Man Wah Holdings Ltd.: Company Profile and SWOT Analysis by WMIntelligence

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									Man Wah Holdings Limited

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Man Wah Holdings Limited                                                     Financial Snapshot

                                                                             Operating Performance
Fast Facts
                                                                             The company reported revenue of US$239.54 million
Headquarters Address                    1st Floor, Fotan, ,Hong Kong
                                                                             during the fiscal year 2009 (2009). The company's
                                                                             revenue grew at a CAGR of 82.35% during 2005–
Telephone                               + 85 239152288
                                                                             2009, with an annual growth of 25.61% over 2008. In
                                                                             2009, the company recorded an operating margin of
Fax                                     + 85 227120630                       12.88%, as against 13.24% in 2008.

Website                                 N/A
                                                                             Revenue and Margins
                                        M42, Singapore Exchange Securities
Ticker Symbol, Stock Exchange
                                        Trading

Number of Employees                     N/A

Fiscal Year End                         March

Revenue (in US$ million)                239.54

Revenue (in HKD million)                1,856.40




SWOT Analysis                                                                Return on Equity

Strengths                               Weaknesses                           The company recorded a return on equity (ROE) of
                                                                             27.25% for the fiscal year 2009, as compared to its
Strong liquidity position               Overdependence on select region      peers, Lorenzo International Limited (Ticker: 5IE),
                                                                             RoomStore, Inc. (Ticker: ROOM) and FAVA
                                                                             International Holdings Ltd. (Ticker: 8108), which
Strong operations in China                                                   recorded ROEs of 3.77%, -36.75% and -42.25%
                                                                             respectively. Furthermore, the company reported an
                                                                             operating margin of 12.88% in 2009.


Opportunities                           Threats                              Return on Equity

Growth opportunities in recliner sofa
                                        Foreign currency fluctuations
market in the US
Positive Chinese Consumer goods
                                        Government regulations
market
Positive US home improvement
                                        Rising manpower costs in the US
products market




                                                                             Liquidity Position

                                                                             The company reported a current ratio of 2.10 in 2009,
                                                                             as compared to its peers, Lorenzo International
                                                                             Limited, RoomStore, Inc. and FAVA International
                                                                             Holdings Ltd., which recorded current ratios of 1.27,
                                                                             1.33 and 2.07 respectively. As of March 2009, the
                                                                             company recorded cash and short-term investments
                                                                             of worth US$28.22 million, against US$9.40 million
                                                                             current debt. The company reported a debt to equity
                                                                             ratio of 0.21 in 2009 as compared to its peers,
                                                                             Lorenzo International Limited, RoomStore, Inc. and
                                                                             FAVA International Holdings Ltd., which recorded
                                                                             debt to equity ratios of 0.42, 0.31 and 0.00
                                                                             respectively.




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Man Wah Holdings Limited - SWOT Profile                                                                             Page 1
Man Wah Holdings Limited

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1     Company Overview .................................................................................................................................................5
    1.2     Business Description ...............................................................................................................................................5
    1.3     Major Products and Services ...................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1     Five Year Snapshot: Overview of Financial and Operational Performance Indicators ...........................................7
    2.2     Key Financial Performance Indicators ...................................................................................................................10
      2.2.1        Revenue and Operating Profit .......................................................................................................................10
      2.2.2        Asset, Liabilities and Capex ..........................................................................................................................11
      2.2.3        Net Debt vs. Gearing Ratio ............................................................................................................................12
      2.2.4        Operational Efficiency ....................................................................................................................................13
      2.2.5        Solvency ........................................................................................................................................................14
    2.3     Key Competitors ....................................................................................................................................................15
3     SWOT Analysis ...................................................................................................................................... 16
    3.1     SWOT Analysis - Overview ...................................................................................................................................16
    3.2     Strengths ...............................................................................................................................................................16
    3.3     Weaknesses ..........................................................................................................................................................16
    3.4  
								
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