China Mengniu Dairy Co Ltd
Summary (from latest quarterly report – 2015)
- Total equity : 3.27 billion USD
- Market Cap is 5.54 billion USD ( last price of the stock is 10.96 HKD = 1.41 USD)
- China Mengniu Dairy Co Ltd & its subsidiaries are engaged in the manufacture & distribution of dairy products in China. Its products range includes liquid milk products, such as UHT milk, milk beverages and yogurt, ice cream & other dairy products
- Equity of total company decreased from 3.28 billion USD in 2014 to 3.27 billion in 2015
- Company has 1.31 billion USD in cash on account
- Total equity – cash on account = 3.27 billion usd – 1.31 billion usd = 1.96 billion usd
- In 2015 company has 820 million usd long-term debt, short – term debt was 798 million
In 2014 company had 835 million usd long-term debt, short-term debt was 683 million
- China Mengniu Dairy balance sheet has become a little weaker in 2015 (In latest quarterly report - total equity decreased to 3.27 billion USD from 3.28 in 2014, total debt was 1.618 billion usd in 2015)
- Company's revenue increased in latest annual report to 7.65 billion usd from 6.63 billion in 2013
- Net income in 2014 was 360 million usd, net income in 2013 was 250 million usd
- In 2014 company paid 60 million usd dividend to its shareholders
China Mengniu Dairy subsidiaies
China Mengniu Dairy Co Ltd & its subsidiaries are engaged in the manufacture & distribution of dairy products in China. Its products range includes liquid milk products, such as UHT milk, milk beverages and yogurt, ice cream & other dairy products. Founded in 1999, Mengniu Dairy has evolved to become China’s second-largest dairy product manufacturer. China Mengniu Dairy standalone subsidiaries are :
- Start Great Holdings Limited – worth 35 million usd
- Mengniu (China) Investment Company Limited - worth 250 million usd
- China Mengniu International Co – worth 2 billion usd
- Hubei Frealth Dairy Co - worth 30 million usd
- Inner Mongolia subsidiaries- worth 600 million usd
- Shijiazhuang Junlebao Dairy Co - worth 20 million usd
- Aspen Ventures Ltd - worth 120 million usd
- Aspen Foods - worth 110 million usd
- China Mengniu Dairy acquired Yashili International, one of the country’s leading makers of infant milk formula and baby food, in a deal worth 12.45 billion Hong Kong dollars (1.6 billion usd)
Total =4.76 billion usd
Opinion about the company
Fundamentally it is a good company and in the future we can expect its growth (Total debt is not small (1.618 billion usd), company has 1.31 billion USD in cash on account, ROE is around 12%).