Megan Holdings Limited Ordinary Shares (MGN) 10-Year Financial Performance & Capital Metrics

MGN • • Industrial / General

IndustrialsEngineering & ConstructionHeavy Civil ConstructionMarine & Water Infrastructure

AboutMegan Holdings Limited engages in the development, construction, and maintenance of aquaculture and agriculture farms and related works in Malaysia. It is also involved in the supply of industrial machinery; rental of machinery for agriculture and aquaculture; and upgrading and maintenance of aquaculture and agriculture farms. The company was founded in 2020 and is based in Kuala Lumpur, Malaysia. Megan Holdings Limited is a subsidiary of Star Sprite Limited.Show more

Revenue $85M +17.9%
EBITDA $10M -15.2%
Net Income $8M +0.9%
EPS (Diluted) 0.47
Gross Margin 16.76% -16.1%
EBITDA Margin 11.71% -28.0%
Operating Margin 11.69% -28.0%
Net Margin 9.72% -14.4%
ROE 32.34% -31.6%
ROIC 37.08% -45.6%
Debt/Equity 0.01
Interest Coverage 6460.27 -78.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Excellent 3Y average ROE of 44.9%
✓Healthy 5Y average net margin of 12.3%
✓Trading at only 1.0x book value
✓Efficient asset utilization: 1.6x turnover

✗Weaknesses

✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg48.15%

5Y Avg48.15%

3Y Avg48.15%

Latest38.63%

Peer Comparison

Marine & Water Infrastructure

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
GLDDGreat Lakes Dredge & Dock Corporation	1.05B	15.44	18.38	29.35%	9.65%	16.04%	1.23
MGNMegan Holdings Limited Ordinary Shares	28.36M	1.75	3.71	17.88%	9.72%	32.34%	0.01
SHIMShimmick Corporation Common Stock	131.08M	3.66	-0.89	-24.11%	-12.33%	-6.97%
SLNDSouthland Holdings, Inc.	177.49M	3.28	-1.50	-15.53%	-10.08%	-107.82%	1.83
ORNOrion Group Holdings, Inc.	447.69M	11.22	-237.21	11.89%	1.13%	6.01%	0.63

Profit & Loss

	Dec 2021	Dec 2022	Dec 2023
Sales/Revenue+	45.96M	72.31M	85.24M
Revenue Growth %	-	0.57%	0.18%
Cost of Goods Sold+	36.09M	57.87M	70.96M
COGS % of Revenue	0.79%	0.8%	0.83%
Gross Profit+	9.86M	14.44M	14.28M
Gross Margin %	0.21%	0.2%	0.17%
Gross Profit Growth %	-	0.46%	-0.01%
Operating Expenses+	4.79M	2.7M	4.31M
OpEx % of Revenue	0.1%	0.04%	0.05%
Selling, General & Admin	4.78M	2.69M	4.03M
SG&A % of Revenue	0.1%	0.04%	0.05%
Research & Development	0	0	0
R&D % of Revenue	-	-	-
Other Operating Expenses	1.82K	386	283.02K
Operating Income+	5.08M	11.74M	9.97M
Operating Margin %	0.11%	0.16%	0.12%
Operating Income Growth %	-	1.31%	-0.15%
EBITDA+	5.1M	11.76M	9.98M
EBITDA Margin %	0.11%	0.16%	0.12%
EBITDA Growth %	-	1.31%	-0.15%
D&A (Non-Cash Add-back)	22.18K	17.69K	9.1K
EBIT	9.74M	11.87M	11.52M
Net Interest Income+	-352	1.94K	90
Interest Income	1.47K	2.33K	1.63K
Interest Expense	1.82K	386	1.54K
Other Income/Expense	4.66M	125.98K	1.55M
Pretax Income+	9.73M	11.87M	11.52M
Pretax Margin %	0.21%	0.16%	0.14%
Income Tax+	2.43M	3.66M	3.24M
Effective Tax Rate %	0.75%	0.69%	0.72%
Net Income+	7.31M	8.21M	8.29M
Net Margin %	0.16%	0.11%	0.1%
Net Income Growth %	-	0.12%	0.01%
Net Income (Continuing)	7.31M	8.21M	8.29M
Discontinued Operations	0	0	0
Minority Interest	0	0	0
EPS (Diluted)+	0.42	0.47	0.47
EPS Growth %	-	0.12%	0%
EPS (Basic)	0.42	0.47	0.47
Diluted Shares Outstanding	17.5M	17.5M	17.5M
Basic Shares Outstanding	17.5M	17.5M	17.5M
Dividend Payout Ratio	-	-	-

Balance Sheet

	Dec 2021	Dec 2022	Dec 2023
Total Current Assets+	31.02M	47.85M	51.46M
Cash & Short-Term Investments	11.44M	21.48M	8.55M
Cash Only	1.74M	7.2M	4.12M
Short-Term Investments	9.7M	14.27M	4.43M
Accounts Receivable	11.55M	17.33M	20.09M
Days Sales Outstanding	91.77	87.46	86.03
Inventory	0	0	0
Days Inventory Outstanding	-	-	-
Other Current Assets	0	0	12.09K
Total Non-Current Assets+	17.61K	934.67K	3.33M
Property, Plant & Equipment	17.61K	4.66K	557.76K
Fixed Asset Turnover	2609.06x	15507.19x	152.82x
Goodwill	0	0	0
Intangible Assets	0	0	0
Long-Term Investments	0	0	0
Other Non-Current Assets	0	0	0
Total Assets+	31.03M	48.79M	54.8M
Asset Turnover	1.48x	1.48x	1.56x
Asset Growth %	-	0.57%	0.12%
Total Current Liabilities+	17.76M	27.3M	24.67M
Accounts Payable	8.59M	3.64M	1.75M
Days Payables Outstanding	86.86	22.98	9.01
Short-Term Debt	0	0	30.63K
Deferred Revenue (Current)	499.75K	1000K	1000K
Other Current Liabilities	0	0	0
Current Ratio	1.75x	1.75x	2.09x
Quick Ratio	1.75x	1.75x	2.09x
Cash Conversion Cycle	-	-	-
Total Non-Current Liabilities+	0	0	357.49K
Long-Term Debt	0	0	357.49K
Capital Lease Obligations	0	0	0
Deferred Tax Liabilities	0	0	0
Other Non-Current Liabilities	0	0	0
Total Liabilities	17.76M	27.3M	25.03M
Total Debt+	17.61K	0	388.11K
Net Debt	-1.72M	-7.2M	-3.73M
Debt / Equity	0.00x	-	0.01x
Debt / EBITDA	0.00x	-	0.04x
Net Debt / EBITDA	-0.34x	-0.61x	-0.37x
Interest Coverage	2790.43x	30423.89x	6460.27x
Total Equity+	13.27M	21.48M	29.77M
Equity Growth %	-	0.62%	0.39%
Book Value per Share	0.76	1.23	1.70
Total Shareholders' Equity	13.27M	21.48M	29.77M
Common Stock	6.26K	6.26K	6.26K
Retained Earnings	13.02M	21.23M	29.52M
Treasury Stock	0	0	0
Accumulated OCI	0	0	0
Minority Interest	0	0	0

Cash Flow

	Dec 2021	Dec 2022	Dec 2023
Cash from Operations+	5.73M	15.45M	-20.95M
Operating CF Margin %	0.12%	0.21%	-0.25%
Operating CF Growth %	-	1.7%	-2.36%
Net Income	7.31M	8.21M	8.29M
Depreciation & Amortization	22.18K	17.69K	9.1K
Stock-Based Compensation	0	0	0
Deferred Taxes	0	0	0
Other Non-Cash Items	-4.65M	-123.65K	-1.27M
Working Capital Changes	3.06M	7.35M	-27.98M
Change in Receivables	-5.5M	-5.82M	-3.04M
Change in Inventory	0	0	0
Change in Payables	7.53M	-4.94M	-1.89M
Cash from Investing+	-5.05M	-9M	15.33M
Capital Expenditures	0	-4.56M	-562.2K
CapEx % of Revenue	-	0.06%	0.01%
Acquisitions	-	-	-
Investments	-	-	-
Other Investing	0	0	4.5M
Cash from Financing+	973K	-982.98K	2.53M
Debt Issued (Net)	-	-	-
Equity Issued (Net)	-	-	-
Dividends Paid	0	0	0
Share Repurchases	-	-	-
Other Financing	973K	-982.98K	2.15M
Net Change in Cash	-	-	-
Free Cash Flow+	5.73M	10.89M	-21.51M
FCF Margin %	0.12%	0.15%	-0.25%
FCF Growth %	-	0.9%	-2.97%
FCF per Share	0.33	0.62	-1.23
FCF Conversion (FCF/Net Income)	0.78x	1.88x	-2.53x
Interest Paid	1.82K	386	1.54K
Taxes Paid	0	0	0

Key Ratios

Metric	2021	2022	2023
Return on Equity (ROE)	55.06%	47.24%	32.34%
Return on Invested Capital (ROIC)	32.97%	68.19%	37.08%
Gross Margin	21.46%	19.97%	16.76%
Net Margin	15.9%	11.36%	9.72%
Debt / Equity	0.00x	-	0.01x
Interest Coverage	2790.43x	30423.89x	6460.27x
FCF Conversion	0.78x	1.88x	-2.53x
Revenue Growth	-	57.35%	17.88%

Frequently Asked Questions

Valuation & Price

Megan Holdings Limited Ordinary Shares (MGN) has a price-to-earnings (P/E) ratio of 3.7x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Megan Holdings Limited Ordinary Shares (MGN) reported $85.2M in revenue for fiscal year 2023. This represents a 85% increase from $46.0M in 2021.

Megan Holdings Limited Ordinary Shares (MGN) grew revenue by 17.9% over the past year. This is strong growth.

Yes, Megan Holdings Limited Ordinary Shares (MGN) is profitable, generating $8.3M in net income for fiscal year 2023 (9.7% net margin).

Dividend & Returns

Megan Holdings Limited Ordinary Shares (MGN) has a return on equity (ROE) of 32.3%. This is excellent, indicating efficient use of shareholder capital.

Megan Holdings Limited Ordinary Shares (MGN) had negative free cash flow of $21.5M in fiscal year 2023, likely due to heavy capital investments.

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