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Evergreen Products Group Ltd.
(1962)
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Rating:73Outperform
Price Target:
HK$0.54
â–²(16.30% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by stable fundamentals with standout cash generation, supported by an attractive valuation (low P/E and high dividend yield). Technicals are constructive with the stock trading above key moving averages, while the main constraint is margin and ROE deterioration in 2024–2025.
Positive Factors
Free Cash Flow Conversion
Consistently converting ~90%+ of net income into free cash flow provides durable internal funding for capex, dividends and debt servicing. This high cash conversion cushions operating volatility, supports shareholder returns and allows strategic action without reliance on external financing.
Negative Factors
Net Margin Compression & Falling ROE
Material declines in net margin and ROE signal weakening profit conversion and capital efficiency. Persistently lower returns reduce reinvestment capacity, constrain dividend sustainability and imply competitive or cost pressures that could impair long-term shareholder value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow Conversion
Consistently converting ~90%+ of net income into free cash flow provides durable internal funding for capex, dividends and debt servicing. This high cash conversion cushions operating volatility, supports shareholder returns and allows strategic action without reliance on external financing.
Read all positive factors
Evergreen Products Group Ltd. (1962) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$298.65M
Dividend Yield12.98%
Average Volume (3M)407.47K
Price to Earnings (P/E)7.0
Beta (1Y)0.17
Revenue Growth20.89%
EPS Growth41.95%
CountryHK
Employees38,668
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)0.07
Shares Outstanding616,136,000
10 Day Avg. Volume350,800
30 Day Avg. Volume407,466
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.38
Price to Sales (P/S)0.29
P/FCF Ratio1.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Evergreen Products Group Ltd. Business Overview & Revenue Model
Company Description
Evergreen Products Group Limited operates as an investment holding entity primarily involved in the design, production, distribution, and international sale of hair products. The company boasts a significant global presence, serving markets in the...
Evergreen Products Group Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
63
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.16B | 1.04B | 1.02B | 979.24M | 1.10B | 1.21B |
| Gross Profit | 266.28M | 243.30M | 243.54M | 233.23M | 257.10M | 248.81M |
| EBITDA | 118.20M | 106.82M | 129.34M | 140.78M | 106.23M | 122.35M |
| Net Income | 42.39M | 30.68M | 39.92M | 51.01M | 66.29M | 54.07M |
Balance Sheet | ||||||
| Total Assets | 1.61B | 1.58B | 1.53B | 1.63B | 1.57B | 1.72B |
| Cash, Cash Equivalents and Short-Term Investments | 181.19M | 157.68M | 115.71M | 90.58M | 78.61M | 68.44M |
| Total Debt | 660.65M | 602.28M | 572.36M | 615.00M | 549.90M | 670.64M |
| Total Liabilities | 830.77M | 805.58M | 739.71M | 786.47M | 682.49M | 794.28M |
| Stockholders Equity | 784.32M | 779.32M | 800.14M | 851.63M | 896.41M | 917.79M |
Cash Flow | ||||||
| Free Cash Flow | 137.55M | 294.58M | 364.68M | 356.93M | 394.82M | 244.57M |
| Operating Cash Flow | 150.07M | 322.33M | 393.65M | 384.18M | 421.59M | 270.18M |
| Investing Cash Flow | -10.71M | -18.36M | 13.42M | -26.29M | -38.50M | -14.74M |
| Financing Cash Flow | -174.59M | -320.94M | -378.34M | -342.89M | -368.40M | -234.50M |
Evergreen Products Group Ltd. Technical Analysis
Positive
0.46
Price Trends
0.44
Positive
0.43
Positive
0.42
Positive
Market Momentum
0.01
Negative
60.20
Neutral
26.98
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1962, the sentiment is Positive. The current price of 0.46 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.44, and above the 200-day MA of 0.42, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.20 is Neutral, neither overbought nor oversold. The STOCH value of 26.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1962.
Evergreen Products Group Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$524.76M | 6.21 | 6.06% | 9.66% | 2.24% | -39.98% | |
75 Outperform | HK$8.96B | 11.17 | 25.72% | 6.24% | 23.19% | -22.44% | |
73 Outperform | HK$298.65M | 7.00 | 5.42% | 12.98% | 20.89% | 41.95% | |
65 Neutral | HK$24.75B | 8.38 | 10.98% | 7.74% | 2.19% | 10.78% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | HK$21.19B | -227.13 | -1.21% | 4.29% | -2.44% | 81.73% | |
46 Neutral | HK$900.95M | -15.68 | -12.81% | 0.53% | 13.43% | 7.72% |
* Consumer Defensive Sector Average
HK:1962
Evergreen Products Group Ltd.
0.47
0.04
9.56%
HK:1044
Hengan International Group Co
20.70
-2.69
-11.48%
HK:3828
Ming Fai International Holdings
0.73
-0.23
-23.84%
HK:0157
Natural Beauty Bio-Technology
0.45
-0.10
-18.18%
HK:2145
Shanghai Chicmax Cosmetics Co., Ltd. Class H
22.50
-72.01
-76.19%
HK:6993
Blue Moon Group Holdings Ltd.
3.73
0.56
17.54%
Evergreen Products Group Ltd. Corporate Events
Evergreen Products Adds Veteran Sales Executive Wong So Ying to Board
Jul 31, 2026
Evergreen Products Group Ltd. has appointed senior manager Ms. Wong So Ying as an executive director, effective 1 August 2026, strengthening the board with a leader who has long-standing experience in sales and marketing of wigs and hair accessori...
Evergreen Products Overhauls Board Roles and Committee Structure
Jul 31, 2026
Evergreen Products Group Limited has updated its board composition with effect from 1 August 2026, confirming a structure that includes five executive directors, one non-executive director and three independent non-executive directors. Chairman an...
Evergreen Products Clarifies Asset Figures in 2025 Annual Report
May 19, 2026
Evergreen Products Group Limited has issued a clarification to correct clerical errors in its annual report for the year ended 31 December 2025, specifically in the note on property, plant and equipment and the five-year financial summary. The rev...
Evergreen Products Group Outlines Board and Committee Structure
May 15, 2026
Evergreen Products Group Limited has set out the current composition of its board, led by Chairman and Chief Executive Officer Mr. Chang Yoe Chong Felix, alongside three other executive directors, one non-executive director and three independent n...
Evergreen Products Wins Full Shareholder Backing at AGM, Approves Dividend and Buyback Mandate
May 15, 2026
Evergreen Products Group reported that all resolutions at its 15 May 2026 annual general meeting were approved by shareholders via poll voting, with more than 630 million shares eligible to vote. The meeting confirmed the audited 2025 financial st...
Evergreen Products Sets Final Dividend Timeline for 2025
May 8, 2026
Evergreen Products Group Limited has declared a final ordinary dividend of HKD 0.027 per share for the financial year ended 31 December 2025, with shareholder approval obtained on 15 May 2026. The dividend will be paid in Hong Kong dollars, with s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.