Ming Fai International Holdings (3828) AI Stock Analysis

• Market Cap: HK$706.97M
• Dividend Yield: 10.1%
• Average Volume (3M): 880.23K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 0.31
• 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

• Rating: 77 Outperform
• Price Target: HK$1.00 ▲(1.01% 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.

Ming Fai International Holdings Business Overview & Revenue Model

Company Description

Ming Fai International Holdings Limited (3828) is a Hong Kong-based company primarily engaged in the manufacturing and distribution of amenity products, including hotel supplies and personal care products. The company serves a diverse range of sectors, including hospitality, airlines, and retail, offering a comprehensive range of products such as toiletries, skincare items, and accessories tailored to enhance customer experience.

How the Company Makes Money

Ming Fai International Holdings generates revenue through its core business of manufacturing and distributing amenity products. The company operates under a B2B model, supplying its products to hotels, airlines, and retail businesses. Key revenue streams include sales of customized toiletries and personal care products designed to meet specific client needs. The company also benefits from strategic partnerships and collaborations with renowned brands to offer exclusive products, thereby enhancing its market presence and revenue potential. Additionally, its diversified product offerings and broad client base across various regions contribute to its robust revenue generation.

Ming Fai International Holdings Financial Statement Overview

Summary

Ming Fai International Holdings demonstrates solid financial health with a strong income statement and robust balance sheet. Revenue growth and improved profitability metrics stand out. However, the recent cash flow constraints, particularly zero operating and free cash flow, pose liquidity risks that need monitoring.

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	-26.36M	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: Positive
• Last Price: 0.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 0.99 is above the 20-day moving average (MA) of 0.98, above the 50-day MA of 0.94, and above the 200-day MA of 0.82, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.19 is Neutral, neither overbought nor oversold. The STOCH value of 61.11 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
8512	77 Outperform	HK$270.96M	2.26	19.34%	―	-3.12%	1.92%
3828	77 Outperform	HK$706.97M	4.98	10.86%	10.10%	6.86%	18.44%
1455	76 Outperform	HK$300.46M	7.21	9.60%	6.38%	1.60%	7.59%
1925	74 Outperform	HK$445.55M	4.56	17.17%	8.18%	21.99%	11.36%
1962	64 Neutral	HK$298.84M	9.96	3.77%	10.67%	-6.67%	-29.55%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2023	62 Neutral	HK$363.93M	6.40	10.92%	―	11.10%	-4.38%

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.