Mansion International Holdings Limited (8456) AI Stock Analysis

• Market Cap: HK$52.88M
• Dividend Yield: N/A
• Average Volume (3M): 219.00K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.53
• Revenue Growth: -19.39%
• EPS Growth: 3.51%
• Country: HK
• Employees: 32
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): -0.07
• Shares Outstanding: 132,202,960
• 10 Day Avg. Volume: 80,000
• 30 Day Avg. Volume: 219,000
• PEG Ratio: 0.00
• Price to Book (P/B): 8.46
• Price to Sales (P/S): 0.15
• P/FCF Ratio: -3.04
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.40 ▲(23.75% Upside)

The score is held down primarily by weak financial performance (multi-year losses, shrinking revenue and margins, and high leverage from a very small equity base). Technicals are currently strong with price above major moving averages, but the very overbought RSI/Stoch temper that support. Valuation remains pressured by negative earnings (negative P/E).

Positive Factors

Intermittent Positive Cash Generation

The firm has demonstrated the operational capacity to generate positive operating and free cash flow in at least one recent year, indicating that with stable revenue or cost control it can self-fund operations. This intermittent cash generation is a durable strength versus firms that never generate cash.

Lower Absolute Debt vs 2020

Absolute debt being reduced from 2020 levels lowers long-term refinancing burdens and interest outflows compared with peak leverage periods. This improves the firm's ability to restructure operations or reinvest earnings without immediate refinancing pressure.

Narrowing Losses Trend

A move from extreme losses toward smaller deficits signals that cost actions or revenue stabilization are having effect. If sustained, this trend supports a path to break-even and protects long-term viability by reducing the scale of external funding needed.

Negative Factors

Multi-year Net Losses and Shrinking Scale

Six consecutive years of net losses alongside a steep revenue decline materially erode competitive position and market scale. Sustained shrinkage increases unit costs, weakens bargaining power with suppliers and customers, and makes restoring profitable scale more difficult over months.

Severely Eroded Equity and High Leverage

A tiny equity cushion with high debt-to-equity creates persistent refinancing and solvency risk. Over the medium term this limits the company's ability to absorb shocks, invest in growth, or access affordable financing, increasing default risk if losses persist.

Sustained Margin Compression

A structural fall in gross margins reduces the revenue needed to cover fixed costs and reach profitability. Persistently compressed margins indicate weaker pricing power or rising input costs, making margin recovery essential for durable financial health and harder to achieve without strategic change.

Mansion International Holdings Limited Business Overview & Revenue Model

Company Description

Mansion International Holdings Limited, an investment holding company, manufactures and sells baby clothing and clothing accessories for infants and toddlers. The company offers underwear products; basic garments, such as rompers, robes, coats, pyjamas, windbreakers, vests, reversible jackets, pants, and leggings; and outdoor garments. It also provides sleeping accessories, including baby urine pads, blankets, receiving blankets, sleeping bags, and swaddles; and fabric accessories comprising bibs, hats, mittens, booties, and towels. The company offers its products through its original equipment manufacturing business directly to the brand companies or designated sourcing companies primarily located in Hong Kong, the United Kingdom, and the United States; and original brand manufacturing business under its mides brand name and complementary third party brand products through its 12 self-operated retail stores and 11 department store counters in Hong Kong, as well as wholesale in Hong Kong, the People's Republic of China, and Macau. Mansion International Holdings Limited was founded in 1993 and is headquartered in Kowloon, Hong Kong.

How the Company Makes Money

Mansion International Holdings Limited generates revenue through the manufacturing and sale of baby and children's clothing. The company's primary revenue streams include wholesale distribution to retailers and direct sales to consumers through various sales channels. A significant portion of its income is derived from export sales to overseas markets, leveraging its established relationships with international distributors and retailers. The company may also engage in strategic partnerships or collaborations with other brands to expand its market reach and product offerings. Additionally, Mansion International Holdings benefits from its expertise in efficient production processes and supply chain management to maintain competitive pricing and maximize profitability.

Mansion International Holdings Limited Financial Statement Overview

Summary

Financial health is weak: persistent net losses (2020–2025), sharply lower revenue (185.7M in 2020 to 51.4M in 2025), compressed gross margin (~45% to ~16%), and a heavily eroded equity base (~0.9M in 2025) that drives very high leverage (~14.0x debt-to-equity). Cash flow also turned negative again in 2025 after a 2024 rebound, raising funding and execution risk.

Income Statement

Profitability remains weak with net losses in every reported year (2020–2025). Revenue has trended down materially (from 185.7M in 2020 to 51.4M in 2025), including a -8.5% decline in 2025, signaling shrinking scale. While losses have narrowed versus the extreme 2021–2022 period, operating results are still negative in 2025 (negative EBIT and negative EBITDA), and gross margin has compressed sharply (about 45% in 2021 to ~16% in 2025), indicating weaker pricing power and/or higher costs.

Balance Sheet

Leverage and capital structure are key concerns. Equity has fallen dramatically to ~0.9M in 2025 from ~10.4M in 2023, driving very high debt-to-equity (~14.0x in 2025) and limiting financial flexibility. Total debt is relatively stable (~11.7M–12.5M in 2024–2025), but the much smaller equity base raises refinancing and solvency risk if losses persist. A partial positive is that total debt is far below the 2020 level, but the balance sheet is still strained due to the weakened equity cushion.

Cash Flow

Cash generation is volatile and recently deteriorated. After positive operating and free cash flow in 2024 (+4.2M), 2025 swung back to negative (-2.5M), reducing self-funding capacity. Historically, cash flow has been inconsistent (large cash burn in 2022 and 2023), which increases reliance on external financing during downturns. The main strength is that cash flow can turn positive in some years (e.g., 2020 and 2024), but the lack of consistency keeps overall quality low.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	51.36M	51.36M	69.85M	78.44M	74.48M	87.28M
Gross Profit	8.15M	8.15M	14.48M	24.34M	31.49M	39.26M
EBITDA	-3.26M	-2.38M	-2.75M	-3.06M	-10.88M	2.09M
Net Income	-4.87M	-4.87M	-4.68M	-6.01M	-21.42M	-64.84M
Balance Sheet
Total Assets	36.65M	36.65M	48.38M	33.42M	44.68M	50.73M
Cash, Cash Equivalents and Short-Term Investments	322.00K	322.00K	4.37M	1.37M	19.68M	3.42M
Total Debt	12.48M	12.48M	11.73M	12.43M	16.79M	21.54M
Total Liabilities	35.76M	35.76M	42.61M	22.97M	28.23M	73.35M
Stockholders Equity	891.00K	891.00K	5.76M	10.45M	16.46M	-22.62M
Cash Flow
Free Cash Flow	-2.48M	-2.48M	4.20M	-16.73M	-32.35M	-5.84M
Operating Cash Flow	-2.48M	-2.48M	4.20M	-14.58M	-28.96M	-5.12M
Investing Cash Flow	0.00	0.00	1.00K	-2.15M	-2.47M	56.96M
Financing Cash Flow	-1.57M	-1.57M	-1.21M	-1.58M	47.68M	-52.89M

Mansion International Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.32
• 50DMA: Positive
• 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:8456, the sentiment is Positive. The current price of 0.32 is below the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.35, and below the 200-day MA of 0.36, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 56.25 is Neutral, neither overbought nor oversold. The STOCH value of 68.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:8456.

Mansion International Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
8456	48 Neutral	HK$52.88M	-2.43	-46.20%	―	-19.39%	3.51%
1388	45 Neutral	HK$166.85M	-0.48	-18.57%	―	-6.47%	-118.56%
0130	44 Neutral	HK$50.68M	-0.98	-15.16%	―	-18.61%	8.67%
8507	44 Neutral	HK$110.00M	39.29	14.33%	―	10.57%	―
1825	43 Neutral	HK$39.81M	-1.96	-59.04%	―	-26.68%	-60.46%