Magic Empire Global Limited - MEGL

MEGL Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
MEGL	2.1	-12.3	30.9	23.7	18.2	-29.7	-99.4	-99.4	-99.4	-99.4
S&P 500	1.0	3.7	2.1	2.3	8.2	25.4	31.0	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	MEGL
name	Magic Empire Global Limited
price	0.619
changes percentage	2.0947
change	0.0127
day low	0.5789
day high	0.66
year high	1.38
year low	0.407
market cap	12538526
price avg 50	0.54292
price avg 200	0.551425
exchange	NASDAQ
volume	195230
avg volume	1676224
open	0.59
previous close	0.6063
eps	-0.03
pe	-20.63
earnings announcement	2024-04-01T04:00:00.000+0000
shares outstanding	20256100
timestamp	2025-01-17 21:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 50.0%

Overall Quarterly Financial Health: 39.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001881472
revenue	13792030	10966250	25.77
gross profit	4076045	1595629	155.45
gross profit ratio	0.3	0.15	103.11
research and development expenses	0	0	NaN
operating expenses	6888843	15484930	-55.51
interest income	4258450	1058222	302.42
interest expense	139296	232002	-39.96
ebitda	1760744	-1270479	238.59
ebitdaratio	0.13	0.12	9.87
operating income	-2812798	-4734680	40.59
operating income ratio	-0.2	-0.43	52.76
net income	-483812	-3842278	87.41
net income ratio	-0.04	-0.35	89.99
eps	-0.02	-0.23	89.61

Overall Score of Annual Income Statement

0.71 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 14 million in 2023 from 11 million in 2022 representing a change of 25.77%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 4 million in 2023 from 2 million in 2022 representing a change of 155.45%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 2 million in 2023 from -1 million in 2022 representing a change of 238.59%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Net Income: Net income increased to 0 million in 2023 from -4 million in 2022 representing a change of 87.41%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.02 in 2023 from -0.02 in 2022 representing a change of 89.61%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 7 million in 2023 from 15 million in 2022 representing a change of -55.51%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Operating Income: Operating income decreased to -3 million in 2023 from -5 million in 2022 representing a change of 40.59%. The decrease in operating income indicates worse operational performance and decreased profitability.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0001881472
revenue	7710600	6081430	26.79
gross profit	7710600	6081430	26.79
gross profit ratio	1	1	0.00
research and development expenses	0	0	NaN
operating expenses	9374603	7311752	28.21
interest income	2300941	1957509	17.54
interest expense	0	0	NaN
ebitda	453004	-1148795	139.43
ebitdaratio	0.06	0.31	-80.95
operating income	-1664003	-1148795	-44.85
operating income ratio	-0.22	-0.19	-14.24
net income	-1210999	727187	-266.53
net income ratio	-0.16	0.12	-231.35
eps	-0.06	0.04	-266.57

Overall Score of Quarterly Income Statement

0.57 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 8 million in 2023Q4 from 6 million in 2023Q2 representing a change of 26.79%. This indicates a sales growth, which is a positive sign for the company.

  Gross Profit: Gross Profit increased to 8 million in 2023Q4 from 6 million in 2023Q2 representing a change of 26.79%. This indicates a sales profitability growth, which is a positive sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to 0 million in 2023Q4 from -1 million in 2023Q2 representing a change of 139.43%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -2 million in 2023Q4 from -1 million in 2023Q2 representing a change of -44.85%. The increase in operating income indicates better operational performance and increased profitability.

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 9 million in 2023Q4 from 7 million in 2023Q2 representing a change of 28.21%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

  Net Income: Net income decreased to -1 million in 2023Q4 from 1 million in 2023Q2 representing a change of -266.53%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to -0.06 in 2023Q4 from -0.06 in 2023Q2 representing a change of -266.57%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001881472
total assets	138257174	144106828	-4.06
total liabilities	3989317	1068185	273.47
total equity	134267857	136333569	-1.52
cash and cash equivalents	92407813	121814233	-24.14
short term investments	0	0	NaN
long term investments	0	14500000	-100.00
total current assets	92407813	121814233	-24.14
total non current assets	42001126	3553677	1081.91
total current liabilities	3989317	1068185	273.47
total non current liabilities	3989317	1746317	128.44
common stock	15826	15826	0.00
retained earnings	-4410827	-2345115	-88.09
total debt	1746317	3651042	-52.17

Overall Score of Annual Balance Sheet

0.12 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 138 million in 2023 from 144 million in 2022 representing a change of -4.06%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 4 million in 2023 from 1 million in 2022 representing a change of 273.47%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 134 million in 2023 from 136 million in 2022 representing a change of -1.52%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 92 million in 2023 from 122 million in 2022 representing a change of -24.14%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 92 million in 2023 from 122 million in 2022 representing a change of -24.14%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 4 million in 2023 from 1 million in 2022 representing a change of 273.47%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -4 million in 2023 from -2 million in 2022 representing a change of -88.09%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Debt: Total Debt decreased to 2 million in 2023 from 4 million in 2022 representing a change of -52.17%. This indicates a reduction in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0001881472
total assets	138257174	142497940	-2.98
total liabilities	3989317	109794	3533.46
total equity	134267857	137060756	-2.04
cash and cash equivalents	92407813	94348363	-2.06
short term investments	0	0	NaN
long term investments	0	40610739	-100.00
total current assets	92407813	94348363	-2.06
total non current assets	42001126	2975933	1311.36
total current liabilities	3989317	109794	3533.46
total non current liabilities	3989317	757716	426.49
common stock	15826	15826	0.00
retained earnings	-4410827	-1617928	-172.62
total debt	1746317	2710558	-35.57

Overall Score of Quarterly Balance Sheet

0.12 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 138 million in 2023Q4 from 142 million in 2023Q2 representing a change of -2.98%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 4 million in 2023Q4 from 0 million in 2023Q2 representing a change of 3533.46%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to 134 million in 2023Q4 from 137 million in 2023Q2 representing a change of -2.04%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 92 million in 2023Q4 from 94 million in 2023Q2 representing a change of -2.06%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 92 million in 2023Q4 from 94 million in 2023Q2 representing a change of -2.06%. This indicates a worsen liquidity position.

  Total Current Liabilities: Total Current Liabilities increased to 4 million in 2023Q4 from 0 million in 2023Q2 representing a change of 3533.46%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -4 million in 2023Q4 from -2 million in 2023Q2 representing a change of -172.62%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Debt: Total Debt decreased to 2 million in 2023Q4 from 3 million in 2023Q2 representing a change of -35.57%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0001881472
net change in cash	-29406420	110127395	-126.70
operating cash flow	94490	-910364	110.38
free cash flow	-1810482	-910364	-98.87
capital expenditure	-1904972	0	NaN
depreciation and amortization	2105260	1957977	7.52
deferred income tax	0	391820	-100.00
stock based compensation	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-1904972	0	NaN
net cash used for investing activites	-27919010	-14596700	-91.27
debt repayment	0	0	NaN
common stock issued	0	140537759	-100.00
common stock repurchased	0	0	NaN
dividends paid	-1581900	-4000000	60.45
net cash used provided by financing activities	-1581900	125634459	-101.26
cash at end of period	92407813	121814233	-24.14
accounts receivables	339538	3192306	-89.36
cash at beginning of period	121814233	11686838	942.32

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to -29 million in 2023 from 110 million in 2022 representing a change of -126.7%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Free Cash Flow: Free Cash Flow decreased to -2 million in 2023 from -1 million in 2022 representing a change of -98.87%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Operating Cash Flow: Operating Cash Flow increased to 0 million in 2023 from -1 million in 2022 representing a change of 110.38%. This indicates that the company generated more cash from its core business operations.

  Capital Expenditure: Capital Expenditure decreased to -2 million in 2023 from 0 million in 2022 representing a change of nan%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2023 from 3 million in 2022 representing a change of -89.36%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

  Dividends Paid: Dividends Paid increased to -2 million in 2023 from -4 million in 2022 representing a change of 60.45%. This indicates a stronger financial position, more confidence in future prospects, and a better commitment to returning value to shareholders.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023Q4	2023Q2	Q/Q change %
0001881472
operating cash flow	0	0	NaN
free cash flow	0	0	NaN
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	0	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	0	0	NaN
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	0	0	NaN
net change in cash	0	0	NaN
cash at end of period	0	0	NaN
cash at beginning of period	0	0	NaN

Overall Score of Quarterly Cashflow Statement

0.5 out of 1

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.68	0.66	3.72
net income per share	-0.02	-0.23	89.62
operating cash flow per share	0.0	-0.05	108.56
free cash flow per share	-0.09	-0.05	-64.01
cash per share	4.56	7.29	-37.44
book value per share	6.63	8.56	-22.59
tangible book value per share	6.63	8.56	-22.59
shareholders equity per share	6.63	8.16	-18.78
interest debt per share	0.09	0.23	-59.95
market cap	186634258.59	168286333.49	10.90
enterprise value	95972762.59	50123142.49	91.47
pe ratio	-385.76	-43.8	-780.75
price to sales ratio	13.53	15.35	-11.82
pocfratio	1975.17	-184.86	1168.49
pfcf ratio	-103.09	-184.86	44.23
pb ratio	1.39	1.23	12.61
ptb ratio	1.39	1.23	12.61
ev to sales	6.96	4.57	52.24
enterprise value over ebitda	54.51	-39.45	238.16
ev to operating cash flow	1015.69	-55.06	1944.76
ev to free cash flow	-53.01	-55.06	3.72
earnings yield	-0.0	-0.02	88.65
free cash flow yield	-0.01	-0.01	-79.32
debt to equity	0.01	0.03	-51.43
debt to assets	0.01	0.03	-50.15
net debt to ebitda	-51.49	93.01	-155.36
current ratio	23.16	114.04	-79.69
interest coverage	-20.19	-20.41	1.05
income quality	-0.2	0.24	-182.43
dividend yield	0.01	0.02	-64.34
payout ratio	-3.27	-1.04	-214.07
sales general and administrative to revenue	0.35	0.27	27.24
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	20.16	0	NaN
capex to revenue	0.14	0	NaN
capex to depreciation	0.9	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	1.89	6.5	-70.96
roic	-0.02	-0.04	48.91
return on tangible assets	-0.0	-0.03	86.88
graham net net	4.36	7.08	-38.35
working capital	88418496	120746048	-26.77
tangible asset value	134267857	143038643	-6.13
net current asset value	88418496	120746048	-26.77
invested capital	91771884	124299725	-26.17
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	-2461726	-2461726	0.00
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	-191.78	100.00
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	-1.9	100.00
roe	-0.0	-0.03	87.21
capex per share	0.09	0	NaN

• Negative

  ROE: Return on Equity (ROE) increased to -0.00 on 2023-12-31 from -0.03 on 2022-12-31, representing a change of 87.21%. However, ROE is <= 5%, suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -385.76 on 2023-12-31 from -43.80 on 2022-12-31, representing a change of -780.75%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 23.16 on 2023-12-31 from 114.04 on 2022-12-31, representing a change of -79.69%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2023-12-31 from 0.03 on 2022-12-31, representing a change of -51.43%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2023-12-31 Q4	2023-06-30 Q2	Q/Q change %
MEGL
calendar year	2023	2023	NaN
revenue per share	0.38	0.3	26.79
net income per share	-0.06	0.04	-266.53
operating cash flow per share	0	0	NaN
free cash flow per share	0	0	NaN
cash per share	4.56	4.66	-2.06
book value per share	6.63	7.03	-5.70
tangible book value per share	6.63	7.03	-5.70
shareholders equity per share	6.63	6.77	-2.04
interest debt per share	0.09	0.13	-35.57
market cap	186629642.65	274603416.89	-32.04
enterprise value	95968146.65	182965611.89	-47.55
pe ratio	-38.53	94.41	-140.81
price to sales ratio	24.2	45.15	-46.40
pocfratio	0	0	NaN
pfcf ratio	0	0	NaN
pb ratio	1.39	2.0	-30.62
ptb ratio	1.39	2.0	-30.62
ev to sales	12.45	30.09	-58.63
enterprise value over ebitda	211.85	-159.27	233.01
ev to operating cash flow	0	0	NaN
ev to free cash flow	0	0	NaN
earnings yield	-0.01	0.0	-345.03
free cash flow yield	0	0	NaN
debt to equity	0.01	0.02	-34.23
debt to assets	0.01	0.02	-33.60
net debt to ebitda	-200.13	79.77	-350.89
current ratio	23.16	859.32	-97.30
interest coverage	0	0	NaN
income quality	0	0	NaN
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.32	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	2.99	2.34	27.73
roic	-0.01	0.02	-168.80
return on tangible assets	-0.01	0.01	-271.64
graham net net	4.37	4.65	-6.17
working capital	88418496	94238569	-6.18
tangible asset value	134267857	142388146	-5.70
net current asset value	88418496	94238569	-6.18
invested capital	91771884	97214502	-5.60
average receivables	0	0	NaN
average payables	0	0	NaN
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	-0.01	0.01	-270.00
capex per share	0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to -0.01 on 2023-12-31 Q4 from 0.01 on 2023-06-30 Q2, representing a change of -270.00%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -38.53 on 2023-12-31 Q4 from 94.41 on 2023-06-30 Q2, representing a change of -140.81%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 23.16 on 2023-12-31 Q4 from 859.32 on 2023-06-30 Q2, representing a change of -97.30%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Since it's above 3, indicating poor management of working capital.

• Positive

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to 0.01 on 2023-12-31 Q4 from 0.02 on 2023-06-30 Q2, representing a change of -34.23%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. A ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is 0.57 which is lower than current price 0.62, indicates the company may be overvalued.