Mulsanne Group Holding Limited (1817) AI Stock Analysis

• Market Cap: HK$342.00M
• Dividend Yield: N/A
• Average Volume (3M): 25.48K
• Price to Earnings (P/E): 9.5
• Beta (1Y): -0.21
• Revenue Growth: -7.95%
• EPS Growth: 98.95%
• Country: HK
• Employees: 465
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 0.01
• Shares Outstanding: 950,000,000
• 10 Day Avg. Volume: 9,600
• 30 Day Avg. Volume: 25,483
• PEG Ratio: -0.56
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.17
• P/FCF Ratio: 9.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: HK$0.50 ▲(38.89% Upside)

The overall stock score reflects significant financial challenges, including declining revenues and profitability, and weak technical indicators. While the valuation suggests potential undervaluation, the lack of dividend yield and weak market momentum weigh heavily on the stock's attractiveness.

Mulsanne Group Holding Limited Business Overview & Revenue Model

Company Description

Mulsanne Group Holding Limited, an investment holding company, engages in the design, marketing, and sale of apparel products for men, women, and children in Mainland China and Macau. It also offers sportswear. The company provides its products under the GXG, gxg jeans, gxg.kids, Yatlas, Mode Commuter, 2XU, and other brands. In addition, it offers consultation and equity investment services. The company primarily sells its products to end customers through its self-owned, partnership, and distributor stores, as well as through online retail platforms, such as Tmall.com, Taobao, VIPshop, TikTok, and WeChat mini programs. As of December 31, 2021, it operated 1,198 stores. The company was founded in 2007 and is headquartered in Ningbo, the People's Republic of China.

How the Company Makes Money

Mulsanne Group makes money through the sale of its fashion apparel products, primarily targeting the men's casual wear segment. The company's revenue model is driven by its retail operations, which include both brick-and-mortar stores and online platforms. Mulsanne Group's key revenue streams include direct sales from its retail outlets and e-commerce platforms, as well as wholesale revenues from distributing products through third-party retailers. Additionally, the company may generate income from licensing agreements and partnerships that expand the reach of its brands. Strategic collaborations within the fashion industry and investments in marketing and brand development are significant factors contributing to its earnings.

Mulsanne Group Holding Limited Financial Statement Overview

Summary

Mulsanne Group Holding Limited faces significant challenges, including declining revenues and profitability, coupled with volatility in cash flow generation. While leverage remains stable, the company's ability to improve operational efficiency and profitability remains in question.

Income Statement

The company shows a declining revenue trend over recent years, with a decrease from 2023 to 2024. Gross Profit Margin has remained relatively stable, but Net Profit Margin is low due to decreasing net income. EBIT and EBITDA margins are weak, indicating limited operational efficiency improvements.

Balance Sheet

The company has a moderate Debt-to-Equity Ratio, signifying balanced leverage. However, Return on Equity is relatively low, reflecting limited profitability from equity. The Equity Ratio suggests moderate reliance on equity, but declining total assets raise concerns.

Cash Flow

The cash flow analysis is limited due to missing data for 2024. Historically, free cash flow has been volatile, and the absence of free cash flow in 2024 raises concerns about cash generation sustainability. The Operating Cash Flow to Net Income Ratio for 2023 suggests adequate cash generation relative to net income, but this trend may not be sustained.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.15B	2.27B	2.33B	2.33B	2.70B	2.86B
Gross Profit	1.13B	1.20B	1.21B	1.14B	1.33B	1.22B
EBITDA	120.16M	122.51M	299.51M	85.11M	139.85M	-3.76M
Net Income	33.01M	30.95M	39.57M	12.43M	-89.68M	-301.35M
Balance Sheet
Total Assets	2.34B	2.61B	3.01B	3.52B	3.02B	3.22B
Cash, Cash Equivalents and Short-Term Investments	156.28M	186.89M	192.42M	252.19M	677.23M	771.69M
Total Debt	1.14B	1.12B	1.45B	1.97B	1.30B	1.25B
Total Liabilities	1.59B	1.88B	2.30B	2.83B	2.28B	2.41B
Stockholders Equity	745.45M	735.49M	710.80M	684.40M	733.32M	814.33M
Cash Flow
Free Cash Flow	54.79M	38.85M	212.00M	130.62M	28.05M	114.24M
Operating Cash Flow	170.44M	171.68M	297.78M	244.71M	177.73M	246.58M
Investing Cash Flow	-118.12M	-106.38M	-114.11M	-126.09M	-169.15M	-140.51M
Financing Cash Flow	-93.43M	-69.03M	-242.27M	-563.79M	-97.40M	-141.76M

Mulsanne Group Holding Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.36
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1817, the sentiment is Negative. The current price of 0.36 is below the 20-day moving average (MA) of 0.36, below the 50-day MA of 0.37, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.86 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1817.

Mulsanne Group Holding Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0483	70 Outperform	HK$113.89M	9.75	6.87%	―	0.78%	863.64%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
1817	54 Neutral	HK$342.00M	9.47	4.51%	―	-7.95%	98.95%
1657	51 Neutral	HK$550.40M	-91.10	-7.01%	―	25.11%	64.76%
0375	51 Neutral	HK$165.86M	-7.01	-5.47%	10.10%	-25.41%	-361.49%
2528	49 Neutral	HK$106.00M	-5.97	-10.66%	―	-5.89%	71.06%
0330	41 Neutral	$362.34M	-0.22	―	―	―	―

Mulsanne Group Holding Limited Corporate Events

Mulsanne Group Announces Change in Company Secretary

Mulsanne Group Holding Limited, a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, announced a change in its company secretary position. Mr. Ding Dade and Ms. Ng Sau Mei have resigned as joint company secretaries, effective August 21, 2025, with Mr. Ding continuing as the Group’s CFO and VP of finance. Ms. Chen Xiqin, who has been with the Group since 2017 and has extensive experience in corporate governance, has been appointed as the new company secretary. The Board expressed gratitude to the outgoing secretaries and welcomed Ms. Chen.

The most recent analyst rating on (HK:1817) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mulsanne Group Holding Limited stock, see the HK:1817 Stock Forecast page.

Mulsanne Group Reports Stable Sales and Increased Profit for H1 2025

Mulsanne Group Holding Limited reported stable sales from its self-owned stores at RMB448.7 million for the first half of 2025, with a notable improvement in net profit by 30.9% to RMB8.9 million compared to the previous year. The company achieved this through effective cost reduction and efficiency enhancement measures, reducing administrative expenses and finance costs relative to revenue, which positively impacted its financial performance.

The most recent analyst rating on (HK:1817) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Mulsanne Group Holding Limited stock, see the HK:1817 Stock Forecast page.

Mulsanne Group Projects Significant Profit Growth for First Half of 2025

Mulsanne Group Holding Limited has announced a positive profit alert, indicating an expected increase in net profit for the first half of 2025 by approximately 25% to 40% compared to the same period in 2024. This growth is attributed to enhanced expense control measures, including cost reduction and efficiency improvements, which have reduced the proportion of administrative and financial expenses relative to revenue.

Mulsanne Group Schedules Board Meeting for Interim Results

Mulsanne Group Holding Limited has announced that its Board of Directors will meet on August 21, 2025, to review and approve the interim financial results for the first half of the year ending June 30, 2025. The meeting will also consider the declaration of an interim dividend, which could have implications for the company’s financial strategy and shareholder returns.