Why is Changhong Meiling Co., Ltd. ?
1
Negative results in Mar 25
- INTEREST(Q) At CNY 5.32 MM has Grown at inf%
- RAW MATERIAL COST(Y) Grown by 8.85% (YoY)
- DEBT-EQUITY RATIO (HY) Highest at -2.13 %
2
With ROE of 10.01%, it has a fair valuation with a 0.93 Price to Book Value
- Over the past year, while the stock has generated a return of -21.68%, its profits have fallen by -23.7%
- At the current price, the company has a high dividend yield of 5.1
3
Underperformed the market in the last 1 year
- Even though the market (China Shanghai Composite) has generated returns of 15.18% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -21.68% returns
How much should you hold?
- Overall Portfolio exposure to Changhong Meiling Co., Ltd. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Changhong Meiling Co., Ltd. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Changhong Meiling Co., Ltd.
-21.91%
-0.70
29.03%
China Shanghai Composite
14.77%
1.01
15.10%
Quality key factors
Factor
Value
Sales Growth (5y)
17.55%
EBIT Growth (5y)
24.04%
EBIT to Interest (avg)
8.41
Debt to EBITDA (avg)
1.12
Net Debt to Equity (avg)
-0.04
Sales to Capital Employed (avg)
1.85
Tax Ratio
11.90%
Dividend Payout Ratio
48.60%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.26%
ROE (avg)
7.41%
Valuation Key Factors 
Factor
Value
P/E Ratio
9
Industry P/E
Price to Book Value
0.93
EV to EBIT
12.92
EV to EBITDA
6.43
EV to Capital Employed
0.91
EV to Sales
0.15
PEG Ratio
NA
Dividend Yield
5.09%
ROCE (Latest)
7.07%
ROE (Latest)
10.01%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
Bullish
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Technical Movement
9What is working for the Company
OPERATING CASH FLOW(Y)
Highest at CNY 3,039.98 MM
CASH AND EQV(HY)
Highest at CNY 20,754.86 MM
NET SALES(Q)
At CNY 7,333.16 MM has Grown at 24.01%
-6What is not working for the Company
INTEREST(Q)
At CNY 5.32 MM has Grown at inf%
RAW MATERIAL COST(Y)
Grown by 8.85% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at -2.13 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 0%
Here's what is working for Changhong Meiling Co., Ltd.
Operating Cash Flow
Highest at CNY 3,039.98 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (CNY MM)
Net Sales
At CNY 7,333.16 MM has Grown at 24.01%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (CNY MM)
Cash and Eqv
Highest at CNY 20,754.86 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Here's what is not working for Changhong Meiling Co., Ltd.
Interest
At CNY 5.32 MM has Grown at inf%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CNY MM)
Debt-Equity Ratio
Highest at -2.13 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 0%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Raw Material Cost
Grown by 8.85% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






