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ManpowerGroup Greater China Limited
(2180)
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Rating:73Outperform
Price Target:
HK$5.00
▲(0.60% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong valuation (low P/E and very high dividend yield) and solid financial stability (low leverage and improved 2025 cash flow). These positives are tempered by weaker operating performance signals, notably the sharp 2025 revenue contraction and multi-year margin compression, while technical indicators remain broadly neutral.
Positive Factors
Conservative balance sheet
Low leverage reduces interest and refinancing pressure, giving the company greater flexibility to manage weaker staffing demand. The sizable equity base also provides a buffer for working-capital needs and supports resilience through an operating downturn.
Negative Factors
Sharp revenue contraction
The steep 2025 revenue decline indicates a meaningful deterioration in demand or client activity. If this weakness persists, lower assignment volumes could reduce operating leverage, constrain earnings growth, and challenge the company’s ability to rebuild its prior expansion trajectory.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage reduces interest and refinancing pressure, giving the company greater flexibility to manage weaker staffing demand. The sizable equity base also provides a buffer for working-capital needs and supports resilience through an operating downturn.
Read all positive factors
ManpowerGroup Greater China Limited (2180) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.03B
Dividend Yield35.61%
Average Volume (3M)41.93K
Price to Earnings (P/E)5.5
Beta (1Y)0.14
Revenue Growth6.09%
EPS Growth21.21%
CountryHK
Employees1,170
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.78
Shares Outstanding207,505,000
10 Day Avg. Volume49,725
30 Day Avg. Volume41,931
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)0.93
Price to Sales (P/S)0.14
P/FCF Ratio3.36
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
ManpowerGroup Greater China Limited Business Overview & Revenue Model
Company Description
ManpowerGroup Greater China Limited, an investment holding entity, offers a comprehensive suite of workforce solutions and human resources services throughout the People's Republic of China, Hong Kong, Macau, and Taiwan. The company's operations a...
How the Company Makes Money
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ManpowerGroup Greater China Limited Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.91B | 6.90B | 6.27B | 5.30B | 4.59B | 3.97B |
| Gross Profit | 624.32M | 625.49M | 613.63M | 622.58M | 623.93M | 638.23M |
| EBITDA | 245.53M | 226.59M | 186.50M | 226.96M | 221.72M | 236.85M |
| Net Income | 161.35M | 156.94M | 129.85M | 126.48M | 118.61M | 139.17M |
Balance Sheet | ||||||
| Total Assets | 2.39B | 2.45B | 2.55B | 2.14B | 1.93B | 1.99B |
| Cash, Cash Equivalents and Short-Term Investments | 767.37M | 838.33M | 930.05M | 935.14M | 928.14M | 1.05B |
| Total Debt | 26.35M | 34.77M | 35.38M | 39.85M | 55.87M | 44.97M |
| Total Liabilities | 1.19B | 1.26B | 1.18B | 857.65M | 779.07M | 659.78M |
| Stockholders Equity | 1.07B | 1.06B | 1.25B | 1.17B | 1.06B | 1.25B |
Cash Flow | ||||||
| Free Cash Flow | 307.90M | 292.48M | 76.49M | 71.13M | 251.43M | 81.20M |
| Operating Cash Flow | 309.92M | 293.68M | 79.88M | 82.26M | 266.24M | 99.83M |
| Investing Cash Flow | -96.79M | 38.02M | 60.75M | -63.52M | 75.22M | 126.41M |
| Financing Cash Flow | -377.32M | -370.15M | -92.36M | -61.70M | -417.31M | -97.83M |
ManpowerGroup Greater China Limited Technical Analysis
Negative
4.97
Price Trends
5.11
Negative
5.14
Negative
5.14
Negative
Market Momentum
-0.01
Negative
47.12
Neutral
24.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2180, the sentiment is Negative. The current price of 4.97 is above the 20-day moving average (MA) of 4.94, below the 50-day MA of 5.11, and below the 200-day MA of 5.14, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 47.12 is Neutral, neither overbought nor oversold. The STOCH value of 24.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2180.
ManpowerGroup Greater China Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$1.03B | 5.46 | 15.17% | 35.61% | 6.09% | 21.21% | |
66 Neutral | HK$329.00M | 8.02 | 35.60% | 21.91% | -21.68% | -55.57% | |
65 Neutral | HK$1.23B | 8.60 | 3.86% | 8.28% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$575.82M | 4.40 | 8.42% | 6.67% | 9.13% | ― | |
44 Neutral | HK$109.97M | -3.72 | -43.31% | 29.46% | ― | ― | |
42 Neutral | HK$45.00M | -19.93 | -1.28% | ― | -14.98% | -120.83% |
* Industrials Sector Average
HK:2180
ManpowerGroup Greater China Limited
4.97
-0.50
-9.19%
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ManpowerGroup Greater China Limited Corporate Events
ManpowerGroup Greater China Sets August Board Meeting to Approve Interim Results
Aug 17, 2026
ManpowerGroup Greater China Limited has scheduled a board meeting for 27 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend and...
ManpowerGroup Greater China Wins Strong Shareholder Backing at 2026 AGM
Jun 25, 2026
ManpowerGroup Greater China Limited reported that all resolutions proposed at its annual general meeting on 25 June 2026 were approved by shareholders via poll, with all directors attending in person or by telephone. The approved items included ad...
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.