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MING SHING GROUP HOLDINGS LT (MSW) Stock Fundamental Analysis

NASDAQ:MSW - Nasdaq - KYG614401068 - Common Stock - Currency: USD

3  +0.04 (+1.2%)

Fundamental Rating

4

Overall MSW gets a fundamental rating of 4 out of 10. We evaluated MSW against 49 industry peers in the Construction & Engineering industry. MSW has an average financial health and profitability rating. MSW has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year MSW was profitable.
MSW had a positive operating cash flow in the past year.
MSW Yearly Net Income VS EBIT VS OCF VS FCFMSW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 2024 0 1M 2M 3M

1.2 Ratios

Looking at the Return On Assets, with a value of 19.57%, MSW belongs to the top of the industry, outperforming 97.96% of the companies in the same industry.
MSW has a better Return On Equity (233.06%) than 100.00% of its industry peers.
MSW has a better Return On Invested Capital (64.10%) than 97.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MSW is significantly above the industry average of 16.67%.
The last Return On Invested Capital (64.10%) for MSW is well below the 3 year average (90.90%), which needs to be investigated, but indicates that MSW had better years and this may not be a problem.
Industry RankSector Rank
ROA 19.57%
ROE 233.06%
ROIC 64.1%
ROA(3y)28.48%
ROA(5y)N/A
ROE(3y)696.52%
ROE(5y)N/A
ROIC(3y)90.9%
ROIC(5y)N/A
MSW Yearly ROA, ROE, ROICMSW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2022 2023 2024 200 400 600 800 1K

1.3 Margins

The Profit Margin of MSW (8.44%) is better than 83.67% of its industry peers.
MSW has a Operating Margin of 11.77%. This is amongst the best in the industry. MSW outperforms 85.71% of its industry peers.
With a Gross Margin value of 18.47%, MSW perfoms like the industry average, outperforming 51.02% of the companies in the same industry.
Industry RankSector Rank
OM 11.77%
PM (TTM) 8.44%
GM 18.47%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MSW Yearly Profit, Operating, Gross MarginsMSW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 5 10 15

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MSW is creating value.
Compared to 1 year ago, MSW has about the same amount of shares outstanding.
Compared to 1 year ago, MSW has an improved debt to assets ratio.
MSW Yearly Shares OutstandingMSW Yearly Shares OutstandingYearly Shares Outstanding 2022 2023 2024 2M 4M 6M 8M 10M
MSW Yearly Total Debt VS Total AssetsMSW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2022 2023 2024 2M 4M 6M 8M 10M

2.2 Solvency

An Altman-Z score of 5.59 indicates that MSW is not in any danger for bankruptcy at the moment.
MSW has a better Altman-Z score (5.59) than 79.59% of its industry peers.
MSW has a debt to FCF ratio of 5.37. This is a neutral value as MSW would need 5.37 years to pay back of all of its debts.
The Debt to FCF ratio of MSW (5.37) is comparable to the rest of the industry.
MSW has a Debt/Equity ratio of 3.15. This is a high value indicating a heavy dependency on external financing.
MSW has a worse Debt to Equity ratio (3.15) than 77.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.15
Debt/FCF 5.37
Altman-Z 5.59
ROIC/WACC6.19
WACC10.36%
MSW Yearly LT Debt VS Equity VS FCFMSW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2022 2023 2024 0 1M 2M 3M

2.3 Liquidity

A Current Ratio of 1.14 indicates that MSW should not have too much problems paying its short term obligations.
MSW has a Current ratio of 1.14. This is in the lower half of the industry: MSW underperforms 65.31% of its industry peers.
MSW has a Quick Ratio of 1.14. This is a normal value and indicates that MSW is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MSW (1.14) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 1.14
MSW Yearly Current Assets VS Current LiabilitesMSW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2022 2023 2024 2M 4M 6M 8M

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1

3. Growth

3.1 Past

MSW shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.51%.
Looking at the last year, MSW shows a very strong growth in Revenue. The Revenue has grown by 26.09%.
EPS 1Y (TTM)-16.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16.51%
Revenue 1Y (TTM)26.09%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%26.09%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MSW Yearly Revenue VS EstimatesMSW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 5M 10M 15M 20M 25M

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3

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 16.67, which indicates a correct valuation of MSW.
93.88% of the companies in the same industry are more expensive than MSW, based on the Price/Earnings ratio.
MSW is valuated rather cheaply when we compare the Price/Earnings ratio to 27.53, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.67
Fwd PE N/A
MSW Price Earnings VS Forward Price EarningsMSW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MSW is valued a bit cheaper than 77.55% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSW is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 29.7
EV/EBITDA 13.38
MSW Per share dataMSW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0.5 1 1.5 2

4.3 Compensation for Growth

MSW has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for MSW!.
Industry RankSector Rank
Dividend Yield N/A

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MING SHING GROUP HOLDINGS LT

NASDAQ:MSW (7/22/2025, 8:00:01 PM)

3

+0.04 (+1.2%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryConstruction & Engineering
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst Owners0.48%
Inst Owner ChangeN/A
Ins Owners82.85%
Ins Owner Change0%
Market Cap38.91M
AnalystsN/A
Price TargetN/A
Short Float %1.97%
Short Ratio0.27
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 16.67
Fwd PE N/A
P/S 1.41
P/FCF 29.7
P/OCF 15.84
P/B 38.98
P/tB 38.98
EV/EBITDA 13.38
EPS(TTM)0.18
EY6%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.1
FCFY3.37%
OCF(TTM)0.19
OCFY6.32%
SpS2.13
BVpS0.08
TBVpS0.08
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 19.57%
ROE 233.06%
ROCE 78.27%
ROIC 64.1%
ROICexc 86.69%
ROICexgc 86.69%
OM 11.77%
PM (TTM) 8.44%
GM 18.47%
FCFM 4.75%
ROA(3y)28.48%
ROA(5y)N/A
ROE(3y)696.52%
ROE(5y)N/A
ROIC(3y)90.9%
ROIC(5y)N/A
ROICexc(3y)110.08%
ROICexc(5y)N/A
ROICexgc(3y)110.08%
ROICexgc(5y)N/A
ROCE(3y)111%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover2.32
Health
Industry RankSector Rank
Debt/Equity 3.15
Debt/FCF 5.37
Debt/EBITDA 0.94
Cap/Depr 1085.43%
Cap/Sales 4.16%
Interest Coverage 11.35
Cash Conversion 73.31%
Profit Quality 56.3%
Current Ratio 1.14
Quick Ratio 1.14
Altman-Z 5.59
F-Score5
WACC10.36%
ROIC/WACC6.19
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-16.51%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)26.09%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%26.09%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y23.01%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y67.94%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y208.97%
OCF growth 3YN/A
OCF growth 5YN/A