Mulsanne Group Holding Limited (1817) AI Stock Analysis

• Market Cap: HK$308.75M
• Dividend Yield: N/A
• Average Volume (3M): 109.90K
• Price to Earnings (P/E): 9.1
• Beta (1Y): -0.20
• Revenue Growth: -4.28%
• EPS Growth: -25.99%
• Country: HK
• Employees: 465
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Apparel - Retail
• EPS (TTM): 0.03
• Shares Outstanding: 950,000,000
• 10 Day Avg. Volume: 88,650
• 30 Day Avg. Volume: 109,900
• PEG Ratio: 0.10
• Price to Book (P/B): 0.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -2.14
• 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

• Rating: 54 Neutral
• Price Target: HK$0.50 ▲(56.25%Upside)

The overall stock score reflects significant challenges in financial performance, particularly in revenue and cash flow volatility. Technical indicators also suggest a bearish trend with the stock trading below key moving averages. Valuation appears favorable with a low P/E ratio, offering some potential upside if financial performance improves.

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 makes money through the sale of its fashion apparel products, primarily targeting the men's casual wear segment. The company's revenue model is driven by its retail operations, which include both brick-and-mortar stores and online platforms. Mulsanne Group's key revenue streams include direct sales from its retail outlets and e-commerce platforms, as well as wholesale revenues from distributing products through third-party retailers. Additionally, the company may generate income from licensing agreements and partnerships that expand the reach of its brands. Strategic collaborations within the fashion industry and investments in marketing and brand development are significant factors contributing to its earnings.

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. Continued focus on improving cash flow and revenue growth is essential to enhance financial stability.

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

Mulsanne Group Holding Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.32 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.36, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.07 is Neutral, neither overbought nor oversold. The STOCH value of 36.36 is Neutral, 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
Sector *	63 Neutral	$17.18B	10.68	-8.50%	2.94%	1.62%	-25.72%
1817	54 Neutral	HK$308.75M	9.13	4.29%	―	-4.28%	-25.99%
ESHDF	―	$33.90M	―	-90.66%	―	―	―
0375	64 Neutral	HK$159.23M	685.71	0.05%	10.42%	-5.58%	-91.36%
0483	48 Neutral	HK$82.66M	7.08	6.87%	―	-7.14%	-110.87%
1657	46 Neutral	HK$304.00M	―	-18.04%	―	-42.38%	28.61%
2528	46 Neutral	HK$106.00M	―	-40.69%	―	-6.89%	-356.53%

Mulsanne Group Holding Limited Corporate Events

Mulsanne Group Announces Board Change with New Non-Executive Director

Mulsanne Group Holding Limited has announced a change in its board of directors, appointing Mr. CHEN Yeliang as a non-executive director effective from June 30, 2025. Notably, Mr. CHEN will not receive any remuneration for his role, as per the terms of his appointment letter. This change is part of the company’s ongoing governance adjustments and is not expected to impact other aspects of the company’s operations or previous announcements.

Mulsanne Group Establishes Nomination Committee to Strengthen Governance

Mulsanne Group Holding Limited has established a Nomination Committee as part of its corporate governance structure, which is mandated by a resolution passed by the board of directors. The committee is composed primarily of independent non-executive directors and is tasked with overseeing nominations and appointments within the company. This move is aligned with the company’s commitment to maintaining a robust governance framework and ensuring diverse representation within its leadership. The establishment of the Nomination Committee is expected to enhance the company’s governance practices, potentially improving its industry standing and stakeholder confidence.

Mulsanne Group Announces Board and Committee Changes

Mulsanne Group Holding Limited has announced changes in its board of directors and committee compositions. Mr. YANG Herong has resigned as a non-executive director and member of the remuneration committee, while Mr. CHEN Yeliang has been appointed to these roles. Additionally, Ms. XU Yanyun has joined the nomination committee. These changes are effective from June 30, 2025, and reflect the company’s ongoing efforts to strengthen its governance structure.

Mulsanne Group Announces Board Composition and Roles

Mulsanne Group Holding Limited has announced its board of directors and their respective roles and functions. The announcement outlines the composition of the board, which includes executive, non-executive, and independent non-executive directors, as well as the members of various board committees such as the Audit, Remuneration, and Nomination Committees. This update provides stakeholders with clarity on the governance structure and leadership roles within the company, potentially impacting its strategic direction and operational oversight.

Mulsanne Group’s AGM Resolutions Unanimously Approved

Mulsanne Group Holding Limited held its Annual General Meeting on June 5, 2025, where all proposed resolutions were unanimously passed by shareholders. The resolutions included adopting the company’s financial statements, re-electing directors, re-appointing the auditor, and granting mandates to the directors for share issuance and repurchase. This unanimous approval reflects strong shareholder confidence and supports the company’s strategic initiatives.

Mulsanne Group Holding Limited Announces 2025 AGM and Key Resolutions

Mulsanne Group Holding Limited has announced its upcoming annual general meeting (AGM) to be held on June 5, 2025, in Ningbo, Zhejiang Province, China. Key agenda items include the adoption of the audited financial statements for the year ending December 31, 2024, the re-election of three non-executive directors, and the re-appointment of Ernst & Young as the company’s auditor. Additionally, resolutions will be considered to authorize the board to manage share allotments and related financial instruments, which could impact the company’s capital structure and shareholder value.