MIE Holdings Corp. (1555) AI Stock Analysis

• Market Cap: HK$98.03M
• Dividend Yield: N/A
• Average Volume (3M): 2.82M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: -18.76%
• EPS Growth: -76.89%
• Country: HK
• Employees: 937
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): -0.05
• Shares Outstanding: 3,386,525,400
• 10 Day Avg. Volume: 3,703,800
• 30 Day Avg. Volume: 2,815,200
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.03
• Price to Sales (P/S): 0.08
• P/FCF Ratio: 0.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: HK$0.03 ▼(-3.33% Downside)

The score is primarily weighed down by very weak financial performance (declining revenue, sustained losses, high leverage with negative equity, and cash flow uncertainty). Technical indicators are only mildly supportive (short-term improvement vs longer-term trend and negative MACD), while valuation provides limited support due to a negative P/E and no dividend yield data.

Positive Factors

Business model & revenue sources

MIE’s core model—owning and producing oil and gas with joint-venture support—is structurally durable. Asset-backed commodity sales provide a clear revenue engine that can generate cash across commodity cycles, while partnerships reduce capital intensity and operational risk over the medium term.

Operational efficiency (EBIT/EBITDA margins)

Relatively stronger EBIT/EBITDA margins suggest management can extract operational leverage from existing assets. Sustained margin discipline helps cash generation and resilience versus peers when revenues fall, supporting longer-term recovery and potential deleveraging if volumes and prices normalize.

Historical operating cash flow generation

Prior positive operating cash flow shows the underlying business has generated internal liquidity from operations, implying the asset base can fund some capex and service obligations without sole reliance on external financing, a durable advantage if production remains stable.

Negative Factors

Balance sheet: negative equity and high leverage

Negative equity and heavy leverage are structural weaknesses: they constrain access to capital, increase refinancing and covenant risk, and limit strategic flexibility. Over months this elevates default probability and can force asset sales or dilutive financings to restore solvency.

Declining revenue and persistent net losses

Sustained revenue decline and recurring losses erode retained earnings and reduce reinvestment capacity. This pattern undermines long-term growth prospects, increases dependence on external funding, and makes it harder to capitalize on operational efficiencies without a clear recovery in top-line volumes or prices.

Absent 2024 free cash flow and cash-flow uncertainty

Missing FCF in 2024 signals structural cash-generation stress. Even with prior positive OCF, absent FCF raises questions about the company’s ability to fund capex, service debt, or withstand commodity downturns, increasing refinancing risk and the likelihood of restrictive financing terms.

MIE Holdings Corp. Business Overview & Revenue Model

Company Description

MIE Holdings Corporation, together with its subsidiaries, primarily explores, develops, produces, and sells crude oil and other petroleum products under production sharing contracts. It holds interest in two producing production oil sharing contracts in northeast China; and participating interests in an exploration contract and six production contracts in Kazakhstan. The company was founded in 2001 and is based in Wan Chai, Hong Kong.

How the Company Makes Money

MIE Holdings Corp. generates revenue primarily through the exploration and production of oil and gas resources. The company earns money by selling crude oil and natural gas, which are key commodities in the energy market. Additionally, MIE Holdings may engage in joint ventures and partnerships with other companies in the energy sector, allowing for shared investment and reduced operational risks. These collaborations can also provide access to new technologies and markets, further enhancing revenue potential. The company may also have revenue streams from investments in other natural resource projects, contributing to its overall financial performance.

MIE Holdings Corp. Financial Statement Overview

Summary

Weak financial health driven by declining revenue, persistent net losses (notably in 2024), high leverage with negative equity, and concerns around missing/absent 2024 free cash flow data despite some operational efficiency signals in EBIT/EBITDA margins.

Income Statement

The company has experienced volatile revenue trends with a decline from 2022 to 2024. The gross profit and net profit margins are inconsistent, with significant losses in recent years, particularly in 2024. EBITDA and EBIT margins have been relatively higher, indicating operational efficiency, but overall profitability is a concern.

Balance Sheet

The company has a negative equity position, indicating that liabilities exceed assets significantly. The debt-to-equity ratio cannot be calculated due to negative equity, but high total debt levels suggest a highly leveraged position, posing financial stability risks.

Cash Flow

Free cash flow has shown growth in previous years but is absent in 2024, indicating potential cash flow management issues. Operating cash flow was positive in prior years, suggesting the ability to generate cash internally, but the lack of data in 2024 raises concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	801.95M	897.54M	1.04B	1.43B	1.02B	572.47M
Gross Profit	598.58M	321.31M	819.60M	787.94M	491.11M	191.19M
EBITDA	529.01M	563.74M	639.06M	935.47M	800.93M	-293.06M
Net Income	-366.89M	-328.96M	-157.53M	2.38B	-338.36M	-1.35B
Balance Sheet
Total Assets	1.27B	1.38B	1.73B	2.43B	2.26B	1.69B
Cash, Cash Equivalents and Short-Term Investments	51.86M	71.88M	62.91M	120.34M	36.49M	20.35M
Total Debt	3.01B	2.92B	2.77B	3.06B	3.60B	3.70B
Total Liabilities	3.67B	3.65B	3.63B	4.15B	6.24B	5.46B
Stockholders Equity	-2.41B	-2.27B	-1.90B	-1.72B	-3.97B	-3.77B
Cash Flow
Free Cash Flow	151.57M	290.25M	213.31M	313.50M	39.02M	21.00M
Operating Cash Flow	237.91M	493.67M	514.96M	798.13M	489.93M	186.85M
Investing Cash Flow	-122.58M	-255.86M	-298.00M	-494.81M	-463.78M	-159.65M
Financing Cash Flow	-110.87M	-220.51M	-282.30M	-224.21M	-8.73M	-20.38M

MIE Holdings Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1555, the sentiment is Negative. The current price of 0.03 is above the 20-day moving average (MA) of 0.03, above the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 44.86 is Neutral, neither overbought nor oversold. The STOCH value of 19.84 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1555.

MIE Holdings Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
3395	44 Neutral	HK$203.70M	-1.34	―	―	-9.85%	20.71%
0632	43 Neutral	HK$205.11M	-9.96	-8.65%	―	-2.17%	63.26%
2012	42 Neutral	HK$228.54M	-0.35	-113.92%	―	-92.37%	-49.00%
2728	42 Neutral	HK$111.38M	-6.94	-25.25%	―	-0.55%	-340.00%
1555	41 Neutral	HK$98.03M	-0.25	―	―	-18.76%	-76.89%