ManpowerGroup Greater China
Market Cap
HK$1.8b
Last Updated
2020/03/31 13:57 UTC
Data Sources
Company Financials +
Executive Summary
ManpowerGroup Greater China Limited, an investment holding company, provides workforce solutions and other HR services to clients in the People’s Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Share Price & News
How has ManpowerGroup Greater China's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 2180's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.0%
2180
1.5%
HK Professional Services
5.3%
HK Market
1 Year Return
n/a
2180
-31.6%
HK Professional Services
-20.4%
HK Market
Return vs Industry: Insufficient data to determine how 2180 performed against the Hong Kong Professional Services industry.
Return vs Market: Insufficient data to determine how 2180 performed against the Hong Kong Market.
Shareholder returns
| 2180 | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 1.5% | 5.3% |
| 30 Day | -28.0% | -10.6% | -8.5% |
| 90 Day | -10.8% | -7.8% | -14.7% |
| 1 Year | n/a | -31.6%-31.6% | -17.6%-20.4% |
| 3 Year | n/a | -45.7%-46.3% | -2.5%-12.3% |
| 5 Year | n/a | 62.1%52.1% | -5.7%-20.9% |
Price Volatility Vs. Market
How volatile is ManpowerGroup Greater China's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall St
Analysts Have Lowered Expectations For ManpowerGroup Greater China Limited (HKG:2180) After Its Latest Results4 weeks ago | Simply Wall St
What Is ManpowerGroup Greater China's (HKG:2180) P/E Ratio After Its Share Price Rocketed?1 month ago | Simply Wall St
Does ManpowerGroup Greater China Limited's (HKG:2180) P/E Ratio Signal A Buying Opportunity?Valuation
Is ManpowerGroup Greater China undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2180 (HK$8.65) is trading below our estimate of fair value (HK$20.24)
Significantly Below Fair Value: 2180 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 2180 is good value based on its PE Ratio (12.7x) compared to the Professional Services industry average (14.6x).
PE vs Market: 2180 is poor value based on its PE Ratio (12.7x) compared to the Hong Kong market (8.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2180 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 2180 is good value based on its PB Ratio (1.4x) compared to the HK Professional Services industry average (1.4x).
Next Steps
Future Growth
How is ManpowerGroup Greater China forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
25.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2180's forecast earnings growth (25.3% per year) is above the savings rate (1.6%).
Earnings vs Market: 2180's earnings (25.3% per year) are forecast to grow faster than the Hong Kong market (12.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2180's revenue (20.3% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 2180's revenue (20.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2180's Return on Equity is forecast to be low in 3 years time (16.4%).
Next Steps
Past Performance
How has ManpowerGroup Greater China performed over the past 5 years?
15.9%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 2180 has high quality earnings.
Growing Profit Margin: 2180's current net profit margins (3.6%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 2180's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare 2180's past year earnings growth to its 5-year average.
Earnings vs Industry: 2180 earnings growth over the past year (15.9%) exceeded the Professional Services industry 11.7%.
Return on Equity
High ROE: 2180's Return on Equity (9.9%) is considered low.
Next Steps
Financial Health
How is ManpowerGroup Greater China's financial position?
Financial Position Analysis
Short Term Liabilities: 2180's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥452.9M).
Long Term Liabilities: 2180's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥57.9M).
Debt to Equity History and Analysis
Debt Level: 2180 is debt free.
Reducing Debt: 2180 had no debt 5 years ago.
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
Inventory Level: 2180 has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if 2180's debt is covered by short term assets.
Next Steps
Dividend
What is ManpowerGroup Greater China's current dividend yield, its reliability and sustainability?
3.03%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2180's dividend (3.03%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.63%).
High Dividend: 2180's dividend (3.03%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.28%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 2180's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2180's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.6%), 2180's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 2180's dividends in 3 years are forecast to be well covered by earnings (45% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.7yrs
Average management tenure
CEO
Jianhua Yuan (43yo)
4.42s
Tenure
Mr. Yuan Jianhua is the Director of ManpowerGroup Greater China Ltd from September 26, 2014 and re-designated as our executive Director on January 18, 2019. Mr. Yuan is primarily responsible for formulatin ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Executive Director | 4.42yrs | no data | no data | |
| Chief Financial Officer | 4.17yrs | no data | no data | |
| Joint Company Secretary | 1.17yrs | no data | no data | |
| Joint Company Secretary | 1.17yrs | no data | no data |
2.7yrs
Average Tenure
Experienced Management: 2180's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Executive Director | 4.42yrs | no data | no data | |
| Chairman | 4.58yrs | no data | no data | |
| Independent Non-Executive Director | 1yr | no data | no data | |
| Independent Non-Executive Director | 1yr | no data | no data | |
| Non-Executive Director | 4.58yrs | no data | no data | |
| Non-Executive Director | 4.58yrs | no data | no data | |
| Independent Non-Executive Director | 1yr | no data | no data | |
| Non-Executive Director | 4.58yrs | no data | no data |
4.6yrs
Average Tenure
50yo
Average Age
Experienced Board: 2180's board of directors are considered experienced (4.6 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.
Ownership Breakdown
Dilution of Shares: 2180 only recently listed within the past 12 months, with total shares outstanding growing by 18% in the past year..
Top Shareholders
Company Information
ManpowerGroup Greater China Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ManpowerGroup Greater China Limited
- Ticker: 2180
- Exchange: SEHK
- Founded: 1997
- Industry: Human Resource and Employment Services
- Sector: Commercial Services
- Market Cap: HK$1.795b
- Shares outstanding: 207.50m
- Website: https://www.manpowergroupgrc.com
Number of Employees
Location
- ManpowerGroup Greater China Limited
- Building A, 36th Floor
- Xin Mei Union Square
- Shanghai
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2180 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Jul 2019 |
Biography
ManpowerGroup Greater China Limited, an investment holding company, provides workforce solutions and other HR services to clients in the People’s Republic of China. It offers flexible staffing solutions to deliver associates to its clients and assist in managing their contingent labor needs; headhunting services that help enterprises in selecting various senior-level talents; recruitment process outsourcing services that allows clients to outsource their recruitment needs; and other HR services, including HR consultancy services, training and development services, career transition services, and other services. The company was founded in 1997 and is headquartered in Shanghai, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 13:57 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.