Man Wah Holdings (STU:AAM) Construction In Progress: €209 Mil (As of Mar. 2026)


STU:AAM Man Wah Holdings Ltd STU:AAM
50 GF Score
Price €0.31
GF Value €0.46
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Man Wah Holdings Construction In Progress?

Man Wah Holdings STU:AAM -9.94% 50 Construction In Progress is €209 Mil as of Mar. 2026. GuruFocus rates STU:AAM with a GF Score™ of 50/100 and a GF Value™ of €0.46 (Significantly Undervalued). The stock has 2 warning signs investors should review.

Man Wah Holdings's quarterly construction in progress declined from Mar. 2025 (€221 Mil) to Sep. 2025 (€6 Mil) but then increased from Sep. 2025 (€6 Mil) to Mar. 2026 (€209 Mil).

Man Wah Holdings's annual construction in progress declined from Mar. 2024 (€272 Mil) to Mar. 2025 (€221 Mil) and declined from Mar. 2025 (€221 Mil) to Mar. 2026 (€209 Mil).

Man Wah Holdings Construction In Progress Historical Data

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The historical data trend for Man Wah Holdings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Man Wah Holdings Construction In Progress Chart

Man Wah Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 169.00 199.50 271.56 220.97 209.32

Man Wah Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 271.56 23.72 220.97 6.42 209.32
STU:AAM
50GF Score
Man Wah Holdings Ltd STU:AAM
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Man Wah Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €209 Mil mean?
Man Wah Holdings (STU:AAM) has a Construction In Progress of €209 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Man Wah Holdings and its competitors.
Is Man Wah Holdings' Construction In Progress too high?
Man Wah Holdings' current Construction In Progress is €209 Mil. Overall, Man Wah Holdings has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Man Wah Holdings' Construction In Progress compare to SN and SGI?
Man Wah Holdings' Construction In Progress of €209 Mil can be compared against companies in the Furnishings, Fixtures & Appliances industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Furnishings, Fixtures & Appliances company?
A good Construction In Progress depends on the Furnishings, Fixtures & Appliances industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Man Wah Holdings and its competitors. Man Wah Holdings's current Construction In Progress is €209 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Wah Holdings stock overvalued right now?
Based on GuruFocus' analysis, Man Wah Holdings (STU:AAM) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.46, compared to a current price of €0.31 — trading 33% below its estimated fair value. The current Construction In Progress is €209 Mil. Man Wah Holdings' overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Man Wah Holdings (STU:AAM), the current Construction In Progress is €209 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Man Wah Holdings (STU:AAM) Overvalued in 2026?

Based on GuruFocus' analysis, Man Wah Holdings stock appears to be undervalued. The current stock price of €0.31 is trading 33% below its estimated GF Value™ of €0.46. GuruFocus considers Man Wah Holdings to be Significantly Undervalued.

Key valuation signals for STU:AAM:

  • Construction In Progress: €209 Mil
  • GF Value™: €0.46 vs. price of €0.31 (33% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the STU:AAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Man Wah Holdings Business Description

Address 10-14 Kwei Tei Street, 1st Floor, Wah Lai Industrial Center, New Territories, Fotan, Hong Kong, HKG
Man Wah Holdings Ltd is an investment holding company. The company's segment includes Sofas and ancillary products; Bedding and ancillary products; Other products; Other business and Home Group business. It generates maximum revenue from the Sofas and ancillary products segment. Sofas and ancillary products segment manufacture and distribution of sofas and ancillary products through wholesale and distributors other than those by Home Group Ltd and its subsidiaries. Geographically, it derives a majority of its revenue from PRC (including Hong Kong and Macau) and also ahs its presence in North America, Europe and others.
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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.31
Price
€0.46
GF Value