ManpowerGroup Greater China Limited (2180) AI Stock Analysis

• Market Cap: HK$998.10M
• Dividend Yield: 6.44%
• Average Volume (3M): 120.69K
• Price to Earnings (P/E): 6.9
• Beta (1Y): 0.18
• Revenue Growth: 16.07%
• EPS Growth: 0.77%
• Country: HK
• Employees: 1,116
• Sector: Industrials
• Sector Strength: 91
• Industry: Staffing & Employment Services
• EPS (TTM): 0.40
• Shares Outstanding: 207,505,000
• 10 Day Avg. Volume: 28,750
• 30 Day Avg. Volume: 120,686
• 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: HK$5.00
• Price Target Upside: 3.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 78 Outperform
• Price Target: HK$5.00 ▲(3.95%Upside)

The stock demonstrates strong valuation appeal with a low P/E ratio and high dividend yield. Financial performance is robust, supported by healthy revenues and stable margins. Technical indicators signal positive momentum, though a high RSI suggests potential for a price pullback. Monitoring financial trends and market dynamics will be crucial for future performance.

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 segments. It offers flexible staffing solutions to provide contingent workers to manage headcount or only require workers for a limited time or a specific project; headhunting services that help enterprises in selecting various senior-level talents; recruiting process outsourcing management services and recruitment services; and candidate assessments, screening, conducting candidate interviews, sourcing technology, and marketing and recruiting expertise. The company provides human resource (HR) services, including HR consultancy services, training and development services, career transition services, payroll services, and compensation and benefits services, as well as leadership development, career management, and talent assessment. ManpowerGroup Greater China Limited was founded in 1997 and is headquartered in Shanghai, the People's Republic of China.

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
EBITDA	186.50M	226.96M	221.72M	236.85M	212.53M
Net Income	129.85M	126.48M	118.61M	139.17M	126.36M
Balance Sheet
Total Assets	2.55B	2.14B	1.93B	1.99B	1.86B
Cash, Cash Equivalents and Short-Term Investments	930.05M	935.14M	928.14M	1.05B	1.06B
Total Debt	35.38M	39.85M	55.87M	44.97M	64.94M
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: 4.81
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 4.81 is above the 20-day moving average (MA) of 4.31, above the 50-day MA of 4.12, and above the 200-day MA of 4.06, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 90.30 is Negative, neither overbought nor oversold. The STOCH value of 97.18 is Negative, 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$1.51B	4.71	8.95%	8.57%	9.80%	-2.88%
2180	78 Outperform	HK$998.10M	6.90	10.74%	6.44%	16.07%	0.77%
Sector *	71 Outperform	¥254.21B	13.40	8.49%	3.03%	6.33%	12.89%
1719		HK$1.02B	79.73	1.66%	―	―	―
1748		HK$774.40M	7.26	10.02%	―	―	―
6100	68 Neutral	HK$1.82B	11.83	4.48%	―	-10.48%	30250.00%
6919	48 Neutral	HK$612.17M	10.94	-5.73%	2.25%	20.23%	-275.42%

ManpowerGroup Greater China Limited Corporate Events

ManpowerGroup Greater China Secures Shareholder Approval for AGM Resolutions

ManpowerGroup Greater China Limited announced that all resolutions proposed at their Annual General Meeting on June 26, 2025, were approved by shareholders. These resolutions included the adoption of financial statements, declaration of a final dividend, re-election of directors, and the re-appointment of Deloitte Touche Tohmatsu as auditor. The approval of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives and maintain its market presence.

ManpowerGroup Greater China Enhances Nomination Committee Governance

ManpowerGroup Greater China Limited has revised the terms of reference for its Nomination Committee, emphasizing the inclusion of independent non-executive directors and gender diversity among its members. This move reflects the company’s commitment to enhancing corporate governance and ensuring diverse representation in its leadership, potentially impacting its strategic decision-making and stakeholder relations.

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.