Man Wah Holdings Limited
Man Wah Holdings Limited, an investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, Vietnam, Mexico, and internationally. The company operates through Sofa and Ancillary Products, Home Group Business, Bedding and Ancillary Products, Other Products, and Other Business segments. It offers chairs, smart furni… Read more
Man Wah Holdings Limited (AAM) - Net Assets
Latest net assets as of March 2025: €13.65 Billion EUR
Based on the latest financial reports, Man Wah Holdings Limited (AAM) has net assets worth €13.65 Billion EUR as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€20.02 Billion) and total liabilities (€6.37 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €13.65 Billion |
| % of Total Assets | 68.17% |
| Annual Growth Rate | 10.61% |
| 5-Year Change | 19.68% |
| 10-Year Change | 189.77% |
| Growth Volatility | 15.79 |
Man Wah Holdings Limited - Net Assets Trend (2014–2025)
This chart illustrates how Man Wah Holdings Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Man Wah Holdings Limited (2014–2025)
The table below shows the annual net assets of Man Wah Holdings Limited from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | €13.65 Billion | +4.39% |
| 2024-03-31 | €13.08 Billion | +4.37% |
| 2023-03-31 | €12.53 Billion | -1.73% |
| 2022-03-31 | €12.75 Billion | +11.78% |
| 2021-03-31 | €11.41 Billion | +57.69% |
| 2020-03-31 | €7.23 Billion | +7.69% |
| 2019-03-31 | €6.72 Billion | +4.21% |
| 2018-03-31 | €6.44 Billion | +19.42% |
| 2017-03-31 | €5.40 Billion | +14.56% |
| 2016-03-31 | €4.71 Billion | +5.80% |
| 2015-03-31 | €4.45 Billion | -1.11% |
| 2014-03-31 | €4.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Man Wah Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 342.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €9.91 Billion | 77.94% |
| Other Components | €2.80 Billion | 22.06% |
| Total Equity | €12.71 Billion | 100.00% |
Man Wah Holdings Limited Competitors by Market Cap
The table below lists competitors of Man Wah Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SonoScape Medical Corp
SHE:300633
|
$697.16 Million |
|
Hsino Tower Group Co., Ltd.
SHG:601096
|
$697.19 Million |
|
Hangzhou XZB Tech Co Ltd
SHG:603040
|
$697.24 Million |
|
CP Axtra Public Company Limited
BK:CPAXT
|
$697.92 Million |
|
Zhejiang Guyuelongshan Shaoxing Wine Co Ltd
SHG:600059
|
$696.96 Million |
|
AEHR TEST SYSTEMS DL-01
F:AYB
|
$696.69 Million |
|
Regis Healthcare Ltd
AU:REG
|
$696.47 Million |
|
Zhejiang Jiaao Enprotech
SHG:603822
|
$696.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Man Wah Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,083,386,000 to 12,710,656,000, a change of 627,270,000 (5.2%).
- Net income of 2,062,617,000 contributed positively to equity growth.
- Dividend payments of 1,163,331,000 reduced retained earnings.
- New share issuances of 2,185,000 increased equity.
- Other factors decreased equity by 274,201,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.06 Billion | +16.23% |
| Dividends Paid | €1.16 Billion | -9.15% |
| Share Issuances | €2.19 Million | +0.02% |
| Other Changes | €-274.20 Million | -2.16% |
| Total Change | €- | 5.19% |
Book Value vs Market Value Analysis
This analysis compares Man Wah Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.14x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.36x to 0.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | €1.32 | €0.47 | x |
| 2018-03-31 | €1.56 | €0.47 | x |
| 2019-03-31 | €1.63 | €0.47 | x |
| 2020-03-31 | €1.77 | €0.47 | x |
| 2021-03-31 | €2.71 | €0.47 | x |
| 2022-03-31 | €2.98 | €0.47 | x |
| 2023-03-31 | €2.95 | €0.47 | x |
| 2024-03-31 | €3.12 | €0.47 | x |
| 2025-03-31 | €3.28 | €0.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Man Wah Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.20%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.58x
- Recent ROE (16.23%) is below the historical average (22.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 21.93% | 16.31% | 0.98x | 1.38x | €531.51 Million |
| 2015 | 24.46% | 16.40% | 1.08x | 1.39x | €635.58 Million |
| 2016 | 28.17% | 18.11% | 1.30x | 1.20x | €856.01 Million |
| 2017 | 34.78% | 22.53% | 1.04x | 1.49x | €1.25 Billion |
| 2018 | 25.76% | 15.32% | 1.06x | 1.59x | €939.59 Million |
| 2019 | 21.91% | 12.11% | 0.86x | 2.11x | €741.48 Million |
| 2020 | 24.43% | 13.49% | 0.92x | 1.97x | €967.65 Million |
| 2021 | 17.92% | 11.71% | 0.94x | 1.62x | €850.38 Million |
| 2022 | 19.19% | 10.46% | 1.05x | 1.75x | €1.08 Billion |
| 2023 | 16.57% | 11.04% | 0.88x | 1.70x | €759.24 Million |
| 2024 | 19.05% | 12.51% | 0.93x | 1.64x | €1.09 Billion |
| 2025 | 16.23% | 12.20% | 0.84x | 1.58x | €791.55 Million |
Industry Comparison
This section compares Man Wah Holdings Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $290,719,779
- Average return on equity (ROE) among peers: -30.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Man Wah Holdings Limited (AAM) | €13.65 Billion | 21.93% | 0.47x | $697.13 Million |
| Elica S.p.A (7L4) | $139.58 Million | 5.64% | 1.87x | $14.20 Million |
| A.S. Création Tapeten AG (ACWN) | $65.87 Million | -9.14% | 0.59x | $6.42 Million |
| Herman Miller Inc (MHR) | $524.70 Million | 26.05% | 1.35x | $1.05 Billion |
| Nobia AB (publ) (NI8) | $947.00 Million | -343.51% | 8.54x | $80.05 Million |
| Dexelance S.p.A. (QZ2) | $154.38 Million | 18.14% | 2.08x | $21.39 Million |
| Samson Holding Ltd (S9K) | $327.42 Million | -14.85% | 0.95x | $46.41 Million |
| Sabaf S.p.A (SM5) | $110.74 Million | 7.53% | 0.57x | $99.29 Million |
| Surteco Group SE (SUR) | $334.90 Million | 5.28% | 0.96x | $114.34 Million |
| Vilniaus Baldai AB (UE3) | $11.89 Million | 27.25% | 1.28x | $25.04 Million |