ManpowerGroup Greater China Limited (2180) AI Stock Analysis

• Market Cap: HK$1.09B
• Dividend Yield: 36.45%
• Average Volume (3M): 20.48K
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.17
• Revenue Growth: 17.49%
• EPS Growth: 9.67%
• Country: HK
• Employees: 1,116
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 0.33
• Shares Outstanding: 207,505,000
• 10 Day Avg. Volume: 29,275
• 30 Day Avg. Volume: 20,483
• PEG Ratio: 2.00
• Price to Book (P/B): 0.67
• Price to Sales (P/S): 0.13
• P/FCF Ratio: 10.96
• 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: 73 Outperform
• Price Target: HK$6.00 ▲(16.28% Upside)

ManpowerGroup Greater China Limited's overall stock score is driven by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation and attractive income potential. Financial performance is stable, with a strong balance sheet, though margin pressures need addressing. Technical analysis indicates mild bullish sentiment but limited momentum.

ManpowerGroup Greater China Limited Business Overview & Revenue Model

Company Description

ManpowerGroup Greater China Limited (2180) is a leading provider of workforce solutions and services in Greater China. As part of the global ManpowerGroup network, the company specializes in connecting individuals with employment opportunities and helping organizations develop effective human resources strategies. Its core services include recruitment and staffing, workforce management, and talent development, catering to a wide range of industries and sectors.

How the Company Makes Money

ManpowerGroup Greater China Limited generates revenue primarily through its recruitment and staffing services, where it charges fees for placing candidates in temporary and permanent positions. The company also earns income from workforce management services, which include managing client staffing needs and providing contingent workforce solutions. Additionally, it offers talent development and training programs, which contribute to its revenue stream by enhancing workforce skills and capabilities. Key partnerships with various industries, along with its broad network and expertise in human resource management, significantly bolster its earnings.

ManpowerGroup Greater China Limited Financial Statement Overview

Summary

ManpowerGroup Greater China Limited demonstrates a stable financial position with strong balance sheet metrics, including low leverage and healthy return on equity. The income statement shows growth in revenue but declining margins, which could impact future profitability. Cash flow metrics indicate some challenges in free cash flow growth, but overall cash conversion remains strong. The company is well-positioned in terms of financial stability, but needs to address margin pressures to enhance profitability.

Income Statement

The company shows a steady revenue growth rate of 3.61% TTM, indicating a positive trajectory. However, the gross profit margin has decreased over the years, currently at 9.79% TTM, which is relatively low for the industry. The net profit margin is stable at 2.07% TTM, but it has declined from previous years, suggesting pressure on profitability. EBIT and EBITDA margins are modest, reflecting operational efficiency challenges.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.028 TTM, indicating low leverage and financial stability. The return on equity is healthy at 10.96% TTM, showing effective use of equity to generate profits. The equity ratio is solid, suggesting a strong capital structure with a good proportion of equity financing.

Cash Flow

The cash flow statement reveals a decline in free cash flow growth by 9.61% TTM, which is a concern. However, the operating cash flow to net income ratio is 0.07, indicating that cash flows are covering net income, albeit at a low level. The free cash flow to net income ratio is strong at 0.96, suggesting that most of the net income is being converted into free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.74B	6.27B	5.30B	4.59B	3.97B	3.22B
Gross Profit	618.14M	613.63M	622.58M	623.93M	638.23M	535.50M
EBITDA	202.39M	186.50M	226.96M	221.72M	236.85M	212.53M
Net Income	137.79M	129.85M	126.48M	118.61M	139.17M	126.36M
Balance Sheet
Total Assets	2.63B	2.55B	2.14B	1.93B	1.99B	1.86B
Cash, Cash Equivalents and Short-Term Investments	940.23M	930.05M	935.14M	928.14M	1.05B	1.06B
Total Debt	41.00M	35.38M	39.85M	55.87M	44.97M	64.94M
Total Liabilities	1.24B	1.18B	857.65M	779.07M	659.78M	604.10M
Stockholders Equity	1.26B	1.25B	1.17B	1.06B	1.25B	1.19B
Cash Flow
Free Cash Flow	63.08M	76.49M	71.13M	251.43M	81.20M	249.34M
Operating Cash Flow	65.29M	79.88M	82.26M	266.24M	99.83M	272.55M
Investing Cash Flow	132.37M	60.75M	-63.52M	75.22M	126.41M	-281.27M
Financing Cash Flow	-87.17M	-92.36M	-61.70M	-417.31M	-97.83M	-90.14M

ManpowerGroup Greater China Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.16
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 5.16 is below the 20-day moving average (MA) of 5.22, below the 50-day MA of 5.25, and above the 200-day MA of 3.80, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 53.17 is Neutral, neither overbought nor oversold. The STOCH value of 48.09 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	―	HK$1.58B	5.45	8.17%	8.00%	-9.50%	-24.73%
2180	―	HK$1.09B	7.14	11.29%	36.45%	17.49%	9.67%
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6100	―	HK$1.62B	10.51	―	―	-10.48%	30250.00%
1719	―	HK$534.77M	45.59	1.52%	―	19.79%	-33.33%
6919	―	HK$743.79M	―	-4.09%	1.85%	14.29%	-200.37%

ManpowerGroup Greater China Limited Corporate Events

ManpowerGroup Greater China Announces Director Resignation

ManpowerGroup Greater China Limited announced the resignation of Mr. Zhang Yinghao as a non-executive director, effective August 27, 2025, to pursue other business opportunities. His departure also includes stepping down from several committees within the company. The board expressed gratitude for Mr. Zhang’s contributions since the company’s IPO, and his resignation is not due to any disagreements with the board or issues requiring shareholder attention.

The most recent analyst rating on (HK:2180) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on ManpowerGroup Greater China Limited stock, see the HK:2180 Stock Forecast page.

ManpowerGroup Greater China Limited Announces Board Composition and Roles

ManpowerGroup Greater China Limited has announced the composition of its board of directors, detailing the roles and functions of each member. This announcement is significant as it outlines the leadership structure and committee memberships, which are crucial for the company’s governance and strategic direction.

The most recent analyst rating on (HK:2180) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on ManpowerGroup Greater China Limited stock, see the HK:2180 Stock Forecast page.

ManpowerGroup Greater China Revises Investment Committee Terms

ManpowerGroup Greater China Limited has revised the terms of reference for its Investment Committee, which is tasked with evaluating investment performance and advising on strategy to enhance returns. The committee will also consider and approve potential investment projects within a specified financial range and review investment policies for board approval, potentially impacting the company’s investment strategy and stakeholder interests.

The most recent analyst rating on (HK:2180) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on ManpowerGroup Greater China Limited stock, see the HK:2180 Stock Forecast page.

ManpowerGroup Greater China Reports Strong Interim Results Amid Economic Challenges

ManpowerGroup Greater China Limited reported a 15.9% increase in revenue for the first half of 2025, driven by significant growth in its flexible staffing business, particularly in Mainland China. Despite global economic uncertainties and a challenging domestic market, the company achieved robust growth through operational agility and efficiency, with revenue per employee rising by 32.5%. The company expanded its flexible staffing services and IT outsourcing business to enhance its service offerings and structural resilience, placing 20.4% more associates compared to the previous year.

The most recent analyst rating on (HK:2180) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on ManpowerGroup Greater China Limited stock, see the HK:2180 Stock Forecast page.

ManpowerGroup Greater China Declares Interim Dividend for 2025

ManpowerGroup Greater China Limited announced an interim cash dividend of HKD 1.6 per share for the six months ending 30 June 2025. This announcement reflects the company’s financial performance and commitment to returning value to shareholders. The dividend will be paid on 25 September 2025, with the ex-dividend date set for 9 September 2025, indicating a stable financial outlook and potential positive impact on investor confidence.

The most recent analyst rating on (HK:2180) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on ManpowerGroup Greater China Limited stock, see the HK:2180 Stock Forecast page.

ManpowerGroup Greater China to Review Interim Results and Dividend

ManpowerGroup Greater China Limited has announced a board meeting scheduled for August 27, 2025, to discuss and approve the interim results for the first half of the year and consider the payment of an interim dividend. This meeting is significant as it will address the company’s financial performance and potential shareholder returns, impacting its operations and market positioning.