Mewah International Inc. (MV4) AI Stock Analysis

• Market Cap: €465.21M
• Dividend Yield: 0.58%
• Average Volume (3M): 200.45K
• Price to Earnings (P/E): 6.1
• Beta (1Y): -0.17
• Revenue Growth: 47.72%
• EPS Growth: 16.14%
• Country: SG
• Employees: 3,779
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.03
• Shares Outstanding: 1,500,667,400
• 10 Day Avg. Volume: 159,730
• 30 Day Avg. Volume: 200,446
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €0.50
• Price Target Upside: 59.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: S$0.50 ▲(61.29% Upside)

Mewah International Inc. benefits from strong technical momentum and attractive valuation, making it appealing for investors. However, cash flow challenges and potential liquidity risks temper the overall outlook.

Mewah International Inc. Business Overview & Revenue Model

Company Description

Mewah International Inc., an investment holding company, manufactures, refines, and sells palm oil products in Malaysia, Singapore, rest of Asia, Africa, the Middle East, Pacific Oceania, the United States, and Europe. It operates through two segments, Bulk and Consumer Pack. The Bulk segment produces and sells vegetable based edible oil and fat products in bulk form primarily for distributors and factories involved in the production of confectionery, bakery, and other food items. The Consumer Pack segment manufactures and sells vegetable based edible oils and bakery fats in consumer pack form under the brands of third parties primarily to importers and distributors at destination markets. The company's edible oils include soya bean, canola, sunflower, corn, kernel, and coconut oils; palm mid fractions and methyl esters; and palm, kernel, and soft oil fatty acids. Its bakery fats comprise shortenings and creaming shortenings, emulsified and bake stable fats, pan release agents, cooking sprays, butter oil substitutes, and catering and chilled spreads; and cake, creaming, puff pastry, laminating, milk fat blend, and table margarines. The company's special function oils and fats consist of popcorn, spray, and coating oils; and seasoning cube and non-trans hard fats. It also provides sweetened condensed and evaporated creamers, and evaporated filled milk; cheese preparations and processed cheese, including various cream, mozzarella, and cheddar cheese; basmati and non-basmati rice; frying oils and compounds; soaps, detergents, and premix powders; and biodiesel. In addition, the company is involved in the packaging and trading of edible oils and dairy products, and trading activities. It offers its products under the Oki, Moi, AROME, Duke's, Krispi, Mewah, DELi, TURKEY, FRY-OLAMONA, and CABBAGE brands. The company is headquartered in Singapore.

How the Company Makes Money

Mewah International Inc. generates revenue primarily through the production and sale of edible oils and fats. The company operates through two main business segments: Bulk and Consumer Pack. In the Bulk segment, Mewah processes crude palm oil into refined, bleached, and deodorized (RBD) palm oil and other related products, which are then sold in bulk to industrial customers, including food manufacturers. In the Consumer Pack segment, Mewah produces consumer-packaged edible oils and fats, which are marketed under its own brands and sold to retailers and distributors worldwide. The company benefits from strategic partnerships with suppliers and robust distribution networks that enhance its market reach. Additionally, Mewah's revenue is influenced by global palm oil prices, currency exchange rates, and consumer demand dynamics.

Mewah International Inc. Financial Statement Overview

Summary

Mewah International Inc. shows solid profitability with a strong gross profit margin and stable balance sheet. However, cash flow challenges, particularly negative free cash flow in 2024, pose risks to liquidity.

Income Statement

Mewah International Inc. demonstrated a strong gross profit margin of 6.2% and a modest net profit margin of 0.8% for 2024, indicating solid profitability in the consumer foods sector. However, revenue growth has been inconsistent, with a significant decline in 2022 but a recovery in 2023. The EBIT and EBITDA margins, at 1.9% and 2.5% respectively, highlight the company's efficiency in managing its operations, although these figures have been slightly decreasing over the years.

Balance Sheet

The company's balance sheet reveals a debt-to-equity ratio of 0.81, suggesting moderate leverage. Return on Equity (ROE) was 4.7% in 2024, showing limited return on shareholders' investments. The equity ratio stands at 43.9%, indicating a stable capital structure with a reasonable reliance on equity financing. Despite a high total liabilities figure, the company maintains a solid equity base.

Cash Flow

Cash flow analysis shows a concerning trend with negative free cash flow in 2024, driven by high capital expenditures and negative operating cash flow. The operating cash flow to net income ratio is negative, indicating challenges in converting profits into cash. However, the company has previously demonstrated the ability to generate positive free cash flow, as seen in 2023.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.78B	4.12B	5.43B	4.35B	3.45B
Gross Profit	296.72M	259.07M	372.88M	323.05M	270.68M
EBITDA	118.79M	123.77M	207.89M	150.33M	168.77M
Net Income	38.81M	40.58M	113.64M	80.17M	86.54M
Balance Sheet
Total Assets	1.88B	1.49B	1.70B	1.50B	1.28B
Cash, Cash Equivalents and Short-Term Investments	142.92M	167.73M	102.85M	171.78M	78.17M
Total Debt	671.13M	401.34M	550.15M	436.27M	290.61M
Total Liabilities	1.06B	703.10M	921.25M	818.97M	673.86M
Stockholders Equity	824.86M	783.78M	769.77M	676.63M	611.20M
Cash Flow
Free Cash Flow	-240.82M	176.08M	-162.41M	-35.06M	139.69M
Operating Cash Flow	-183.24M	261.63M	-106.37M	-9.95M	161.18M
Investing Cash Flow	-57.34M	-72.82M	-66.07M	-37.61M	-24.20M
Financing Cash Flow	254.48M	-156.78M	110.53M	142.07M	-121.40M

Mewah International Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.31
• 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 SG:MV4, the sentiment is Positive. The current price of 0.31 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.28, and above the 200-day MA of 0.26, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 54.19 is Neutral, neither overbought nor oversold. The STOCH value of 59.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:MV4.

Mewah International Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MV4	73 Outperform	€465.21M	6.07	7.17%	0.58%	47.72%	16.14%
Sector *	62 Neutral	$20.32B	14.51	-3.18%	3.18%	1.92%	-6.57%
2BU	―	€1.33B	8.54	20.72%	8.22%	―	―
5JS	72 Outperform	S$509.51M	5.30	8.46%	2.78%	13.03%	35.10%
BEW	―	S$169.79M	6.03	14.91%	―	―	―
BNE	―	S$78.93M	2.81	54.02%	―	―	―
GRQ	―	S$24.04M	―	-11.77%	―	―	―

Mewah International Inc. Corporate Events

Mewah International Secures Contracts for New Oils and Fats Plant

Mewah International Inc. has announced that its subsidiary, Mewah Oils (Tianjin) Co. Ltd., has secured contracts to complete a specialty manufacturing and packing plant for oils and fats products in China. The project, with a budget of USD 63 million, is expected to commence operations in the second half of 2025, aiming to strengthen Mewah’s global presence and improve operational efficiency.

Mewah International Reports Fire Incident at Indonesian Facility

Mewah International Inc. reported a fire incident at its PT. Agro Raya Mas facility in Medan, Indonesia, on July 23, 2025. The fire, which was quickly managed with no casualties, has led to a temporary suspension of operations at the site. While part of the facility was damaged, the subsidiary’s contribution to the group’s overall profitability is not significant. The company is currently assessing the damage and insurance coverage, with further updates to be provided if a material impact is identified.