Mi Ming Mart Holdings Limited (8473) AI Stock Analysis

• Market Cap: HK$153.44M
• Dividend Yield: 27.74%
• Average Volume (3M): 224.00K
• Price to Earnings (P/E): 31.6
• Beta (1Y): 0.16
• Revenue Growth: -20.22%
• EPS Growth: -66.17%
• Country: HK
• Employees: 78
• Sector: Consumer Cyclical
• Sector Strength: 80
• Industry: Specialty Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 1,120,000,000
• 10 Day Avg. Volume: 220,000
• 30 Day Avg. Volume: 224,000
• PEG Ratio: -0.46
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 1.29
• P/FCF Ratio: 7.76
• 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: Hold
• Number of Analyst Covering: 0

• Rating: 69 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

The overall stock score is primarily driven by strong technical indicators and robust cash flow performance. However, the high P/E ratio suggests potential overvaluation, and declining revenue and profitability margins pose risks to future growth. The high dividend yield provides a positive aspect for income-seeking investors.

Mi Ming Mart Holdings Limited Business Overview & Revenue Model

Company Description

Mi Ming Mart Holdings Limited (8473) is a retail company based in Hong Kong, primarily focused on the operation of a chain of supermarkets and grocery stores. The company aims to provide a wide range of quality products including fresh food, groceries, and household items to meet the everyday needs of consumers. Mi Ming Mart positions itself in the competitive retail sector, catering to a diverse customer base through its various store formats and locations.

How the Company Makes Money

Mi Ming Mart Holdings Limited generates revenue primarily through the sale of products in its supermarkets and grocery stores. The company benefits from multiple key revenue streams, including the sale of fresh produce, packaged goods, and household items. Additionally, Mi Ming Mart may engage in strategic partnerships with suppliers and local producers, enabling it to offer competitive pricing and a diverse product assortment. The company's earnings are further supported by its ability to attract a steady flow of customers due to its strategic store locations and tailored marketing efforts aimed at enhancing customer loyalty.

Mi Ming Mart Holdings Limited Financial Statement Overview

Summary

Mi Ming Mart Holdings Limited shows a mixed financial performance. The income statement reflects challenges in revenue growth and profitability, with declining net profit margins. However, the balance sheet is strong with a low debt-to-equity ratio and high equity ratio, indicating stability. Cash flow generation is strong relative to net income, although the decrease in free cash flow is a concern.

Income Statement

The company experienced a decline in total revenue from HK$171.4M in 2023 to HK$148.8M in 2024, indicating a negative revenue growth rate. Gross profit margin remains strong at 62.7%. The net profit margin has decreased from 12.1% to 10.0%, reflecting reduced profitability. EBIT and EBITDA margins are 10.5% and 22.0% respectively, showing reasonable operational efficiency despite the revenue decline.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.08, indicating conservative leverage. The equity ratio is high at 85.7%, showcasing financial stability. Return on equity decreased slightly to 10.5%, suggesting a drop in efficiency in generating profits from equity.

Cash Flow

Operating cash flow to net income ratio is 1.26, indicating strong cash flow generation relative to net income. Free cash flow has decreased from HK$38.8M to HK$15.6M, showing potential cash flow concerns. The free cash flow to net income ratio is 1.05, maintaining a balance between profitability and cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	131.98M	118.74M	148.84M	171.40M	161.05M	148.91M
Gross Profit	81.19M	73.02M	93.28M	110.27M	104.28M	97.92M
EBITDA	19.44M	21.01M	32.77M	33.23M	40.47M	51.52M
Net Income	10.03M	5.08M	14.92M	20.74M	20.12M	27.14M
Balance Sheet
Total Assets	157.49M	154.63M	165.59M	177.36M	177.93M	181.66M
Cash, Cash Equivalents and Short-Term Investments	46.02M	48.34M	62.11M	78.99M	103.38M	113.64M
Total Debt	8.44M	7.86M	10.64M	12.74M	13.46M	13.99M
Total Liabilities	18.25M	50.31M	23.72M	32.44M	32.47M	29.44M
Stockholders Equity	139.25M	104.31M	141.87M	144.92M	145.46M	152.22M
Cash Flow
Free Cash Flow	17.11M	19.78M	15.63M	38.80M	26.76M	44.61M
Operating Cash Flow	21.22M	21.25M	18.76M	40.66M	37.91M	46.81M
Investing Cash Flow	814.00K	999.00K	-8.02M	-12.57M	-47.11M	-2.13M
Financing Cash Flow	-28.16M	-24.03M	-28.55M	-31.98M	-37.43M	-11.33M

Mi Ming Mart Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8473, the sentiment is Positive. The current price of 0.14 is above the 20-day moving average (MA) of 0.13, above the 50-day MA of 0.13, and above the 200-day MA of 0.09, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 64.13 is Neutral, neither overbought nor oversold. The STOCH value of 2.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8473.

Mi Ming Mart Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8473	69 Neutral	HK$153.44M	31.56	4.12%	27.74%	-20.22%	-66.17%
Sector *	61 Neutral	$17.75B	12.56	-5.49%	3.02%	1.43%	-14.12%
BJURF	―	$6.27M	55.17	-62.43%	―	―	―
0104	73 Outperform	HK$201.72M	7.93	5.52%	12.89%	0.56%	-6.55%
0178	62 Neutral	HK$1.92B	25.00	6.39%	3.95%	-9.75%	-64.87%
1711	46 Neutral	HK$88.00M	―	-92.80%	―	-10.85%	-64.42%
2122	46 Neutral	HK$94.00M	―	-1969.58%	―	-17.33%	5.35%