Millennium Global Holdings (PSE:MG) - Share price, News & Analysis

MG fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

MG Stock Overview

Millennium Global Holdings, Inc. processes, imports, exports, and trades in marine and other related products in the Philippines.

Rewards

Became profitable this year

Risk Analysis

Interest payments are not well covered by earnings

Does not have a meaningful market cap (₱280M)

Volatile share price over the past 3 months

Large one-off items impacting financial results

Millennium Global Holdings Competitors

Swift Foods

PSE:SFI

₱163.7m

Alliance Select Foods International

PSE:FOOD

₱1.4b

Fruitas Holdings

PSE:FRUIT

₱2.3b

Vitarich

PSE:VITA

₱1.8b

Price History & Performance

Summary of all time highs, changes and price drops for Millennium Global Holdings
Historical stock prices
Current Share Price	₱0.11
52 Week High	₱0.30
52 Week Low	₱0.11
Beta	0.70
1 Month Change	-12.50%
3 Month Change	-23.29%
1 Year Change	-62.03%
3 Year Change	-40.43%
5 Year Change	-53.72%
Change since IPO	-97.20%

Shareholder Returns

	MG	PH Food	PH Market
7D	-10.4%	-1.7%	-1.7%
1Y	-62.0%	-27.2%	-8.6%

Return vs Industry: MG underperformed the PH Food industry which returned -27.2% over the past year.

Return vs Market: MG underperformed the PH Market which returned -8.6% over the past year.

Price Volatility

Is MG's price volatile compared to industry and market?
MG volatility
MG Average Weekly Movement	7.3%
Food Industry Average Movement	6.3%
Market Average Movement	5.3%
10% most volatile stocks in PH Market	10.1%
10% least volatile stocks in PH Market	3.1%

Stable Share Price: MG is more volatile than 75% of PH stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: MG's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of PH stocks.

About the Company

Founded	Employees	CEO	Website
1964	248	Michael Yang	https://millennium-globalholdingsinc.com

Millennium Global Holdings, Inc. processes, imports, exports, and trades in marine and other related products in the Philippines. It offers seafood products, such as black tiger shrimps, kisu (asohos) fillets, frozen lobsters, etc. The company also imports salmon, mackerel scad, scallops, shrimps, etc. for the local market, as well as supplies these products to supermarkets, groceries, food processors, hotels, and restaurants. In addition, it manufactures, processes, and deals in pasteurized canned crabmeat, frozen marine products, and other food products.

Millennium Global Holdings Fundamentals Summary

How do Millennium Global Holdings's earnings and revenue compare to its market cap?
MG fundamental statistics
Market Cap	₱280.00m
Earnings (TTM)	₱503.35k
Revenue (TTM)	₱898.26m

560.0x

P/E Ratio

0.3x

P/S Ratio

Is MG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
MG income statement (TTM)
Revenue	₱898.26m
Cost of Revenue	₱831.79m
Gross Profit	₱66.47m
Other Expenses	₱65.97m
Earnings	₱503.35k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.0002
Gross Margin	7.40%
Net Profit Margin	0.056%
Debt/Equity Ratio	293.4%

How did MG perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is MG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MG?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for MG. This is calculated by dividing MG's market cap by their current preferred multiple.
What is MG's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₱280.00m

MG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.6x
Enterprise Value/EBITDA	15.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does MG's PS Ratio compare to its peers?

MG PS Ratio vs Peers

The above table shows the PS ratio for MG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PS	Estimated Growth	Market Cap
Peer Average	2.4x
SFI Swift Foods	6.6x	n/a	₱163.7m
FOOD Alliance Select Foods International	0.6x	n/a	₱1.4b
FRUIT Fruitas Holdings	2x	n/a	₱2.3b
VITA Vitarich	0.2x	n/a	₱1.8b
MG Millennium Global Holdings	0.3x	n/a	₱280.0m

Forward PS

Price-To-Sales vs Peers: MG is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (2.4x).

Price to Earnings Ratio vs Industry

How does MG's PE Ratio compare vs other companies in the Asian Food Industry?

Price-To-Sales vs Industry: MG is good value based on its Price-To-Sales Ratio (0.3x) compared to the PH Food industry average (1.3x)

Price to Sales Ratio vs Fair Ratio

What is MG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MG's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of MG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MG's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MG's fair value for valuation analysis.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MG's PEG Ratio to determine if it is good value.

Discover undervalued companies

Future Growth

How is Millennium Global Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.3%

Forecasted Food, Beverage & Tobacco 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 Millennium Global 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.

Discover growth companies

Take a look at our analysis of MG’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Millennium Global Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-39.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MG has a large one-off loss of ₱1.6M impacting its March 31 2022 financial results.

Growing Profit Margin: MG became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: MG has become profitable over the past 5 years, growing earnings by -39.6% per year.

Accelerating Growth: MG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Food industry (19.3%).

Return on Equity

High ROE: MG's Return on Equity (0.09%) is considered low.

Discover strong past performing companies

Financial Health

How is Millennium Global Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: MG's short term assets (₱1.6B) exceed its short term liabilities (₱1.2B).

Long Term Liabilities: MG's short term assets (₱1.6B) exceed its long term liabilities (₱336.7M).

Debt to Equity History and Analysis

Debt Level: MG's net debt to equity ratio (226%) is considered high.

Reducing Debt: MG's debt to equity ratio has increased from 292.9% to 293.4% over the past 5 years.

Debt Coverage: MG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: MG's interest payments on its debt are not well covered by EBIT (0.9x coverage).

Balance Sheet

Discover healthy companies

Dividend

What is Millennium Global Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MG's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as MG has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

15.1yrs

Average management tenure

CEO

Michael Yang (52 yo)

no data

Tenure

Mr. Chi Jen Yang, also known as Michael, serves as the Chairman, Chief Executive Officer and President at Millennium Global Holdings, Inc. and has been its Executive Director since October 22, 2012. Mr. Ya...

Leadership Team

Experienced Management: MG's management team is seasoned and experienced (15.1 years average tenure).

Board Members

Experienced Board: MG's board of directors are considered experienced (9.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/27 00:00
End of Day Share Price	2022/06/27 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31