Financials ManpowerGroup Greater China Limited

Equities

2180

KYG5795B1068

Employment Services

Market Closed - Hong Kong S.E. 01:38:06 30/04/2024 pm IST 5-day change 1st Jan Change
4.86 HKD 0.00% Intraday chart for ManpowerGroup Greater China Limited 0.00% -19.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 1,799 2,253 1,518 1,211 1,132
Enterprise Value (EV) 1 907.9 1,192 481.7 316 206.3
P/E ratio 14 x 17.8 x 10.9 x 10.2 x 8.8 x
Yield 2.77% 2.49% 4.1% 26.1% 5.13%
Capitalization / Revenue 0.59 x 0.7 x 0.38 x 0.26 x 0.21 x
EV / Revenue 0.3 x 0.37 x 0.12 x 0.07 x 0.04 x
EV / EBITDA 5.2 x 7.03 x 2.56 x 1.99 x 1.24 x
EV / FCF 8.13 x 4.63 x 28.2 x 1.68 x 3.06 x
FCF Yield 12.3% 21.6% 3.55% 59.4% 32.7%
Price to Book 1.55 x 1.89 x 1.21 x 1.15 x 0.97 x
Nbr of stocks (in thousands) 2,07,500 2,07,500 2,07,500 2,07,505 2,07,505
Reference price 2 8.669 10.86 7.317 5.838 5.453
Announcement Date 27/04/20 28/04/21 28/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,491 3,042 3,223 3,969 4,588 5,304
EBITDA 1 167 174.7 169.6 188 159 165.8
EBIT 1 160.6 167.4 161.7 179.7 151.2 159.6
Operating Margin 6.45% 5.5% 5.02% 4.53% 3.29% 3.01%
Earnings before Tax (EBT) 1 146.3 154 168.9 195.6 176.1 184.5
Net income 1 98.16 110.1 126.4 139.2 118.6 126.5
Net margin 3.94% 3.62% 3.92% 3.51% 2.58% 2.38%
EPS 2 0.6544 0.6200 0.6089 0.6700 0.5700 0.6200
Free Cash Flow 1 40.45 111.7 257.4 17.11 187.8 67.49
FCF margin 1.62% 3.67% 7.99% 0.43% 4.09% 1.27%
FCF Conversion (EBITDA) 24.21% 63.98% 151.76% 9.1% 118.06% 40.69%
FCF Conversion (Net income) 41.21% 101.45% 203.67% 12.29% 158.32% 53.36%
Dividend per Share - 0.2400 0.2700 0.3000 1.521 0.2800
Announcement Date 26/06/19 27/04/20 28/04/21 28/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 491 891 1,061 1,037 895 925
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 40.4 112 257 17.1 188 67.5
ROE (net income / shareholders' equity) 14.7% 12.4% 10.8% 11.8% 10.9% 12.1%
ROA (Net income/ Total Assets) 8.88% 7.31% 5.63% 5.83% 4.82% 4.9%
Assets 1 1,105 1,507 2,245 2,386 2,460 2,579
Book Value Per Share 2 4.350 5.580 5.740 6.050 5.090 5.640
Cash Flow per Share 2 1.530 3.890 3.270 3.830 3.590 3.400
Capex 1 8.64 6.78 5.02 5.75 6.69 3.33
Capex / Sales 0.35% 0.22% 0.16% 0.14% 0.15% 0.06%
Announcement Date 26/06/19 27/04/20 28/04/21 28/04/22 27/04/23 26/04/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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