Megan Holdings Limited (MGN) AI Stock Analysis
MGN AI stock analysis summary
AI ResearchMegan Holdings Limited (MGN) develops, constructs, and upgrades aquaculture and agriculture farms in Malaysia. Over the four years from FY2021 to FY2025, revenue achieved a CAGR of 16.2%, reaching $83.9M in FY2025. However, trailing twelve months operating margin dropped to -32.2% alongside an EPS of -$42.61.
- Market cap
- $3.1M
- Revenue (TTM)
- $82.7M
- P/E
- —
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- The company grew revenue at a 4-year CAGR of 16.2% from FY2021 to FY2025, reaching $83.9M in FY2025.
- As of June 30, 2026, the balance sheet held $8.1M in net cash with total debt of just $100,738.
- The stock trades at a price-to-book ratio of 0.4x, well below its book value.
Bear case
- Operating margin collapsed to -32.2% over the trailing twelve months, down sharply from 0.8% in FY2025 and 11.1% in FY2021.
- Free cash flow was -$9.6M in FY2025, marking the second annual cash burn following -$21.5M in FY2023.
- In the latest quarter ending June 30, 2026, quarterly earnings fell 31.3% and quarterly revenue declined 8.4% year-over-year.
What Megan does
Megan Holdings Limited engages in the development, construction, maintenance, and upgrade of aquaculture and agriculture farms and related works in Malaysia. The company operates through three segments: Aquaculture and Agriculture, Industrial Solutions, and Investment in Marketable Securities. In addition to farm construction, it supplies and installs smart industrial technologies and solutions, and rents out machinery for aquaculture and agriculture operations. The company also participates in investment activities, which include holding and trading in marketable financial instruments. Founded in 2020 and headquartered in Kuala Lumpur, Malaysia, the company operates as a subsidiary of Star Sprite Limited.
Growth and profitability
Revenue expanded from $46.0M in FY2021 to $72.3M in FY2022 and $85.2M in FY2023, before declining 29.3% to $60.3M in FY2024. In FY2025, revenue rebounded 39.1% to $83.9M, but gross margin compressed to 1.7% from 19.7% in FY2024, and net income fell to $879,442 with a net margin of 1.0%. Over the four-year span from FY2021 to FY2025, revenue grew at a CAGR of 16.2%. For the trailing twelve months ending June 30, 2026, revenue stood at $82.7M, with an operating margin of -32.2% and a profit margin of -8.3%. In the latest quarter ending June 30, 2026, quarterly revenue fell 8.4% year-over-year, while quarterly earnings dropped 31.3%.
Balance sheet and cash flow
As of June 30, 2026, Megan Holdings Limited held $8.2M in cash and short-term investments against total debt of $100,738, resulting in net cash of $8.1M. Shareholders' equity was $17.7M on total assets of $39.7M. The company reported a current ratio of 1.81 and a debt-to-equity ratio of 0.01. In FY2025, operating cash flow and free cash flow both totaled -$9.6M, while capital expenditures were $260.
Valuation and performance
Megan Holdings Limited trades at a market cap of $3.1M and an enterprise value of -$2.4M, reflecting its net cash position. The stock trades at a price-to-book multiple of 0.4x and an EV-to-EBITDA multiple of 15.0x, compared to an EV-to-EBITDA multiple of 13.9x for the median of its US-listed Industrials peers. Its price-to-sales ratio is 0.0x versus 1.5x for peers. Over the broader market periods, the S&P 500 (SPY) returned 16.8% over one year and 83.0% over five years. As of October 16, 2026, the stock closed at $2.51, between its 52-week low of $1.67 and 52-week high of $25.13.
What analysts expect
As of October 16, 2026, Megan Holdings Limited closed at $2.51 per share. There are no published analyst buy, hold, or sell ratings, mean price targets, or forward revenue and earnings estimates available for the company. Furthermore, the company has no reported earnings surprise track record figures or scheduled upcoming earnings dates. For the trailing twelve months ending June 30, 2026, reported EPS was -$42.61, following an EPS of $0.27 in FY2025.
Key risks and what to watch
- Gross margin shrank from 19.7% in FY2024 to 1.7% in FY2025, highlighting severe profitability pressure.
- Trailing twelve months EPS stood at -$42.61, reflecting substantial net losses relative to its share base.
- The company operates with only 4 employees while generating $82.7M in trailing twelve months revenue, indicating concentrated operational execution risk.
- The stock has experienced wide price swings, trading between a 52-week low of $1.67 and a 52-week high of $25.13.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this MGN AI stock analysis
This page is an AI-written research summary of Megan Holdings Limited (MGN). 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: MGN income statement, MGN balance sheet, MGN key metrics, MGN chart. See the MGN stock overview for the latest quote and news.
MGN AI stock analysis FAQ
What does Megan Holdings Limited do?
Megan Holdings Limited develops, constructs, maintains, and upgrades aquaculture and agriculture farms in Malaysia. It also provides smart industrial technologies, rents out agricultural machinery, and trades marketable financial instruments.
Does Megan Holdings Limited pay a dividend?
Megan Holdings Limited does not report any dividend payments.
How much cash and debt does Megan Holdings Limited have?
As of June 30, 2026, the company held $8.2M in cash and short-term investments and $100,738 in total debt, resulting in net cash of $8.1M. Its current ratio stood at 1.81.
What are Megan Holdings Limited's valuation multiples?
Megan Holdings Limited trades at a price-to-book multiple of 0.4x, a price-to-sales ratio of 0.0x, and an EV-to-EBITDA multiple of 15.0x based on a market cap of $3.1M. By comparison, the median of its US-listed Industrials peers trades at an EV-to-EBITDA multiple of 13.9x and a price-to-sales ratio of 1.5x.