ManpowerGroup Greater China Limited (2180) AI Stock Analysis

• Market Cap: HK$902.65M
• Dividend Yield: 7.13%
• Average Volume (3M): 47.41K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.21
• Revenue Growth: 16.07%
• EPS Growth: 0.77%
• Country: HK
• Employees: 1,116
• Sector: Industrials
• Sector Strength: 84
• Industry: Staffing & Employment Services
• EPS (TTM): 0.40
• Shares Outstanding: 207,505,000
• 10 Day Avg. Volume: 62,060
• 30 Day Avg. Volume: 47,411
• PEG Ratio: 1.91
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.39
• 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

• Rating: 74 Outperform
• Price Target: HK$5.00 ▲(14.94%Upside)

ManpowerGroup Greater China Limited's strong financial performance and attractive valuation drive the overall score. The company's solid revenue growth, stable profit margins, and low debt enhance its financial stability. The stock's attractive valuation with a low P/E ratio and high dividend yield further supports its investment potential. Technical indicators suggest moderate bullish momentum, contributing positively to the score.

ManpowerGroup Greater China Limited Business Overview & Revenue Model

Company Description

ManpowerGroup Greater China Limited (2180) is a leading workforce solutions provider operating in the Greater China region. The company specializes in connecting businesses with skilled talent across various sectors, including finance, technology, engineering, and healthcare. It offers a comprehensive range of services encompassing recruitment, staffing, training, and workforce management solutions to help organizations optimize their human resource capabilities.

How the Company Makes Money

ManpowerGroup Greater China Limited primarily makes money by providing staffing and workforce solutions to businesses. The company earns revenue through service fees charged for recruitment and placement services, temporary and contract staffing, and workforce management solutions. Key revenue streams include permanent recruitment services, where fees are typically a percentage of the candidate's annual salary, and temporary staffing services, where the company charges clients based on an hourly or daily rate for the temporary staff provided. The company may also derive income from training and development services offered to both individuals and corporations. Strategic partnerships with local and international companies further enhance its service offerings and contribute to revenue growth.

ManpowerGroup Greater China Limited Financial Statement Overview

Summary

ManpowerGroup Greater China Limited shows strong financial performance with growing revenues and stable profit margins. The balance sheet reflects a low leverage and strong equity position, enhancing financial stability. While cash flows remain robust, careful monitoring of liabilities and operating cash flow trends is important for sustained growth.

Income Statement

The company demonstrates a solid revenue growth trajectory with a notable increase from 2023 to 2024. Gross profit margins are stable, though there is a slight decline in gross profit. Net profit margin shows slight improvement, indicating operational efficiency. EBIT and EBITDA margins are consistent, underscoring robust operational performance.

Balance Sheet

The company maintains a strong equity position with a favorable debt-to-equity ratio, indicating low leverage. The equity ratio is healthy, reflecting good financial stability. However, there is a slight increase in liabilities, which should be monitored for future risk.

Cash Flow

Operating cash flow remains positive, with a stable free cash flow indicating good cash generation capabilities. The free cash flow to net income ratio is strong, suggesting effective cash management. However, the decrease in operating cash flow from 2023 to 2024 warrants attention.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
6.27B	5.30B	4.59B	3.97B	3.22B
	Gross Profit
613.63M	622.58M	623.93M	638.23M	535.50M
	EBIT
171.34M	159.59M	187.37M	206.85M	170.46M
	EBITDA
186.50M	226.96M	221.72M	236.85M	212.53M
	Net Income Common Stockholders
129.85M	126.48M	118.61M	139.17M	126.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
930.05M	935.14M	928.14M	1.05B	1.06B
	Total Assets
2.55B	2.14B	1.93B	1.99B	1.86B
	Total Debt
35.38M	39.85M	55.87M	44.97M	64.94M
	Net Debt
-717.00M	-666.59M	-688.56M	-750.38M	-612.97M
	Total Liabilities
1.18B	857.65M	779.07M	659.78M	604.10M
	Stockholders Equity
1.25B	1.17B	1.06B	1.25B	1.19B
Cash Flow		Free Cash Flow
76.49M	71.13M	251.43M	81.20M	249.34M
	Operating Cash Flow
79.88M	82.26M	266.24M	99.83M	272.55M
	Investing Cash Flow
60.75M	-63.52M	75.22M	126.41M	-281.27M
	Financing Cash Flow
-92.36M	-61.70M	-417.31M	-97.83M	-90.14M

ManpowerGroup Greater China Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.35
• 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:2180, the sentiment is Positive. The current price of 4.35 is above the 20-day moving average (MA) of 4.29, above the 50-day MA of 4.29, and above the 200-day MA of 4.34, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 56.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2180.

ManpowerGroup Greater China Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1568	80 Outperform	HK$1.38B	4.31	8.95%	―	9.80%	-2.88%
2180	74 Outperform	HK$902.65M	6.24	10.74%	7.13%	16.07%	0.77%
6100	71 Outperform	HK$1.86B	12.06	4.48%	―	-10.48%	30250.00%
Sector *	57 Neutral	$1.32B	4.07	-2.93%	11.10%	3.37%	-51.35%
6919	54 Neutral	HK$586.16M	10.94	-5.73%	2.35%	20.23%	-275.42%

ManpowerGroup Greater China Limited Corporate Events

ManpowerGroup Greater China Announces 2025 AGM Agenda

ManpowerGroup Greater China Limited has announced its upcoming annual general meeting scheduled for June 26, 2025, in Guangzhou, China. The agenda includes adopting the company’s financial statements for 2024, declaring a final dividend, re-electing directors, and re-appointing Deloitte Touche Tohmatsu as auditors. Additionally, the company seeks approval to authorize directors to allot and issue shares, which could impact its capital structure and shareholder value.

ManpowerGroup Greater China Awards RSUs to Boost Employee Commitment

ManpowerGroup Greater China Limited has announced the grant of 3,340,182 restricted share units (RSUs) to selected participants under its 2023 RSU Scheme, aimed at rewarding the commitment of its directors and employees. This initiative is part of the company’s strategy to recognize contributions and maintain business relationships beneficial to its long-term growth, impacting approximately 1.61% of its issued share capital.

ManpowerGroup Greater China Reports Strong 2024 Financial Results Amid Economic Challenges

ManpowerGroup Greater China Limited reported a robust financial performance for the year ended December 31, 2024, with an 18.2% increase in total revenue despite challenging economic conditions. The company achieved significant growth in its flexible staffing business, particularly in Mainland China and Hong Kong, while facing a decline in Taiwan due to economic challenges. The group’s strategic focus on operational efficiency and expansion into IT Outsourcing has bolstered its market position, resulting in a 2.7% increase in net profit and a proposed final dividend of HK$0.31 per share.

ManpowerGroup Greater China Announces Final Dividend for 2024

ManpowerGroup Greater China Limited has announced a final cash dividend of HKD 0.31 per share for the financial year ending December 31, 2024. The dividend reflects the company’s commitment to returning value to its shareholders and indicates a stable financial performance. Shareholders’ approval is scheduled for June 26, 2025, with the payment date set for July 17, 2025. This announcement may positively impact the company’s market positioning by reinforcing investor confidence.