SEHK:8473

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Mi Ming Mart Holdings

Executive Summary

Mi Ming Mart Holdings Limited, an investment holding company, engages in the retail of multi-brand beauty and health products in Hong Kong. More Details


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Mi Ming Mart Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 8473's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.1%

8473

3.5%

HK Specialty Retail

1.2%

HK Market


1 Year Return

-26.3%

8473

41.7%

HK Specialty Retail

2.3%

HK Market

Return vs Industry: 8473 underperformed the Hong Kong Specialty Retail industry which returned 41.7% over the past year.

Return vs Market: 8473 underperformed the Hong Kong Market which returned 2.3% over the past year.


Shareholder returns

8473IndustryMarket
7 Day-2.1%3.5%1.2%
30 Day5.0%8.8%7.0%
90 Day43.5%20.2%3.6%
1 Year-26.3%-26.3%44.7%41.7%6.6%2.3%
3 Yearn/a43.8%28.6%-4.7%-15.1%
5 Yearn/a94.3%59.5%19.1%-1.1%

Price Volatility Vs. Market

How volatile is Mi Ming Mart Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Mi Ming Mart Holdings undervalued compared to its fair value and its price relative to the market?

48.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 8473 (HK$0.19) is trading below our estimate of fair value (HK$0.36)

Significantly Below Fair Value: 8473 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 8473 is good value based on its PE Ratio (12.7x) compared to the HK Specialty Retail industry average (13.8x).

PE vs Market: 8473 is poor value based on its PE Ratio (12.7x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 8473's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 8473 is overvalued based on its PB Ratio (1.7x) compared to the HK Specialty Retail industry average (1.1x).


Next Steps

Future Growth

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

25.4%

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

18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 8473 has a large one-off loss of HK$22.9M impacting its June 30 2020 financial results.

Growing Profit Margin: 8473's current net profit margins (11.8%) are lower than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: 8473's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: 8473's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 8473 had negative earnings growth (-41%) over the past year, making it difficult to compare to the Specialty Retail industry average (-27.4%).


Return on Equity

High ROE: 8473's Return on Equity (13.2%) is considered low.


Next Steps

Financial Health

How is Mi Ming Mart Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 8473's short term assets (HK$97.8M) exceed its short term liabilities (HK$18.2M).

Long Term Liabilities: 8473's short term assets (HK$97.8M) exceed its long term liabilities (HK$2.1M).


Debt to Equity History and Analysis

Debt Level: 8473 is debt free.

Reducing Debt: 8473 has no debt compared to 5 years ago when its debt to equity ratio was 7.1%.

Debt Coverage: 8473 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 8473 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 8473's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 8473'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 8473's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 8473's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 8473 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 8473'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?

3.8yrs

Average management tenure


CEO

Erica Yuen (39 yo)

3.75yrs

Tenure

HK$2,118,000

Compensation

Ms. Mi-Ming Yuen, also known as Erica, has been Chairlady and Chief Executive Officer of Mi Ming Mart Holdings Limited since January 11, 2017 and its Director since November 4, 2016. Ms. Yuen is a director ...


CEO Compensation Analysis

Compensation vs Market: Erica's total compensation ($USD273.29K) is about average for companies of similar size in the Hong Kong market ($USD233.00K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Mi-Ming Yuen
Chairlady & CEO3.75yrsHK$2.12m49.91%
HK$ 105.1m
Mi Wahng Yuen
Executive Director & Compliance Officer3.83yrsHK$2.12m22.41%
HK$ 47.2m
Yau Kwan Mak
Company Secretary & Financial Controller3.75yrsno datano data
Man Dic Ho
Head of Logistics Department3.42yrsno datano data

3.8yrs

Average Tenure

40.5yo

Average Age

Experienced Management: 8473's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Mi-Ming Yuen
Chairlady & CEO3.75yrsHK$2.12m49.91%
HK$ 105.1m
Mi Wahng Yuen
Executive Director & Compliance Officer3.83yrsHK$2.12m22.41%
HK$ 47.2m
Wing Yee Tsang
Independent Non-Executive Director2.75yrsHK$180.00kno data
Yue Yeung Lam
Non-Executive Director3.75yrsHK$120.00kno data
Siu Hon Cheung
Non-Executive Director3.75yrsHK$120.00kno data
Sze Lai Chan
Independent Non-Executive Director2.75yrsHK$120.00kno data
Yuen Wa Hung
Independent Non-Executive Director0.83yrHK$35.00kno data

3.8yrs

Average Tenure

43yo

Average Age

Experienced Board: 8473's board of directors are considered experienced (3.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Mi Ming Mart Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Mi Ming Mart Holdings Limited
  • Ticker: 8473
  • Exchange: SEHK
  • Founded: 2016
  • Industry: Specialty Stores
  • Sector: Retail
  • Market Cap: HK$210.560m
  • Shares outstanding: 1.12b
  • Website: https://www.mimingmart.com

Number of Employees


Location

  • Mi Ming Mart Holdings Limited
  • Guangdong Tours Centre
  • 16th Floor
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8473SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 2018

Biography

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 produc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 13:01
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.