Regina Miracle International (Holdings) Limited (2199) AI Stock Analysis

• Market Cap: HK$2.02B
• Dividend Yield: 2.85%
• Average Volume (3M): 111.70K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.28
• Revenue Growth: 9.38%
• EPS Growth: -41.33%
• Country: HK
• Employees: 39,148
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.08
• Shares Outstanding: 1,224,250,000
• 10 Day Avg. Volume: 33,500
• 30 Day Avg. Volume: 111,700
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

Regina Miracle International's overall score reflects significant financial challenges, including declining revenue, profit margins, and free cash flow, coupled with high leverage. Technical indicators show a negative price trend with potential overbought conditions. The valuation offers some yield but is not compelling given the current financial performance.

Regina Miracle International (Holdings) Limited Business Overview & Revenue Model

Company Description

Regina Miracle International (Holdings) Limited, an investment holding company, designs, manufactures, and trades in a range of intimate wear and functional sports products. It operates through Intimate Wear, Sports Products, Consumer Electronics Components, Bra Pads and Moulded Products, Footwear, and Fabric Masks segments. The company offers bras, bra tops, panties, shapewear, and swimwear; sports bras, leggings, shorts, and tops; virtual reality headsets, keyboards, laptops, and tablet PC accessories; bra pads and other molded products; and shoes. It is also involved in the development, manufacturing, and trading of fabric sports masks; and provision of sales agency and information technology services. The company operates in the United States, the People's Republic of China, Europe, Japan, Malaysia, Indonesia, Singapore, the Philippines, Vietnam, Thailand, Bangladesh, Sri Lanka, India, Korea, Canada, Australia, and internationally. The company was founded in 1998 and is headquartered in Kwai Chung, Hong Kong. Regina Miracle International (Holdings) Limited is a subsidiary of Regent Marvel Investment Holdings Limited.

How the Company Makes Money

Regina Miracle International (Holdings) Limited generates revenue primarily through the production and sale of intimate wear, sportswear, and functional apparel to global retail brands. The company employs a business-to-business (B2B) model, supplying its products to well-known international brands that then sell these products under their own labels. Key revenue streams include contractual manufacturing agreements with these brands, as well as partnerships that leverage Regina Miracle's expertise in product innovation and manufacturing efficiency. The company's earnings are significantly influenced by its ability to maintain strong relationships with its clients and its continual investment in technology and production capabilities to meet market demand.

Regina Miracle International (Holdings) Limited Financial Statement Overview

Summary

Regina Miracle International faces challenges with declining revenue and profit margins, high leverage, and declining free cash flow. Despite operational efficiency, these concerns weigh heavily on financial performance.

Income Statement

The income statement reveals a decline in revenue from the previous year, indicating negative growth. Gross profit and net profit margins have also decreased, pointing to reduced profitability. Despite this, the company maintains a reasonable EBIT and EBITDA margin, suggesting operational efficiency. However, the negative revenue trend and shrinking margins are concerning.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio, indicating significant leverage which could pose financial risks. Return on equity has decreased, reflecting lower profitability from shareholders' perspectives. However, the equity ratio remains stable, indicating a balanced asset structure. The company's financial stability is moderate, but high leverage is a concern.

Cash Flow

Cash flow analysis shows a significant decline in free cash flow compared to the previous year, signaling potential liquidity issues. The operating cash flow to net income ratio remains healthy, indicating efficient cash generation relative to profits. However, the negative growth in free cash flow raises concerns about future cash availability.

Breakdown
Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement		Total Revenue
7.02B	7.88B	8.35B	5.97B	6.34B
	Gross Profit
1.58B	1.90B	2.05B	1.24B	1.44B
	EBIT
453.67M	787.82M	758.75M	265.92M	419.67M
	EBITDA
981.19M	1.35B	1.33B	819.90M	972.03M
	Net Income Common Stockholders
143.18M	383.26M	520.69M	125.52M	289.95M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
623.12M	675.03M	995.03M	827.98M	587.62M
	Total Assets
8.60B	8.68B	9.42B	8.74B	7.74B
	Total Debt
4.28B	4.12B	4.41B	4.52B	3.75B
	Net Debt
3.65B	3.44B	3.42B	3.69B	3.17B
	Total Liabilities
5.23B	5.14B	5.78B	5.67B	4.82B
	Stockholders Equity
3.37B	3.55B	3.64B	3.07B	2.92B
Cash Flow		Free Cash Flow
308.17M	1.07B	468.55M	-218.32M	-98.22M
	Operating Cash Flow
746.98M	1.51B	1.03B	444.71M	747.35M
	Investing Cash Flow
-393.31M	-868.26M	-458.99M	-726.82M	-845.96M
	Financing Cash Flow
-251.56M	-865.38M	-460.31M	510.88M	233.79M

Regina Miracle International (Holdings) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.68
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2199, the sentiment is Negative. The current price of 1.68 is below the 20-day moving average (MA) of 1.69, below the 50-day MA of 1.77, and below the 200-day MA of 2.05, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.04 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2199.

Regina Miracle International (Holdings) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2020	81 Outperform	HK$262.07B	15.62	28.11%	2.45%	11.51%	47.88%
1810	76 Outperform	$1.34T	50.19	13.43%	―	32.62%	32.85%
2331	73 Outperform	$39.46B	12.05	11.92%	3.94%	1.85%	-6.19%
1910	69 Neutral	$19.83B	7.86	23.28%	5.67%	-2.87%	-18.65%
Sector *	61 Neutral	$6.69B	11.69	3.01%	3.94%	2.60%	-21.51%
2199	56 Neutral	HK$2.02B	19.43	3.10%	2.85%	9.38%	-41.33%
1382	50 Neutral	HK$1.68B	11.31	4.99%	9.92%	10.66%	3.88%

Regina Miracle International (Holdings) Limited Corporate Events

Regina Miracle Renews 2025 Property Leasing Agreements

Regina Miracle International (Holdings) Limited announced the renewal of its property leasing agreements for 2025, involving its subsidiaries Lijing RM and RM Innovative. These agreements, which are connected transactions under the Listing Rules, include leasing production premises and living units from RM Technology and RM Investment, both indirectly owned by the company’s chairman, Mr. Hung. The transactions aim to continue operations in Zhaoqing and are aggregated as a single transaction for compliance with the Listing Rules.

Regina Miracle Renews Property Lease for Shenzhen Operations

Regina Miracle International (Holdings) Limited has announced the renewal of a property leasing agreement for its subsidiary, RMIA Shenzhen, with Shun Cheong. The new agreement, effective from April 1, 2025, involves leasing a building in Shenzhen for research and development or manufacturing purposes. The transaction is classified as a connected transaction due to Shun Cheong’s ownership by the company’s controlling shareholder, Mr. Hung Yau Lit. Although the transaction requires reporting and annual review, it is exempt from independent shareholders’ approval under the Listing Rules.