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2180

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
Valuation0/6
Future Growth0/6
Past Performance1/6
Financial Health6/6
Dividends3/6

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 Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for ManpowerGroup Greater China
Historical stock prices
Current Share PriceHK$9.65
52 Week HighHK$9.90
52 Week LowHK$8.02
Beta0.061
1 Month Change6.63%
3 Month Change14.61%
1 Year Change2.12%
3 Year Changen/a
5 Year Changen/a
Change since IPO-1.53%

Recent News & Updates

Apr 28
ManpowerGroup Greater China (HKG:2180) Will Pay A Larger Dividend Than Last Year At HK$0.37

ManpowerGroup Greater China (HKG:2180) Will Pay A Larger Dividend Than Last Year At HK$0.37

The board of ManpowerGroup Greater China Limited ( HKG:2180 ) has announced that it will be increasing its dividend on...

Apr 07
ManpowerGroup Greater China (HKG:2180) Is Increasing Its Dividend To HK$0.37

ManpowerGroup Greater China (HKG:2180) Is Increasing Its Dividend To HK$0.37

ManpowerGroup Greater China Limited ( HKG:2180 ) has announced that it will be increasing its dividend on the 20th of...

Shareholder Returns

2180HK Professional ServicesHK Market
7D3.9%-0.7%2.1%
1Y2.1%-23.2%-23.3%

Return vs Industry: 2180 exceeded the Hong Kong Professional Services industry which returned -23.8% over the past year.

Return vs Market: 2180 exceeded the Hong Kong Market which returned -23.3% over the past year.

Price Volatility

Is 2180's price volatile compared to industry and market?
2180 volatility
2180 Average Weekly Movement2.8%
Professional Services Industry Average Movement7.1%
Market Average Movement7.0%
10% most volatile stocks in HK Market13.8%
10% least volatile stocks in HK Market3.3%

Stable Share Price: 2180 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 2180's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19971,322Zhihui Cuihttps://www.manpowergrc.com

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?
2180 fundamental statistics
Market CapCN¥1.71b
Earnings (TTM)CN¥139.17m
Revenue (TTM)CN¥3.97b

12.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
2180 income statement (TTM)
RevenueCN¥3.97b
Cost of RevenueCN¥3.33b
Gross ProfitCN¥638.23m
Other ExpensesCN¥499.07m
EarningsCN¥139.17m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.67
Gross Margin16.08%
Net Profit Margin3.51%
Debt/Equity Ratio0%

How did 2180 perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

45%

Payout Ratio

Does 2180 pay a reliable dividends?

See 2180 dividend history and benchmarks
When do you need to buy 2180 by to receive an upcoming dividend?
ManpowerGroup Greater China dividend dates
Ex Dividend DateJul 04 2022
Dividend Pay DateJul 20 2022
Days until Ex dividend9 days
Days until Dividend pay date25 days

Does 2180 pay a reliable dividends?

See 2180 dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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.

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.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA3.7x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 2180's PE Ratio compare to its peers?

2180 PE Ratio vs Peers
The above table shows the PE ratio for 2180 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.2x

Price-To-Earnings vs Peers: 2180 is expensive based on its Price-To-Earnings Ratio (12.3x) compared to the peer average (11.2x).


Price to Earnings Ratio vs Industry

How does 2180's PE Ratio compare vs other companies in the Professional Services Industry?

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 Ratio12.3x
Fair PE Ration/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.


Discover growth companies

  • 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.


Discover strong past performing companies

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

TodayJun 25 2022Ex Dividend DateJul 04 2022Dividend Pay DateJul 20 202216 days from Ex DividendBuy in the next 9 days to receive the upcoming dividend

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.


Discover strong dividend paying companies

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


Key Information

  • Name: ManpowerGroup Greater China Limited
  • Ticker: 2180
  • Exchange: SEHK
  • Founded: 1997
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: HK$2.002b
  • Shares outstanding: 207.50m
  • Website: https://www.manpowergrc.com

Number of Employees


Location

  • ManpowerGroup Greater China Limited
  • Building A, Xin Mei Union Square
  • 36th Floor
  • Shanghai
  • China

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.