OTCPK:MNNG.F

Stock Analysis Report

Executive Summary

Affluent Partners Holdings Limited, an investment holding company, engages in the purchase, processing, design, production, assembling, trading, and wholesale distribution of pearls and jewelry products.

Risk Analysis

Earnings have declined by -55.54% per year over past 5 years

Shares are highly illiquid

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

+ 1 more risk


Snowflake Analysis

Excellent balance sheet and overvalued.

Share Price & News

How has Affluent Partners Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

MNNG.F

3.3%

US Luxury

0.8%

US Market


1 Year Return

n/a

MNNG.F

24.9%

US Luxury

17.8%

US Market

Return vs Industry: Insufficient data to determine how MNNG.F performed against the US Luxury industry.

Return vs Market: Insufficient data to determine how MNNG.F performed against the US Market.


Shareholder returns

MNNG.FIndustryMarket
7 Day0%3.3%0.8%
30 Day10.0%5.9%1.8%
90 Dayn/a8.1%4.1%
1 Yearn/a27.5%24.9%20.4%17.8%
3 Year-97.8%-97.8%61.6%54.4%45.9%36.4%
5 Yearn/a49.9%40.0%68.1%49.6%

Price Volatility Vs. Market

How volatile is Affluent Partners Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Affluent Partners Holdings undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MNNG.F's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MNNG.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MNNG.F is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: MNNG.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MNNG.F is good value based on its PB Ratio (0.4x) compared to the US Luxury industry average (1.3x).


Next Steps

Future Growth

How is Affluent Partners Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.7%

Forecasted Consumer Durables 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 Affluent Partners 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 Affluent Partners Holdings performed over the past 5 years?

-55.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MNNG.F is currently unprofitable.

Growing Profit Margin: MNNG.F is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MNNG.F is unprofitable, and losses have increased over the past 5 years at a rate of -55.5% per year.

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

Earnings vs Industry: MNNG.F is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (2.6%).


Return on Equity

High ROE: MNNG.F has a negative Return on Equity (-15.98%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Affluent Partners Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MNNG.F's short term assets (HK$122.8M) exceed its short term liabilities (HK$103.4M).

Long Term Liabilities: MNNG.F has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: MNNG.F's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: MNNG.F's debt to equity ratio has increased from 11.5% to 22.1% over the past 5 years.


Balance Sheet

Inventory Level: MNNG.F has a high level of physical assets or inventory.

Debt Coverage by Assets: MNNG.F's debt is covered by short term assets (assets are 1.6x 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: MNNG.F has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MNNG.F has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 81.3% each year.


Next Steps

Dividend

What is Affluent Partners Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate MNNG.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MNNG.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MNNG.F'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 MNNG.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Affluent Partners Holdings's salary, the management and board of directors tenure and is there insider trading?

2.4yrs

Average board tenure


CEO

Affluent Partners Holdings has no CEO, or we have no data on them.


Board Age and Tenure

2.4yrs

Average Tenure

54.5yo

Average Age

Experienced Board: MNNG.F's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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

SellHK$4,630,08914 Jun 19
Wang Chi Lau
EntityIndividual
Shares30,750,000
Max PriceHK$0.15
SellHK$1,867,18810 Jun 19
Wang Chi Lau
EntityIndividual
Shares12,000,000
Max PriceHK$0.16

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Management Team

  • Sze Ming Cheung (50yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$3.85m
  • Alex Leung (40yo)

    Executive Director

    • Tenure: 3.7yrs
    • Compensation: HK$381.00k
  • Zhi Wei Chen (56yo)

    Procurement Manager

    • Tenure: 3.7yrs
    • Compensation: HK$30.00k
  • Patrick Cheng (50yo)

    Chairman of the Board

    • Tenure: 0.2yrs

Board Members

  • Sze Ming Cheung (50yo)

    CFO, Company Secretary & Executive Director

    • Tenure: 1.7yrs
    • Compensation: HK$3.85m
  • Johnny Leung (62yo)

    Independent Non-Executive Director

    • Tenure: 0.9yrs
    • Compensation: HK$42.00k
  • Lawrence Lee (59yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$441.00k
  • Alex Leung (40yo)

    Executive Director

    • Tenure: 3.7yrs
    • Compensation: HK$381.00k
  • Yat Yuen Lai (61yo)

    Independent Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: HK$441.00k
  • Patrick Cheng (50yo)

    Chairman of the Board

    • Tenure: 0.2yrs

Company Information

Affluent Partners Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Affluent Partners Holdings Limited
  • Ticker: MNNG.F
  • Exchange: OTCPK
  • Founded: 2014
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: HK$151.696m
  • Listing Market Cap: HK$19.417m
  • Shares outstanding: 1.85b
  • Website: https://www.affluent-partners.com

Number of Employees


Location

  • Affluent Partners Holdings Limited
  • Henan Building
  • 12th Floor
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1466SEHK (The Stock Exchange of Hong Kong Ltd.)HKD0.01HKHKDNo data
1466SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2014
MNNG.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2014

Biography

Affluent Partners Holdings Limited, an investment holding company, engages in the purchase, processing, design, production, assembling, trading, and wholesale distribution of pearls and jewelry products. T ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 00:42
End of Day Share Price2019/11/26 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.