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Mint Incorporation Limited logo

Mint Incorporation Limited

MIMI
19
Engineering & Construction · Industrials
Price
$2.46
-0.05 (-1.99%)
Market Cap
$6.2M
Exchange
NASDAQ Capital Market
Winston Score
19
Winston is worried
Weak fundamentals across most pillars.

Mint Incorporation Limited is a small engineering and construction company. It provides construction and related services, likely to commercial or infrastructure clients. The company operates in the industrials sector, where it competes against many other contractors for project-based work.

Mint generates revenue by completing construction contracts, meaning it gets paid when it finishes jobs rather than through steady subscriptions or recurring fees. The company appears to be very small, with a market cap near zero, and its financials show serious strain — an operating margin of negative 141% means it is spending far more than it earns. The biggest risk facing Mint is its ability to survive: with deeply negative returns on capital and razor-thin gross margins of 13%, the company must either win more profitable contracts or find ways to cut costs significantly to avoid running out of money.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-26.3% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

39.2%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$525,701 cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Mint Incorporation Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.0% over 3y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 2.3M (2022) → 2.3M (2025)

Score breakdown

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Quality

Gross Margin
4.4%
Thin — 4.4% gross margin
Operating Margin
-881.4%
Losing money on operations — -881.4%
ROCE
-140.8%
Weak — -140.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-40.9%
Shrinking sales (-40.9% YoY)
EPS YoY
-450.0%
Earnings shrinking (-450.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
0.22
Conservative — low debt load (0.22)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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