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Mulsanne Group Holding Limited
(1817)
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Rating:62Neutral
Price Target:
HK$0.25
▼(-15.33% Downside)
Action:Reiterated
Date:05/01/26
The score is driven mainly by improved financial performance (profitability normalization, deleveraging, and stronger 2025 cash generation), supported by a low P/E valuation. These positives are tempered by weak top-line growth/thin margins and largely neutral technical signals with the price still below longer-term moving averages.
Positive Factors
Profitability recovery
A multi-year shift from losses to sustained profitability (2022–2025) indicates core operations now generate positive earnings. That durability supports reinvestment, reduces reliance on external financing, and makes the business more resilient to cyclical retail weakness.
Negative Factors
Weak top-line trend
Persistent flat-to-declining revenue constrains operating leverage and long-term growth potential. In apparel retail, scale drives sourcing and SG&A efficiency; without consistent top-line growth, margin expansion and investment payback remain difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
A multi-year shift from losses to sustained profitability (2022–2025) indicates core operations now generate positive earnings. That durability supports reinvestment, reduces reliance on external financing, and makes the business more resilient to cyclical retail weakness.
Read all positive factors
Mulsanne Group Holding Limited (1817) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$228.00M
Dividend YieldN/A
Average Volume (3M)25.48K
Price to Earnings (P/E)6.0
Beta (1Y)-0.07
Revenue Growth-9.35%
EPS Growth3.09%
CountryHK
Employees404
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)0.03
Shares Outstanding950,000,000
10 Day Avg. Volume9,600
30 Day Avg. Volume25,483
Financial Highlights & Ratios
PEG Ratio3.35
Price to Book (P/B)0.32
Price to Sales (P/S)0.12
P/FCF Ratio1.07
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
Mulsanne Group Holding Limited Business Overview & Revenue Model
Company Description
Mulsanne Group Holding Limited functions as an investment holding company, primarily involved in the creation, promotion, and sale of clothing for men, women, and children throughout Mainland China and Macau. Its product range also encompasses spo...
Mulsanne Group Holding Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
55
Neutral
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.06B | 2.27B | 2.33B | 2.33B | 2.70B |
| Gross Profit | 1.05B | 1.20B | 1.21B | 1.14B | 1.33B |
| EBITDA | 104.17M | 122.51M | 299.51M | 85.11M | 139.85M |
| Net Income | 31.62M | 30.95M | 39.57M | 12.43M | -89.68M |
Balance Sheet | |||||
| Total Assets | 1.95B | 2.61B | 3.01B | 3.52B | 3.02B |
| Cash, Cash Equivalents and Short-Term Investments | 203.90M | 186.89M | 192.42M | 252.19M | 677.23M |
| Total Debt | 680.84M | 1.12B | 1.45B | 1.97B | 1.30B |
| Total Liabilities | 1.18B | 1.88B | 2.30B | 2.83B | 2.28B |
| Stockholders Equity | 769.47M | 735.49M | 710.80M | 684.40M | 733.32M |
Cash Flow | |||||
| Free Cash Flow | 232.82M | 38.85M | 212.00M | 130.62M | 28.05M |
| Operating Cash Flow | 320.21M | 171.68M | 297.78M | 244.71M | 177.73M |
| Investing Cash Flow | -86.78M | -106.38M | -114.11M | -126.09M | -169.15M |
| Financing Cash Flow | -237.66M | -69.03M | -242.27M | -563.79M | -97.40M |
Mulsanne Group Holding Limited Technical Analysis
Positive
0.30
Price Trends
0.24
Positive
0.26
Negative
0.29
Negative
Market Momentum
<0.01
Negative
65.98
Neutral
66.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1817, the sentiment is Positive. The current price of 0.3 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 65.98 is Neutral, neither overbought nor oversold. The STOCH value of 66.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1817.
Mulsanne Group Holding Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$62.45M | -19.88 | 4.31% | ― | -8.90% | -126.10% | |
68 Neutral | HK$2.26B | 10.42 | 10.57% | 9.18% | -1.66% | 0.45% | |
67 Neutral | HK$352.00M | 6.24 | 31.30% | ― | -7.26% | ― | |
62 Neutral | HK$228.00M | 5.99 | 4.46% | ― | -9.35% | 3.09% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$197.38M | -5.27 | -5.53% | 10.75% | -9.42% | -58.91% | |
41 Neutral | HK$138.71M | -6.76 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
HK:1817
Mulsanne Group Holding Limited
0.24
-0.08
-25.00%
HK:0330
Esprit Holdings
0.49
-0.57
-53.77%
HK:0709
Giordano International
1.40
0.07
5.66%
HK:2528
Forward Fashion (International) Holdings Company Limited
0.88
0.63
252.00%
HK:0375
YGM Trading Limited
1.19
0.29
32.22%
HK:0483
Bauhaus International (Holdings) Ltd.
0.17
-0.07
-28.57%
Mulsanne Group Holding Limited Corporate Events
Mulsanne Group Appoints CFO Ding Dade as New Company Secretary
Jun 30, 2026
Mulsanne Group Holding Limited has announced a change in its company secretary, with incumbent Ms. Chen Xiqin resigning effective 30 June 2026 and confirming there is no disagreement with the board or issues requiring shareholder attention. The bo...
Mulsanne Shareholders Back All AGM Resolutions, Renew Capital Mandates
Jun 5, 2026
Shareholders of Mulsanne Group Holding Limited unanimously approved all resolutions at the 5 June 2026 annual general meeting, including adoption of the 2025 audited accounts and the re-election of all proposed executive, non-executive and indepen...
Mulsanne Group Sets 2026 AGM to Renew Board, Auditor and Share Issuance Mandate
May 13, 2026
Mulsanne Group Holding Limited has convened its annual general meeting for 5 June 2026 in Ningbo, Zhejiang, to consider routine but important corporate governance matters, including the adoption of audited consolidated financial statements for the...
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.