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Man Wah Holdings Limited (1999.HK)

HKD3.16 +0.10 (+3.27%)
HK HKSE Consumer Cyclical Furnishings, Fixtures & Appliances
Address Wah Lai Industrial Center
Fo Tan, HK
CEO Man Li Wong
IPO 2010-04-09
ISIN BMG5800U1071

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 1999.HK (HKD) Other OTC · MAWHF (USD) Other OTC · MAWHY (USD)
Description

Man Wah Holdings Limited functions as an investment holding company, primarily focused on the global production, wholesale, and distribution of sofas and related furniture items. Its market reach spans the People's Republic of China, North America, Europe, and various other international markets. The company structures its diverse business activities across segments including Sofa and Ancillary Products, Other Products, Other Business, and Home Group Business. Beyond its core sofa offerings, Man Wah manufactures mattresses, components for smart furniture, and metal mechanisms essential for recliners. It also supplies chairs and other specialized products to commercial clients such as high-speed railways and cinema chains. The company's broader operations encompass advertising and marketing for home furnishings, property investment, real estate development and management services, and the management, leasing, and operation of furniture shopping centers. Additionally, it engages in the manufacturing and trading of bedding products, various types of furniture, furniture components, and foam products, alongside research and production of advanced smart drive machines and electric regulators. Its service portfolio includes offshore sales, business and back-office support, general business management, advertising, design services, as well as comprehensive marketing, logistics, and warehousing solutions. Man Wah also manages hotel operations and sells residential properties. As of March 31, 2022, the company maintained a significant retail presence in China, operating 5,968 branded stores. Established in 1992 and headquartered in Fo Tan, Hong Kong, Man Wah Holdings Limited operates as a subsidiary of Man Wah Investments Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD3.16 +0.10 (+3.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
12M
Beta
1.39
Float Shares
1.45B
Free Float %
37.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-4.79% -12.30% -10.00% -20.92% -27.31% -17.29% -9.57% -29.48% -76.02% -18.88% +125.00%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
3.16
DCF (Unlevered) 4.55 +44.0%
DCF (Levered) 2.84 -10.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 5 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.74
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Furnishings, Fixtures & Appliances: +2.7%
    -2.8% Q1'26: -6.2% (vs Q3'23)
  • EPS growth Furnishings, Fixtures & Appliances: +4.0%
    -11.3% Q1'26: -41.4% (vs Q3'23)
  • FCF margin FCF growth · Furnishings, Fixtures & Appliances: +24.2%
    +14.9% Q1'26: +6.4% (vs Q3'23)
  • EBIT margin Furnishings, Fixtures & Appliances: +6.9%
    +14.2% Q1'26: +11.8% (vs Q3'23)
  • ROIC Furnishings, Fixtures & Appliances: +6.4%
    +11.3% Q1'26: +18.6% (vs Q3'23)
  • Share dilution Furnishings, Fixtures & Appliances: +0.1%
    +0.0% Q1'26: -0.8% (vs Q3'23)
  • Debt / EBITDA Net debt/EBITDA · Furnishings, Fixtures & Appliances: -0.16×
    1.62× Q1'26: 0.91× (vs Q3'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.44) × ERP
WACC = 75% × Ke + 25% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 4.59 Current price: 3.16
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2010
actual
Mar 2011
actual
Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
9 Rev. Ana.
8 EPS Ana.
Mar 2027
8 Rev. Ana.
8 EPS Ana.
Mar 2028
7 Rev. Ana.
5 EPS Ana.
Mar 2029
2 Rev. Ana.
1 EPS Ana.
Revenue
2.93B
est: 2.97B (-1.2%)
3.81B
est: 4.13B (-7.7%)
4.34B
est: 4.29B (+1.1%)
4.88B
est: 5.07B (-3.8%)
5.99B
est: 6.36B (-5.9%)
6.55B
est: 6.73B (-2.5%)
7.33B
est: 7.43B (-1.4%)
7.78B
est: 7.63B (+2.0%)
10.03B
est: 9.77B (+2.7%)
11.26B
est: 11.86B (-5.1%)
12.14B
est: 12.14B (+0.0%)
16.43B
est: 15.01B (+9.5%)
21.50B
est: 21.51B (0.0%)
17.35B
est: 19.04B (-8.8%)
18.41B
est: 18.22B (+1.0%)
16.90B
est: 17.66B (-4.3%)
16.37B
15.77B – 17.14B
-7.3% YoY
16.85B
15.43B – 18.30B
+2.9% YoY
17.53B
17.46B – 17.60B
+4.1% YoY
18.50B
18.50B – 18.50B
+5.5% YoY
EBITDA
712.55M
est: 533.14M (+33.7%)
736.29M
est: 966.63M (-23.8%)
428.59M
est: 765.98M (-44.0%)
757.35M
est: 503.58M (+50.4%)
962.21M
est: 930.22M (+3.4%)
1.12B
est: 1.35B (-17.1%)
1.48B
est: 1.53B (-3.4%)
1.88B
est: 1.64B (+14.3%)
1.81B
est: 2.82B (-36.0%)
2.09B
est: 2.54B (-17.4%)
2.31B
est: 1.89B (+22.5%)
2.68B
est: 2.51B (+6.6%)
3.57B
est: 2.88B (+24.0%)
3.00B
est: 3.21B (-6.8%)
3.64B
est: 3.68B (-1.2%)
3.36B
est: 3.73B (-9.8%)
3.43B
3.31B – 3.60B
-7.8% YoY
3.54B
3.24B – 3.84B
+2.9% YoY
3.68B
3.66B – 3.69B
+4.1% YoY
3.88B
3.88B – 3.88B
+5.5% YoY
EBIT
675.05M
est: 435.69M (+54.9%)
596.99M
est: 929.66M (-35.8%)
345.16M
est: 708.07M (-51.3%)
640.70M
est: 398.28M (+60.9%)
1.20B
est: 794.64M (+50.6%)
968.61M
est: 1.26B (-22.9%)
1.32B
est: 1.42B (-7.0%)
1.72B
est: 1.52B (+12.9%)
1.61B
est: 2.66B (-39.4%)
1.79B
est: 2.37B (-24.3%)
2.26B
est: 1.84B (+23.1%)
2.45B
est: 2.47B (-0.5%)
2.90B
est: 2.83B (+2.5%)
2.52B
est: 3.16B (-20.2%)
3.06B
est: 3.61B (-15.2%)
2.82B
est: 2.96B (-4.5%)
2.73B
2.63B – 2.86B
-7.8% YoY
2.81B
2.57B – 3.05B
+2.9% YoY
2.92B
2.91B – 2.93B
+4.1% YoY
3.08B
3.08B – 3.08B
+5.5% YoY
Net Income
605.80M
est: 834.95M (-27.4%)
622.30M
est: 842.12M (-26.1%)
303.35M
est: 646.72M (-53.1%)
568.40M
est: 358.10M (+58.7%)
976.97M
est: 713.04M (+37.0%)
1.08B
est: 1.04B (+3.1%)
1.33B
est: 1.19B (+11.3%)
1.75B
est: 1.35B (+30.1%)
1.54B
est: 2.26B (-31.9%)
1.36B
est: 1.87B (-27.1%)
1.64B
est: 1.39B (+17.7%)
1.92B
est: 1.78B (+7.8%)
2.25B
est: 2.05B (+9.9%)
1.91B
est: 1.91B (+0.0%)
2.30B
est: 2.30B (+0.0%)
2.06B
est: 2.26B (-8.7%)
2.12B
2.00B – 2.24B
-6.2% YoY
2.22B
1.90B – 2.23B
+4.8% YoY
2.29B
1.64B – 2.52B
+3.1% YoY
1.77B
1.67B – 2.08B
-22.5% YoY
SGA
606.95M
est: 707.82M (-14.3%)
1.02B
est: 844.90M (+20.8%)
1.20B
est: 1.06B (+13.5%)
1.26B
est: 1.43B (-11.6%)
1.31B
est: 1.58B (-17.2%)
1.36B
est: 1.40B (-2.6%)
1.57B
est: 1.52B (+3.7%)
1.54B
est: 1.60B (-4.1%)
2.13B
est: 1.98B (+8.0%)
2.36B
est: 2.57B (-8.4%)
2.62B
est: 2.29B (+14.3%)
3.90B
est: 2.86B (+36.1%)
5.27B
est: 3.28B (+60.7%)
4.36B
est: 3.66B (+19.1%)
4.27B
est: 4.19B (+1.8%)
3.83B
est: 4.29B (-10.8%)
3.95B
3.81B – 4.14B
-7.8% YoY
4.07B
3.73B – 4.42B
+2.9% YoY
4.23B
4.22B – 4.25B
+4.1% YoY
4.47B
4.47B – 4.47B
+5.5% YoY
EPS
0.21
est: 0.22 (-2.5%)
0.16
est: 0.20 (-20.4%)
0.08
est: 0.08 (-5.6%)
0.16
est: 0.14 (+12.6%)
0.27
est: 0.27 (+1.6%)
0.28
est: 0.28 (-0.2%)
0.34
est: 0.30 (+12.0%)
0.46
est: 0.42 (+9.7%)
0.40
est: 0.43 (-6.0%)
0.36
est: 0.40 (-9.7%)
0.43
est: 0.39 (+10.5%)
0.50
est: 0.48 (+3.3%)
0.57
est: 0.58 (-1.5%)
0.49
est: 0.58 (-15.9%)
0.59
est: 0.59 (+0.8%)
0.53
est: 0.58 (-9.0%)
0.55
0.51 – 0.58
-5.7% YoY
0.53
0.49 – 0.58
-4.3% YoY
0.56
0.42 – 0.65
+7.3% YoY
0.48
0.43 – 0.54
-14.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-14 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-13 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-12 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-11 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-08 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-07 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-06 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-05 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-05-04 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-30 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-29 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-28 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-27 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-24 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-23 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-22 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-21 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-20 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-17 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5
2026-04-16 A 4/5 3/5 4/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.20B
OE per share TTM
0.57
Owner's Yield
14.30%
Maintenance CapEx ratio
100.88%
Maint CapEx / Avg PPE
50.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 97 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
85.6K
Shares Outstanding
3.88B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alan Marnie Executive Director 11M male
Quanfa Dai GM of Manufacturing Center & Executive Director 3M male
Man Li Wong Chairman, Chief Executive Officer & MD 2M male
Ying Ying Wong GM of International Marketing Center & Executive Director 2M female
Wai Hing Hui Vice President of General Administration & Retail Sales and Executive Director 380.0K female
Qing Yang Chief Financial Officer male
Kevin Castellani Director of Corporation Communications male
Xian Zhang Company Secretary male
Jay Quimby Senior Vice President of Sales male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits