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Minth Group

DB:M3I
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
M3I
DB
HK$20B
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Minth Group Limited, an investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and molds of passenger cars in the People’s Republic of China, the United States, Japan, Thailand, Germany, Mexico, and internationally. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • Minth Group has significant price volatility in the past 3 months.
M3I Share Price and Events
7 Day Returns
5.3%
DB:M3I
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-33.6%
DB:M3I
-47.8%
DE Auto Components
-16.6%
DE Market
M3I Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Minth Group (M3I) 5.3% -37.8% -39.3% -33.6% -46.5% -15.4%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • M3I outperformed the Auto Components industry which returned -47.8% over the past year.
  • M3I underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
M3I
Industry
5yr Volatility vs Market

M3I Value

 Is Minth Group 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 Minth Group 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 Minth Group.

DB:M3I Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 23 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:M3I
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 25%) (23.51%))
1.228
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.228 * 6.33%)
7.38%

Discounted Cash Flow Calculation for DB:M3I using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Minth Group 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:M3I DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.38%)
2020 694.71 Analyst x7 646.94
2021 996.29 Analyst x7 863.98
2022 1,231.82 Analyst x5 994.78
2023 1,630.00 Analyst x1 1,225.81
2024 2,012.00 Analyst x1 1,409.04
2025 2,280.88 Est @ 13.36% 1,487.49
2026 2,491.57 Est @ 9.24% 1,513.16
2027 2,649.77 Est @ 6.35% 1,498.58
2028 2,764.44 Est @ 4.33% 1,455.92
2029 2,844.94 Est @ 2.91% 1,395.28
Present value of next 10 years cash flows CN¥12,490.00
DB:M3I DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,844.94 × (1 + -0.39%) ÷ (7.38% – -0.39%)
CN¥36,451.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥36,451.15 ÷ (1 + 7.38%)10
CN¥17,877.23
DB:M3I Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥12,490.00 + CN¥17,877.23
CN¥30,367.23
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥30,367.23 / 1,150.39
CN¥26.4
DB:M3I Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:425)
1.1
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥26.4 x 1.1
HK$29.05
Non-primary Listing Adjustment Factor 1 share in DB:M3I represents 0.11543x of SEHK:425
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11543x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 29.05 x 0.11543
€3.35
Value per share (EUR) From above. €3.35
Current discount Discount to share price of €1.99
= -1 x (€1.99 - €3.35) / €3.35
40.6%

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

Current Discount
Amount off the current price Minth Group is available for.
Intrinsic value
41%
Share price is €1.99 vs Future cash flow value of €3.35
Current Discount Checks
For Minth Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Minth Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Minth Group'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 Minth Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Minth Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:M3I PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CNY CN¥1.47
SEHK:425 Share Price ** SEHK (2020-04-07) in HKD HK$17.24
SEHK:425 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥15.67
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Minth Group.

DB:M3I PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:425 Share Price ÷ EPS (both in CNY)

= 15.67 ÷ 1.47

10.64x

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

  • Minth Group is good value based on earnings compared to the DE Auto Components industry average.
  • Minth Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Minth Group's expected growth come at a high price?
Raw Data
DB:M3I PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.64x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
12.3%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:M3I PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.64x ÷ 12.3%

0.87x

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

  • Minth Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Minth Group's assets?
Raw Data
DB:M3I PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CNY CN¥12.46
SEHK:425 Share Price * SEHK (2020-04-07) in HKD HK$17.24
SEHK:425 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.909 CN¥15.67
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:M3I PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:425 Share Price ÷ Book Value per Share (both in CNY)

= 15.67 ÷ 12.46

1.26x

* Primary Listing of Minth Group.

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

  • Minth Group is overvalued based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Minth Group'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 Auto Components 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 Auto Components industry average (and greater than 0)? (1 check)
  5. Minth Group has a total score of 5/6, 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.

M3I Future Performance

 How is Minth Group expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

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
12.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Minth Group expected to grow at an attractive rate?
  • Minth Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Minth Group's earnings growth is positive but not above the Germany market average.
  • Minth Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:M3I Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:M3I Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts 12.3%
DB:M3I Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 9.2%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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
DB:M3I Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:M3I Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 17,049 3,261 2,303 13
2021-12-31 15,502 2,923 2,109 23
2020-12-31 13,151 2,389 1,585 20
2020-04-07
DB:M3I Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-12-31 13,198 1,690
2019-09-30 12,944 1,630
2019-06-30 12,691 2,208 1,569
2019-03-31 12,622 2,124 1,615
2018-12-31 12,553 2,041 1,661
2018-09-30 12,332 2,104 1,809
2018-06-30 12,112 2,167 1,958
2018-03-31 11,748 2,021 1,992
2017-12-31 11,384 1,875 2,025
2017-09-30 10,927 1,753 1,992
2017-06-30 10,469 1,631 1,960
2017-03-31 9,935 1,677 1,839

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Minth Group's earnings are expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
  • Minth Group's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
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
DB:M3I 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 23 Analyst Estimates (S&P Global) See Below

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

DB:M3I Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 2.02 2.49 1.73 13.00
2021-12-31 1.86 2.28 1.53 22.00
2020-12-31 1.38 1.57 1.21 16.00
2020-04-07
DB:M3I Past Financials Data
Date (Data in CNY Millions) EPS *
2019-12-31 1.47
2019-09-30 1.42
2019-06-30 1.37
2019-03-31 1.41
2018-12-31 1.45
2018-09-30 1.58
2018-06-30 1.71
2018-03-31 1.75
2017-12-31 1.78
2017-09-30 1.76
2017-06-30 1.73
2017-03-31 1.64

*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.
  • Minth Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Minth Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Minth Group has a total score of 2/6, 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.

M3I Past Performance

  How has Minth Group 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 Minth Group's growth in the last year to its industry (Auto Components).
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.
  • Minth Group's year on year earnings growth rate has been positive over the past 5 years.
  • Minth Group's 1-year earnings growth is less than its 5-year average (1.8% vs 7.9%)
  • Minth Group's earnings growth has exceeded the DE Auto Components industry average in the past year (1.8% vs -45.1%).
Earnings and Revenue History
Minth Group'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 Minth Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:M3I Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 13,198.19 1,690.30 1,586.73 655.53
2019-09-30 12,944.42 1,629.64 1,553.48 642.23
2019-06-30 12,690.65 1,568.99 1,520.22 628.93
2019-03-31 12,621.93 1,614.81 1,490.50 609.77
2018-12-31 12,553.20 1,660.64 1,460.77 590.61
2018-09-30 12,332.37 1,809.20 1,441.63 551.33
2018-06-30 12,111.53 1,957.76 1,422.49 512.05
2018-03-31 11,748.01 1,991.51 1,377.43 487.87
2017-12-31 11,384.50 2,025.25 1,332.38 463.68
2017-09-30 10,926.98 1,992.47 1,239.31 446.07
2017-06-30 10,469.46 1,959.69 1,146.23 428.46
2017-03-31 9,934.72 1,839.42 1,092.12 409.49
2016-12-31 9,399.99 1,719.14 1,038.00 390.51
2016-09-30 8,909.07 1,590.69 967.54 371.28
2016-06-30 8,418.15 1,462.23 897.09 352.05
2016-03-31 8,036.14 1,366.96 856.80 341.31
2015-12-31 7,654.12 1,271.68 816.50 330.57
2015-09-30 7,309.58 1,224.60 794.71 320.62
2015-06-30 6,965.03 1,177.51 772.92 310.68
2015-03-31 6,824.46 1,147.56 771.60 304.70
2014-12-31 6,683.88 1,117.61 770.28 298.71
2014-09-30 6,436.24 1,076.08 752.92 290.99
2014-06-30 6,188.59 1,034.56 735.55 283.26
2014-03-31 5,849.49 1,002.95 683.57 271.52
2013-12-31 5,510.39 971.34 631.59 259.78
2013-09-30 5,096.57 937.58 580.76 252.98
2013-06-30 4,682.75 903.82 529.94 246.19

*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.
  • Minth Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Minth Group used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Minth Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Minth Group'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 Auto Components 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.
Minth Group has a total score of 3/6, 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.

M3I Health

 How is Minth Group'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 Minth Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Minth Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Minth Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Minth Group'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x debt.
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 Minth Group Company Filings, last reported 3 months ago.

DB:M3I Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,743.69 4,139.00 5,943.88
2019-09-30 14,743.69 4,139.00 5,943.88
2019-06-30 13,853.76 3,839.03 4,751.99
2019-03-31 13,853.76 3,839.03 4,751.99
2018-12-31 13,428.71 4,092.51 4,858.91
2018-09-30 13,428.71 4,092.51 4,858.91
2018-06-30 12,672.48 4,088.29 4,928.14
2018-03-31 12,672.48 4,088.29 4,928.14
2017-12-31 12,398.11 2,520.21 3,849.60
2017-09-30 12,398.11 2,520.21 3,849.60
2017-06-30 11,426.68 2,524.43 3,214.90
2017-03-31 11,426.68 2,524.43 3,214.90
2016-12-31 10,855.71 1,447.70 2,941.57
2016-09-30 10,855.71 1,447.70 2,941.57
2016-06-30 9,857.56 1,425.24 2,895.61
2016-03-31 9,857.56 1,425.24 2,895.61
2015-12-31 9,406.42 1,957.96 2,766.71
2015-09-30 9,406.42 1,957.96 2,766.71
2015-06-30 8,770.82 2,946.18 3,154.50
2015-03-31 8,770.82 2,946.18 3,154.50
2014-12-31 8,545.47 2,708.49 3,594.21
2014-09-30 8,545.47 2,708.49 3,594.21
2014-06-30 7,976.24 2,834.39 3,773.75
2014-03-31 7,976.24 2,834.39 3,773.75
2013-12-31 7,718.45 2,411.05 4,119.19
2013-09-30 7,718.45 2,411.05 4,119.19
2013-06-30 7,149.85 2,473.80 4,248.88
  • Minth Group's level of debt (28.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (31.7% vs 28.1% today).
  • Debt is well covered by operating cash flow (53.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 59.8x coverage).
X
Financial health checks
We assess Minth Group'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. Minth Group 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.

M3I Dividends

 What is Minth Group'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
3.6%
Current annual income from Minth Group dividends. Estimated to be 4.37% next year.
If you bought €2,000 of Minth Group shares you are expected to receive €72 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?
  • Minth Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Minth Group's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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
DB:M3I 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 23 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:M3I Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.82 9.00
2021-12-31 0.72 18.00
2020-12-31 0.55 13.00
2020-04-07
DB:M3I Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-20 0.564 2.732
2018-03-20 0.679 2.823
2017-05-31 0.545 1.696
2016-05-26 0.463 2.075
2015-05-28 0.412 3.238
2014-05-29 0.357 2.862
2013-04-22 0.300 2.708
2013-03-19 0.306 3.276
2012-03-20 0.217 3.060
2011-05-18 0.216 2.952
2010-04-19 0.193 1.877
2010-03-23 0.193 1.763
2009-04-23 0.133 1.923

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Minth Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Minth Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Minth Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Minth Group has a total score of 5/6, see the detailed checks below.


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

M3I Management

 What is the CEO of Minth Group'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
Bin Bo Chen
AGE 55
TENURE AS CEO 0.7 years
CEO Bio

Mr. Bin Bo Chen serves as Chief Executive Officer of Minth Group Limited since August 21, 2019. Mr. Chen joined Minth Group Limited in November 2018 as a special assistant to the Chairman. Mr. Chen had been a Supervisor of Dongfeng Motor Group Company Limited since October 2010. Mr. Chen serves as Executive Deputy General Manager at Dongfeng Honda Automobile Co., Ltd since 2009 until 2018. He joined the Dongfeng Motor Corporation in 1987. He aired his foresighted opinion on the marketing layout as early as the establishment of Dongfeng Nissan in 2003. He was Sales Executive of Dongfeng Nissan Passenger Vehicle Company. He also worked successively at Dongfeng Motor Co., Ltd., Dongfeng Peugeot Citroe¨n Automobile Co., Ltd. and Guangzhou Aeolus Automobile Co., Ltd. in various roles from 1987 to 2009. He is a Senior Economist. Mr. Chen has experience in automotive industry including but not limited to the areas of research and development, sales and management. Mr. Chen graduated from Huazhong University of Science and Technology with a Bachelor's degree in Engineering, majoring in Internal Combustion Engine for vessels in 1985 and graduated from Huazhong University of Science and Technology with a Master’s degree in Industrial Management Engineering in 1987.

CEO Compensation
  • Insufficient data for Bin Bo to compare compensation growth.
  • Insufficient data for Bin Bo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Minth Group management team in years:

2.3
Average Tenure
47
Average Age
  • The tenure for the Minth Group management team is about average.
Management Team

Chiung Huang

TITLE
Chairperson & Chief Human Resources Officer
COMPENSATION
CN¥5M
AGE
48
TENURE
5.6 yrs

Chien Chin

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
30

Bau Hong

TITLE
Special Assistant to Chairman

Bin Bo Chen

TITLE
Chief Executive Officer
AGE
55
TENURE
0.7 yrs

Catherine Sung

TITLE
Chief Financial Officer
AGE
46
TENURE
2.9 yrs

Yan Liu

TITLE
Chief Operating Officer
AGE
54
TENURE
1.6 yrs

Lei Yi

TITLE
Head of Investor Relations Department & Company Secretary
AGE
45
Board of Directors Tenure

Average tenure and age of the Minth Group board of directors in years:

11.3
Average Tenure
51
Average Age
  • The average tenure for the Minth Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Chiung Huang

TITLE
Chairperson & Chief Human Resources Officer
COMPENSATION
CN¥5M
AGE
48
TENURE
0.5 yrs

Chien Chin

TITLE
Executive Director
COMPENSATION
CN¥1M
AGE
30
TENURE
3.9 yrs

Vivian Yu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥502K
AGE
51
TENURE
12.3 yrs

Fred Wu

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥473K
AGE
71
TENURE
11.3 yrs

Jim Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥473K
AGE
64
TENURE
14.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Buy J.P. Morgan Asset Management, Inc. Company 09. Mar 20 09. Mar 20 176,000 €3.10 €545,184
09. Mar 20 Sell J.P. Morgan Asset Management, Inc. Company 04. Mar 20 04. Mar 20 -358,000 €3.25 €-1,164,910
04. Mar 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 28. Feb 20 28. Feb 20 663,000 €3.20 €2,119,710
04. Mar 20 Buy J.P. Morgan Asset Management, Inc. Company 28. Feb 20 28. Feb 20 12,000 €3.20 €38,366
03. Mar 20 Sell J.P. Morgan Asset Management, Inc. Company 27. Feb 20 27. Feb 20 -810,145 €3.32 €-2,692,266
21. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 18. Feb 20 18. Feb 20 344,000 €2.94 €1,010,503
02. Jan 20 Buy First Sentier Investors (Australia) IM Ltd Company 30. Dec 19 30. Dec 19 1,316,000 €3.20 €4,215,330
22. May 19 Sell J.P. Morgan Asset Management, Inc. Company 17. May 19 17. May 19 -3,082,422 €2.65 €-8,177,192
17. May 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 15. May 19 15. May 19 977,132 €2.86 €2,795,319
08. May 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 03. May 19 03. May 19 -57,882 €2.93 €-169,413
26. Apr 19 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 23. Apr 19 23. Apr 19 -1,893,344 €3.11 €-5,888,394
23. Apr 19 Buy JPMorgan Chase & Co, Private Banking and Investment Banking Investments Company 18. Apr 19 18. Apr 19 2,000 €3.25 €6,498
23. Apr 19 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 18. Apr 19 18. Apr 19 2,399,851 €3.25 €7,796,898
X
Management checks
We assess Minth Group'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. Minth Group 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.

M3I News

Simply Wall St News

M3I Company Info

Description

Minth Group Limited, an investment holding company, designs, develops, manufactures, processes, and sells automobile body parts and molds of passenger cars in the People’s Republic of China, the United States, Japan, Thailand, Germany, Mexico, and internationally. The company also manufactures, develops, and sells batteries and motor systems for electric vehicles, as well as optical parts, metal molds, automation machines, software, and production lines; manufactures buses, modified cars, and electric vehicles; develops and manages real estate properties; and offers bookkeeping services. In addition, it engages in import and export trading, logistics, and technology import activities. Minth Group Limited was incorporated in 2005 and is headquartered in Ningbo, the People’s Republic of China.

Details
Name: Minth Group Limited
M3I
Exchange: DB
Founded: 2005
HK$2,349,148,982
1,150,392,000
Website: http://www.minthgroup.com
Address: Minth Group Limited
No. 8 Dagang No. 6 Road,
Ningbo Economic and Technological Development Zone,
Ningbo,
Zhejiang Province, 315800,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 425 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 01. Dec 2005
OTCPK MNTH.F Ordinary Shares Pink Sheets LLC US USD 01. Dec 2005
DB M3I Ordinary Shares Deutsche Boerse AG DE EUR 01. Dec 2005
SHSC 425 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 01. Dec 2005
SZSC 425 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 01. Dec 2005
Number of employees
Current staff
Staff numbers
17,740
Minth Group employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:40
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2020/03/30
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.