Loading institutional data...
Loading institutional data...
Insufficient data to determine institutional momentum.
Data as of Q1 2026
Loading snapshot...
Loading financials...
Loading valuation...
Loading quality & risk...
Loading dividends & returns...
Loading capital allocation...
Loading debt & leverage...
Loading performance...
Loading peer comparison...
Loading ownership map...
Loading crowding analysis...
Loading conviction analysis...
Loading buy/sell flow...
Loading ownership trends...
Loading top holders...
Loading top holders...
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-08-05 · 44d old
How a revenue dollar becomes profit — FY2024
Each value shows its share of revenue below it (common-size).
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.4M 100.0% | $89.2M 100.0% | $58.1M 100.0% | $98.7M 100.0% | $184.1M 100.0% | $576.1M 100.0% | $2.16B 100.0% | $2.14B 100.0% | $2.05B 100.0% | $2.57B 100.0% |
| Selling, General & Admin | $35.3M 62.6% | $30.8M 34.5% | $30.9M 53.2% | $36.0M 36.5% | $39.1M 21.2% | $47.2M 8.2% | $64.9M 3.0% | $53.0M 2.5% | $50.3M 2.4% | $64.9M 2.5% |
| Total Operating Expenses | $12.2M 21.6% | $12.8M 14.3% | $11.6M 20.0% | $10.3M 10.5% | $9.5M 5.2% | $11.8M 2.0% | $21.2M 1.0% | $19.0M 0.9% | $18.4M 0.9% | $38.3M 1.5% |
| Interest Expense | — | — | $19.3M 33.3% | $19.3M 19.6% | $19.3M 10.5% | $19.3M 3.4% | $19.3M 0.9% | $23.3M 1.1% | $28.2M 1.4% | $29.1M 1.1% |
| Pretax Income | -$199.9M -354.2% | -$38.4M -43.0% | -$60.6M -104.2% | $26.7M 27.0% | $41.7M 22.6% | -$110.3M -19.1% | -$449.9M -20.8% | -$154.4M -7.2% | $79.5M 3.9% | $126.3M 4.9% |
| Income Tax Expense | $1.1M 1.9% | $196K 0.2% | -$557K -1.0% | $15K 0.0% | -$104K -0.1% | -$911K -0.2% | $441K 0.0% | -$6.8M -0.3% | $413K 0.0% | $2.0M 0.1% |
| Net Income | -$201.0M -356.1% | -$38.6M -43.2% | -$60.0M -103.3% | $26.6M 27.0% | $41.8M 22.7% | -$131.9M -22.9% | -$544.6M -25.2% | -$169.9M -7.9% | $49.0M 2.4% | $124.5M 4.8% |
| Per Share | ||||||||||
| EPS (Basic) | $-2.01 | $-0.38 | $0.63 | $1.35 | $0.93 | — | $-6.87 | $-2.32 | $0.20 | $1.36 |
| EPS (Diluted) | $-2.01 | $-0.38 | $0.63 | $1.35 | $0.93 | — | $-6.87 | $-2.32 | $0.19 | $1.31 |
| Weighted Avg Shares (Basic) | 99.9M | 101.4M | 87.1M | 86.1M | 84.3M | 83.1M | 83.1M | 85.7M | 77.5M | 73.5M |
| Weighted Avg Shares (Diluted) | 99.9M | 101.4M | 87.1M | 86.1M | 84.3M | 83.1M | 83.1M | 85.7M | 78.7M | 85.6M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
2/7 of the 9 checks — 2 couldn't be scored (see above), so the score is out of the 7 with data.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $4M buybacks = $4M returned.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -67%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.” Effective rate ~7.6% on $256M of debt. Interest last disclosed in FY2022 (no longer broken out).
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-08-05
No standout strengths flagged.
Where each multiple sits in its own 12-yr range · 88th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 12-yr history.
Is the profit real, and how strong is the balance sheet?
FY2024 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|---|---|---|
| SG&A | 2.5 | 3.0 | 8.2 | 21.2 | 36.5 | 53.2 | 34.5 | 62.6 |
| Income Tax | -0.3 | 0.0 | -0.2 | -0.1 | 0.0 | -1.0 | 0.2 | 1.9 |
| Net Income | -7.9 | -25.2 | -22.9 | 22.7 | 27.0 | -103.3 | -43.2 | -356.1 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MHNC: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.