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Lee & Man Paper Manufacturing Limited (2314.HK)

HKD3.33 +0.01 (+0.30%)
HK HKSE Basic Materials Paper, Lumber & Forest Products
Address Liven House
Kwun Tong, HK
CEO Man Bun Lee
Website leemanpaper.com
IPO 2003-09-26
ISIN KYG5427W1309

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Also trades on Hong Kong Stock Exchange · 2314.HK (HKD) Other OTC · LMPMF (USD) Other OTC · LMPMY (USD)
Description

Lee & Man Paper Manufacturing Limited, primarily an investment holding firm, produces and distributes a diverse range of packaging papers, pulps, and tissue papers. Its operations span across key Asian markets including mainland China, Vietnam, Malaysia, Macau, and Hong Kong. The company's business activities are structured into three main divisions: Packaging Paper, Tissue Paper, and Pulp. Its pulp offerings are extensive, featuring dissolved pulps essential for manufacturing products like viscose chemical fibers, bamboo fibers, specialty glass papers, acetate fibers, and refined rayons. Additionally, it provides unbleached bamboo kraft pulps, ideal for ecru life papers, eco-friendly tableware, and food bags, alongside bleached bamboo kraft pulps, which find applications in tissue papers, fine papers, cigarette papers, and cup papers. Furthermore, Lee & Man manufactures containerboard products, encompassing kraft and test linerboards widely used in the production of cartons, paper bags, file boxes, general paperboards, and wall coverings. It also supplies corrugating liners, crucial components for the corrugated and septi-layers of paperboards, as well as for honeycomb-structured products. The product portfolio further extends to white lined chipboards and eco-conscious white linerboard coated products, vital for graphic cartons, color card printing, and offset printing. These materials are extensively utilized in packaging for a broad spectrum of items, including everyday commodities, household appliances, IT goods, pharmaceuticals, food, toys, gifts, ceramics, stationery, and beverages. The company also produces toilet rolls, designed for hygiene purposes such as hand, face, and food cleaning, alongside unbleached paper tailored for diverse applications like baby care, feminine hygiene, facial use, sensitive skin products, and general table and kitchen needs. Established in 1994, the company's headquarters are located in Kwun Tong, Hong Kong.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD3.33 +0.01 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
5M
Beta
0.99
Float Shares
1.15B
Free Float %
26.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.33% -0.33% -10.09% -21.71% -3.19% +8.21% +40.28% +11.81% -55.24% -40.70% +172.97%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.33
Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.49
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Paper, Lumber & Forest Products: +0.4%
    +2.5% ★ Q4'25: +13.2% (vs Q4'23)
  • ✓
    EPS growth Paper, Lumber & Forest Products: -12.0%
    +45.2% ★ Q4'25: +52.9% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Paper, Lumber & Forest Products: +37.3%
    +11.8% ★ Q4'25: +9.1% (vs Q4'23)
  • ✗
    EBIT margin Paper, Lumber & Forest Products: +5.4%
    +7.1% ★ Q4'25: +7.4% (vs Q4'23)
  • ✗
    ROIC Paper, Lumber & Forest Products: +2.9%
    +3.3% ★ Q4'25: +7.5% (vs Q4'23)
  • ✓
    Share dilution Paper, Lumber & Forest Products: +0.0%
    0.0% ★ Q4'25: -0.3% (vs Q4'23)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Paper, Lumber & Forest Products: 0.66×
    9.95× Q4'25: 9.19× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.01) × ERP
WACC = 38% × Ke + 62% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Current price: 3.33
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
2 Rev. Ana.
2 EPS Ana. 		Dec 2027
2 Rev. Ana.
2 EPS Ana. 		Dec 2028
2 Rev. Ana.
2 EPS Ana.
Revenue
16.97B
est: 17.40B (-2.5%)
17.10B
est: 18.12B (-5.7%)
17.62B
est: 17.58B (+0.2%)
18.34B
est: 18.56B (-1.2%)
25.84B
est: 26.19B (-1.3%)
32.21B
est: 31.47B (+2.3%)
27.14B
est: 27.73B (-2.1%)
25.87B
est: 26.66B (-3.0%)
32.51B
est: 31.76B (+2.4%)
29.17B
est: 31.27B (-6.7%)
24.94B
est: 25.24B (-1.2%)
26.00B
est: 26.87B (-3.2%)
26.64B
est: 26.52B (+0.4%)
28.27B
27.88B – 28.65B
+6.6% YoY
29.52B
28.48B – 30.57B
+4.4% YoY
30.88B
30.88B – 30.88B
+4.6% YoY
EBITDA
3.02B
est: 1.83B (+65.5%)
3.24B
est: 2.82B (+14.8%)
3.76B
est: 2.80B (+34.2%)
3.58B
est: 3.59B (-0.2%)
6.60B
est: 4.68B (+41.1%)
6.54B
est: 7.47B (-12.5%)
4.50B
est: 5.19B (-13.3%)
4.67B
est: 3.61B (+29.4%)
4.04B
est: 3.98B (+1.4%)
1.77B
est: 4.37B (-59.4%)
1.86B
est: 2.14B (-12.8%)
2.19B
est: 2.26B (-2.9%)
2.12B
est: 2.25B (-5.7%)
2.39B
2.36B – 2.43B
+6.6% YoY
2.50B
2.41B – 2.59B
+4.4% YoY
2.62B
2.61B – 2.62B
+4.6% YoY
EBIT
2.34B
est: 1.70B (+37.5%)
2.42B
est: 2.44B (-0.6%)
2.91B
est: 2.41B (+20.3%)
3.52B
est: 3.02B (+16.6%)
6.51B
est: 5.04B (+29.1%)
6.45B
est: 7.77B (-17.0%)
4.35B
est: 5.62B (-22.7%)
4.49B
est: 4.08B (+10.1%)
3.87B
est: 4.49B (-13.9%)
1.58B
est: 4.93B (-67.9%)
1.69B
est: 1.95B (-13.3%)
1.94B
est: 2.06B (-5.9%)
1.90B
est: 2.05B (-7.3%)
2.19B
2.16B – 2.21B
+6.6% YoY
2.28B
2.20B – 2.36B
+4.4% YoY
2.39B
2.39B – 2.39B
+4.6% YoY
Net Income
1.95B
est: 1.87B (+3.9%)
1.90B
est: 2.03B (-6.1%)
2.33B
est: 1.90B (+22.9%)
2.86B
est: 2.42B (+18.1%)
5.04B
est: 4.10B (+22.9%)
4.88B
est: 6.01B (-18.8%)
3.30B
est: 4.26B (-22.5%)
3.65B
est: 3.10B (+17.9%)
3.25B
est: 3.41B (-4.8%)
1.32B
est: 695.72M (+89.2%)
1.05B
est: 1.50B (-30.1%)
1.36B
est: 1.28B (+6.1%)
1.94B
est: 1.68B (+15.4%)
2.15B
2.04B – 2.24B
+27.9% YoY
2.27B
2.18B – 2.36B
+5.5% YoY
2.40B
2.37B – 2.44B
+5.6% YoY
SGA
934.05M
est: 1.27B (-26.5%)
1.04B
est: 972.70M (+6.8%)
1.11B
est: 1.04B (+7.6%)
1.13B
est: 1.16B (-2.7%)
1.73B
est: 1.66B (+3.8%)
2.10B
est: 2.06B (+2.1%)
1.78B
est: 1.89B (-6.1%)
1.88B
est: 1.72B (+9.5%)
2.57B
est: 1.89B (+36.0%)
2.02B
est: 2.08B (-2.6%)
1.71B
est: 1.85B (-7.6%)
1.95B
est: 1.96B (-0.2%)
2.00B
est: 1.95B (+2.5%)
2.08B
2.05B – 2.10B
+6.6% YoY
2.17B
2.09B – 2.25B
+4.4% YoY
2.27B
2.27B – 2.27B
+4.6% YoY
EPS
0.42
est: 0.44 (-3.7%)
0.41
est: 0.43 (-5.2%)
0.50
est: 0.48 (+3.6%)
0.63
est: 0.65 (-3.0%)
1.11
est: 1.12 (-0.6%)
1.10
est: 1.16 (-5.1%)
0.74
est: 0.73 (+1.0%)
0.81
est: 0.75 (+8.5%)
0.72
est: 0.89 (-18.8%)
0.27
est: 0.31 (-12.1%)
0.24
est: 0.35 (-31.3%)
0.31
est: 0.30 (+4.0%)
0.45
est: 0.40 (+13.5%)
0.50
0.47 – 0.52
+25.7% YoY
0.53
0.51 – 0.55
+6.1% YoY
0.56
0.55 – 0.57
+5.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-28 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-27 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-26 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-22 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-21 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-20 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-19 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-18 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-15 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-14 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-13 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-12 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-11 A- 4/5 4/5 4/5 4/5 1/5 3/5 5/5
2026-05-08 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-05-07 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-05-06 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-05-05 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-05-04 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-30 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-29 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-28 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-27 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-24 A- 4/5 4/5 3/5 5/5 1/5 3/5 5/5
2026-04-23 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-04-22 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-04-21 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-04-20 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-04-17 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5
2026-04-16 A 4/5 4/5 4/5 5/5 1/5 3/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-5.67B
OE per share TTM
-1.31
Owner's Yield
-43.53%
Maintenance CapEx ratio
116.76%
Maint CapEx / Avg PPE
137.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 75 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI China Small-Cap ETF ECNS 0.31% 203.4K 0.59%
2 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.10% 339.3K 0.58%
3 First Trust Developed Markets ex-US Small Cap AlphaDEX Fund FDTS 0.07% 9.4K 0.80%
4 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.06% 420.9K 0.65%
5 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.04% 32.4K 0.74%
6 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.04% 138.1K 0.72%
7 State Street SPDR S&P China ETF GXC 0.04% 161.7K 0.59%
8 Schwab Fundamental International Small Company Index ETF FNDC 0.03% 1.04M 0.39%
9 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.03% 38.2K 0.42%
10 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.03% 92.5K 0.74%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
190.0K
Shares Outstanding
4.30B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Man Chun Lee Founder & Executive Chairman 18M —
Man Bun Lee Chief Executive Officer & Executive Director 18M male
King Wai Li Deputy GM & Executive Director 5M male
Chung Lee Deputy GM & Executive Director 5M male
Heong Kan Yip GM & Executive Director 4M male
Kit Yu Financial Controller & Company Secretary — female
Yuen Ling Li Senior Finance Manager — female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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