Evergreen Products Group Ltd. (HK:1962)
:1962
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Evergreen Products Group Ltd.
(1962)
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Rating:72Outperform
Price Target:
HK$0.52
▲(13.48% Upside)
Action:Upgraded
Date: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)
Market Cap
HK$282.46M
Dividend Yield10.32%
Average Volume (3M)57.93K
Price to Earnings (P/E)9.7
Beta (1Y)0.08
Revenue Growth2.75%
EPS Growth-21.60%
CountryHK
Employees21,337
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.04
Shares Outstanding628,046,000
10 Day Avg. Volume88,400
30 Day Avg. Volume57,933
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.38
Price to Sales (P/S)0.29
P/FCF Ratio1.01
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
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
Income Statement
67
Positive
Balance Sheet
63
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.04B | 1.02B | 979.24M | 1.10B | 1.21B |
| Gross Profit | 243.30M | 243.54M | 233.23M | 257.10M | 248.81M |
| EBITDA | 106.82M | 129.34M | 140.78M | 106.23M | 122.35M |
| Net Income | 30.68M | 39.92M | 51.01M | 66.29M | 54.07M |
Balance Sheet | |||||
| Total Assets | 1.58B | 1.53B | 1.63B | 1.57B | 1.72B |
| Cash, Cash Equivalents and Short-Term Investments | 157.68M | 115.71M | 90.58M | 78.61M | 68.44M |
| Total Debt | 602.28M | 572.36M | 615.00M | 549.90M | 670.64M |
| Total Liabilities | 805.58M | 739.71M | 786.47M | 682.49M | 794.28M |
| Stockholders Equity | 779.32M | 800.14M | 851.63M | 896.41M | 917.79M |
Cash Flow | |||||
| Free Cash Flow | 294.58M | 364.68M | 356.93M | 394.82M | 244.57M |
| Operating Cash Flow | 322.33M | 393.65M | 384.18M | 421.59M | 270.18M |
| Investing Cash Flow | -18.36M | 13.42M | -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
Positive
0.46
Price Trends
0.43
Positive
0.45
Positive
0.44
Positive
Market Momentum
<0.01
Negative
60.41
Neutral
22.22
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 0.46 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.43, and above the 200-day MA of 0.44, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 60.41 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 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
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$282.46M | 9.71 | 3.92% | 10.32% | 2.75% | -21.60% | |
70 Outperform | HK$583.07M | 6.62 | 7.43% | 10.87% | -3.14% | -29.66% | |
66 Neutral | HK$16.40B | 11.25 | 42.05% | 2.53% | 35.28% | 41.20% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$28.79B | 11.25 | 11.65% | 5.36% | 1.76% | 10.34% | |
51 Neutral | HK$18.35B | -43.18 | -4.30% | 5.00% | -1.71% | 53.04% | |
48 Neutral | HK$930.98M | 92.73 | -12.38% | ― | 52.36% | ― |
* Consumer Defensive Sector Average
HK:1962
Evergreen Products Group Ltd.
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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.