Mulsanne Group Holding Limited (1817) AI Stock Analysis

• Market Cap: HK$280.25M
• Dividend Yield: N/A
• Average Volume (3M): 25.48K
• Price to Earnings (P/E): 7.8
• Beta (1Y): -0.16
• Revenue Growth: -7.95%
• EPS Growth: 98.95%
• Country: HK
• Employees: 465
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 0.01
• Shares Outstanding: 950,000,000
• 10 Day Avg. Volume: 9,600
• 30 Day Avg. Volume: 25,483
• PEG Ratio: -0.56
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 9.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.50 ▲(66.67% Upside)

The overall stock score of 54 reflects significant financial challenges, including declining revenues and profitability, and bearish technical indicators. While the valuation suggests potential undervaluation, the lack of dividend yield and weak market momentum weigh heavily on the stock's attractiveness.

Positive Factors

Strategic Partnerships

Strategic partnerships with luxury brands enhance market presence and brand recognition, providing a competitive edge in the luxury sector.

Diverse Revenue Streams

A diverse revenue model with multiple streams reduces dependency on a single channel, enhancing financial resilience and adaptability.

Stable Gross Profit Margin

Stable gross profit margins indicate consistent cost management and pricing power, contributing to long-term financial health.

Negative Factors

Declining Revenue

Declining revenue poses a risk to growth prospects and may impact the company's ability to invest in future opportunities.

Volatile Cash Flow

Volatile cash flow can hinder the company's ability to fund operations and strategic initiatives, affecting long-term sustainability.

Low Net Profit Margin

A low net profit margin limits profitability and may constrain reinvestment in business growth and innovation.

Mulsanne Group Holding Limited Business Overview & Revenue Model

Company Description

Mulsanne Group Holding Limited, an investment holding company, engages in the design, marketing, and sale of apparel products for men, women, and children in Mainland China and Macau. It also offers sportswear. The company provides its products under the GXG, gxg jeans, gxg.kids, Yatlas, Mode Commuter, 2XU, and other brands. In addition, it offers consultation and equity investment services. The company primarily sells its products to end customers through its self-owned, partnership, and distributor stores, as well as through online retail platforms, such as Tmall.com, Taobao, VIPshop, TikTok, and WeChat mini programs. As of December 31, 2021, it operated 1,198 stores. The company was founded in 2007 and is headquartered in Ningbo, the People's Republic of China.

How the Company Makes Money

Mulsanne Group generates revenue through multiple streams, primarily from the sale of luxury goods and products under its own brands and through partnerships with renowned luxury labels. The company operates retail outlets and e-commerce platforms, allowing it to reach a broad customer base. Key revenue streams include direct sales from physical stores, online sales, and wholesale distribution to other retailers. Additionally, Mulsanne Group benefits from strategic alliances with luxury brands, which may involve profit-sharing agreements, co-branding initiatives, and exclusive distribution rights that further enhance its earnings potential.

Mulsanne Group Holding Limited Financial Statement Overview

Summary

Mulsanne Group Holding Limited faces significant challenges, including declining revenues and profitability, coupled with volatility in cash flow generation. While leverage remains stable, the company's ability to improve operational efficiency and profitability remains in question.

Income Statement

The company shows a declining revenue trend over recent years, with a decrease from 2023 to 2024. Gross Profit Margin has remained relatively stable, but Net Profit Margin is low due to decreasing net income. EBIT and EBITDA margins are weak, indicating limited operational efficiency improvements.

Balance Sheet

The company has a moderate Debt-to-Equity Ratio, signifying balanced leverage. However, Return on Equity is relatively low, reflecting limited profitability from equity. The Equity Ratio suggests moderate reliance on equity, but declining total assets raise concerns.

Cash Flow

The cash flow analysis is limited due to missing data for 2024. Historically, free cash flow has been volatile, and the absence of free cash flow in 2024 raises concerns about cash generation sustainability. The Operating Cash Flow to Net Income Ratio for 2023 suggests adequate cash generation relative to net income, but this trend may not be sustained.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.15B	2.27B	2.33B	2.33B	2.70B	2.86B
Gross Profit	1.13B	1.20B	1.21B	1.14B	1.33B	1.22B
EBITDA	120.16M	122.51M	299.51M	85.11M	139.85M	-3.76M
Net Income	33.01M	30.95M	39.57M	12.43M	-89.68M	-301.35M
Balance Sheet
Total Assets	2.34B	2.61B	3.01B	3.52B	3.02B	3.22B
Cash, Cash Equivalents and Short-Term Investments	156.28M	186.89M	192.42M	252.19M	677.23M	771.69M
Total Debt	1.14B	1.12B	1.45B	1.97B	1.30B	1.25B
Total Liabilities	1.59B	1.88B	2.30B	2.83B	2.28B	2.41B
Stockholders Equity	745.45M	735.49M	710.80M	684.40M	733.32M	814.33M
Cash Flow
Free Cash Flow	54.79M	38.85M	212.00M	130.62M	28.05M	114.24M
Operating Cash Flow	170.44M	171.68M	297.78M	244.71M	177.73M	246.58M
Investing Cash Flow	-118.12M	-106.38M	-114.11M	-126.09M	-169.15M	-140.51M
Financing Cash Flow	-93.43M	-69.03M	-242.27M	-563.79M	-97.40M	-141.76M

Mulsanne Group Holding Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1817, the sentiment is Negative. The current price of 0.3 is below the 20-day moving average (MA) of 0.31, below the 50-day MA of 0.33, and below the 200-day MA of 0.37, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 10.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1817.

Mulsanne Group Holding Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0483	70 Outperform	HK$108.38M	14.60	4.49%	―	-1.14%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0375	55 Neutral	HK$147.62M	-6.71	-5.35%	10.75%	-23.76%	-9785.71%
1817	54 Neutral	HK$280.25M	7.76	4.51%	―	-7.95%	98.95%
2528	49 Neutral	HK$110.00M	-6.19	-10.66%	―	-5.89%	71.06%
1657	44 Neutral	HK$464.00M	-157.35	-7.01%	―	25.11%	64.76%
0330	37 Underperform	HK$331.21M	―	―	―	―	―