Announcement • Jun 30
Comefly Outdoor Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026 Comefly Outdoor Co., Ltd. announced that they will report first half, 2026 results on Aug 27, 2026 Price Target Changed • May 15
Price target increased by 25% to CN¥40.00 Up from CN¥32.00, the current price target is provided by 1 analyst. New target price is 72% above last closing price of CN¥23.22. Stock is down 4.6% over the past year. The company is forecast to post earnings per share of CN¥1.96 next year compared to a net loss per share of CN¥0.37 last year. Reported Earnings • Apr 28
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: CN¥0.37 loss per share (down from CN¥0.90 profit in FY 2024). Revenue: CN¥1.01b (down 22% from FY 2024). Net loss: CN¥34.2m (down 141% from profit in FY 2024). Revenue missed analyst estimates by 6.7%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Apr 28
Comefly Outdoor Co., Ltd., Annual General Meeting, May 25, 2026 Comefly Outdoor Co., Ltd., Annual General Meeting, May 25, 2026, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Announcement • Mar 30
Comefly Outdoor Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Comefly Outdoor Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥20.90, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Leisure industry in China. Total loss to shareholders of 50% over the past three years. Announcement • Dec 26
Comefly Outdoor Co., Ltd. to Report Fiscal Year 2025 Results on Apr 28, 2026 Comefly Outdoor Co., Ltd. announced that they will report fiscal year 2025 results on Apr 28, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: CN¥0.11 loss per share (vs CN¥0.14 profit in 3Q 2024) Third quarter 2025 results: CN¥0.11 loss per share (down from CN¥0.14 profit in 3Q 2024). Revenue: CN¥213.2m (down 13% from 3Q 2024). Net loss: CN¥10.6m (down 180% from profit in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Oct 17
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.34b to CN¥1.21b. EPS estimate also fell from CN¥1.49 per share to CN¥1.33 per share. Net income forecast to grow 72% next year vs 29% growth forecast for Leisure industry in China. Consensus price target up from CN¥32.00 to CN¥34.00. Share price fell 3.2% to CN¥24.17 over the past week. Announcement • Sep 30
Comefly Outdoor Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Comefly Outdoor Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 New Risk • Sep 08
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 105% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 117% Cash payout ratio: 105% Minor Risk Large one-off items impacting financial results. Price Target Changed • Jul 01
Price target increased by 13% to CN¥32.00 Up from CN¥28.25, the current price target is an average from 2 analysts. New target price is 27% above last closing price of CN¥25.26. Stock is up 25% over the past year. The company is forecast to post earnings per share of CN¥1.03 for next year compared to CN¥0.90 last year. Announcement • Jun 30
Comefly Outdoor Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Comefly Outdoor Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • May 31
Dividend of CN¥0.65 announced Shareholders will receive a dividend of CN¥0.65. Ex-date: 6th June 2025 Payment date: 6th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (107% cash payout ratio). The dividend has increased by an average of 11% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 74% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • May 08
Consensus revenue estimates fall by 22% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥1.73b to CN¥1.34b. EPS estimate fell from CN¥1.36 to CN¥1.03 per share. Net income forecast to grow 25% next year vs 23% growth forecast for Leisure industry in China. Consensus price target of CN¥26.29 unchanged from last update. Share price rose 4.2% to CN¥24.75 over the past week. Reported Earnings • May 03
First quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.34 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.33 (down from CN¥0.34 in 1Q 2024). Revenue: CN¥334.4m (down 6.1% from 1Q 2024). Net income: CN¥30.7m (down 2.7% from 1Q 2024). Profit margin: 9.2% (up from 8.9% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Apr 29
Comefly Outdoor Co., Ltd., Annual General Meeting, May 19, 2025 Comefly Outdoor Co., Ltd., Annual General Meeting, May 19, 2025, at 14:00 China Standard Time. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥22.44, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Leisure industry in China. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥32.93 per share. Buy Or Sell Opportunity • Apr 07
Now 24% undervalued Over the last 90 days, the stock has risen 17% to CN¥24.93. The fair value is estimated to be CN¥32.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Announcement • Mar 28
Comefly Outdoor Co., Ltd. to Report Q1, 2025 Results on Apr 29, 2025 Comefly Outdoor Co., Ltd. announced that they will report Q1, 2025 results on Apr 29, 2025 Announcement • Dec 27
Comefly Outdoor Co., Ltd. to Report Fiscal Year 2024 Results on Apr 29, 2025 Comefly Outdoor Co., Ltd. announced that they will report fiscal year 2024 results on Apr 29, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥22.82, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Leisure industry in China. Total loss to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.75 per share. Buy Or Sell Opportunity • Dec 18
Now 22% undervalued Over the last 90 days, the stock has risen 36% to CN¥24.68. The fair value is estimated to be CN¥31.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Price Target Changed • Dec 10
Price target decreased by 7.9% to CN¥26.01 Down from CN¥28.25, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥25.30. Stock is down 7.0% over the past year. The company is forecast to post earnings per share of CN¥1.25 for next year compared to CN¥1.15 last year. Buy Or Sell Opportunity • Nov 26
Now 22% undervalued Over the last 90 days, the stock has risen 29% to CN¥24.85. The fair value is estimated to be CN¥31.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥26.95, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Leisure industry in China. Total returns to shareholders of 6.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.93 per share. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥24.56, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Leisure industry in China. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥31.96 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.34 (vs CN¥0.14 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.34 (up from CN¥0.14 in 3Q 2023). Revenue: CN¥245.7m (down 17% from 3Q 2023). Net income: CN¥13.3m (up 2.1% from 3Q 2023). Profit margin: 5.4% (up from 4.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Comefly Outdoor Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Comefly Outdoor Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to CN¥22.62, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 8.3% over the past three years. Major Estimate Revision • Sep 11
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥1.66b to CN¥1.59b. EPS estimate also fell from CN¥1.44 per share to CN¥1.26 per share. Net income forecast to grow 44% next year vs 37% growth forecast for Leisure industry in China. Consensus price target down from CN¥28.25 to CN¥26.01. Share price fell 6.1% to CN¥18.42 over the past week. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥1.22 (vs CN¥0.73 in 2Q 2023) Second quarter 2024 results: EPS: CN¥1.22. Revenue: CN¥478.6m (down 7.4% from 2Q 2023). Net income: CN¥47.6m (down 30% from 2Q 2023). Profit margin: 9.9% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Leisure industry in China. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥21.97, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Leisure industry in China. Total returns to shareholders of 35% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥34.83 per share. Announcement • Jun 28
Comefly Outdoor Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Comefly Outdoor Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Board Change • Jun 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Director Jun Mao was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to CN¥22.84, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Leisure industry in China. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥37.54 per share. Buy Or Sell Opportunity • Jun 06
Now 39% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to CN¥22.84. The fair value is estimated to be CN¥37.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Major Estimate Revision • May 07
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.49 to CN¥1.95 per share. Revenue forecast steady at CN¥1.71b. Net income forecast to grow 32% next year vs 40% growth forecast for Leisure industry in China. Consensus price target down from CN¥47.98 to CN¥44.22. Share price rose 2.9% to CN¥33.87 over the past week. Announcement • May 01
Comefly Outdoor Co., Ltd., Annual General Meeting, May 20, 2024 Comefly Outdoor Co., Ltd., Annual General Meeting, May 20, 2024, at 14:00 China Standard Time. Location: The Company's Meeting Room, Ningbo, Zhejiang China Reported Earnings • Apr 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: CN¥1.61 (down from CN¥2.11 in FY 2022). Revenue: CN¥1.46b (up 1.4% from FY 2022). Net income: CN¥106.8m (down 24% from FY 2022). Profit margin: 7.3% (down from 9.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Mar 29
Comefly Outdoor Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Comefly Outdoor Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥36.20, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Leisure industry in China. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.54 per share. Buy Or Sell Opportunity • Feb 08
Now 26% overvalued Over the last 90 days, the stock has fallen 34% to CN¥27.05. The fair value is estimated to be CN¥21.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 36%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to CN¥24.29, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Leisure industry in China. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.07 per share. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥32.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Leisure industry in China. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥20.44 per share. Announcement • Dec 29
Comefly Outdoor Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Comefly Outdoor Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Price Target Changed • Nov 08
Price target decreased by 7.5% to CN¥50.32 Down from CN¥54.41, the current price target is an average from 3 analysts. New target price is 24% above last closing price of CN¥40.60. Stock is down 39% over the past year. The company is forecast to post earnings per share of CN¥2.09 for next year compared to CN¥2.11 last year. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.25 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (down from CN¥0.25 in 3Q 2022). Revenue: CN¥295.3m (up 1.6% from 3Q 2022). Net income: CN¥13.0m (down 24% from 3Q 2022). Profit margin: 4.4% (down from 5.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 05
Price target decreased by 10% to CN¥64.20 Down from CN¥71.61, the current price target is an average from 4 analysts. New target price is 45% above last closing price of CN¥44.34. Stock is down 55% over the past year. The company is forecast to post earnings per share of CN¥2.31 for next year compared to CN¥2.11 last year. Reported Earnings • Aug 30
Second quarter 2023 earnings released: EPS: CN¥1.02 (vs CN¥1.15 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.02 (down from CN¥1.15 in 2Q 2022). Revenue: CN¥516.9m (down 4.3% from 2Q 2022). Net income: CN¥68.1m (down 11% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Comefly Outdoor Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Comefly Outdoor Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Buying Opportunity • May 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be CN¥60.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 30% in a year. Earnings is forecast to grow by 40% in the next year. Reported Earnings • Apr 13
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: CN¥2.10 (up from CN¥1.18 in FY 2021). Revenue: CN¥1.44b (up 56% from FY 2021). Net income: CN¥139.8m (up 78% from FY 2021). Profit margin: 9.7% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥82.27, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the Leisure industry in China. Total returns to shareholders of 260% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥65.84 per share. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥70.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Leisure industry in China. Total returns to shareholders of 231% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥64.86 per share. Buying Opportunity • Dec 16
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 42%. The fair value is estimated to be CN¥73.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 84% in 2 years. Earnings is forecast to grow by 105% in the next 2 years. Buying Opportunity • Nov 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be CN¥82.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 84% in 2 years. Earnings is forecast to grow by 105% in the next 2 years. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥67.42, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Leisure industry in China. Total returns to shareholders of 179% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥73.53 per share. Announcement • Nov 03
Comefly Outdoor Co., Ltd. (SHSE:603908) announces an Equity Buyback for CNY 30 million worth of its shares. Comefly Outdoor Co., Ltd. (SHSE:603908) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 30 million worth of its shares. The shares will be repurchased at a price not more than CNY 100 per share. The repurchased shares will be used for employee stock ownership plans or equity incentives. The program will be funded from company's own funds. The program will be valid for not more than 6 months. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: CN¥0.25 (vs CN¥0.27 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.25 (down from CN¥0.27 in 3Q 2021). Revenue: CN¥290.6m (up 56% from 3Q 2021). Net income: CN¥17.1m (down 5.0% from 3Q 2021). Profit margin: 5.9% (down from 9.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Leisure industry in China. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be CN¥79.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 100% in 2 years. Earnings is forecast to grow by 99% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥73.70, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Leisure industry in China. Total returns to shareholders of 175% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥80.97 per share. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥104, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 18x in the Leisure industry in China. Total returns to shareholders of 257% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥89.89 per share. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: CN¥1.15 (vs CN¥0.48 in 2Q 2021) Second quarter 2022 results: EPS: CN¥1.15 (up from CN¥0.48 in 2Q 2021). Revenue: CN¥539.9m (up 65% from 2Q 2021). Net income: CN¥76.4m (up 137% from 2Q 2021). Profit margin: 14% (up from 9.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 54%, compared to a 30% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥99.38, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 19x in the Leisure industry in China. Total returns to shareholders of 310% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥85.26 per share. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥95.27, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 20x in the Leisure industry in China. Total returns to shareholders of 282% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥69.68, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the Leisure industry in China. Total returns to shareholders of 221% over the past three years. Reported Earnings • May 02
First quarter 2022 earnings: EPS misses analyst expectations First quarter 2022 results: EPS: CN¥0.55 (up from CN¥0.32 in 1Q 2021). Revenue: CN¥327.4m (up 56% from 1Q 2021). Net income: CN¥36.8m (up 73% from 1Q 2021). Profit margin: 11% (up from 10% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 33%, compared to a 29% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥41.72, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Leisure industry in China. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥38.29, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Leisure industry in China. Total returns to shareholders of 61% over the past three years. Reported Earnings • Mar 11
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CN¥1.17 (up from CN¥0.69 in FY 2020). Revenue: CN¥923.3m (up 44% from FY 2020). Net income: CN¥78.1m (up 70% from FY 2020). Profit margin: 8.5% (up from 7.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 29%, compared to a 32% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥33.40, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Leisure industry in China. Total returns to shareholders of 52% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.27 (vs CN¥0.18 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥186.3m (up 36% from 3Q 2020). Net income: CN¥18.0m (up 52% from 3Q 2020). Profit margin: 9.7% (up from 8.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥28.30, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 36x in the Leisure industry in China. Total returns to shareholders of 33% over the past three years. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.69 (vs CN¥0.61 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: CN¥642.7m (up 21% from FY 2019). Net income: CN¥46.0m (up 13% from FY 2019). Profit margin: 7.2% (down from 7.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 04
New 90-day low: CN¥19.70 The company is down 28% from its price of CN¥27.45 on 06 November 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 5.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥21.64 The company is down 12% from its price of CN¥24.73 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥24.00 The company is down 6.0% from its price of CN¥25.65 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is down 5.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day high: CN¥28.74 The company is up 11% from its price of CN¥25.84 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is down 1.0% over the same period. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥47.9m, up 16% from the prior year. Total revenue was CN¥597.0m over the last 12 months, up 12% from the prior year. Announcement • Oct 30
Comefly Outdoor Co., Ltd. to Report Q3, 2020 Results on Oct 31, 2020 Comefly Outdoor Co., Ltd. announced that they will report Q3, 2020 results on Oct 31, 2020 Is New 90 Day High Low • Oct 29
New 90-day high: CN¥28.29 The company is up 8.0% from its price of CN¥26.29 on 31 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Leisure industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: CN¥24.39 The company is down 4.0% from its price of CN¥25.30 on 24 June 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 12% over the same period. Announcement • Jul 09
Comefly Outdoor Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020 Comefly Outdoor Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020