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1. Company Snapshot

1.a. Company Description

MingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China.The company serves sizeable logistics companies, freight forwarders, and warehouse operators.As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers.


MingZhu Logistics Holdings Limited was founded was founded in 2002 and is headquartered in Shenzhen, the People's Republic of China.

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1.b. Last Insights on YGMZ

MingZhu Logistics Holdings Limited's recent performance was negatively driven by the lingering impact of the COVID-19 pandemic, which severely disrupted its core logistics business. The company's focus on rebuilding its core business has been ongoing, but the efforts have yet to yield significant results. Additionally, the company's financial results for the six months ended June 30, 2024, showed a decline in revenue and profitability, indicating ongoing challenges.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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MingZhu Logistics Holdings Limited Announces Subsidiary's Launch of Next-Gen AI Robot Dog

Dec -01

Source: globenewswire.com

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MingZhu's Tech Subsidiary Secures Major Robot Dog Deal

Nov -28

Source: globenewswire.com

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Univest Securities, LLC Announces Closing of $8.0 Million Registered Direct Offering for its Client MingZhu Logistics Holdings Limited (NASDAQ: YGMZ)

Nov -26

Source: globenewswire.com

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MINGZHU LOGISTICS HOLDINGS LIMITED Announces $8 Million Registered Direct Offering

Nov -25

Source: globenewswire.com

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Mingzhu Logistic Limited Announces 1-For-16 Reverse Share Split

Nov -07

Source: globenewswire.com

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Mingzhu Logistic Limited Receives Nasdaq Delisting Notice Subject to Hearing Request

Oct -23

Source: globenewswire.com

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MingZhu Logistics Plans to Partner with Muamau Mall to Jointly Explore the Vietnam and the U.S. Markets

Jul -09

Source: globenewswire.com

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MingZhu Logistics Enters Share Purchase Agreement to Acquire Mingzhuchun

Jul -03

Source: globenewswire.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.99%)

6. Segments

Trucking Services

Expected Growth: 8.5%

Growing e-commerce demand, increasing need for efficient logistics, and government investments in infrastructure development are expected to drive the growth of the trucking services market, benefiting MingZhu Logistics Holdings Limited.

Car Owner Services

Expected Growth: 15.4%

Growing car ownership in China, increasing demand for convenient and one-stop services, and MingZhu's expanding network of service centers drive growth in the Car Owner Services segment.

Liquor Distribution

Expected Growth: 8.5%

Growing demand for liquor products, increasing need for efficient logistics, and expansion of e-commerce platforms drive the growth of MingZhu Logistics Holdings Limited's Liquor Distribution segment.

7. Detailed Products

International Freight Forwarding

MingZhu Logistics Holdings Limited provides international freight forwarding services, including air and ocean freight, customs clearance, and warehousing.

Domestic Logistics

The company offers domestic logistics services, including trucking, warehousing, and distribution, to support the transportation of goods within China.

Supply Chain Management

MingZhu Logistics Holdings Limited provides supply chain management services, including procurement, inventory management, and order fulfillment.

Warehousing and Distribution

The company operates a network of warehouses and distribution centers, providing storage, inventory management, and order fulfillment services.

Customs Brokerage

MingZhu Logistics Holdings Limited provides customs brokerage services, including customs clearance, compliance, and trade consulting.

E-commerce Logistics

The company offers e-commerce logistics services, including last-mile delivery, returns management, and logistics consulting.

8. MingZhu Logistics Holdings Limited's Porter Forces

Forces Ranking

Threat Of Substitutes

MingZhu Logistics Holdings Limited operates in a highly competitive industry, but the threat of substitutes is mitigated by the company's strong brand recognition and customer loyalty.

Bargaining Power Of Customers

MingZhu Logistics Holdings Limited's customers have significant bargaining power due to the availability of alternative logistics providers, which puts pressure on the company to maintain competitive pricing and service quality.

Bargaining Power Of Suppliers

MingZhu Logistics Holdings Limited has a diversified supplier base, which reduces the bargaining power of individual suppliers, allowing the company to negotiate better prices and terms.

Threat Of New Entrants

While there are barriers to entry in the logistics industry, new entrants can still pose a threat to MingZhu Logistics Holdings Limited's market share, particularly if they offer innovative services or competitive pricing.

Intensity Of Rivalry

The logistics industry is highly competitive, with many established players competing for market share, which increases the intensity of rivalry and puts pressure on MingZhu Logistics Holdings Limited to differentiate itself and maintain its market position.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 30.99%
Debt Cost 3.95%
Equity Weight 69.01%
Equity Cost 10.42%
WACC 8.42%
Leverage 44.90%

11. Quality Control: MingZhu Logistics Holdings Limited passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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APWC

A-Score: 6.1/10

Value: 8.1

Growth: 6.3

Quality: 5.0

Yield: 0.0

Momentum: 9.0

Volatility: 8.0

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Sunrise New Energy Co

A-Score: 5.5/10

Value: 9.4

Growth: 4.7

Quality: 6.0

Yield: 0.0

Momentum: 9.5

Volatility: 3.7

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Freightos

A-Score: 5.3/10

Value: 6.9

Growth: 5.3

Quality: 4.5

Yield: 0.0

Momentum: 10.0

Volatility: 5.3

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Stellantis

A-Score: 4.8/10

Value: 9.1

Growth: 3.1

Quality: 5.5

Yield: 0.0

Momentum: 7.5

Volatility: 3.3

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Heartland Express

A-Score: 4.3/10

Value: 8.9

Growth: 3.7

Quality: 3.8

Yield: 2.0

Momentum: 1.0

Volatility: 6.3

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MingZhu Logistics Holdings

A-Score: 3.1/10

Value: 4.8

Growth: 4.1

Quality: 5.2

Yield: 0.0

Momentum: 2.5

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.08$

Current Price

0.08$

Potential

-0.00%

Expected Cash-Flows