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ManpowerGroup Greater China Limited (2180) AI Stock Analysis
ManpowerGroup Greater China Limited
(HKEX:2180)
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.
ManpowerGroup Greater China Limited (2180) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 876.71M
- Dividend Yield
- 41.89%
- Average Volume (3M)
- 41.09K
- Price to Earnings (P/E)
- 4.5
- Beta (1Y)
- 0.18
- Revenue Growth
- 6.09%
- EPS Growth
- 21.21%
- Country
- Hong Kong
- Employees
- 1,170
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Staffing & Employment Services
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 are...
How the Company Makes Money
The company makes money primarily by providing workforce solutions to client organizations and earning fees tied to the sourcing, employment, and management of workers. Key revenue streams typically include: 1) Temporary staffing / flexible staffing:...
ManpowerGroup Greater China Limited Financial Statement Overview
Summary
Financials are mixed. Strengths include a conservatively positioned balance sheet with very low leverage (Balance Sheet Score 78) and materially improved operating/free cash flow in 2025 (Cash Flow Score 72). The main drag is a sharp 2025 revenue decline (~22%) alongside multi-year margin compression and thin net margins (Income Statement Score 56), which reduces earnings resilience if demand stays weak.
Income Statement
56NeutralBalance Sheet
78PositiveCash Flow
72Positive| 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 | 255.19M | 250.82M | 211.99M | 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
Price Trends
Market Momentum
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 4.22 is below the 20-day moving average (MA) of 4.49, below the 50-day MA of 4.74, and below the 200-day MA of 5.08, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 37.97 is Neutral, neither overbought nor oversold. The STOCH value of 22.09 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
Overall Rating
- HK:218073Outperform
HK:217666Neutral
HK:610059Neutral
HK:691957Neutral
HK:846241Neutral
HK:803137Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:2180 | 73Outperform | HKD 876.71M | 4.54 | 15.17% | 41.89% | 6.09% | 21.21% |
| HK:2176 | 66Neutral | HKD 322.00M | 7.77 | 35.60% | 22.39% | -21.68% | -55.57% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:6100 | 59Neutral | HKD 1.12B | 7.75 | 3.86% | 9.05% | ― | ― |
| HK:6919 | 57Neutral | HKD 516.06M | 3.92 | 8.42% | 7.20% | 9.13% | ― |
| HK:8462 | 41Neutral | HKD 45.00M | -20.37 | -1.42% | ― | -14.98% | -120.83% |
| HK:8031 | 37Underperform | HKD 77.33M | -2.70 | -43.31% | ― | ― | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2180 | ManpowerGroup Greater China Limited | 4.22 | -0.78 | -15.63% | |
| HK:2176 | CCID Consulting Co. Ltd. Class H | 0.46 | -1.04 | -69.25% | |
| HK:6100 | Tongdao Liepin Group | 2.21 | -0.74 | -25.08% | |
| HK:6919 | Renrui Human Resources Technology Holdings Limited | 3.33 | -1.20 | -26.43% | |
| HK:8031 | ETS Group Limited | 0.22 | 0.04 | 21.11% | |
| HK:8462 | Omnibridge Holdings Ltd. | 0.07 | -0.02 | -23.47% |
ManpowerGroup Greater China Limited Corporate Events
ManpowerGroup Greater China Relocates Hong Kong Principal Office to Wan Chai
ManpowerGroup Greater China Limited has shifted its principal place of business in Hong Kong to Rooms 301–4, 3rd Floor, Harcourt House, 39 Gloucester Road, Wan Chai, effective 12 October 2026. The relocation is an operational change in the comp...
ManpowerGroup Greater China Details Caps for Outplacement Deal with Right Management US
ManpowerGroup Greater China Limited has issued a supplemental announcement explaining how it set proposed annual caps for continuing connected transactions under an intercompany agreement with Right Management US. The caps are based on historical tra...
ManpowerGroup Greater China Delivers Profit Growth on Flat H1 2026 Revenue
ManpowerGroup Greater China reported flat overall revenue of RMB3.42 billion for the first half of 2026, with flexible staffing income stable at RMB3.37 billion and a 2.6% increase from Mainland China despite weakening demand and intense competition....
ManpowerGroup Greater China Formalises Connected Outplacement Deal With U.S. Affiliate
ManpowerGroup Greater China has entered into an intercompany agreement under which its wholly-owned subsidiary Right Management Shanghai will provide outplacement services to Right Management US from 27 August 2026 to 31 December 2027. The arrangemen...
ManpowerGroup Greater China Sets August Board Meeting to Approve Interim Results
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 ad...
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