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Man Wah Holdings Limited (MAWHY)
OTHER OTC:MAWHY
US Market
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Man Wah Holdings (MAWHY) AI Stock Analysis

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MAWHY

Man Wah Holdings

(OTC:MAWHY)

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Neutral 64 (OpenAI - Gpt-5.6Sol)
Rating:64Neutral
Price Target:
$7.50
▼(-3.72% Downside)
Action:Reiterated
Date:09/12/26
The score is driven by solid underlying profitability and a manageable balance sheet, plus very compelling valuation (low P/E and high dividend yield). These positives are offset by major recent fundamental pressure (sharp revenue decline and weaker cash conversion) and bearish technical signals (below major moving averages with negative momentum).
Positive Factors
Solid Profitability
Healthy gross and net margins indicate that Man Wah continues to retain meaningful economics in upholstered furniture despite recent demand pressure. This profitability provides an internal funding base for operations and suggests pricing, product mix, and cost controls remain supportive over the next several quarters.
Negative Factors
Sharp Revenue Contraction
A revenue decline of roughly 66% is a major deterioration in demand or sales execution and can weaken manufacturing utilization, retailer relationships, and brand momentum. Unless the top line stabilizes, the contraction may continue to pressure earnings, cash generation, and the company’s ability to leverage its operating platform.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Healthy gross and net margins indicate that Man Wah continues to retain meaningful economics in upholstered furniture despite recent demand pressure. This profitability provides an internal funding base for operations and suggests pricing, product mix, and cost controls remain supportive over the next several quarters.
Read all positive factors

Man Wah Holdings (MAWHY) vs. SPDR S&P 500 ETF (SPY)

Man Wah Holdings Business Overview & Revenue Model

Company Description
Man Wah Holdings Limited, an investment holding company, primarily focuses on the global manufacturing, wholesale, trading, and distribution of sofas and related furniture products. Its market reach extends across major regions including the Peopl...
How the Company Makes Money
Man Wah primarily makes money by manufacturing and selling upholstered furniture—especially motion/reclining sofas—under its brands and through customer/private-label programs. Revenue is generated from product sales to retailers and other distrib...

Man Wah Holdings Financial Statement Overview

Summary
Financially stable but pressured: profitability is still positive (gross margin ~39%, net margin ~11%) and leverage is moderate (debt-to-equity ~0.34). However, the latest period shows a severe revenue contraction (~-66% YoY) with margin compression, and cash conversion is weaker than ideal (operating cash flow well below net income; free cash flow less than half of net income).
Income Statement
63
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
BreakdownMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue16.50B16.90B18.41B17.35B21.50B
Gross Profit6.51B6.84B7.25B6.68B7.89B
EBITDA3.00B3.36B3.64B3.20B3.58B
Net Income1.82B2.06B2.30B1.91B2.25B
Balance Sheet
Total Assets22.40B20.02B19.81B19.64B20.52B
Cash, Cash Equivalents and Short-Term Investments3.33B4.08B3.52B4.08B3.22B
Total Debt4.84B4.39B4.33B4.40B4.61B
Total Liabilities7.20B6.37B6.73B7.11B7.77B
Stockholders Equity14.18B12.71B12.08B11.56B11.71B
Cash Flow
Free Cash Flow1.08B2.28B985.45M2.50B363.28M
Operating Cash Flow2.39B3.32B2.55B4.06B2.32B
Investing Cash Flow-1.17B-1.55B-1.54B-1.66B-1.10B
Financing Cash Flow-1.49B-1.50B-1.28B-1.33B-844.19M

Man Wah Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price7.79
Price Trends
50DMA
7.91
Negative
100DMA
8.65
Negative
200DMA
10.13
Negative
Market Momentum
MACD
-0.14
Positive
RSI
26.75
Positive
STOCH
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MAWHY, the sentiment is Negative. The current price of 7.79 is below the 20-day moving average (MA) of 7.87, below the 50-day MA of 7.91, and below the 200-day MA of 10.13, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 26.75 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MAWHY.

Man Wah Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
$552.69M14.068.40%21.93%-5.72%-22.50%
64
Neutral
$1.36B5.9113.03%8.29%-2.94%-12.27%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
56
Neutral
$1.46B16.056.94%3.54%4.68%
56
Neutral
$1.23B15.387.86%3.16%0.20%-10.08%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
MAWHY
Man Wah Holdings
7.09
-4.18
-37.07%
ETD
Ethan Allen
21.93
-1.98
-8.28%
MLKN
MillerKnoll
21.19
1.53
7.78%
LZB
La-Z-Boy Incorporated
30.64
-2.42
-7.33%
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.Date of analysis: Sep 12, 2026