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Consumer Durables

Man Wah Holdings Ltd.

  • 3.47 HKD
  • +0.06
  • +1.76%
  • Hong Kong
    Dec 10, 2018
  • Ticker
    HKG(1999)
  • Prev. close
    3.41
  • Market cap (HKD)
    13,036.71M
  • Market cap (USD)
    1,668.52M
  • Shares
    3,823.08M

Business Summary

Man Wah Holdings Ltd. is an investment holding company, which engages in the research, development, production, sale, and related services of sofas, mattresses, panel furniture, and furniture accessories. The company operates through the following segments: Sofa & ancillary products (wholesale), Sofa & ancillary products (retail), Home Group business and Other products. The Sofa & ancillary products (wholesale) segment manufactures and distributes sofas and ancillary products through wholesalers and distributors. The Sofa & ancillary products (retail) segment manufactures and sells sofas and ancillary products through self operated shops including online shops. The Home Group business segment manufactures and distributes sofas and ancillary products by Home Group. The Other products segment manufactures and distributes other products. Man Wah Holdings was founded by Wong Man Li on November 4, 2004 and is headquartered in Hong Kong.

Financial Highlights

Mar 2018 HKDUSD
Revenue10,026.57M1,283.92M
Gross Profit3,718.35M476.14M
Operating income1,607.41M205.83M
Income before tax1,922.58M246.19M
Net income1,535.90M196.67M
EBITDA1,807.82M231.49M
Diluted EPS0.400.05
Dividends Per Share0.250.03
Total Assets9,470.73M1,206.72M
Total liabilities3,026.25M385.59M
Total equity5,963.21M759.81M
Operating cash flow1,461.72M187.17M
Currency in HKDCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 5,991.06M 6,554.81M 7,327.59M 7,779.01M 10,026.57M
Gross Profit 2,130.80M 2,249.30M 2,822.76M 3,253.63M 3,718.35M
Operating income 859.92M 1,006.01M 1,353.74M 1,720.76M 1,607.41M
Income before tax 1,132.51M 1,258.73M 1,490M 2,052.34M 1,922.58M
Net income 976.96M 1,075.15M 1,327.24M 1,752.37M 1,535.90M
EBITDA 1,002.38M 1,157.08M 1,509.14M 1,879.01M 1,807.82M
Diluted EPS 0.25 0.27 0.33 0.45 0.40
Dividends Per Share 0.12 0.12 0.17 0.28 0.25
Total Assets 6,130.11M 6,095.73M 5,645.10M 7,511.74M 9,470.73M
Total liabilities 1,497.49M 1,643.39M 934.75M 2,102.82M 3,026.25M
Total equity 4,453.92M 4,395.75M 4,712.33M 5,038.54M 5,963.21M
Operating cash flow 749.42M 785.90M 1,644.48M 1,740.68M 1,461.72M
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 772.29M 845.36M 944.60M 1,002.58M 1,283.92M
Gross Profit 274.67M 290.08M 363.88M 419.33M 476.14M
Operating income 110.85M 129.74M 174.51M 221.77M 205.83M
Income before tax 145.98M 162.33M 192.07M 264.51M 246.19M
Net income 125.93M 138.66M 171.09M 225.85M 196.67M
EBITDA 129.21M 149.22M 194.54M 242.17M 231.49M
Diluted EPS 0.03 0.03 0.04 0.05 0.05
Dividends Per Share 0.01 0.01 0.02 0.03 0.03
Total Assets 790.26M 786.23M 727.78M 966.57M 1,206.72M
Total liabilities 193.04M 211.96M 120.51M 270.58M 385.59M
Total equity 574.17M 566.97M 607.52M 648.33M 759.81M
Operating cash flow 96.60M 101.35M 211.99M 224.34M 187.17M

Valuation Measures

Mar 2018
PER15.51
ROA18.08%
ROE27.92%
Operating margin16.03%
Profit margin15.31%

Key executives

  • Chairman & President: Man Li Wong
  • Chief Financial Officer & Executive Director: Hoi Lam Tsang
  • Executive Director & VP-General Administration: Wai Hing Hui
  • Manager-Investor Relations: Liu Weiyi

Shareholders

  • WONG MAN LI (64.5%)
  • Orient Securities Asset Management Co. Ltd. (6.9%)
  • Capital Research & Management Co. (World Investors) (1.4%)
  • Newton Investment Management Ltd. (1.0%)
  • The Vanguard Group, Inc. (0.9%)
  • Norges Bank Investment Management (0.8%)
  • Dimensional Fund Advisors LP (0.7%)
  • Prusik Investment Management LLP (0.6%)
  • Baillie Gifford & Co. (0.5%)
  • Grandeur Peak Global Advisors LLC (0.5%)

Contact Details

  • Website:http://www.manwahholdings.com
  • Address: 1/F, Wah Lai Industrial Center, 10-14 Kwei Tei Street, Fotan, Hong Kong, Hong Kong
  • Phone: +852.2712.0091

Related Companies

  • Man Wah (Macao Commercial Offshore) Ltd.
  • Man Wah Furniture (China) Co. Ltd.
  • Man Wah Furniture Manufacturing (Huizhou) Co. Ltd.
  • Man Wah (UK) Ltd.
  • Estera Management (Bermuda) Ltd.
  • Man Wah Industrial Co. Ltd.
  • Famous Bedding Co. Ltd.

Competitors

  • LaZBoy Incorporated
  • Suofeiya Home Collection Co. Ltd Class A
  • Samson Holding Ltd.
  • Natuzzi S.p.A. Sponsored ADR
  • Xilinmen Furniture Co., Ltd. Class A
  • Guangzhou Holike Creative Home Co., Ltd. Class A
  • Yotrio Group Co., Ltd Class A
  • Flexsteel Industries, Inc.
  • UE Furniture Co., Ltd. Class A
  • Oppein Home Group, Inc. Class A
Last Updated on 10 Dec, 2018

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