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Consumer Durables

Man Wah Holdings Ltd.

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 2019 HKDUSD
Revenue11,257.79M1,435.56M
Gross Profit3,821.30M487.28M
Operating income1,479.93M188.71M
Income before tax1,716.02M218.82M
Net income1,363.80M173.90M
EBITDA1,736.92M221.48M
Diluted EPS0.350.04
Dividends Per Share0.120.01
Total Assets13,145.78M1,674.63M
Total liabilities6,429.72M819.07M
Total equity6,223.23M792.77M
Operating cash flow1,129.07M143.97M
Currency in HKDCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 6,554.81M 7,327.59M 7,779.01M 10,026.57M 11,257.79M
Gross Profit 2,249.30M 2,822.76M 3,253.63M 3,718.35M 3,821.30M
Operating income 1,006.01M 1,353.74M 1,720.76M 1,607.41M 1,479.93M
Income before tax 1,258.73M 1,490M 2,052.34M 1,922.58M 1,716.02M
Net income 1,075.15M 1,327.24M 1,752.37M 1,535.90M 1,363.80M
EBITDA 1,157.08M 1,509.14M 1,879.01M 1,807.82M 1,736.92M
Diluted EPS 0.27 0.33 0.45 0.40 0.35
Dividends Per Share 0.12 0.17 0.28 0.25 0.12
Total Assets 6,095.73M 5,645.10M 7,511.74M 9,470.73M 13,145.78M
Total liabilities 1,643.39M 934.75M 2,102.82M 3,026.25M 6,429.72M
Total equity 4,395.75M 4,712.33M 5,038.54M 5,963.21M 6,223.23M
Operating cash flow 785.90M 1,644.48M 1,740.68M 1,461.72M 1,129.07M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 845.36M 944.60M 1,002.58M 1,283.92M 1,435.56M
Gross Profit 290.08M 363.88M 419.33M 476.14M 487.28M
Operating income 129.74M 174.51M 221.77M 205.83M 188.71M
Income before tax 162.33M 192.07M 264.51M 246.19M 218.82M
Net income 138.66M 171.09M 225.85M 196.67M 173.90M
EBITDA 149.22M 194.54M 242.17M 231.49M 221.48M
Diluted EPS 0.03 0.04 0.05 0.05 0.04
Dividends Per Share 0.01 0.02 0.03 0.03 0.01
Total Assets 786.23M 727.78M 966.57M 1,206.72M 1,674.63M
Total liabilities 211.96M 120.51M 270.58M 385.59M 819.07M
Total equity 566.97M 607.52M 648.33M 759.81M 792.77M
Operating cash flow 101.35M 211.99M 224.34M 187.17M 143.97M

Valuation Measures

Mar 2019
PER12.91
ROA12.06%
ROE22.38%
Operating margin13.14%
Profit margin12.11%

Key executives

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

Shareholders

  • WONG MAN LI (64.6%)
  • Orient Securities Asset Management Co. Ltd. (4.8%)
  • The Vanguard Group, Inc. (1.0%)
  • Dimensional Fund Advisors LP (0.9%)
  • Capital Research & Management Co. (World Investors) (0.9%)
  • Fiera Capital, Inc. (0.8%)
  • Norges Bank Investment Management (0.8%)
  • Aegon-Industrial Fund Management Co., Ltd. (0.7%)
  • Baillie Gifford & Co. (0.5%)
  • BlackRock Fund Advisors (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

  • Estera Management (Mauritius) Ltd
  • 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
  • Flexsteel Industries, Inc.
  • Natuzzi S.p.A. Sponsored ADR
  • Xilinmen Furniture Co., Ltd. Class A
  • QuMei Home Furnishings Group Co., Ltd. Class A
  • UE Furniture Co., Ltd. Class A
  • Guangzhou Holike Creative Home Co., Ltd. Class A
  • Yotrio Group Co., Ltd Class A
  • Oppein Home Group, Inc. Class A
  • Der Future Science & Technology Holding Group Co., Ltd. Class A
  • Zoy Home Furnishing Co., Ltd. Class A
Last Updated on 20 Sep, 2019

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