1B0 Stock Financial Analysis - mm2 Asia Ltd. (SGX) Stock

Overview

mm2 Asia Ltd. is a diversified entertainment company headquartered in Singapore, predominantly engaged in the content production and distribution across film, TV, and online platforms. Established in 2008, it has carved a niche in the Asian entertainment market, embracing roles including production, distribution, and sponsorship. The company has extended its footprint beyond Singapore to Malaysia, Hong Kong, Taiwan, China, and the U.S., facilitating a global distribution network. mm2 Asia's notable projects include co-producing Singapore’s first 3D stereoscopic film, "Bait 3D," and the successful "Ah Boys to Men" film series. Additionally, the company has strategically expanded into cinema operations and concert production, leveraging regional growth opportunities in the entertainment sector.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for mm2 Asia Ltd. as of 31 March 2025 is 165.13 MM.
The operating income for mm2 Asia Ltd. as of 31 March 2025 is -7.73 MM.
The net income for mm2 Asia Ltd. as of 31 March 2025 is -105.23 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2025-03-31	165.13	-7.73	-105.23
2024-09-30	157.38	11.85	-12.64
2024-06-30	178.04	18.54	-9.15
2024-03-31	198.71	25.22	-5.65
2023-12-31	182.43	30.89	-112.07
2023-09-30	209.76	34.78	-111.23
2023-06-30	171.59	23.61	-115.48
2023-03-31	133.41	12.44	-119.72
2022-12-31	117.86	11.16	-32.07
2022-09-30	89.53	7.95	-28.96
2022-06-30	86.52	-1.00	-31.97
2022-03-31	83.52	-9.94	-34.98
2021-12-31	107.92	-24.87	-45.95
2021-09-30	101.60	-36.22	-79.78
2021-06-30	88.41	-41.17	-85.28
2021-03-31	75.23	-46.11	-90.78
2020-12-31	106.74	-32.24	-59.52
2020-09-30	138.25	-18.37	-28.26
2020-06-30

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2025-03-31
2024-09-30	-0.00	-0.00
2024-06-30	-0.00	-0.00
2024-03-31	-0.00
2023-12-31	-0.04	-0.04
2023-09-30	-0.04	-0.04
2023-06-30	-0.04	-0.04
2023-03-31	-0.04
2022-12-31	-0.01	-0.01
2022-09-30	-0.01	-0.01
2022-06-30	-0.01	-0.01
2022-03-31	-0.01	-0.01
2021-12-31
2021-09-30	-0.05	-0.05
2021-06-30	-0.06	-0.06
2021-03-31	-0.08	-0.08
2020-12-31	-0.05	-0.05
2020-09-30	-0.02	-0.02
2020-06-30	-0.01	-0.01

Cash Flow: Operations, Investing, Financing

The cash from operating activities for mm2 Asia Ltd. as of 31 March 2025 is 0.57 MM.
The cash from investing activities for mm2 Asia Ltd. as of 31 March 2025 is -18.03 MM.
The cash from financing activities for mm2 Asia Ltd. as of 31 March 2025 is 17.32 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2025-03-31	0.57	-18.03	17.32
2024-09-30	-16.59	-1.05	10.11
2024-06-30	-5.86	-2.47	4.00
2024-03-31	4.88	-3.90	-2.12
2023-12-31	23.89	-4.09	-18.74
2023-09-30	37.62	-4.63	-19.58
2023-06-30	23.25	-2.94	-15.93
2023-03-31	8.88	-1.25	-12.28
2022-12-31	7.85	-2.38	-0.10
2022-09-30	7.67	-1.62	-8.02
2022-06-30	16.95	-3.56	-12.96
2022-03-31	26.22	-5.50	-17.89
2021-12-31	19.83	-3.85	-19.88
2021-09-30	17.88	-3.75	-17.56
2021-06-30	10.02	-6.41	-13.88
2021-03-31	2.15	-9.06	-10.21
2020-12-31	15.72	-11.81	-16.30
2020-09-30	29.29	-14.56	-22.39
2020-06-30

Valuation Metrics : PE, PriceToBook, PriceToTBV

The p/e for mm2 Asia Ltd. as of 31 March 2025 is -5.17.
The p/book for mm2 Asia Ltd. as of 31 March 2025 is 0.58.
The p/tbv for mm2 Asia Ltd. as of 31 March 2025 is 1.27.

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2025-03-31	-5.17	0.58	1.27
2024-09-30	-10.49	0.63	1.46
2024-06-30	-11.10	0.67	1.54
2024-03-31	-0.82	0.90	7.93
2023-12-31	-0.77	0.85	7.45
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31	-1.96	0.73	-1.49
2021-12-31	-1.52	0.57	-1.16
2021-09-30	-1.33	0.72	-0.90
2021-06-30	-1.17	0.47	-0.96
2021-03-31	-0.15	0.05	-0.05
2020-12-31	-0.33	0.04	-0.06
2020-09-30	-1.77	0.20	-0.51
2020-06-30	2.79	0.03	-0.08

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

The ebit/ev for mm2 Asia Ltd. as of 31 March 2025 is -0.04.
The ebit (3y)/ev for mm2 Asia Ltd. as of 31 March 2025 is -0.06.

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2025-03-31	-0.04	-0.06
2024-09-30	0.00	-0.04
2024-06-30	0.00	-0.06
2024-03-31	-0.03	-0.09
2023-12-31	-0.03	-0.12
2023-09-30	-0.06	-0.14
2023-06-30	-0.10	-0.15
2023-03-31	-0.10	-0.16
2022-12-31	-0.09	-0.13
2022-09-30	-0.12	-0.15
2022-06-30	-0.10	-0.12
2022-03-31	-0.21	-0.14
2021-12-31	-0.23	-0.11
2021-09-30	-0.23	-0.07
2021-06-30	-0.26	-0.06
2021-03-31	-0.21	0.00
2020-12-31	-0.10	0.05
2020-09-30	-0.09	0.04
2020-06-30	0.03	0.10

Management Effectiveness

The roa for mm2 Asia Ltd. as of 31 March 2025 is -0.03.
The roe for mm2 Asia Ltd. as of 31 March 2025 is -0.11.
The roic for mm2 Asia Ltd. as of 31 March 2025 is -0.04.
The croic for mm2 Asia Ltd. as of 31 March 2025 is -0.02.
The ocroic for mm2 Asia Ltd. as of 31 March 2025 is -0.05.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2025-03-31	-0.03	-0.11	-0.04	-0.02	-0.05
2024-09-30	-0.01	-0.12	-0.02	-0.00	0.02
2024-06-30	-0.02	-0.07	-0.02	-0.00	0.02
2024-03-31	-0.19	-0.55	-0.33	0.04	0.11
2023-12-31	-0.20	-0.54	-0.33	0.04	0.11
2023-09-30	-0.21	-0.56	-0.35	0.01	0.07
2023-06-30	-0.06	-0.56	-0.35	0.01	0.07
2023-03-31	-0.06	-0.59	-0.38	-0.01	0.03
2022-12-31	-0.05	-0.14	-0.06	-0.00	0.02
2022-09-30	-0.06	-0.14	-0.06	-0.00	0.02
2022-06-30	-0.06	-0.15	-0.07	0.00	0.04
2022-03-31	-0.13	-0.21	-0.08	0.01	0.06
2021-12-31	-0.13	-0.34	-0.12	-0.01	0.04
2021-09-30	-0.11	-0.32	-0.14	-0.01	0.01
2021-06-30	-0.12	-0.34	-0.17	-0.02	0.02
2021-03-31	-0.08	-0.22	-0.12	-0.02	0.03
2020-12-31	-0.04	-0.10	-0.05	-0.01	0.05
2020-09-30	-0.04	-0.10	-0.05	-0.01	0.05
2020-06-30	0.01	0.01	0.01	0.02	0.05

Gross Margins

The gross margin for mm2 Asia Ltd. as of 31 March 2025 is 0.24.
The net margin for mm2 Asia Ltd. as of 31 March 2025 is -0.08.
The operating margin for mm2 Asia Ltd. as of 31 March 2025 is 0.08.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2025-03-31	0.24	-0.08	0.08
2024-09-30	0.26	-0.03	0.12
2024-06-30	0.26	-0.03	0.12
2024-03-31	0.26	-0.53	0.16
2023-12-31	0.26	-0.53	0.16
2023-09-30	0.21	-0.67	0.13
2023-06-30	0.20	-0.67	0.13
2023-03-31	0.20	-0.90	0.09
2022-12-31	0.22	-0.20	-0.10
2022-09-30	0.14	-0.20	-0.10
2022-06-30	0.14	-0.25	-0.17
2022-03-31	0.13	-0.32	-0.24
2021-12-31	0.13	-0.54	-0.23
2021-09-30	0.08	-0.79	-0.36
2021-06-30	0.10	-0.96	-0.47
2021-03-31	0.17	-0.57	-0.28
2020-12-31	0.23	-0.20	-0.13
2020-09-30	0.23	-0.20	-0.13
2020-06-30	0.38	0.01	0.14