Man Wah Holdings (MAWHY) AI Stock Analysis

• Market Cap: $2.22B
• Dividend Yield: 4.37%
• Average Volume (3M): 16.00
• Price to Earnings (P/E): 8.3
• Beta (1Y): 0.52
• Revenue Growth: -7.82%
• EPS Growth: -9.64%
• Country: US
• Employees: 27,246
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): 0.61
• Shares Outstanding: 193,904,160
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 16
• PEG Ratio: 0.46
• Price to Book (P/B): 1.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.56
• 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: 82 Outperform
• Price Target: $13.00 ▲(13.34%Upside)

Man Wah Holdings receives a strong overall stock score, driven primarily by its robust financial performance and attractive valuation metrics. The technical analysis supports a positive outlook with bullish momentum. While the company faces revenue growth challenges, its strong cash flow and profitability provide a solid foundation.

Man Wah Holdings Business Overview & Revenue Model

Company Description

Man Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally. The company operates through Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business segments. It offers mattresses, smart furniture spare parts, and metal mechanism for recliners. The company is also involved in the production and sale of chairs and other products to high-speed railways, cinema chains, and other commercial customers; advertising and marketing of home furnishing products; property investment business; operation, leasing, and management of furniture malls; manufacturing and trading of bedding products, other furniture, and furniture components, as well as foam products; and research and production of smart drive machines and electric regulators. In addition, it offers property management and development services; offshore sales, business consultancy, and back-office support services; business management, advertising, and design services; and marketing, logistics, and warehousing services. The company also operates hotel; and sells residential properties. As of March 31, 2022, it had a total of 5,968 brand stores in China. The company was founded in 1992 and is based in Fo Tan, Hong Kong. Man Wah Holdings Limited is a subsidiary of Man Wah Investments Limited.

How the Company Makes Money

Man Wah Holdings generates revenue primarily through the manufacture and sale of upholstered furniture, including sofas, recliners, and related accessories. The company operates under multiple brand names, allowing it to cater to different market segments and consumer preferences. Its revenue streams are diversified across retail sales through owned and franchised stores, wholesale distribution to third-party retailers, and export sales to international markets. Strategic partnerships with furniture retailers and distributors in various regions further enhance its market reach and sales volume. Additionally, Man Wah's focus on innovation and product development ensures a steady introduction of new products, supporting sustained revenue growth.

Man Wah Holdings Financial Statement Overview

Summary

Man Wah Holdings demonstrates solid financial health with strong profitability and efficient cash flow management. The company maintains healthy margins and leverage ratios, but faces challenges in revenue growth.

Income Statement

Man Wah Holdings has demonstrated stable profitability with a gross profit margin of approximately 40.5% and a net profit margin of 12.2% in the most recent year. Despite a decline in total revenue from the previous year, the company maintains strong margins. The EBIT margin stands at 16.7%, and the EBITDA margin is robust at 19.9%. However, the revenue growth rate shows a negative trend, indicating potential challenges in sales expansion.

Balance Sheet

The company exhibits a sound financial position with a debt-to-equity ratio of 0.34, indicating moderate leverage. The return on equity is a commendable 16.2%, reflecting effective use of shareholder capital. The equity ratio is strong at 63.5%, highlighting a healthy balance between debt and equity. While the balance sheet is strong, continued attention to managing liabilities is advised.

Cash Flow

Man Wah Holdings' cash flow performance is impressive, with a free cash flow growth rate of 131.6% in the most recent year, driven by strong operating cash flow. The operating cash flow to net income ratio is 1.61, showing efficient cash generation relative to earnings. The free cash flow to net income ratio is also strong at 1.11, indicating good cash flow management. Overall, the cash flow position is robust.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	16.90B	18.41B	17.35B	21.50B	16.43B
Gross Profit	6.84B	7.25B	6.68B	7.89B	5.93B
EBITDA	3.36B	3.64B	3.20B	3.58B	2.95B
Net Income	2.06B	2.30B	1.91B	2.25B	1.92B
Balance Sheet
Total Assets	20.02B	19.81B	19.64B	20.52B	17.44B
Cash, Cash Equivalents and Short-Term Investments	4.08B	3.52B	4.08B	3.22B	3.67B
Total Debt	4.39B	4.33B	4.40B	4.61B	3.64B
Total Liabilities	6.37B	6.73B	7.11B	7.77B	6.03B
Stockholders Equity	12.71B	12.08B	11.56B	11.71B	10.74B
Cash Flow
Free Cash Flow	2.28B	985.45M	2.50B	363.28M	492.23M
Operating Cash Flow	3.32B	2.55B	4.06B	2.32B	1.92B
Investing Cash Flow	-1.55B	-1.54B	-1.66B	-1.10B	-2.72B
Financing Cash Flow	-1.50B	-1.28B	-1.33B	-844.19M	1.11B

Man Wah Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAWHY, the sentiment is Positive. The current price of 11.47 is above the 20-day moving average (MA) of 10.93, above the 50-day MA of 10.70, and below the 200-day MA of 11.66, indicating a neutral trend. The MACD of 0.24 indicates Negative momentum. The RSI at 69.00 is Neutral, neither overbought nor oversold. The STOCH value of 88.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MAWHY.

Man Wah Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAWHY	82 Outperform	$2.22B	8.27	16.66%	4.37%	-7.82%	-9.64%
ETD	71 Outperform	$732.64M	12.94	12.09%	5.41%	-6.32%	-18.35%
LZB	70 Outperform	$1.55B	16.23	9.84%	2.31%	3.04%	-16.49%
AMWD	69 Neutral	$770.56M	8.30	10.89%	―	-7.47%	-9.07%
Sector *	64 Neutral	£1.71B	10.36	6.12%	3.42%	0.55%	-32.84%
MLKN	63 Neutral	$1.33B	46.81	2.28%	3.77%	-2.68%	-56.16%
BSET	58 Neutral	$160.76M	64.31	1.46%	4.32%	-7.22%	―