ManpowerGroup Greater China SEHK:2180 Stock Report
Last Price
HK$9.65
Market Cap
HK$2.0b
7D
3.9%
1Y
2.1%
Updated
24 Jun, 2022
Data
Company Financials
2180 fundamental analysis
Snowflake Score
Valuation
0/6
Future Growth
0/6
Past Performance
1/6
Financial Health
6/6
Dividends
3/6
2180 Stock Overview
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.
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.
ManpowerGroup Greater China Fundamentals Summary
How do ManpowerGroup Greater China's earnings and revenue compare to its market cap?
Is 2180 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2180?
Other financial metrics that can be useful for relative valuation.
The above table shows the n/a ratio for 2180. This is calculated by dividing 2180's market cap by their current
preferred multiple.
What is 2180's n/a Ratio?
n/a Ratio
0x
n/a
n/a
Market Cap
CN¥1.71b
2180 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Price-To-Earnings vs Industry: 2180 is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the Hong Kong Professional Services industry average (8x)
Price to Earnings Ratio vs Fair Ratio
What is 2180's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
2180 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio
12.3x
Fair PE Ratio
n/a
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 2180's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 2180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2180 (HK$9.65) is trading above our estimate of fair value (HK$9.1)
Significantly Below Fair Value: 2180 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 2180's PEG Ratio to determine if it is good value.
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Future Growth
How is ManpowerGroup Greater China forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
18.0%
Forecasted Commercial Services industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ManpowerGroup Greater China has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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Examine ManpowerGroup Greater China's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
ManpowerGroup Greater China competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has ManpowerGroup Greater China performed over the past 5 years?
Past Performance Score
1/6
Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2180 has a high level of non-cash earnings.
Growing Profit Margin: 2180's current net profit margins (3.5%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: 2180's earnings have grown by 14.5% per year over the past 5 years.
Accelerating Growth: 2180's earnings growth over the past year (10.1%) is below its 5-year average (14.5% per year).
Earnings vs Industry: 2180 earnings growth over the past year (10.1%) underperformed the Professional Services industry 15.3%.
Return on Equity
High ROE: 2180's Return on Equity (11.5%) is considered low.
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Financial Health
How is ManpowerGroup Greater China's financial position?
Financial Health Score
6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 2180's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥619.4M).
Long Term Liabilities: 2180's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥40.4M).
Debt to Equity History and Analysis
Debt Level: 2180 is debt free.
Reducing Debt: 2180 has no debt compared to 5 years ago when its debt to equity ratio was 0%.
Debt Coverage: 2180 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 2180 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is ManpowerGroup Greater China current dividend yield, its reliability and sustainability?
Dividend Score
2/6
Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.64%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 2180's dividend (3.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.76%).
High Dividend: 2180's dividend (3.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 2180 has been paying a dividend for less than 10 years.
Growing Dividend: 2180's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.7%), 2180's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.7%), 2180's dividend payments are covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
1.8yrs
Average management tenure
CEO
Zhihui Cui (44 yo)
1.25yrs
Tenure
Mr. Zhihui Cui serves as Chief Executive Officer and Executive Director at ManpowerGroup Greater China Limited since March 31, 2021. Mr. Cui served as Chief Financial Officer at ManpowerGroup Greater China...
Leadership Team
Experienced Management: 2180's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
Experienced Board: 2180's board of directors are considered experienced (3.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ManpowerGroup Greater China Limited's employee growth, exchange listings and data sources
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2022/06/24 00:00
End of Day Share Price
2022/06/24 00:00
Earnings
2021/12/31
Annual Earnings
2021/12/31
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.