olivLaw · US equity research
Magnitude International Ltd MAGH
Electrical Work · SIC 1731 · Vertical: Electrical Work (SIC 1731)
Magnitude International Ltd is an electrical installation services provider in Singapore, active in greenfield and brownfield projects for private and public clients. The company listed in August 2025 but is now under a trading halt and a Nasdaq delisting process, which makes its financial and market situation worth close attention.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 03 Nov 2026, Magnitude International Ltd (MAGH) stock was 6.76 USD (+0.00% on the day), with market capitalisation 236.6 m USD, P/E 6,760.0 on diluted EPS of 0.00 USD over the last 12 months, 52-week range 1.37–6.76 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)
- 92.0
- overbought (≥ 70)
- Bollinger (20, 2)
- 5.84 – 7.38
- in the upper half of the band · %B 0.60 · band width 23.2%
- SMA 50 / 200
- 4.12 / unavailable
- MACD (12, 26, 9)
- 0.73 / 0.89
- 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 | unavailable | −1.1% | unavailable | — |
| 3 months | unavailable | −0.5% | unavailable | — |
| 6 months | unavailable | +4.4% | unavailable | — |
| Year to date | unavailable | +12.3% | unavailable | — |
| 1 year | +356.8% | +13.5% | +343.2 pp | +11.7% |
| 3 years | unavailable | +76.4% | unavailable | +295.8% |
| 5 years | unavailable | +63.7% | 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 | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | unavailable | unavailable | 11.8 m |
| Revenue YoY | unavailable | unavailable | unavailable |
| Net income | unavailable | unavailable | 32.9 k |
| Net income YoY | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | 0.00 |
| Diluted EPS YoY | unavailable | unavailable | unavailable |
| net % | unavailable | unavailable | 0.3% |
| Free cash flow | unavailable | unavailable | -724.3 k |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 30 Apr 2025
- Cash
- 582.1 k USD
- Financial debt
- 1.8 m USD
- Net debt
- 1.2 m USD
- Equity
- 459.3 k USD
- Total assets
- 6.5 m USD
- Debt / equity
- 3.90x
- Current ratio
- 1.24x
- ROE
- unavailable
- ROA
- 0.5%
- FCF margin
- -6.2%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2025 | Source (latest year) |
|---|---|---|
| Revenue | 11.8 m | SEC (XBRL)· 15 Sept 2025verified |
| Cost of revenue | 9.9 m | SEC (XBRL)· 15 Sept 2025verified |
| Gross profit | 1.8 m | SEC (XBRL)· 15 Sept 2025verified |
| Operating income | 54.3 k | SEC (XBRL)· 15 Sept 2025verified |
| Interest expense | 69.5 k | SEC (XBRL)· 15 Sept 2025verified |
| Pre-tax income | 19.1 k | SEC (XBRL)· 15 Sept 2025verified |
| Income tax | -13.8 k | SEC (XBRL)· 15 Sept 2025verified |
| Net income | 32.9 k | SEC (XBRL)· 15 Sept 2025verified |
| Diluted EPS | 0.00 | SEC (XBRL)· 15 Sept 2025verified |
| Weighted average diluted shares | 33.4 m | SEC (XBRL)· 15 Sept 2025verified |
Balance sheet · USD
| Line | 2025 | Source (latest year) |
|---|---|---|
| Cash | 582.1 k | SEC (XBRL)· 15 Sept 2025verified |
| Current assets | 5.7 m | SEC (XBRL)· 15 Sept 2025verified |
| Property, plant & equipment, net | 463.9 k | SEC (XBRL)· 15 Sept 2025verified |
| Total assets | 6.5 m | SEC (XBRL)· 15 Sept 2025verified |
| Accounts payable | 4.1 m | SEC (XBRL)· 15 Sept 2025verified |
| Short-term debt | 383.8 k | SEC (XBRL)· 15 Sept 2025verified |
| Long-term debt | 1.4 m | SEC (XBRL)· 15 Sept 2025verified |
| Current liabilities | 4.6 m | SEC (XBRL)· 15 Sept 2025verified |
| Total liabilities | 6.1 m | SEC (XBRL)· 15 Sept 2025verified |
| Equity | 459.3 k | SEC (XBRL)· 15 Sept 2025verified |
| Shares outstanding at year end | 33.4 m | SEC (XBRL)· 15 Sept 2025verified |
Cash flow · USD
| Line | 2025 | Source (latest year) |
|---|---|---|
| Operating cash flow | -709.4 k | SEC (XBRL)· 15 Sept 2025verified |
| Capex | 14.9 k | SEC (XBRL)· 15 Sept 2025verified |
| Free cash flow | -724.3 k ≈ | SEC (XBRL)· 15 Sept 2025derived |
| Investing cash flow | -346.8 k | SEC (XBRL)· 15 Sept 2025verified |
| Financing cash flow | 207.0 k | SEC (XBRL)· 15 Sept 2025verified |
≈ 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
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 236.6 m USD
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
52% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.02 – 0.03 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E0.02 – 0.03 (Mid 0.02)4 companies used · median multiple 21.0x · quartiles 15.7x – 30.8xEME, FIX, IESC, PWR
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
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: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 2.7% | 6 (on a fixed band) | 20% |
| Net margin · Quality | 0.3% | 20 (vs peers) | 12% |
| FCF conversion · Quality | -2,199.8% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 0.8x | 0 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.2x | 37 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 6,760.0x | 0 (on a fixed band) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -0.3% | 0 (on a fixed band) | 16% |
| 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 sheet15/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality8/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation0/100 · 2/3 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
Magnitude International Ltd (MAGH). Latest full fiscal year: 2025; data up to 2025-04-30.
Figures computed from the financial statements: revenue 11.8 m USD in 2025; net margin 0.3%; ROE 7.2%.
The estimated value range is 0.02–0.03 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.02 USD, the price of 6.76 USD leaves a potential of -99.7% (value / price − 1) and a margin of safety of -32,072.4% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- ROIC: 2.7%
- Net margin: 0.3%
- FCF conversion: -2,199.8%
- Interest coverage: 0.8x
- P/E (TTM): 6,760.0x
- FCF yield: -0.3%
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Electrical Work (SIC 1731) · same industry (4-digit SIC) · compared with 5 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 | |
|---|---|---|---|---|---|---|
| PWRQuanta Services, Inc. | 87.5 bn | 52.6 | 17.8% | 4.5% | +20.3% | +25% / +208% |
| FIXComfort Systems USA, Inc. | 38.2 bn | 23.6 | 58.6% | 13.0% | +29.5% | +12% / +464% |
| EMEEMCOR Group, Inc. | 28.0 bn | 18.5 | 40.6% | 7.8% | +16.6% | +4% / +201% |
| IESCIES Holdings, Inc. | 3.4 bn | 7.6 | 45.0% | 11.3% | +16.9% | −19% / +383% |
| MAGHMagnitude International Ltd | 236.6 m | 6,760.0 | 7.2% | 0.3% | unavailable | +357% / unavailable |
| ENGSEnergys Group Ltd | 64.6 m | — | -139.3% | -30.1% | unavailable | +287% / unavailable |
1- and 3-year price returns: for MAGH 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
Scenarios are not available. input data missing
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 17 Sept 2026; since then the company filed 6-K (18 Sept 2026).
In brief
Magnitude International Ltd is an electrical installation services provider in Singapore, active in greenfield and brownfield projects for private and public clients. The company listed in August 2025 but is now under a trading halt and a Nasdaq delisting process, which makes its financial and market situation worth close attention 1.
SWOT
Strengths
- Over 13 years of experience in electrical installation and a technical team with safety and quality certifications.
- ISO and occupational health and safety certifications, and a record without severe or fatal accidents in recent fiscal years.
- A portfolio of contracted projects that gives some visibility over future revenue.
Weaknesses
- Dependence on a few large clients that generate most of the revenue.
- A net loss in fiscal 2026 after a modest profit in fiscal 2025, with rising administrative expenses.
- Strong dependence on the founder's management and on foreign workers.
Opportunities
- Growth in public sector projects could open new sources of revenue.
- Demand for modern installations such as electric vehicle chargers and solar systems could broaden the service range.
- Proceeds from the listing could support growth in operating capacity.
Threats
- The trading halt and the Nasdaq delisting process could reduce investor confidence.
- A slowdown in construction investment in Singapore could reduce the volume of available contracts.
- Restrictions on foreign labor or higher levies on foreign workers could raise costs.
Risks
- Trading halt and delistinghigh
The company's shares are halted and Nasdaq has notified its intent to delist, with a hearing request that temporarily stays the action. The outcome could affect share liquidity and access to capital markets.
- Customer concentrationhigh
Five main clients generate most of the revenue, and contracts are not long-term. Losing one of them could significantly reduce turnover.
- Cost estimates and fixed-price contractsmedium
Tender prices rely on estimates of time and cost, and most contracts lack adjustment clauses. Cost overruns could lead to losses on certain projects.
- Dependence on key staff and foreign labormedium
Operations depend on key management and foreign workers, and hiring restrictions could limit execution capacity.
- Renewal of BCA licenceslow
Workhead grading determines which projects the company can bid for. Failure to renew or a downgrade could narrow its activity.
Investment thesis
What would need to be true (bull case)
- If the project backlog of over 80 million S$ converts into stable revenue, the company could recover the margins lost in fiscal 2026.
- Growth in public sector projects and modern energy installations could diversify the client base.
- Long experience and quality certifications could help the company win tenders against smaller competitors.
What would break the thesis
- If dependence on a few clients persists, losing one large contract could severely affect revenue.
- Rising administrative expenses and the net loss in fiscal 2026 could erode capital reserves.
- The trading halt and delisting could limit share liquidity and investor interest.
What to watch
- Outcome of the Nasdaq hearing request and the Hearings Panel decision2026
- Evolution of the project backlog and its conversion into revenueFiscal 2027
- Gross margins after rising copper and labor costsFiscal 2027
- Share of revenue from main clients and new public sector contractsNext annual report
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 17 Sept 2026; since then the company filed 6-K (18 Sept 2026).
The business
The company generally acts as the main electrical contractor in a construction project, offering consultation, design, installation and supply of materials and labor. Its work covers electrical installations for private and public housing, commercial developments, public facilities, high and low tension systems, security systems and electric vehicle chargers 1. The company states that all of its revenue comes from competitive tenders and that its contracts are not recurring, with customers under no obligation to award future projects 1.
Its status as an emerging growth company and foreign private issuer gives it reduced reporting obligations compared with ordinary US domestic companies 1. The company is controlled by its founder, Mr. Lim, who holds the majority of its share capital through XJL International Ltd 1.
Segments
Greenfield projects
Greenfield projects, meaning electrical installations for new buildings, made up most of revenue in fiscal 2026, with 77.1% of revenue, compared with 60.5% in fiscal 2024 1. The company completed only one greenfield project in fiscal 2026, which shows a focus on a small number of large contracts 1.
Market context
The company operates in the electrical segment of the construction sector in Singapore, a heavily regulated market where contractors are registered with the Building and Construction Authority (BCA) by workhead category 1. The source indicates about 2,200 contractors registered under the ME05 workhead, which points to a high level of competition 1. Revenue depends on the pace of construction projects, which is influenced by investment in residential, commercial and mixed-use developments and by the local economy 1.
The local labor market is limited and costly, and over 80% of the company's workforce consisted of foreign employees in fiscal 2025 and 2026, so policies on foreign labor set by Singapore authorities matter greatly to its operations 1.
Trends
- Dependence on Singapore constructionheadwind
All of the company's revenue comes from Singapore, and demand depends on construction investment. If construction activity slows, the volume of available projects could fall.
- Copper and labor costsheadwind
Material costs, particularly copper cables, and labor costs make up most of the cost of sales. Rising costs could compress margins, especially where contracts lack price adjustment mechanisms 1.
- Nasdaq delisting processmixed
Trading in the shares is halted and Nasdaq has decided to delist the company, a decision the company has contested by requesting a hearing. The outcome could affect liquidity and investor access.
Competitive position
The electrical segment in Singapore is fragmented, and companies compete on market position, reputation, project track record, financial standing and relationships with main contractors 1. Some competitors have more manpower, resources and brand recognition, which can put pressure on tender pricing and margins 1.
The source does not identify any competitors listed in the United States, so the competitive set remains local and based on BCA licence categories 1.
- Other electrical contractors registered with the BCA in Singapore
A group of ME05 contractors with varied experience and resources that compete directly for tenders.
- Contractors with broader workhead qualifications
Firms with wider qualifications can offer more complete services and compete for larger projects.
- General building contractors
Relationships with them affect access to projects as well as the prices that can be quoted.
- Local installation firms for public sector work
They compete for public works, where BCA grading is decisive.
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.
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News & filings
In the press
- JUST IN - Magnitude 4.7 earthquake strikes near Delta, Baja California, Mexico -…Telegram — Insider Paper (EN, defense leaks) · 03 Nov 2026 · EN
- Magnitude 4.7R Quake Strikes Off CreteTo Vima International (GR, EN) · 02 Nov 2026 · EN
- NEW: 197 magnitude 4.5 or higher earthquakes rocked Pacific Ring of Fire over th…Telegram — Insider Paper (EN, defense leaks) · 31 Oct 2026 · EN
- 5.5-magnitude quake hits Japan’s Chiba prefectureThe Straits Times — Asia · 28 Oct 2026 · EN
- NEW - 4.0 magnitude earthquake hits Northern California Follow @InsiderPaper for…Telegram — Insider Paper (EN, defense leaks) · 28 Oct 2026 · EN
- Over 1,000 still in shelters 3 months after 7.1-magnitude quake hit KumamotoThe Straits Times — Asia · 28 Oct 2026 · EN
- Magnitude 5.9 earthquake strikes Tibet region: EMSCThe Hindu — International · 25 Oct 2026 · EN
- NEW - More than 177 earthquakes of magnitude 4.5 or higher have struck Earth ove…Telegram — Insider Paper (EN, defense leaks) · 25 Oct 2026 · EN
- 7.0-magnitude quake hits off islands south of Tokyo, no tsunami triggeredThe Straits Times — Asia · 25 Oct 2026 · EN
- Preliminary magnitude 6.9 earthquake hits off coast of VanuatuThe Hindu — International · 24 Oct 2026 · EN
- Earthquake with magnitude of 7.2 hits off coast of VanuatuTASS (RU, EN) · 24 Oct 2026 · EN
- Magnitude-7 earthquake hits China’s Tibet, killing at least 16 and destroying hundreds of homesThe Guardian World · 23 Oct 2026 · EN
- Tibet rocked by 7.0-magnitude earthquakeAl Jazeera English · 23 Oct 2026 · EN
- Mapping the 7.0-magnitude quake in TibetThe Straits Times — Asia · 22 Oct 2026 · EN
- Magnitude 7 earthquake kills 16 people in China’s Tibet, Xinhua reportsAl Jazeera English · 22 Oct 2026 · EN
- At least 16 killed as magnitude 7.0 earthquake strikes Tibet — agencyTASS (RU, EN) · 22 Oct 2026 · EN
- Earthquake of magnitude 7 strikes China's TibetCNA (Channel NewsAsia) · 22 Oct 2026 · EN
- At least 16 dead in Tibet after strong 7.0-magnitude earthquakeCNA (Channel NewsAsia) · 22 Oct 2026 · EN
- China’s Tibet Region Struck by Powerful Magnitude-7.0 EarthquakeBloomberg Markets · 22 Oct 2026 · EN
- Earthquake of magnitude 7 strikes China's TibetThe Straits Times — Asia · 22 Oct 2026 · EN
SEC filings
- Current report (foreign issuer)18 Sept 2026
- Annual report (foreign issuer)17 Sept 2026
- Current report (foreign issuer)05 Aug 2026
- Current report (foreign issuer)30 Apr 2026
- Current report (foreign issuer)10 Dec 2025
- Annual report (foreign issuer)15 Sept 2025
- Current report (foreign issuer)14 Aug 2025
Sources
- [1] Form 20-F, fiscal year ended 2026-04-30 · SEC / Magnitude International Ltd · 17 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.