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mF International Limited (MFI) 10-Year Financial Performance & Capital Metrics

MFI • • Industrial / General
TechnologyApplication SoftwareFinancial Technology & PaymentsTrading & Investment Platforms
AboutmF International Limited, a holding company, engages in the research and development, and sale of financial trading solutions through the Internet or as a platform as a service in Hong Kong, mainland China, and Southeast Asia. It offers real-time mission critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients; and various services, including mF4 trading platform, bridge and plugins, customer relationship management system, electronic communication network system, liquidity solutions, cross-platform Broker+ solution, social trading applications, and other value-added services. The company also provides liquidity providers related services and other financial value-added services; and engages in the business of algorithm trading research and development, and investment activities. It serves financial institutions, including brokers, investment banks, institutional clients, liquidity providers, and financial services providers. The company was founded in 2002 and is headquartered in Wan Chai, Hong Kong. mF International Limited operates as a subsidiary of Gaderway Investments Limited.Show more
  • Revenue $26M -18.4%
  • EBITDA -$13M -294.6%
  • Net Income -$20M -404.9%
  • EPS (Diluted) -12.70 -377.3%
  • Gross Margin 47.16% -16.1%
  • EBITDA Margin -50.85% -338.4%
  • Operating Margin -74.26% -455.2%
  • Net Margin -77.48% -473.6%
  • ROE -84.82% -241.8%
  • ROIC -69.68% -319.5%
  • Debt/Equity 0.21 -80.7%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 82 (top 18%)
  • ✓Good 3Y average ROE of 17.0%
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free 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-6.79%
TTM-12.12%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-292.13%

EPS CAGR

10Y-
5Y-
3Y-
TTM-266.67%

ROCE

10Y Avg16.76%
5Y Avg16.76%
3Y Avg0.53%
Latest-61.56%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
MKTWMarketWise, Inc.38.21M15.814.43-8.81%1.7%
AGMHAGM Group Holdings Inc.4.05M2.000.31-65.51%9.73%14.26%100%0.10
NUKKNukkleus Inc.85.47M3.65-0.74-63.55%-144.07%
MTCMMTec, Inc.77.32M3.07-0.84114.77%-35.07%-122.4%0.93%1.22
MFImF International Limited833.78M17.00-1.34-18.38%-50.03%-132.69%0.21
BULLWebull Corporation Class A Ordinary Shares3.42B8.18-7.240.16%-3.03%-1.84%5.35%0.03
FRGEForge Global Holdings, Inc.616.78M44.55-8.2013.62%-67.42%-30.34%0.06
BLBXBlackboxstocks Inc.43.31M10.06-9.77-17.36%-157.79%-78.75%0.06

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+35.19M32.21M34.93M31.96M26.09M
Revenue Growth %--0.08%0.08%-0.09%-0.18%
Cost of Goods Sold+20.17M16.26M16.51M14M13.78M
COGS % of Revenue0.57%0.5%0.47%0.44%0.53%
Gross Profit+15.02M15.95M18.42M17.97M12.3M
Gross Margin %0.43%0.5%0.53%0.56%0.47%
Gross Profit Growth %-0.06%0.15%-0.02%-0.32%
Operating Expenses+6.02M5.42M10.88M11.28M31.67M
OpEx % of Revenue0.17%0.17%0.31%0.35%1.21%
Selling, General & Admin5.48M5.39M10.8M11.27M31.5M
SG&A % of Revenue0.16%0.17%0.31%0.35%1.21%
Research & Development543.8K29.48K80.01K11.37K172.81K
R&D % of Revenue0.02%0%0%0%0.01%
Other Operating Expenses00000
Operating Income+9M10.53M7.54M6.68M-19.37M
Operating Margin %0.26%0.33%0.22%0.21%-0.74%
Operating Income Growth %-0.17%-0.28%-0.11%-3.9%
EBITDA+9.41M10.79M7.76M6.82M-13.26M
EBITDA Margin %0.27%0.33%0.22%0.21%-0.51%
EBITDA Growth %-0.15%-0.28%-0.12%-2.95%
D&A (Non-Cash Add-back)411.33K253.06K222.17K134.95K6.11M
EBIT9M10.53M7.54M6.68M-19.37M
Net Interest Income+-347.32K-479.9K-443.58K-353K101.15K
Interest Income347.32K000101.15K
Interest Expense0479.9K443.58K353K0
Other Income/Expense3.5M246.53K-336.03K94.97K-58K
Pretax Income+12.5M10.78M7.21M6.78M-19.43M
Pretax Margin %0.36%0.33%0.21%0.21%-0.74%
Income Tax+815.27K431.63K387.85K148.31K781.76K
Effective Tax Rate %0.93%0.96%0.95%0.98%1.04%
Net Income+11.68M10.35M6.82M6.63M-20.21M
Net Margin %0.33%0.32%0.2%0.21%-0.77%
Net Income Growth %--0.11%-0.34%-0.03%-4.05%
Net Income (Continuing)11.68M10.35M6.82M6.63M-20.21M
Discontinued Operations00000
Minority Interest00000
EPS (Diluted)+8.086.254.124.58-12.70
EPS Growth %--0.23%-0.34%0.11%-3.77%
EPS (Basic)8.086.254.124.00-12.70
Diluted Shares Outstanding1.45M1.66M1.66M1.45M1.59M
Basic Shares Outstanding1.45M1.66M1.66M1.66M1.59M
Dividend Payout Ratio--1.47%0.8%-

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+24.02M18.68M15.52M10.1M34.01M
Cash & Short-Term Investments22.98M17.13M14.04M7.15M20M
Cash Only19.33M10.08M12.06M6.81M19.66M
Short-Term Investments3.65M7.05M1.98M343.86K343.86K
Accounts Receivable244.72K681.23K1.13M2.58M1.12M
Days Sales Outstanding2.547.7211.8429.4615.68
Inventory00000
Days Inventory Outstanding-----
Other Current Assets566.73K0002.34M
Total Non-Current Assets+14.83M14.66M19.02M23.75M24.3M
Property, Plant & Equipment2.09M56.69K237.54K2.99M1.97M
Fixed Asset Turnover16.86x568.23x147.05x10.67x13.26x
Goodwill00000
Intangible Assets12.74M13.74M13.56M15.34M18.79M
Long-Term Investments00000
Other Non-Current Assets0830.25K5.2M5.42M3.55M
Total Assets+38.85M33.34M34.54M33.85M58.31M
Asset Turnover0.91x0.97x1.01x0.94x0.45x
Asset Growth %--0.14%0.04%-0.02%0.72%
Total Current Liabilities+14.83M10.26M11.9M12.18M17.04M
Accounts Payable00000
Days Payables Outstanding-----
Short-Term Debt1.49M2.73M3.7M3.86M4.01M
Deferred Revenue (Current)01000K1000K01000K
Other Current Liabilities10.47M-310.01K04.62M2.07M
Current Ratio1.62x1.82x1.30x0.83x2.00x
Quick Ratio1.62x1.82x1.30x0.83x2.00x
Cash Conversion Cycle-----
Total Non-Current Liabilities+13.86M15.6M12.21M9.93M5.35M
Long-Term Debt12.17M13.6M9.92M6.06M2.05M
Capital Lease Obligations138.28K0138.29K1.57M123.25K
Deferred Tax Liabilities002.15M2.29M3.07M
Other Non-Current Liabilities1.56M2M2.15M00
Total Liabilities28.7M25.86M24.11M22.11M22.39M
Total Debt+15.42M16.47M15.38M12.89M7.62M
Net Debt-3.92M6.38M3.32M6.08M-12.04M
Debt / Equity1.52x2.20x1.48x1.10x0.21x
Debt / EBITDA1.64x1.53x1.98x1.89x-
Net Debt / EBITDA-0.42x0.59x0.43x0.89x-
Interest Coverage-21.95x17.00x18.93x-
Total Equity+10.15M7.48M10.43M11.74M35.91M
Equity Growth %--0.26%0.39%0.13%2.06%
Book Value per Share7.014.526.298.1122.57
Total Shareholders' Equity10.15M7.48M10.43M11.74M35.91M
Common Stock3.9K3.9K3.9K3.9K3.9K
Retained Earnings19.42M29.77M8.48M9.78M-10.43M
Treasury Stock00000
Accumulated OCI-11.32M-24.34M-99.26K-81.39K-77.43K
Minority Interest00000

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+23.66M12.73M13.5M11.32M-21.88M
Operating CF Margin %0.67%0.4%0.39%0.35%-0.84%
Operating CF Growth %--0.46%0.06%-0.16%-2.93%
Net Income11.68M10.35M6.82M6.63M-20.21M
Depreciation & Amortization2.18M7.95M8.08M7.28M6.11M
Stock-Based Compensation00000
Deferred Taxes0431.63K158.49K154.19K781.76K
Other Non-Cash Items12.08M-5.14M-1.15M1.01M893.17K
Working Capital Changes-2.29M-858.56K-410.34K-3.75M-9.45M
Change in Receivables164.04K-56.16K-121.22K-312.19K668.92K
Change in Inventory00000
Change in Payables00000
Cash from Investing+-4.8M-11.35M-2.13M-5.69M-8.43M
Capital Expenditures0-934.89K-771.01K-48.16K-463.48K
CapEx % of Revenue-0.03%0.02%0%0.02%
Acquisitions-----
Investments-----
Other Investing-4.8M-9.89M-1.85M-7.27M-7.97M
Cash from Financing+-4.01M-10.64M-9.4M-10.89M45.49M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00-10M-5.33M0
Share Repurchases-----
Other Financing-7.59M-13M2.99M-1.86M-9.14M
Net Change in Cash-----
Free Cash Flow+23.66M5.47M13.45M4.01M-30.31M
FCF Margin %0.67%0.17%0.39%0.13%-1.16%
FCF Growth %--0.77%1.46%-0.7%-8.57%
FCF per Share16.343.308.122.77-19.05
FCF Conversion (FCF/Net Income)2.03x1.23x1.98x1.71x1.08x
Interest Paid0480.4K00325.08K
Taxes Paid09.9K00124.07K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)115.08%117.39%76.15%59.8%-84.82%
Return on Invested Capital (ROIC)108.32%78.62%40.98%31.75%-69.68%
Gross Margin42.68%49.52%52.73%56.21%47.16%
Net Margin33.19%32.13%19.52%20.74%-77.48%
Debt / Equity1.52x2.20x1.48x1.10x0.21x
Interest Coverage-21.95x17.00x18.93x-
FCF Conversion2.03x1.23x1.98x1.71x1.08x
Revenue Growth--8.46%8.44%-8.5%-18.38%

Frequently Asked Questions

Growth & Financials

mF International Limited (MFI) reported $59.0M in revenue for fiscal year 2024. This represents a 68% increase from $35.2M in 2020.

mF International Limited (MFI) saw revenue decline by 18.4% over the past year.

mF International Limited (MFI) reported a net loss of $29.5M for fiscal year 2024.

Dividend & Returns

mF International Limited (MFI) has a return on equity (ROE) of -84.8%. Negative ROE indicates the company is unprofitable.

mF International Limited (MFI) had negative free cash flow of $17.6M in fiscal year 2024, likely due to heavy capital investments.

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