Why is Zhejiang Meilun Elevator Co., Ltd. ?
1
Poor long term growth as Net Sales has grown by an annual rate of 0.14% and Operating profit at -2.21% over the last 5 years
2
With a fall in Net Sales of -7.91%, the company declared Very Negative results in Sep 25
- The company has declared negative results for the last 3 consecutive quarters
- The company has declared negative results in Sep 24 after 3 consecutive negative quarters
- NET SALES(HY) At CNY 367.59 MM has Grown at -14.23%
- OPERATING CASH FLOW(Y) Lowest at CNY -12.45 MM
- ROCE(HY) Lowest at 3.51%
3
Underperformed the market in the last 1 year
- The stock has generated a return of 3.71% in the last 1 year, much lower than market (China Shanghai Composite) returns of 22.49%
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Building Products)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Zhejiang Meilun Elevator Co., Ltd. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Zhejiang Meilun Elevator Co., Ltd.
-3.7%
0.28
33.16%
China Shanghai Composite
15.17%
1.58
14.20%
Quality key factors
Factor
Value
Sales Growth (5y)
0.14%
EBIT Growth (5y)
-2.21%
EBIT to Interest (avg)
24.44
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.49
Sales to Capital Employed (avg)
0.61
Tax Ratio
16.45%
Dividend Payout Ratio
44.78%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.00%
ROE (avg)
6.04%
Valuation Key Factors 
Factor
Value
P/E Ratio
54
Industry P/E
Price to Book Value
2.30
EV to EBIT
85.70
EV to EBITDA
34.48
EV to Capital Employed
3.31
EV to Sales
2.99
PEG Ratio
NA
Dividend Yield
0.84%
ROCE (Latest)
3.87%
ROE (Latest)
4.28%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
Technical Movement
2What is working for the Company
INVENTORY TURNOVER RATIO(HY)
Highest at 4.46 times
-25What is not working for the Company
NET SALES(HY)
At CNY 367.59 MM has Grown at -14.23%
OPERATING CASH FLOW(Y)
Lowest at CNY -12.45 MM
ROCE(HY)
Lowest at 3.51%
INTEREST COVERAGE RATIO(Q)
Lowest at 4,326.37
RAW MATERIAL COST(Y)
Grown by 12.03% (YoY
DEBTORS TURNOVER RATIO(HY)
Lowest at 2.22 times
OPERATING PROFIT(Q)
Lowest at CNY 2.92 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 1.66 %
NET PROFIT(Q)
At CNY 9.52 MM has Fallen at -28.3%
Here's what is working for Zhejiang Meilun Elevator Co., Ltd.
Inventory Turnover Ratio
Highest at 4.46 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Here's what is not working for Zhejiang Meilun Elevator Co., Ltd.
Net Sales
At CNY 367.59 MM has Grown at -14.23%
Year on Year (YoY)MOJO Watch
Near term sales trend is very negative
Net Sales (CNY MM)
Interest Coverage Ratio
Lowest at 4,326.37
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Operating Cash Flow
Lowest at CNY -12.45 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)
Operating Profit
Lowest at CNY 2.92 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (CNY MM)
Operating Profit Margin
Lowest at 1.66 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Net Profit
At CNY 9.52 MM has Fallen at -28.3%
over average net sales of the previous four periods of CNY 13.28 MMMOJO Watch
Near term Net Profit trend is negative
Net Profit (CNY MM)
Debtors Turnover Ratio
Lowest at 2.22 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 12.03% (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






