Using a Revenue DCF model with operating margin convergence from -15.8% to a target of 10.3% over 5 years, discounted at a WACC of 8.2%, Ming Shing Group Holdings Limited (MSW) has an intrinsic value of $2.68 per share (range: $1.02 – $31.54).
Using the industry peer median EV/Revenue multiple (trailing + forward), Ming Shing Group Holdings Limited (MSW) has a fair value of $7.73 based on 9 comparable companies in the Engineering & Construction industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| Ming Shing Group Holdings LimitedMSW | 21 | 0.8x | — |
| Sidus Space, Inc. | 104 | 34.7x | 9.9x |
| Globus Maritime Limited | 47 | 2.9x | 4.1x |
| XTI Aerospace, Inc. | 30 | 1.1x | 0.1x |
| Quest Resource Holding Corporation | 23 | 0.3x | 0.3x |
| SPAR Group, Inc. | 16 | 0.3x | 0.2x |
| ParaZero Technologies Ltd. | 14 | 43.6x | — |
| Nixxy, Inc. | 13 | 18.8x | 0.5x |
| Top Ships Inc. | 10 | 2.9x | 4.5x |
| Megan Holdings Limited Ordinary Shares | 3 | 0.0x | — |
| Industry Median | 2.9x | 0.5x | |
| (*) Revenue | 34 | ||
| = Enterprise Value | 99 | ||
| (-) Net Debt | 7 | ||
| Equity Value | 92 | ||
| (/) Outstanding shares | 12 | ||
| Fair Price | $8 | ||
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.