ManpowerGroup Greater China
Market Cap
HK$2.3b
Last Updated
2021/01/27 10:22 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, Hong Kong, Macau, and Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
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 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 2180's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
6.1%
2180
-6.2%
HK Professional Services
-2.0%
HK Market
1 Year Return
9.6%
2180
-43.0%
HK Professional Services
19.3%
HK Market
Return vs Industry: 2180 exceeded the Hong Kong Professional Services industry which returned -44.5% over the past year.
Return vs Market: 2180 underperformed the Hong Kong Market which returned 15.9% over the past year.
Shareholder returns
| 2180 | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.1% | -6.2% | -2.0% |
| 30 Day | -7.2% | -9.0% | 12.0% |
| 90 Day | -19.2% | -17.6% | 18.6% |
| 1 Year | 12.8%9.6% | -42.7%-43.0% | 24.0%19.3% |
| 3 Year | n/a | -55.5%-56.5% | -3.5%-13.7% |
| 5 Year | n/a | -90.8%-91.9% | 71.5%42.4% |
Long-Term 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
1 day ago | Simply Wall St
What Do The Returns On Capital At ManpowerGroup Greater China (HKG:2180) Tell Us?1 month ago | Simply Wall St
ManpowerGroup Greater China Limited's (HKG:2180) Stock's On An Uptrend: Are Strong Financials Guiding The Market?1 month ago | Simply Wall St
Does ManpowerGroup Greater China's (HKG:2180) Share Price Gain of 31% Match Its Business Performance?Valuation
Is ManpowerGroup Greater China undervalued compared to its fair value and its price relative to the market?
33.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 2180 (HK$11.14) is trading below our estimate of fair value (HK$16.76)
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 (14.8x) compared to the XA Professional Services industry average (22.1x).
PE vs Market: 2180 is poor value based on its PE Ratio (14.8x) compared to the Hong Kong market (11.9x).
Price to Earnings Growth Ratio
PEG Ratio: 2180 is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: 2180's PB Ratio (1.6x) is in line with the HK Professional Services industry average.
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?
21.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2180's forecast earnings growth (21.6% per year) is above the savings rate (1.5%).
Earnings vs Market: 2180's earnings (21.6% per year) are forecast to grow faster than the Hong Kong market (21.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2180's revenue (21.3% per year) is forecast to grow faster than the Hong Kong market (14.4% per year).
High Growth Revenue: 2180's revenue (21.3% 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 (15.4%).
Next Steps
Past Performance
How has ManpowerGroup Greater China performed over the past 5 years?
18.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2180 has high quality earnings.
Growing Profit Margin: 2180's current net profit margins (4%) are higher than last year (3.2%).
Past Earnings Growth Analysis
Earnings Trend: 2180's earnings have grown by 18% per year over the past 5 years.
Accelerating Growth: 2180's earnings growth over the past year (41%) exceeds its 5-year average (18% per year).
Earnings vs Industry: 2180 earnings growth over the past year (41%) exceeded the Professional Services industry -2.6%.
Return on Equity
High ROE: 2180's Return on Equity (10.9%) 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¥507.5M).
Long Term Liabilities: 2180's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥46.4M).
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
Next Steps
Dividend
What is ManpowerGroup Greater China current dividend yield, its reliability and sustainability?
2.42%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2180's dividend (2.42%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.07%).
High Dividend: 2180's dividend (2.42%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.62%).
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 (38.2%), 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?
3.5yrs
Average management tenure
CEO
Jianhua Yuan (44 yo)
5.33yrs
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 | 5.33yrs | no data | 0.099% CN¥ 2.3m | |
| Chief Financial Officer | 5yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Joint Company Secretary | 2yrs | no data | no data | |
| Joint Company Secretary | 0.33yr | no data | no data |
3.5yrs
Average Tenure
44yo
Average Age
Experienced Management: 2180's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Executive Director | 5.33yrs | no data | 0.099% CN¥ 2.3m | |
| Chairman | 5.42yrs | no data | no data | |
| Independent Non-Executive Director | 1.83yrs | no data | no data | |
| Non Executive Director | 0.58yr | no data | no data | |
| Independent Non-Executive Director | 1.83yrs | no data | no data | |
| Non-Executive Director | 5.42yrs | no data | no data | |
| Independent Non-Executive Director | 1.83yrs | no data | no data | |
| Non-Executive Director | 5.42yrs | no data | no data |
3.6yrs
Average Tenure
51yo
Average Age
Experienced Board: 2180's board of directors are considered experienced (3.6 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.
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 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$2.316b
- Shares outstanding: 207.50m
- Website: https://www.manpowergroupgrc.com
Number of Employees
Location
- ManpowerGroup Greater China Limited
- Xin Mei Union Square
- 36th Floor, Building A
- Shanghai
- Shanghai Province
- 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, Hong Kong, Macau, and Taiwan. The compan...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/27 10:22 |
| End of Day Share Price | 2021/01/27 00:00 |
| Earnings | 2020/06/30 |
| 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.