Executive Summary
Meitu, Inc., an investment holding company, designs, develops, and sells hardware in the People’s Republic of China, Hong Kong, and internationally.
Snowflake
Fundamentals
Flawless balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Meitu's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-2.3%
1357
-2.6%
HK Tech
0.9%
HK Market
1 Year Return
-63.0%
1357
-22.7%
HK Tech
0.6%
HK Market
Return vs Industry: 1357 underperformed the Hong Kong Tech industry which returned -22.7% over the past year.
Return vs Market: 1357 underperformed the Hong Kong Market which returned 0.6% over the past year.
Shareholder returns
| 1357 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | -2.6% | 0.9% |
| 30 Day | -6.0% | -4.8% | 0.4% |
| 90 Day | -18.5% | -8.1% | -5.5% |
| 1 Year | -63.0%-63.0% | -22.0%-22.7% | 4.2%0.6% |
| 3 Year | n/a | -3.5%-12.1% | 15.5%3.9% |
| 5 Year | n/a | -32.8%-46.1% | 19.9%-0.1% |
Price Volatility Vs. Market
How volatile is Meitu's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Such Is Life: How Meitu (HKG:1357) Shareholders Saw Their Shares Drop 66%1 month ago | Simply Wall St
Meitu, Inc. (HKG:1357): Is Breakeven Near?2 months ago | Simply Wall St
Is Meitu (HKG:1357) Weighed On By Its Debt Load?Valuation
Is Meitu undervalued compared to its fair value and its price relative to the market?
1.87x
Price to Book (PB) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate 1357's fair value to establish if it is undervalued.
Significantly Undervalued: Insufficient data to calculate 1357's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: 1357 is unprofitable, so we can't compare its PE Ratio to the Tech industry average.
PE vs Market: 1357 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate 1357's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1357 is overvalued based on its PB Ratio (1.9x) compared to the HK Tech industry average (1x).
Next Steps
Future Growth
How is Meitu forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
94.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1357 is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: 1357 is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: 1357 is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: 1357's revenue is expected to decline over the next 3 years (-17.7% per year).
High Growth Revenue: 1357's revenue is forecast to decline over the next 3 years (-17.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if 1357's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Meitu performed over the past 5 years?
28.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: 1357 is unprofitable, but has reduced losses over the past 5 years at a rate of 28.4% per year.
Accelerating Growth: Unable to compare 1357's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 1357 is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (4%).
Return on Equity
High ROE: 1357 has a negative Return on Equity (-30.37%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: 1357 is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: 1357 is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Meitu's financial position?
Financial Position Analysis
Short Term Liabilities: 1357's short term assets (CN¥3.4B) exceeds its short term liabilities (CN¥709.4M)
Long Term Liabilities: 1357's short term assets (3.4B) exceeds its long term liabilities (117.9M)
Debt to Equity History and Analysis
Debt Level: 1357's debt to equity ratio (0.3%) is considered satisfactory
Reducing Debt: 1357 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Balance Sheet
Inventory Level: 1357 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 1357's debt is covered by short term assets (assets are 343.340000x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 1357 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 1357 has sufficient cash runway for 1.378584 years if free cash flow continues to reduce at historical rates of -42.2% each year.
Next Steps
Dividend
What is Meitu's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate 1357's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1357's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if 1357's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1357'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 1357's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
What is the CEO of Meitu's salary, the management and board of directors tenure and is there insider trading?
3.0yrs
Average board tenure
CEO
Xinhong Wu (38yo)
0yrs
Tenure
CN¥1,032,000
Compensation
Mr. Zeyuan Wu serves as Chief Executive Officer of Meitu, Inc. and has been its Executive Director since July 2013. Mr. Wu is Founder of Meitu, Inc. Mr. Wu is responsible for the overall management of Meit ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Xinhong's total compensation is reasonable compared to companies of similar size in the Hong Kong market.
Compensation vs Earnings: Xinhong's compensation has been consistent with company performance over the past year.
Board Age and Tenure
3.0yrs
Average Tenure
43yo
Average Age
Experienced Board: 1357's board of directors are considered experienced (3 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman |
| Shares | 5,000,000 |
| Max Price | CN¥3.31 |
Ownership Breakdown
Management Team
Frank Kan Fu (49yo)
Managing Director of International Business
- Tenure: 0yrs
Wen Sheng Cai (49yo)
Executive Chairman
- Tenure: 0yrs
- Compensation: CN¥629.00k
Gary Ngan (36yo)
CFO & Joint Company Secretary
- Tenure: 0yrs
Arthur Law (35yo)
General Counsel
- Tenure: 2.1yrs
Xinhong Wu (38yo)
CEO & Executive Director
- Tenure: 0yrs
- Compensation: CN¥1.03m
Wei Zhang (33yo)
Chief Technology Officer
- Tenure: 0yrs
Yongli Ruan (33yo)
Senior Vice President of Technology
- Tenure: 0yrs
Jie Chen (32yo)
Senior Vice President of Product Development
- Tenure: 0yrs
Zhiping Zeng (41yo)
Senior Vice President of Human Resources
- Tenure: 0yrs
Yu Cheng (41yo)
Chief Operating Officer
- Tenure: 1.9yrs
Board Members
Young Guo (55yo)
Non-Executive Director
- Tenure: 5.8yrs
- Compensation: CN¥315.00k
Kai-Fu Lee (58yo)
Non-Executive Director
- Tenure: 3.2yrs
- Compensation: CN¥315.00k
Hao Zhou (43yo)
Independent Non-Executive Director
- Tenure: 2.9yrs
- Compensation: CN¥315.00k
Chris Lai (43yo)
Independent Non-Executive Director
- Tenure: 0.8yrs
Wen Sheng Cai (49yo)
Executive Chairman
- Tenure: 0yrs
- Compensation: CN¥629.00k
Xinhong Wu (38yo)
CEO & Executive Director
- Tenure: 0yrs
- Compensation: CN¥1.03m
Wen Chu Zhang (41yo)
Independent Non-Executive Director
- Tenure: 0.8yrs
Company Information
Meitu, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Meitu, Inc.
- Ticker: 1357
- Exchange: SEHK
- Founded: 2008
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: HK$7.245b
- Shares outstanding: 4.21b
- Website: https://corp.meitu.com
Number of Employees
Location
- Meitu, Inc.
- Building No.6
- 1–3/F, Block 2
- Xiamen
- Fujian Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1357 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Dec 2016 |
| M5U | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Dec 2016 |
| 1357 | SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Dec 2016 |
| 1357 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Dec 2016 |
Biography
Meitu, Inc., an investment holding company, designs, develops, and sells hardware in the People’s Republic of China, Hong Kong, and internationally. It operates in two segments, Internet Services and Smart ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 12:58 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.