Man Wah Holdings (MAWHY) AI Stock Analysis

Man Wah Holdings

(Other OTC:MAWHY)

Select Model

Rating:64Neutral

Price Target:$6.00▲(3.09% Upside)

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

Healthy ProfitabilityHealthy gross and net margins show that Man Wah still converts furniture sales into meaningful earnings despite recent pressure. This indicates retained pricing power and cost control, providing a durable base for reinvestment and recovery if demand stabilizes over the next several quarters.

Negative Factors

Severe Revenue ContractionThe sharp latest-period revenue contraction is a major fundamental weakness because it signals materially lower demand or customer activity in the core business. If sustained, reduced scale can pressure margins, weaken operating leverage, and delay earnings recovery over the next several quarters.

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

Market Cap: $1.12B
Dividend Yield: 10.22%
Average Volume (3M): 211
Price to Earnings (P/E): 4.8
Beta (1Y): 0.48
Revenue Growth: -2.94%
EPS Growth: -12.27%
Country: US
Employees: 26,050
Sector: Consumer Cyclical
Sector Strength: 61
Industry: Furnishings, Fixtures & Appliances

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 People's...

How the Company Makes Money

Man Wah primarily makes money by selling upholstered furniture—especially motion/reclining sofas—through wholesale and retail-oriented channels. Its revenue model is centered on: (1) Product sales of upholstered seating: The core stream comes from ma...

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

63Positive

Balance Sheet

74Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	16.44B	16.50B	16.90B	18.41B	17.35B	21.50B
Gross Profit	6.48B	6.51B	6.84B	7.25B	6.68B	7.89B
EBITDA	3.15B	3.00B	3.36B	3.64B	3.20B	3.58B
Net Income	1.81B	1.82B	2.06B	2.30B	1.91B	2.25B
Balance Sheet
Total Assets	22.40B	22.40B	20.02B	19.81B	19.64B	20.52B
Cash, Cash Equivalents and Short-Term Investments	3.33B	3.33B	4.08B	3.52B	4.08B	3.22B
Total Debt	4.84B	4.84B	4.39B	4.33B	4.40B	4.61B
Total Liabilities	7.20B	7.20B	6.37B	6.73B	7.11B	7.77B
Stockholders Equity	14.18B	14.18B	12.71B	12.08B	11.56B	11.71B
Cash Flow
Free Cash Flow	1.07B	1.08B	2.28B	985.45M	2.50B	363.28M
Operating Cash Flow	2.38B	2.39B	3.32B	2.55B	4.06B	2.32B
Investing Cash Flow	-1.16B	-1.17B	-1.55B	-1.54B	-1.66B	-1.10B
Financing Cash Flow	-1.49B	-1.49B	-1.50B	-1.28B	-1.33B	-844.19M

Man Wah Holdings Technical Analysis

Technical Analysis SentimentNegative

Last Price5.82

Price Trends

50DMA6.94Negative

100DMA7.46Negative

200DMA9.23Negative

Market Momentum

MACD-0.38Negative

RSI30.46Neutral

STOCH31.11Neutral

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 5.82 is below the 20-day moving average (MA) of 6.13, below the 50-day MA of 6.94, and below the 200-day MA of 9.23, indicating a bearish trend. The MACD of -0.38 indicates Negative momentum. The RSI at 30.46 is Neutral, neither overbought nor oversold. The STOCH value of 31.11 is Neutral, 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

MAWHY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FLXS	70Outperform	$306.49M	11.17	19.83%	1.22%	3.40%	48.89%
ETD	68Neutral	$513.16M	12.97	8.40%	23.62%	-5.72%	-22.50%
LZB	65Neutral	$1.22B	15.28	7.86%	3.18%	0.20%	-10.08%
MAWHY	64Neutral	$1.10B	4.80	13.03%	10.22%	-2.94%	-12.27%
Sector *	61Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BSET	53Neutral	$194.66M	28.85	4.12%	3.56%	1.40%	-11.99%
HOFT	51Neutral	$153.43M	-8.54	-10.59%	3.20%	-28.13%	-38.44%

* Consumer Cyclical Sector Average

Performance Comparison

MAWHY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
MAWHY	Man Wah Holdings	5.75	-6.21	-51.93%
BSET	Bassett Furniture Industries, Incorporated	22.50	8.47	60.42%
ETD	Ethan Allen Interiors	20.36	0.98	5.06%
FLXS	Flexsteel Industries, Inc.	73.64	39.65	116.63%
HOFT	Hooker Furniture	14.35	5.56	63.24%
LZB	La-Z-Boy Incorporated	30.44	-0.17	-0.56%

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

Man Wah Holdings AI Stock Analysis