Millennium Group International Holdings Ltd

$MGIH Market Cap: $17.1 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$134.3M

TTM

Gross Margin

22.51%

TTM

Net Earnings

-$9.049M

TTM

Current Assets

$27.77M

Q2 2024

Current Liabilities

$12.13M

Q2 2024

Current Ratio

228.82%

Q2 2024

Total Assets

$43.64M

Q2 2024

Total Liabilities

$12.59M

Q2 2024

Book Value

$31.05M

Q2 2024

Cash

$13.35M

Q2 2024

P/E

-1.890

Nov 29, 2024 EST

Free Cash Flow

$1.378M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020
Revenue	$38.53M	$45.60M	$66.23M	$64.57M	$60.41M
YoY Change	-15.5%	-31.15%	2.58%	6.88%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020
Revenue	$38.53M	$45.60M	$66.23M	$64.57M	$60.41M
Cost Of Revenue	$30.23M	$36.53M	$49.96M	$47.21M	$43.44M
Gross Profit	$8.305M	$9.064M	$16.27M	$17.35M	$16.97M
Gross Profit Margin	21.55%	19.88%	24.57%	26.88%	28.09%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020
Selling, General & Admin	$15.23M	$10.15M	$10.74M	$12.25M	$11.54M
YoY Change	50.12%	-5.48%	-12.39%	6.19%
% of Gross Profit	183.42%	111.94%	65.98%	70.61%	68.0%
Research & Development	$261.8K	$240.0K
YoY Change	9.1%
% of Gross Profit	3.15%	2.65%
Depreciation & Amortization	$1.399M	$1.702M	$1.936M	$2.135M	$2.090M
YoY Change	-17.83%	-12.07%	-9.3%	2.13%
% of Gross Profit	16.84%	18.78%	11.9%	12.3%	12.32%
Operating Expenses	$15.23M	$10.15M	$10.74M	$12.25M	$11.54M
YoY Change	50.12%	-5.48%	-12.39%	6.19%
Operating Profit	-$6.928M	-$1.082M	$5.536M	$5.100M	$5.430M
YoY Change	540.08%	-119.55%	8.54%	-6.08%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020
Interest Expense	-$958.9K	$684.4K	-$425.8K	-$444.8K	-$544.5K
YoY Change	-240.12%	-260.73%	-4.26%	-18.32%
% of Operating Profit			-7.69%	-8.72%	-10.03%
Other Income/Expense, Net	-$1.635M	$650.9K	-$135.3K	-$189.6K	$217.4K
YoY Change	-351.2%	-581.25%	-28.66%	-187.19%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020
Pretax Income	-$8.563M	-$431.4K	$4.975M	$4.466M	$5.103M
YoY Change	1884.9%	-108.67%	11.39%	-12.49%
Income Tax	$206.9K	-$77.30K	$897.2K	$800.1K	$1.104M
% Of Pretax Income			18.04%	17.92%	21.62%
Net Earnings	-$8.770M	-$354.1K	$4.077M	$3.666M	$4.000M
YoY Change	2376.64%	-108.68%	11.23%	-8.35%
Net Earnings / Revenue	-22.76%	-0.78%	6.16%	5.68%	6.62%
Basic Earnings Per Share	-$0.78	-$0.03	$0.41	$0.37
Diluted Earnings Per Share	-$0.78	-$0.03	$0.36	$0.33	$0.36

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020
Cash & Short-Term Investments	$13.47M	$27.82M	$18.90M	$20.78M	$22.43M
YoY Change	-51.57%	47.23%	-9.07%	-7.35%
Cash & Equivalents	$13.35M	$27.58M	$18.85M	$20.67M	$22.33M
Short-Term Investments	$126.4K	$240.0K	$47.06K	$114.0K	$100.3K
Other Short-Term Assets	$766.3K	$550.0K	$1.442M	$1.526M	$1.780M
YoY Change	39.33%	-61.85%	-5.53%	-14.26%
Inventory	$3.715M	$5.560M	$9.820M	$9.696M	$7.469M
Prepaid Expenses
Receivables	$9.463M	$10.31M	$18.07M	$17.62M	$14.95M
Other Receivables	$348.0K	$210.0K	$37.68K	$2.862M	$5.296M
Total Short-Term Assets	$27.77M	$44.45M	$48.26M	$52.48M	$51.92M
YoY Change	-37.53%	-7.9%	-8.03%	1.08%
Property, Plant & Equipment	$11.27M	$12.10M	$14.89M	$17.47M	$19.45M
YoY Change	-6.88%	-18.74%	-14.77%	-10.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$4.406M	$2.200M	$2.422M	$2.197M	$2.302M
YoY Change	100.28%	-9.17%	10.24%	-4.54%
Total Long-Term Assets	$15.87M	$14.59M	$17.75M	$20.22M	$21.93M
YoY Change	8.78%	-17.78%	-12.25%	-7.76%
Total Assets	$43.64M	$59.04M	$66.01M	$72.70M	$73.85M
YoY Change
Accounts Payable	$3.648M	$3.410M	$5.666M	$4.911M	$4.436M
YoY Change	6.99%	-39.81%	15.37%	10.71%
Accrued Expenses	$1.889M	$1.710M	$3.326M	$4.578M	$3.335M
YoY Change	10.45%	-48.59%	-27.35%	37.28%
Deferred Revenue
YoY Change
Short-Term Debt	$5.583M	$13.41M	$15.81M	$18.71M	$21.66M
YoY Change	-58.37%	-15.2%	-15.49%	-13.62%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$12.13M	$19.09M	$25.77M	$41.28M	$49.15M
YoY Change	-36.44%	-25.94%	-37.57%	-16.01%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$456.9K	$40.00K	$146.9K	$916.0K	$54.77K
YoY Change	1042.33%	-72.78%	-83.96%	1572.38%
Total Long-Term Liabilities	$456.9K	$40.00K	$146.9K	$916.0K	$54.77K
YoY Change	1042.33%	-72.78%	-83.96%	1572.38%
Total Liabilities	$12.59M	$19.12M	$25.92M	$42.20M	$49.21M
YoY Change	-34.15%	-26.24%	-38.57%	-14.24%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021
Basic Shares Outstanding	11.25M shares	10.30M shares	10.00M shares	10.00M shares
Diluted Shares Outstanding	11.25M shares	10.30M shares	10.00M shares	10.00M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $17.1 Million

About Millennium Group International Holdings Ltd

Millennium Group International Holdings Ltd. is a paper-based packaging solutions supplier. The company employs 498 full-time employees The company went IPO on 2023-04-04. The firm is engaged in the design and production of packaging products, corrugated products and others. In addition, the Company is engaged in the supply-chain management business.

Industry: Commercial Printing Peers: