tiprankstipranks
Trending News
More News >
Evergreen Products Group Ltd. (HK:1962)
:1962
Hong Kong Market

Evergreen Products Group Ltd. (1962) AI Stock Analysis

Compare
0 Followers

Top Page

HK

Evergreen Products Group Ltd.

(1962)

Rating:73Outperform
Price Target:
HK$0.50
▼(-9.09%Downside)
Evergreen Products Group Ltd. scores well due to its strong valuation with a low P/E ratio and high dividend yield. Positive technical indicators also support the score, showing bullish trends. However, financial performance is moderate due to declining net income and cash flow challenges.

Evergreen Products Group Ltd. (1962) vs. iShares MSCI Hong Kong ETF (EWH)

Evergreen Products Group Ltd. Business Overview & Revenue Model

Company DescriptionEvergreen Products Group Limited, an investment holding company, designs, manufactures, trades in, and sells hair products in the United States, the People's Republic of China, the United Kingdom, Japan, Germany, and internationally. The company offers fashion wigs, including long, medium and short, and half wigs; lace wigs, such as lace front, parting, braided, and 4x4 lace wigs; hairpieces and accessories comprising Melrose clips, drawstrings, domes/buns, and head band pieces; hair extensions and weaving products; men's wigs and toupees; Halloween wigs; costumes; moustaches and beards; and doll wigs. It is also involved in the technological development of hair products; property investment and holding activities; trading of hair products through internet; carton business; and export and impor of hair products. The company was founded in 1962 and is headquartered in Kwai Chung, Hong Kong. Evergreen Products Group Limited is a subsidiary of Evergreen Enterprise Holdings Limited.
How the Company Makes MoneyEvergreen Products Group Ltd. generates revenue primarily through the sale of its diverse range of hair products. The company operates via multiple sales channels, including direct sales to consumers, wholesale distribution to retailers, and partnerships with beauty salons and clinics. Its revenue model is bolstered by its strong distribution network and strategic partnerships with key players in the beauty and healthcare sectors. The company's earnings are further enhanced by its focus on innovation and quality, allowing it to maintain a competitive edge and attract a loyal customer base globally.

Evergreen Products Group Ltd. Financial Statement Overview

Summary
Evergreen Products Group Ltd. demonstrates stable revenue and operational performance. However, declining net income and significant cash flow issues present concerns. The balance sheet is strong with a solid equity position, but leverage has increased.
Income Statement
65
Positive
The company experienced a slight increase in total revenue in 2024 compared to 2023, reflecting moderate revenue growth. Gross Profit Margin improved slightly, indicating efficient cost management. However, the Net Profit Margin decreased due to a decline in net income. The EBIT and EBITDA margins were relatively stable, showing consistent operational performance.
Balance Sheet
70
Positive
Evergreen Products Group Ltd. maintains a strong equity position with an Equity Ratio of over 50%, indicating financial stability. The Debt-to-Equity Ratio remains manageable, though slightly increased from previous years, reflecting moderate leverage. Return on Equity (ROE) declined as net income fell, impacting shareholder returns.
Cash Flow
50
Neutral
The company's free cash flow dropped significantly in 2024, raising concerns about cash generation. Operating Cash Flow to Net Income Ratio was not calculable due to zero operating cash flow, highlighting potential cash flow management issues. The absence of free cash flow data in 2024 suggests challenges in capital expenditure and cash management.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
1.02B979.24M1.10B1.21B890.20M
Gross Profit
243.54M233.23M257.10M248.81M152.66M
EBIT
82.71M81.06M97.36M83.65M22.32M
EBITDA
129.34M140.78M106.23M122.35M46.12M
Net Income Common Stockholders
39.92M51.01M66.29M54.07M-17.98M
Balance SheetCash, Cash Equivalents and Short-Term Investments
115.71M90.58M78.61M68.44M70.23M
Total Assets
1.53B1.63B1.57B1.72B1.76B
Total Debt
572.36M615.00M549.90M670.64M783.28M
Net Debt
456.65M524.42M471.29M602.19M713.05M
Total Liabilities
739.71M786.47M682.49M794.28M884.24M
Stockholders Equity
800.14M851.63M896.41M917.79M872.25M
Cash FlowFree Cash Flow
364.68M356.93M394.82M244.57M56.54M
Operating Cash Flow
356.31M384.18M421.59M270.18M79.26M
Investing Cash Flow
13.42M-26.64M-38.50M-14.74M-42.70M
Financing Cash Flow
-378.34M-342.89M-368.40M-258.17M-4.05M

Evergreen Products Group Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.55
Price Trends
50DMA
0.50
Positive
100DMA
0.49
Positive
200DMA
0.50
Positive
Market Momentum
MACD
0.01
Positive
RSI
53.33
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1962, the sentiment is Positive. The current price of 0.55 is below the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.50, and above the 200-day MA of 0.50, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1962.

Evergreen Products Group Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
HK$349.70M9.004.83%10.18%3.79%-18.75%
63
Neutral
$6.98B11.412.80%4.24%2.68%-24.94%
$1.09B43.866.48%1.69%
$3.12B-11.91%
$1.12B8.3014.96%10.79%
75
Outperform
HK$6.74B4.0317.58%5.97%-3.45%20.63%
46
Neutral
HK$417.77M-7.76%4.07%-9.63%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1962
Evergreen Products Group Ltd.
0.55
0.14
34.15%
FSHUF
Fu Shou Yuan International Group
1.00
0.51
104.08%
GCPEF
GCL-Poly Energy Holdings
0.11
-0.05
-31.25%
LJUIF
SSY Group
0.38
-0.18
-32.14%
HK:1866
China XLX Fertiliser Ltd.
5.75
1.93
50.52%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.28
-0.02
-6.67%

Evergreen Products Group Ltd. Corporate Events

Evergreen Products Group Updates Nomination Committee Composition
Jun 5, 2025

Evergreen Products Group Limited has announced a change in the composition of its Nomination Committee, effective from June 5, 2025. Ms. Jia Ziying, an executive director, has been appointed as a member of the committee, which now consists of five members. This change reflects the company’s ongoing efforts to strengthen its governance and leadership structure.

Evergreen Products Group Announces Board Composition and Committee Roles
Jun 5, 2025

Evergreen Products Group Limited has announced the composition of its board of directors and their respective roles within the company. The board includes executive directors, non-executive directors, and independent non-executive directors, with Mr. Chang Yoe Chong Felix serving as the Chairman and CEO. The company has also established three committees: Audit, Remuneration, and Nomination, with specific directors assigned as members or chairpersons of these committees. This announcement outlines the governance structure of Evergreen Products Group, which is crucial for stakeholders to understand the leadership and decision-making framework within the company.

Evergreen Products Group Forms Nomination Committee to Enhance Board Structure
Jun 5, 2025

Evergreen Products Group Limited has established a Nomination Committee to oversee the structure of its Board of Directors. The committee, which will consist of at least three members with a majority being independent non-executive directors, is tasked with regularly reviewing and recommending changes to the Board’s structure. This move is aimed at enhancing the governance and operational efficiency of the company.

Evergreen Products Group Ltd. AGM Resolutions Unanimously Approved
May 14, 2025

Evergreen Products Group Limited announced the results of its Annual General Meeting held on May 14, 2025, where all proposed resolutions were unanimously approved. Key decisions included the adoption of the company’s financial statements, the declaration of a final dividend, the re-election of directors, and the appointment of Forvis Mazars CPA Limited as auditors. The meeting also granted the board a mandate to repurchase shares, reflecting strong shareholder support and potentially enhancing shareholder value.

Evergreen Products Group Ltd. Announces AGM and Share Repurchase Plan
Apr 16, 2025

Evergreen Products Group Ltd. has announced its upcoming Annual General Meeting scheduled for May 14, 2025, where key resolutions will be discussed, including the adoption of financial statements, declaration of a final dividend, re-election of directors, and the appointment of auditors. Additionally, the company seeks approval for a share repurchase program, allowing the repurchase of up to 10% of its issued shares, which could potentially impact shareholder value and market perception.

Evergreen Products Group Proposes Auditor Change
Apr 14, 2025

Evergreen Products Group Limited has announced a proposed change of auditor, with Deloitte Touche Tohmatsu set to retire following the upcoming annual general meeting. The company plans to appoint Forvis Mazars CPA Limited as the new auditor, citing benefits such as maintaining independence and objectivity, which align with good corporate governance practices. The decision is supported by the Audit Committee and the Board, who have assessed Forvis Mazars’ experience, resources, and reputation as suitable for the role.

Evergreen Products Clarifies Annual Results and Dividend Announcement
Mar 26, 2025

Evergreen Products Group Limited issued a clarification announcement regarding clerical errors in their annual results for the year ended December 31, 2024. The gross profit for wigs and hair accessories increased by HK$4.1 million, maintaining a stable gross profit margin of 22.6%. The Board recommended a final dividend of HK2.8 cents per share, slightly reduced from the previous year, pending shareholder approval.

Evergreen Products Group Limited Reports 2024 Financial Results
Mar 21, 2025

Evergreen Products Group Limited reported its annual financial results for the year ending December 31, 2024, showing a revenue increase of 3.8% to HK$1,016.4 million. Despite the revenue growth, the company experienced a decline in net profit by 17.6% to HK$39.7 million, attributed to higher administrative expenses and finance costs. The gross profit margin slightly improved to 24.0%, while the gearing ratio decreased marginally to 72.1%. The board recommended a final dividend of HK2.8 cents per share, contributing to a total dividend payout ratio of 95.1%. The results indicate a challenging year with increased expenses impacting profitability, though the company maintained a stable dividend payout.

Evergreen Products Group Ltd. Announces Final Dividend for 2024
Mar 21, 2025

Evergreen Products Group Ltd. has announced a final cash dividend of HKD 0.028 per share for the financial year ending 31 December 2024. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders. The ex-dividend date is set for 19 May 2025, with the payment date scheduled for 03 June 2025.

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.