ManpowerGroup Greater China Limited (HK:2180)
:2180
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ManpowerGroup Greater China Limited
(2180)
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Rating:72Outperform
Price Target:
HK$6.00
▲(15.38% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily supported by very attractive valuation (low P/E and exceptionally high dividend yield) and solid underlying financial stability (low leverage and improved cash flow). Offsetting this are weaker operating trends—most notably the sharp 2025 revenue decline and margin pressure—along with only mixed/neutral technical momentum.
Positive Factors
Strong balance sheet / very low leverage
Very low leverage and a sizable equity base provide durable financial flexibility for a staffing business. This allows the company to absorb cyclical downturns, fund working capital and client programs, support distributions, and invest in service expansion without heavy reliance on external financing.
Negative Factors
Sharp 2025 revenue decline (~22%)
A ~22% revenue drop in 2025 materially weakens the top line and reduces operating leverage for a staffing provider. Sustained lower placements compress gross-profit spreads and can lead to prolonged earnings pressure, making recovery dependent on a durable rebound in client hiring activity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / very low leverage
Very low leverage and a sizable equity base provide durable financial flexibility for a staffing business. This allows the company to absorb cyclical downturns, fund working capital and client programs, support distributions, and invest in service expansion without heavy reliance on external financing.
Read all positive factors
ManpowerGroup Greater China Limited (2180) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.14B
Dividend Yield36.73%
Average Volume (3M)21.18K
Price to Earnings (P/E)6.3
Beta (1Y)0.20
Revenue Growth10.13%
EPS Growth21.65%
CountryHK
Employees1,116
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.52
Shares Outstanding207,505,000
10 Day Avg. Volume20,825
30 Day Avg. Volume21,183
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.92
Price to Sales (P/S)0.14
P/FCF Ratio0.00
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
ManpowerGroup Greater China Limited Business Overview & Revenue Model
Company Description
ManpowerGroup Greater China Limited, an investment holding company, provides workforce solutions and services in the People's Republic of China, Hong Kong, Macau, and Taiwan. The company operates through Workforce Solutions and Other HR Services s...
How the Company Makes Money
The company primarily makes money by providing workforce solutions to client companies and charging fees tied to the hiring and management of workers. Key revenue streams typically include: (1) Temporary/contract staffing: the company supplies ass...
ManpowerGroup Greater China Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.73B | 6.27B | 5.30B | 4.59B | 3.97B |
| Gross Profit | 609.30M | 613.63M | 622.58M | 623.93M | 638.23M |
| EBITDA | 244.33M | 186.50M | 226.96M | 221.72M | 236.85M |
| Net Income | 152.88M | 129.85M | 126.48M | 118.61M | 139.17M |
Balance Sheet | |||||
| Total Assets | 2.45B | 2.55B | 2.14B | 1.93B | 1.99B |
| Cash, Cash Equivalents and Short-Term Investments | 838.33M | 930.05M | 935.14M | 928.14M | 1.05B |
| Total Debt | 34.77M | 35.38M | 39.85M | 55.87M | 44.97M |
| Total Liabilities | 1.26B | 1.18B | 857.65M | 779.07M | 659.78M |
| Stockholders Equity | 1.06B | 1.25B | 1.17B | 1.06B | 1.25B |
Cash Flow | |||||
| Free Cash Flow | 292.48M | 76.49M | 71.13M | 251.43M | 81.20M |
| Operating Cash Flow | 293.68M | 79.88M | 82.26M | 266.24M | 99.83M |
| Investing Cash Flow | 38.02M | 60.75M | -63.52M | 75.22M | 126.41M |
| Financing Cash Flow | -370.15M | -92.36M | -61.70M | -417.31M | -97.83M |
ManpowerGroup Greater China Limited Technical Analysis
Neutral
5.20
Price Trends
5.50
Negative
5.30
Positive
5.04
Positive
Market Momentum
<0.01
Negative
49.96
Neutral
47.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2180, the sentiment is Neutral. The current price of 5.2 is below the 20-day moving average (MA) of 5.38, below the 50-day MA of 5.50, and above the 200-day MA of 5.04, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.96 is Neutral, neither overbought nor oversold. The STOCH value of 47.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:2180.
ManpowerGroup Greater China Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$1.58B | 5.98 | 7.54% | 8.00% | -14.36% | -16.69% | |
72 Outperform | HK$1.14B | 6.33 | 13.42% | 36.73% | 10.13% | 21.65% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | HK$1.31B | 17.02 | 5.63% | ― | ― | ― | |
55 Neutral | HK$483.02M | 52.00 | 1.99% | ― | 2.98% | -14.86% | |
54 Neutral | HK$610.64M | 2.93 | 6.88% | 2.26% | 1.68% | ― |
* Industrials Sector Average
HK:2180
ManpowerGroup Greater China Limited
5.46
2.38
77.27%
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0.74
0.19
34.55%
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China Infrastructure & Logistics Group Ltd.
0.28
-0.27
-49.09%
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1.76
0.00
0.00%
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Tongdao Liepin Group
2.55
-1.09
-29.95%
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Renrui Human Resources Technology Holdings Limited
3.99
0.07
1.79%
ManpowerGroup Greater China Limited Corporate Events
ManpowerGroup Greater China Sets AGM to Approve Dividend, Board Mandates
Apr 24, 2026
ManpowerGroup Greater China Limited has called its annual general meeting for 25 June 2026 in Shanghai, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final dividend of HK...
ManpowerGroup Greater China Grants New RSUs to Strengthen Talent Retention
Apr 8, 2026
ManpowerGroup Greater China Limited has granted a total of 3,187,546 restricted share units under its 2023 RSU Scheme to selected participants, representing about 1.54% of its issued share capital. The awards are intended to recognise the contribu...
ManpowerGroup Greater China Delivers Profit Surge on Flexible Staffing Growth in 2025
Mar 30, 2026
ManpowerGroup Greater China reported 2025 revenue of RMB6.90 billion, up 10.1% year on year, with profit attributable to owners rising 20.9% to RMB156.9 million as it emphasised quality growth, operational efficiency and risk management amid macro...
ManpowerGroup Greater China Declares Final HKD 0.17 Dividend for 2025
Mar 30, 2026
ManpowerGroup Greater China Limited has declared a final ordinary cash dividend of HKD 0.17 per share for the financial year ended 31 December 2025, reflecting its capital return policy and distribution of profits to shareholders. The dividend is ...
ManpowerGroup Greater China Moves to Update Articles, Add Treasury Share Flexibility
Mar 30, 2026
ManpowerGroup Greater China Limited plans to overhaul its constitutional documents by replacing its current fourth amended and restated memorandum and articles of association with a fifth amended and restated version. The move is intended to align...
ManpowerGroup Greater China Sets March 30 Board Meeting to Approve 2025 Results
Mar 18, 2026
ManpowerGroup Greater China Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the year ended 31 December 2025 and to consider the publication of those results. The board will also deliberate on th...
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.