China MeiDong Auto Holdings Limited, an investment holding company, operates as an automobile dealer in the People’s Republic of China. More Details
No risks detected for 1268 from our risk checks.
Exceptional growth potential with flawless balance sheet.
Share Price & News
How has China MeiDong Auto Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1268 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 1268's weekly volatility (6%) has been stable over the past year.
7 Day Return
HK Specialty Retail
1 Year Return
HK Specialty Retail
Return vs Industry: 1268 exceeded the Hong Kong Specialty Retail industry which returned 52.1% over the past year.
Return vs Market: 1268 exceeded the Hong Kong Market which returned 8.7% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is China MeiDong Auto Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Investors Own Most Of China MeiDong Auto Holdings Limited (HKG:1268)?
4 weeks ago | Simply Wall StShould You Review Recent Insider Transactions At China MeiDong Auto Holdings Limited (HKG:1268)?
1 month ago | Simply Wall StUnder The Bonnet, China MeiDong Auto Holdings' (HKG:1268) Returns Look Impressive
Is China MeiDong Auto Holdings 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: 1268 (HK$40.8) is trading below our estimate of fair value (HK$53.87)
Significantly Below Fair Value: 1268 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1268 is poor value based on its PE Ratio (54.5x) compared to the Hong Kong Specialty Retail industry average (13.3x).
PE vs Market: 1268 is poor value based on its PE Ratio (54.5x) compared to the Hong Kong market (10.8x).
Price to Earnings Growth Ratio
PEG Ratio: 1268 is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: 1268 is overvalued based on its PB Ratio (13.1x) compared to the HK Specialty Retail industry average (1.2x).
How is China MeiDong Auto Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1268's forecast earnings growth (32.8% per year) is above the savings rate (1.5%).
Earnings vs Market: 1268's earnings (32.8% per year) are forecast to grow faster than the Hong Kong market (18.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 1268's revenue (24.5% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).
High Growth Revenue: 1268's revenue (24.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1268's Return on Equity is forecast to be high in 3 years time (37.5%)
How has China MeiDong Auto Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1268 has high quality earnings.
Growing Profit Margin: 1268's current net profit margins (3.7%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: 1268's earnings have grown significantly by 36.4% per year over the past 5 years.
Accelerating Growth: 1268's earnings growth over the past year (36.2%) is below its 5-year average (36.4% per year).
Earnings vs Industry: 1268 earnings growth over the past year (36.2%) exceeded the Specialty Retail industry 11.7%.
Return on Equity
High ROE: 1268's Return on Equity (23%) is considered high.
How is China MeiDong Auto Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1268's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 1268's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 1268's debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: 1268's debt to equity ratio has reduced from 98% to 28.6% over the past 5 years.
Debt Coverage: 1268's debt is well covered by operating cash flow (124.5%).
Interest Coverage: 1268's interest payments on its debt are well covered by EBIT (10.4x coverage).
What is China MeiDong Auto Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 1268's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.05%).
High Dividend: 1268's dividend (1.14%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.48%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 1268 has been paying a dividend for less than 10 years.
Growing Dividend: 1268's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.1%), 1268's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1268's dividends in 3 years are forecast to be covered by earnings (61.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Tao Ye (54 yo)
Mr. Tao Ye has been the Chief Executive Officer of China MeiDong Auto Holdings Limited since 2008 and Executive Director since November 24, 2012. Mr. Ye is responsible for overseeing the daily operations a...
CEO Compensation Analysis
Compensation vs Market: Tao's total compensation ($USD752.26K) is above average for companies of similar size in the Hong Kong market ($USD522.93K).
Compensation vs Earnings: Tao's compensation has been consistent with company performance over the past year.
Experienced Board: 1268's board of directors are considered experienced (6.2 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
China MeiDong Auto Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: China MeiDong Auto Holdings Limited
- Ticker: 1268
- Exchange: SEHK
- Founded: 2003
- Industry: Automotive Retail
- Sector: Retail
- Market Cap: HK$50.798b
- Shares outstanding: 1.25b
- Website: https://www.meidongauto.com
Number of Employees
- China MeiDong Auto Holdings Limited
- Unit A1, Tian An Tech Industry Building
- 13th Floor
- Guangdong Province
China MeiDong Auto Holdings Limited, an investment holding company, operates as an automobile dealer in the People’s Republic of China. The company is involved in the sale of new passenger cars and spare p...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/03 17:28|
|End of Day Share Price||2021/08/03 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.