mF International Limited (MFI) AI Stock Analysis

Headquartered in Wan Chai, Hong Kong, mF International Limited is a holding company specializing in the research, development, and sale of financial trading solutions across Hong Kong, mainland China, and Southeast Asia. Established in 2002 and a subsidiary of Gaderway Investments Limited, the company provides Internet-based trading platforms and platform-as-a-service solutions. Offerings include real-time forex and bullion/commodities trading platforms, the mF4 trading platform, customer relationship management systems, electronic communication network systems, and liquidity solutions. Catering to brokers, investment banks, and institutional clients, it also delivers mobile applications, cross-platform Broker+ solutions, social trading tools, and algorithmic trading research.

Revenue fell from $32.2M in FY2021 and $34.9M in FY2022 to $32.0M in FY2023 and $26.1M in FY2024, before increasing 29.7% to $33.8M in FY2025. Over the five years from FY2020 to FY2025, revenue posted a CAGR of -0.8%. Gross margin compressed from 49.5% in FY2021 to 29.6% in FY2025. Operating margin declined from 32.7% in FY2021 to -74.3% in FY2024 and -101.6% in FY2025. Net income was $78.7M in FY2025, up from net income of -$20.2M in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue fell 20.4% year-over-year, while quarterly earnings grew 117.9%. Operating margin for the trailing twelve months was -217.0% on revenue of $30.8M.

As of June 30, 2026, mF International held $386.0M in cash and short-term investments and $3.3M in total debt, resulting in net cash of $382.7M. The current ratio stood at 254.01, and the debt-to-equity ratio was 0.00 alongside $1.88B in shareholders' equity. Operating cash flow in FY2025 was -$15.9M, and free cash flow was -$18.3M. In FY2025, capital expenditures were $2.5M. Additionally, the company recorded a share count change of 3365.0% over 5 years.

MFI trades at a trailing price-to-earnings multiple of 3.7x, compared to the median of its US-listed Technology peers of 28.1x. Its forward P/E ratio is 238.1x, higher than the peer median of 18.8x. The company's price-to-sales multiple is 12.8x, compared to the peer median of 2.8x, and its EV-to-EBITDA multiple is 25.6x versus the peer median of 16.6x. Over the past year, MFI stock declined 75.8%, underperforming the S&P 500 (SPY) return of 16.8%. The stock traded at $7.84 as of October 16, 2026, which is 27.5% below its 200-day average.

Analyst coverage includes 1 analyst for the next fiscal year with a mean price target of $14.00, representing 78.6% upside above the October 16, 2026 closing price of $7.84. For the current fiscal year ending December 31, 2026, estimates project an EPS of -$0.07, representing EPS growth of 88.5%, and revenue of $42.3M. For the next fiscal year, estimated EPS is -$0.24 on projected revenue growth of 25.0%. Over the last 4 quarters, the company recorded 0 EPS beats.

This page is an AI-written research summary of mF International Limited (MFI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MFI income statement, MFI balance sheet, MFI key metrics, MFI analyst forecast, MFI chart. See the MFI stock overview for the latest quote and news.