Maike Tube Industry Holdings Limited (1553) AI Stock Analysis

• Market Cap: HK$650.70M
• Dividend Yield: 7.84%
• Average Volume (3M): 5.20K
• Price to Earnings (P/E): 4.1
• Beta (1Y): 0.26
• Revenue Growth: 17.69%
• EPS Growth: -9.99%
• Country: HK
• Employees: 1,229
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Steel
• EPS (TTM): 0.21
• Shares Outstanding: 433,800,000
• 10 Day Avg. Volume: 4,600
• 30 Day Avg. Volume: 5,200
• PEG Ratio: -0.73
• Price to Book (P/B): 0.52
• Price to Sales (P/S): 0.23
• P/FCF Ratio: -2.29
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: HK$1.50 ▼(-0.66% Downside)

Maike Tube Industry Holdings Limited's strong financial performance, characterized by robust revenue growth and a solid balance sheet, significantly bolsters its score. The undervaluation indicated by a low P/E ratio and high dividend yield further enhances its attractiveness. However, technical indicators suggest caution due to overbought conditions, which slightly moderates the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and demand for Maike Tube's products, supporting long-term business sustainability.

Balance Sheet Health

A low debt-to-equity ratio reflects prudent financial management, providing stability and flexibility for future growth opportunities.

Shareholder Confidence

Strong shareholder support for management decisions indicates confidence in the company's governance and strategic direction, fostering long-term stability.

Negative Factors

Cash Flow Management

Inconsistent cash flow generation can hinder the company's ability to invest in growth and manage operations effectively, posing a risk to financial health.

EBIT Margin Decline

A declining EBIT margin suggests rising operational costs, which could pressure profitability if not managed effectively over time.

EPS Growth Decline

A decline in EPS growth can indicate challenges in maintaining profitability, potentially affecting investor confidence and future earnings potential.

Maike Tube Industry Holdings Limited Business Overview & Revenue Model

Company Description

Maike Tube Industry Holdings Limited, through its subsidiaries, manufactures and sells standard prefabricated pipe nipples and steel pipe products in the People's Republic of China, the United States, rest of Asia, Europe, and internationally. The company's products include standard prefabricated steel, stainless, and brass pipe nipples, as well as coupling/sockets, welded outlets, and others; electric resistance welding and spiral submerged arc welded steel pipes; assembled piping systems; conduits; and customized steel pipes. It also engages in the design and supply of assembled piping systems. In addition, the company sells steel coils. It serves gas, as well as heating, ventilation, and air conditioning companies; and water supply companies, infrastructure and construction companies, wholesalers, and distributors. The company also exports its products to approximately 17 countries and regions. The company was founded in 2013 and is headquartered in Jinan, People's Republic of China.

How the Company Makes Money

Maike Tube Industry Holdings Limited generates revenue primarily through the sale of its steel pipes and related products. The company's key revenue streams include direct sales to construction and infrastructure projects, as well as contracts with oil and gas companies for the supply of specialized steel tubes. Additionally, Maike Tube may benefit from long-term partnerships with key clients, providing a stable revenue base. The company also focuses on optimizing production efficiency and reducing costs, which contributes to its profitability. Fluctuations in global steel prices and demand in the construction sector can significantly impact its earnings.

Maike Tube Industry Holdings Limited Financial Statement Overview

Summary

Maike Tube Industry Holdings Limited exhibits strong revenue growth and maintains a robust balance sheet with low leverage. While profitability and capital structure are commendable, cash flow management needs attention to ensure sustainable financial health.

Income Statement

Maike Tube Industry Holdings Limited has demonstrated strong revenue growth over the past years, increasing from 1,125 million in 2019 to 2,574 million in 2024. The gross profit margin and net profit margin have remained stable around 14%-15% and 5%-6% respectively, indicating consistent profitability. However, there is a slight decline in EBIT margin over the years, which could indicate rising operational costs.

Balance Sheet

The company maintains a healthy balance sheet with a low debt-to-equity ratio of 0.06 in 2024, showing a conservative approach to leverage. The equity ratio is strong at around 53%, indicating a solid capital structure. However, the return on equity has shown slight fluctuations, indicating varying efficiencies in using equity capital.

Cash Flow

Cash flow analysis shows fluctuations in free cash flow, with negative values in some years, reflecting potential issues in cash generation. However, the company has managed to improve its cash position significantly by 2024. The operating cash flow to net income ratio demonstrates periods of cash flow challenges, highlighting a need for better cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.69B	2.57B	2.19B	2.11B	1.78B	1.26B
Gross Profit	431.23M	378.42M	383.54M	390.92M	329.32M	267.49M
EBITDA	184.66M	171.70M	199.01M	169.82M	123.08M	124.99M
Net Income	147.22M	142.34M	153.73M	139.69M	116.02M	99.53M
Balance Sheet
Total Assets	2.15B	2.13B	1.70B	1.28B	1.23B	998.64M
Cash, Cash Equivalents and Short-Term Investments	343.81M	288.38M	90.43M	57.76M	86.55M	174.75M
Total Debt	59.07M	72.29M	42.96M	83.39M	176.28M	64.89M
Total Liabilities	973.99M	992.82M	644.34M	342.57M	395.99M	243.22M
Stockholders Equity	1.18B	1.14B	1.05B	934.58M	826.63M	755.43M
Cash Flow
Free Cash Flow	-246.18M	-258.23M	-46.32M	127.68M	-160.28M	151.79M
Operating Cash Flow	-190.10M	-158.94M	-20.39M	177.85M	22.67M	184.46M
Investing Cash Flow	-115.72M	-158.46M	-180.75M	-74.60M	-80.42M	-130.91M
Financing Cash Flow	339.83M	322.30M	214.54M	-136.09M	57.81M	-179.33M

Maike Tube Industry Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.51
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1553, the sentiment is Positive. The current price of 1.51 is below the 20-day moving average (MA) of 1.51, above the 50-day MA of 1.50, and above the 200-day MA of 1.38, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.25 is Neutral, neither overbought nor oversold. The STOCH value of 24.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1553.

Maike Tube Industry Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1553	73 Outperform	HK$650.70M	4.10	13.01%	7.84%	17.69%	-9.99%
1203	71 Outperform	HK$735.15M	4.62	6.32%	5.81%	16.92%	146.69%
6890	68 Neutral	HK$221.28M	5.01	4.73%	―	-20.52%	-68.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
1938	61 Neutral	HK$267.95M	0.98	19.13%	―	-13.26%	63.38%
1090	49 Neutral	HK$1.08B	-2.42	-15.58%	―	-8.38%	-86.16%

Maike Tube Industry Holdings Limited Corporate Events

Maike Tube Industry Updates CEO Emoluments in Annual Reports

Maike Tube Industry Holdings Limited has issued a supplemental announcement regarding its 2023 and 2024 annual reports, specifically providing additional information about the emoluments of its former CEO, Mr. Zhou Zhi Wei. Mr. Zhou served as CEO from August 2023 to December 2024, with his total emoluments amounting to RMB 416,000 for FY2023 and RMB 565,000 for FY2024. This update does not alter any other information in the annual reports.

The most recent analyst rating on (HK:1553) stock is a Buy with a HK$1.50 price target. To see the full list of analyst forecasts on Maike Tube Industry Holdings Limited stock, see the HK:1553 Stock Forecast page.