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Minth Group
(0425)
Select Model
Select Model
Rating:65Neutral
Price Target:
HK$28.00
▼(-22.48% Downside)
Action:Reiterated
Date:06/11/26
The score is anchored by solid financial performance (steady growth, healthy margins, and manageable leverage), supported by reasonable valuation (P/E ~11 and ~2.6% yield). These positives are meaningfully offset by weak technicals, with the stock in a clear downtrend and bearish momentum signals.
Positive Factors
Platform-based recurring revenue
Minth’s business model centers on platform nominations and expanding content per vehicle, creating multi-year, program-tied revenue streams. That structural link to OEM platforms supports predictable lifetime revenues for won programs, aiding long-term planning and capital allocation even through cycles.
Negative Factors
Uneven cash conversion history
Despite recent improvement, historical swings in free cash flow and only ~60% conversion of 2025 net income to FCF highlight working-capital volatility and episodic investment needs. This uneven conversion can constrain dividends, deleveraging or program funding during down cycles and limits durable cash returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Platform-based recurring revenue
Minth’s business model centers on platform nominations and expanding content per vehicle, creating multi-year, program-tied revenue streams. That structural link to OEM platforms supports predictable lifetime revenues for won programs, aiding long-term planning and capital allocation even through cycles.
Read all positive factors
Minth Group (0425) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.09B
Dividend Yield1.39%
Average Volume (3M)9.06M
Price to Earnings (P/E)10.2
Beta (1Y)1.33
Revenue Growth11.26%
EPS Growth15.82%
CountryHK
Employees25,663
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)2.32
Shares Outstanding1,183,543,000
10 Day Avg. Volume7,079,715
30 Day Avg. Volume9,059,091
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)1.40
Price to Sales (P/S)1.28
P/FCF Ratio11.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$51.88Price Target Upside43.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)2.66
Revenue Forecast (FY)HK$29.94B
Minth Group Business Overview & Revenue Model
Company Description
Minth Group Limited, established in 1992 and headquartered in Jiaxing, China, functions as an investment holding company with a broad scope of business activities. Its core operations revolve around the design, development, production, processing,...
How the Company Makes Money
Minth primarily makes money by selling automotive components to vehicle manufacturers (OEMs) and, to a lesser extent, other automotive industry customers under supply contracts tied to specific vehicle platforms and model programs. Revenue is gene...
Minth Group Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 25.74B | 23.15B | 20.52B | 17.31B | 13.92B |
| Gross Profit | 7.21B | 6.70B | 5.62B | 4.77B | 4.08B |
| EBITDA | 4.42B | 3.85B | 3.26B | 2.45B | 2.01B |
| Net Income | 2.69B | 2.32B | 1.90B | 1.50B | 1.50B |
Balance Sheet | |||||
| Total Assets | 42.32B | 38.76B | 37.55B | 33.27B | 29.64B |
| Cash, Cash Equivalents and Short-Term Investments | 5.77B | 2.95B | 4.75B | 4.38B | 5.60B |
| Total Debt | 9.86B | 8.50B | 9.77B | 8.30B | 7.26B |
| Total Liabilities | 17.89B | 17.50B | 18.41B | 15.58B | 13.09B |
| Stockholders Equity | 23.51B | 20.45B | 18.32B | 16.92B | 16.02B |
Cash Flow | |||||
| Free Cash Flow | 2.84B | 1.34B | 86.68M | -1.48B | -1.82B |
| Operating Cash Flow | 4.73B | 3.27B | 3.37B | 1.86B | 1.32B |
| Investing Cash Flow | -2.60B | -3.19B | -3.50B | -3.04B | -1.95B |
| Financing Cash Flow | -678.34M | -1.80B | 51.86M | -124.70M | 149.24M |
Minth Group Technical Analysis
Negative
36.12
Price Trends
33.28
Negative
35.28
Negative
33.98
Negative
Market Momentum
-2.10
Negative
44.12
Neutral
30.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0425, the sentiment is Negative. The current price of 36.12 is above the 20-day moving average (MA) of 28.96, above the 50-day MA of 33.28, and above the 200-day MA of 33.98, indicating a bearish trend. The MACD of -2.10 indicates Negative momentum. The RSI at 44.12 is Neutral, neither overbought nor oversold. The STOCH value of 30.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0425.
Minth Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$145.72B | 14.44 | 24.34% | 4.35% | 16.74% | 24.19% | |
68 Neutral | HK$21.87B | 12.29 | 12.24% | 2.03% | 0.22% | -23.29% | |
65 Neutral | HK$32.09B | 10.21 | 11.87% | 1.39% | 11.26% | 15.82% | |
62 Neutral | HK$9.76B | 12.21 | 4.88% | 1.02% | 7.11% | 65.26% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$11.14B | 68.63 | 8.45% | 1.37% | 24.97% | 0.39% | |
47 Neutral | HK$6.98B | -166.56 | -3.48% | ― | 6.97% | 76.15% |
* Consumer Cyclical Sector Average
HK:0425
Minth Group
28.66
6.79
31.04%
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Minth Group Corporate Events
Minth Group Updates Board and Committee Structure to Reinforce Governance
Jun 30, 2026
Minth Group Limited has announced the latest composition of its board of directors, confirming a mix of executive, non-executive, and independent non-executive directors led by Chairperson Wei Ching Lien. The structure underscores continued emphas...
Minth Group Shareholders Back All AGM Resolutions and Refresh Board Line-up
Jun 30, 2026
Shareholders of Minth Group Limited approved all resolutions at the annual general meeting held on 30 June 2026, including the adoption of the 2025 audited accounts and the declaration of a final dividend. The broad support for the resolutions und...
Minth Group Overhauls Board as R&D Chief Refocuses on Emerging Technologies
Jun 30, 2026
Minth Group Limited has reshaped its boardroom with shareholders approving the appointment of chief human resources officer Xu Hailan as an executive director and member of the remuneration committee at the annual general meeting held on 30 June 2...
Minth Group Sets June 2026 AGM to Approve Dividend, Board Mandates
Jun 5, 2026
Minth Group has called its annual general meeting for 30 June 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and consider a proposed final dividend. The meeting will also vote...
Minth Group Moves into Robotics with Taiwan Joint Venture Plan
May 11, 2026
Minth Group’s subsidiary UAT has signed a framework agreement with Mirle to develop intelligent robots and robotic dogs, marking a strategic push into advanced robotics beyond its traditional automotive components business. The collaboration...
Minth Group Reschedules 2026 AGM and Adjusts Dividend Timetable
Apr 30, 2026
Minth Group has rescheduled its 2026 annual general meeting from 5 June to 30 June 2026 to allow more time to finalize information for the meeting circular, including details on the re-election and appointment of directors. The change underscores ...
Minth Group Sets Final Dividend and Updates Key Dates for 2025 Payout
Apr 30, 2026
Minth Group Limited has declared a final ordinary cash dividend of HKD 0.764 per share for the financial year ended 31 December 2025, with shareholder approval scheduled for 30 June 2026. The company has also revised the date of its annual general...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.