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Mainland Headwear Holdings (1100) AI Stock Analysis
Mainland Headwear Holdings
(HKEX:1100)
The score is driven primarily by strong valuation (low P/E and high dividend yield) and solid financial positioning (conservative leverage and a 2025 recovery in profitability). Offsetting these positives are weaker technical signals (slightly negative MACD and price below key short-to-mid moving averages) and a history of inconsistent free-cash-flow conversion.
Mainland Headwear Holdings (1100) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 536.46M
- Dividend Yield
- 7.17%
- Average Volume (3M)
- 55.01K
- Price to Earnings (P/E)
- 4.3
- Beta (1Y)
- 0.06
- Revenue Growth
- 9.08%
- EPS Growth
- 52.36%
- Country
- Hong Kong
- Employees
- 9,309
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Apparel - Footwear & Accessories
Mainland Headwear Holdings Business Overview & Revenue Model
Company Description
Mainland Headwear Holdings Limited, an investment holding company, designs, manufactures, trades in, and distributes headwear products in the United States, Europe, the People’s Republic of China, Hong Kong, and internationally. The company operates...
How the Company Makes Money
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Mainland Headwear Holdings Financial Statement Overview
Summary
Balance sheet strength is a key positive (low and improving leverage with debt-to-equity ~0.16 in 2025 and improving ROE ~9.8%). Profitability also rebounded in 2025 (net margin ~7.0% vs ~3.9% in 2024) alongside modest revenue growth (+4.2% YoY). The main offset is uneven cash conversion historically, with free cash flow volatility (negative in 2024 despite positive net income).
Income Statement
72PositiveBalance Sheet
80PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.78B | 1.70B | 1.47B | 1.42B | 1.87B | 1.60B |
| Gross Profit | 549.00M | 526.24M | 455.48M | 476.36M | 637.30M | 479.22M |
| EBITDA | 285.19M | 289.12M | 210.98M | 278.82M | 354.76M | 262.86M |
| Net Income | 124.48M | 118.47M | 57.07M | 117.95M | 195.39M | 128.08M |
Balance Sheet | ||||||
| Total Assets | 2.08B | 2.00B | 1.94B | 1.79B | 1.96B | 1.67B |
| Cash, Cash Equivalents and Short-Term Investments | 232.37M | 178.95M | 214.72M | 331.02M | 275.28M | 222.80M |
| Total Debt | 224.78M | 188.99M | 259.77M | 215.47M | 310.77M | 317.75M |
| Total Liabilities | 751.71M | 713.72M | 765.58M | 625.42M | 889.33M | 767.40M |
| Stockholders Equity | 1.26B | 1.21B | 1.12B | 1.11B | 1.03B | 876.91M |
Cash Flow | ||||||
| Free Cash Flow | 118.44M | 115.70M | -58.13M | 113.80M | 167.91M | 66.22M |
| Operating Cash Flow | 188.11M | 190.25M | 152.66M | 349.29M | 245.98M | 88.16M |
| Investing Cash Flow | -121.24M | -78.64M | -254.90M | -143.23M | -104.30M | -47.11M |
| Financing Cash Flow | -76.39M | -126.42M | -34.80M | -132.93M | -86.34M | -63.14M |
Mainland Headwear Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1100, the sentiment is Negative. The current price of 1.25 is below the 20-day moving average (MA) of 1.28, below the 50-day MA of 1.30, and below the 200-day MA of 1.36, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 38.34 is Neutral, neither overbought nor oversold. The STOCH value of 32.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1100.
Mainland Headwear Holdings Peers Comparison
Overall Rating
HK:183673Outperform
HK:055171.75Outperform- HK:110070Outperform
HK:021067Neutral
HK:073848Neutral
HK:117042Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:1836 | 73Outperform | HKD 11.01B | 11.21 | 11.35% | 10.32% | 2.33% | -22.20% |
| HK:0551 | 72Outperform | HKD 21.96B | 7.27 | 6.60% | 9.49% | -3.17% | -24.14% |
| HK:1100 | 70Outperform | HKD 536.46M | 4.31 | 10.08% | 7.17% | 9.08% | 52.36% |
| HK:0210 | 67Neutral | HKD 573.68M | 5.04 | 11.96% | 6.90% | 1.49% | -9.08% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0738 | 48Neutral | HKD 200.79M | -3.90 | -11.48% | ― | -34.67% | 48.99% |
| HK:1170 | 42Neutral | HKD 269.68M | -3.84 | -6.97% | 12.30% | -2.99% | -111.29% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:1100 | Mainland Headwear Holdings | 1.25 | 0.00 | 0.00% | |
| HK:0210 | Daphne International Holdings | 0.29 | -0.11 | -27.86% | |
| HK:1170 | Kingmaker Footwear Holdings | 0.41 | -0.04 | -8.48% | |
| HK:0738 | Le Saunda Holdings | 0.29 | 0.07 | 29.96% | |
| HK:1836 | Stella International Holdings | 13.08 | -2.02 | -13.38% | |
| HK:0551 | Yue Yuen Industrial (Holdings) | 13.70 | 0.66 | 5.09% |
Mainland Headwear Holdings Corporate Events
Mainland Headwear Declares HKD 0.03 Interim Dividend for First Half of 2026
Mainland Headwear Holdings Limited has declared an interim ordinary dividend of HKD 0.03 per share for the six months ended 30 June 2026, for the financial year ending 31 December 2026. The interim payout underscores the company’s continued com...
Mainland Headwear Delivers Higher Interim Profit on Revenue Growth
Mainland Headwear Holdings reported higher unaudited interim revenue of HK$925.9 million for the six months ended 30 June 2026, up from HK$845.6 million a year earlier, with gross profit rising to HK$277.9 million. Net profit attributable to sharehol...
Mainland Headwear Sets August Board Meeting to Approve Interim Results and Consider Dividend
Mainland Headwear Holdings Limited has scheduled a board meeting for 27 August 2026 to approve the interim results for the six months ended 30 June 2026 and to consider the payment of an interim dividend. The upcoming review of financial performance...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 04, 2026