Miricor Enterprises Holdings Ltd (1827) AI Stock Analysis

• Market Cap: HK$460.00M
• Dividend Yield: N/A
• Average Volume (3M): 1.83K
• Price to Earnings (P/E): 40.0
• Beta (1Y): -0.12
• Revenue Growth: -6.33%
• EPS Growth: 99.46%
• Country: HK
• Employees: 242
• Sector: Consumer Cyclical
• Sector Strength: 68
• Industry: Personal Products & Services
• EPS (TTM): 0.03
• Shares Outstanding: 400,000,000
• 10 Day Avg. Volume: 5,500
• 30 Day Avg. Volume: 1,833
• PEG Ratio: 0.14
• Price to Book (P/B): 3.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.32
• 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

• Rating: 51 Neutral
• Price Target: ―

Miricor Enterprises has a moderate overall stock score of 51. Financial performance is a mixed bag with strong revenue growth and cash flow, but profitability remains a concern. Technically, the stock shows signs of bearish momentum, and valuation metrics highlight potential investor caution. The company needs to address profitability to improve its stock attractiveness.

Miricor Enterprises Holdings Ltd Business Overview & Revenue Model

Company Description

Miricor Enterprises Holdings Ltd (1827) is a company listed on the Hong Kong Stock Exchange, primarily engaged in the aesthetic medical services industry. The company offers a range of beauty and wellness services, including skin treatments, body contouring, and other non-invasive cosmetic procedures. Miricor operates through its subsidiaries and branded clinics, focusing on providing high-quality aesthetic treatments and personalized care to its clients.

How the Company Makes Money

Miricor Enterprises Holdings Ltd generates revenue primarily through its network of aesthetic medical clinics. The company's core revenue streams include fees from various cosmetic treatments and services offered at its clinics. These services encompass a wide array of non-surgical and minimally invasive procedures that cater to the growing demand for beauty and wellness solutions. In addition to direct service fees, Miricor may also benefit from partnerships with suppliers of medical and cosmetic equipment or skincare products, which can enhance its service offerings and potentially contribute to its earnings. The company's ability to attract and retain clients seeking aesthetic enhancements is a critical factor in its financial performance.

Miricor Enterprises Holdings Ltd Financial Statement Overview

Summary

Miricor Enterprises shows moderate financial health with revenue growth and strong cash flow but faces profitability challenges. Despite negative net margins, revenue growth is promising. The balance sheet indicates moderate leverage and liquidity, but decreased equity is a concern. Cash flows are robust, supporting operations despite capital expenditures.

Income Statement

Miricor Enterprises shows moderate performance in its income statement. The gross profit margin has decreased from 51.4% to 45.6% over the past year, indicating a decline in operational efficiency. The company sustained a net loss, with the net profit margin at -2.6%, although this is an improvement from the previous year's -4.4%. Revenue growth is strong at 6.7%, suggesting potential for future expansion. EBIT margin remains negative, but EBITDA margin improved to 17.5%, reflecting some operational resilience.

Balance Sheet

The balance sheet reveals a stable but cautious financial position. The debt-to-equity ratio is 0.73, indicating a moderate level of leverage. However, stockholders' equity has decreased, reducing the equity ratio to 28.5%. Return on equity is negative due to net losses, but the company's total assets remain relatively stable. Liquidity is supported by a good cash position, providing some buffer against financial challenges.

Cash Flow

Cash flow analysis shows a positive trajectory, with free cash flow remaining positive at 58.2 million and an improvement from the previous year. The operating cash flow to net income ratio is robust, indicating effective cash generation relative to earnings. Despite negative free cash flow growth due to higher capital expenditures, the company maintains a healthy cash conversion, supporting operational needs.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	457.33M	494.26M	463.12M	363.92M	128.87M	176.53M
Gross Profit	234.83M	252.81M	238.23M	209.54M	44.99M	77.21M
EBITDA	48.77M	86.62M	70.34M	94.02M	16.93M	48.15M
Net Income	-196.00K	-12.62M	-20.50M	25.38M	-12.65M	13.56M
Balance Sheet
Total Assets	468.67M	479.44M	516.81M	476.81M	372.13M	357.25M
Cash, Cash Equivalents and Short-Term Investments	128.56M	145.43M	116.91M	65.68M	161.77M	157.33M
Total Debt	109.84M	99.75M	130.28M	48.16M	42.49M	48.50M
Total Liabilities	332.06M	342.68M	366.10M	305.54M	226.56M	199.02M
Stockholders Equity	136.61M	136.76M	150.71M	171.27M	145.57M	158.23M
Cash Flow
Free Cash Flow	85.55M	58.24M	72.67M	-67.61M	19.07M	53.50M
Operating Cash Flow	96.47M	84.45M	99.45M	44.03M	24.54M	63.51M
Investing Cash Flow	-29.88M	-59.00M	-37.84M	-97.51M	52.20M	26.12M
Financing Cash Flow	-55.25M	-55.59M	-21.92M	-28.73M	-14.65M	-15.37M

Miricor Enterprises Holdings Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1827, the sentiment is Negative. The current price of 1.06 is below the 20-day moving average (MA) of 1.12, below the 50-day MA of 1.13, and below the 200-day MA of 1.13, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 36.91 is Neutral, neither overbought nor oversold. The STOCH value of 60.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1827.

Miricor Enterprises Holdings Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1830	73 Outperform	HK$2.16B	10.44	47.16%	16.82%	-9.98%	-12.36%
Sector *	62 Neutral	$16.95B	11.10	-7.23%	3.24%	1.71%	-24.93%
1827	51 Neutral	HK$460.00M	40.00	7.45%	―	-6.33%	99.46%
8143	51 Neutral	HK$138.66M	―	-18.22%	―	-56.16%	62.50%
2168	51 Neutral	HK$249.66M	15.84	1.67%	―	-5.11%	―

Miricor Enterprises Holdings Ltd Corporate Events

Miricor Enterprises Secures HK$10 Million Loan Facility with Shareholding Conditions

Miricor Enterprises Holdings Limited announced that its subsidiary, G Max Group Limited, has entered into a facility agreement with a bank for a trade finance and revolving loan facility amounting to HK$10 million. The agreement requires the controlling shareholders, led by Chairlady Ms. Lai Ka Yee Gigi, to maintain at least 51% ownership of the company’s issued share capital. Failure to comply with this condition could result in the bank canceling the facility and demanding immediate repayment of all outstanding amounts.