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Min Xin Holdings

DB:MXD
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

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

Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau. The last earnings update was 62 days ago. More info.


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MXD Share Price and Events
7 Day Returns
-2.2%
DB:MXD
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-43.4%
DB:MXD
6.9%
DE Trade Distributors
9%
DE Market
MXD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Min Xin Holdings (MXD) -2.2% -13.9% -9.4% -43.4% -63.4% -36.9%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • MXD underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • MXD underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
MXD
Industry
5yr Volatility vs Market

MXD Value

 Is Min Xin 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 Min Xin 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 Min Xin Holdings.

DB:MXD 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 7.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:MXD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 25%) (23.35%))
1.079
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.079 * 6.65%)
7.4%

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

The calculations below outline how an intrinsic value for Min Xin 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.

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

DB:MXD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.4%)
2020 362.94 Est @ 67.5% 337.93
2021 534.67 Est @ 47.32% 463.53
2022 712.13 Est @ 33.19% 574.84
2023 878.07 Est @ 23.3% 659.95
2024 1,021.89 Est @ 16.38% 715.12
2025 1,139.76 Est @ 11.53% 742.65
2026 1,232.56 Est @ 8.14% 747.78
2027 1,303.65 Est @ 5.77% 736.42
2028 1,357.18 Est @ 4.11% 713.83
2029 1,397.12 Est @ 2.94% 684.20
Present value of next 10 years cash flows HK$6,376.00
DB:MXD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$1,397.12 × (1 + 0.23%) ÷ (7.4% – 0.23%)
HK$19,524.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$19,524.14 ÷ (1 + 7.4%)10
HK$9,561.42
DB:MXD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$6,376.00 + HK$9,561.42
HK$15,937.42
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$15,937.42 / 597.26
HK$26.68
DB:MXD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MXD represents 0.10848x of SEHK:222
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10848x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 26.68 x 0.10848
€2.89
Value per share (EUR) From above. €2.89
Current discount Discount to share price of €0.36
= -1 x (€0.36 - €2.89) / €2.89
87.6%

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

Current Discount
Amount off the current price Min Xin Holdings is available for.
Intrinsic value
>50%
Share price is €0.36 vs Future cash flow value of €2.89
Current Discount Checks
For Min Xin Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Min Xin Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Min Xin 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 Min Xin Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Min Xin Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MXD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$1.05
SEHK:222 Share Price ** SEHK (2019-11-13) in HKD HK$3.3
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Min Xin Holdings.

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

= SEHK:222 Share Price ÷ EPS (both in HKD)

= 3.3 ÷ 1.05

3.14x

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

  • Min Xin Holdings is good value based on earnings compared to the DE Trade Distributors industry average.
  • Min Xin Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Min Xin Holdings's expected growth come at a high price?
Raw Data
DB:MXD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
9.4%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*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 Min Xin Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Min Xin Holdings's assets?
Raw Data
DB:MXD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$11.55
SEHK:222 Share Price * SEHK (2019-11-13) in HKD HK$3.3
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:MXD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:222 Share Price ÷ Book Value per Share (both in HKD)

= 3.3 ÷ 11.55

0.29x

* Primary Listing of Min Xin Holdings.

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

  • Min Xin Holdings is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Min Xin 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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Min Xin Holdings 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.

MXD Future Performance

 How is Min Xin Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Min Xin 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
9.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Min Xin Holdings expected to grow at an attractive rate?
  • Min Xin Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Min Xin Holdings's earnings growth is positive but not above the Germany market average.
  • Unable to compare Min Xin Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:MXD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:MXD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 9.4%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:MXD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
DB:MXD Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:MXD Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 448 217 627
2019-03-31 744 153 602
2018-12-31 1,040 89 578
2018-09-30 1,210 -35 562
2018-06-30 1,379 -160 546
2018-03-31 1,175 -178 532
2017-12-31 970 -196 517
2017-09-30 647 -134 393
2017-06-30 324 -72 269
2017-03-31 221 -31 267
2016-12-31 118 11 266
2016-09-30 131 36 289

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Min Xin Holdings's earnings are expected to grow by 9.4% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Min Xin 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
DB:MXD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Min Xin Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MXD Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:MXD Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 1.05
2019-03-31 1.01
2018-12-31 0.97
2018-09-30 0.94
2018-06-30 0.91
2018-03-31 0.94
2017-12-31 0.96
2017-09-30 0.66
2017-06-30 0.57
2017-03-31 0.57
2016-12-31 0.57
2016-09-30 0.63

*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 Min Xin Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Min Xin 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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Min Xin Holdings has a total score of 1/6, 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.

MXD Past Performance

  How has Min Xin 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 Min Xin Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • Min Xin Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Min Xin Holdings's 1-year earnings growth exceeds its 5-year average (14.7% vs 4.9%)
  • Min Xin Holdings's earnings growth has exceeded the DE Trade Distributors industry average in the past year (14.7% vs 8.4%).
Earnings and Revenue History
Min Xin 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 Min Xin Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MXD Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 447.88 626.78 56.82
2019-03-31 744.06 602.43 55.71
2018-12-31 1,040.25 578.09 54.59
2018-09-30 1,209.62 562.22 57.59
2018-06-30 1,379.00 546.36 60.60
2018-03-31 1,174.74 531.62 60.38
2017-12-31 970.48 516.89 60.16
2017-09-30 647.16 392.85 56.00
2017-06-30 323.84 268.82 51.83
2017-03-31 220.74 267.21 51.63
2016-12-31 117.64 265.61 51.43
2016-09-30 131.21 289.49 46.91
2016-06-30 144.78 313.38 42.40
2016-03-31 188.21 395.36 37.20
2015-12-31 231.64 477.34 32.00
2015-09-30 250.80 555.23 31.13
2015-06-30 269.96 633.12 30.26
2015-03-31 225.96 552.90 30.37
2014-12-31 181.95 472.69 30.48
2014-09-30 150.62 426.91 30.25
2014-06-30 119.29 381.13 30.03
2014-03-31 129.68 468.74 29.52
2013-12-31 140.07 556.35 29.01
2013-09-30 359.22 795.25 29.35
2013-06-30 578.36 1,034.15 29.68
2013-03-31 561.43 930.45 29.70
2012-12-31 544.51 826.74 29.71

*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.
  • Min Xin Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Min Xin Holdings used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Min Xin Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Min Xin 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 Trade Distributors 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.
Min Xin 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.

MXD Health

 How is Min Xin 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 Min Xin Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Min Xin Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Min Xin Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Min Xin 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.
  • Debt is covered by short term assets, assets are 2.5x 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 Min Xin Holdings Company Filings, last reported 4 months ago.

DB:MXD Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 6,899.36 459.81 1,069.70
2019-03-31 6,899.36 459.81 1,069.70
2018-12-31 6,731.82 398.77 1,177.89
2018-09-30 6,731.82 398.77 1,177.89
2018-06-30 6,450.75 553.09 1,354.67
2018-03-31 6,450.75 553.09 1,354.67
2017-12-31 6,510.90 552.27 1,433.00
2017-09-30 6,510.90 552.27 1,433.00
2017-06-30 5,948.00 701.32 1,514.73
2017-03-31 5,948.00 701.32 1,514.73
2016-12-31 4,787.10 1,353.42 1,286.11
2016-09-30 4,787.10 1,353.42 1,286.11
2016-06-30 4,996.89 1,407.04 1,396.38
2016-03-31 4,996.89 1,407.04 1,396.38
2015-12-31 5,083.23 615.85 1,440.20
2015-09-30 5,083.23 615.85 1,440.20
2015-06-30 5,591.63 644.32 1,350.68
2015-03-31 5,591.63 644.32 1,350.68
2014-12-31 4,816.01 579.10 1,361.14
2014-09-30 4,816.01 579.10 1,361.14
2014-06-30 4,247.79 280.00 948.31
2014-03-31 4,247.79 280.00 948.31
2013-12-31 3,935.73 200.00 916.83
2013-09-30 3,935.73 200.00 916.83
2013-06-30 3,939.86 50.00 822.96
2013-03-31 3,939.86 50.00 822.96
2012-12-31 3,804.75 50.00 174.62
  • Min Xin Holdings's level of debt (6.7%) 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 (6.7% vs 6.7% today).
  • Debt is well covered by operating cash flow (47.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 52.7x coverage).
X
Financial health checks
We assess Min Xin 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. Min Xin 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.

MXD Dividends

 What is Min Xin 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
3.03%
Current annual income from Min Xin Holdings dividends.
If you bought €2,000 of Min Xin Holdings shares you are expected to receive €61 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?
  • Min Xin Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Min Xin Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.64%).
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:MXD 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
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:MXD Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
DB:MXD Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-04-23 0.100 2.486
2019-03-27 0.100 2.064
2018-04-25 0.080 1.497
2018-03-28 0.080 1.557
2017-04-27 0.050 0.896
2017-04-11 0.050 0.810
2017-03-30 0.050 0.796
2016-04-28 0.050 0.668
2016-03-30 0.050 0.703
2015-04-27 0.050 0.778
2015-03-26 0.050 0.817
2014-04-30 0.050 1.026
2014-03-25 0.050 1.231
2013-04-30 0.040 0.991
2013-03-26 0.040 0.937
2012-03-29 0.040 0.948
2011-03-30 0.030 0.763
2010-04-22 0.030 0.825
2009-04-27 0.030 0.860

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 Min Xin Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (10.5x 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 Min Xin Holdings'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 Min Xin Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Min Xin Holdings has a total score of 4/6, see the detailed checks below.


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

MXD Management

 What is the CEO of Min Xin 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
Yu Chen
COMPENSATION HK$2,129,426
AGE 55
CEO Bio

Mr. Chen Yu has been Executive Director and General Manager of Min Xin Holdings Limited since September 10, 2018. Mr. Chen was Executive Deputy General Manager of Min Xin Holdings Limited since August 2018. Mr. Chen is the chairman and the legal representative of Fujian Province SMEs Credit Reguarantee Co., Ltd. From July 1985 to April 2000, Mr. Chen worked for the Fujian Branch of Construction Bank of China as a clerk of the Investment Department, a clerk of the Sales Department, the deputy manager of the Credit Department, the deputy manager of the Sales Department, the manager of the Business Development Department, and the section chief of the Asset Preservation Department. From April 2000 to July 2004, he was the deputy general manager of the Private Business Department, the director of the Credit Management Department, and the deputy general manager of the Administration Office of the Fuzhou Branch of China Everbright Bank. From July 2004 to April 2007, he served as the sub-branch manager of the Gulou Branch in Fuzhou of China Everbright Bank. From April 2007 to December 2007, he served as the deputy director of the Science and Technology Department of Fujian Rural Credit Union. From February 2008 to September 2009, he worked for Fujian Rural Credit Union as the director of the Science and Technology Department and the general manager of the Science and Technology Service Center. From September 2009 to June 2011, he worked for Fujian Rural Credit Union as the director of Science and Technology Department, the general manager of Science and Technology Service Center, and the director of Ningde Office. From June 2011 to February 2015, he also worked for Fujian Rural Credit Union as the director of the Science and Technology Department and the general manager of the Science and Technology Service Center. From February 2015 to February 2018, he served as the general manager of the Science and Technology Department (Technology Service Center) and the general manager of the Innovation and Development Department of Fujian Rural Credit Union. From February 2018 to August 2018, he served as the general manager of Fujian Province SMEs Credit Re-guarantee Co., Ltd. and, from February 2018 to September 2018, he served as the chairman and the legal representative of Fujian Agricultural Credit Guarantee Co., Ltd. Mr. Chen holds a Bachelor degree in Water Conservancy and Hydropower Engineering from Civil Architectural Engineering Department of Fuzhou University. He is a Senior Economist in Mainland China.

CEO Compensation
  • Insufficient data for Yu to compare compensation growth.
  • Yu's remuneration is lower than average for companies of similar size in Germany.
Management Team

Zheng Yan

TITLE
Executive Chairman of the Board
AGE
57

Yu Chen

TITLE
GM & Executive Director
COMPENSATION
HK$2M
AGE
55

Fei Wang

TITLE
Vice Chairman of the Board
AGE
52

Kwong Chan

TITLE
Deputy GM
AGE
48
TENURE
11.8 yrs

Wei Weng

TITLE
Group Chief Auditor
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Min Xin Holdings board of directors in years:

2.1
Average Tenure
53.5
Average Age
  • The average tenure for the Min Xin Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Zheng Yan

TITLE
Executive Chairman of the Board
AGE
57
TENURE
1.6 yrs

Yu Chen

TITLE
GM & Executive Director
COMPENSATION
HK$2M
AGE
55
TENURE
1.2 yrs

Fei Wang

TITLE
Vice Chairman of the Board
AGE
52
TENURE
5.3 yrs

Kai Ming Ip

TITLE
Independent Non-Executive Director
COMPENSATION
HK$250K
AGE
68
TENURE
21.3 yrs

Ronny Cheung

TITLE
Independent Non-Executive Director
COMPENSATION
HK$350K
AGE
48
TENURE
2.6 yrs

Hau Hon

TITLE
Non Executive Director
COMPENSATION
HK$60K
AGE
44
TENURE
3.7 yrs

Chong Shun Leung

TITLE
Independent Non-executive Director
COMPENSATION
HK$167K
AGE
54
TENURE
1.5 yrs

Jingchao Yang

TITLE
Non-executive Director
AGE
53
TENURE
0.9 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 (€)
X
Management checks
We assess Min Xin 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. Min Xin 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.

MXD News

Simply Wall St News

MXD Company Info

Description

Min Xin Holdings Limited, an investment holding company, primarily engages in the motor vehicles trading business in Hong Kong, Mainland China, and Macau. The company is also involved in the financial services, general insurance, property development and investment, and strategic investment businesses. It provides micro credit and entrusted loans; and leases office space. Min Xin Holdings Limited is based in Central, Hong Kong.

Details
Name: Min Xin Holdings Limited
MXD
Exchange: DB
Founded:
HK$228,738,183
597,257,252
Website: http://www.minxin.com.hk
Address: Min Xin Holdings Limited
Fairmont House,
17th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 222 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 02. Jan 1992
DB MXD Ordinary Shares Deutsche Boerse AG DE EUR 02. Jan 1992
Number of employees
Current staff
Staff numbers
82
Min Xin Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:33
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/09/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


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.