MMG LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.71 HKD | +5.70% |
|
-5.12% | +60.61% |
| Apr. 25 | MMG Interim CEO Steps Down; Successor Named | MT |
| Apr. 24 | MMG Limited Announces CEO Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,420 | 3,507 | 2,770 | 2,213 | 2,561 | 4,102 | - | - |
| Enterprise Value (EV) 1 | 9,991 | 10,642 | 7,944 | 7,297 | 6,862 | 8,109 | 7,028 | 6,379 |
| P/E ratio | -10.5 x | -54.3 x | 4.08 x | 12.9 x | 296 x | 22.3 x | 6.65 x | 5.7 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 0.8 x | 1.16 x | 0.65 x | 0.68 x | 0.59 x | 0.99 x | 0.75 x | 0.77 x |
| EV / Revenue | 3.29 x | 3.51 x | 1.87 x | 2.24 x | 1.58 x | 1.96 x | 1.28 x | 1.2 x |
| EV / EBITDA | 6.84 x | 7.71 x | 2.91 x | 4.75 x | 4.69 x | 4.64 x | 2.55 x | 2.16 x |
| EV / FCF | 14.9 x | 12.6 x | 4.01 x | 27.3 x | 6.47 x | 12.4 x | 5.41 x | 4.07 x |
| FCF Yield | 6.69% | 7.93% | 24.9% | 3.67% | 15.4% | 8.07% | 18.5% | 24.6% |
| Price to Book | 2.39 x | 3.62 x | 1.43 x | 1.03 x | 1.21 x | 1.7 x | 1.38 x | 1.13 x |
| Nbr of stocks (in thousands) | 8,054,787 | 8,067,034 | 8,639,126 | 8,639,767 | 8,656,047 | 8,656,047 | - | - |
| Reference price 2 | 0.3004 | 0.4347 | 0.3207 | 0.2561 | 0.2958 | 0.4739 | 0.4739 | 0.4739 |
| Announcement Date | 3/4/20 | 3/3/21 | 3/24/22 | 3/7/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,032 | 3,034 | 4,255 | 3,254 | 4,346 | 4,140 | 5,475 | 5,332 |
| EBITDA 1 | 1,462 | 1,380 | 2,725 | 1,535 | 1,462 | 1,747 | 2,760 | 2,954 |
| EBIT 1 | 491.9 | 451.9 | 1,827 | 745.3 | 531.7 | 857.7 | 1,862 | 1,419 |
| Operating Margin | 16.22% | 14.9% | 42.95% | 22.9% | 12.23% | 20.72% | 34.02% | 26.62% |
| Earnings before Tax (EBT) 1 | -20 | 52.4 | 1,504 | 460.5 | 189.6 | 455 | 1,602 | 1,492 |
| Net income 1 | -230.4 | -64.7 | 667.1 | 172.4 | 9 | 179.2 | 483.7 | 572.2 |
| Net margin | -7.6% | -2.13% | 15.68% | 5.3% | 0.21% | 4.33% | 8.84% | 10.73% |
| EPS 2 | -0.0286 | -0.008000 | 0.0786 | 0.0198 | 0.001000 | 0.0212 | 0.0712 | 0.0831 |
| Free Cash Flow 1 | 668.8 | 843.6 | 1,982 | 267.6 | 1,060 | 654 | 1,299 | 1,568 |
| FCF margin | 22.06% | 27.81% | 46.58% | 8.22% | 24.39% | 15.8% | 23.73% | 29.41% |
| FCF Conversion (EBITDA) | 45.76% | 61.14% | 72.72% | 17.43% | 72.5% | 37.43% | 47.06% | 53.09% |
| FCF Conversion (Net income) | - | - | 297.08% | 155.22% | 11,776.67% | 364.93% | 268.57% | 274.04% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 3/3/21 | 3/24/22 | 3/7/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,645 | 1,191 | 1,842 | 2,434 | 1,822 | 1,408 | 1,846 | 1,896 | 2,450 | 1,781 | 2,289 | 3,410 | 3,413 |
| EBITDA | - | 383.6 | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -23.3 | - | 1,045 | 782.8 | 300.6 | 444.7 | - | 341.8 | 278.6 | 498.6 | 1,595 | 1,508 |
| Operating Margin | - | -1.96% | - | 42.93% | 42.98% | 21.35% | 24.09% | - | 13.95% | 15.64% | 21.78% | 46.77% | 44.18% |
| Earnings before Tax (EBT) | - | -243.7 | - | - | - | - | - | - | - | - | - | - | - |
| Net income | - | -158 | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | -13.26% | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | -0.0185 | -0.0196 | 0.0116 | 0.0486 | 0.0300 | 0.009200 | - | -0.006800 | 0.007800 | - | 0.0200 | 0.0800 | 0.0800 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/4/20 | 8/19/20 | 3/3/21 | 8/18/21 | 3/24/22 | 8/18/22 | 3/7/23 | 8/15/23 | 3/5/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 7,572 | 7,136 | 5,174 | 5,085 | 4,301 | 4,007 | 2,926 | 2,276 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 5.181 x | 5.172 x | 1.898 x | 3.312 x | 2.942 x | 2.293 x | 1.06 x | 0.7707 x |
| Free Cash Flow 1 | 669 | 844 | 1,982 | 268 | 1,060 | 654 | 1,299 | 1,568 |
| ROE (net income / shareholders' equity) | -20.3% | -6.6% | 46.5% | 8.47% | 0.42% | 8.07% | 18.1% | 19.4% |
| ROA (Net income/ Total Assets) | -1.78% | -0.5% | 5.27% | 1.35% | 0.07% | 1.87% | 4.9% | 5.36% |
| Assets 1 | 12,961 | 12,940 | 12,661 | 12,780 | 12,212 | 9,584 | 9,878 | 10,682 |
| Book Value Per Share 2 | 0.1300 | 0.1200 | 0.2200 | 0.2500 | 0.2500 | 0.2800 | 0.3400 | 0.4200 |
| Cash Flow per Share 2 | 0.1400 | 0.1700 | 0.3000 | 0.1000 | 0.2100 | 0.1400 | 0.1700 | 0.2000 |
| Capex 1 | 476 | 515 | 570 | 565 | 790 | 800 | 584 | 584 |
| Capex / Sales | 15.71% | 16.96% | 13.39% | 17.35% | 18.18% | 19.32% | 10.66% | 10.95% |
| Announcement Date | 3/4/20 | 3/3/21 | 3/24/22 | 3/7/23 | 3/5/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.4739
USD
Average target price
0.4495
USD
Spread / Average Target
-5.15%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +60.61% | 4.1B | |
| +35.87% | 90.41B | |
| +18.63% | 72.53B | |
| -.--% | 27.75B | |
| +48.73% | 10.49B | |
| +24.16% | 9.2B | |
| +12.94% | 8.86B | |
| -8.73% | 6.9B | |
| +44.50% | 6.78B | |
| +23.28% | 5.19B |
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- Financials MMG Limited
