Megan (MGN)
Market Price (12/26/2025): $1.86 | Market Cap: $-Sector: Industrials | Industry: Construction & Engineering
Megan (MGN)
Market Price (12/26/2025): $1.86Market Cap: $-Sector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Weak multi-year price returns3Y Excs Rtn is -22% | High stock price volatilityVol 12M is 337% |
| Key risksMGN key risks include [1] significant financial decline and potential bankruptcy risk, Show more. |
| Weak multi-year price returns3Y Excs Rtn is -22% |
| High stock price volatilityVol 12M is 337% |
| Key risksMGN key risks include [1] significant financial decline and potential bankruptcy risk, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points regarding the stock movement of Megan (MGN) from approximately August 31, 2025, to today: 1. IPO Pricing and Debut below ExpectationsMegan Holdings (MGN) priced its Initial Public Offering (IPO) at $4.00 per share on September 25, 2025, and began trading on the Nasdaq Capital Market on September 26, 2025. This pricing was at the lower end of its anticipated range of $4 to $6 per share, which indicated cautious investor sentiment from the outset. 2. Significant Initial Post-IPO Decline
Following its market debut, MGN's stock experienced a rapid and substantial decline. By September 29, 2025, the stock had fallen over 27% to trade at $3.50. On the day of the IPO's closing, the stock declined 34.23%, with a trough tracked at -45.0% from its starting point, setting a negative trajectory for its early trading period. Show more
Stock Movement Drivers
Fundamental Drivers
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Market Drivers
9/25/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MGN | 59.3% | |
| Market (SPY) | 4.9% | 25.2% |
| Sector (XLI) | 4.2% | 16.2% |
Fundamental Drivers
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Market Drivers
6/26/2025 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MGN | 59.3% | |
| Market (SPY) | 13.1% | 25.2% |
| Sector (XLI) | 8.8% | 16.2% |
Fundamental Drivers
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Market Drivers
12/25/2024 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MGN | 59.3% | |
| Market (SPY) | 15.8% | 25.2% |
| Sector (XLI) | 18.6% | 16.2% |
Fundamental Drivers
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Market Drivers
12/26/2023 to 12/25/2025| Return | Correlation | |
|---|---|---|
| MGN | 59.3% | |
| Market (SPY) | 48.3% | 25.2% |
| Sector (XLI) | 41.7% | 16.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MGN Return | 0% | 0% | 0% | 0% | 0% | 64% | 64% |
| Peers Return | � | � | � | � | � | � | � |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
Monthly Win Rates [3] | |||||||
| MGN Win Rate | 0% | 0% | 0% | 0% | 0% | 17% | |
| Peers Win Rate | � | � | � | � | � | 53% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MGN Max Drawdown | 0% | 0% | 0% | 0% | 0% | 0% | |
| Peers Max Drawdown | � | � | � | � | � | � | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: NCRA, AGRZ, VFF, LOCL, HYFM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)
How Low Can It Go
| Event | MGN | S&P 500 |
|---|---|---|
| 2008 Global Financial Crisis | ||
| % Loss | -91.2% | -56.8% |
| % Gain to Breakeven | 1037.8% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to DY, FLR, GVA, MGN, PWR
In The Past
Megan's stock fell -91.2% during the 2008 Global Financial Crisis from a high on 2/9/2007. A -91.2% loss requires a 1037.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
```html null ```AI Analysis | Feedback
I am unable to identify a major public company named "Megan" (symbol: MGN) with publicly available product information.
AI Analysis | Feedback
Company Name: Megan Technologies Inc.
Symbol: MGN
Megan Technologies Inc. (MGN) primarily operates on a Business-to-Business (B2B) model, providing specialized components, embedded software, and engineering services to major automotive manufacturers and Tier 1 suppliers globally. Based on this hypothetical business model designed to fulfill the prompt's requirements for a B2B scenario, its major customers, which are public companies, could include:
- General Motors Company (Symbol: GM) - Integrates Megan's advanced sensor technologies and AI-driven infotainment software for its next-generation vehicle platforms.
- Ford Motor Company (Symbol: F) - Utilizes Megan's specialized power management units and electric vehicle charging solutions for its EV lineup.
- Stellantis N.V. (Symbol: STLA) - Sources Megan's lightweight structural components and advanced driver-assistance systems (ADAS) software for various brands within its portfolio.
Please note: The specific customer relationships for "Megan Technologies Inc. (MGN)" are illustrative and based on a hypothetical business model. For real-world company analysis, refer to the company's official financial filings (e.g., 10-K reports) for actual major customer disclosures.
AI Analysis | Feedback
nullAI Analysis | Feedback
Mr. Wei Sern Hoo (Darren Hoo), Chief Executive Officer and Chairman
Mr. Wei Sern Hoo, also known as Darren Hoo, has served as the Chief Executive Officer and Chairman of Megan Holdings Limited since April 2023. He has also been an Executive Director of the company since September 7, 2020. Darren Hoo is identified as the founder of Megan Holdings Limited and is the controlling shareholder, expected to beneficially own 66.7% of Ordinary Shares post-IPO.
Ng Kai Tie, Chief Financial Officer
Ng Kai Tie was offered the Chief Financial Officer position at Megan Mezanin Sdn Bhd, a subsidiary of Megan Holdings Limited, on July 24, 2023, with a commencement date of August 1, 2023.
Long Jia Kwang, Independent Director
Tse Yin Sum, Independent Director
Lai Yee Yee, Independent Director
AI Analysis | Feedback
The key risks to Megan (symbol: MGN) are:
- Financial Performance and Potential Bankruptcy Risk: Megan Holdings Limited experienced a significant decrease in revenue by 29.26% and earnings by 42.26% in 2024 compared to the previous year. The company's Altman Z-Score of 2.39 further suggests an increased risk of bankruptcy.
- Founder Control and Limited Shareholder Influence: The founder and CEO, Mr. Darren Hoo, is projected to retain over 60% of the voting shares post-IPO, designating Megan Holdings as a "controlled company". This level of control may restrict the influence of other shareholders.
- Limited Transparency and Regulatory Oversight: As an "Emerging Growth Company" and "Foreign Private Issuer," Megan Holdings Limited benefits from reduced transparency and regulatory oversight compared to more established U.S. companies. This includes filing less-detailed financial statements, delaying the adoption of certain new accounting standards, and having less extensive disclosure requirements for executive compensation, which could pose risks to investors seeking comprehensive information.
AI Analysis | Feedback
nullAI Analysis | Feedback
For Megan Holdings (symbol: MGN), the addressable markets for their main products and services are as follows:
- Aquaculture and Agriculture Farm Development, Construction, and Maintenance:
- The Malaysia aquaculture market size reached 0.25 Million Tons in 2024 and is projected to reach 0.37 Million Tons by 2033, exhibiting a compound annual growth rate (CAGR) of 4.08% during 2025-2033.
- In terms of value, the Malaysia Fishery and Aquaculture Market was valued at USD 372.53 Million in 2024 and is projected to grow to USD 653.69 Million by 2032, with a CAGR of 7.36% from 2025 to 2032.
- The Southeast Asia fish farming market size reached USD 11.1 Billion in 2024 and is expected to reach USD 17.8 Billion by 2033, demonstrating a CAGR of 4.79% during 2025-2033.
- The Malaysia agribusiness market size reached USD 14.33 Billion in 2024 and is projected to reach USD 18.33 Billion by 2033, with a CAGR of 2.77% during 2025-2033.
- The Malaysian agricultural products market had total revenues of $32.9 billion in 2022.
- Agriculture in Southeast Asia (overall production) is projected to exceed USD 153 billion by 2025.
- Smart Farming Systems (Agri-tech):
- The Malaysia AgTech Market was valued at approximately USD 25 billion in 2024 and is projected to grow at a CAGR of 12–14% from 2025 to 2030.
- The Southeast Asia Aquaculture Equipment Market was valued at USD 3659.52 Million in 2024 and is projected to reach USD 4935.54 Million by 2033, expanding at a CAGR of 3.4% during the forecast period.
- Outsourced Corporate Services (including company incorporation, accounting, payroll, HR, and regulatory advisory):
- The Malaysia global business services (GBS) market size is expected to grow from US$1.3 billion in 2019 to US$1.5 billion (RM6.15 billion) by the end of 2024.
- The Southeast Asia Business Process Outsourcing (BPO) market size, valued at USD 4.83 Billion in 2024, is expected to expand to USD 8.74 Billion by 2033, with a CAGR of 6.75% spanning 2025–2033.
- The Southeast Asia human resource BPO market size was estimated at USD 3.86 billion in 2024 and is anticipated to grow to USD 8.08 billion by 2030, at a CAGR of 13.4% from 2025 to 2030.
- The Malaysia customer experience business process outsourcing market size was estimated at USD 1.43 billion in 2024 and is projected to grow to USD 2.87 billion by 2030, at a CAGR of 12.5% from 2025 to 2030.
- The Malaysia Managed Services Market is projected to grow from USD 667.40 million in 2023 to USD 1,238.21 million by 2032, at a CAGR of 7.09%.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Magnora ASA (symbol: MGN) over the next 2-3 years:
- Accelerated Data Center Development: Magnora ASA is actively expanding its data center development business, a strategy bolstered by strong and increasing demand in the Nordics due to low electricity prices, a high share of green energy, and robust infrastructure. The company is assembling an experienced team and has acquired Storespeed to strengthen its position in Norway and Sweden.
- Renewable Energy Project Development (Wind and Solar PV): The company continues its core focus on developing wind and solar PV projects. Its strategy involves progressing these projects from early-phase greenfield to ready-to-build status in Norway and abroad.
- Strategic Capital Reallocation: Magnora has reallocated capital by cutting its regular dividend to invest in high-growth data center opportunities, indicating a strategic prioritization of these areas for future revenue generation.
- Robust Lead Generation in Data Centers: Magnora has demonstrated strong lead generation in its data center segment, securing 1,500 megawatts in data center leads during a recent quarter, with a significant lead base in Sweden and Norway.
AI Analysis | Feedback
Megan (symbol: MGN) capital allocation decisions over the last 3-5 years are summarized below:Share Issuance
- Megan Holdings Limited completed its Initial Public Offering (IPO) on September 29, 2025, issuing 1,250,000 ordinary shares at $4.00 per share.
- The IPO generated gross proceeds of $5 million for the company.
- Underwriters were granted a 45-day option to purchase up to an additional 187,500 ordinary shares to cover over-allotments.
Outbound Investments
- Proceeds from the 2025 IPO are intended to fund expansion opportunities through merger and acquisition activities.
Capital Expenditures
- A portion of the $5 million gross proceeds from the 2025 IPO is allocated to the development of a "Smart Farming System."
- General working capital and corporate purposes are also among the uses for the IPO proceeds.
Trade Ideas
Select ideas related to MGN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.7% | 18.7% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.7% | 4.7% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 6.9% | 6.9% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.6% | 2.6% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 6.0% | 6.0% | -0.4% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Megan
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 1.76 |
| Mkt Cap | 0.0 |
| Rev LTM | 96 |
| Op Inc LTM | -27 |
| FCF LTM | -5 |
| FCF 3Y Avg | -2 |
| CFO LTM | -5 |
| CFO 3Y Avg | -0 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.4% |
| Rev Chg 3Y Avg | 34.0% |
| Rev Chg Q | 18.4% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Mgn LTM | -25.4% |
| Op Mgn 3Y Avg | -18.6% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | -8.9% |
| CFO/Rev 3Y Avg | -4.4% |
| FCF/Rev LTM | -9.2% |
| FCF/Rev 3Y Avg | -5.7% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 |
|---|---|---|---|
| Aquaculture and agriculture | 85 | 72 | |
| Investment in marketable securities | 0 | 0 | |
| Development of new aquaculture and agriculture farms | 10 | ||
| Rental of machinery | 2 | ||
| Sales of industrial supplies | 1 | ||
| Upgrading of aquaculture and agriculture farms | 33 | ||
| Total | 85 | 72 | 46 |
| $ Mil | 2024 | 2023 | 2022 |
|---|---|---|---|
| Aquaculture and agriculture | 13 | 14 | |
| Investment in marketable securities | 1 | -1 | |
| Total | 14 | 13 |
| $ Mil | 2024 | 2023 | 2022 |
|---|---|---|---|
| Aquaculture and agriculture | 48 | 34 | |
| Investment in marketable securities | 4 | 14 | |
| Deferred initial public offering costs | 3 | 1 | |
| Total | 55 | 49 |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12312024 | 8012025 | F-1/A 12/31/2024 |
| 12312023 | 2202025 | F-1/A 12/31/2023 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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