Latest Ratios: P/E Ratio -9.9x · EV/EBITDA N/A · ROE -3.6%. (2019–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Market Cap | $9M | $11M | $24M | $88M | — | — | — |
| Enterprise Value | $-6282369 | $-112305760 | $-66708658 | $-30050458 | — | — | — |
| P/E Ratio → | -9.86 | — | — | — | — | — | — |
| P/S Ratio | 5.79 | 0.86 | 1.74 | 7.87 | — | — | — |
| P/B Ratio | 0.36 | 0.08 | 0.18 | 0.65 | — | — | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | 253.50 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -8.78 | -4.84 | -2.68 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Gross Margin | -26.3% | -26.3% | 29.6% | 100.0% | 100.5% | 99.0% | 100.0% |
| Operating Margin | -80.0% | -80.0% | -20.4% | -40.2% | 10.3% | 18.9% | 42.6% |
| Net Profit Margin | -37.0% | -37.0% | -3.5% | -34.3% | 9.4% | 20.6% | 35.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| ROE | -3.6% | -3.6% | -0.4% | -5.4% | 33.4% | 113.3% | 287.7% |
| ROA | -3.4% | -3.4% | -0.3% | -4.5% | 7.5% | 20.1% | 39.3% |
| ROIC | -5.7% | -5.7% | -1.5% | -4.5% | 15.0% | 39.1% | 105.3% |
| ROCE | -7.7% | -7.7% | -2.1% | -6.1% | 38.6% | 18.5% | 50.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.01 | 0.03 | 0.99 | 0.61 | 1.44 |
| Debt / EBITDA | — | — | — | — | 1.14 | 0.33 | 0.33 |
| Net Debt / Equity | — | -0.95 | -0.68 | -0.87 | -1.13 | -1.40 | -3.06 |
| Net Debt / EBITDA | — | — | — | — | -1.30 | -0.76 | -0.70 |
| Debt / FCF | — | — | — | — | -9.17 | — | -1.61 |
| Interest Coverage | -76.25 | -76.25 | -2.47 | -13.92 | 21.06 | — | — |
Net cash position: cash ($128M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 36.88 | 36.88 | 24.13 | 20.91 | 0.71 | — | 8.86 |
| Quick Ratio | 36.88 | 36.88 | 24.13 | 20.91 | 0.71 | — | 8.86 |
| Cash Ratio | 36.00 | 36.00 | 23.16 | 20.21 | 0.71 | — | 8.86 |
| Asset Turnover | — | 0.09 | 0.10 | 0.08 | 0.65 | 1.25 | 1.10 |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 6.6% | 4.5% | — | — | — |
| Payout Ratio | — | — | — | — | — | 89.3% | 69.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 6.6% | 4.5% | — | — | — |
| Shares Outstanding | — | $5M | $5M | $17M | $15M | $20M | $15M |
Cyclical Deal Flow Dependence
Based on recent market data, MEGL trades at a price-to-book ratio of 0.36, which suggests that the market is pricing the firm significantly below its net asset value, likely reflecting deep skepticism regarding the company's ability to generate future earnings from its current capital base.
The negative P/E of -9.86 and the lack of a forward P/E multiple indicate that the market currently views the company as a non-earning entity. Investors appear to be valuing the firm primarily as a cash-heavy shell rather than a viable financial services provider, given the disconnect between its market capitalization and its substantial liquid assets.
As reported in historical financial statements, MEGL's ROIC has trended into negative territory, reaching -4.9% in 2024Q4, which highlights a fundamental inability to deploy its substantial cash reserves into projects that generate returns exceeding the cost of maintaining its professional regulatory infrastructure.
The decline from a positive 15.1% ROIC in 2021Q4 to current negative levels underscores a structural deterioration in capital efficiency. This trend suggests that the firm's core business model is currently destroying value rather than compounding it, as the fixed costs of maintaining SFC licenses continue to weigh heavily on the bottom line.
According to recent regulatory filings, MEGL's asset turnover has plummeted to 0.04, indicating that the company is failing to utilize its asset base to drive revenue, a stark contrast to the 0.50 turnover ratio observed during more active periods in 2021.
The low asset turnover, combined with a lack of meaningful movement in the cash conversion cycle, suggests that the firm is currently experiencing a significant slowdown in deal-related billing. This inefficiency appears to be a direct result of the broader contraction in Hong Kong's IPO market, which has left the company's professional staff underutilized.
Based on the 2024Q4 balance sheet, MEGL maintains an exceptionally high current ratio of 36.88, which, while providing a massive safety buffer, indicates that the firm is holding idle capital rather than deploying it into productive, revenue-generating activities within the capital markets sector.
While this liquidity position protects the firm from immediate insolvency, it also highlights a lack of strategic direction for the $127.5 million in cash. The company's reliance on this cash cushion to offset operational losses warrants further investigation into whether management intends to pivot toward a different business model.
As evidenced by the company's financial disclosures, the price-to-book ratio is frequently misapplied to MEGL, as it obscures the fact that the firm's book value is dominated by cash rather than productive operating assets or intellectual property that could drive future growth.
Investors should instead focus on the company's ability to generate positive operating cash flow, as the book value is largely static and does not reflect the ongoing erosion of equity through persistent operating losses. Relying on P/B in this context may lead to a false sense of security regarding the firm's underlying business viability.
Includes 30+ ratios · 6 years · Updated daily
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Quick answers to the most common questions about buying MEGL stock.
Magic Empire Global Limited's current P/E ratio is -9.9x. This places it at the 50th percentile of its historical range.
Magic Empire Global Limited's return on equity (ROE) is -3.6%. The historical average is 70.9%.
Based on historical data, Magic Empire Global Limited is trading at a P/E of -9.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Magic Empire Global Limited has -26.3% gross margin and -80.0% operating margin.