MICROALLIANCE GROUP INC.
MALG · Beverages · 609.3M shares · +0%/yr ↓ buyback · EDGAR filings ↗
Grade
D50Tiny PRC-based coffee/liquor company with implausibly high reported margins, stale FY2021 data and significant China-governance red flags.
Strengths
- Reported metrics are top-decile (gross 72%, net 50%, operating 66.5%, ROA 60th-95th pct)
- Very high current/quick ratios and positive free cash flow on paper
Risks
- 50% net margin for a small beverage business is implausible and suggests unreliable financials
- All operations in the PRC with material China regulatory/governance risk and COVID-era closures
- Stale FY2021 data (well over 18 months old) and micro-cap scale
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
72.1%
Operating margin
66.5%
Net margin
49.9%
Return on equity
66.1%
Return on assets
60.3%
Revenue growth (QoQ)
-6.3%
Current ratio
11.1×
Free cash flow
$1M
EBITDA
$25M
Tangible book value
$28M
Cash & investments
$1M
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2021-12-27 | Shareholder vote | filing ↗ |
| 2021-12-22 | Auditor changeExhibits | filing ↗ |
| 2021-08-16 | Material agreementAcquisition/disposition3.02Exhibits | filing ↗ |
| 2021-02-03 | Material agreementAcquisition/disposition3.025.015.06Exhibits | filing ↗ |
| 2008-12-04 | Exec/director change5.03OtherExhibits | filing ↗ |
| 2008-07-14 | Exec/director change | filing ↗ |
| 2007-09-05 | Exec/director change | filing ↗ |
| 2007-08-24 | Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2022-11-14 | 2022-09-30 | 0001213900-22-071610 ↗ |
| 10-Q | 2022-08-15 | 2022-06-30 | 0001213900-22-048021 ↗ |
| 10-Q | 2022-05-16 | 2022-03-31 | 0001213900-22-027053 ↗ |
| 10-K | 2022-03-31 | 2021-12-31 | 0001213900-22-016721 ↗ |
| 8-K | 2021-12-27 | 2021-12-20 | 0001213900-21-067435 ↗ |
| 8-K | 2021-12-22 | 2021-12-20 | 0001213900-21-066857 ↗ |
| 10-Q | 2021-11-15 | 2021-09-30 | 0001213900-21-059027 ↗ |
| 10-Q | 2021-08-23 | 2021-06-30 | 0001213900-21-044233 ↗ |
| 8-K | 2021-08-16 | 2021-06-03 | 0001213900-21-042787 ↗ |
| 10-Q | 2021-05-24 | 2021-03-31 | 0001213900-21-028513 ↗ |
| 10-K | 2021-04-15 | 2020-12-31 | 0001213900-21-021652 ↗ |
| 8-K | 2021-02-03 | 2021-02-01 | 0001213900-21-006298 ↗ |