SEHK:8349

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MEIGU Technology Holding Group

Executive Summary

MEIGU Technology Holding Group Limited, an investment holding company, engages in the research and development, production, and sale of fiberglass reinforced plastic products (FRP) in the People’s Republic of China.


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

How has MEIGU Technology Holding Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8349's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.1%

8349

-3.5%

HK Chemicals

0.8%

HK Market


1 Year Return

286.7%

8349

-11.3%

HK Chemicals

6.9%

HK Market

Return vs Industry: 8349 exceeded the Hong Kong Chemicals industry which returned -11.5% over the past year.

Return vs Market: 8349 exceeded the Hong Kong Market which returned 6.6% over the past year.


Shareholder returns

8349IndustryMarket
7 Day2.1%-3.5%0.8%
30 Day-1.0%-3.7%-0.5%
90 Day-22.7%6.9%9.8%
1 Year286.7%286.7%-6.1%-11.3%11.3%6.9%
3 Year-77.5%-77.5%-29.4%-41.3%3.3%-7.7%
5 Yearn/a-1.2%-22.0%22.6%1.9%

Price Volatility Vs. Market

How volatile is MEIGU Technology Holding Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MEIGU Technology Holding Group undervalued compared to its fair value and its price relative to the market?

42.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 8349's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 8349's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 8349 is poor value based on its PE Ratio (42.3x) compared to the HK Chemicals industry average (6.5x).

PE vs Market: 8349 is poor value based on its PE Ratio (42.3x) compared to the Hong Kong market (10.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8349's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8349 is overvalued based on its PB Ratio (3.2x) compared to the HK Chemicals industry average (0.7x).


Next Steps

Future Growth

How is MEIGU Technology Holding Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.7%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MEIGU Technology Holding Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MEIGU Technology Holding Group performed over the past 5 years?

35.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8349 has high quality earnings.

Growing Profit Margin: 8349's current net profit margins (5.3%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: 8349's earnings have grown significantly by 35% per year over the past 5 years.

Accelerating Growth: 8349's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8349 had negative earnings growth (-6.6%) over the past year, making it difficult to compare to the Chemicals industry average (-9.6%).


Return on Equity

High ROE: 8349's Return on Equity (7.5%) is considered low.


Next Steps

Financial Health

How is MEIGU Technology Holding Group's financial position?


Financial Position Analysis

Short Term Liabilities: 8349's short term assets (CN¥56.5M) exceed its short term liabilities (CN¥13.3M).

Long Term Liabilities: 8349's short term assets (CN¥56.5M) exceed its long term liabilities (CN¥4.5M).


Debt to Equity History and Analysis

Debt Level: 8349's debt to equity ratio (8.9%) is considered satisfactory.

Reducing Debt: 8349's debt to equity ratio has reduced from 94.1% to 8.9% over the past 5 years.

Debt Coverage: 8349's debt is well covered by operating cash flow (77.8%).

Interest Coverage: 8349's interest payments on its debt are well covered by EBIT (30.4x coverage).


Balance Sheet


Next Steps

Dividend

What is MEIGU Technology Holding Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8349's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8349's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 8349's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8349's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8349's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

7.3yrs

Average management tenure


CEO

Guitang Jiang (54 yo)

17.33yrs

Tenure

CN¥646,000

Compensation

Mr. Jiang Guitang has been the Chief Executive Officer of MEIGU Technology Holding Group Limited since April 2003 and its Executive Director since March 16, 2016. Mr. Jiang serves as the General Manager of ...


CEO Compensation Analysis

Compensation vs Market: Guitang's total compensation ($USD92.94K) is below average for companies of similar size in the Hong Kong market ($USD230.03K).

Compensation vs Earnings: Guitang's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dong Cheng
Executive Chairman & VP of Sales4.17yrsCN¥432.00kno data
Guitang Jiang
CEO & Executive Director17.33yrsCN¥646.00k40.9%
CN¥ 81.0m
Dongying Shi
Compliance Officer & Executive Director4.25yrsCN¥128.00kno data
Chi Ho Ng
Company Secretary3.67yrsno datano data

7.3yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 8349's management team is seasoned and experienced (7.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dong Cheng
Executive Chairman & VP of Sales4.17yrsCN¥432.00kno data
Guitang Jiang
CEO & Executive Director17.33yrsCN¥646.00k40.9%
CN¥ 81.0m
Dongying Shi
Compliance Officer & Executive Director4.25yrsCN¥128.00kno data
Tak Kei Tam
Independent Non-Executive Director3.67yrsCN¥106.00kno data
Xin Huang
Independent Non-Executive Director3.67yrsCN¥106.00kno data
Sai Leung Ng
Independent Non-Executive Director3.67yrsCN¥106.00kno data
Guangquan Lin
Director of Nantong Meiguno datano datano data
Qixian Shen
Director of Nantong Meiguno dataCN¥144.00kno data

3.9yrs

Average Tenure

46yo

Average Age

Experienced Board: 8349's board of directors are considered experienced (3.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 8349 insiders have only sold shares 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

MEIGU Technology Holding Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MEIGU Technology Holding Group Limited
  • Ticker: 8349
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: HK$198.000m
  • Shares outstanding: 400.00m
  • Website: https://www.nantongrate.com

Number of Employees


Location

  • MEIGU Technology Holding Group Limited
  • Haimen Economic Development Zone
  • 66 Oujiang Road
  • Nantong
  • Jiangsu Province
  • 226100
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8349SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2017

Biography

MEIGU Technology Holding Group Limited, an investment holding company, engages in the research and development, production, and sale of fiberglass reinforced plastic products (FRP) in the People’s Republic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:25
End of Day Share Price2020/08/14 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.