View ValuationMan Wah Holdings 将来の成長Future 基準チェック /16Man Wah Holdings利益と収益がそれぞれ年間3.6%と2.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.8% 2.8%なると予測されています。主要情報3.6%収益成長率2.83%EPS成長率Consumer Durables 収益成長22.1%収益成長率2.8%将来の株主資本利益率11.82%アナリストカバレッジGood最終更新日16 Jul 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesUpcoming Dividend • Jun 30Upcoming dividend of HK$0.09 per shareEligible shareholders must have bought the stock before 07 July 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 86%. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.4%).お知らせ • Jun 09Man Wah Holdings Limited Announces Board and Committee ChangesMan Wah Holdings Limited announced that Mr. Chau Shing Yim, David had informed the Board that he would not offer himself for re-election as a Director at the forthcoming annual general meeting of the Company to be held on July 3, 2026, as he had decided to focus on his other business commitment. Accordingly, he will retire from his office as an independent non-executive Director effective from the conclusion of the AGM. Following his retirement, Mr. Chau will cease to be the Chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee of the Board. Following the conclusion of the AGM, Mr. Yang Siu Shun will be appointed as the Chairman of the Audit Committee and Mr. Lam Yin Shing, Donald will be appointed as a member of each of the Audit Committee and the Nomination Committee.Declared Dividend • May 21Final dividend of HK$0.09 announcedShareholders will receive a dividend of HK$0.09. Ex-date: 7th July 2026 Payment date: 22nd July 2026 Dividend yield will be 26%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Donald Lam was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • May 15Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026.お知らせ • Mar 30Man Wah Holdings Limited to Report Fiscal Year 2026 Results on May 15, 2026Man Wah Holdings Limited announced that they will report fiscal year 2026 results on May 15, 2026お知らせ • Sep 30Man Wah Holdings Limited to Report Q2, 2026 Results on Nov 14, 2025Man Wah Holdings Limited announced that they will report Q2, 2026 results on Nov 14, 2025お知らせ • Jun 30+ 1 more updateMan Wah Holdings Limited Appoints Lam Yin Shing, Donald as Independent Non-Executive Director and Member of the Remuneration CommitteeMan Wah Holdings Limited announced that Upon the conclusion of the AGM, Mr. Kan Chung Nin, Tony ("Mr. has retired as an independent non-executive Director and ceased to be a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Board. As stated in the Circular, Mr. Lam Yin Shing, Donald ("Mr. Lam") has been proposed to be appointed as an independent non-executive Director with effect from the conclusion of the AGM. Such resolution proposed at the AGM has been duly passed, and Mr. Lam will also act as a member of the Remuneration Committee following the appointment.お知らせ • May 15Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025.お知らせ • Mar 28Man Wah Holdings Limited to Report Fiscal Year 2025 Results on May 15, 2025Man Wah Holdings Limited announced that they will report fiscal year 2025 results on May 15, 2025お知らせ • Nov 22Man Wah Holdings Limited Announces Interim Dividend for the Period Ended 30 September 2024, Payable on 08 January 2025Man Wah Holdings Limited announced interim dividend of HKD 0.15 per share for the period ended 30 September 2024. Ex-dividend date is 10 December 2024. Record date is 13 December 2024. Payment date is 08 January 2025.お知らせ • Oct 18Man Wah Holdings Limited to Report Q2, 2025 Results on Nov 22, 2024Man Wah Holdings Limited announced that they will report Q2, 2025 results on Nov 22, 2024New Risk • Sep 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).Buy Or Sell Opportunity • Jul 12Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to €0.55. The fair value is estimated to be €0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period.お知らせ • Jun 25Man Wah Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024, Payable on or Before 22 July 2024Man Wah Holdings Limited at the AGM held on 24 June 2024, approved final dividend of 15 HK cents per share for the year ended 31 March 2024. The final dividend will be paid to the Shareholders on or before 22 July 2024.Reported Earnings • May 19Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.49 in FY 2023)Full year 2024 results: EPS: HK$0.59 (up from HK$0.49 in FY 2023). Revenue: HK$18.4b (up 6.1% from FY 2023). Net income: HK$2.30b (up 20% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Declared Dividend • May 19Final dividend of HK$0.15 announcedShareholders will receive a dividend of HK$0.15. Ex-date: 4th July 2024 Payment date: 22nd July 2024 Dividend yield will be 21%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 18Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024.お知らせ • May 17Man Wah Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 2 July 2024Man Wah Holdings Limited proposed final dividend of HKD 0.15 per share for the year ended 31 March 2024. Date of shareholders' approval is 24 June 2024. Ex-dividend date is 04 July 2024. Record date is 10 July 2024. Payment date is 22 July 2024.お知らせ • Mar 02Man Wah Holdings Limited to Report Fiscal Year 2024 Results on May 16, 2024Man Wah Holdings Limited announced that they will report fiscal year 2024 results on May 16, 2024お知らせ • Nov 23Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on 2 January 2024As disclosed in the Announcement, the Board of Man Wah Holdings Limited had declared an interim dividend of HKD 15.0 cents per share for the six months ended 30 September 2023, which is expected to be paid on or before 21 December 2023. The Board hereby announces that the expected payment date of the Interim Dividend will be changed to 2 January 2024.Upcoming Dividend • Nov 21Upcoming dividend of HK$0.15 per share at 4.5% yieldEligible shareholders must have bought the stock before 28 November 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.9%).お知らせ • Nov 17Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 21, 2023Man Wah Holdings Limited announced the interim (Semi-annual) dividend of HKD 0.15 per share for the six months ended September 30, 2023. Ex-dividend date is November 28, 2023. Record date is December 1, 2023. Payment date is December 21, 2023.お知らせ • Oct 28Man Wah Holdings Limited to Report First Half, 2024 Results on Nov 15, 2023Man Wah Holdings Limited announced that they will report first half, 2024 results on Nov 15, 2023Recent Insider Transactions • Sep 21Chairman recently bought €2.1m worth of stockOn the 18th of September, Man Li Wong bought around 3m shares on-market at roughly €0.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €6.3m worth in shares.お知らせ • Jul 01Man Wah Holdings Limited Declares Final Dividend for the Year Ended 31 March 2023, Payable on or Before 20 July 2023Man Wah Holdings Limited at its AGM held on 30 June 2023 approved to declare a final dividend of HKD 0.10 cents per share for the year ended 31 March 2023. The final dividend will be paid to the Shareholders on or before 20 July 2023.Upcoming Dividend • Jun 27Upcoming dividend of HK$0.10 per share at 5.0% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).お知らせ • May 31Man Wah Holdings Limited Announces Executive Changes, Effective 1 June 2023The board of directors of Man Wah Holdings Limited announced that Ms. Liu Xiaoting has resigned as the company secretary of the Company with effect from 1 June 2023. Mr. Zhang Xian will be appointed as the Company Secretary with effect from 1 June 2023. Mr. Zhang graduated with a bachelor of business administration degree in professional accountancy from the Chinese University of Hong Kong in 2009 and a master's degree in business administration from the Hong Kong University of Science and Technology in 2019. He is a member of the Hong Kong Institute of Certified Public Accountants. He has over 13 years of experience in auditing, accounting and financial management. Ms. Liu will cease to be the authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange and the authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), and Mr. Zhang will be appointed as the Authorised Representative for the purposes of the Listing Rules and the Companies Ordinance, with effect from 1 June 2023.Reported Earnings • May 16Full year 2023 earnings released: EPS: HK$0.49 (vs HK$0.57 in FY 2022)Full year 2023 results: EPS: HK$0.49 (down from HK$0.57 in FY 2022). Revenue: HK$17.4b (down 19% from FY 2022). Net income: HK$1.91b (down 15% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • May 16+ 1 more updateMan Wah Holdings Limited, Annual General Meeting, Jun 30, 2023Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2023. Agenda: To consider final dividend in respect of the year ended 31 March 2023.Buying Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.Upcoming Dividend • Nov 21Upcoming dividend of HK$0.15 per shareEligible shareholders must have bought the stock before 28 November 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%).Reported Earnings • Nov 17First half 2023 earnings released: EPS: HK$0.28 (vs HK$0.25 in 1H 2022)First half 2023 results: EPS: HK$0.28 (up from HK$0.25 in 1H 2022). Revenue: HK$9.29b (down 9.1% from 1H 2022). Net income: HK$1.09b (up 11% from 1H 2022). Profit margin: 12% (up from 9.7% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Silas Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Nov 16Man Wah Holdings Limited Announces Interim Dividend for the Six Months Ended 30 September 2022, Payable on 16 December 2022Man Wah Holdings Limited announced Interim Dividend of HKD 0.15 per share for the Six Months Ended 30 September 2022. The dividend payable on 16 December 2022 and Ex-dividend date of 28 November 2022.お知らせ • Nov 03Man Wah Holdings Limited to Report First Half, 2023 Results on Nov 15, 2022Man Wah Holdings Limited announced that they will report first half, 2023 results on Nov 15, 2022お知らせ • Jul 30Man Wah Holdings Appoints Jay Quimby as Senior Vice President of SalesMan Wah Holdings announced the hiring of Jay Quimbyas as Senior Vice President of Sales. In this new position, Quimby will be responsible for building new business through alternative channels while contributing to the focus of the senior management team. This new initiative for Man Wah will expand its distribution footprint, supporting investment in additional upholstery capacity. Quimby comes to Man Wah with decades of experience in the furniture industry, the last 20-plus years in various senior leadership positions at United Furniture. Most recently, he served for 11 years as Executive Vice President of Sales, managing the entire sales division while also overseeing marketing, upholstery product development as well as parts and warranty. In this role, he cultivated and expanded business with the top 100 retailers, mass merchants, rent to own, e-commerce, home improvement centers, department and specialty stores, distributors, international markets and other emerging distribution channels.Recent Insider Transactions • Jul 22Chairman recently bought €4.2m worth of stockOn the 18th of July, Man Li Wong bought around 5m shares on-market at roughly €0.84 per share. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.お知らせ • Jul 01Man Wah Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022, Payable on or before 21 July 2022Man Wah Holdings Limited at its AGM held on June 30, 2022 approved final dividend of HK 17.00 cents per share for the year ended 31 March 2022. The final dividend will be paid to the Shareholders on or before Thursday, 21 July 2022.Upcoming Dividend • Jun 28Upcoming dividend of HK$0.17 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.3%).お知らせ • May 17Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2022Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2022.Reported Earnings • May 17Full year 2022 earnings released: EPS: HK$0.57 (vs HK$0.50 in FY 2021)Full year 2022 results: EPS: HK$0.57 (up from HK$0.50 in FY 2021). Revenue: HK$21.5b (up 31% from FY 2021). Net income: HK$2.25b (up 17% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 17Man Wah Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2022, Payable on 21 July 2022Man Wah Holdings Limited proposed the final dividend of HKD 0.17 per share for the year ended 31 March 2022. The dividend will paid on 21 July 2022 and ex-dividend date is 05 July 2022. The record date is 11 July 2022. Date of shareholders' approval is 30 June 2022.お知らせ • May 05Man Wah Holdings Limited to Report Fiscal Year 2022 Results on May 16, 2022Man Wah Holdings Limited announced that they will report fiscal year 2022 results on May 16, 2022Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Silas Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Recent Insider Transactions • Mar 29Chairman recently bought €2.0m worth of stockOn the 22nd of March, Man Li Wong bought around 2m shares on-market at roughly €0.95 per share. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €7.4m worth in shares.Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.01, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 145% over the past three years.お知らせ • Feb 24Man Wah Holdings Limited Announces Executive Changes Effective from 28 February 2022The board of Man Wah Holdings Limited announces that Ms. Fu Ying ("Ms. Fu") has resigned as the company secretary of the Company (the "Company Secretary") with effect from 28 February 2022. Ms. Liu Xiaoting ("Ms. Liu") will be appointed as the Company Secretary with effect from 28 February 2022. Ms. Fu will cease to be the authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") and the authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Companies Ordinance") (collectively, the "Authorised Representative"), and Ms. Liu will be appointed as the Authorised Representative for the purposes of the Listing Rules and the Companies Ordinance, with effect from 28 February 2022.Upcoming Dividend • Nov 18Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 15 December 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (2.0%).Reported Earnings • Nov 14First half 2022 earnings released: EPS HK$0.25 (vs HK$0.20 in 1H 2021)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2022 results: Revenue: HK$10.2b (up 54% from 1H 2021). Net income: HK$988.1m (up 32% from 1H 2021). Profit margin: 9.7% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 29Upcoming dividend of HK$0.16 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 22 July 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.2%).お知らせ • May 29Man Wah Holdings Limited Announces Proposes Final Dividend for the Fiscal Year 2021, Payable on 22 July 2021Man Wah Holdings Limited to declare a final dividend of HK 16.00 cents per share for the year ended 31 March 2021. The proposed final dividend (the payment of which is subject to the Shareholders' approval at the AGM) is to be payable on, 22 July 2021 to Shareholders whose name appear on the register of members of the Company on, 12 July 2021.Reported Earnings • May 18Full year 2021 earnings released: EPS HK$0.50 (vs HK$0.43 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: HK$16.4b (up 35% from FY 2020). Net income: HK$1.92b (up 18% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to HK$1.76, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.06 per share.Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$1.97, the stock is trading at a trailing P/E ratio of 41.9x, down from the previous P/E ratio of 49.3x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 188%.Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to HK$2.12, the stock is trading at a trailing P/E ratio of 44.8x, up from the previous P/E ratio of 38x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 220%.Is New 90 Day High Low • Feb 03New 90-day high: €2.04The company is up 43% from its price of €1.43 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.03 per share.お知らせ • Jan 24Man Wah Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 2.3775 billion.Man Wah Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 2.3775 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: HKD 15.85 Transaction Features: Regulation S; Subsequent Direct ListingIs New 90 Day High Low • Jan 13New 90-day high: €1.82The company is up 52% from its price of €1.20 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.10 per share.お知らせ • Dec 29+ 1 more updateMan Wah Holdings Limited Announces Executive Changes, Effective December 31, 2020The board of directors of Man Wah Holdings Limited hereby announced that with effect from 31 December 2020, for the purpose of pursuing her other personal commitment, Ms. Yang Huiyan will resign as Chief Financial Officer of the company. The Board further announced that it has resolved to appoint Mr. Yang Qing as the Chief Financial Officer with effect from 31 December 2020. Mr. Yang has joined the Company as the deputy chief financial officer since May 2020. He worked for Hisense Group Co. Ltd. from February 2001 to March 2020.Is New 90 Day High Low • Dec 19New 90-day high: €1.69The company is up 37% from its price of €1.23 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.Reported Earnings • Dec 04First half 2021 earnings released: EPS HK$0.20The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$6.64b (up 19% from 1H 2020). Net income: HK$749.3m (up 6.2% from 1H 2020). Profit margin: 11% (down from 13% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Nov 19Upcoming Dividend of HK$0.10 Per ShareWill be paid on the 13th of January to those who are registered shareholders by the 26th of November. The trailing yield of 1.6% is below the top quartile of German dividend payers (3.7%), and is lower than industry peers (2.4%).Reported Earnings • Nov 15First half 2021 earnings released: EPS HK$0.20The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$6.64b (up 19% from 1H 2020). Net income: HK$749.3m (up 6.2% from 1H 2020). Profit margin: 11% (down from 13% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Nov 05New 90-day high: €1.37The company is up 27% from its price of €1.08 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.81 per share.Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 18% share price gain to HK$1.37, the stock is trading at a trailing P/E ratio of 29.8x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 90%.お知らせ • Nov 05Man Wah Holdings Limited Appoints Feng Guohua as the Chief Executive Officer with Effect from November 3, 2020The board of directors of Man Wah Holdings Limited announced that Feng Guohua will be appointed as the Chief Executive Officer of the Company with effect from November 3, 2020. Mr. Feng, aged 52, has over 25 years of experience in information technology and management of consultancy services. Mr. Feng has extensive international exposure and experience in providing consulting services to multinational companies, state-owned enterprises and private enterprises. Mr. Feng is currently served as an independent director of Shanghai Jahwa United Co. Ltd. and he is also an independent non-executive director of Wison Engineering and Technical Services Limited.お知らせ • Nov 04Man Wah Holdings Limited Appoints Feng Guohua as an Executive Director with Effect from November 3, 2020The board of directors of Man Wah Holdings Limited announced that Feng Guohua will be appointed as an executive Director with effect from November 3, 2020. Mr. Feng, aged 52, has over 25 years of experience in information technology and management of consultancy services. Mr. Feng has extensive international exposure and experience in providing consulting services to multinational companies, state-owned enterprises and private enterprises. Mr. Feng is currently served as an independent director of Shanghai Jahwa United Co. Ltd. and he is also an independent non-executive director of Wison Engineering and Technical Services Limited. Mr. Feng has entered into a service contract with the Company for his appointment as an executive Director for a term commencing from November 3, 2020 for a term of three years, subject to the re-election at the next annual general meeting in accordance with the articles of association of the company.お知らせ • Oct 20Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire HTL Capital Pte. Ltd. and HTL Manufacturing Pte. Ltd. from Golden Hill Capital Pte. Ltd. for $120 million.Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire HTL Capital Pte. Ltd. and HTL Manufacturing Pte. Ltd. from Golden Hill Capital Pte. Ltd. for $120 million on October 19, 2020. Purchase consideration of $120 million will be paid by Man Wah Holdings to HTL International Holdings. Subject to contract, the definitive sale and purchase agreement will propose, among others, the purchase consideration, an interest-free interim credit facility from Man Wah Holdings Limited to the HTL International Holdings Pte. Ltd. of $20 million to support the HTL Capital and HTL Manufacturing’s business during the period between signing of the agreement and completion of the proposed acquisition and such interest-free interim credit facility provided to HTL Capital and HTL Manufacturing shall not be set off against the purchase consideration and a working capital facility of $20 million upon completion of the proposed acquisition. Any contract with the judicial managers would be subject to conditions to be agreed, including the Singapore High Court making a final declaration by the long stop date, declaring that the disputed sale null and void, directing the judicial managers to accept the acquisition offer made by Man Wah Holdings and restraining the judicial managers from proceeding with any resolution and/or taking any steps to wind up HTL International Holdings. Long stop date of transaction is March 31, 2021.お知らせ • Oct 07Man Wah Holdings Limited to Report First Half, 2021 Results on Nov 13, 2020Man Wah Holdings Limited announced that they will report first half, 2021 results on Nov 13, 2020お知らせ • Jul 17Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire a 60% stake in HTL International Holdings Limited from Ideal Homes International Limited for $94.2 million.Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire a 60% stake in HTL International Holdings Limited from Ideal Homes International Limited for $94.2 million on July 10, 2020. Under the terms, the equity stake will be purchased for up to $60 million and up to $57 million will be made available to settle some of the target's payables. 40% of the target's payables will be assigned to the Vendor on a dollar for dollar basis. The maximum cash outlay in connection with the acquisition and the target group payables is $94.2 million. Man Wah currently expects to finance the Consideration by its internal resources. Post completion, Ideal Homes will own a 40% stake in HTL International. For the year ended December 31, 2019, net profit after tax of $38.5 million. The transaction is subject to the completion of the Definitive Assignment; completion of the due diligence on the Target; all necessary applicable consents, approvals (including board and shareholder resolutions) and waivers from Man Wah and the vendor. Man Wah has obtained a written approval from its shareholders representing 65.11% of the issued share capital, therefore no general meeting of Man Wah will be convened to approve the acquisition. The transaction has a long stop date of October 31, 2020 for completion.業績と収益の成長予測DB:AAM - アナリストの将来予測と過去の財務データ ( )HKD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202917,8591,9991,4592,42973/31/202817,2351,9311,3472,31693/31/202716,6541,8051,4012,62093/31/202616,4291,8121,0692,380N/A12/31/202516,5361,9411,7492,902N/A9/30/202516,6422,0692,4293,425N/A6/30/202516,7722,0662,5073,374N/A3/31/202516,9032,0632,5853,323N/A12/31/202417,3412,1842,2333,031N/A9/30/202417,7792,3051,8802,738N/A6/30/202418,0952,3041,6292,646N/A3/31/202418,4112,3021,3782,555N/A12/31/202317,7052,1311,6872,871N/A9/30/202317,0001,9591,9973,188N/A6/30/202317,1751,9372,2483,623N/A3/31/202317,3511,9152,4984,059N/A12/31/202218,9612,1331,9863,702N/A9/30/202220,5712,3511,4733,345N/A6/30/202221,0342,2991,0272,834N/A3/31/202221,4972,2475812,324N/A12/31/202120,7542,2054042,134N/A9/30/202120,0122,1632271,944N/A6/30/202118,2232,0444411,933N/A3/31/202116,4341,9256561,922N/A12/31/202014,8111,8031,1562,179N/A9/30/202013,1891,6821,6562,435N/A6/30/202012,6661,6601,7492,559N/A3/31/202012,1441,6381,8422,682N/A12/31/201911,7541,521N/A2,265N/A9/30/201911,3631,404N/A1,848N/A6/30/201911,3101,384N/A1,488N/A3/31/201911,2581,364N/A1,129N/A12/31/201811,0731,386N/A1,287N/A9/30/201810,8871,408N/A1,445N/A6/30/201810,4571,472N/A1,454N/A3/31/201810,0271,536N/A1,462N/A12/31/20179,4201,599N/A1,456N/A9/30/20178,8131,662N/A1,451N/A6/30/20178,2961,707N/A1,596N/A3/31/20177,7791,752N/A1,740N/A12/31/20167,5081,675N/A1,862N/A9/30/20167,2371,597N/A1,984N/A6/30/20167,2821,462N/A1,842N/A3/31/20167,3281,327N/A1,700N/A12/31/20157,1831,230N/A1,347N/A9/30/20157,0391,133N/A994N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AAMの予測収益成長率 (年間3.6% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: AAMの収益 ( 3.6% ) German市場 ( 15.9% ) よりも低い成長が予測されています。高成長収益: AAMの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: AAMの収益 ( 2.8% ) German市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: AAMの収益 ( 2.8% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AAMの 自己資本利益率 は、3年後には低くなると予測されています ( 11.8 %)。成長企業の発掘7D1Y7D1Y7D1YConsumer-durables 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/23 07:12終値2026/07/23 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Man Wah Holdings Limited 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。26 アナリスト機関Xinyi PangBofA Global ResearchLarry ChoCGS InternationalKa Ho LiChina Galaxy International Securities (Hong Kong)23 その他のアナリストを表示
Upcoming Dividend • Jun 30Upcoming dividend of HK$0.09 per shareEligible shareholders must have bought the stock before 07 July 2026. Payment date: 22 July 2026. Payout ratio is a comfortable 51% and the cash payout ratio is 86%. Trailing yield: 8.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.4%).
お知らせ • Jun 09Man Wah Holdings Limited Announces Board and Committee ChangesMan Wah Holdings Limited announced that Mr. Chau Shing Yim, David had informed the Board that he would not offer himself for re-election as a Director at the forthcoming annual general meeting of the Company to be held on July 3, 2026, as he had decided to focus on his other business commitment. Accordingly, he will retire from his office as an independent non-executive Director effective from the conclusion of the AGM. Following his retirement, Mr. Chau will cease to be the Chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee of the Board. Following the conclusion of the AGM, Mr. Yang Siu Shun will be appointed as the Chairman of the Audit Committee and Mr. Lam Yin Shing, Donald will be appointed as a member of each of the Audit Committee and the Nomination Committee.
Declared Dividend • May 21Final dividend of HK$0.09 announcedShareholders will receive a dividend of HK$0.09. Ex-date: 7th July 2026 Payment date: 22nd July 2026 Dividend yield will be 26%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 21Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 7 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Donald Lam was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • May 15Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026Man Wah Holdings Limited, Annual General Meeting, Jul 03, 2026.
お知らせ • Mar 30Man Wah Holdings Limited to Report Fiscal Year 2026 Results on May 15, 2026Man Wah Holdings Limited announced that they will report fiscal year 2026 results on May 15, 2026
お知らせ • Sep 30Man Wah Holdings Limited to Report Q2, 2026 Results on Nov 14, 2025Man Wah Holdings Limited announced that they will report Q2, 2026 results on Nov 14, 2025
お知らせ • Jun 30+ 1 more updateMan Wah Holdings Limited Appoints Lam Yin Shing, Donald as Independent Non-Executive Director and Member of the Remuneration CommitteeMan Wah Holdings Limited announced that Upon the conclusion of the AGM, Mr. Kan Chung Nin, Tony ("Mr. has retired as an independent non-executive Director and ceased to be a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the Board. As stated in the Circular, Mr. Lam Yin Shing, Donald ("Mr. Lam") has been proposed to be appointed as an independent non-executive Director with effect from the conclusion of the AGM. Such resolution proposed at the AGM has been duly passed, and Mr. Lam will also act as a member of the Remuneration Committee following the appointment.
お知らせ • May 15Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2025.
お知らせ • Mar 28Man Wah Holdings Limited to Report Fiscal Year 2025 Results on May 15, 2025Man Wah Holdings Limited announced that they will report fiscal year 2025 results on May 15, 2025
お知らせ • Nov 22Man Wah Holdings Limited Announces Interim Dividend for the Period Ended 30 September 2024, Payable on 08 January 2025Man Wah Holdings Limited announced interim dividend of HKD 0.15 per share for the period ended 30 September 2024. Ex-dividend date is 10 December 2024. Record date is 13 December 2024. Payment date is 08 January 2025.
お知らせ • Oct 18Man Wah Holdings Limited to Report Q2, 2025 Results on Nov 22, 2024Man Wah Holdings Limited announced that they will report Q2, 2025 results on Nov 22, 2024
New Risk • Sep 24New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change).
Buy Or Sell Opportunity • Jul 12Now 21% overvaluedOver the last 90 days, the stock has fallen 11% to €0.55. The fair value is estimated to be €0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 6.3% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period.
お知らせ • Jun 25Man Wah Holdings Limited Approves Final Dividend for the Year Ended 31 March 2024, Payable on or Before 22 July 2024Man Wah Holdings Limited at the AGM held on 24 June 2024, approved final dividend of 15 HK cents per share for the year ended 31 March 2024. The final dividend will be paid to the Shareholders on or before 22 July 2024.
Reported Earnings • May 19Full year 2024 earnings released: EPS: HK$0.59 (vs HK$0.49 in FY 2023)Full year 2024 results: EPS: HK$0.59 (up from HK$0.49 in FY 2023). Revenue: HK$18.4b (up 6.1% from FY 2023). Net income: HK$2.30b (up 20% from FY 2023). Profit margin: 13% (up from 11% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Declared Dividend • May 19Final dividend of HK$0.15 announcedShareholders will receive a dividend of HK$0.15. Ex-date: 4th July 2024 Payment date: 22nd July 2024 Dividend yield will be 21%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 18Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024Man Wah Holdings Limited, Annual General Meeting, Jun 24, 2024.
お知らせ • May 17Man Wah Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 2 July 2024Man Wah Holdings Limited proposed final dividend of HKD 0.15 per share for the year ended 31 March 2024. Date of shareholders' approval is 24 June 2024. Ex-dividend date is 04 July 2024. Record date is 10 July 2024. Payment date is 22 July 2024.
お知らせ • Mar 02Man Wah Holdings Limited to Report Fiscal Year 2024 Results on May 16, 2024Man Wah Holdings Limited announced that they will report fiscal year 2024 results on May 16, 2024
お知らせ • Nov 23Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on 2 January 2024As disclosed in the Announcement, the Board of Man Wah Holdings Limited had declared an interim dividend of HKD 15.0 cents per share for the six months ended 30 September 2023, which is expected to be paid on or before 21 December 2023. The Board hereby announces that the expected payment date of the Interim Dividend will be changed to 2 January 2024.
Upcoming Dividend • Nov 21Upcoming dividend of HK$0.15 per share at 4.5% yieldEligible shareholders must have bought the stock before 28 November 2023. Payment date: 21 December 2023. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.0%). In line with average of industry peers (4.9%).
お知らせ • Nov 17Man Wah Holdings Limited Declares Interim Dividend for the Six Months Ended September 30, 2023, Payable on December 21, 2023Man Wah Holdings Limited announced the interim (Semi-annual) dividend of HKD 0.15 per share for the six months ended September 30, 2023. Ex-dividend date is November 28, 2023. Record date is December 1, 2023. Payment date is December 21, 2023.
お知らせ • Oct 28Man Wah Holdings Limited to Report First Half, 2024 Results on Nov 15, 2023Man Wah Holdings Limited announced that they will report first half, 2024 results on Nov 15, 2023
Recent Insider Transactions • Sep 21Chairman recently bought €2.1m worth of stockOn the 18th of September, Man Li Wong bought around 3m shares on-market at roughly €0.70 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €6.3m worth in shares.
お知らせ • Jul 01Man Wah Holdings Limited Declares Final Dividend for the Year Ended 31 March 2023, Payable on or Before 20 July 2023Man Wah Holdings Limited at its AGM held on 30 June 2023 approved to declare a final dividend of HKD 0.10 cents per share for the year ended 31 March 2023. The final dividend will be paid to the Shareholders on or before 20 July 2023.
Upcoming Dividend • Jun 27Upcoming dividend of HK$0.10 per share at 5.0% yieldEligible shareholders must have bought the stock before 04 July 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.0%).
お知らせ • May 31Man Wah Holdings Limited Announces Executive Changes, Effective 1 June 2023The board of directors of Man Wah Holdings Limited announced that Ms. Liu Xiaoting has resigned as the company secretary of the Company with effect from 1 June 2023. Mr. Zhang Xian will be appointed as the Company Secretary with effect from 1 June 2023. Mr. Zhang graduated with a bachelor of business administration degree in professional accountancy from the Chinese University of Hong Kong in 2009 and a master's degree in business administration from the Hong Kong University of Science and Technology in 2019. He is a member of the Hong Kong Institute of Certified Public Accountants. He has over 13 years of experience in auditing, accounting and financial management. Ms. Liu will cease to be the authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange and the authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), and Mr. Zhang will be appointed as the Authorised Representative for the purposes of the Listing Rules and the Companies Ordinance, with effect from 1 June 2023.
Reported Earnings • May 16Full year 2023 earnings released: EPS: HK$0.49 (vs HK$0.57 in FY 2022)Full year 2023 results: EPS: HK$0.49 (down from HK$0.57 in FY 2022). Revenue: HK$17.4b (down 19% from FY 2022). Net income: HK$1.91b (down 15% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • May 16+ 1 more updateMan Wah Holdings Limited, Annual General Meeting, Jun 30, 2023Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2023. Agenda: To consider final dividend in respect of the year ended 31 March 2023.
Buying Opportunity • Mar 10Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €1.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 31% in the next 2 years.
Upcoming Dividend • Nov 21Upcoming dividend of HK$0.15 per shareEligible shareholders must have bought the stock before 28 November 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 54% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%).
Reported Earnings • Nov 17First half 2023 earnings released: EPS: HK$0.28 (vs HK$0.25 in 1H 2022)First half 2023 results: EPS: HK$0.28 (up from HK$0.25 in 1H 2022). Revenue: HK$9.29b (down 9.1% from 1H 2022). Net income: HK$1.09b (up 11% from 1H 2022). Profit margin: 12% (up from 9.7% in 1H 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Silas Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Nov 16Man Wah Holdings Limited Announces Interim Dividend for the Six Months Ended 30 September 2022, Payable on 16 December 2022Man Wah Holdings Limited announced Interim Dividend of HKD 0.15 per share for the Six Months Ended 30 September 2022. The dividend payable on 16 December 2022 and Ex-dividend date of 28 November 2022.
お知らせ • Nov 03Man Wah Holdings Limited to Report First Half, 2023 Results on Nov 15, 2022Man Wah Holdings Limited announced that they will report first half, 2023 results on Nov 15, 2022
お知らせ • Jul 30Man Wah Holdings Appoints Jay Quimby as Senior Vice President of SalesMan Wah Holdings announced the hiring of Jay Quimbyas as Senior Vice President of Sales. In this new position, Quimby will be responsible for building new business through alternative channels while contributing to the focus of the senior management team. This new initiative for Man Wah will expand its distribution footprint, supporting investment in additional upholstery capacity. Quimby comes to Man Wah with decades of experience in the furniture industry, the last 20-plus years in various senior leadership positions at United Furniture. Most recently, he served for 11 years as Executive Vice President of Sales, managing the entire sales division while also overseeing marketing, upholstery product development as well as parts and warranty. In this role, he cultivated and expanded business with the top 100 retailers, mass merchants, rent to own, e-commerce, home improvement centers, department and specialty stores, distributors, international markets and other emerging distribution channels.
Recent Insider Transactions • Jul 22Chairman recently bought €4.2m worth of stockOn the 18th of July, Man Li Wong bought around 5m shares on-market at roughly €0.84 per share. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €13m worth in shares.
お知らせ • Jul 01Man Wah Holdings Limited Approves Final Dividend for the Year Ended 31 March 2022, Payable on or before 21 July 2022Man Wah Holdings Limited at its AGM held on June 30, 2022 approved final dividend of HK 17.00 cents per share for the year ended 31 March 2022. The final dividend will be paid to the Shareholders on or before Thursday, 21 July 2022.
Upcoming Dividend • Jun 28Upcoming dividend of HK$0.17 per shareEligible shareholders must have bought the stock before 05 July 2022. Payment date: 21 July 2022. Payout ratio is a comfortable 53% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.3%).
お知らせ • May 17Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2022Man Wah Holdings Limited, Annual General Meeting, Jun 30, 2022.
Reported Earnings • May 17Full year 2022 earnings released: EPS: HK$0.57 (vs HK$0.50 in FY 2021)Full year 2022 results: EPS: HK$0.57 (up from HK$0.50 in FY 2021). Revenue: HK$21.5b (up 31% from FY 2021). Net income: HK$2.25b (up 17% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 17Man Wah Holdings Limited Proposes Final Dividend for the Year Ended 31 March 2022, Payable on 21 July 2022Man Wah Holdings Limited proposed the final dividend of HKD 0.17 per share for the year ended 31 March 2022. The dividend will paid on 21 July 2022 and ex-dividend date is 05 July 2022. The record date is 11 July 2022. Date of shareholders' approval is 30 June 2022.
お知らせ • May 05Man Wah Holdings Limited to Report Fiscal Year 2022 Results on May 16, 2022Man Wah Holdings Limited announced that they will report fiscal year 2022 results on May 16, 2022
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Silas Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Recent Insider Transactions • Mar 29Chairman recently bought €2.0m worth of stockOn the 22nd of March, Man Li Wong bought around 2m shares on-market at roughly €0.95 per share. This was the largest purchase by an insider in the last 3 months. Man Li has been a buyer over the last 12 months, purchasing a net total of €7.4m worth in shares.
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment improved over the past weekAfter last week's 22% share price gain to €1.01, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 145% over the past three years.
お知らせ • Feb 24Man Wah Holdings Limited Announces Executive Changes Effective from 28 February 2022The board of Man Wah Holdings Limited announces that Ms. Fu Ying ("Ms. Fu") has resigned as the company secretary of the Company (the "Company Secretary") with effect from 28 February 2022. Ms. Liu Xiaoting ("Ms. Liu") will be appointed as the Company Secretary with effect from 28 February 2022. Ms. Fu will cease to be the authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") and the authorised representative of the Company for accepting on the Company's behalf service of process or notice to be served on the Company in Hong Kong under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Companies Ordinance") (collectively, the "Authorised Representative"), and Ms. Liu will be appointed as the Authorised Representative for the purposes of the Listing Rules and the Companies Ordinance, with effect from 28 February 2022.
Upcoming Dividend • Nov 18Upcoming dividend of HK$0.13 per shareEligible shareholders must have bought the stock before 25 November 2021. Payment date: 15 December 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.1%). In line with average of industry peers (2.0%).
Reported Earnings • Nov 14First half 2022 earnings released: EPS HK$0.25 (vs HK$0.20 in 1H 2021)The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2022 results: Revenue: HK$10.2b (up 54% from 1H 2021). Net income: HK$988.1m (up 32% from 1H 2021). Profit margin: 9.7% (down from 11% in 1H 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 29Upcoming dividend of HK$0.16 per shareEligible shareholders must have bought the stock before 06 July 2021. Payment date: 22 July 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (2.2%).
お知らせ • May 29Man Wah Holdings Limited Announces Proposes Final Dividend for the Fiscal Year 2021, Payable on 22 July 2021Man Wah Holdings Limited to declare a final dividend of HK 16.00 cents per share for the year ended 31 March 2021. The proposed final dividend (the payment of which is subject to the Shareholders' approval at the AGM) is to be payable on, 22 July 2021 to Shareholders whose name appear on the register of members of the Company on, 12 July 2021.
Reported Earnings • May 18Full year 2021 earnings released: EPS HK$0.50 (vs HK$0.43 in FY 2020)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: HK$16.4b (up 35% from FY 2020). Net income: HK$1.92b (up 18% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to HK$1.76, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.06 per share.
Valuation Update With 7 Day Price Move • Feb 25Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to HK$1.97, the stock is trading at a trailing P/E ratio of 41.9x, down from the previous P/E ratio of 49.3x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 188%.
Valuation Update With 7 Day Price Move • Feb 04Investor sentiment improved over the past weekAfter last week's 18% share price gain to HK$2.12, the stock is trading at a trailing P/E ratio of 44.8x, up from the previous P/E ratio of 38x. This compares to an average P/E of 27x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 220%.
Is New 90 Day High Low • Feb 03New 90-day high: €2.04The company is up 43% from its price of €1.43 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.03 per share.
お知らせ • Jan 24Man Wah Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 2.3775 billion.Man Wah Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 2.3775 billion. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 150,000,000 Price\Range: HKD 15.85 Transaction Features: Regulation S; Subsequent Direct Listing
Is New 90 Day High Low • Jan 13New 90-day high: €1.82The company is up 52% from its price of €1.20 on 15 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.10 per share.
お知らせ • Dec 29+ 1 more updateMan Wah Holdings Limited Announces Executive Changes, Effective December 31, 2020The board of directors of Man Wah Holdings Limited hereby announced that with effect from 31 December 2020, for the purpose of pursuing her other personal commitment, Ms. Yang Huiyan will resign as Chief Financial Officer of the company. The Board further announced that it has resolved to appoint Mr. Yang Qing as the Chief Financial Officer with effect from 31 December 2020. Mr. Yang has joined the Company as the deputy chief financial officer since May 2020. He worked for Hisense Group Co. Ltd. from February 2001 to March 2020.
Is New 90 Day High Low • Dec 19New 90-day high: €1.69The company is up 37% from its price of €1.23 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.05 per share.
Reported Earnings • Dec 04First half 2021 earnings released: EPS HK$0.20The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$6.64b (up 19% from 1H 2020). Net income: HK$749.3m (up 6.2% from 1H 2020). Profit margin: 11% (down from 13% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Nov 19Upcoming Dividend of HK$0.10 Per ShareWill be paid on the 13th of January to those who are registered shareholders by the 26th of November. The trailing yield of 1.6% is below the top quartile of German dividend payers (3.7%), and is lower than industry peers (2.4%).
Reported Earnings • Nov 15First half 2021 earnings released: EPS HK$0.20The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$6.64b (up 19% from 1H 2020). Net income: HK$749.3m (up 6.2% from 1H 2020). Profit margin: 11% (down from 13% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Nov 05New 90-day high: €1.37The company is up 27% from its price of €1.08 on 06 August 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.81 per share.
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 18% share price gain to HK$1.37, the stock is trading at a trailing P/E ratio of 29.8x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 28x in the Consumer Durables industry in Germany. Total returns to shareholders over the past three years are 90%.
お知らせ • Nov 05Man Wah Holdings Limited Appoints Feng Guohua as the Chief Executive Officer with Effect from November 3, 2020The board of directors of Man Wah Holdings Limited announced that Feng Guohua will be appointed as the Chief Executive Officer of the Company with effect from November 3, 2020. Mr. Feng, aged 52, has over 25 years of experience in information technology and management of consultancy services. Mr. Feng has extensive international exposure and experience in providing consulting services to multinational companies, state-owned enterprises and private enterprises. Mr. Feng is currently served as an independent director of Shanghai Jahwa United Co. Ltd. and he is also an independent non-executive director of Wison Engineering and Technical Services Limited.
お知らせ • Nov 04Man Wah Holdings Limited Appoints Feng Guohua as an Executive Director with Effect from November 3, 2020The board of directors of Man Wah Holdings Limited announced that Feng Guohua will be appointed as an executive Director with effect from November 3, 2020. Mr. Feng, aged 52, has over 25 years of experience in information technology and management of consultancy services. Mr. Feng has extensive international exposure and experience in providing consulting services to multinational companies, state-owned enterprises and private enterprises. Mr. Feng is currently served as an independent director of Shanghai Jahwa United Co. Ltd. and he is also an independent non-executive director of Wison Engineering and Technical Services Limited. Mr. Feng has entered into a service contract with the Company for his appointment as an executive Director for a term commencing from November 3, 2020 for a term of three years, subject to the re-election at the next annual general meeting in accordance with the articles of association of the company.
お知らせ • Oct 20Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire HTL Capital Pte. Ltd. and HTL Manufacturing Pte. Ltd. from Golden Hill Capital Pte. Ltd. for $120 million.Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire HTL Capital Pte. Ltd. and HTL Manufacturing Pte. Ltd. from Golden Hill Capital Pte. Ltd. for $120 million on October 19, 2020. Purchase consideration of $120 million will be paid by Man Wah Holdings to HTL International Holdings. Subject to contract, the definitive sale and purchase agreement will propose, among others, the purchase consideration, an interest-free interim credit facility from Man Wah Holdings Limited to the HTL International Holdings Pte. Ltd. of $20 million to support the HTL Capital and HTL Manufacturing’s business during the period between signing of the agreement and completion of the proposed acquisition and such interest-free interim credit facility provided to HTL Capital and HTL Manufacturing shall not be set off against the purchase consideration and a working capital facility of $20 million upon completion of the proposed acquisition. Any contract with the judicial managers would be subject to conditions to be agreed, including the Singapore High Court making a final declaration by the long stop date, declaring that the disputed sale null and void, directing the judicial managers to accept the acquisition offer made by Man Wah Holdings and restraining the judicial managers from proceeding with any resolution and/or taking any steps to wind up HTL International Holdings. Long stop date of transaction is March 31, 2021.
お知らせ • Oct 07Man Wah Holdings Limited to Report First Half, 2021 Results on Nov 13, 2020Man Wah Holdings Limited announced that they will report first half, 2021 results on Nov 13, 2020
お知らせ • Jul 17Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire a 60% stake in HTL International Holdings Limited from Ideal Homes International Limited for $94.2 million.Man Wah Holdings Limited (SEHK:1999) signed a framework agreement to acquire a 60% stake in HTL International Holdings Limited from Ideal Homes International Limited for $94.2 million on July 10, 2020. Under the terms, the equity stake will be purchased for up to $60 million and up to $57 million will be made available to settle some of the target's payables. 40% of the target's payables will be assigned to the Vendor on a dollar for dollar basis. The maximum cash outlay in connection with the acquisition and the target group payables is $94.2 million. Man Wah currently expects to finance the Consideration by its internal resources. Post completion, Ideal Homes will own a 40% stake in HTL International. For the year ended December 31, 2019, net profit after tax of $38.5 million. The transaction is subject to the completion of the Definitive Assignment; completion of the due diligence on the Target; all necessary applicable consents, approvals (including board and shareholder resolutions) and waivers from Man Wah and the vendor. Man Wah has obtained a written approval from its shareholders representing 65.11% of the issued share capital, therefore no general meeting of Man Wah will be convened to approve the acquisition. The transaction has a long stop date of October 31, 2020 for completion.