Latest Ratios: P/E Ratio -4.3x · EV/EBITDA N/A · ROE -41.8%. (2022–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Market Cap | $7M | $119M | — | — | — |
| Enterprise Value | $4M | $116M | — | — | — |
| P/E Ratio → | -4.35 | — | — | — | — |
| P/S Ratio | 2.14 | 36.50 | — | — | — |
| P/B Ratio | 1.09 | 20.56 | — | — | — |
| P/FCF | — | — | — | — | — |
| P/OCF | — | — | — | — | — |
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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| EV / Revenue | — | 35.50 | — | — | — |
| 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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Gross Margin | 22.2% | 22.2% | 35.6% | 47.3% | 29.2% |
| Operating Margin | -49.8% | -49.8% | 20.3% | 4.4% | 12.4% |
| Net Profit Margin | -44.7% | -44.7% | 17.9% | 30.7% | 12.1% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| ROE | -41.8% | -41.8% | 97.5% | 299.2% | 185.0% |
| ROA | -30.2% | -30.2% | 51.0% | 119.2% | 61.6% |
| ROIC | -70.7% | -70.7% | 128.6% | 109.1% | 428.4% |
| ROCE | -40.4% | -40.4% | 110.9% | 43.1% | 189.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.04 | — | — |
| Debt / EBITDA | — | — | 0.05 | — | — |
| Net Debt / Equity | — | -0.56 | -0.23 | -0.72 | -0.67 |
| Net Debt / EBITDA | — | — | -0.29 | -2.43 | -0.29 |
| Debt / FCF | — | — | -0.37 | -3.20 | — |
| Interest Coverage | -46.74 | -46.74 | — | — | 762.66 |
Net cash position: cash ($5M) exceeds total debt ($1M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Current Ratio | 9.59 | 9.59 | 2.26 | 1.74 | 1.49 |
| Quick Ratio | 9.59 | 9.59 | 2.26 | 1.74 | 1.49 |
| Cash Ratio | 6.26 | 6.26 | 0.37 | 0.53 | 0.33 |
| Asset Turnover | — | 0.43 | 2.08 | 2.79 | 5.09 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 174.92 | 102.28 | 85.50 | 49.49 |
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 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | 66.9% | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.1% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.1% | 0.0% | — | — | — |
| Shares Outstanding | — | $2M | $2M | $2M | $2M |
Operational scale and liquidity
Based on recent financial data, MIMI trades at a P/S ratio of 2.11, which appears disconnected from its negative earnings profile and the 25.48% year-over-year revenue contraction, suggesting the market is pricing the entity as a cash-rich shell rather than a viable industrial operator.
The lack of a meaningful P/E or EV/EBITDA multiple reflects the company's current inability to generate sustainable operating income. Investors should monitor whether the current valuation floor is supported by the cash balance or if further operational losses will necessitate a downward re-rating of the equity.
As reported in quarterly filings, the operating margin plummeted to -92.9% in 2025Q4, highlighting a severe inability to cover fixed administrative costs as gross margins compressed to 13.7%, indicating that the firm's earning power is currently non-existent under the existing cost structure.
The widening gap between gross and operating margins suggests that the company's fixed overhead is disproportionately high relative to its current project volume. This profile implies that the firm may require a significant pivot toward higher-margin design consultancy to achieve any semblance of profitability.
According to the latest financial statements, MIMI's ROIC has collapsed to -33.5% in 2025Q4, reflecting a sharp decay in the company's ability to generate returns on its invested capital compared to the positive 28.8% ROIC recorded in 2024Q4.
This rapid decline in capital efficiency suggests that the firm is failing to deploy its resources effectively within the competitive Hong Kong fit-out market. The trend warrants investigation into whether management is misallocating capital toward non-productive assets or simply suffering from a lack of project-based scale.
Based on reported figures, the DSO has fluctuated significantly, reaching 140 days in 2025Q4, which suggests that the company is facing increasing difficulty in collecting payments from clients, thereby straining its working capital efficiency and liquidity position in a challenging macro environment.
The extended collection cycle relative to historical norms may indicate that the firm is granting overly generous credit terms to secure contracts in a shrinking market. This trend appears to be a primary driver of the company's inability to convert its project activity into reliable cash flow.
Analysts frequently misapply the current ratio to MIMI, which, at 9.59, appears deceptively strong but actually obscures the fact that the company is burning cash to fund operational losses rather than utilizing its liquidity for productive growth or strategic expansion.
Using the current ratio as a proxy for financial health is misleading here because the firm's liquidity is not a result of operational success but rather a symptom of an under-utilized balance sheet. A more appropriate metric would be the cash burn rate relative to total liquidity to assess the runway before capital erosion becomes critical.
Includes 30+ ratios · 4 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying MIMI stock.
Mint Incorporation Limited's current P/E ratio is -4.3x. This places it at the 50th percentile of its historical range.
Mint Incorporation Limited's return on equity (ROE) is -41.8%. The historical average is 135.0%.
Based on historical data, Mint Incorporation Limited is trading at a P/E of -4.3x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Mint Incorporation Limited has 22.2% gross margin and -49.8% operating margin.