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Millennium Group International Holdings Ltd (MGIH) stock

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NASDAQ: MGIH Nasdaq Commercial Printing

D Fundamentals grade

Millennium Group International Holdings Ltd is a US-listed company in the commercial printing industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$0.7

Price-to-sales vs peers

Base case. Range ~$0.7–$6.9. Sales per share times peers' typical price-to-sales; used only when earnings are negative.

Price vs value

No Buy/Hold/Sell rating is issued: only 1 valuation models apply; a rating needs 3.

Millennium Group International Holdings Ltd valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds1 adding, 2 cuttingOf 1 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Millennium Group International Holdings files

Where Millennium stands after its latest Filing

Revenue for the twelve months was $20m, down 19.7% on a year earlier, a smaller fall than the 34.2% decline a quarter earlier. Free-cash-flow margin fell to -29.4% from 2.3% a year earlier. Operating margin narrowed to -36.3% from 8.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks. Our price-to-sales vs peers value is $0.73 a share, against a share price of $1.36.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Millennium Group International Holdings Ltd's trailing-twelve-month revenue fell 19.7% year on year, with a free-cash-flow margin of -29.4%. Where it stands out: change in growth rate of +14.5pp ranks 1 of 5 commercial printing companies we cover. Where it lags: revenue growth of -19.7% ranks 5 of 5 commercial printing companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 59.9% while net income fell 12.2%: a 48pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Millennium Group International Holdings Ltd's latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 19.7% over the last 12 months.
  • Loss-making. Operating margin is -36.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 12.6 points on a year ago.
  • Burning cash. Free cash flow was -29.4% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 74% and a beta of 0.3 against the S&P 500.
  • Gross margin slipping. Gross margin is down 10.4 points on a year ago.

Price chart

  • 1 day+0.7%
  • 1 week+1.4%
  • 1 month-6.0%
  • This year+12.1%
  • 1 year-17.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$20.3M
Operating margin
-36.3%
Net margin
-34.9%
EPS (TTM, diluted)
$-0.63

Growth

Revenue growth
−19.7%
Change in growth rate
+14.5 pts
Share count change
+0.0%

Cash

Free cash flow (TTM)
-$6M
FCF margin
-29.4%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for MGIH from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Millennium Group International Holdings Ltd valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 1 valuation models apply; a rating needs 3.

Valuation models

We value Millennium Group International Holdings Ltd as an operating company, with every model that fits that kind of business. Cost of equity 8%: the 10-year Treasury yield (4.9%) plus a beta of 0.68 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.7 ~$0.8–$6.9 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$0.7 ~$0.7–$6.9 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Millennium Group International Holdings Ltd with Industrials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2023202420252026
Share price$1.91$1.46$1.62$1.50
Market value$20m$16m$18m$17m
+ Net debt (− = net cash)−$14m−$2m−$5m$2m
Enterprise value$6m$14m$14m$19m
Multiples
Price / sales 0.4x0.4x0.7x0.8x
Price / earnings ————
Price / free cash flow 2.5x———
EV / EBITDA 8.9x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Millennium Group International Holdings Ltd: too few analysts cover it.

Positioning

Short interest
2.6%
of tradable shares
Days to cover
2.4
at average volume
Short interest, 1 month
−20%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
88.9%
of shares
Employees
379
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202420252026 to date
Return
MGIH+22%−18%+12%
Industry peers (median)+12%−6%+15%
S&P 500+25%+18%+11%
Months that ended higher
MGIH58%50%46%
S&P 50075%75%46%
Largest fall from a high during the year
MGIH−59%−56%−27%
S&P 500−8%−19%−9%

Worst fall since April 4, 2023: 70% from April 4, 2023 to November 27, 2023. Getting back needed a 238% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$1.24 – $1.79
From 52-week high
−22.3%
vs 50-day average
−5.6%
vs 200-day average
−6.7%
Volatility (1 year)
74%
Beta vs S&P 500
0.26

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Millennium Group International Holdings Ltd in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Millennium Group International Holdings Ltd
$0 $20M $40M $60M $80M FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue (TTM), FY21 Q4: $64.6M Revenue (TTM), FY22 Q4: $66.2M Revenue (TTM), FY23 Q4: $45.6M Revenue (TTM), FY24 Q4: $38.5M Revenue (TTM), FY25 Q4: $25.3M Revenue (TTM), FY26 Q4: $20.3M $20.3M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY21 Q4 $64.6M
FY22 Q4 $66.2M
FY23 Q4 $45.6M
FY24 Q4 $38.5M
FY25 Q4 $25.3M
FY26 Q4 $20.3M
Revenue growth, TTM YoY Millennium Group International Holdings Ltd
-40% -30% -20% -10% 0% 10% FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Revenue growth, TTM YoY, FY22 Q4: 2.6% Revenue growth, TTM YoY, FY23 Q4: -31.2% Revenue growth, TTM YoY, FY24 Q4: -15.5% Revenue growth, TTM YoY, FY25 Q4: -34.2% Revenue growth, TTM YoY, FY26 Q4: -19.7% -19.7%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY22 Q4 2.6%
FY23 Q4 -31.2%
FY24 Q4 -15.5%
FY25 Q4 -34.2%
FY26 Q4 -19.7%
Operating margin (TTM) Millennium Group International Holdings Ltd
-40% -20% 0% 20% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 Operating margin (TTM), FY21 Q4: 7.9% Operating margin (TTM), FY22 Q4: 8.4% Operating margin (TTM), FY23 Q4: -2.4% Operating margin (TTM), FY24 Q4: -18.0% Operating margin (TTM), FY25 Q4: -23.7% Operating margin (TTM), FY26 Q4: -36.3% -36.3%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY21 Q4 7.9%
FY22 Q4 8.4%
FY23 Q4 -2.4%
FY24 Q4 -18.0%
FY25 Q4 -23.7%
FY26 Q4 -36.3%
FCF margin (TTM) Millennium Group International Holdings Ltd
-40% -20% 0% 20% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FY26 Q4 FCF margin (TTM), FY21 Q4: 7.0% FCF margin (TTM), FY22 Q4: 2.3% FCF margin (TTM), FY23 Q4: 17.4% FCF margin (TTM), FY24 Q4: -16.8% FCF margin (TTM), FY25 Q4: -14.8% FCF margin (TTM), FY26 Q4: -29.4% -29.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY21 Q4 7.0%
FY22 Q4 2.3%
FY23 Q4 17.4%
FY24 Q4 -16.8%
FY25 Q4 -14.8%
FY26 Q4 -29.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 65 66 46 39 25 20
Gross profit 17 16 9 8 5 2
EBITDA 7 7 1 −6 −5 −6
Operating income 5 6 −1 −7 −6 −7
Net income 4 4 −0 −9 −6 −7
Diluted EPS $0.37 $0.41 −$0.03 −$0.78 −$0.56 −$0.63
Growth (year on year)
Revenue — +2.6% −31.2% −15.5% −34.2% −19.7%
EBITDA — +3.3% −91.7% — — —
Operating income — +8.5% −119.6% — — —
Net income — +11.2% −108.7% — — —
Diluted EPS — +10.8% −107.3% — — —
Margins
Gross margin 26.9% 24.6% 19.9% 21.6% 18.5% 8.1%
EBITDA margin 11.2% 11.3% 1.4% −14.3% −19.9% −30.7%
Operating margin 7.9% 8.4% −2.4% −18.0% −23.7% −36.3%
Net margin 5.7% 6.2% −0.8% −22.8% −24.9% −34.9%
Free-cash-flow margin 7.0% 2.3% 17.4% −16.8% −14.8% −29.4%
Cash flow
Cash from operations 5 2 8 −4 −2 −4
Capital spending 1 1 0 2 2 1
Free cash flow 5 2 8 −6 −4 −6
Balance sheet
Cash 21 19 28 13 11 6
Total debt 0 16 13 11 6 8
Net debt (negative = net cash) −21 −3 −14 −2 −5 2
Diluted shares 10m 10m 10m 11m 11m 11m
Returned to shareholders
Dividends — 9 — — — —
Total returned — 9 — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $30m
Short-term assets $15mLonger-term assets $16m
What it owes, and who funded it · $30m
Short-term liabilities $10mLonger-term liabilities $1mShareholders' equity $19m
  • Short-term assets cover short-term liabilities $15m of assets due within a year against $10m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $15m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt $6m of cash against $8m of debt.
  • Debt below 40% of shareholders' equity Debt is 42% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt −$4m of operating cash flow against $8m of debt.
  • Operating profit covers interest at least five times over Operating income of −$7m against $241,545 of interest.

From Millennium Group International Holdings Ltd's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
0.0%
year over year
Days sales outstanding
94 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in commercial printing
Last 12 months unless stated MGIH EBF DLX QUAD CMPR Median
Revenue, last 12 months $20m $397m $2.1bn $2.4bn $3.8bn $2.1bn
Revenue growth, last 12 months −19.7% 2.3% 0.3% −4.9% 10.0% 0.3%
Revenue growth, 3-year average — −2.7% −1.9% −8.0% 6.7% −2.3%
Revenue growth, latest quarter — 3.4% −4.2% −0.2% 8.2% 1.6%
Gross margin 8.1% 30.6% 52.5% 21.4% 45.6% 30.6%
Operating margin −36.3% 13.6% 11.9% 3.5% 6.0% 6.0%
Operating margin, 3-year average — 13.3% 9.8% 2.3% 6.8% 8.3%
Net margin −34.9% 9.8% 4.8% 1.1% 2.2% 2.2%
Cash from operations / revenue −22.1% 17.2% 14.3% 3.5% 7.6% 7.6%
Free-cash-flow margin −29.4% 14.5% 9.9% 1.6% 5.0% 5.0%
Free-cash-flow margin, 3-year average — 13.8% 7.3% 1.4% 6.4% 6.9%
Stock pay / revenue — 0.5% 1.3% 0.3% 1.6% 0.9%
Change in share count 0.0% −2.2% 2.3% 3.0% −1.7% 0.0%

Median of all 5 companies we cover in commercial printing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

5 commercial printing companies
Measure Company Peer median Rank
Revenue growth Growth -19.7% 0.3% 5 of 5
Change in growth rate Growth +14.5pp +1.0pp 1 of 5
Gross margin Profitability 8.1% 30.6% 5 of 5
Operating margin Profitability -36.3% 6.0% 5 of 5
Net margin Profitability -34.9% 2.2% 5 of 5
Free-cash-flow margin Cash generation -29.4% 5.0% 5 of 5
Change in share count Balance sheet 0.0% 0.0% 3 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$77,462
Institutions reporting
2
Shares held vs prior quarter
▼ 20.4%
Positions opened / closed
1 / 1

Top buyers and sellers, Q2 2026: 1 institutions bought and 2 sold ; the biggest buyer was UBS Group AG (+49 shares) and the biggest seller Xtx Topco Ltd (−12K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Two Sigma Investments, LP $77,389 52K 99.9% ▼ 2.8%
UBS Group AG $73 0K 0.1% New

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Millennium Group International Holdings Ltd's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Millennium Group International Holdings Ltd was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Millennium Group International Holdings Ltd in brief

What does Millennium Group International Holdings Ltd do?
Millennium Group International Holdings Ltd is a US-listed company in the commercial printing industry. Its financial year ends in June.
What is Millennium Group International Holdings Ltd's stock ticker?
Millennium Group International Holdings Ltd trades under the ticker MGIH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Millennium Group International Holdings Ltd's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Millennium Group International Holdings Ltd reported revenue of $20.3M, 19.7% lower than a year earlier, according to its SEC filings.
What is Millennium Group International Holdings Ltd's free cash flow?
Millennium Group International Holdings Ltd's free-cash-flow margin is -29.4% of revenue over the trailing twelve months, ranking 5 of the 5 commercial printing companies we cover.
What is Millennium Group International Holdings Ltd's market cap?
On June 30, 2026, Millennium Group International Holdings Ltd's market capitalisation was about $16.8M and net debt of $2.4M. Market figures come from third-party market data and may be delayed.
How much debt does Millennium Group International Holdings Ltd have?
Millennium Group International Holdings Ltd's debt-to-equity ratio is 42.5%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are Millennium Group International Holdings Ltd's competitors?
In our Commercial Printing peer group, the companies closest to Millennium Group International Holdings Ltd are Ennis, Inc., Deluxe Corp, Quad/graphics, Inc. and Cimpress plc. The side-by-side comparison below sets their revenue, margins and growth against Millennium Group International Holdings Ltd's.