olivLaw · US equity research
Mingteng International Corp Inc. MTEN
Metal Doors, Sash, Frames, Moldings & Trim · SIC 3442 · Vertical: Fabricated metal products (SIC 344x)
Mingteng International Corp Inc. is a developer and supplier of molds for auto parts in China, operating through its subsidiary Wuxi Mingteng Mould. In fiscal 2025 revenue grew 15.3%, yet the company posted a net loss of $1,787,077, and its shares were restructured through a reverse split and funded by private placements and an ATM program.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 02 Nov 2026, Mingteng International Corp Inc. (MTEN) stock was 0.50 USD (−41.35% on the day), with market capitalisation 10.1 m USD, beta 0.77, 52-week range 0.50–556.00 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 26.8
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.68 – 1.14
- below the lower band · %B -0.39 · band width 50.6%
- SMA 50 / 200
- 0.98 / 1.46
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.07 / -0.04
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −50.5% | −2.3% | −48.1 pp | — |
| 3 months | −51.0% | −0.8% | −50.2 pp | — |
| 6 months | −54.9% | +4.7% | −59.7 pp | — |
| Year to date | −99.7% | +10.2% | −109.9 pp | — |
| 1 year | −99.9% | +10.3% | −110.2 pp | +4.1% |
| 3 years | unavailable | +73.0% | unavailable | +89.4% |
| 5 years | unavailable | +61.8% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 8.0 m | 8.2 m | 10.1 m | 11.7 m |
| Revenue YoY | unavailable | +2.5% | +23.0% | +15.3% |
| Net income | 2.1 m | 1.5 m | -5.7 m | -1.8 m |
| Net income YoY | unavailable | −29.4% | −476.9% | unavailable |
| Diluted EPS | 0.43 | 54.92 | -194.28 | unavailable |
| Diluted EPS YoY | unavailable | +12,672.1% | −453.8% | unavailable |
| net % | 26.6% | 18.3% | -56.1% | -15.3% |
| Free cash flow | 1.4 m | 538.2 k | -650.9 k | -1.1 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 1.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 22.1 m USD
- Total assets
- 31.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.19x
- ROE
- -11.7%
- ROA
- -7.9%
- FCF margin
- -9.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Revenue | 8.0 m | 8.2 m | 10.1 m | 11.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Cost of revenue | 4.1 m | 4.9 m | 7.1 m | 9.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Gross profit | 3.9 m | 3.3 m | 3.1 m | 2.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Research & development | 492.5 k | 630.8 k | 634.0 k | 777.7 k | SEC (XBRL)· 30 Apr 2026verified |
| Operating income | 2.4 m | 1.7 m | -5.1 m | -423.0 k | SEC (XBRL)· 30 Apr 2026verified |
| Depreciation & amortisation | 272.2 k | 404.9 k | — | — | SEC (XBRL)· 15 May 2024verified |
| EBITDA | 2.6 m ≈ | 2.1 m ≈ | — | — | SEC (XBRL)· 15 May 2024derived |
| Interest expense | 54.0 k | 59.5 k | 36.8 k | 38.7 k | SEC (XBRL)· 30 Apr 2026verified |
| Pre-tax income | 2.5 m | 1.9 m | -5.6 m | -1.7 m | SEC (XBRL)· 30 Apr 2026verified |
| Income tax | 327.4 k | 344.6 k | 80.0 k | 39.7 k | SEC (XBRL)· 30 Apr 2026verified |
| Net income | 2.1 m | 1.5 m | -5.7 m | -1.8 m | SEC (XBRL)· 30 Apr 2026verified |
| Diluted EPS | 0.43 | 54.92 | -194.28 | — | SEC (XBRL)· 30 Apr 2026verified |
| Weighted average diluted shares | 5.0 m | 25.0 k | 34.2 k | — | SEC (XBRL)· 30 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Cash | 1.8 m | 1.1 m | 2.1 m | 1.5 m | SEC (XBRL)· 30 Apr 2026verified |
| Receivables | 2.4 m | 3.5 m | 4.2 m | 5.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Inventories | 1.1 m | 1.2 m | 1.2 m | 1.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Current assets | 6.3 m | 6.7 m | 8.6 m | 9.9 m | SEC (XBRL)· 30 Apr 2026verified |
| Property, plant & equipment, net | 2.6 m | 3.3 m | 3.9 m | 4.9 m | SEC (XBRL)· 30 Apr 2026verified |
| Intangibles (excl. goodwill) | — | — | 67.7 k | 44.1 k | SEC (XBRL)· 30 Apr 2026verified |
| Total assets | 10.1 m | 10.7 m | 14.0 m | 31.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Accounts payable | 718.3 k | 1.1 m | 1.3 m | 3.6 m | SEC (XBRL)· 30 Apr 2026verified |
| Current liabilities | 3.9 m | 3.0 m | 5.3 m | 8.3 m | SEC (XBRL)· 30 Apr 2026verified |
| Total liabilities | 4.0 m | 3.3 m | 5.5 m | 9.2 m | SEC (XBRL)· 30 Apr 2026verified |
| Equity | 6.1 m † | 7.4 m † | 8.5 m † | 22.1 m † | SEC (XBRL)· 30 Apr 2026verified |
| Shares outstanding at year end | — | — | 6.8 m | 20.3 m | SEC (XBRL)· 30 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|
| Operating cash flow | 2.9 m | 1.3 m | 295.0 k | -104.1 k | SEC (XBRL)· 30 Apr 2026verified |
| Capex | 1.4 m | 761.8 k | 945.9 k | 1.0 m | SEC (XBRL)· 30 Apr 2026verified |
| Free cash flow | 1.4 m ≈ | 538.2 k ≈ | -650.9 k ≈ | -1.1 m ≈ | SEC (XBRL)· 30 Apr 2026derived |
| Investing cash flow | -1.4 m | -761.8 k | -3.4 m | -16.1 m | SEC (XBRL)· 30 Apr 2026verified |
| Financing cash flow | 165.6 k | -1.2 m | 4.2 m | 15.5 m | SEC (XBRL)· 30 Apr 2026verified |
| Dividends paid | 352.1 k | — | — | — | SEC (XBRL)· 15 May 2024verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 33.3% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 10.1 m USD
Key indicators
Coverage and freshness
Score by group
33% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · input data missing
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -15.3% | 13 (vs peers) | 19% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | 13.3% | 100 (on a fixed band) | 25% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -10.9x | 0 (on a fixed band) | 19% |
| Current ratio · Balance sheet | 1.2x | 32 (on a fixed band) | 13% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -11.0% | 0 (on a fixed band) | 25% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet13/100 · 2/3 factors with a value
- Growth· partial100/100 · 1/2 factors with a value
- Quality· partial13/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial0/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Mingteng International Corporation Inc. (MTEN). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 11.7 m USD in 2025; YoY growth 15.3%; net margin -15.3%; ROE -11.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 33.3% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 13.3%
What contradicts it
- Net margin: -15.3%
- Interest coverage: -10.9x
- FCF yield: -11.0%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Fabricated metal products (SIC 344x) · same industry group (3-digit SIC) · compared with 9 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| VMIValmont Industries, Inc. | 8.2 bn | 16.2 | 30.8% | 12.1% | +0.7% | +3% / +94% |
| ACAArcosa, Inc. | 7.3 bn | 14.9 | 17.9% | 17.9% | +12.2% | +46% / +116% |
| GFFGriffon Corporation | 4.7 bn | 26.6 | 185.4% | 6.5% | −3.9% | +39% / +124% |
| PRLBProto Labs, Inc. | 1.6 bn | 47.1 | 5.1% | 6.0% | +6.4% | +32% / +86% |
| SMRNUSCALE POWER Corp | 1.3 bn | — | -30.2% | -3,888.7% | −15.0% | −73% / +93% |
| JBIJanus International Group, Inc. | 667.2 m | 20.3 | 6.0% | 3.7% | unavailable | −21% / −54% |
| IMSRTerrestrial Energy Inc. | 316.7 m | — | -36.8% | — | unavailable | −68% / unavailable |
| VATEInnovate Corp. | 73.4 m | — | — | -1.5% | +12.5% | +4% / −49% |
| TPCSTechprecision Corp | 53.5 m | — | -15.4% | -3.7% | −7.0% | +17% / −13% |
| MTENMingteng International Corporation Inc. | 10.1 m | — | -11.7% | -15.3% | +15.3% | −100% / unavailable |
1- and 3-year price returns: for MTEN from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (30 Oct 2026), 6-K (06 Oct 2026), 6-K (30 Jun 2026), 6-K (18 Jun 2026), 6-K (11 Jun 2026), 6-K (10 Jun 2026).
In brief
Mingteng International Corp Inc. is a developer and supplier of molds for auto parts in China, operating through its subsidiary Wuxi Mingteng Mould. In fiscal 2025 revenue grew 15.3% 1, yet the company posted a net loss of $1,787,077 1, and its shares were restructured through a reverse split and funded by private placements and an ATM program.
SWOT
Strengths
- The company has long-term relationships with major Chinese auto industry customers, which supports order volumes.
- Quality certifications and a patent portfolio in auto casting support the company's technical reputation.
- The range of services covers design, production, repair and machining, giving customers a full solution.
Weaknesses
- Dependence on a small number of large customers means losing a single client could have a major impact.
- Costs rose faster than revenue in fiscal 2025, producing operating and net losses.
- The company depends on dividends from its China subsidiaries, which may limit cash transfers to the parent company.
Opportunities
- If the electric vehicle market expands, demand for molds for motors and batteries could grow.
- Demand for precision machining and aluminum alloy casting could support growth in the services segment.
- Funds from the ATM program and private placements could finance capacity investment and new areas.
Threats
- Saturation of the Chinese auto market could reduce orders for molds used in auto parts.
- Chinese regulation of overseas listings and capital transfers could affect operations and investors.
- Dilution from new share issuances could reduce the value of existing shares.
Risks
- Customer concentrationhigh
A small number of customers account for most sales and receivables. Losing a major customer could significantly affect revenue and cash flow.
- Operating losseshigh
The company reported operating and net losses in fiscal 2025, and costs rose faster than revenue. If the trend persists, the financial position could become more fragile.
- Dilution from share issuancesmedium
The ATM program, private placements and the reverse split increased shares outstanding. Future issuances could reduce the stake of existing shareholders.
- Chinese regulatory riskmedium
The regulatory framework for overseas listings and capital transfers can change. Changes could limit the company's ability to transfer cash or maintain its listing.
- Dependence on the auto marketmedium
Activity depends on the Chinese auto industry, and a saturation of that market could reduce demand for molds. The risk is amplified by the high concentration of activity.
Investment thesis
What would need to be true (bull case)
- If machining and electric vehicle revenue continues to grow, the company could reduce its dependence on the traditional auto parts mold segment.
- If costs stabilize, margins could recover, especially if outsourced services are replaced by in-house capacity.
- Long-term relationships with major customers could support volumes, provided those customers remain active in the market.
What would break the thesis
- If the Chinese auto market saturates, demand for molds could fall and the company could be left with unused capacity.
- If operating losses continue, share issuances could become more necessary, with additional dilution.
- Customer concentration could expose the company to sudden disruption if a major customer cuts orders or changes suppliers.
What to watch
- Trend in gross margin and outsourced processing costsQ1 2027
- Share of the ten major customers in total sales2027
- Use of proceeds from the ATM program and private placementsnext 10-K
- Trend in orders for molds for electric vehicle systems2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 30 Apr 2026; since then the company filed 6-K (30 Oct 2026), 6-K (06 Oct 2026), 6-K (30 Jun 2026), 6-K (18 Jun 2026), 6-K (11 Jun 2026), 6-K (10 Jun 2026).
The business
Mingteng International is a Cayman Islands holding company that conducts all its business through its operating subsidiary Wuxi Mingteng Mould, established in 2015 in China 1. The company designs, produces, repairs and machines molds, offering services from design and development to testing and after-sales service 1. Its main products are casting molds for turbocharger, braking, steering and differential systems, as well as molds for electric vehicle motor and battery systems 1.
The company relies on a concentrated customer base of Chinese listed auto parts manufacturers 1. Ten major customers accounted for approximately 78.4% of total sales in fiscal 2025 1, so losing a key customer would have a significant impact. Its main raw materials are steel plates and casting, and their cost is a significant part of cost of revenues 1.
The shares began trading on the Nasdaq Capital Market under the symbol MTEN after a 1-for-200 reverse split effective January 26, 2026 1. Proceeds from share issuances could be used for working capital, business development and capital expenditures 1.
Segments
Market context
Trends
- Saturation of the Chinese auto marketheadwind
The company warns that as the Chinese auto market saturates, demand for molds for auto parts could decline 1. Its dependence on this segment makes the trend a major risk factor.
- Shift toward electric vehiclestailwind
The company already produces molds for electric vehicle motor drive and battery systems 1. If this segment grows, it could offset declining demand for internal combustion components.
- Rising precision requirementsmixed
Customers increasingly demand precision, and some products can no longer be produced entirely in-house, which raised reliance on outsourced processing services 1. The trend could strengthen the machining segment but compresses margins.
- Production cost pressureheadwind
Labor costs, equipment depreciation and outsourced services rose faster than revenue in fiscal 2025 1. If this pressure persists, margins could remain under strain.
Competitive position
The analyzed sources do not explicitly name the company's competitors, so this profile cannot offer a detailed market share comparison. The company operates in the auto parts mold sector in China, where suppliers compete on design, precision, service and relationships with large customers 1.
The company's stated strengths are long-term relationships with major customers, quality certifications and a patent portfolio in auto casting 1. These are differentiating factors, but they do not confirm its market position relative to other producers.
- Chinese listed auto parts manufacturers
These are major customers rather than direct competitors, listed on Chinese exchanges 1.
- Other Chinese auto mold producers
The sources do not name them, but such local suppliers could compete on price and production capacity 1.
- Outsourced machining service providers
The company uses outsourced processing, so these providers are partners and possibly competitors on certain jobs 1.
- Mold producers in other regions
The sources do not indicate US-listed competitors, so no ticker is given.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)30 Oct 2026
- Current report (foreign issuer)06 Oct 2026
- Current report (foreign issuer)30 Jun 2026
- Current report (foreign issuer)18 Jun 2026
- Current report (foreign issuer)11 Jun 2026
- Current report (foreign issuer)10 Jun 2026
- Current report (foreign issuer)03 Jun 2026
- Annual report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)24 Apr 2026
- Current report (foreign issuer)21 Apr 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Mingteng International Corp Inc. · 30 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.