MING FAI INTERNATIO
MING FAI INTERNATIO operates in Diversified Metals & Mining.
MING FAI INTERNATIO (36Y) - Net Assets
Latest net assets as of December 2023: €1.19 Billion EUR
Based on the latest financial reports, MING FAI INTERNATIO (36Y) has net assets worth €1.19 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.97 Billion) and total liabilities (€772.01 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.19 Billion |
| % of Total Assets | 60.72% |
| Annual Growth Rate | 2.93% |
| 5-Year Change | 5.51% |
| 10-Year Change | N/A |
| Growth Volatility | 4.95 |
MING FAI INTERNATIO - Net Assets Trend (2016–2023)
This chart illustrates how MING FAI INTERNATIO's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MING FAI INTERNATIO (2016–2023)
The table below shows the annual net assets of MING FAI INTERNATIO from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €1.19 Billion | +5.46% |
| 2022-12-31 | €1.13 Billion | +3.38% |
| 2021-12-31 | €1.09 Billion | -8.21% |
| 2020-12-31 | €1.19 Billion | +5.43% |
| 2019-12-31 | €1.13 Billion | +3.70% |
| 2018-12-31 | €1.09 Billion | +2.84% |
| 2017-12-31 | €1.06 Billion | +8.76% |
| 2016-12-31 | €975.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MING FAI INTERNATIO's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €1.25 Billion | 100.00% |
| Total Equity | €1.25 Billion | 100.00% |
MING FAI INTERNATIO Competitors by Market Cap
The table below lists competitors of MING FAI INTERNATIO ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Brands Ltd
KAR:UBDL
|
$741.85 |
|
BJNS -H- (BJ3.SG)
STU:BJ3
|
$742.58 |
|
VITAFOAM NIGERIA PLC
XNSA:VITAFOAM
|
$742.61 |
|
Parnell Pharmaceuticals Holdings Ltd
PINK:PARNF
|
$742.72 |
|
Kohinoor Spinning Mills Ltd
KAR:KOHP
|
$739.68 |
|
Nimir Resins Ltd
KAR:NRSL
|
$738.80 |
|
Aeorema Communications Plc
LSE:AEO
|
$738.77 |
|
Coretech 5 Société anonyme
PA:MLCOT
|
$737.21 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MING FAI INTERNATIO's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,181,133,000 to 1,250,750,000, a change of 69,617,000 (5.9%).
- Net income of 104,181,000 contributed positively to equity growth.
- Dividend payments of 36,160,000 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €104.18 Million | +8.33% |
| Dividends Paid | €36.16 Million | -2.89% |
| Other Changes | €1.60 Million | +0.13% |
| Total Change | €- | 5.89% |
Book Value vs Market Value Analysis
This analysis compares MING FAI INTERNATIO's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.05x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €1.50 | €0.08 | x |
| 2018-12-31 | €1.54 | €0.08 | x |
| 2019-12-31 | €1.59 | €0.08 | x |
| 2020-12-31 | €1.68 | €0.08 | x |
| 2021-12-31 | €1.55 | €0.08 | x |
| 2022-12-31 | €1.61 | €0.08 | x |
| 2023-12-31 | €1.70 | €0.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MING FAI INTERNATIO utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.04%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.57x
- Recent ROE (8.33%) is above the historical average (6.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.70% | 9.27% | 1.03x | 1.65x | €57.17 Million |
| 2017 | 10.00% | 5.84% | 1.13x | 1.52x | €46.60K |
| 2018 | 8.93% | 4.88% | 1.20x | 1.52x | €-12.01 Million |
| 2019 | 8.38% | 4.79% | 1.11x | 1.57x | €-18.91 Million |
| 2020 | 6.40% | 5.84% | 0.75x | 1.46x | €-44.39 Million |
| 2021 | -8.20% | -6.51% | 0.83x | 1.52x | €-207.60 Million |
| 2022 | 6.39% | 4.21% | 1.02x | 1.48x | €-42.60 Million |
| 2023 | 8.33% | 5.04% | 1.05x | 1.57x | €-20.89 Million |
Industry Comparison
This section compares MING FAI INTERNATIO's net assets metrics with peer companies in the Other industry.
Industry Context
- Industry: Other
- Average net assets among peers: $114,212,818,724
- Average return on equity (ROE) among peers: -9.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MING FAI INTERNATIO (36Y) | €1.19 Billion | 15.70% | 0.65x | $740.54 |
| HORIBA (01H) | $204.49 Billion | 10.42% | 0.82x | $989.01K |
| Tokyu Corporation (01T) | $779.37 Billion | 3.34% | 2.35x | $99.73K |
| GUANGZHOU AUTO -H- (02G) | $122.28 Billion | 6.59% | 0.55x | $4.05K |
| MOSAIC (02M) | $10.60 Billion | 4.43% | 0.90x | $280.83K |
| MOSAIC (02M.SG) (02M) | $9.56 Billion | 10.46% | 0.82x | $247.21K |
| CHINA JO-JO DRGSTRS (04CN.SG) (04CN) | $16.67 Million | -126.83% | 4.46x | $1.55 Million |
| KRAKATAU STEEL -B- (07K) | $552.59 Million | 3.52% | 4.72x | $166.99 |
| CN MODERN DAIRY (07M) | $7.12 Billion | -10.42% | 1.50x | $1.68K |
| TOURMALINE OIL (08T) | $7.22 Billion | 4.81% | 0.41x | $381.02K |
| ASIA CASSAVA RESOUR (0ACS) | $913.15 Million | 2.86% | 1.55x | $325.03 |