Man Wah Holdings (1999) AI Stock Analysis

• Market Cap: $16.83B
• Dividend Yield: 5.53%
• Average Volume (3M): 5.52M
• Price to Earnings (P/E): 8.2
• Beta (1Y): 1.32
• Revenue Growth: -8.19%
• EPS Growth: -9.98%
• Country: HK
• Employees: 27,246
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.24
• Shares Outstanding: 3,878,083,300
• 10 Day Avg. Volume: 6,317,835
• 30 Day Avg. Volume: 5,523,977
• PEG Ratio: 0.45
• Price to Book (P/B): 1.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.34
• 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: $4.63
• Price Target Upside: 7.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: ―

Man Wah Holdings scores well due to its stable financial performance and attractive valuation, providing a strong foundation for future growth. The technical indicators are generally positive but indicate caution due to potential overbought conditions.

Man Wah Holdings Business Overview & Revenue Model

Company Description

Man Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally. The company operates through Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business segments. It offers mattresses, smart furniture spare parts, and metal mechanism for recliners. The company is also involved in the production and sale of chairs and other products to high-speed railways, cinema chains, and other commercial customers; advertising and marketing of home furnishing products; property investment business; operation, leasing, and management of furniture malls; manufacturing and trading of bedding products, other furniture, and furniture components, as well as foam products; and research and production of smart drive machines and electric regulators. In addition, it offers property management and development services; offshore sales, business consultancy, and back-office support services; business management, advertising, and design services; and marketing, logistics, and warehousing services. The company also operates hotel; and sells residential properties. As of March 31, 2022, it had a total of 5,968 brand stores in China. The company was founded in 1992 and is based in Fo Tan, Hong Kong. Man Wah Holdings Limited is a subsidiary of Man Wah Investments Limited.

How the Company Makes Money

Man Wah Holdings generates revenue primarily through the manufacturing and sale of its furniture products. The company's key revenue streams include direct sales to retailers, wholesalers, and distributors, along with its own retail operations. Man Wah leverages a vertically integrated business model, controlling various stages of production from design to delivery, which helps in maintaining quality and cost efficiency. Additionally, the company engages in strategic partnerships and collaborations with other brands and retailers to expand its market reach. Factors contributing to its earnings include its extensive global distribution network, continuous product innovation, and a focus on customer demand trends.

Man Wah Holdings Financial Statement Overview

Summary

Man Wah Holdings has a stable financial position with healthy profitability margins and a conservative approach to leverage. While revenue has declined, the company maintains operational efficiency and a strong balance sheet. Continued focus on revenue growth will be crucial.

Income Statement

Man Wah Holdings has shown fluctuating revenue trends with a recent decline in total revenue for the year ending March 2025. The gross profit margin remains healthy at approximately 40.5%, indicating effective cost management. However, the net profit margin decreased slightly from previous years, and revenue growth has been negative, which could be concerning. Overall, the company maintains solid profitability with room for improvement in revenue growth.

Balance Sheet

The company's balance sheet is strong, with a debt-to-equity ratio of approximately 0.35, indicating a conservative approach to leverage. The equity ratio is robust at around 63.5%, suggesting financial stability. Return on equity, while positive, has seen a slight decline, reflecting the decrease in net income. Overall, Man Wah Holdings maintains a solid balance sheet with a good equity base and manageable debt levels.

Cash Flow

The cash flow position is stable, with a significant increase in free cash flow due to reduced capital expenditures. The operating cash flow to net income ratio remains strong, indicating efficient cash generation from operations. However, there has been variability in free cash flow growth, reflecting fluctuations in capital expenditures. Overall, the cash flow situation is positive, with a strong focus on operational efficiency.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	18.41B	16.90B	18.41B	17.35B	21.50B	16.43B
Gross Profit	7.25B	6.84B	7.25B	6.68B	7.89B	5.93B
EBITDA	3.63B	3.36B	3.64B	3.00B	3.57B	2.68B
Net Income	1.96B	2.06B	2.30B	1.91B	2.25B	1.92B
Balance Sheet
Total Assets	19.81B	20.02B	19.81B	19.64B	20.52B	17.44B
Cash, Cash Equivalents and Short-Term Investments	3.52B	4.08B	3.52B	4.09B	3.22B	3.68B
Total Debt	4.33B	4.39B	4.33B	4.40B	4.61B	3.64B
Total Liabilities	6.73B	6.37B	6.73B	7.11B	7.77B	6.03B
Stockholders Equity	12.08B	12.71B	12.08B	11.56B	11.71B	10.74B
Cash Flow
Free Cash Flow	1.32B	2.28B	985.45M	2.50B	363.28M	655.85M
Operating Cash Flow	2.55B	3.32B	2.55B	4.06B	2.32B	1.92B
Investing Cash Flow	-1.54B	-1.55B	-1.54B	-1.59B	-995.57M	-2.73B
Financing Cash Flow	-1.29B	-1.50B	-1.28B	-1.41B	-956.19M	1.11B

Man Wah Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1999, the sentiment is Positive. The current price of 4.32 is above the 20-day moving average (MA) of 4.12, above the 50-day MA of 4.11, and below the 200-day MA of 4.50, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 64.64 is Neutral, neither overbought nor oversold. The STOCH value of 63.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1999.

Man Wah Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1999	70 Outperform	$16.83B	8.16	16.66%	5.53%	-8.19%	-9.98%
1418	69 Neutral	HK$481.25M	3.49	14.54%	9.45%	13.36%	120.39%
Sector *	56 Neutral	HK$24.58B	3.79	-2.03%	6.58%	-0.32%	-67.68%
0396	51 Neutral	HK$80.00M	5.11	19.25%	―	20.86%	―
1198	42 Neutral	HK$779.57M	―		3.85%	―	―
1575	42 Neutral	HK$170.88M	―		―	-37.59%	-244.66%
2127	41 Neutral	HK$76.58M	―	-38.40%	―	-72.73%	-764.81%

Man Wah Holdings Corporate Events

Man Wah Holdings Announces AGM Results and Strategic Appointments

Man Wah Holdings Limited announced that all resolutions proposed at their Annual General Meeting on June 30, 2025, were approved by shareholders. Key outcomes include the re-election of Mr. Alan Marnie as an executive director, the re-election of Mr. Yang Siu Shun as an independent non-executive director, and the appointment of Mr. Lam Yin Shing, Donald as an independent non-executive director. The company also declared a final dividend of HK12 cents per share and granted mandates to directors for issuing and repurchasing shares. These decisions reflect the company’s strategic direction and commitment to maintaining strong governance, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.

Man Wah Holdings Updates Board Composition and Roles

Man Wah Holdings Limited has announced the composition of its board of directors and the roles they will serve in various committees. This update reflects the company’s commitment to maintaining a structured governance framework, which is crucial for its strategic decision-making and operational oversight.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.

Man Wah Holdings Announces Annual General Meeting and Key Resolutions

Man Wah Holdings Limited has announced its upcoming annual general meeting scheduled for June 30, 2025, where key resolutions will be discussed. These include adopting financial reports, declaring a final dividend, re-electing directors, appointing a new independent non-executive director, and re-appointing auditors. The company also seeks approval for a mandate to issue additional shares, which could impact its capital structure and shareholder value.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.

Man Wah Holdings Announces Board Changes with New Director Appointment

Man Wah Holdings Limited has announced a proposed change in its board composition, with Mr. Kan Chung Nin retiring as an independent non-executive director and member of several board committees. The company plans to appoint Mr. Lam Yin Shing, Donald as his successor, subject to shareholder approval at the upcoming AGM. Mr. Lam brings extensive experience from the banking industry, having held significant roles at Hang Seng Bank and HSBC. His appointment is expected to enhance the company’s strategic direction and governance, potentially impacting its operations and market positioning positively.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$9.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.

Man Wah Holdings Reports FY2025 Financial Results

Man Wah Holdings Limited announced its audited financial results for the year ended 31 March 2025, reporting a decline in revenue from HK$18,411,197,000 in 2024 to HK$16,902,634,000 in 2025. Despite the decrease in revenue, the company achieved a total comprehensive income of HK$1,857,918,000, reflecting a slight improvement from the previous year. The results indicate challenges in maintaining revenue levels, yet the company managed to sustain profitability, which may impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:1999) stock is a Buy with a HK$8.00 price target. To see the full list of analyst forecasts on Man Wah Holdings stock, see the HK:1999 Stock Forecast page.