Ming Fai International Holdings (3828) AI Stock Analysis

• Market Cap: HK$706.97M
• Dividend Yield: 10.87%
• Average Volume (3M): 880.23K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 0.29
• Revenue Growth: 6.86%
• EPS Growth: 18.44%
• Country: HK
• Employees: 7,900
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Household & Personal Products
• EPS (TTM): 0.07
• Shares Outstanding: 734,262,700
• 10 Day Avg. Volume: 269,500
• 30 Day Avg. Volume: 880,233
• PEG Ratio: 0.09
• Price to Book (P/B): 0.42
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 15.77
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 77 Outperform
• Price Target: HK$1.00 ▲(8.70% Upside)

Ming Fai International Holdings receives a strong overall score driven by its solid financial performance and attractive valuation. The robust income statement and balance sheet are slightly offset by cash flow concerns. Technical analysis supports a moderately bullish outlook, while the stock's low P/E ratio and high dividend yield enhance its attractiveness.

Positive Factors

Revenue Growth

Consistent revenue growth suggests strong demand for the company's products and services, supporting long-term business expansion and market presence.

Balance Sheet Health

A robust balance sheet with low leverage and high equity ratio enhances financial stability, providing resilience against economic fluctuations and supporting future growth.

Profitability

Improved profitability margins reflect operational efficiency and effective cost management, contributing to sustainable earnings growth and competitive advantage.

Negative Factors

Cash Flow Constraints

Lack of operational cash flow may indicate liquidity challenges, potentially affecting the company's ability to invest in growth opportunities and manage financial obligations.

Liquidity Risks

Liquidity risks from cash flow constraints could limit financial flexibility, impacting the company's ability to respond to market changes and invest in strategic initiatives.

Cash Flow Management

Inability to generate operating cash flow raises concerns about cash flow management, potentially affecting the company's capacity to sustain operations and fund future growth.

Ming Fai International Holdings Business Overview & Revenue Model

Company Description

Ming Fai International Holdings Limited, an investment holding company, manufactures and trades in hospitality supplies, and trades in operating supplies and equipment in Hong Kong, North America, Europe, the People's Republic of China, Australia, other Asia Pacific regions, and internationally. It provides bath mats, acrylic hotel supplies, leather and resin collections, portable cables, umbrellas, compact mirrors, and other guest room collections; and safe deposit boxes, digital bathroom scales, flashlights, mini refrigerators, electric kettles, telephones, hairdryers/irons, digital clocks, and other electronic supplies. The company also offers lobby supplies comprising message boards and signs, luggage and housekeeping carts, hotel railing stands, ashtrays, outdoor trushbins, podiums, umbrella and luggage stands, garment and hat stands, beverage carts, signage and equipment, and others; and janitorial supplies, such as cleaning equipment and tools, trash bins, cleaning detergents, and others. In addition, it provides glassware products; kitchenware products, including Western kitchen and tableware, knife and forks, buffet collections, and kitchen appliances; melamine tableware; child care cribs; dispenser and bath products; and towels, beddings, table linens, shoes, bathrobes, accessories, and mattresses. Further, the company offers ceramic collections, plates, bowls, ceramic soup tureen, coffee and tea porcelain, color glazed porcelain, Japan and Korea porcelain, sand and stone pots, coarse pottery, and other ceramic and porcelain products. The company was founded in 1980 and is headquartered in Tsuen Wan, Hong Kong.

How the Company Makes Money

Ming Fai International generates revenue through multiple streams, primarily by selling its personal care and travel accessory products to various sectors including hospitality, retail, and corporate clients. The company benefits from long-term partnerships with hotels and airlines, providing them with customized amenities and promotional items. Additionally, it leverages its manufacturing capabilities to produce private label products for major retailers, enhancing its market reach. The company also engages in e-commerce and direct sales, further diversifying its income sources. Factors contributing to its earnings include strong brand recognition, a diverse product portfolio, and strategic collaborations with well-known companies in the hospitality industry.

Ming Fai International Holdings Financial Statement Overview

Summary

Ming Fai International Holdings demonstrates solid financial health with strong income statement performance and a robust balance sheet. However, recent cash flow constraints pose potential liquidity risks, warranting close monitoring of operational cash flows going forward.

Income Statement

Ming Fai International Holdings shows a strong income statement with consistent revenue growth, a gross profit margin improvement reaching approximately 25.1% in the latest year, and increasing EBIT and EBITDA margins. The net profit margin also improved to about 6.2%, reflecting enhanced operational efficiency and profitability.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of approximately 0.035, indicating low leverage. The company's return on equity improved to about 10.8%, demonstrating effective use of shareholder funds. The equity ratio stands strong at around 66.3%, suggesting a stable financial position with a majority of assets financed by shareholders' equity.

Cash Flow

Cash flow statements indicate stability but highlight potential concerns due to zero operating and free cash flow in the latest year. Historically, the company has shown positive free cash flow, but the absence of current operational cash flow could imply liquidity management challenges. The operating cash flow to net income ratio is not calculable for the latest year due to zero operating cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.32B	2.31B	2.07B	1.79B	1.44B	1.35B
Gross Profit	568.79M	579.89M	501.74M	424.81M	269.64M	363.49M
EBITDA	225.56M	247.66M	211.83M	159.46M	-25.84M	164.03M
Net Income	140.87M	143.23M	104.18M	75.51M	-93.53M	79.05M
Balance Sheet
Total Assets	1.90B	2.00B	1.97B	1.75B	1.74B	1.80B
Cash, Cash Equivalents and Short-Term Investments	431.94M	339.44M	376.79M	307.08M	252.68M	393.94M
Total Debt	43.57M	46.06M	74.77M	137.24M	164.59M	148.65M
Total Liabilities	622.48M	732.00M	772.01M	617.98M	644.28M	611.10M
Stockholders Equity	1.34B	1.32B	1.25B	1.18B	1.14B	1.23B
Cash Flow
Free Cash Flow	202.30M	35.34M	168.03M	104.74M	-143.42M	9.09M
Operating Cash Flow	254.43M	113.13M	228.66M	129.75M	-98.65M	100.12M
Investing Cash Flow	-50.99M	-69.52M	-53.28M	-23.64M	-38.79M	-89.62M
Financing Cash Flow	-97.63M	-86.45M	-103.41M	-45.39M	-8.03M	19.94M

Ming Fai International Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.92
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3828, the sentiment is Negative. The current price of 0.92 is below the 20-day moving average (MA) of 0.96, below the 50-day MA of 0.97, and above the 200-day MA of 0.85, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 29.14 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3828.

Ming Fai International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3828	77 Outperform	HK$706.97M	4.98	10.86%	10.87%	6.86%	18.44%
1925	74 Outperform	HK$502.25M	5.14	17.17%	7.56%	21.99%	11.36%
8512	73 Outperform	HK$321.47M	2.63	19.34%	―	-3.12%	1.92%
1455	70 Outperform	HK$282.56M	6.78	5.51%	6.76%	-34.28%	-45.72%
2023	66 Neutral	HK$378.69M	6.66	10.92%	―	11.10%	-4.38%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
1962	60 Neutral	HK$295.66M	9.85	3.77%	10.67%	-6.67%	-29.55%

Ming Fai International Holdings Corporate Events

Ming Fai International Holdings Sees Revenue Growth Amid Profit Margin Decline

Ming Fai International Holdings Limited reported a slight increase in revenue by 0.5% to approximately HK$1,028.6 million for the first half of 2025. However, the company experienced a decrease in gross profit by 4.5% and a reduction in gross profit margin by 1.2 percentage points. Operating profit and profit attributable to owners also saw declines, while an interim dividend of HK3.0 cents per share was declared, consistent with the previous year. The announcement reflects a challenging period for the company, with implications for its financial health and stakeholder returns.

The most recent analyst rating on (HK:3828) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Ming Fai International Holdings stock, see the HK:3828 Stock Forecast page.

Ming Fai International Holdings Announces Interim Dividend

Ming Fai International Holdings Limited has announced an interim cash dividend of HKD 0.03 per share for the six months ending June 30, 2025. The dividend will be paid on September 30, 2025, with the ex-dividend date set for September 16, 2025, and the record date on September 19, 2025. This announcement reflects the company’s financial strategy and commitment to providing returns to its shareholders.

The most recent analyst rating on (HK:3828) stock is a Buy with a HK$1.00 price target. To see the full list of analyst forecasts on Ming Fai International Holdings stock, see the HK:3828 Stock Forecast page.