Mi Ming Mart Holdings Limited (8473) AI Stock Analysis

• Market Cap: HK$159.04M
• Dividend Yield: 26.95%
• Average Volume (3M): 587.00K
• Price to Earnings (P/E): 31.6
• Beta (1Y): 0.23
• Revenue Growth: -17.13%
• EPS Growth: -51.35%
• Country: HK
• Employees: 78
• Sector: Consumer Cyclical
• Sector Strength: 69
• Industry: Specialty Retail
• EPS (TTM): >-0.01
• Shares Outstanding: 1,120,000,000
• 10 Day Avg. Volume: 303,000
• 30 Day Avg. Volume: 587,000
• PEG Ratio: -1.21
• Price to Book (P/B): 1.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.04
• 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: 76 Outperform
• Price Target: ―

Mi Ming Mart Holdings Limited demonstrates solid financial health with a strong balance sheet and cash flow generation, despite some challenges in revenue growth and profitability. The technical analysis indicates robust upward momentum, while the valuation metrics suggest the stock is fairly valued with an attractive dividend yield. These factors contribute to an overall positive outlook for the stock.

Mi Ming Mart Holdings Limited Business Overview & Revenue Model

Company Description

Mi Ming Mart Holdings Limited (8473) is a Hong Kong-based company primarily engaged in the retail and wholesale of skincare, cosmetics, and healthcare products. The company offers a diverse range of products sourced from various international brands, targeting health-conscious consumers seeking high-quality and effective solutions. Mi Ming Mart operates through both physical stores and an online platform, allowing for a broader reach and convenience for its customers.

How the Company Makes Money

Mi Ming Mart Holdings Limited generates revenue primarily through the sale of skincare, cosmetics, and healthcare products. The company's key revenue streams include retail sales from its brick-and-mortar stores and online sales via its e-commerce platform. Additionally, Mi Ming Mart benefits from strategic partnerships with international brands, enabling it to offer exclusive products and promotions that attract a loyal customer base. The company's ability to provide a curated selection of high-demand products and effective marketing strategies contributes significantly to its earnings.

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	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	148.84M	171.40M	161.05M	148.91M	142.47M
Gross Profit	93.28M	110.27M	104.28M	97.92M	91.42M
EBITDA	32.77M	33.23M	40.47M	51.52M	45.13M
Net Income	14.92M	20.74M	20.12M	27.14M	15.85M
Balance Sheet
Total Assets	165.59M	177.36M	177.93M	181.66M	145.34M
Cash, Cash Equivalents and Short-Term Investments	62.11M	78.99M	103.38M	113.64M	80.28M
Total Debt	10.64M	12.74M	13.46M	13.99M	10.63M
Total Liabilities	23.72M	32.44M	32.47M	29.44M	20.26M
Stockholders Equity	141.87M	144.92M	145.46M	152.22M	125.08M
Cash Flow
Free Cash Flow	15.63M	38.80M	26.76M	44.61M	23.68M
Operating Cash Flow	18.76M	40.66M	37.91M	46.81M	30.09M
Investing Cash Flow	-8.02M	-12.57M	-47.11M	-2.13M	-32.10M
Financing Cash Flow	-28.55M	-31.98M	-37.43M	-11.33M	-19.11M

Mi Ming Mart Holdings Limited Technical Analysis

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

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 0.14, 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 Positive momentum. The RSI at 57.97 is Neutral, neither overbought nor oversold. The STOCH value of 107.04 is Negative, 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	76 Outperform	HK$159.04M	31.56	4.12%	26.95%	-17.13%	-51.35%
6078	74 Outperform	HK$10.36B	17.44	9.30%	―	7.28%	-13.77%
Sector *	57 Neutral	HK$26.15B	4.16	-2.03%	5.83%	-0.24%	-68.05%
6068	55 Neutral	HK$231.81M	2.13	16.80%	50.46%	-41.24%	-36.17%
0994	53 Neutral	HK$193.03M	―	-21.15%	―	61.36%	8.48%
3318	53 Neutral	HK$2.22B	108.70	0.59%	―	-21.05%	-87.68%