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MARKETS CLOSED · LAST TRADE Thu 03:29 UTC
8473$0.1157

MI Ming Mart Holdings Ltd

Miscellaneous Specialty RetailersVerified
Score breakdown
Valuation+33Profitability+32Sentiment+30Risk penalty-3
Quality breakdown
Key fields100Profile38Conclusion98AI synthesis40Observations3

MI Ming Mart Holdings Ltd has a market capitalization of HKD 118.72 million and a price-to-earnings ratio of 23.38, which is above the median for the Specialty Retail industry. The company's liquidity position is characterized by a current ratio of 1.35, indicating moderate short-term liquidity [doc:HA-latest]. The enterprise value to EBITDA ratio is 19.00, and the enterprise value to revenue ratio is 1.07, suggesting a relatively modest valuation compared to revenue [doc:HA-latest]. The company's profitability is reflected in a return on equity of 4.87% and a return on assets of 3.28%, both of which are below the industry median for Specialty Retailers. The operating margin is 5.61% (calculated from operating income of HKD 6.66 million on revenue of HKD 118.74 million), and the net profit margin is 4.28% (HKD 5.08 million on HKD 118.74 million in revenue) [doc:HA-latest]. These metrics suggest that the company is generating returns, but at a pace that is not outpacing the industry average. The company's revenue is derived from a mix of physical retail stores, an online shop, and consignment sales. The geographic exposure is not disclosed in the input data, but the company's operations are primarily in Hong Kong. The revenue concentration is not specified, but the company's reliance on a single brand and a limited number of product categories may pose a concentration risk [doc:HA-latest]. The company's growth trajectory is modest, with no specific numeric deltas provided for the current or next fiscal year. The capital expenditure of HKD -1.47 million indicates a reduction in investment in physical assets, which may be a strategic shift toward digital or more efficient operations [doc:HA-latest]. The company's free cash flow of HKD 4.37 million suggests that it is generating positive cash flow from operations after capital expenditures [doc:HA-latest]. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.08, which is relatively low, and the total liabilities of HKD 50.32 million are significantly less than the total equity of HKD 104.31 million. However, the company has a negative net cash position after subtracting total debt, which could be a concern for liquidity [doc:HA-latest]. Recent events include the company's continued operation of its online shop and physical stores, with no specific filings or transcripts provided in the input data. The company's strategy appears to be focused on maintaining its retail operations and expanding its online presence [doc:HA-latest].

Profile
CompanyMI Ming Mart Holdings Ltd
Ticker8473.HK
SectorConsumer Cyclicals
BusinessRetailers
Industry groupRetailers
IndustryMiscellaneous Specialty Retailers
AI analysis

Business. MI Ming Mart Holdings Ltd operates retail stores under the MI MING MART brand, selling skincare, cosmetics, food, and health supplements through physical stores, an online shop, and distributors [doc:HA-latest].

Classification. The company is classified under Miscellaneous Specialty Retailers in the Consumer Cyclicals economic sector, with a confidence level of 0.92 [doc:verified market data].

MI Ming Mart Holdings Ltd has a market capitalization of HKD 118.72 million and a price-to-earnings ratio of 23.38, which is above the median for the Specialty Retail industry. The company's liquidity position is characterized by a current ratio of 1.35, indicating moderate short-term liquidity [doc:HA-latest]. The enterprise value to EBITDA ratio is 19.00, and the enterprise value to revenue ratio is 1.07, suggesting a relatively modest valuation compared to revenue [doc:HA-latest]. The company's profitability is reflected in a return on equity of 4.87% and a return on assets of 3.28%, both of which are below the industry median for Specialty Retailers. The operating margin is 5.61% (calculated from operating income of HKD 6.66 million on revenue of HKD 118.74 million), and the net profit margin is 4.28% (HKD 5.08 million on HKD 118.74 million in revenue) [doc:HA-latest]. These metrics suggest that the company is generating returns, but at a pace that is not outpacing the industry average. The company's revenue is derived from a mix of physical retail stores, an online shop, and consignment sales. The geographic exposure is not disclosed in the input data, but the company's operations are primarily in Hong Kong. The revenue concentration is not specified, but the company's reliance on a single brand and a limited number of product categories may pose a concentration risk [doc:HA-latest]. The company's growth trajectory is modest, with no specific numeric deltas provided for the current or next fiscal year. The capital expenditure of HKD -1.47 million indicates a reduction in investment in physical assets, which may be a strategic shift toward digital or more efficient operations [doc:HA-latest]. The company's free cash flow of HKD 4.37 million suggests that it is generating positive cash flow from operations after capital expenditures [doc:HA-latest]. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.08, which is relatively low, and the total liabilities of HKD 50.32 million are significantly less than the total equity of HKD 104.31 million. However, the company has a negative net cash position after subtracting total debt, which could be a concern for liquidity [doc:HA-latest]. Recent events include the company's continued operation of its online shop and physical stores, with no specific filings or transcripts provided in the input data. The company's strategy appears to be focused on maintaining its retail operations and expanding its online presence [doc:HA-latest].
Key takeaways
  • MI Ming Mart Holdings Ltd has a market capitalization of HKD 118.72 million and a price-to-earnings ratio of 23.38.
  • The company's return on equity is 4.87%, and its return on assets is 3.28%, both below the industry median.
  • The company's liquidity position is moderate, with a current ratio of 1.35 and a debt-to-equity ratio of 0.08.
  • The company's growth trajectory is not clearly defined, with no specific numeric deltas provided for the current or next fiscal year.
  • The company's risk assessment indicates a medium liquidity risk and a low dilution risk.
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Financial snapshot
PeriodHA-latest
CurrencyHKD
Revenue$118.7M
Gross profit$73.0M
Operating income$6.7M
Net income$5.1M
R&D
SG&A
D&A
SBC
Operating cash flow$21.2M
CapEx-$1.5M
Free cash flow$4.4M
Total assets$154.6M
Total liabilities$50.3M
Total equity$104.3M
Cash & equivalents
Long-term debt$7.9M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
FY0$118.7M$6.7M$5.1M$4.4M
FY-1$148.8M$18.5M$14.9M$8.2M
FY-2$171.4M$25.7M$20.7M$12.5M
FY-3$161.0M$25.0M$20.1M-$2.3M
FY-4$148.9M$33.3M$27.1M$40.9M
PeriodGross %Op %Net %FCF %
FY0
FY-1
FY-2
FY-3
FY-4
PeriodAssetsEquityCashDebt
FY0$154.6M$104.3M
FY-1$165.6M$141.9M
FY-2$177.4M$144.9M
FY-3$177.9M$145.5M
FY-4$181.7M$152.2M
PeriodOCFCapExFCFSBC
FY0$21.2M-$1.5M$4.4M
FY-1$18.8M-$3.1M$8.2M
FY-2$40.4M-$1.9M$12.5M
FY-3$38.6M-$10.6M-$2.3M
FY-4$47.0M-$2.2M$40.9M
Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6-$33.0k
FQ-7
PeriodGross %Op %Net %FCF %
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6
FQ-7
PeriodAssetsEquityCashDebt
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6$165.6M$141.9M
FQ-7
PeriodOCFCapExFCFSBC
FQ0
FQ-1
FQ-2
FQ-3
FQ-4
FQ-5
FQ-6$18.8M-$3.1M-$33.0k
FQ-7
Valuation
Market price$0.11
Market cap$118.7M
Enterprise value$126.6M
P/E23.4
Reported non-GAAP P/E
EV/Revenue1.1
EV/Op income19.0
EV/OCF6.0
P/B1.1
P/Tangible book1.1
Tangible book$104.3M
Net cash-$7.9M
Current ratio1.4
Debt/Equity0.1
ROA3.3%
ROE4.9%
Cash conversion4.2%
CapEx/Revenue-1.2%
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Retailers · cohort 2 companies
Metric8473Activity
Op margin5.6%20.7% medp25 18.7% · p75 22.8%bottom quartile
Net margin4.3%15.6% medp25 13.4% · p75 17.7%bottom quartile
Gross margin61.5%31.0% medp25 19.6% · p75 40.5%top quartile
R&D / revenue0.4% medp25 0.4% · p75 0.4%
CapEx / revenue-1.2%4.6% medp25 3.2% · p75 5.9%bottom quartile
Debt / equity8.0%39.3% medp25 19.7% · p75 97.3%bottom quartile
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-02 03:52 UTC#981e1e1a
Market quoteclose HKD 0.11 · shares 1.12B diluted
no public URL
2026-05-02 03:52 UTC#2046f2be
Source: analysis-pipeline (hybrid)Generated: 2026-05-02 03:54 UTCJob: 6fc36e76