Miricor Enterprises Holdings
Market Cap
HK$348.0m
Last Updated
2020/02/16 13:11 UTC
Data Sources
Company Financials
Executive Summary
Miricor Enterprises Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and slightly overvalued.
Share Price & News
How has Miricor Enterprises Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1827's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.6%
1827
-2.3%
HK Consumer Services
1.7%
HK Market
1 Year Return
-57.1%
1827
-0.3%
HK Consumer Services
-2.9%
HK Market
Return vs Industry: 1827 underperformed the Hong Kong Consumer Services industry which returned -0.3% over the past year.
Return vs Market: 1827 underperformed the Hong Kong Market which returned -2.9% over the past year.
Shareholder returns
| 1827 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | -2.3% | 1.7% |
| 30 Day | -9.4% | -3.0% | -4.8% |
| 90 Day | -17.1% | 9.2% | 3.4% |
| 1 Year | -57.1%-57.1% | 1.7%-0.3% | 0.7%-2.9% |
| 3 Year | -65.7%-65.7% | -4.3%-9.2% | 15.3%3.6% |
| 5 Year | n/a | 28.3%17.7% | 15.9%-3.5% |
Price Volatility Vs. Market
How volatile is Miricor Enterprises Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do Institutions Own Miricor Enterprises Holdings Limited (HKG:1827) Shares?1 month ago | Simply Wall St
Did Changing Sentiment Drive Miricor Enterprises Holdings's (HKG:1827) Share Price Down A Painful 74%?1 month ago | Simply Wall St
We Think Miricor Enterprises Holdings's (HKG:1827) Statutory Profit Might Understate Its Earnings PotentialValuation
Is Miricor Enterprises Holdings undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 1827 (HK$0.87) is trading below our estimate of fair value (HK$6.67)
Significantly Below Fair Value: 1827 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1827 is poor value based on its PE Ratio (15.9x) compared to the Consumer Services industry average (15.8x).
PE vs Market: 1827 is poor value based on its PE Ratio (15.9x) compared to the Hong Kong market (10.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1827's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1827 is overvalued based on its PB Ratio (2.2x) compared to the HK Consumer Services industry average (2x).
Next Steps
Future Growth
How is Miricor Enterprises Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
28.6%
Forecasted Consumer Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miricor Enterprises Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Miricor Enterprises Holdings's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Miricor Enterprises Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Consumer Services industry.
Past Performance
How has Miricor Enterprises Holdings performed over the past 5 years?
18.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1827 has high quality earnings.
Growing Profit Margin: 1827's current net profit margins (12.8%) are lower than last year (17.2%).
Past Earnings Growth Analysis
Earnings Trend: 1827's earnings have grown by 18.9% per year over the past 5 years.
Accelerating Growth: 1827's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1827 had negative earnings growth (-9.3%) over the past year, making it difficult to compare to the Consumer Services industry average (15.4%).
Return on Equity
High ROE: 1827's Return on Equity (14%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Miricor Enterprises Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1827's short term assets (HK$235.7M) exceed its short term liabilities (HK$147.8M).
Long Term Liabilities: 1827's short term assets (HK$235.7M) exceed its long term liabilities (HK$43.7M).
Debt to Equity History and Analysis
Debt Level: 1827 is debt free.
Reducing Debt: 1827 has not had any debt for past 5 years.
Debt Coverage: 1827 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1827 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: 1827 has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 1827's debt is covered by short term assets.
Next Steps
Dividend
What is Miricor Enterprises Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate 1827's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 1827's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 1827's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 1827's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 1827's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Gigi Lai (47yo)
3.2yrs
Tenure
HK$2,418,000
Compensation
Ms. Lai Ka Yee, also known as Gigi, (former name: Chi Lai) has been Chairlady and Chief Executive Officer at Miricor Enterprises Holdings Ltd since December 19, 2016. Ms. Lai has been an Executive Director ...
CEO Compensation Analysis
Compensation vs Market: Gigi's total compensation ($USD311.32K) is above average for companies of similar size in the Hong Kong market ($USD225.53K).
Compensation vs Earnings: Gigi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairlady & CEO | 3.2yrs | HK$2.42m | 68.75% HK$239.3m | |
| Director of IT & Business Development | 3.6yrs | no data | no data | |
| Chief Financial Officer | 2.4yrs | no data | no data | |
| Director of Sales & Operation | 5.8yrs | no data | no data | |
| Company Secretary | 3.4yrs | no data | no data | |
| Financial Controller | 0yrs | no data | no data |
3.3yrs
Average Tenure
49yo
Average Age
Experienced Management: 1827's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairlady & CEO | 3.2yrs | HK$2.42m | 68.75% HK$239.3m | |
| Director of IT & Business Development | 3.6yrs | no data | no data | |
| Independent Non-Executive Director | 3.2yrs | HK$180.00k | no data | |
| Independent Non-Executive Director | 3.2yrs | HK$180.00k | no data | |
| Independent Non-Executive Director | 3.2yrs | HK$180.00k | no data |
3.2yrs
Average Tenure
53yo
Average Age
Experienced Board: 1827's board of directors are considered experienced (3.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Miricor Enterprises Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Miricor Enterprises Holdings Limited
- Ticker: 1827
- Exchange: SEHK
- Founded: 2009
- Industry: Specialized Consumer Services
- Sector: Consumer Services
- Market Cap: HK$348.000m
- Shares outstanding: 400.00m
- Website: https://www.miricor.com
Number of Employees
Location
- Miricor Enterprises Holdings Limited
- Leighton Centre
- Room 1605, 16th Floor
- Causeway Bay
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 1827 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jan 2017 |
Biography
Miricor Enterprises Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong. The company operates two medical aesthetic centers in Causeway Bay and Central District under the CosMax brand name. It offers a range of non-surgical medical aesthetic services, including energy-based procedures, injection procedures, and other solutions, as well as skin care products. The company was formerly known as Treshaa Enterprises Holdings Limited and changed its name to Miricor Enterprises Holdings Limited in August 2016. Miricor Enterprises Holdings Limited was founded in 2009 and is headquartered in Causeway Bay, Hong Kong.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 13:11 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.