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Evergreen Products Group Ltd. (HK:1962)
:1962
Hong Kong Market
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Evergreen Products Group Ltd. (1962) AI Stock Analysis

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HK:1962

Evergreen Products Group Ltd.

(1962)

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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
HK$0.52
▲(13.48% Upside)
Action:UpgradedDate:04/18/26
The score is driven primarily by solid fundamentals (notably strong free-cash-flow conversion and renewed revenue growth) and supportive valuation (low P/E and high dividend yield). These positives are tempered by weakening profitability/returns and currently soft technical momentum.
Positive Factors
High free cash flow conversion
Consistently converting ~90%+ of net income into free cash flow indicates high earnings quality and durable internal funding. This supports sustainable dividend capacity, reinvestment or debt reduction and provides a long-term buffer against profit volatility.
Negative Factors
Net margin erosion
A persistent fall in net margin to ~2.9% reduces retained earnings and economic resilience. Even with revenue growth, compressed bottom-line margins weaken the company’s ability to fund growth, maintain payouts, or absorb cyclical shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High free cash flow conversion
Consistently converting ~90%+ of net income into free cash flow indicates high earnings quality and durable internal funding. This supports sustainable dividend capacity, reinvestment or debt reduction and provides a long-term buffer against profit volatility.
Read all positive factors

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

Evergreen Products Group Ltd. Business Overview & Revenue Model

Company Description
Evergreen 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 o...

Evergreen Products Group Ltd. Financial Statement Overview

Summary
Revenue rebounded in 2024–2025 (+9.1% in 2025) and free cash flow remains consistently strong with ~90%+ conversion of net income. Offsetting this, profitability has weakened (net margin down to ~2.9% in 2025) and ROE has trended lower (~3.9% in 2025), with leverage slightly higher versus 2022.
Income Statement
67
Positive
Balance Sheet
63
Positive
Cash Flow
74
Positive
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.04B1.02B979.24M1.10B1.21B
Gross Profit243.30M243.54M233.23M257.10M248.81M
EBITDA109.98M129.34M140.78M106.23M122.35M
Net Income30.68M39.92M51.01M66.29M54.07M
Balance Sheet
Total Assets1.58B1.53B1.63B1.57B1.72B
Cash, Cash Equivalents and Short-Term Investments157.68M115.71M90.58M78.61M68.44M
Total Debt602.28M572.36M615.00M549.90M670.64M
Total Liabilities805.58M739.71M786.47M682.49M794.28M
Stockholders Equity779.32M800.14M851.63M896.41M917.79M
Cash Flow
Free Cash Flow294.58M364.68M356.93M394.82M244.57M
Operating Cash Flow322.33M393.65M384.18M421.59M270.18M
Investing Cash Flow-18.36M13.42M-26.29M-38.50M-14.74M
Financing Cash Flow-320.94M-378.34M-342.89M-368.40M-234.50M

Evergreen Products Group Ltd. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.46
Price Trends
50DMA
0.47
Negative
100DMA
0.47
Negative
200DMA
0.47
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
50.80
Neutral
STOCH
70.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1962, the sentiment is Neutral. The current price of 0.46 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.47, and below the 200-day MA of 0.47, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.80 is Neutral, neither overbought nor oversold. The STOCH value of 70.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1962.

Evergreen Products Group Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
HK$518.45M11.456.48%8.33%-11.73%-69.83%
73
Outperform
HK$367.40M3.0320.13%-1.25%-36.93%
72
Outperform
HK$289.30M9.713.92%10.32%2.75%-21.60%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
55
Neutral
HK$363.93M6.4510.20%23.29%9.11%
52
Neutral
HK$91.71M27.022.58%8.10%-36.36%
40
Underperform
HK$139.75M-5.88-27.00%10.42%11.14%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1962
Evergreen Products Group Ltd.
0.46
-0.02
-3.60%
HK:1338
BaWang International (Group) Holding Limited
0.03
-0.03
-51.67%
HK:1925
Kwung's Holdings Limited
1.29
0.06
4.88%
HK:2023
China Ludao Technology Co. Ltd.
0.76
-0.10
-11.63%
HK:6893
Hin Sang Group (International) Holding Co. Ltd.
0.10
-0.08
-45.00%
HK:8512
Hyfusin Group Holdings Ltd.
0.40
0.10
33.33%

Evergreen Products Group Ltd. Corporate Events

Evergreen Products Sets 2026 AGM to Approve Dividend, Board Changes and Buyback Mandate
Apr 13, 2026
Evergreen Products Group Limited has convened its annual general meeting for 15 May 2026 in Hong Kong, where shareholders will review and adopt the audited consolidated financial statements for the year ended 31 December 2025 and consider a propos...
Evergreen Products Moves to Modernize Articles for Paperless, Electronic Regime
Mar 24, 2026
Evergreen Products Group Limited plans to overhaul its constitutional documents by replacing its existing memorandum and articles of association with a fifth amended and restated version. The move is intended to align the company’s governanc...
Evergreen Products Group Grows Revenue but Sees Profit Slide as Margins Tighten
Mar 24, 2026
Evergreen Products Group reported revenue of HK$1,044.3 million for 2025, a modest 2.7% increase from 2024, while gross profit margin slipped to 23.3% and net profit fell 22.6% to HK$30.8 million, reflecting pressure on profitability. Basic earnin...
Evergreen Products Group Declares Final 2025 Dividend of HKD 0.027 Per Share
Mar 24, 2026
Evergreen Products Group Limited has declared a final ordinary dividend of HKD 0.027 per share for the financial year ended 31 December 2025, payable in Hong Kong dollars subject to shareholder approval. The announcement sets out key dates includi...
Evergreen Products Revamps Independent Board Line-Up Ahead of 2026 AGM
Mar 24, 2026
Evergreen Products Group announced that independent non-executive directors Sin Hendrick M.H. and Szeto Yuk Ting will retire at the conclusion of the 15 May 2026 annual general meeting after each serving nine years, stepping down from their roles ...
Evergreen Products Group Sets March 2026 Board Meeting to Approve 2025 Results and Consider Final Dividend
Mar 13, 2026
Evergreen Products Group has scheduled a board meeting for 24 March 2026 to review and approve the annual results of the company and its subsidiaries for the financial year ended 31 December 2025. The board will also consider the potential payment...
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.Date of analysis: Apr 18, 2026