Ming Fai International Holdings (3828) AI Stock Analysis

• Market Cap: HK$583.07M
• Dividend Yield: 12.35%
• Average Volume (3M): 567.04K
• Price to Earnings (P/E): 4.0
• Beta (1Y): 0.21
• Revenue Growth: 11.80%
• EPS Growth: 37.53%
• Country: HK
• Employees: 7,900
• Sector: Consumer Defensive
• Sector Strength: 61
• Industry: Household & Personal Products
• EPS (TTM): 0.20
• Shares Outstanding: 734,262,700
• 10 Day Avg. Volume: 440,800
• 30 Day Avg. Volume: 567,044
• PEG Ratio: 0.22
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -53.75
• 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: 74 Outperform
• Price Target: HK$1.00 ▲(23.46%Upside)

Ming Fai International Holdings scores a 74, driven by solid financial performance and attractive valuation. The strong income statement and balance sheet are partially offset by concerns regarding cash flow. Technical analysis provides a mixed view, with potential overbought conditions. Valuation metrics highlight the stock's appeal due to low P/E and high dividend yield.

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 Holdings generates revenue through the production and sale of hospitality and personal care products. The company's key revenue streams include sales of amenity kits and personal care items to hotels, airlines, and cruise lines, as well as private label manufacturing for retail and corporate clients. Strategic partnerships with leading hospitality brands and a focus on eco-friendly product lines further enhance its market presence and contribute to its earnings. Ming Fai's ability to customize product offerings and maintain high-quality standards ensures a steady demand across its customer base.

Ming Fai International Holdings Financial Statement Overview

Summary

Ming Fai International Holdings displays strong financial health with robust revenue growth and profitability as seen in the income and balance sheet scores. However, the cash flow score is lower due to recent cash flow constraints, indicating potential liquidity management challenges.

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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.31B	2.07B	1.79B	1.44B	1.35B
	Gross Profit
579.89M	501.74M	424.81M	269.64M	363.49M
	EBIT
173.65M	144.06M	91.83M	-44.00M	102.22M
	EBITDA
247.66M	211.83M	159.46M	-25.84M	164.03M
	Net Income Common Stockholders
143.23M	104.18M	75.51M	-97.92M	79.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
339.44M	376.79M	305.36M	251.16M	393.94M
	Total Assets
2.00B	1.97B	1.75B	1.74B	1.80B
	Total Debt
46.06M	74.77M	137.24M	164.59M	148.65M
	Net Debt
-282.56M	-300.32M	-168.12M	-86.57M	-244.30M
	Total Liabilities
732.00M	772.01M	617.98M	644.28M	611.10M
	Stockholders Equity
1.32B	1.25B	1.18B	1.14B	1.23B
Cash Flow		Free Cash Flow
34.71M	168.03M	104.74M	-143.42M	9.09M
	Operating Cash Flow
113.13M	228.66M	129.75M	-98.65M	100.12M
	Investing Cash Flow
-69.52M	-59.33M	-23.64M	-38.79M	-89.62M
	Financing Cash Flow
-86.45M	-103.41M	-45.39M	-8.03M	19.94M

Ming Fai International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3828, the sentiment is Positive. The current price of 0.81 is above the 20-day moving average (MA) of 0.80, above the 50-day MA of 0.79, and above the 200-day MA of 0.74, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	74 Outperform	HK$583.07M	4.04	11.13%	12.35%	11.80%	37.53%
8512	74 Outperform	HK$266.36M	1.66	29.75%	―	4.99%	88.39%
1962	73 Outperform	HK$355.48M	9.00	4.83%	10.54%	3.79%	-18.75%
1455	69 Neutral	HK$231.42M	5.34	10.48%	9.80%	12.22%	3.67%
1925	68 Neutral	HK$486.05M	3.78	24.41%	7.63%	22.46%	91.73%
Sector *	65 Neutral	$8.88B	15.05	4.75%	203.76%	3.54%	-2.50%
2023	63 Neutral	HK$427.87M	7.69	12.01%	―	25.55%	14.47%

Ming Fai International Holdings Corporate Events

Ming Fai International Holdings Successfully Passes All AGM Resolutions

Ming Fai International Holdings Limited announced that all resolutions proposed at its Annual General Meeting on May 22, 2025, were passed successfully. Key resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates to buy back and issue shares. This outcome reflects strong shareholder support and positions the company for continued operational stability and strategic growth.

Ming Fai International Holdings Faces Revenue Decline Amid Industry Challenges

Ming Fai International Holdings reported a decline in revenue and gross profit for the first quarter of 2025, with decreases of 4.8% and 9.9% respectively compared to the previous year. This downturn is attributed to reduced demand in the hospitality supplies sector, particularly from the travel, tourism, and aviation industries. Additionally, the company is monitoring the impact of new U.S. tariff measures on its operations, as North America accounts for a significant portion of its revenue. The company is proactively adjusting strategies to mitigate risks and exploring new business opportunities.

Ming Fai International Holdings Announces AGM and Key Resolutions

Ming Fai International Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 22, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, re-appointment of auditors, and authorization for the company to buy back shares. These resolutions aim to strengthen the company’s governance and financial standing, potentially impacting shareholder value and market perception positively.

Ming Fai International Holdings Reports Strong Financial Growth in 2024

Ming Fai International Holdings reported a strong financial performance for the year ended December 31, 2024, with a revenue increase of 11.8% to approximately HK$2,311.3 million and a gross profit rise of 15.6% to HK$579.9 million. The company also saw an increase in its gross profit margin and operating profit, alongside a proposed final dividend increase, reflecting a positive impact on its financial health and shareholder returns.

Ming Fai International Holdings Declares Final Dividend for 2024

Ming Fai International Holdings Limited has announced a final cash dividend of HKD 0.07 per share for the financial year ending December 31, 2024. The dividend will be paid on June 6, 2025, following shareholder approval on May 22, 2025, with the ex-dividend date set for May 26, 2025. This announcement reflects the company’s commitment to returning value to its shareholders and may influence investor sentiment positively.

Ming Fai International Holdings Announces Board Meeting for Financial Results

Ming Fai International Holdings Limited has announced that its board of directors will convene on March 26, 2025, to approve the final results for the year ending December 31, 2024, and to consider the recommendation of a final dividend payment. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market position and stakeholder interests.