| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 3/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
1999 Stock Overview
Man Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally.
Man Wah Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$8.15 |
| 52 Week High | HK$19.50 |
| 52 Week Low | HK$6.56 |
| Beta | 1.94 |
| 1 Month Change | 12.88% |
| 3 Month Change | -3.89% |
| 1 Year Change | -57.15% |
| 3 Year Change | 136.92% |
| 5 Year Change | 16.26% |
| Change since IPO | 386.57% |
Recent News & Updates
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Shareholder Returns
| 1999 | HK Consumer Durables | HK Market | |
|---|---|---|---|
| 7D | 14.1% | 1.2% | 1.2% |
| 1Y | -57.2% | -52.3% | -23.3% |
Return vs Industry: 1999 underperformed the Hong Kong Consumer Durables industry which returned -52.3% over the past year.
Return vs Market: 1999 underperformed the Hong Kong Market which returned -23.3% over the past year.
Price Volatility
| 1999 volatility | |
|---|---|
| 1999 Average Weekly Movement | 9.9% |
| Consumer Durables Industry Average Movement | 7.0% |
| Market Average Movement | 7.0% |
| 10% most volatile stocks in HK Market | 13.7% |
| 10% least volatile stocks in HK Market | 3.3% |
Stable Share Price: 1999 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: 1999's weekly volatility (10%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1992 | 28,685 | Man Li Wong | https://www.manwahholdings.com |
Man Wah Holdings Limited, an investment holding company, engages in the manufacture, wholesale, trading, and distribution of sofas and ancillary products in the People's Republic of China, North America, Europe, and internationally. The company operates through Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business segments. It offers mattresses, smart furniture spare parts, and metal mechanism for recliners.
Man Wah Holdings Fundamentals Summary
| 1999 fundamental statistics | |
|---|---|
| Market Cap | HK$32.02b |
| Earnings (TTM) | HK$2.25b |
| Revenue (TTM) | HK$21.50b |
14.2x
P/E Ratio1.5x
P/S RatioIs 1999 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 1999 income statement (TTM) | |
|---|---|
| Revenue | HK$21.50b |
| Cost of Revenue | HK$13.61b |
| Gross Profit | HK$7.89b |
| Other Expenses | HK$5.64b |
| Earnings | HK$2.25b |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.57 |
| Gross Margin | 36.71% |
| Net Profit Margin | 10.46% |
| Debt/Equity Ratio | 34.0% |
How did 1999 perform over the long term?
See historical performance and comparisonDividends
3.7%
Current Dividend Yield53%
Payout RatioDoes 1999 pay a reliable dividends?
See 1999 dividend history and benchmarks| Man Wah Holdings dividend dates | |
|---|---|
| Ex Dividend Date | Jul 05 2022 |
| Dividend Pay Date | Jul 21 2022 |
| Days until Ex dividend | 10 days |
| Days until Dividend pay date | 26 days |
Does 1999 pay a reliable dividends?
See 1999 dividend history and benchmarksValuation
Is 1999 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 1999?
Other financial metrics that can be useful for relative valuation.
| What is 1999's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | HK$32.02b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.6x |
| Enterprise Value/EBITDA | 10.1x |
| PEG Ratio | 0.9x |
Price to Earnings Ratio vs Peers
How does 1999's PE Ratio compare to its peers?
| 1999 PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 28.5x |
Price-To-Earnings vs Peers: 1999 is good value based on its Price-To-Earnings Ratio (14.2x) compared to the peer average (28.5x).
Price to Earnings Ratio vs Industry
How does 1999's PE Ratio compare vs other companies in the Hong Kong Consumer Durables Industry?
Price-To-Earnings vs Industry: 1999 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the Hong Kong Consumer Durables industry average (8.7x)
Price to Earnings Ratio vs Fair Ratio
What is 1999'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 14.2x |
| Fair PE Ratio | 13.9x |
Price-To-Earnings vs Fair Ratio: 1999 is expensive based on its Price-To-Earnings Ratio (14.2x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).
Share Price vs Fair Value
What is the Fair Price of 1999 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 1999 (HK$8.15) is trading below our estimate of fair value (HK$23.08)
Significantly Below Fair Value: 1999 is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: 1999 is good value based on its PEG Ratio (0.9x)
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Future Growth
How is Man Wah Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
16.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 1999's forecast earnings growth (16.1% per year) is above the savings rate (1.5%).
Earnings vs Market: 1999's earnings (16.1% per year) are forecast to grow slower than the Hong Kong market (16.8% per year).
High Growth Earnings: 1999's earnings are forecast to grow, but not significantly.
Revenue vs Market: 1999's revenue (13.4% per year) is forecast to grow faster than the Hong Kong market (10.1% per year).
High Growth Revenue: 1999's revenue (13.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 1999's Return on Equity is forecast to be high in 3 years time (22%)
Discover growth companies
Past Performance
How has Man Wah Holdings performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
7.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1999 has high quality earnings.
Growing Profit Margin: 1999's current net profit margins (10.5%) are lower than last year (11.7%).
Past Earnings Growth Analysis
Earnings Trend: 1999's earnings have grown by 7.1% per year over the past 5 years.
Accelerating Growth: 1999's earnings growth over the past year (16.8%) exceeds its 5-year average (7.1% per year).
Earnings vs Industry: 1999 earnings growth over the past year (16.8%) exceeded the Consumer Durables industry -8.3%.
Return on Equity
High ROE: 1999's Return on Equity (18.2%) is considered low.
Discover strong past performing companies
Financial Health
How is Man Wah Holdings's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: 1999's short term assets (HK$9.3B) exceed its short term liabilities (HK$7.4B).
Long Term Liabilities: 1999's short term assets (HK$9.3B) exceed its long term liabilities (HK$329.4M).
Debt to Equity History and Analysis
Debt Level: 1999's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 1999's debt to equity ratio has increased from 19.8% to 34% over the past 5 years.
Debt Coverage: 1999's debt is well covered by operating cash flow (53.6%).
Interest Coverage: 1999 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is Man Wah Holdings's current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.68%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1999's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.76%).
High Dividend: 1999's dividend (3.68%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.89%).
Stability and Growth of Payments
Stable Dividend: 1999's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1999's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.7%), 1999's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (202.8%), 1999's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Man Li Wong (56 yo)
0.25
Tenure
HK$2,167,000
Compensation
Mr. Wong Man Li, BBS, founded Man Wah Holdings Ltd. in 1992 and has been its Chairman of the Board and Managing Director since November 17, 2004. Mr. Wong serves as Chief Executive Officer at Man Wah Holdi...
CEO Compensation Analysis
Compensation vs Market: Man Li's total compensation ($USD276.08K) is below average for companies of similar size in the Hong Kong market ($USD473.10K).
Compensation vs Earnings: Man Li's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 1999's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: 1999's board of directors are considered experienced (9.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 1999 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
Man Wah Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: Man Wah Holdings Limited
- Ticker: 1999
- Exchange: SEHK
- Founded: 1992
- Industry: Home Furnishings
- Sector: Consumer Durables
- Implied Market Cap: HK$32.019b
- Shares outstanding: 3.93b
- Website: https://www.manwahholdings.com
Number of Employees
Location
- Man Wah Holdings Limited
- Wah Lai Industrial Center
- 1st Floor
- Fo Tan
- New Territories
- Hong Kong
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/24 00:00 |
| End of Day Share Price | 2022/06/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2022/03/31 |
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.