Ming Le Sports AG (ML2) - Net Assets
Based on the latest financial reports, Ming Le Sports AG (ML2) has net assets worth €1.22 Million EUR (≈ $1.43 Million USD) as of December 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.26 Million ≈ $1.47 Million USD) and total liabilities (€38.13K ≈ $44.58K USD). 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. Check ML2 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.22 Million |
| % of Total Assets | 96.97% |
| Annual Growth Rate | 9.71% |
| 5-Year Change | -42.11% |
| 10-Year Change | N/A |
| Growth Volatility | 67.81 |
Ming Le Sports AG - Net Assets Trend (2017–2024)
This chart illustrates how Ming Le Sports AG's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ming Le Sports AG for the complete picture of this company's asset base.
Annual Net Assets for Ming Le Sports AG (2017–2024)
The table below shows the annual net assets of Ming Le Sports AG from 2017 to 2024. For live valuation and market cap data, see Ming Le Sports AG stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €1.22 Million ≈ $1.43 Million |
-14.64% |
| 2023-12-31 | €1.43 Million ≈ $1.67 Million |
+9.27% |
| 2022-12-31 | €1.31 Million ≈ $1.53 Million |
-30.96% |
| 2021-12-31 | €1.89 Million ≈ $2.21 Million |
-10.12% |
| 2020-12-31 | €2.11 Million ≈ $2.46 Million |
+6.87% |
| 2019-12-31 | €1.97 Million ≈ $2.30 Million |
+8.69% |
| 2018-12-31 | €1.81 Million ≈ $2.12 Million |
+184.59% |
| 2017-12-31 | €637.36K ≈ $745.14K |
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Equity Component Analysis
This analysis shows how different components contribute to Ming Le Sports AG'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 grown by 58139256.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €3.08 Million | 252.44% |
| Total Equity | €1.22 Million | 100.00% |
Ming Le Sports AG Competitors by Market Cap
The table below lists competitors of Ming Le Sports AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greenroc Mining PLC
LSE:GROC
|
$180.09K |
|
Sable Exploration and Mining Ltd
JSE:SXM
|
$180.37K |
|
Trustco Group Holdings
JSE:TTO
|
$182.74K |
|
Ratu Prabu Energi Tbk
JK:ARTI
|
$183.76K |
|
Power Metal Resources plc
LSE:POW
|
$179.79K |
|
Creightons Plc
LSE:CRL
|
$179.26K |
|
Xeros Technology Group Plc
LSE:XSG
|
$178.27K |
|
AVILA ENERGY CORP.
F:6HQ0
|
$177.76K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ming Le Sports AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,428,706 to 1,219,548, a change of -209,158 (-14.6%).
- Net loss of 209,158 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-209.16K | -17.15% |
| Other Changes | €-0.00 | -0.0% |
| Total Change | €- | -14.64% |
Book Value vs Market Value Analysis
This analysis compares Ming Le Sports AG'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: 0.13x
- 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 |
|---|---|---|---|
| 2018-12-31 | €0.59 | €0.05 | x |
| 2019-12-31 | €0.64 | €0.05 | x |
| 2020-12-31 | €0.68 | €0.05 | x |
| 2021-12-31 | €0.62 | €0.05 | x |
| 2022-12-31 | €0.42 | €0.05 | x |
| 2023-12-31 | €0.46 | €0.05 | x |
| 2024-12-31 | €0.40 | €0.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ming Le Sports AG 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): -17.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (-17.15%) is below the historical average (-15.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -4.30% | 0.00% | 0.00x | 1.43x | €-91.16K |
| 2018 | -70.93% | 0.00% | 0.00x | 1.19x | €-1.47 Million |
| 2019 | 7.99% | 0.00% | 0.00x | 1.13x | €-39.60K |
| 2020 | 6.43% | 0.00% | 0.00x | 1.03x | €-75.25K |
| 2021 | -11.26% | 0.00% | 0.00x | 1.02x | €-402.58K |
| 2022 | -44.83% | 0.00% | 0.00x | 1.04x | €-716.92K |
| 2023 | 8.49% | 0.00% | 0.00x | 1.03x | €-21.61K |
| 2024 | -17.15% | 0.00% | 0.00x | 1.03x | €-331.11K |
Industry Comparison
This section compares Ming Le Sports AG's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,756,220,800
- Average return on equity (ROE) among peers: 19.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ming Le Sports AG (ML2) | €1.22 Million | -4.30% | 0.03x | $179.96K |
| China Dongxiang (Group) Co. Ltd (4C1) | $9.07 Billion | -7.05% | 0.07x | $293.80 Million |
| China Lilang Limited (5LX) | $3.01 Billion | 17.93% | 0.41x | $303.18 Million |
| Ahlers AG (AAH) | $110.57 Million | 4.70% | 0.65x | $171.02K |
| Hugo Boss AG (BOSA) | $740.30 Million | 44.44% | 1.03x | $2.42 Billion |
| Hugo Boss AG (BOSS) | $843.92 Million | 39.49% | 0.97x | $2.54 Billion |
About Ming Le Sports AG
Ming Le Sports AG engages in the research, development, manufacturing, sale, and distribution of footwear, clothing, accessories, and sporting goods in Germany and internationally. The company was incorporated in 2011 and is based in Mühltal, Germany.