Mulsanne Group Holding Limited (HK:1817)
:1817
Want to see HK:1817 full AI Analyst Report?
Top Page
Mulsanne Group Holding Limited
(1817)
Select Model
Select Model
Rating:62Neutral
Price Target:
HK$0.26
▼(-13.00% 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 Normalization
The company moved from multi-year losses into consistent profitability through 2022–2025. This structural turnaround reduces existential risk, supports internally funded operations and reinvestment, and provides a durable base for margin improvement and cash generation over the next several quarters.
Negative Factors
Weak Revenue Trend
Sustained flat-to-declining top line limits operating leverage and constrains long-term margin expansion. A structural revenue decline reduces scale advantages, tightens unit economics for retail apparel, and makes earnings sensitive to price competition and cost inflation over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Normalization
The company moved from multi-year losses into consistent profitability through 2022–2025. This structural turnaround reduces existential risk, supports internally funded operations and reinvestment, and provides a durable base for margin improvement and cash generation over the next several quarters.
Read all positive factors
Mulsanne Group Holding Limited (1817) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$233.70M
Dividend YieldN/A
Average Volume (3M)25.48K
Price to Earnings (P/E)7.9
Beta (1Y)-0.16
Revenue Growth-9.35%
EPS Growth3.09%
CountryHK
Employees465
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, 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 un...
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
Negative
0.30
Price Trends
0.27
Negative
0.28
Negative
0.32
Negative
Market Momentum
>-0.01
Positive
34.01
Neutral
24.24
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 0.3 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.27, and below the 200-day MA of 0.32, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.01 is Neutral, neither overbought nor oversold. The STOCH value of 24.24 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$264.00M | 1.94 | 31.30% | ― | -7.26% | ― | |
70 Outperform | HK$91.85M | -4.24 | 4.31% | ― | -1.14% | ― | |
68 Neutral | HK$2.42B | 6.02 | 10.57% | 9.18% | -1.66% | 0.45% | |
62 Neutral | HK$233.70M | 7.90 | 4.46% | ― | -9.35% | 3.09% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$194.06M | -61.61 | -5.53% | 10.75% | -23.76% | -9785.71% | |
42 Neutral | HK$175.51M | -3.72 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
HK:1817
Mulsanne Group Holding Limited
0.25
-0.15
-38.50%
HK:0330
Esprit Holdings
0.62
-0.36
-36.67%
HK:0709
Giordano International
1.50
0.16
12.28%
HK:2528
Forward Fashion (International) Holdings Company Limited
0.66
0.41
164.00%
HK:0375
YGM Trading Limited
1.17
0.33
39.29%
HK:0483
Bauhaus International (Holdings) Ltd.
0.25
0.08
49.70%
Mulsanne Group Holding Limited Corporate Events
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...
Mulsanne Group Lifts Profit on Cost Cuts Despite Revenue Decline in 2025
Mar 26, 2026
Mulsanne Group Holding reported 2025 revenue of RMB2.06 billion, down 9.4% year on year, while net profit inched up 2.3% to RMB31.6 million as lower finance costs and reduced administrative expenses offset softer sales. The company improved the gr...
Mulsanne Reshapes Board with Non-Executive Director Change
Mar 26, 2026
Mulsanne Group Holding Limited announced that non-executive director Mr. Young Christopher will resign from the board with effect from 26 March 2026 so he can devote more time to personal affairs, with the company emphasizing there is no disagreem...
Mulsanne Group Sets Out Board and Committee Structure
Mar 26, 2026
Mulsanne Group Holding Limited has disclosed the current composition of its board of directors, confirming one executive director who is also the chief executive officer, a chairman serving as a non-executive director, several additional non-execu...
Mulsanne Group refreshes board with new independent director after resignation
Mar 20, 2026
Mulsanne Group Holding Limited announced the resignation of independent non-executive director Liao Xiaoxin, who is stepping down from the board and its audit, remuneration, and nomination committees effective 20 March 2026 to focus on personal af...
Mulsanne Group Sets Out Board and Committee Line-Up to Strengthen Governance
Mar 20, 2026
Mulsanne Group Holding Limited has announced the current composition of its board of directors, confirming Yu Yong as the sole executive director and chief executive officer, alongside non-executive chairman Tang Shun Lam and several other non-exe...
Mulsanne Group Sets March Board Meeting to Approve 2025 Results and Final Dividend Plan
Mar 16, 2026
Mulsanne Group Holding Limited has scheduled a board meeting for 26 March 2026 to review and approve the group’s annual results for the financial year ended 31 December 2025. The board will also consider the publication of these results and ...
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.