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Millennium Group International Holdings Limited (MGIH) 10-Year Financial Performance & Capital Metrics

MGIH • • Industrial / General
Consumer CyclicalPackagingPaper & Fiber PackagingPaperboard Packaging
AboutMillennium Group International Holdings Limited, an investment holding company, provides paper-based packaging solutions in Mainland China, Hong Kong, Vietnam, rest of Southeast Asian countries, Australia, the United States, and internationally. The company offers paper packaging products, including cardboard boxes, gift boxes, displays, corrugated outer cartons, manuals, and user guides to footwear products, sportswear, cookware and kitchenware, smartphones, food and beverage, paper and packaging, non-food-and-beverage-consumables, logistics, e-commerce, and home electronics industries; and packaging solutions to various luxury products industries. It also provides packaging products supply chain management solutions, and board games and various board game accessories. The company was founded in 1978 and is headquartered in Kwun Tong, Hong Kong. Millennium Group International Holdings Limited operates as a subsidiary of YC 1926 (BVI) Limited.Show more
  • Revenue $39M -15.5%
  • EBITDA -$6M -991.8%
  • Net Income -$9M -2376.6%
  • EPS (Diluted) -0.78 -2167.4%
  • Gross Margin 21.55% +8.4%
  • EBITDA Margin -14.35% -1155.4%
  • Operating Margin -17.98% -657.5%
  • Net Margin -22.76% -2830.9%
  • ROE -24.72% -2692.2%
  • ROIC -20.82% -719.8%
  • Debt/Equity 0.20 -40.8%
  • Interest Coverage -7.22 -356.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading at only 0.5x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 18 (bottom 18%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-15.81%
TTM-41.68%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-329.16%

EPS CAGR

10Y-
5Y-
3Y-
TTM-608.17%

ROCE

10Y Avg6.71%
5Y Avg6.71%
3Y Avg-2.21%
Latest-19.39%

Peer Comparison

Paperboard Packaging
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Valuation
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Growth
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Momentum & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
GPKGraphic Packaging Holding Company4.56B15.447.15-6.59%5.94%15.55%1.81
DSSDSS, Inc.9.55M1.05-0.16-26.36%-212.07%-164.64%1.96
MGIHMillennium Group International Holdings Limited16.88M1.50-1.92-15.5%-18.32%-47.21%0.20

Profit & Loss

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Sales/Revenue+60.41M64.57M66.23M45.6M38.53M
Revenue Growth %-0.07%0.03%-0.31%-0.16%
Cost of Goods Sold+43.44M47.21M49.96M36.53M30.23M
COGS % of Revenue0.72%0.73%0.75%0.8%0.78%
Gross Profit+16.97M17.35M16.27M9.06M8.3M
Gross Margin %0.28%0.27%0.25%0.2%0.22%
Gross Profit Growth %-0.02%-0.06%-0.44%-0.08%
Operating Expenses+11.54M12.25M10.74M10.15M15.23M
OpEx % of Revenue0.19%0.19%0.16%0.22%0.4%
Selling, General & Admin11.54M12.25M10.74M9.64M14.75M
SG&A % of Revenue0.19%0.19%0.16%0.21%0.38%
Research & Development00305K241.24K261.84K
R&D % of Revenue--0%0.01%0.01%
Other Operating Expenses00-305K266.8K221.54K
Operating Income+5.43M5.1M5.54M-1.08M-6.93M
Operating Margin %0.09%0.08%0.08%-0.02%-0.18%
Operating Income Growth %--0.06%0.09%-1.2%-5.4%
EBITDA+7.52M7.23M7.47M619.98K-5.53M
EBITDA Margin %0.12%0.11%0.11%0.01%-0.14%
EBITDA Growth %--0.04%0.03%-0.92%-9.92%
D&A (Non-Cash Add-back)2.09M2.13M1.94M1.7M1.4M
EBIT5.65M4.91M5.4M252.94K-7.6M
Net Interest Income+-544.5K-444.75K-425.79K-684.36K-909.77K
Interest Income000049.16K
Interest Expense544.5K444.75K425.79K684.36K958.93K
Other Income/Expense-327.05K-634.34K-561.05K650.94K-1.64M
Pretax Income+5.1M4.47M4.97M-431.41K-8.56M
Pretax Margin %0.08%0.07%0.08%-0.01%-0.22%
Income Tax+1.1M800.08K897.16K-77.3K206.94K
Effective Tax Rate %0.78%0.82%0.82%0.82%1.02%
Net Income+4M3.67M4.08M-354.11K-8.77M
Net Margin %0.07%0.06%0.06%-0.01%-0.23%
Net Income Growth %--0.08%0.11%-1.09%-23.77%
Net Income (Continuing)4M3.67M4.08M-354.11K-8.77M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+0.160.330.36-0.03-0.78
EPS Growth %-1.06%0.09%-1.1%-21.67%
EPS (Basic)0.160.330.36-0.03-0.78
Diluted Shares Outstanding25M11.25M11.25M10.3M11.25M
Basic Shares Outstanding25M11.25M11.25M10.3M11.25M
Dividend Payout Ratio--2.17%--

Balance Sheet

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Total Current Assets+51.92M52.48M48.26M44.45M27.77M
Cash & Short-Term Investments23.4M21.27M18.85M27.58M13.35M
Cash Only23.4M21.27M18.85M27.58M13.35M
Short-Term Investments00000
Accounts Receivable20.24M20.48M18.11M10.52M9.81M
Days Sales Outstanding122.31115.7899.7984.2492.94
Inventory7.47M9.7M9.82M5.56M3.72M
Days Inventory Outstanding62.7674.9671.7455.5444.87
Other Current Assets100.31K0598.4K0126.36K
Total Non-Current Assets+21.93M20.22M17.75M14.59M15.87M
Property, Plant & Equipment19.45M17.47M14.89M12.1M11.27M
Fixed Asset Turnover3.11x3.70x4.45x3.77x3.42x
Goodwill00000
Intangible Assets0554.76K432.97K291.56K197.79K
Long-Term Investments00000
Other Non-Current Assets2.26M1.94M2.11M1.8M4.08M
Total Assets+73.85M72.7M66.01M59.04M43.64M
Asset Turnover0.82x0.89x1.00x0.77x0.88x
Asset Growth %--0.02%-0.09%-0.11%-0.26%
Total Current Liabilities+49.15M41.28M25.77M19.09M12.13M
Accounts Payable4.44M4.91M5.67M3.41M3.65M
Days Payables Outstanding37.2737.9741.3934.0844.06
Short-Term Debt21.76M18.71M15.81M13.41M5.58M
Deferred Revenue (Current)291.62K18.81K74.23K117.13K63.01K
Other Current Liabilities20.5M15.06M1.47M1.28M1.52M
Current Ratio1.06x1.27x1.87x2.33x2.29x
Quick Ratio0.90x1.04x1.49x2.04x1.98x
Cash Conversion Cycle147.8152.77130.13105.793.75
Total Non-Current Liabilities+54.77K915.96K146.93K37.99K456.93K
Long-Term Debt00000
Capital Lease Obligations54.77K915.96K146.93K37.99K456.93K
Deferred Tax Liabilities00000
Other Non-Current Liabilities00000
Total Liabilities49.21M42.2M25.92M19.12M12.59M
Total Debt+21.81M20.41M16.73M13.6M6.26M
Net Debt-1.59M-864.28K-2.12M-13.98M-7.09M
Debt / Equity0.89x0.67x0.42x0.34x0.20x
Debt / EBITDA2.90x2.82x2.24x21.94x-
Net Debt / EBITDA-0.21x-0.12x-0.28x-22.54x-
Interest Coverage9.97x11.47x13.00x-1.58x-7.22x
Total Equity+24.64M30.5M40.09M39.92M31.05M
Equity Growth %-0.24%0.31%-0%-0.22%
Book Value per Share0.992.713.563.882.76
Total Shareholders' Equity24.64M30.5M40.09M39.92M31.05M
Common Stock10K20K20K22.5K22.5K
Retained Earnings25.76M11.84M8.65M8.27M-498.45K
Treasury Stock00000
Accumulated OCI-1.34M1.13M320.47K-2.74M-2.84M
Minority Interest00000

Cash Flow

Jun 2020Jun 2021Jun 2022Jun 2023Jun 2024
Cash from Operations+4.49M5.34M2.04M8.11M-4.11M
Operating CF Margin %0.07%0.08%0.03%0.18%-0.11%
Operating CF Growth %-0.19%-0.62%2.98%-1.51%
Net Income4M3.67M4.08M-354.11K-8.77M
Depreciation & Amortization2.09M2.13M1.94M1.7M1.4M
Stock-Based Compensation00000
Deferred Taxes32.57K-3.87K-68.19K-106.1K67.81K
Other Non-Cash Items177.56K-2.54K81.59K14.42K633.54K
Working Capital Changes-1.81M-453.17K-3.99M6.85M2.56M
Change in Receivables2.09M-1.38M-1.39M6.69M688.28K
Change in Inventory456.34K-1.44M-633.04K3.41M1.28M
Change in Payables-755.63K-443.38K1.38M-1.59M250.49K
Cash from Investing+-1.53M-1.47M2.07M-216.52K-2.24M
Capital Expenditures-2.6M-1.23M-540.59K-216.52K-2.41M
CapEx % of Revenue0.04%0.02%0.01%0%0.06%
Acquisitions-----
Investments-----
Other Investing0-604.12K2.57M00
Cash from Financing+5.74M-7.31M-5.59M1.8M-7.86M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00-8.86M00
Share Repurchases-----
Other Financing5.74M06.01M00
Net Change in Cash-----
Free Cash Flow+1.89M4.11M1.5M7.89M-6.48M
FCF Margin %0.03%0.06%0.02%0.17%-0.17%
FCF Growth %-1.17%-0.64%4.27%-1.82%
FCF per Share0.080.370.130.77-0.58
FCF Conversion (FCF/Net Income)1.12x1.46x0.50x-22.90x0.47x
Interest Paid0466.96K429.98K684.36K850.61K
Taxes Paid0841.46K516.79K614.03K593.57K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)16.23%13.3%11.55%-0.89%-24.72%
Return on Invested Capital (ROIC)17.67%14.52%12.28%-2.54%-20.82%
Gross Margin28.09%26.88%24.57%19.88%21.55%
Net Margin6.62%5.68%6.16%-0.78%-22.76%
Debt / Equity0.89x0.67x0.42x0.34x0.20x
Interest Coverage9.97x11.47x13.00x-1.58x-7.22x
FCF Conversion1.12x1.46x0.50x-22.90x0.47x
Revenue Growth-6.88%2.58%-31.15%-15.5%

Revenue by Geography

20232024
CHINA19.68M19.32M
CHINA Growth--1.83%
HONG KONG1.33M1.39M
HONG KONG Growth-4.91%
Asia1.99M1.39M
Asia Growth--29.98%
UNITED STATES788.89K1.07M
UNITED STATES Growth-35.46%
AUSTRALIA1.17M953.16K
AUSTRALIA Growth--18.41%
VIET NAM1.8M935.67K
VIET NAM Growth--48.10%
Other Countries Member258.26K490.29K
Other Countries Member Growth-89.84%

Frequently Asked Questions

Growth & Financials

Millennium Group International Holdings Limited (MGIH) reported $71.9M in revenue for fiscal year 2024. This represents a 19% increase from $60.4M in 2020.

Millennium Group International Holdings Limited (MGIH) saw revenue decline by 15.5% over the past year.

Millennium Group International Holdings Limited (MGIH) reported a net loss of $13.2M for fiscal year 2024.

Dividend & Returns

Millennium Group International Holdings Limited (MGIH) has a return on equity (ROE) of -24.7%. Negative ROE indicates the company is unprofitable.

Millennium Group International Holdings Limited (MGIH) had negative free cash flow of $9.8M in fiscal year 2024, likely due to heavy capital investments.

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