio
PB vs Industry: 2314 is overvalued based on its PB Ratio (0.9x) 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 18 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2314's forecast earnings growth (1.8% per year) is above the savings rate (1.6%).
Earnings vs Market: 2314's earnings (1.8% per year) are forecast to grow slower than the Hong Kong market (11.7% per year).
High Growth Earnings: 2314's earnings are forecast to grow, but not significantly.
Revenue vs Market: 2314's revenue (5.8% per year) is forecast to grow slower than the Hong Kong market (10.5% per year).
High Growth Revenue: 2314's revenue (5.8% 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 (10.3%).
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 (12.4%) are lower than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: 2314's earnings have grown significantly by 22% 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 (-38.6%) over the past year, making it difficult to compare to the Forestry industry average (-38.6%).
Return on Equity
High ROE: 2314's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Lee and Man Paper Manufacturing's financial position?
Financial Position Analysis
Short Term Liabilities: 2314's short term assets (HK$15.4B) exceed its short term liabilities (HK$10.1B).
Long Term Liabilities: 2314's short term assets (HK$15.4B) exceed its long term liabilities (HK$9.5B).
Debt to Equity History and Analysis
Debt Level: 2314's debt to equity ratio (54.1%) is considered high.
Reducing Debt: 2314's debt to equity ratio has reduced from 74.3% to 54.1% over the past 5 years.
Debt Coverage: 2314's debt is well covered by operating cash flow (48%).
Interest Coverage: 2314's interest payments on its debt are well covered by EBIT (11.1x coverage).
Inventory Level: 2314 has a high level of physical assets or inventory.
Debt Coverage by Assets: 2314's debt is covered by short term assets (assets are 1.1x debt).
What is Lee and Man Paper Manufacturing's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 2314's dividend (4.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.27%).
High Dividend: 2314's dividend (4.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.34%).
Stability and Growth of Payments
Stable Dividend: 2314's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2314's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.3%), 2314's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2314's dividends in 3 years are forecast to be well covered by earnings (29.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Man Bun Lee (39yo)
Mr. Man Bun Lee, MH has been the Chief Executive Officer of Lee & Man Paper Manufacturing Limited since June 1, 2013. Mr. Lee served as General Manager of Lee & Man Paper Manufacturing Ltd. He served as Ma ...
CEO Compensation Analysis
Compensation vs Market: Man Bun's total compensation ($USD2.12M) is above average for companies of similar size in the Hong Kong market ($USD553.49K).
Compensation vs Earnings: Man Bun's compensation has been consistent with company performance over the past year.
|Founder & Executive Chairman||6.7yrs||HK$16.50m||31.12% HK$7.6b|
|CEO & Executive Director||6.7yrs||HK$16.50m||28.92% HK$7.1b|
|Deputy GM & Executive Director||6.6yrs||HK$3.70m||0.10% HK$25.6m|
|Independent Non-Executive Director||16.4yrs||HK$450.00k||no data|
|Non-Executive Director||15yrs||no data||0.0023% HK$560.0k|
|Independent Non-Executive Director||11.6yrs||HK$450.00k||no data|
|Independent Non-Executive Director||11.3yrs||HK$450.00k||no data|
Experienced Board: 2314's board of directors are seasoned and experienced ( 11.5 years average tenure).
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.
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$24.454b
- Shares outstanding: 4.37b
- 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 and Vietnam. It operates through Packaging Paper, Pulp, and Tissue Paper segments. It offers various pulp products, such as dissolved pulps for use in viscose chemical fibers, bamboo fibers, glass papers, acetate fibers, refined rayons, etc.; unbleached bamboo kraft pulps for use in ecru life papers, environmental table wares, food bags, etc.; and bleached bamboo kraft pulps for use in tissue papers, fine papers, cigarette papers, cup papers, etc. The company also provides containerboard products, including kraft and test linerboards for use in cartons, paper bags, file boxes, paperboards, wall papers, etc.; and corrugating liners for use in corrugated layer and septi-layer of paperboards, and honeycomb-like products. In addition, it offers white lined chipboards and environment friendly white linerboard coated products for use in graphic cartons, color card printing, and offset printing, as well as in packaging of commodities, household appliances, IT products, medicine/health care products, food products, toys, gifts, ceramic products, stationery products, beverages, etc.; unbleached paper for use in various applications, such as baby care, menstruation, facial, sensitive skin, table, kitchen, etc.; and toilet rolls for wiping and cleaning of hands, faces, food, etc., as well as procures raw materials. The company was founded in 1994 and is based in Kwun Tong, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 12:45|
|End of Day Share Price||2020/02/14 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.