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1817

Mulsanne Group Holding SEHK:1817 Stock Report

Last Price

HK$3.66

Market Cap

HK$3.5b

7D

3.7%

1Y

-43.8%

Updated

28 Jun, 2022

Data

Company Financials
1817 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

1817 Stock Overview

Mulsanne Group Holding Limited, an investment holding company, engages in the design, marketing, and sale of apparel products for men, women, and children in Mainland China and Macau.

Mulsanne Group Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Mulsanne Group Holding
Historical stock prices
Current Share PriceHK$3.66
52 Week HighHK$7.53
52 Week LowHK$3.35
Beta0.28
1 Month Change-8.50%
3 Month Change-1.08%
1 Year Change-43.78%
3 Year Change-19.91%
5 Year Changen/a
Change since IPO-18.67%

Recent News & Updates

May 13
Mulsanne Group Holding (HKG:1817) Will Be Hoping To Turn Its Returns On Capital Around

Mulsanne Group Holding (HKG:1817) Will Be Hoping To Turn Its Returns On Capital Around

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...

Apr 07
Is Mulsanne Group Holding (HKG:1817) A Risky Investment?

Is Mulsanne Group Holding (HKG:1817) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Shareholder Returns

1817HK Specialty RetailHK Market
7D3.7%2.1%1.7%
1Y-43.8%-28.4%-21.2%

Return vs Industry: 1817 underperformed the Hong Kong Specialty Retail industry which returned -28.4% over the past year.

Return vs Market: 1817 underperformed the Hong Kong Market which returned -21.2% over the past year.

Price Volatility

Is 1817's price volatile compared to industry and market?
1817 volatility
1817 Average Weekly Movement7.3%
Specialty Retail Industry Average Movement7.0%
Market Average Movement6.9%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.4%

Stable Share Price: 1817 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: 1817's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007832Yong Yuhttps://www.gxggroup.cn

Mulsanne Group Holding Limited, an investment holding company, engages in the design, marketing, and sale of apparel products for men, women, and children in Mainland China and Macau. It also offers sportswear. The company provides its products under the GXG, gxg jeans, gxg.kids, Yatlas, Mode Commuter, 2XU, and other brands.

Mulsanne Group Holding Fundamentals Summary

How do Mulsanne Group Holding's earnings and revenue compare to its market cap?
1817 fundamental statistics
Market CapCN¥2.97b
Earnings (TTM)-CN¥89.68m
Revenue (TTM)CN¥2.70b

1.1x

P/S Ratio

-33.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
1817 income statement (TTM)
RevenueCN¥2.70b
Cost of RevenueCN¥1.37b
Gross ProfitCN¥1.33b
Other ExpensesCN¥1.42b
Earnings-CN¥89.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.094
Gross Margin49.27%
Net Profit Margin-3.33%
Debt/Equity Ratio143.1%

How did 1817 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is 1817 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1817?

Other financial metrics that can be useful for relative valuation.

1817 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA48.6x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 1817's PS Ratio compare to its peers?

1817 PS Ratio vs Peers
The above table shows the PS ratio for 1817 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2x
709 Giordano International
0.9x9.0%HK$2.9b
1223 Symphony Holdings
6.3xn/aHK$3.1b
3813 Pou Sheng International (Holdings)
0.2x12.0%HK$4.7b
330 Esprit Holdings
0.5xn/aHK$3.8b
1817 Mulsanne Group Holding
1.1xn/aHK$3.5b

Price-To-Sales vs Peers: 1817 is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2x).


Price to Earnings Ratio vs Industry

How does 1817's PE Ratio compare vs other companies in the HK Specialty Retail Industry?

Price-To-Sales vs Industry: 1817 is expensive based on its Price-To-Sales Ratio (1.1x) compared to the Hong Kong Specialty Retail industry average (0.7x)


Price to Sales Ratio vs Fair Ratio

What is 1817's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1817 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1817's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of 1817 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1817 (HK$3.66) is trading above our estimate of fair value (HK$0.19)

Significantly Below Fair Value: 1817 is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1817's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


21.7%

Forecasted Retail 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 Mulsanne Group Holding 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.


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  • Take a look at our analysis of 1817’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Mulsanne Group Holding competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Mulsanne Group Holding performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-62.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 1817 is currently unprofitable.

Growing Profit Margin: 1817 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 1817 is unprofitable, and losses have increased over the past 5 years at a rate of 62.5% per year.

Accelerating Growth: Unable to compare 1817's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 1817 is unprofitable, making it difficult to compare its past year earnings growth to the Specialty Retail industry (46.2%).


Return on Equity

High ROE: 1817 has a negative Return on Equity (-12.34%), as it is currently unprofitable.


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Financial Health

How is Mulsanne Group Holding's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 1817's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥2.0B).

Long Term Liabilities: 1817's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥255.8M).


Debt to Equity History and Analysis

Debt Level: 1817's net debt to equity ratio (51.6%) is considered high.

Reducing Debt: 1817's debt to equity ratio has increased from 19% to 143.1% over the past 5 years.

Debt Coverage: 1817's debt is not well covered by operating cash flow (16.8%).

Interest Coverage: 1817's interest payments on its debt are not well covered by EBIT (0.3x coverage).


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1817's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 1817'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 1817's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1817's dividend payments have been increasing.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 1817 has not reported any payouts.


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Management

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

3.2yrs

Average management tenure


CEO

Yong Yu (43 yo)

15.25yrs

Tenure

Mr. Yong Yu serves as an Executive Director and the Chief Executive Officer of Mulsanne Group Holding Ltd since August 27, 2018. Mr. Yu is principally responsible for formulating the development strategies...


Leadership Team

Experienced Management: 1817's management team is considered experienced (3.2 years average tenure).


Board Members

Experienced Board: 1817's board of directors are considered experienced (3.2 years average tenure).


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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mulsanne Group Holding Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mulsanne Group Holding Limited
  • Ticker: 1817
  • Exchange: SEHK
  • Founded: 2007
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: HK$3.477b
  • Shares outstanding: 950.00m
  • Website: https://www.gxggroup.cn

Number of Employees


Location

  • Mulsanne Group Holding Limited
  • No. 111, Shanshan Road
  • Wangchun Industrial Park
  • Ningbo
  • Zhejiang Province
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.