Want to see HK:2180 full AI Analyst Report?
Top Page
ManpowerGroup Greater China Limited
(2180)
Select Model
Select Model
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
Very low leverage and a sizable equity base provide financial resilience as operating conditions change. This reduces interest and refinancing pressure, preserves capacity to fund workforce-services growth, and gives management more flexibility to withstand softer client demand over the next several quarters.
Negative Factors
Sharp revenue contraction
The sharp 2025 revenue decline signals a meaningful slowdown in client demand or hiring activity after several years of expansion. Because staffing revenue scales with hiring volumes and assignments, sustained weakness could pressure operating leverage, earnings visibility, and future growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and a sizable equity base provide financial resilience as operating conditions change. This reduces interest and refinancing pressure, preserves capacity to fund workforce-services growth, and gives management more flexibility to withstand softer client demand over the next several quarters.
Read all positive factors
ManpowerGroup Greater China Limited (2180) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$966.97M
Dividend Yield37.26%
Average Volume (3M)34.68K
Price to Earnings (P/E)5.0
Beta (1Y)<0.01
Revenue Growth6.09%
EPS Growth21.21%
CountryHK
Employees1,170
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.79
Shares Outstanding207,505,000
10 Day Avg. Volume33,050
30 Day Avg. Volume34,683
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
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 staff...
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
Neutral
4.97
Price Trends
4.94
Negative
5.04
Negative
5.13
Negative
Market Momentum
-0.08
Positive
44.07
Neutral
12.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2180, the sentiment is Neutral. The current price of 4.97 is above the 20-day moving average (MA) of 4.80, above the 50-day MA of 4.94, and below the 200-day MA of 5.13, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 44.07 is Neutral, neither overbought nor oversold. The STOCH value of 12.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$966.97M | 5.04 | 15.17% | 37.26% | 6.09% | 21.21% | |
66 Neutral | HK$322.00M | 7.82 | 35.60% | 22.39% | -21.68% | -55.57% | |
65 Neutral | HK$994.88M | 7.06 | 3.86% | 10.00% | ― | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | HK$495.86M | 3.83 | 8.42% | 5.88% | 9.13% | ― | |
44 Neutral | HK$94.01M | -3.18 | -43.31% | 29.46% | ― | ― | |
42 Neutral | HK$43.20M | -19.53 | -1.42% | ― | -14.98% | -120.83% |
* Industrials Sector Average
HK:2180
ManpowerGroup Greater China Limited
4.75
-0.34
-6.61%
HK:2176
CCID Consulting Co. Ltd. Class H
0.46
-1.10
-70.47%
HK:6100
Tongdao Liepin Group
2.00
-1.32
-39.70%
HK:6919
Renrui Human Resources Technology Holdings Limited
3.23
-1.58
-32.89%
HK:8031
ETS Group Limited
0.27
0.11
65.63%
HK:8462
Omnibridge Holdings Ltd.
0.07
-0.03
-26.53%
ManpowerGroup Greater China Limited Corporate Events
ManpowerGroup Greater China Details Caps for Outplacement Deal with Right Management US
Sep 14, 2026
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 ...
ManpowerGroup Greater China Delivers Profit Growth on Flat H1 2026 Revenue
Aug 27, 2026
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 competiti...
ManpowerGroup Greater China Formalises Connected Outplacement Deal With U.S. Affiliate
Aug 27, 2026
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 arrange...
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...
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.