Man Wah Holdings Limited (HK:1999)
:1999
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Man Wah Holdings
(1999)
Select Model
Select Model
Rating:71Outperform
Price Target:
HK$5.00
▲(5.26% Upside)
Action:ReiteratedDate:12/20/25
Man Wah Holdings earns an overall score of 71, driven primarily by strong financial performance with solid profitability and a robust balance sheet, alongside an attractive valuation with a low P/E ratio of 8.901 and high dividend yield of 5.68%. However, concerns over declining revenue, free cash flow volatility, and mixed technical signals with weakening momentum temper the outlook. The score reflects a stable investment with growth challenges to monitor.
Positive Factors
Strong Profitability Margins
Healthy profit margins indicate effective cost management and pricing power, which are crucial for sustaining long-term profitability and competitiveness.
Negative Factors
Decline in Revenue
A decline in revenue can signal challenges in market demand or competitive pressures, potentially impacting future growth and profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability Margins
Healthy profit margins indicate effective cost management and pricing power, which are crucial for sustaining long-term profitability and competitiveness.
Read all positive factors
Man Wah Holdings (1999) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$17.02B
Dividend Yield5.53%
Average Volume (3M)5.49M
Price to Earnings (P/E)3.6
Beta (1Y)1.27
Revenue Growth-6.39%
EPS Growth-10.18%
CountryHK
Employees27,246
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)0.29
Shares Outstanding3,878,083,300
10 Day Avg. Volume5,835,650
30 Day Avg. Volume5,486,657
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.37
Price to Sales (P/S)1.03
P/FCF Ratio7.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.00Price Target Upside26.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.57
Revenue Forecast (FY)HK$16.97B
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 op...
How the Company Makes Money
Man Wah Holdings generates revenue through the production and sale of upholstered furniture, with its primary revenue streams coming from the wholesale distribution of its products to retailers and direct sales through its own retail outlets. The ...
Man Wah Holdings Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.64B | 16.90B | 18.41B | 17.35B | 21.50B | 16.43B |
| Gross Profit | 6.81B | 6.84B | 7.25B | 6.68B | 7.89B | 5.93B |
| EBITDA | 3.39B | 3.36B | 3.64B | 3.00B | 3.57B | 2.68B |
| Net Income | 2.07B | 2.06B | 2.30B | 1.91B | 2.25B | 1.92B |
Balance Sheet | ||||||
| Total Assets | 20.99B | 20.02B | 19.81B | 19.64B | 20.52B | 17.44B |
| Cash, Cash Equivalents and Short-Term Investments | 3.95B | 4.08B | 3.52B | 4.09B | 3.22B | 3.68B |
| Total Debt | 4.12B | 4.39B | 4.33B | 4.40B | 4.61B | 3.64B |
| Total Liabilities | 6.33B | 6.37B | 6.73B | 7.11B | 7.77B | 6.03B |
| Stockholders Equity | 13.65B | 12.71B | 12.08B | 11.56B | 11.71B | 10.74B |
Cash Flow | ||||||
| Free Cash Flow | 1.93B | 2.28B | 985.45M | 2.50B | 363.28M | 655.85M |
| Operating Cash Flow | 3.42B | 3.32B | 2.55B | 4.06B | 2.32B | 1.92B |
| Investing Cash Flow | -863.62M | -1.55B | -1.54B | -1.59B | -995.57M | -2.73B |
| Financing Cash Flow | -2.11B | -1.50B | -1.28B | -1.41B | -956.19M | 1.11B |
Man Wah Holdings Technical Analysis
Negative
4.75
Price Trends
4.70
Negative
4.69
Negative
4.53
Negative
Market Momentum
-0.11
Positive
41.80
Neutral
34.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1999, the sentiment is Negative. The current price of 4.75 is above the 20-day moving average (MA) of 4.46, above the 50-day MA of 4.70, and above the 200-day MA of 4.53, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 41.80 is Neutral, neither overbought nor oversold. The STOCH value of 34.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1999.
Man Wah Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$330.75M | 6.76 | 6.01% | 7.76% | -1.05% | -2.97% | |
71 Outperform | HK$17.02B | 3.65 | 15.70% | 5.53% | -6.39% | -10.18% | |
69 Neutral | HK$451.19M | 10.15 | 7.55% | 12.90% | -12.47% | -26.29% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
44 Neutral | HK$183.18M | -2.52 | -11.99% | 31.48% | 4.60% | -9.42% | |
39 Underperform | HK$219.48M | -1.29 | 10.31% | ― | -50.43% | 79.67% | |
39 Underperform | HK$254.66M | -0.60 | -40.16% | ― | ― | ― |
* Consumer Cyclical Sector Average
HK:1999
Man Wah Holdings
4.39
1.02
30.23%
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Man Wah Holdings Corporate Events
Man Wah Details US Acquisition Premium and Strategic Rationale
Dec 24, 2025
Man Wah Holdings has provided additional details on its acquisition of 100% interest in Gainline Recline Intermediate Corp., clarifying that the seller is an investment vehicle of Gainline Equity Fund, a US$1.7 billion assets-under-management priv...
Man Wah Buys US Upholstered Furniture Maker Gainline Recline in US$58.7 Million Deal
Dec 18, 2025
Man Wah Holdings has expanded its US footprint by acquiring 100% of Gainline Recline Intermediate Corp, a US-based upholstered furniture manufacturer and trader, through its indirect wholly owned subsidiary MW USA Manufacturing. The deal values th...
Man Wah Holdings Strengthens Governance with New Nomination Committee Terms
Nov 14, 2025
Man Wah Holdings Limited has outlined the terms of reference for its Nomination Committee, which will be composed of at least three members, primarily independent non-executive directors. The committee’s responsibilities include overseeing t...
Man Wah Holdings Enhances Nomination Committee with New Appointments
Nov 14, 2025
Man Wah Holdings Limited has announced the appointment of Ms. Wong Ying Ying and Mr. Yang Siu Shun to its Nomination Committee, effective from November 14, 2025. This move ensures gender diversity within the committee and maintains a majority of i...
Man Wah Holdings Announces Board Composition and Roles
Nov 14, 2025
Man Wah Holdings Limited has announced the composition of its board of directors, highlighting the roles and functions of each member. The board includes both executive and independent non-executive directors, with specific members serving on the ...
Man Wah Holdings Declares Interim Dividend for 2025
Nov 14, 2025
Man Wah Holdings Limited has announced an interim ordinary cash dividend of HKD 0.15 per share for the six months ending 30 September 2025. This announcement reflects the company’s ongoing financial health and commitment to returning value t...
Man Wah Holdings Reports Stable Interim Results Amid Revenue Dip
Nov 14, 2025
Man Wah Holdings Limited reported its unaudited condensed consolidated interim results for the six months ended 30 September 2025, showing a slight decrease in revenue from the previous year. Despite this, the company achieved a marginal increase ...
Man Wah Holdings Proposes NEEQ Quotation for Subsidiary RMT
Oct 31, 2025
Man Wah Holdings Limited has announced that its subsidiary, Remacro Technology Co., Ltd. (RMT), has submitted an application for a separate quotation on the National Equities Exchange and Quotations (NEEQ). This move is expected to benefit the com...
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.