Mingfa Group (International) Co. Ltd. (HK:0846)
:0846
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Mingfa Group (International) Co. Ltd.
(0846)
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Rating:51Neutral
Price Target:
HK$0.10
▼(-25.71% Downside)
Action:ReiteratedDate:01/20/26
Overall score reflects primarily weak financial performance driven by sharp revenue decline and worsening losses, partially offset by improved free cash flow and low leverage. Technical indicators are mildly supportive but not decisive, while valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Low leverage / manageable debt
A low debt-to-equity ratio (0.13) gives Mingfa structural financial flexibility to fund development cycles and absorb property-market volatility. Manageable leverage reduces interest burden and preserves borrowing capacity for selective projects, supporting operational continuity over months.
Negative Factors
Sharp revenue decline and negative margins
A ~26% revenue drop and a deeply negative net margin (-25.48%) reflect weakened core operations and pricing or demand pressures. Persistent revenue contraction and negative EBIT/EBITDA margins threaten reinvestment capacity and require structural recovery to restore long-term profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / manageable debt
A low debt-to-equity ratio (0.13) gives Mingfa structural financial flexibility to fund development cycles and absorb property-market volatility. Manageable leverage reduces interest burden and preserves borrowing capacity for selective projects, supporting operational continuity over months.
Read all positive factors
Mingfa Group (International) Co. Ltd. (0846) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$621.53M
Dividend YieldN/A
Average Volume (3M)178.03K
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-25.51%
EPS Growth-158.20%
CountryHK
Employees3,382
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)-0.05
Shares Outstanding6,093,451,000
10 Day Avg. Volume161,100
30 Day Avg. Volume178,033
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.06
Price to Sales (P/S)0.14
P/FCF Ratio0.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mingfa Group (International) Co. Ltd. Business Overview & Revenue Model
Company Description
Mingfa Group (International) Company Limited, an investment holding company, engages in the property development and leasing, and hotel management businesses in the People's Republic of China. The company operates through three segments: Property ...
How the Company Makes Money
Mingfa Group generates revenue primarily through the development and sale of real estate properties, including residential, commercial, and industrial projects. The company's revenue model is driven by the successful completion and sale of these d...
Mingfa Group (International) Co. Ltd. Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
45
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.94B | 7.03B | 9.52B | 10.57B | 16.42B | 12.86B |
| Gross Profit | 1.02B | 1.52B | 1.94B | 2.34B | 5.01B | 3.88B |
| EBITDA | -107.15M | -964.53M | 324.49M | 1.14B | 3.26B | 2.64B |
| Net Income | -2.07B | -1.79B | -467.13M | 47.96M | 1.88B | 1.08B |
Balance Sheet | ||||||
| Total Assets | 59.68B | 62.33B | 70.67B | 71.19B | 73.75B | 76.11B |
| Cash, Cash Equivalents and Short-Term Investments | 779.03M | 1.17B | 1.78B | 2.88B | 3.67B | 3.57B |
| Total Debt | 7.83B | 2.12B | 2.52B | 2.65B | 3.48B | 5.04B |
| Total Liabilities | 43.14B | 45.53B | 51.65B | 51.57B | 54.29B | 58.59B |
| Stockholders Equity | 15.45B | 15.72B | 17.52B | 17.98B | 17.94B | 16.06B |
Cash Flow | ||||||
| Free Cash Flow | 603.30M | 1.23B | -487.27M | -259.90M | 737.40M | 384.03M |
| Operating Cash Flow | 607.13M | 1.24B | -459.13M | 69.96M | 1.01B | 489.26M |
| Investing Cash Flow | 1.12B | 984.53M | -102.15M | 228.81M | 103.36M | 723.20M |
| Financing Cash Flow | -2.09B | -2.79B | -551.72M | -869.79M | -1.02B | -1.02B |
Mingfa Group (International) Co. Ltd. Technical Analysis
Negative
0.14
Price Trends
0.11
Negative
0.11
Negative
0.12
Negative
Market Momentum
>-0.01
Positive
41.96
Neutral
25.93
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0846, the sentiment is Negative. The current price of 0.14 is above the 20-day moving average (MA) of 0.11, above the 50-day MA of 0.11, and above the 200-day MA of 0.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.96 is Neutral, neither overbought nor oversold. The STOCH value of 25.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0846.
Mingfa Group (International) Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | HK$587.69M | 7.67 | 1.50% | ― | 10.78% | -12.42% | |
51 Neutral | HK$621.53M | -0.56 | -12.55% | ― | -25.51% | -158.20% | |
51 Neutral | HK$532.00M | -0.40 | -44.38% | ― | 213.63% | -61.18% | |
43 Neutral | HK$452.07M | -0.34 | -35.32% | ― | 53.69% | -33.81% | |
40 Underperform | HK$293.05M | -0.01 | 73.75% | ― | -62.71% | -16.95% | |
39 Underperform | HK$238.97M | -0.83 | -109.67% | ― | 27.88% | -56.97% |
* Real Estate Sector Average
HK:0846
Mingfa Group (International) Co. Ltd.
0.10
<0.01
2.00%
HK:1176
Zhuguang Holdings Group Co., Ltd.
0.03
-0.04
-59.09%
HK:1243
Wang On Properties Ltd.
0.04
<0.01
2.94%
HK:1628
Yuzhou Group Holdings Co., Ltd.
0.20
-0.24
-54.77%
HK:3688
Top Spring International Holdings Limited
0.32
0.03
10.34%
HK:0496
Kasen International Holdings Ltd.
0.32
-0.03
-8.57%
Mingfa Group (International) Co. Ltd. Corporate Events
Mingfa Group Nears Completion of Board Restructuring at PRC Subsidiaries
Jan 30, 2026
Mingfa Group (International) Company Limited has reported further progress on the long-running restructuring of the boards of directors of its mainland Chinese subsidiaries, stating that only two PRC subsidiaries still await regulatory approval fo...
Mingfa Group’s 2025 Contracted Sales Halve Amid Ongoing Property Market Pressures
Jan 20, 2026
Mingfa Group (International) Company Limited reported unaudited contracted sales of approximately RMB2.4 billion for the year ended 31 December 2025, marking a sharp decline of about 54.7% from roughly RMB5.3 billion a year earlier. The sales were...
Mingfa Group Nears Completion of PRC Subsidiary Board Restructuring
Dec 30, 2025
Mingfa Group (International) Company Limited has reported further progress in its long-running effort to restructure the boards of directors across its mainland Chinese subsidiaries, with only two remaining PRC entities still awaiting local regula...
Mingfa Group Updates on PRC Subsidiary Board Restructuring
Nov 28, 2025
Mingfa Group (International) Company Limited has announced a progress update on the restructuring of the boards of directors for its PRC subsidiaries. As of the announcement date, two subsidiaries have submitted applications for director changes, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.