Page: Company Financials
Migao Group Holdings Limited
$7.71
-0.19 (-2.41%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | 2024 |
|---|---|
| Stock Price | 5.68 |
| Market Capitalization | 4,741.67M |
| (-) Cash & Equivalents | 485.37M |
| (+) Total Debt | 469.72M |
| Enterprise Value | 4,726.02M |
Income Statement
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,736M | 0.00M | 4,966M | 3,771M | 4,723M | 3,841M | 2,082M | 1,857M |
| Cost of Revenue | 7,558M | 0.00M | 4,324M | 3,234M | 4,540M | 3,907M | 2,109M | 1,765M |
| Gross Profit | 1,179M | 0.00M | 642M | 537M | 183M | -66M | -27M | 92M |
| Gross Profit Margin | 13.5% | 0.0% | 12.9% | 14.2% | 3.9% | -1.7% | -1.3% | 5.0% |
| R&D Expenses | 66M | 0.00M | 35M | 31M | 31M | 39M | 25M | 24M |
| SG&A Expenses | 294M | 0.00M | 169M | 124M | 167M | 98M | 55M | 94M |
| Operating Expenses | 360M | 0.00M | 187M | 152M | 197M | 206M | 107M | 118M |
| Operating Income (EBIT) | 819M | 0.00M | 455M | 385M | -14M | -272M | -135M | -26M |
| Operating Income Margin | 9.4% | 0.0% | 9.2% | 10.2% | -0.3% | -7.1% | -6.5% | -1.4% |
| Interest Income | 0M | 0.00M | 2M | 4M | 4M | 16M | 12M | 87M |
| Interest Expense | 33M | 0.00M | 20M | 20M | 18M | 10M | 10M | 16M |
| Net Interest Income | -33M | 0.00M | -18M | -15M | -14M | 6M | 1M | 71M |
| Unusual Items | -39M | 0.00M | -24M | -36M | 562M | 737M | 398M | -7M |
| EBT Excluding Unusual Items | 786M | 0.00M | 437M | 370M | -29M | -266M | -133M | 44M |
| Pre-Tax Income | 747M | 0.00M | 413M | 334M | 533M | 471M | 265M | 37M |
| Pre-Tax Margin | 8.6% | 0.0% | 8.3% | 8.8% | 11.3% | 12.3% | 12.7% | 2.0% |
| Income Tax Expense | 131M | 0.00M | 74M | 57M | 112M | 74M | 58M | -5M |
| Net Income | 560M | 0.00M | 307M | 252M | 405M | 396M | 202M | 29M |
| Net Income Margin | 6.4% | 0.0% | 6.2% | 6.7% | 8.6% | 10.3% | 9.7% | 1.5% |
| Depreciation & Amortization | 80M | 0.00M | 19M | 9M | 20M | 9M | 9M | 14M |
| EBITDA | 899M | 0.00M | 474M | 394M | 6M | -263M | -126M | -12M |
| EBITDA Margin | 10.3% | 0.0% | 9.5% | 10.4% | 0.1% | -6.9% | -6.1% | -0.6% |
| NOPAT | 675M | 0.00M | 374M | 318M | -11M | -229M | -105M | -30M |
| NOPAT Margin | 7.7% | 0.0% | 7.5% | 8.4% | -0.2% | -6.0% | -5.0% | -1.6% |
| Owner's Earnings | 570M | 0.00M | 207M | 251M | 277M | 389M | 189M | 42M |
| Owner's Earnings Margin | 6.5% | 0.0% | 4.2% | 6.7% | 5.9% | 10.1% | 9.1% | 2.2% |
| EPS (Basic) | 0.70 | 0.00 | 0.34 | 0.37 | 0.45 | 0.44 | 0.22 | 0.03 |
| EPS (Diluted) | 0.70 | 0.00 | 0.34 | 0.37 | 0.45 | 0.44 | 0.22 | 0.03 |
| Shares (Basic) | 795M | 0.00M | 908M | 682M | 900M | 900M | 900M | 900M |
| Shares (Diluted) | 796M | 0.00M | 910M | 682M | 900M | 900M | 900M | 900M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 750.80M | 158.39M | 750.80M | 812.34M | 612.54M | 584.91M | 356.14M | 280.41M |
| Short-Term Investments | 82.76M | 300.55M | 82.76M | 0.00M | -246.81M | -301.46M | -301.43M | 0.00M |
| Cash & Short-Term Investments | 833.56M | 458.95M | 833.56M | 812.34M | 365.73M | 283.46M | 54.71M | 280.41M |
| Net Receivables | 3,199.86M | 268.81M | 3,199.86M | 2,446.67M | 338.11M | 607.15M | 453.21M | 941.80M |
| Inventory | 183.16M | 2,522.15M | 183.16M | 449.33M | 1,460.23M | 2,201.39M | 753.72M | 254.55M |
| Other Current Assets | 231.14M | 237.86M | 231.14M | 152.21M | 286.49M | -108.00M | -4.52M | 82.16M |
| Total Current Assets | 4,447.72M | 3,487.77M | 4,447.72M | 3,860.55M | 2,450.55M | 2,983.99M | 1,257.12M | 1,558.91M |
| Property, Plant & Equipment | 630.76M | 606.71M | 630.76M | 599.10M | 735.55M | 731.59M | 289.05M | 303.15M |
| Goodwill | 12.07M | 12.07M | 12.07M | 12.07M | 12.07M | 12.07M | 2.61M | 2.60M |
| Intangible Assets | 2.38M | 3.17M | 2.38M | 3.96M | 5.55M | 7.13M | 8.72M | 0.00M |
| Long-Term Investments | 89.61M | 112.84M | 89.61M | 116.31M | 139.71M | 137.08M | 358.75M | 256.40M |
| Tax Assets | 4.70M | 0.00M | 4.70M | 0.00M | 5.08M | 6.14M | 2.46M | 10.75M |
| Other Non-Current Assets | 59.25M | 79.79M | 59.25M | 13.55M | 19.34M | 14.99M | 3.80M | 11.16M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 798.76M | 814.58M | 798.76M | 744.98M | 917.30M | 909.01M | 665.38M | 584.06M |
| Total Assets | 5,246.48M | 4,302.35M | 5,246.48M | 4,605.53M | 3,367.85M | 3,893.00M | 1,922.50M | 2,142.98M |
| Accounts Payable | 532.54M | 354.95M | 532.54M | 349.93M | 496.88M | 959.46M | 697.23M | 370.14M |
| Short-Term Debt | 428.01M | 237.72M | 428.01M | 380.74M | 270.56M | 387.45M | 129.02M | 848.77M |
| Tax Payables | 392.04M | 0.00M | 392.04M | 186.13M | 177.99M | 139.23M | 74.13M | 14.08M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 383.80M | 755.56M | 484.82M | 136.95M |
| Other Current Liabilities | 768.62M | 797.33M | 768.62M | 952.37M | -35.22M | 321.22M | 222.24M | 304.90M |
| Total Current Liabilities | 2,121.21M | 1,390.00M | 2,121.21M | 1,869.16M | 1,294.00M | 2,562.92M | 1,607.44M | 1,674.84M |
| Long-Term Debt | 154.33M | 148.75M | 154.33M | 164.43M | 80.00M | 40.00M | 50.00M | 0.00M |
| Capital Lease Obligations | 14.30M | 2.43M | 14.30M | 5.38M | 6.14M | 5.62M | 1.61M | 2.28M |
| Deferred Tax Liabilities | 2.40M | 0.00M | 2.40M | 2.78M | 3.17M | 3.58M | 0.00M | 3.92M |
| Other Non-Current Liabilities | 0.00M | 2.59M | 0.00M | 0.00M | 0.00M | 0.00M | 3.35M | 2.28M |
| Total Non-Current Liabilities | 171.04M | 153.77M | 171.04M | 172.59M | 89.31M | 49.20M | 54.96M | 8.47M |
| Total Liabilities | 2,292.24M | 1,543.77M | 2,292.24M | 2,041.75M | 1,383.32M | 2,612.12M | 1,662.41M | 1,683.32M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 64.50M | 64.50M | 64.50M | 63.86M | 0.07M | 0.07M | 0.07M | 0.07M |
| Retained Earnings | 2,997.63M | 2,924.25M | 2,997.63M | 2,843.56M | 2,591.08M | 2,185.99M | 1,789.66M | 1,466.29M |
| Accumulated OCI | 0.00M | -1,172.87M | -1,176.75M | -1,174.92M | -1,174.65M | -1,158.77M | -1,163.03M | -1,051.93M |
| Minority Interest | 186.04M | 148.68M | 186.04M | 167.42M | 177.15M | 182.27M | 34.47M | 26.76M |
| Total Shareholders’ Equity | 3,062.12M | 1,815.88M | 1,885.37M | 1,732.50M | 1,416.50M | 1,027.29M | 626.69M | 414.42M |
| Total Equity | 3,248.16M | 1,964.56M | 2,071.41M | 1,899.91M | 1,593.65M | 1,209.56M | 661.16M | 441.19M |
| Total Liabilities & Equity | 5,540.40M | 3,508.33M | 4,363.65M | 3,941.66M | 2,976.97M | 3,821.68M | 2,323.57M | 2,124.50M |
| Tangible Assets | 5,232.03M | 4,287.11M | 5,232.03M | 4,589.50M | 3,350.23M | 3,873.80M | 1,911.18M | 2,140.37M |
| Tangible Equity | 3,233.71M | 1,949.32M | 2,056.96M | 1,883.88M | 1,576.04M | 1,190.36M | 649.84M | 438.58M |
| Tangible Book Value | 3,233.71M | 1,949.32M | 2,056.96M | 1,883.88M | 1,576.04M | 1,190.36M | 649.84M | 438.58M |
| Total Investments | 172.36M | 413.39M | 172.36M | 116.31M | 139.71M | 137.08M | 358.75M | 256.40M |
| Net Debt | -168.46M | 228.07M | -168.46M | -267.18M | -261.98M | -157.47M | -177.12M | 568.36M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| Working Capital | 2,285.8M | 1,993.2M | 2,285.8M | 2,038.5M | 876.2M | 495.3M | 150.9M | -136.7M |
| Total Capital | 3,327.4M | 2,896.7M | 3,327.4M | 3,201.7M | 1,782.4M | 1,463.1M | 811.5M | 1,265.5M |
| Capital Employed | 3,084.5M | 2,807.8M | 3,084.5M | 2,783.4M | 2,125.4M | 2,093.9M | 1,158.1M | 447.4M |
| Invested Capital | 2,576.5M | 2,738.3M | 2,576.5M | 2,389.4M | 1,169.9M | 878.1M | 455.3M | 985.1M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net Income | 559.95M | 0.00M | 413.37M | 252.48M | 463.15M | 396.34M | 202.29M | 28.59M |
| Depreciation & Amortization | 37.03M | 0.00M | 18.96M | 18.07M | 17.75M | 13.87M | 14.08M | 14.38M |
| Deferred Income Tax | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Stock-Based Compensation | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | -1,595.29M | 0.00M | -339.32M | -1,023.95M | -348.54M | -415.59M | 124.53M | -190.96M |
| Accounts Receivable | -1,637.41M | 0.00M | -874.25M | -833.44M | -176.83M | -649.39M | 77.97M | -204.74M |
| Inventory | 42.41M | 0.00M | 302.91M | -284.23M | 714.89M | -634.02M | -78.61M | 10.40M |
| Accounts Payable | 0.00M | 0.00M | 0.00M | -45.13M | -621.01M | 549.21M | -185.46M | 75.11M |
| Other Working Capital | -0.29M | 0.00M | 232.02M | 138.85M | -315.55M | 230.06M | 310.63M | -71.72M |
| Other Non-Cash Items | 676.41M | 0.00M | 25.21M | 313.27M | 1.70M | 0.37M | -79.67M | -70.12M |
| Net Cash from Operating Activities | -321.91M | 0.00M | 118.23M | -440.13M | 134.06M | -5.02M | 261.24M | -218.10M |
| Capital Expenditures (PPE) | -70.09M | 0.00M | -119.84M | -10.68M | -148.77M | -15.90M | -21.52M | -1.23M |
| Acquisitions (Net) | 0.00M | 0.00M | 0.00M | 8.57M | 17.37M | 34.71M | 204.40M | 0.10M |
| Purchases of Investments | 0.00M | 0.00M | -298.33M | 0.00M | -27.95M | -358.25M | -452.07M | -231.84M |
| Sales / Maturities of Investments | 0.00M | 0.00M | 223.56M | 0.00M | 30.24M | 257.24M | 138.44M | 113.46M |
| Other Investing Activities | -192.35M | 0.00M | -76.41M | 10.68M | 37.84M | 75.96M | 51.10M | 46.87M |
| Net Cash from Investing Activities | -262.45M | 0.00M | -271.02M | 8.57M | -91.27M | -6.24M | -79.66M | -72.65M |
| Net Debt Issuance | 18.10M | 0.00M | 153.07M | 296.60M | 58.95M | 165.41M | -38.13M | 0.00M |
| Long-Term Debt Issuance | 18.10M | 0.00M | 153.07M | 296.60M | 58.95M | 165.41M | -33.18M | 0.00M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -4.95M | 0.00M |
| Net Stock Issuance | 0.00M | 0.00M | 33.08M | 832.72M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock Issuance | 0.00M | 0.00M | 33.08M | 832.72M | -9.36M | -3.78M | -0.86M | -0.19M |
| Common Stock Repurchased | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -55.45M | 0.00M | -55.45M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | -55.45M | 0.00M | -55.45M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | 1,004.41M | 0.00M | -37.41M | -255.55M | -21.40M | 66.98M | -93.99M | 117.15M |
| Net Cash from Financing Activities | 967.06M | 0.00M | 93.29M | 873.77M | 37.55M | 232.39M | -132.12M | 117.15M |
| Effect of FX on Cash | 2.37M | 0.00M | -2.04M | 4.41M | 1.94M | 2.93M | -0.81M | 0.00M |
| Net Change in Cash | -203.21M | 0.00M | -61.54M | 446.61M | 82.28M | 228.77M | 48.66M | -173.59M |
| Cash at Beginning of Period | 203.21M | 0.00M | 812.34M | 365.73M | 584.91M | 356.14M | 306.79M | 454.00M |
| Cash at End of Period | 0.00M | 0.00M | 750.80M | 812.34M | 612.54M | 584.91M | 356.14M | 280.41M |
| Operating Cash Flow | -321.91M | 0.00M | 118.23M | -440.13M | 138.07M | -5.02M | 295.65M | -218.10M |
| Capital Expenditure | -70.09M | 0.00M | -119.84M | -10.68M | -148.77M | -15.90M | -21.52M | -1.23M |
| Free Cash Flow | -392.00M | 0.00M | -1.61M | -450.82M | -10.70M | -20.91M | 274.13M | -219.33M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 |
|---|---|---|---|---|---|---|---|---|
| EBITDA | 899.17M | 0.00M | 457.08M | 391.06M | 4.50M | -193.68M | -98.17M | -11.95M |
| (-) Tax Adjustment | 158.05M | 0.00M | 81.70M | 67.30M | 0.94M | -30.62M | -21.64M | 0.00M |
| (-) Change In Working Capital | -1,595.29M | 0.00M | -339.32M | -1,023.95M | -348.54M | -415.59M | 124.53M | -190.96M |
| (-) Capital Expenditure | -70.09M | 0.00M | -119.84M | -10.68M | -148.77M | -15.90M | -21.52M | -1.23M |
| Unlevered Free Cash Flow | 2,217.37M | 0.00M | 594.86M | 1,337.04M | 203.33M | 236.64M | -222.58M | 177.78M |
| (-) Net Interest Income After Taxes | -27.24M | 0.00M | -14.72M | -12.52M | -11.15M | 5.04M | 1.08M | 70.64M |
| Net Debt Issuance | 18.10M | 0.00M | 153.07M | 296.60M | 58.95M | 165.41M | -38.13M | 0.00M |
| Levered Free Cash Flow | 2,262.70M | 0.00M | 762.65M | 1,646.15M | 273.43M | 397.01M | -261.78M | 107.13M |