MGIH (Millennium Group International Holdings) Operating Income: $-6.70 Mil (TTM As of Dec. 2025)

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MGIH Millennium Group International Holdings Ltd MGIH
32 GF Score
Price $1.53
GF Value $0.80
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Millennium Group International Holdings Operating Income?

Millennium Group International Holdings MGIH +0.99% 32 Operating Income is $-6.70 Mil as of Dec. 2025. GuruFocus rates MGIH with a GF Score™ of 32/100 and a GF Value™ of $0.80 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Millennium Group International Holdings's Operating Income for the six months ended in Dec. 2025 was $-3.47 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was $-6.70 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Millennium Group International Holdings's Operating Income for the six months ended in Dec. 2025 was $-3.47 Mil. Millennium Group International Holdings's Revenue for the six months ended in Dec. 2025 was $10.86 Mil. Therefore, Millennium Group International Holdings's Operating Margin % for the quarter that ended in Dec. 2025 was -31.93%.

Millennium Group International Holdings's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Millennium Group International Holdings's annualized ROC % for the quarter that ended in Dec. 2025 was -32.29%. Millennium Group International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -43.54%.


Millennium Group International Holdings  (NAS:MGIH) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Millennium Group International Holdings's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=-6.934 * ( 1 - 0% )/( (21.888 + 21.06)/ 2 )
=-6.934/21.474
=-32.29 %

where

Note: The Operating Income data used here is two times the semi-annual (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

Millennium Group International Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-6.306/( ( (10.625 + max(4.489, 0)) + (11.195 + max(2.66, 0)) )/ 2 )
=-6.306/( ( 15.114 + 13.855 )/ 2 )
=-6.306/14.4845
=-43.54 %

where Working Capital is:

Working Capital(Q: Jun. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(7.101 + 1.539 + 0.667) - (4.701 + 0.117 + 0)
=4.489

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(6.27 + 1.761 + 0) - (5.372 + 0 + -0.00099999999999945)
=2.66

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Millennium Group International Holdings's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-3.467/10.857
=-31.93 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Millennium Group International Holdings Operating Income Related Terms


Millennium Group International Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for Millennium Group International Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Millennium Group International Holdings Operating Income Chart

Millennium Group International Holdings Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Operating Income
5.10 5.54 -1.08 -6.93 -6.02

Millennium Group International Holdings Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.43 -6.50 -2.78 -3.23 -3.47
MGIH
32GF Score
Millennium Group International Holdings Ltd MGIH
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Millennium Group International Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-6.70 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $-6.70 Mil mean?
Millennium Group International Holdings (MGIH) has a Operating Income of $-6.70 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Millennium Group International Holdings and its competitors.
Is Millennium Group International Holdings' Operating Income too high?
Millennium Group International Holdings' current Operating Income is $-6.70 Mil. Overall, Millennium Group International Holdings has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millennium Group International Holdings' Operating Income compare to GFLT and YHGJ?
Millennium Group International Holdings' Operating Income of $-6.70 Mil can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Packaging & Containers company?
A good Operating Income depends on the Packaging & Containers industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Millennium Group International Holdings and its competitors. Millennium Group International Holdings's current Operating Income is $-6.70 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millennium Group International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Millennium Group International Holdings (MGIH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.80, compared to a current price of $1.53 — trading 90.6% above its estimated fair value. The current Operating Income is $-6.70 Mil. Millennium Group International Holdings' overall GF Score™ is 32/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Millennium Group International Holdings (MGIH), the current Operating Income is $-6.70 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Millennium Group International Holdings (MGIH) Overvalued in 2026?

Based on GuruFocus' analysis, Millennium Group International Holdings stock appears to be overvalued. The current stock price of $1.53 is trading 90.6% above its estimated GF Value™ of $0.80. GuruFocus considers Millennium Group International Holdings to be Significantly Overvalued.

Key valuation signals for MGIH:

  • Operating Income: $-6.70 Mil
  • GF Value™: $0.80 vs. price of $1.53 (90.6% above fair value)
  • GF Score™: 32/100 with 2 warning signs

No single metric tells the full story. See the MGIH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Millennium Group International Holdings Business Description

Address Flat B-C, 1st Floor, Wang Kwong Industrial Buiding, 45 Hung To Road, Kwun Tong, Kowloon, Hong Kong, HKG, 999077
Millennium Group International Holdings Ltd supplies paper-based packaging solutions, including inner packaging boxes produced with offset or flexo printing and outer corrugated boxes used for transportation, storage, pallets, and point-of-purchase displays. The company manufactures corrugated products of different sizes, shapes, thicknesses, and strengths according to customer specifications. It also operates a supply chain management business in Vietnam to service international clients who source their packaging needs from Vietnam and other ASEAN countries. The corrugated paper is durable, versatile, economical, and lightweight.
32GF Score

Get the complete analysis for MGIH

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.53
Price
$0.80
GF Value