One-glance verdict
Undervalued
$3.71 our estimate vs market $1.05
72% below our estimate, below the bear case
Fundamentals snapshot
Mingteng International Corporation Inc.
MTEN · NCM · Industrials · Metal Fabrication
Current price
$1.05
52-week range
$0.80 - $2,230.00
Market cap
$8.03M
Balance sheet
Distressed
-7.99x Concerning
Net debt $1.24M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 15.3% last year.
- Reward Free cash flow was positive in 2/10 years.
- Risk Operating margin compressed from 30.6% to -6.6% over 3 years.
- Risk Return on equity was -11.7% last year — the company lost money on shareholders' equity.
What this company does
Mingteng International Corporation Inc.
Mingteng International is a Chinese company that makes industrial molds, which are like complex cookie cutters used to create metal parts for cars. The company earns money by selling these molds to manufacturers of components for both traditional cars and the growing electric vehicle market. This makes Mingteng a supplier in the automotive supply chain (the entire network of businesses involved in making a product, from raw materials to the final car).
How the company got here
Mingteng International is a relatively new name on the stock market, having been incorporated in 2021 and making its debut on the NASDAQ stock exchange in 2024. However, its actual business operations are conducted through a Chinese subsidiary that has been developing and supplying molds since 2015. The company is structured as a holding company, which is a common setup where one company owns the shares of another, in this case, the operating business in China. This structure allowed it to be listed on a U.S. stock exchange.
What it actually does
Think of Mingteng as a creator of very precise, heavy-duty cookie cutters for car parts. The company designs and manufactures automotive molds, which are specialized tools used to shape molten metal into specific components for vehicles and other machinery. Instead of dough, these molds shape parts for things like a car's braking system or engine. Automakers and parts suppliers use these molds to mass-produce identical metal components for their final products.
Molds for Traditional Vehicle Parts
A significant part of Mingteng's business involves creating molds for the essential components of gasoline-powered cars. This includes molds for parts of the turbocharger system (a device that boosts engine power), braking systems, and steering and differential systems (which help the car turn and manage power to the wheels). These are critical, high-precision parts, and the company provides the foundational tools that allow auto part manufacturers to produce them in large quantities.
Molds for New Energy Vehicles & Machinery
As the auto industry shifts, Mingteng has developed a growing business line focused on electric cars, often called New Energy Vehicles (NEVs). The company produces molds for core NEV components like electric motor drive systems and battery pack systems. This segment represents a key part of its adjustment to modern manufacturing trends. Additionally, it makes molds for engineering hydraulic components used in heavy equipment like construction machinery.
Design, Repair, and Machining Services
Beyond just making new molds, the company offers a range of related services to its customers. This includes designing the molds, repairing existing ones, and providing machining services (using machinery to cut and shape parts with high precision). This part of the business ensures they support their customers through the entire lifecycle of the mold, from the initial idea to ongoing maintenance, creating a more complete service package.
What management is betting on now
The company's leadership is focused on several key growth areas. They recently moved into a new, larger production facility to increase their manufacturing capacity (the total amount of product they can make) by 50%. Mingteng is also pushing for global expansion, recently securing its first orders for markets in Europe and North America. To become more efficient, the company has launched new digital systems to better manage everything from finances to the factory floor, a strategy known as digitalization.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$-650.95K
FY2025 Q4
$-1.11M
Revenue
$11.66M
Net income
$-1.79M
Diluted EPS
—
Operating cash flow
$-104.08K
Free cash flow
$-1.11M
Fetching…
Sources
Revenue
$10.12M
Net income
$-5.68M
Diluted EPS
-0.97
Operating cash flow
$294.97K
Free cash flow
$-650.95K
Fetching…
Sources
Is it cheap or expensive?
Fair value $3.71 vs current price $1.05
Our most-likely fair value is $3.71 a share — about 253.1% above today's price of $1.05, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Distressed
Net debt $1.2M. Interest coverage -8.0x.
Net debt
$1.24M
Interest coverage
-7.99x
Mingteng International Corporation Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
MTEN
BASELINE
Mingteng International Corporation Inc.
Total debt $2.87M Interest coverage -7.99x This is the baseline the peer rows are being compared against.
Total debt $5.47M Interest coverage -31.75x Neither company has much profit cushion over interest right now.
Total debt $14.50M Interest coverage -38.55x Neither company has much profit cushion over interest right now.
Total debt $16.00K Interest coverage 74.64x This peer still has a real interest-payment cushion, while MTEN does not.
Total debt $26.51M Interest coverage -4.05x Neither company has much profit cushion over interest right now.
What you should know
The case for and against MTEN
2 Rewards
2 Risks
Rewards
-
Revenue grew 15.3% last year.
-
Free cash flow was positive in 2/10 years.
Risks
-
Operating margin compressed from 30.6% to -6.6% over 3 years.
-
Return on equity was -11.7% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
0.01x
P/S
0.69x
EV/EBITDA
34.58x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
22.5%
Operating margin
-6.6%
Net margin
-15.3%
ROE
-11.7%
ROA
-1.2%
Health
Liquidity and balance-sheet strength
Debt / equity
0.13x
Current ratio
1.19x
Quick ratio
0.80x
Total debt
$2.87M
Total cash
$1.63M
Growth
How the business has been compounding
Revenue TTM
$38.04M
Revenue 5Y CAGR
13.3%
EPS TTM
-39.34
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$4.34M
Free CF TTM
$-1.11M
FCF margin
-2.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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