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Mi Ming Mart Holdings

SEHK:8473
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8473
SEHK
HK$308M
Market Cap
  1. Home
  2. HK
  3. Retail
Company description

Mi Ming Mart Holdings Limited, an investment holding company, engages in the retail of multi-brand beauty and health products in Hong Kong. The last earnings update was 23 days ago. More info.


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8473 Share Price and Events
7 Day Returns
3.7%
SEHK:8473
0.7%
HK Specialty Retail
-0.2%
HK Market
1 Year Returns
9.8%
SEHK:8473
-7.8%
HK Specialty Retail
-4.5%
HK Market
8473 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mi Ming Mart Holdings (8473) 3.7% -6.7% -11.1% 9.8% - -
HK Specialty Retail 0.7% 7.4% -8.6% -7.8% 18.6% -22.1%
HK Market -0.2% 2.7% -8.3% -4.5% 16.5% 1%
1 Year Return vs Industry and Market
  • 8473 outperformed the Specialty Retail industry which returned -7.8% over the past year.
  • 8473 outperformed the Market in Hong Kong which returned -4.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

8473 Value

 Is Mi Ming Mart Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Mi Ming Mart Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Mi Ming Mart Holdings.

SEHK:8473 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:8473
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.832 (1 + (1- 25%) (0%))
0.887
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.887 * 6.65%)
7.9%

Discounted Cash Flow Calculation for SEHK:8473 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Mi Ming Mart Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:8473 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.9%)
2020 46.69 Est @ 72.13% 43.27
2021 70.54 Est @ 51.09% 60.58
2022 96.19 Est @ 36.37% 76.57
2023 121.25 Est @ 26.06% 89.45
2024 144.10 Est @ 18.84% 98.51
2025 163.97 Est @ 13.79% 103.89
2026 180.78 Est @ 10.25% 106.15
2027 194.85 Est @ 7.78% 106.03
2028 206.62 Est @ 6.05% 104.20
2029 216.61 Est @ 4.83% 101.24
Present value of next 10 years cash flows HK$889.89
SEHK:8473 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$216.61 × (1 + 2%) ÷ (7.9% – 2%)
HK$3,744.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,744.98 ÷ (1 + 7.9%)10
HK$1,750.33
SEHK:8473 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$889.89 + HK$1,750.33
HK$2,640.22
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,640.22 / 1,120.00
HK$2.36
SEHK:8473 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.36
Current discount Discount to share price of HK$0.28
= -1 x (HK$0.28 - HK$2.36) / HK$2.36
88.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Mi Ming Mart Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.28 vs Future cash flow value of HK$2.36
Current Discount Checks
For Mi Ming Mart Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Mi Ming Mart Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Mi Ming Mart Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Mi Ming Mart Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mi Ming Mart Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:8473 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in HKD HK$0.02
SEHK:8473 Share Price ** SEHK (2019-07-19) in HKD HK$0.28
Hong Kong Specialty Retail Industry PE Ratio Median Figure of 35 Publicly-Listed Specialty Retail Companies 11.4x
Hong Kong Market PE Ratio Median Figure of 1,510 Publicly-Listed Companies 10.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Mi Ming Mart Holdings.

SEHK:8473 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:8473 Share Price ÷ EPS (both in HKD)

= 0.28 ÷ 0.02

11.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mi Ming Mart Holdings is good value based on earnings compared to the HK Specialty Retail industry average.
  • Mi Ming Mart Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Mi Ming Mart Holdings's expected growth come at a high price?
Raw Data
SEHK:8473 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-12.4%per year
Hong Kong Specialty Retail Industry PEG Ratio Median Figure of 12 Publicly-Listed Specialty Retail Companies 0.82x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Mi Ming Mart Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mi Ming Mart Holdings's assets?
Raw Data
SEHK:8473 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in HKD HK$0.10
SEHK:8473 Share Price * SEHK (2019-07-19) in HKD HK$0.28
Hong Kong Specialty Retail Industry PB Ratio Median Figure of 58 Publicly-Listed Specialty Retail Companies 0.9x
Hong Kong Market PB Ratio Median Figure of 2,197 Publicly-Listed Companies 0.92x
SEHK:8473 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:8473 Share Price ÷ Book Value per Share (both in HKD)

= 0.28 ÷ 0.10

2.7x

* Primary Listing of Mi Ming Mart Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Mi Ming Mart Holdings is overvalued based on assets compared to the HK Specialty Retail industry average.
X
Value checks
We assess Mi Ming Mart Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Mi Ming Mart Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

8473 Future Performance

 How is Mi Ming Mart Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Mi Ming Mart Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-12.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mi Ming Mart Holdings expected to grow at an attractive rate?
  • Mi Ming Mart Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2%.
Growth vs Market Checks
  • Mi Ming Mart Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Hong Kong market average.
  • Unable to compare Mi Ming Mart Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:8473 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:8473 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -12.4%
Hong Kong Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 16.9%
Hong Kong Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:8473 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:8473 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-03-31 150 30 28
2018-12-31 144 15
2018-09-30 137 14 11
2018-06-30 130 8
2018-03-31 123 10 6
2017-12-31 113 10
2017-09-30 111 5 10
2017-06-30 105 9
2017-03-31 103 4 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Mi Ming Mart Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Mi Ming Mart Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:8473 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mi Ming Mart Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8473 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-03-31 0.02
2018-12-31 0.01
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Mi Ming Mart Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Mi Ming Mart Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Mi Ming Mart Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

8473 Past Performance

  How has Mi Ming Mart Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Mi Ming Mart Holdings's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Mi Ming Mart Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Mi Ming Mart Holdings's 1-year earnings growth exceeds its 5-year average (357.8% vs 14.4%)
  • Mi Ming Mart Holdings's earnings growth has exceeded the HK Specialty Retail industry average in the past year (357.8% vs 8.5%).
Earnings and Revenue History
Mi Ming Mart Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Mi Ming Mart Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:8473 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 149.71 27.63 60.25
2018-12-31 144.33 14.82 57.80
2018-09-30 136.85 11.04 56.72
2018-06-30 129.59 7.88 54.82
2018-03-31 123.40 6.04 53.00
2017-12-31 112.56 10.07 48.79
2017-09-30 111.35 10.31 47.69
2017-06-30 104.85 8.82 44.89
2017-03-31 103.42 9.60 41.36
2016-03-31 82.11 17.59 29.25
2015-03-31 48.60 7.28 18.12

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Mi Ming Mart Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Mi Ming Mart Holdings used its assets more efficiently than the HK Specialty Retail industry average last year based on Return on Assets.
  • Mi Ming Mart Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mi Ming Mart Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Mi Ming Mart Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

8473 Health

 How is Mi Ming Mart Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Mi Ming Mart Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mi Ming Mart Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mi Ming Mart Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mi Ming Mart Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Mi Ming Mart Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mi Ming Mart Holdings Company Filings, last reported 3 months ago.

SEHK:8473 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 115.95 0.00 98.15
2018-12-31 109.02 0.00 95.45
2018-09-30 109.02 0.00 95.45
2018-06-30 98.40 0.00 83.09
2018-03-31 98.40 0.00 83.09
2017-12-31
2017-09-30 32.16 6.02 19.53
2017-06-30 26.55 4.84 13.62
2017-03-31 26.55 4.84 13.62
2016-03-31 16.95 0.49 10.73
2015-03-31 9.16 0.89 5.97
  • Mi Ming Mart Holdings has no debt.
  • Mi Ming Mart Holdings currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Mi Ming Mart Holdings has no debt, it does not need to be covered by operating cash flow.
  • Mi Ming Mart Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Mi Ming Mart Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Mi Ming Mart Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

8473 Dividends

 What is Mi Ming Mart Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.29%
Current annual income from Mi Ming Mart Holdings dividends.
If you bought HK$2,000 of Mi Ming Mart Holdings shares you are expected to receive HK$86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Mi Ming Mart Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.09%).
  • Mi Ming Mart Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.74%).
Upcoming dividend payment

Purchase Mi Ming Mart Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:8473 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 5.4%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 978 Stocks 3.6%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:8473 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-06-26 0.012 4.224
2019-02-13 0.018 6.096
2018-11-08 0.018 7.832

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Mi Ming Mart Holdings has stable dividend payments.
  • Mi Ming Mart Holdings only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Mi Ming Mart Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mi Ming Mart Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Mi Ming Mart Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mi Ming Mart Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

8473 Management

 What is the CEO of Mi Ming Mart Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Erica Yuen
COMPENSATION HK$2,268,000
AGE 38
TENURE AS CEO 2.5 years
CEO Bio

Ms. Mi-Ming Yuen, also known as Erica, has been Chairlady & Chief Executive Officer of Mi Ming Mart Holdings Limited since January 11, 2017 and also has been its Director since November 4, 2016. Ms. Yuen is a director of Inwell International Limited, and together with Ms. Yuen Mimi Mi Wahng, established the business of its Group back in 2009. She is mainly responsible for corporate strategic planning, overall management and supervision of sales and marketing, and development of market recognition of its Group. She has over 12 years of experience in the marketing and entertainment fields. Between August 2003 and May 2005, she served as business associate in PCCW Services Limited, which is a whollyowned subsidiary of PCCW Limited, a company listed on the main board of the Stock Exchange (stock code: 0008). Thereafter, she joined the entertainment industry in 2005. She was casted in a number of movies and television programmes including drama and variety shows. From 2007 to 2009, she had been a columnist for several newspapers and magazines in Hong Kong, namely “Apple Daily” and “Sudden Weekly”, with some columns for the review of beauty and health products in the market. She has gained about nine years of marketing experience in the skincare and cosmetics industry and health supplement industry since 2009 when its Group was established. Ms. Yuen obtained a bachelor’s degree of arts (major in economics) with Magna Cum Laude Honor from Tufts University in the United States in May 2003.

CEO Compensation
  • Erica's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Erica's remuneration is about average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Mi Ming Mart Holdings management team in years:

2.5
Average Tenure
39.5
Average Age
  • The tenure for the Mi Ming Mart Holdings management team is about average.
Management Team

Erica Yuen

TITLE
Chairlady & CEO
COMPENSATION
HK$2M
AGE
38
TENURE
2.5 yrs

Mimi Yuen

TITLE
Executive Director & Compliance Officer
COMPENSATION
HK$2M
AGE
46

Yau Kwan Mak

TITLE
Company Secretary & Financial Controller
AGE
32
TENURE
2.5 yrs

Man Dic Ho

TITLE
Head of Logistics Department
AGE
41
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Mi Ming Mart Holdings board of directors in years:

2.5
Average Tenure
42
Average Age
  • The average tenure for the Mi Ming Mart Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Erica Yuen

TITLE
Chairlady & CEO
COMPENSATION
HK$2M
AGE
38
TENURE
2.5 yrs

Mimi Yuen

TITLE
Executive Director & Compliance Officer
COMPENSATION
HK$2M
AGE
46
TENURE
2.6 yrs

Celine Chan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
39
TENURE
1.5 yrs

Wing Yee Tsang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$180K
AGE
47
TENURE
1.5 yrs

Anthony Lam

TITLE
Non-Executive Director
COMPENSATION
HK$120K
AGE
42
TENURE
2.5 yrs

Ronald Cheung

TITLE
Non-Executive Director
COMPENSATION
HK$120K
AGE
39
TENURE
2.5 yrs

Wai Sze Shum

TITLE
Independent Non-Executive Director
COMPENSATION
HK$120K
AGE
43
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Mi Ming Mart Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Mi Ming Mart Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

8473 News

Simply Wall St News

Here's Why I Think Mi Ming Mart Holdings (HKG:8473) Is An Interesting Stock

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' So if you're like me, you might be more interested in profitable, growing companies, like Mi Ming Mart Holdings (HKG:8473). … View our latest analysis for Mi Ming Mart Holdings Mi Ming Mart Holdings's Improving Profits In a capitalist society capital chases profits, and that means share prices tend rise with earnings per share (EPS). … Mi Ming Mart Holdings's earnings per share growth has been so hot recently that thinking about it is making me blush.

Simply Wall St -

Should You Be Impressed By Mi Ming Mart Holdings Limited's (HKG:8473) ROE?

See our latest analysis for Mi Ming Mart Holdings How Do You Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Mi Ming Mart Holdings: 14% = HK$15m ÷ HK$109m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Mi Ming Mart Holdings's Debt And Its 14% Return On Equity Mi Ming Mart Holdings is free of net debt, which is a positive for shareholders.

Simply Wall St -

Could Mi Ming Mart Holdings Limited's (HKG:8473) Investor Composition Influence The Stock Price?

The big shareholder groups in Mi Ming Mart Holdings Limited (HKG:8473) have power over the company. … Mi Ming Mart Holdings is a smaller company with a market capitalization of HK$319m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Mi Ming Mart Holdings SEHK:8473 Ownership Summary, May 14th 2019 What Does The Lack Of Institutional Ownership Tell Us About Mi Ming Mart Holdings?

Simply Wall St -

If You Had Bought Mi Ming Mart Holdings (HKG:8473) Stock A Year Ago, You'd Be Sitting On A 42% Loss, Today

Mi Ming Mart Holdings Limited (HKG:8473) shareholders will doubtless be very grateful to see the share price up 40% in the last quarter. … During the unfortunate twelve months during which the Mi Ming Mart Holdings share price fell, it actually saw its earnings per share (EPS) improve by 14%. … We don't see any weakness in the Mi Ming Mart Holdings's dividend so the steady payout can't really explain the share price drop.

Simply Wall St -

Should You Be Tempted To Sell Mi Ming Mart Holdings Limited (HKG:8473) Because Of Its P/E Ratio?

To keep it practical, we'll show how Mi Ming Mart Holdings Limited's (HKG:8473) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Mi Ming Mart Holdings's P/E ratio is 20.9. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Mi Ming Mart Holdings Limited (HKG:8473) Create Value For Shareholders?

We'll use ROE to examine Mi Ming Mart Holdings Limited (HKG:8473), by way of a worked example. … Over the last twelve months Mi Ming Mart Holdings has recorded a ROE of 10%. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Do Insiders Own Shares In Mi Ming Mart Holdings Limited (HKG:8473)?

The big shareholder groups in Mi Ming Mart Holdings Limited (HKG:8473) have power over the company. … With a market capitalization of HK$228m, Mi Ming Mart Holdings is a small cap stock, so it might not be well known by many institutional investors. … View our latest analysis for Mi Ming Mart Holdings

Simply Wall St -

Why You Should Like Mi Ming Mart Holdings Limited’s (HKG:8473) ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Why Mi Ming Mart Holdings Limited's (HKG:8473) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Mi Ming Mart Holdings Limited's (HKG:8473) P/E ratio to inform your assessment of the investment opportunity. … Mi Ming Mart Holdings has a P/E ratio of 22.19, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Worried About Mi Ming Mart Holdings Limited's (HKG:8473) 8.0% Return On Equity?

Mi Ming Mart Holdings has a ROE of 8.0%, based on the last twelve months. … One way to conceptualize this, is that for each HK$1 of shareholders' equity it has, the company made HK$0.080 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

8473 Company Info

Description

Mi Ming Mart Holdings Limited, an investment holding company, engages in the retail of multi-brand beauty and health products in Hong Kong. The company’s products include skincare products, cosmetic products, and food and health supplements. It operates 10 retail stores under the brand of mi ming mart in Hong Kong. The company was incorporated in 2016 and is headquartered in Causeway Bay, Hong Kong. Mi Ming Mart Holdings Limited is a subsidiary of Prime Era Holdings Limited.

Details
Name: Mi Ming Mart Holdings Limited
8473
Exchange: SEHK
Founded: 2016
HK$308,000,000
1,120,000,000
Website: http://www.mimingmart.com
Address: Mi Ming Mart Holdings Limited
Guangdong Tours Centre,
16th Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 8473 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 12. Feb 2018
Number of employees
Current staff
Staff numbers
81
Mi Ming Mart Holdings employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 12:57
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/06/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.