Ming Shing Group Holdings Limited
MSW · Price history
Company & revenue
About Ming Shing Group Holdings Limited
Primary reporting period: 2025-03-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Ming Shing Group Holdings Limited, an entity established in 2022, operates via its various subsidiaries to deliver specialized wet trade construction services. Based in San Po Kong, Hong Kong, the company's offerings within the region include crucial building finishes such as plastering, tile installation, bricklaying, floor screeding, and detailed marble work. Its clientele spans both governmental and private sector projects.
How they make money
Ming Shing Group Holdings Limited operates as a holding company that provides wet trades works services in Hong Kong through its wholly-owned subsidiaries. The company generates revenue by entering into construction contracts for services including plastering, tile laying, brick laying, floor screeding, and marble works, typically billing customers based on the progress of work completed.
Products & services
Wet trades works services including plastering, tile laying, brick laying, floor screeding, and marble works for construction projects.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Construction material suppliers — The company sources various construction materials such as cement, tiles, and marble from third-party suppliers; specific supplier names are not disclosed.Source
Strengths
- Established track record in Hong Kong wet trades marketSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
29
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
53
Fair
Financial Strength
23
Business Quality / Moat
100
Management
33
Growth Quality
78
Risk / Durability
29
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
No strong positive signal is being highlighted from the currently available summary data.
- •Elevated debt risk
- •M&A headline · Sep 2, 2026
- •Valuation is a weaker part of the current profile
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for MSW
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can MSW maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •How long can MSW fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is MSW's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for MSW to reach sustainable profitability?
- •What future growth or profitability would be needed to justify MSW's current valuation?
Essential Investment Snapshot
Wall Street Score
29
Market Cap
$16.2M
P/E Ratio
-2.6
EPS
$-0.48
52-Week High
$5.60
52-Week Low
$0.60
Beta
5.42
Shares Outstanding
11.8M
Total Revenue
$33.9M
Total Debt
$7.4M
Dividend
No current dividend
Liquidation Value / Share
$-0.22
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Notices for MSW
Detected from reported data — verify before acting.Elevated debt risk
Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
M&A headline · Sep 2, 2026
Ming Shing Group Holdings Limited Announces Closing of the Acquisition of Meals Through Seasons Limited and Issuance of Consideration Shares and Unsecured Convertible Promissory Notes — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
GlobeNewsWireCommunity Sentiment
0 active · 0 total callsNo personal call yet on MSW.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Established track record in Hong Kong wet trades market.
Potential downside factors
- −Debt risk (elevated): Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
- −Dependence on the construction industry in Hong Kong.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
29
Oct 1, 2026
Change
Unchanged
Current Score
29
Oct 5, 2026
Category Changes
MSW score was unchanged.
Projected Score
Projected Score
20
Projected Change
-8.4 points
Preliminary comparable-period financial changes suggest decline of approximately 8.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.25
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | — | $33.9M | $27.6M | $21.9M | ···· | ···· |
| Cost of Revenue | — | $35.2M | $22.5M | $18.4M | ···· | ···· |
| Gross Profit | — | -$1.3M | $5.1M | $3.5M | ···· | ···· |
| Research & Development | — | $0.00 | $0.00 | $0.00 | ···· | ···· |
| SG&A Expenses | — | $1.1M | $1.2M | $761K | ···· | ···· |
| Operating Expenses | — | $4.0M | $1.8M | $856K | ···· | ···· |
| EBITDA | — | -$5.2M | $3.4M | $3.5M | ···· | ···· |
| Operating Income | — | -$5.4M | $3.2M | $2.6M | ···· | ···· |
| Interest Expense | — | $509K | $286K | $180K | ···· | ···· |
| Income Before Tax | — | -$5.8M | $3.0M | $3.3M | ···· | ···· |
| Income Tax Expense | — | -$80K | $649K | $469K | ···· | ···· |
| Net Income | — | -$5.7M | $2.3M | $2.8M | ···· | ···· |
| Basic EPS | — | $-0.48 | $0.16 | $0.22 | ···· | ···· |
| Basic Shares | 12.97M | 11.85M | 15.00M | 15.00M | ···· | ···· |
| Diluted Shares | 12.97M | 11.85M | 15.00M | 15.00M | ···· | ···· |
Earnings Summary
Revenue
$33.9M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.48
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+10.1%
Cash Change
-76.9%
Margin Change
-25.4 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth. Pressure indicators included EPS growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 22.8%. EPS declined 400.0%. Cash declined 76.9%. Total debt increased 10.1%. Net income margin declined by 25.4 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Engineering & ConstructionNews
Chamberlain University Names Jason Dunne Chief Academic Officer
Ming Shing Group Holdings Limited Announces Closing of the Acquisition of Meals Through Seasons Limited and Issuance of Consideration Shares and Unsecured Convertible Promissory Notes
/CORRECTION - Ming Shing Group Holdings Limited/
Ming Shing Group Holdings Limited Announces Receipt of Nasdaq Notice Regarding Minimum Stockholders' Equity Requirement
Rumor Mill · MSW
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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