Nameson Holdings Ltd. (1982) AI Stock Analysis

• Market Cap: HK$2.62B
• Dividend Yield: 12.14%
• Average Volume (3M): 1.33M
• Price to Earnings (P/E): 1.5
• Beta (1Y): 0.16
• Revenue Growth: -0.95%
• EPS Growth: 2.58%
• Country: HK
• Employees: 16,300
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.15
• Shares Outstanding: 2,279,392,000
• 10 Day Avg. Volume: 2,928,400
• 30 Day Avg. Volume: 1,330,733
• PEG Ratio: -0.89
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.44
• P/FCF Ratio: -58.73
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: HK$1.00 ▼(-4.76% Downside)
• Action: Reiterated Date: 11/25/25
• Date: Action: Reiterated 11/25/25

The overall stock score for Nameson Holdings Ltd. is driven by its attractive valuation, with a low P/E ratio and high dividend yield. However, financial performance concerns, particularly negative cash flow and declining profitability, weigh heavily on the score. Technical analysis indicates potential overbought conditions, suggesting caution.

Positive Factors

Stable gross margins

Stable gross margins indicate consistent cost control and manufacturing efficiency, supporting sustainable unit economics. Over a 2–6 month horizon this provides a durable earnings buffer against revenue volatility, helping protect operating margins during sector headwinds.

Improving leverage management

An improving debt-to-equity profile signals stronger leverage management and greater financial flexibility. This reduces refinancing risk, frees capacity for strategic capex or working capital needs, and strengthens resilience to cyclical downturns in the apparel manufacturing cycle.

Low business volatility (Beta)

A low beta (~0.16) implies weaker correlation with market swings and more predictable operating performance. For a manufacturer this suggests steadier revenue and cashflow patterns, enabling longer-term planning, consistent supplier relationships, and more reliable capital allocation decisions.

Negative Factors

Negative free cash flow

Persistently negative free cash flow and weak conversion of earnings to cash signal potential liquidity stress. Over months this can force reliance on external financing, constrain capex or working capital, and increase risk to dividends and investment in competitive initiatives.

Sharp revenue decline

An almost -95% revenue growth rate indicates severe top-line contraction that erodes scale advantages and bargaining power. Sustained revenue decline undermines fixed-cost coverage and margin leverage, threatening profitability and long-term viability without clear demand recovery.

Falling profitability margins

Declining net, EBIT and EBITDA margins point to rising cost pressure or weaker pricing power. Persistent margin erosion compresses free cash flow, limits reinvestment capacity and strategic flexibility, and increases vulnerability to input-cost inflation or further demand weakness.

Nameson Holdings Ltd. Business Overview & Revenue Model

Company Description

Nameson Holdings Limited, an investment holding company, designs, manufactures, and sells knitwear products. The company offers women's wear and men's wear products; and other products, such as cashmere yarns, knitted uppers for footwear, children's wear, scarfs, hats, and gloves. It provides its products to apparel brands in Japan, North America, Europe, Mainland China, and internationally. The company was founded in 1990 and is headquartered in Tai Po, Hong Kong. Nameson Holdings Limited is a subsidiary of Nameson Investments Limited.

How the Company Makes Money

Nameson Holdings Ltd. generates revenue through multiple streams, including sales from its manufacturing division, rental income from its real estate assets, and profits from investments in technology ventures. The company capitalizes on strategic partnerships with key industry players, allowing it to expand its market reach and enhance its product offerings. Additionally, Nameson Holdings benefits from economies of scale in its manufacturing processes and a strong portfolio of intellectual property that contributes to its overall profitability. The combination of these factors positions the company for sustained financial growth.

Nameson Holdings Ltd. Financial Statement Overview

Summary

Nameson Holdings Ltd. shows stable gross margins and a reasonable debt-to-equity ratio. However, declining revenue growth and profitability margins, along with negative free cash flow, indicate potential liquidity constraints and financial instability.

Income Statement

Nameson Holdings Ltd. has shown a mixed performance in its income statement. The gross profit margin has been relatively stable, indicating consistent cost management. However, the net profit margin has decreased slightly, reflecting some pressure on profitability. Revenue growth has been negative in recent years, which is a concern for future earnings potential. The EBIT and EBITDA margins have also seen a slight decline, suggesting challenges in maintaining operational efficiency.

Balance Sheet

The balance sheet of Nameson Holdings Ltd. shows a moderate debt-to-equity ratio, which has improved over the years, indicating better leverage management. The return on equity is healthy, reflecting efficient use of shareholder funds. However, the equity ratio suggests that a significant portion of the company's assets is financed by debt, which could pose risks if market conditions worsen.

Cash Flow

The cash flow statement reveals some challenges for Nameson Holdings Ltd. The free cash flow has been negative recently, indicating potential liquidity issues. The operating cash flow to net income ratio is low, suggesting that the company might struggle to convert its earnings into cash. The free cash flow to net income ratio has also been negative, highlighting potential difficulties in sustaining operations without external financing.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	4.40B	4.35B	4.38B	4.60B	4.04B	3.85B
Gross Profit	839.56M	781.82M	774.24M	726.63M	686.34M	681.23M
EBITDA	724.02M	698.47M	723.08M	482.55M	568.24M	586.51M
Net Income	378.37M	342.33M	361.67M	134.84M	263.30M	313.68M
Balance Sheet
Total Assets	5.21B	4.78B	4.45B	4.43B	4.81B	4.66B
Cash, Cash Equivalents and Short-Term Investments	613.57M	430.82M	717.40M	717.03M	610.72M	793.20M
Total Debt	1.28B	1.10B	974.36M	1.10B	1.32B	1.52B
Total Liabilities	2.33B	2.14B	1.85B	1.95B	2.21B	2.24B
Stockholders Equity	2.63B	2.37B	2.38B	2.28B	2.41B	2.24B
Cash Flow
Free Cash Flow	142.18M	-32.60M	366.69M	527.68M	96.39M	573.74M
Operating Cash Flow	382.32M	222.94M	582.95M	603.34M	246.64M	852.20M
Investing Cash Flow	-254.03M	-238.31M	-145.06M	-6.79M	-91.11M	-215.64M
Financing Cash Flow	-90.37M	-272.11M	-435.92M	-487.04M	-339.68M	-566.66M

Nameson Holdings Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1982, the sentiment is Positive. The current price of 1.05 is below the 20-day moving average (MA) of 1.10, below the 50-day MA of 1.07, and above the 200-day MA of 0.87, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 63.87 is Neutral, neither overbought nor oversold. The STOCH value of 59.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1982.

Nameson Holdings Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2199	67 Neutral	HK$2.90B	4.54	8.10%	4.00%	3.40%	151.24%
1982	64 Neutral	HK$2.62B	1.52	14.74%	12.14%	-0.95%	2.58%
2368	63 Neutral	HK$1.95B	2.63	12.21%	7.98%	13.52%	4.95%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
0321	60 Neutral	HK$1.63B	2.40	2.58%	9.71%	-7.47%	-33.28%
1382	59 Neutral	HK$1.76B	6.53	4.73%	8.06%	-2.44%	-5.98%

Nameson Holdings Ltd. Corporate Events

Nameson reshapes board and key committees ahead of 2026

Nameson Holdings Limited has announced changes to its board composition and board committee memberships effective 1 January 2026. The reconstituted board will comprise four executive directors, led by Chairman Mr. Wong Wai Yue and Chief Executive Officer Mr. Man Yu Hin, and four independent non-executive directors, including Ms. Fan Chiu Fun, Fanny, Mr. Sun Po Yuen, Mr. Fan Chun Wah, Andrew and Mr. Ip Shu Kwan, Stephen. The company also reshuffled the leadership and membership of its four key board committees — Audit, Remuneration, Nomination and Executive — with Mr. Sun Po Yuen taking the chair of the Audit Committee, Mr. Fan Chun Wah, Andrew chairing the Remuneration Committee, and Mr. Wong Wai Yue chairing both the Nomination and Executive Committees, reflecting an updated governance structure as the group enters 2026.

The most recent analyst rating on (HK:1982) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Nameson Holdings Ltd. stock, see the HK:1982 Stock Forecast page.