Man Wah Holdings Ltd (MAWHY) fair value: what the stock is really worth
We calculate from audited financials what Man Wah Holdings Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range $5.54 – $44.11 · fair‑value band $12.14 – $27.11 · the $7.25 price screens below the $20.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
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, North America, and internationally.
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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, North America, 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 furniture spare parts, and metal frame for recliners. The company is also involved in advertising and marketing of home furnishing products; operation, leasing, and management of furniture malls; manufacturing and trading of bedding products; and online sales platform. In addition, it provides property management, development, and leasing services; and interior design. The company also operates hotel; and sells residential properties. The company was founded in 1992 and is based in Fo Tan, Hong Kong. Man Wah Holdings Limited is a subsidiary of Man Wah Investments Limited.
Stock analysis
Man Wah Holdings Ltd ADR (MAWHY) currently trades at $7.25, while our model-based Fair Value estimate is $20.11, implying the stock looks roughly 63.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $187.96 per share, and 26 of the 26 models we run sit above the $7.25 price.
Bear case: the Asset-Based group reads lowest at $49.42, and 0 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: $12.14 (bear) to $27.11 (bull), the price of $7.25 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Man Wah Holdings Ltd ADR reported revenue of HK$16.5B in FY2026 versus HK$21.5B in FY2022, a compound −6.4%/yr. Reported net income was HK$1.8B in FY2026, compounding −5.1%/yr from FY2022.
Key figures
Market cap $1.7B · P/E ratio 6.1 · P/S ratio 0.67 · EPS (TTM) $1.19 · Dividend yield 3.3% · Net margin 11.0% · Return on equity 13.2% · Return on assets (EBIT) 13.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 177%, MAWHY screens cheaper than that median.
Fair Value models
Bear $12.14Fair Value $20.11Bull $27.11
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then ($0.4321 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak, negative or inconsistent.
Latest YoY
−2.4%
Revenue growth/yr (3Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.7%
Revenue growth/yr (5Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Revenue growth/yr (21Y) ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.0%
Earnings growth per share plus dividend, before any change in valuation.
Earnings per share, growth per year−1.3%
Dividend (yield on the price)3.3%
Pace: last 5 vs last 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1.3% vs 3.3%, slowing
Share of sales kept as operating profit ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14.9% (2021) → 14.2% (2026) · steady
Growth Forecast
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, ten years of growth, then 2 % a year. Compared with the average analyst sales forecast (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+3.8%
How much the company would have to grow every year for ten years to justify the current price.
Analysts expect (Ø 2027/2028)
+2.5%
Average analyst sales forecast for the next fiscal years, per year.
🟡 Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Furnishings, Fixtures & Appliances · 312 stocks
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Is Man Wah Holdings Ltd (MAWHY) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of $20.11 versus a price of $7.25, about +177% upside (undervalued).
What is the fair value of MAWHY?
Our model-based fair value for Man Wah Holdings Ltd ADR is $20.11 (as of Sep 13, 2026), built from audited fundamentals. The current price: $7.25.
What is the quality score of MAWHY?
Man Wah Holdings Ltd ADR has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Man Wah Holdings Ltd (MAWHY)?
Our model-based price target is the fair value of $20.11 (as of Sep 13, 2026) from 26 valuation models. Cautious scenario $12.14, optimistic scenario $27.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Man Wah Holdings Ltd ADR stock forecast for 2026?
Our models put fair value at $20.11, about +177% upside versus a price of $7.25 (undervalued). Cautious scenario $12.14, optimistic scenario $27.11. The calculation is refreshed regularly with new filings.
What is the revenue of Man Wah Holdings Ltd (MAWHY)?
Man Wah Holdings Ltd ADR reported trailing-twelve-month revenue of about HK$16.4B (latest available figure, as of Sep 13, 2026).
Does Man Wah Holdings Ltd ADR pay a dividend?
Man Wah Holdings Ltd ADR currently shows a dividend yield of about 3.31% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Man Wah Holdings Ltd (MAWHY)?
For today's price to be fair in a discounted-cash-flow model, Man Wah Holdings Ltd ADR would have to grow free cash flow by +3.8 % per year for ten years (discount rate 12.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +0.1 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of MAWHY use?
Our models discount Man Wah Holdings Ltd ADR at 12.3 %: a base by market capitalisation (small), damped by beta 1.39, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Man Wah Holdings Ltd ADR that is +3.8 % per year a year over ten years, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has Man Wah Holdings Ltd (MAWHY) delivered so far?
Over the past 5 years revenue at Man Wah Holdings Ltd ADR grew +0.1 % a year. The price currently implies +3.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Man Wah Holdings Ltd (MAWHY) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Man Wah Holdings Ltd ADR (+3.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Man Wah Holdings Ltd (MAWHY)?
The free-cash-flow yield on the price is 9.75 %: that much free cash flow Man Wah Holdings Ltd ADR produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Man Wah Holdings Ltd (MAWHY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Man Wah Holdings Ltd ADR it is $20.11 per share (as of Sep 13, 2026), against a price of $7.25. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Man Wah Holdings Ltd ADR stock overvalued or undervalued in 2026?
As of Sep 13, 2026, MAWHY trades below its calculated fair value: price $7.25, fair value $20.11, a gap of about +177% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAWHY?
No. The price is what the market pays today ($7.25); the fair value is what the company's own numbers justify ($20.11). For Man Wah Holdings Ltd ADR the two are $12.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Man Wah Holdings Ltd ADR worth?
The market values Man Wah Holdings Ltd ADR at about $1.7B (market capitalisation, as of Sep 13, 2026). Per share that is $7.25; our models calculate a fair value of $20.11 per share.
What do the bullish and bearish scenarios say about MAWHY?
Our models span a range for Man Wah Holdings Ltd ADR: cautious scenario $12.14, base $20.11, optimistic $27.11 per share (as of Sep 13, 2026, price $7.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAWHY?
Man Wah Holdings Ltd ADR trades at a price-to-earnings ratio of 6.1 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.11 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.8, EV/EBITDA 3.4.
How solid is the balance sheet of Man Wah Holdings Ltd (MAWHY)?
Balance-sheet figures for Man Wah Holdings Ltd ADR (as of Sep 13, 2026): return on equity 13.2%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is MAWHY from its 52-week high?
Man Wah Holdings Ltd ADR trades at $7.25, about 46% below its 52-week high of $13.45 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of $20.11 is for.
Which stocks are comparable to Man Wah Holdings Ltd ADR?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, Haier Smart Home Co, King Slide Works Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Man Wah Holdings Ltd ADR stock attractive at the current price?
The data as of Sep 13, 2026: price $7.25, calculated fair value $20.11 (+177%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAWHY calculated?
We run Man Wah Holdings Ltd ADR through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $20.11, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 32.0 % above its aggregate fair value. Man Wah Holdings Ltd ADR currently trades 177 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Man Wah Holdings Ltd ADR right now?
The price is below even our cautious bear case ($12.14). The market is more pessimistic than our downside scenario. Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($12.14 to $27.11) leaves room in how you read the outcome.
Where does the earnings growth of Man Wah Holdings Ltd (MAWHY) come from?
Earnings per share at Man Wah Holdings Ltd ADR grew +4.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.3 %, EBIT margin −3.3 %, tax rate −0.8 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Man Wah Holdings Ltd ADR
How large is the market capitalisation of Man Wah Holdings Ltd (MAWHY)?
The market capitalisation of Man Wah Holdings Ltd ADR is $1.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Man Wah Holdings Ltd (MAWHY)?
The price-to-sales ratio of Man Wah Holdings Ltd ADR is 0.67 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Man Wah Holdings Ltd (MAWHY)?
Earnings per share at Man Wah Holdings Ltd ADR are $1.19 (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Man Wah Holdings Ltd (MAWHY)?
The dividend yield of Man Wah Holdings Ltd ADR is 3.3% (payout 20.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Man Wah Holdings Ltd (MAWHY)?
The net margin of Man Wah Holdings Ltd ADR is 11.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Man Wah Holdings Ltd (MAWHY)?
The return on equity (ROE) of Man Wah Holdings Ltd ADR is 13.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Man Wah Holdings Ltd (MAWHY)?
On an EBIT basis the return on assets of Man Wah Holdings Ltd ADR is 13.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Man Wah Holdings Ltd (MAWHY)?
The operating margin of Man Wah Holdings Ltd ADR is 11.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Man Wah Holdings Ltd (MAWHY)?
Revenue at Man Wah Holdings Ltd ADR is growing −2.5% versus a year earlier (3y avg −1.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Man Wah Holdings Ltd (MAWHY)?
Earnings per share at Man Wah Holdings Ltd ADR are growing −27.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Man Wah Holdings Ltd (MAWHY) carry?
The net debt of Man Wah Holdings Ltd ADR is HK$1.5B (fiscal year 2026, ≈ 1.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 13, 2026