SEHK:1827

Stock Analysis Report

Miricor Enterprises Holdings

Executive Summary

Miricor Enterprises Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong.

Snowflake

Fundamentals

Flawless balance sheet with concerning outlook.

Risks

  • Miricor Enterprises Holdings is not covered by any analysts.

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


Market Performance


7 Day Return

-3.6%

SEHK:1827

2.9%

HK Consumer Services

0.8%

HK Market


1 Year Return

-29.3%

SEHK:1827

-29.2%

HK Consumer Services

-4.4%

HK Market

1827 matched the Consumer Services industry (-29.2%) over the past year.

1827 underperformed the Market in Hong Kong which returned -4.4% over the past year.


Share holder returns

1827IndustryMarket
7 Day-3.6%2.9%0.8%
30 Day-14.0%6.0%1.5%
90 Day-6.9%-8.7%-7.4%
1 Year-29.3%-29.3%-27.8%-29.2%-1.0%-4.4%
3 Yearn/a6.7%1.1%30.8%17.7%
5 Yearn/a8.6%-0.5%22.0%1.6%

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

Valuation

Is Miricor Enterprises Holdings undervalued based on future cash flows and its price relative to the stock market?

24.77x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Miricor Enterprises Holdings's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Miricor Enterprises Holdings's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Miricor Enterprises Holdings is overvalued based on earnings compared to the HK Consumer Services industry average.

Miricor Enterprises Holdings is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Miricor Enterprises Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

Miricor Enterprises Holdings is overvalued based on assets compared to the HK Consumer Services industry average.


Next Steps

Future Growth

How is Miricor Enterprises Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Miricor Enterprises Holdings is high growth as no revenue estimate data is available.

Miricor Enterprises Holdings's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

Unable to compare Miricor Enterprises Holdings's revenue growth to the Hong Kong market average as no estimate data is available.

Miricor Enterprises Holdings's earnings growth is positive but not above the Hong Kong market average.

Miricor Enterprises Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Miricor Enterprises Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Miricor Enterprises Holdings performed over the past 5 years?

20.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Miricor Enterprises Holdings has delivered over 20% year on year earnings growth in the past 5 years.

Miricor Enterprises Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Miricor Enterprises Holdings's 1-year earnings growth is negative, it can't be compared to the HK Consumer Services industry average.


Return on Equity

Miricor Enterprises Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Miricor Enterprises Holdings used its assets less efficiently than the HK Consumer Services industry average last year based on Return on Assets.


Return on Capital Employed

Miricor Enterprises Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Miricor Enterprises Holdings's financial position?


Financial Position Analysis

Miricor Enterprises Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Miricor Enterprises Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Miricor Enterprises Holdings has no debt.

Miricor Enterprises Holdings has not taken on any debt in the past 5 years.

Miricor Enterprises Holdings has no debt, it does not need to be covered by operating cash flow.

Miricor Enterprises Holdings has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Miricor Enterprises Holdings has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Miricor Enterprises Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Miricor Enterprises Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Miricor Enterprises Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Miricor Enterprises Holdings has not reported any payouts.

Unable to verify if Miricor Enterprises Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Miricor Enterprises Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Miricor Enterprises Holdings's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Gigi Lai (47yo)

2.6yrs

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

Gigi's remuneration is higher than average for companies of similar size in Hong Kong.

Gigi's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.7yrs

Average Tenure

49yo

Average Age

The tenure for the Miricor Enterprises Holdings management team is about average.


Board Age and Tenure

2.6yrs

Average Tenure

53yo

Average Age

The average tenure for the Miricor Enterprises Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month individual insider trading information.


Ownership Breakdown


Management Team

  • Tai On Lo (65yo)

    Company Secretary

    • Tenure: 2.8yrs
  • Jennifer Shum (51yo)

    Chief Financial Officer

    • Tenure: 1.8yrs
  • Gigi Lai (47yo)

    Chairlady & CEO

    • Tenure: 2.6yrs
    • Compensation: HK$2.42m
  • Barry Ma (53yo)

    Director of IT & Business Development

  • Jullie Lam (44yo)

    Director of Sales & Operation

    • Tenure: 5.3yrs
  • Chui Ying Tsang (35yo)

    Financial Controller


Board Members

  • Erik Cheng (58yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$180.00k
  • Andy Li (47yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$180.00k
  • David Cheng (70yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$180.00k
  • Gigi Lai (47yo)

    Chairlady & CEO

    • Tenure: 2.6yrs
    • Compensation: HK$2.42m
  • Barry Ma (53yo)

    Director of IT & Business Development

    • Tenure: 3.0yrs

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$540.000m
  • Shares outstanding: 400.00m
  • Website: Click here

Number of Employees


Location

  • Miricor Enterprises Holdings Limited
  • Leighton Centre
  • Room 1605, 16th Floor
  • Causeway Bay
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
1827SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 2017

Biography

Miricor Enterprises Holdings Limited, an investment holding company, provides medical aesthetic services in Hong Kong. It operates three medical aesthetic centers in Causeway Bay and Central District under ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/20 13:03
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.