Mainland Headwear Holdings Limited (HK:1100)
:1100
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Mainland Headwear Holdings
(1100)
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Rating:72Outperform
Price Target:
HK$1.50
▲(18.11% Upside)
Action:UpgradedDate:04/21/26
The score is driven primarily by improving financial performance (revenue and margin recovery in 2025 plus a conservative balance sheet), supported by very attractive valuation (low P/E and high dividend yield). Technical indicators are only moderately positive, and cash-flow volatility remains the key risk tempering the overall score.
Positive Factors
Conservative balance sheet
The sharp reduction in debt-to-equity to ~0.16 gives the company durable financial flexibility: lower leverage reduces interest burden and insolvency risk, supports capacity to fund working capital or opportunistic investment, and strengthens resilience through industry cycles over the next 2–6 months.
Negative Factors
Volatile cash conversion
Historic swings between positive and negative free cash flow show working-capital and cash-conversion sensitivity. That volatility can strain liquidity during weaker sales periods, constrain discretionary spending, and complicate reliable dividend or reinvestment plans over the next several months.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The sharp reduction in debt-to-equity to ~0.16 gives the company durable financial flexibility: lower leverage reduces interest burden and insolvency risk, supports capacity to fund working capital or opportunistic investment, and strengthens resilience through industry cycles over the next 2–6 months.
Read all positive factors
Mainland Headwear Holdings (1100) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$690.95M
Dividend Yield6.35%
Average Volume (3M)57.79K
Price to Earnings (P/E)4.6
Beta (1Y)-0.13
Revenue Growth15.37%
EPS Growth107.52%
CountryHK
Employees8,200
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.14
Shares Outstanding429,164,460
10 Day Avg. Volume72,450
30 Day Avg. Volume57,794
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.45
Price to Sales (P/S)0.32
P/FCF Ratio4.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mainland Headwear Holdings Business Overview & Revenue Model
Company Description
Mainland Headwear Holdings Limited, an investment holding company, designs, manufactures, trades in, and distributes casual headwear products in the United States, Europe, the People's Republic of China, Hong Kong, and internationally. The company...
How the Company Makes Money
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Mainland Headwear Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.70B | 1.47B | 1.42B | 1.87B | 1.60B |
| Gross Profit | 526.24M | 455.48M | 476.36M | 637.30M | 479.22M |
| EBITDA | 248.91M | 210.98M | 278.82M | 354.76M | 262.86M |
| Net Income | 118.47M | 57.07M | 117.95M | 195.39M | 128.08M |
Balance Sheet | |||||
| Total Assets | 2.00B | 1.94B | 1.79B | 1.96B | 1.67B |
| Cash, Cash Equivalents and Short-Term Investments | 178.95M | 214.72M | 331.02M | 275.28M | 222.80M |
| Total Debt | 188.99M | 259.77M | 215.47M | 310.77M | 317.75M |
| Total Liabilities | 713.72M | 765.58M | 625.42M | 889.33M | 767.40M |
| Stockholders Equity | 1.21B | 1.12B | 1.11B | 1.03B | 876.91M |
Cash Flow | |||||
| Free Cash Flow | 115.70M | -58.13M | 113.80M | 167.91M | 66.22M |
| Operating Cash Flow | 190.25M | 152.66M | 349.29M | 245.98M | 88.16M |
| Investing Cash Flow | -78.64M | -254.90M | -143.23M | -104.30M | -47.11M |
| Financing Cash Flow | -126.42M | -34.80M | -132.93M | -86.34M | -63.14M |
Mainland Headwear Holdings Technical Analysis
Positive
1.27
Price Trends
1.40
Positive
1.34
Positive
1.38
Positive
Market Momentum
<0.01
Positive
51.43
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1100, the sentiment is Positive. The current price of 1.27 is below the 20-day moving average (MA) of 1.44, below the 50-day MA of 1.40, and below the 200-day MA of 1.38, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.43 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1100.
Mainland Headwear Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$821.12M | 7.06 | 16.16% | 4.60% | 12.73% | 9.25% | |
74 Outperform | HK$12.68B | 11.59 | 9.07% | 10.16% | 1.53% | -21.76% | |
72 Outperform | HK$690.95M | 4.60 | 9.96% | 6.35% | 15.37% | 107.52% | |
66 Neutral | HK$23.73B | 8.62 | 9.61% | 7.69% | -1.93% | -1.36% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
49 Neutral | HK$317.94M | -12.78 | -2.53% | 4.15% | 2.32% | -88.07% | |
46 Neutral | HK$239.79M | -1.27 | -20.20% | ― | -30.43% | -97.13% |
* Consumer Cyclical Sector Average
HK:1100
Mainland Headwear Holdings
1.61
0.21
15.00%
HK:0210
Daphne International Holdings
0.42
<0.01
1.22%
HK:1170
Kingmaker Footwear Holdings
0.48
-0.14
-22.58%
HK:0738
Le Saunda Holdings
0.34
0.08
28.30%
HK:1836
Stella International Holdings Limited
15.08
2.47
19.63%
HK:0551
Yue Yuen Industrial (Holdings)
14.80
4.83
48.39%
Mainland Headwear Holdings Corporate Events
Mainland Headwear Sets 2026 AGM, Proposes Final Dividend and Expanded Share Issuance Mandate
Apr 16, 2026
Mainland Headwear Holdings has called its annual general meeting for 22 May 2026 in Hong Kong, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK$0.06 per...
Mainland Headwear Proposes Final HKD 0.06 Dividend for 2025
Mar 26, 2026
Mainland Headwear Holdings Limited has proposed a final ordinary cash dividend of HKD 0.06 per share for the financial year ended 31 December 2025, reflecting the board’s decision to return cash to shareholders from its latest annual results...
Mainland Headwear Profit More Than Doubles on Revenue Growth in 2025
Mar 26, 2026
Mainland Headwear Holdings reported a strong improvement in its 2025 annual results, with revenue rising to HK$1.70 billion from HK$1.47 billion and gross profit increasing to HK$526.2 million. Net profit attributable to shareholders more than dou...
Mainland Headwear Sets March 2026 Board Meeting to Approve 2025 Results
Mar 11, 2026
Mainland Headwear Holdings Limited has scheduled a board meeting for 26 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the potential declaration of a final dividend, ...
Mainland Headwear Signals At Least 75% Profit Surge for 2025
Feb 26, 2026
Mainland Headwear Holdings has issued a positive profit alert, indicating that profit attributable to shareholders for the year ended 31 December 2025 is expected to be at least HK$100 million, up from about HK$57 million in 2024, representing gro...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.