View ValuationmF International 향후 성장Future 기준 점검 2/6mF International의 수익이 증가할 것으로 예상됨입니다.핵심 정보n/a이익 성장률n/aEPS 성장률Capital Markets 이익 성장11.1%매출 성장률22.3%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트11 Mar 2026최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • May 01mF International Limited announced delayed 20-F filingOn 04/30/2026, mF International Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.New Risk • Apr 21New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$19.0m market cap).New Risk • Apr 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$20.6m market cap).공시 • Jan 15Mf International Ltd Announces Resignation of Directors, Effective January 12, 2026mF International Ltd. announced that on January 12, 2026, Mr. Chi Weng Tam and Mr. Tai Wai Stephen Lam notified the Company of their resignation as directors, effective January 12, 2026. Mr. Tam and Mr. Lam were former executive officers, having resigned on June 2, 2025. Following the resignations of Mr. Tam and Mr. Lam, the board consists of two executive directors (the Company's current chief executive and chief financial officers) and three independent directors.Board Change • Dec 05High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Wei Qian is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공시 • Dec 02mF International Limited announced that it has received $500 million in fundingOn December 1, 2025, mF International Limited announced that it has received $ 500,000,000 in funding and closed the transaction.공시 • Nov 25+ 1 more updatemF International Limited Announce Management ChangesmF International Limited announced that Mr. Haoyu Wang has resigned from his position of director, and chief compliance officer of the Company effective November 24, 2025. Mr. Dawei Yuan, an entrepreneur with extensive experience in blockchain infrastructure development and security, has been appointed by the board of directors as an executive Director and Chairman of the Board of the Company, effective November 25, 2025. This strategic appointment comes at a pivotal moment as the Company establishes its recently announced digital asset treasury strategy, positioning mF to capitalize on the transformative potential of blockchain technology and digital assets. Ms. Yang Liu, executive director and chief financial officer ("CFO") of the Company, will succeed Mr. Wang in the position of CCO. Mr. Wang has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. The Board has worked closely with Mr. Wang to ensure a smooth leadership transition that maintains business continuity and advances the Company's strategic initiatives. Mr. Dawei Yuan is a serial entrepreneur and a dedicated builder of blockchain infrastructure, with a strong technical background in fintech and digital assets. Since April 2023, he has been the Founder of Red Dot Technology Limited, the fintech company behind RedotPay, which achieved unicorn status within just two years of its launch. He has also served as a Director at Trend Up Investment (HK) Limited, a Hong Kong-based asset management firm licensed for Type 1, Type 4, and Type 9 activities, since November 2023, and led the General Management Department at Hangzhou Hengxin Ruixing Private Equity Fund Management Co. Ltd. from 2021 to 2023. In 2016, Mr. Yuan co-founded ColdLar Wallet, a secure cold wallet solution for digital assets, emphasizing his commitment to blockchain security and infrastructure development. Mr. Yuan is also a Co-founder of Huobi, acting as its Operations Director from 2013 to 2015, during which Huobi became the largest cryptocurrency exchange in China. His extensive experience in blockchain and digital finance underpins his leadership in innovative projects. He holds a Bachelor's degree in Mathematics and Computational Science from China University of Petroleum, reflecting his solid technical expertise that supports his entrepreneurial ventures and leadership in blockchain development. On November 21, 2025, the Company announced its plans to initiate a digital asset treasury strategy. Mr. Dawei Yuan's appointment as CEO and Chairman of the Board represents a significant step forward in executing this strategy. His proven track record in building blockchain infrastructure, combined with his deep understanding of digital asset security and management built up through previous leadership roles, uniquely positions him to guide mF's transformation. The Board believes that Mr. Yuan's expertise in both the technical and business aspects of digital assets will be instrumental in the successful implementation of the Company's treasury strategy, which will include investments in BCH and other digital assets as a hedge against inflation and a potential source of value creation for shareholders.공시 • Nov 22mF International Limited announced that it expects to receive $500 million in fundingmF International Limited announced a private placement and entered into a securities purchase agreement with accredited institutional investors to issue 50,000,000 class A ordinary shares at a price of $10 for gross proceeds of $500,000,000 and pre-funded warrants for aggregate proceeds of $500,000,000 on November 21, 2025. The PIPE is expected to close on or around December 1, 2026.Reported Earnings • Oct 06First half 2025 earnings released: HK$8.27 loss per share (vs HK$3.35 loss in 1H 2024)First half 2025 results: HK$8.27 loss per share (further deteriorated from HK$3.35 loss in 1H 2024). Revenue: HK$15.1m (up 21% from 1H 2024). Net loss: HK$13.7m (loss widened 147% from 1H 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US.New Risk • Oct 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$13m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$63.2m market cap).New Risk • Jul 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 478% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 77% per year over the past 5 years. Shareholders have been substantially diluted in the past year (478% increase in shares outstanding). Minor Risk Revenue is less than US$5m (HK$26m revenue, or US$3.3m).Buy Or Sell Opportunity • Jun 04Now 83% overvalued after recent price riseOver the last 90 days, the stock has risen 168% to US$1.93. The fair value is estimated to be US$1.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Meanwhile, the company became loss making.공시 • May 10mF International Limited, Annual General Meeting, May 30, 2025mF International Limited, Annual General Meeting, May 30, 2025, at 15:00 China Standard Time. Location: unit 1801, fortis tower, 77-79 gloucester road, wan chai, Hong KongReported Earnings • Apr 25Full year 2024 earnings released: HK$1.59 loss per share (vs HK$0.57 profit in FY 2023)Full year 2024 results: HK$1.59 loss per share (down from HK$0.57 profit in FY 2023). Revenue: HK$26.1m (down 18% from FY 2023). Net loss: HK$20.2m (down 405% from profit in FY 2023).공시 • Feb 05mF International Receives Additional 180 Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price RulemF International Limited announced that it has received an extension of 180 calendar days from The Nasdaq Stock Market LLC to regain compliance with the Nasdaq's minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the "Bid Price Requirement"), following the expiration of the initial 180 calendar days period to regain compliance on January 28, 2025. As previously announced, the Company received a written notification from Nasdaq dated August 1, 2024, indicating that because the closing bid price of the Company's ordinary shares for the previous 30 consecutive business days was below $1.00 per share, the Company was not in compliance with the Bid Price Requirement, and Nasdaq granted the Company a period of 180 calendar days, or until January 28, 2025, to regain compliance with the Bid Price Requirement. As of the date hereof, the Company has not regained compliance with the Bid Price Requirement. Pursuant to the Extension Notice, the Company is eligible for an additional 180 calendar day period, or until July 28, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's Class A ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. In the event that compliance cannot be demonstrated by July 28, 2025, the staff of Nasdaq will provide written notification that the Company's securities will be delisted. The Company intends to monitor the closing bid price of its Class A ordinary shares between now and July 28, 2025, and is considering its options to regain compliance with the Bid Price Requirement. The Company believes that the Extension Notice does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or its contractual obligations.Buy Or Sell Opportunity • Jan 06Now 30% undervaluedThe stock has been flat over the last 90 days, currently trading at US$0.98. The fair value is estimated to be US$1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last year. Meanwhile, the company became loss making.Reported Earnings • Oct 16First half 2024 earnings released: HK$0.46 loss per share (vs HK$0.19 profit in 1H 2023)First half 2024 results: HK$0.46 loss per share (down from HK$0.19 profit in 1H 2023). Revenue: HK$12.5m (down 12% from 1H 2023). Net loss: HK$5.55m (down 350% from profit in 1H 2023).Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 39%After last week's 39% share price gain to US$1.07, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 21x in the Capital Markets industry in the US.공시 • Aug 19mF International Limited, Annual General Meeting, Sep 06, 2024mF International Limited, Annual General Meeting, Sep 06, 2024, at 15:00 China Standard Time. Location: unit 1801, fortis tower, 77-79 gloucester road, wan chai, Hong Kong공시 • Aug 07mF International Limited Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencymF International Limited announced that the Company received a written notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC on August 1, 2024, notifying the Company that it is not in compliance with the minimum bid price requirement as set under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of $1.00 per share and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s ordinary shares for the 30 consecutive business days from June 18, 2024 to July 31, 2024, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 28, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by the end of the 180 calendar day period, which is January 28, 2025, the Company may be eligible for additional time to regain compliance or may face delisting. The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid prices of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.New Risk • Aug 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.41m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 8.5% over the past year. High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (US$9.41m market cap). Minor Risk Revenue is less than US$5m (HK$32m revenue, or US$4.1m).Board Change • Jul 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • May 01mF International Limited announced delayed 20-F filingOn 04/30/2024, mF International Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.이익 및 매출 성장 예측NasdaqCM:MFI - 애널리스트 향후 추정치 및 과거 재무 데이터 (HKD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202749N/AN/AN/A112/31/202640N/AN/AN/A112/31/202532N/AN/AN/A16/30/202529-28-13-7N/A3/31/202527-24-22-14N/A12/31/202426-20-30-22N/A9/30/202428-11-24-16N/A6/30/202430-1-18-10N/A3/31/2024313-71N/A12/31/2023327411N/A9/30/2023325411N/A6/30/2023324410N/A3/31/2023346612N/A12/31/2022357713N/A9/30/2022359612N/A6/30/20223511511N/A3/31/20223311512N/A12/31/20213210513N/A12/31/202035122024N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: MFI 의 예상 수익 증가율이 절약률(3.5%)보다 높은지 판단하기에는 데이터가 부족합니다.수익 vs 시장: MFI 의 수익이 US 시장보다 빠르게 성장할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.고성장 수익: MFI 의 수익이 향후 3년 동안 상당히 증가할 것으로 예상되는지 판단하기에는 데이터가 부족합니다.수익 대 시장: MFI 의 수익(연간 22.3%)이 US 시장(연간 11.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: MFI 의 수익(연간 22.3%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: MFI의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YDiversified-financials 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 11:57종가2026/05/21 00:00수익2025/06/30연간 수익2024/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스mF International Limited는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Sung-Chul KimZacks Small-Cap Research
공시 • May 01mF International Limited announced delayed 20-F filingOn 04/30/2026, mF International Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.
New Risk • Apr 21New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$19.0m market cap).
New Risk • Apr 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$20.6m market cap).
공시 • Jan 15Mf International Ltd Announces Resignation of Directors, Effective January 12, 2026mF International Ltd. announced that on January 12, 2026, Mr. Chi Weng Tam and Mr. Tai Wai Stephen Lam notified the Company of their resignation as directors, effective January 12, 2026. Mr. Tam and Mr. Lam were former executive officers, having resigned on June 2, 2025. Following the resignations of Mr. Tam and Mr. Lam, the board consists of two executive directors (the Company's current chief executive and chief financial officers) and three independent directors.
Board Change • Dec 05High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Independent Director Wei Qian is the most experienced director on the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공시 • Dec 02mF International Limited announced that it has received $500 million in fundingOn December 1, 2025, mF International Limited announced that it has received $ 500,000,000 in funding and closed the transaction.
공시 • Nov 25+ 1 more updatemF International Limited Announce Management ChangesmF International Limited announced that Mr. Haoyu Wang has resigned from his position of director, and chief compliance officer of the Company effective November 24, 2025. Mr. Dawei Yuan, an entrepreneur with extensive experience in blockchain infrastructure development and security, has been appointed by the board of directors as an executive Director and Chairman of the Board of the Company, effective November 25, 2025. This strategic appointment comes at a pivotal moment as the Company establishes its recently announced digital asset treasury strategy, positioning mF to capitalize on the transformative potential of blockchain technology and digital assets. Ms. Yang Liu, executive director and chief financial officer ("CFO") of the Company, will succeed Mr. Wang in the position of CCO. Mr. Wang has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. The Board has worked closely with Mr. Wang to ensure a smooth leadership transition that maintains business continuity and advances the Company's strategic initiatives. Mr. Dawei Yuan is a serial entrepreneur and a dedicated builder of blockchain infrastructure, with a strong technical background in fintech and digital assets. Since April 2023, he has been the Founder of Red Dot Technology Limited, the fintech company behind RedotPay, which achieved unicorn status within just two years of its launch. He has also served as a Director at Trend Up Investment (HK) Limited, a Hong Kong-based asset management firm licensed for Type 1, Type 4, and Type 9 activities, since November 2023, and led the General Management Department at Hangzhou Hengxin Ruixing Private Equity Fund Management Co. Ltd. from 2021 to 2023. In 2016, Mr. Yuan co-founded ColdLar Wallet, a secure cold wallet solution for digital assets, emphasizing his commitment to blockchain security and infrastructure development. Mr. Yuan is also a Co-founder of Huobi, acting as its Operations Director from 2013 to 2015, during which Huobi became the largest cryptocurrency exchange in China. His extensive experience in blockchain and digital finance underpins his leadership in innovative projects. He holds a Bachelor's degree in Mathematics and Computational Science from China University of Petroleum, reflecting his solid technical expertise that supports his entrepreneurial ventures and leadership in blockchain development. On November 21, 2025, the Company announced its plans to initiate a digital asset treasury strategy. Mr. Dawei Yuan's appointment as CEO and Chairman of the Board represents a significant step forward in executing this strategy. His proven track record in building blockchain infrastructure, combined with his deep understanding of digital asset security and management built up through previous leadership roles, uniquely positions him to guide mF's transformation. The Board believes that Mr. Yuan's expertise in both the technical and business aspects of digital assets will be instrumental in the successful implementation of the Company's treasury strategy, which will include investments in BCH and other digital assets as a hedge against inflation and a potential source of value creation for shareholders.
공시 • Nov 22mF International Limited announced that it expects to receive $500 million in fundingmF International Limited announced a private placement and entered into a securities purchase agreement with accredited institutional investors to issue 50,000,000 class A ordinary shares at a price of $10 for gross proceeds of $500,000,000 and pre-funded warrants for aggregate proceeds of $500,000,000 on November 21, 2025. The PIPE is expected to close on or around December 1, 2026.
Reported Earnings • Oct 06First half 2025 earnings released: HK$8.27 loss per share (vs HK$3.35 loss in 1H 2024)First half 2025 results: HK$8.27 loss per share (further deteriorated from HK$3.35 loss in 1H 2024). Revenue: HK$15.1m (up 21% from 1H 2024). Net loss: HK$13.7m (loss widened 147% from 1H 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US.
New Risk • Oct 05New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -HK$13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-HK$13m free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 84% per year over the past 5 years. Minor Risks Revenue is less than US$5m (HK$29m revenue, or US$3.7m). Market cap is less than US$100m (US$63.2m market cap).
New Risk • Jul 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 478% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 77% per year over the past 5 years. Shareholders have been substantially diluted in the past year (478% increase in shares outstanding). Minor Risk Revenue is less than US$5m (HK$26m revenue, or US$3.3m).
Buy Or Sell Opportunity • Jun 04Now 83% overvalued after recent price riseOver the last 90 days, the stock has risen 168% to US$1.93. The fair value is estimated to be US$1.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.9% over the last 3 years. Meanwhile, the company became loss making.
공시 • May 10mF International Limited, Annual General Meeting, May 30, 2025mF International Limited, Annual General Meeting, May 30, 2025, at 15:00 China Standard Time. Location: unit 1801, fortis tower, 77-79 gloucester road, wan chai, Hong Kong
Reported Earnings • Apr 25Full year 2024 earnings released: HK$1.59 loss per share (vs HK$0.57 profit in FY 2023)Full year 2024 results: HK$1.59 loss per share (down from HK$0.57 profit in FY 2023). Revenue: HK$26.1m (down 18% from FY 2023). Net loss: HK$20.2m (down 405% from profit in FY 2023).
공시 • Feb 05mF International Receives Additional 180 Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price RulemF International Limited announced that it has received an extension of 180 calendar days from The Nasdaq Stock Market LLC to regain compliance with the Nasdaq's minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the "Bid Price Requirement"), following the expiration of the initial 180 calendar days period to regain compliance on January 28, 2025. As previously announced, the Company received a written notification from Nasdaq dated August 1, 2024, indicating that because the closing bid price of the Company's ordinary shares for the previous 30 consecutive business days was below $1.00 per share, the Company was not in compliance with the Bid Price Requirement, and Nasdaq granted the Company a period of 180 calendar days, or until January 28, 2025, to regain compliance with the Bid Price Requirement. As of the date hereof, the Company has not regained compliance with the Bid Price Requirement. Pursuant to the Extension Notice, the Company is eligible for an additional 180 calendar day period, or until July 28, 2025, to regain compliance with the Bid Price Requirement. To regain compliance, the Company's Class A ordinary shares must have a closing bid price of at least $1.00 per share for a minimum of 10 consecutive business days. In the event that compliance cannot be demonstrated by July 28, 2025, the staff of Nasdaq will provide written notification that the Company's securities will be delisted. The Company intends to monitor the closing bid price of its Class A ordinary shares between now and July 28, 2025, and is considering its options to regain compliance with the Bid Price Requirement. The Company believes that the Extension Notice does not affect the Company's business operations, its U.S. Securities and Exchange Commission reporting requirements, or its contractual obligations.
Buy Or Sell Opportunity • Jan 06Now 30% undervaluedThe stock has been flat over the last 90 days, currently trading at US$0.98. The fair value is estimated to be US$1.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last year. Meanwhile, the company became loss making.
Reported Earnings • Oct 16First half 2024 earnings released: HK$0.46 loss per share (vs HK$0.19 profit in 1H 2023)First half 2024 results: HK$0.46 loss per share (down from HK$0.19 profit in 1H 2023). Revenue: HK$12.5m (down 12% from 1H 2023). Net loss: HK$5.55m (down 350% from profit in 1H 2023).
Valuation Update With 7 Day Price Move • Oct 07Investor sentiment improves as stock rises 39%After last week's 39% share price gain to US$1.07, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 21x in the Capital Markets industry in the US.
공시 • Aug 19mF International Limited, Annual General Meeting, Sep 06, 2024mF International Limited, Annual General Meeting, Sep 06, 2024, at 15:00 China Standard Time. Location: unit 1801, fortis tower, 77-79 gloucester road, wan chai, Hong Kong
공시 • Aug 07mF International Limited Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencymF International Limited announced that the Company received a written notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC on August 1, 2024, notifying the Company that it is not in compliance with the minimum bid price requirement as set under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of $1.00 per share and Nasdaq Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closing bid price of the Company’s ordinary shares for the 30 consecutive business days from June 18, 2024 to July 31, 2024, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 28, 2025, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s ordinary shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by the end of the 180 calendar day period, which is January 28, 2025, the Company may be eligible for additional time to regain compliance or may face delisting. The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid prices of its ordinary shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
New Risk • Aug 01New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.41m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue has declined by 8.5% over the past year. High level of non-cash earnings (21% accrual ratio). Market cap is less than US$10m (US$9.41m market cap). Minor Risk Revenue is less than US$5m (HK$32m revenue, or US$4.1m).
Board Change • Jul 30Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • May 01mF International Limited announced delayed 20-F filingOn 04/30/2024, mF International Limited announced that they will be unable to file their next 20-F by the deadline required by the SEC.