361 Degrees International Limited, an investment holding company, designs, develops, manufactures, and sells adults and children sporting goods in the People’s Republic of China.
Very undervalued established dividend payer.
Share Price & News
How has 361 Degrees International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 36L's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 36L underperformed the German Luxury industry which returned 40.6% over the past year.
Return vs Market: 36L underperformed the German Market which returned 15% over the past year.
Price Volatility Vs. Market
How volatile is 361 Degrees International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is 361 Degrees International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 36L (€0.13) is trading below our estimate of fair value (€0.59)
Significantly Below Fair Value: 36L is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 36L is good value based on its PE Ratio (8.1x) compared to the Luxury industry average (26.9x).
PE vs Market: 36L is good value based on its PE Ratio (8.1x) compared to the German market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: 36L is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: 36L is good value based on its PB Ratio (0.4x) compared to the DE Luxury industry average (1.8x).
How is 361 Degrees International forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 36L's forecast earnings growth (14.1% per year) is above the savings rate (-0.4%).
Earnings vs Market: 36L's earnings (14.1% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: 36L's earnings are forecast to grow, but not significantly.
Revenue vs Market: 36L's revenue (5.9% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: 36L's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 36L's Return on Equity is forecast to be low in 3 years time (8.5%).
How has 361 Degrees International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 36L has high quality earnings.
Growing Profit Margin: 36L's current net profit margins (6.2%) are lower than last year (8.8%).
Past Earnings Growth Analysis
Earnings Trend: 36L's earnings have declined by -0.6% per year over the past 5 years.
Accelerating Growth: 36L's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 36L had negative earnings growth (-29%) over the past year, making it difficult to compare to the Luxury industry average (-0.9%).
Return on Equity
High ROE: 36L's Return on Equity (5.1%) is considered low.
Return on Assets
Return on Capital Employed
How is 361 Degrees International's financial position?
Financial Position Analysis
Short Term Liabilities: 36L's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 36L's short term assets (CN¥11.0B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 36L's debt to equity ratio (44%) is considered high.
Reducing Debt: 36L's debt to equity ratio has increased from 13.8% to 44% over the past 5 years.
Debt Coverage: 36L's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: 36L's interest payments on its debt are well covered by EBIT (9.4x coverage).
Inventory Level: 36L has a low level of unsold assets or inventory.
Debt Coverage by Assets: 36L's debt is covered by short term assets (assets are 4x debt).
What is 361 Degrees International's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 36L's dividend (10.97%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: 36L's dividend (10.97%) is in the top 25% of dividend payers in the German market (3.59%)
Stability and Growth of Payments
Stable Dividend: 36L's dividend payments have been volatile in the past 10 years.
Growing Dividend: 36L's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.2%), 36L's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 36L's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Wuhao Ding (54yo)
Mr. Ding Wuhao serves as the President of 361 Degrees International Limited and has been its Executive Director since August 1, 2008. Mr. Ding has more than 15 years of experience in the PRC sportswear ind ...
CEO Compensation Analysis
Compensation vs Market: Wuhao's total compensation ($USD174.76K) is below average for companies of similar size in the German market ($USD801.26K).
Compensation vs Earnings: Wuhao's compensation has been consistent with company performance over the past year.
|Executive Chairman||0yrs||CN¥1.02m||15.75% CN¥56.5m|
|President & Executive Director||11.5yrs||CN¥1.22m||16.7% CN¥59.9m|
|VP & Executive Director||11.5yrs||CN¥1.02m||15.67% CN¥56.2m|
|VP & Executive Director||11.5yrs||CN¥650.00k||8.16% CN¥29.3m|
|Independent Non-Executive Director||3.6yrs||CN¥355.00k||no data|
|Independent Non-Executive Director||0.8yrs||no data||no data|
|Independent Non- Executive Director||0.5yrs||no data||no data|
Experienced Board: 36L's board of directors are considered experienced (7.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
361 Degrees International Limited's company bio, employee growth, exchange listings and data sources
- Name: 361 Degrees International Limited
- Ticker: 36L
- Exchange: DB
- Founded: 2003
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$3.019b
- Listing Market Cap: HK$358.677m
- Shares outstanding: 2.07b
- Website: https://www.361sport.com
Number of Employees
- 361 Degrees International Limited
- 361° Building
- Huli High-technology Park
- Fujian Province
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|1361||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jun 2009|
|36L||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2009|
|TSIO.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2009|
|1361||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jun 2009|
|1361||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jun 2009|
361 Degrees International Limited, an investment holding company, designs, develops, manufactures, and sells adults and children sporting goods in the People’s Republic of China. The company operates in two segments, Adults and Kids. It offers professional footwear, apparel, and accessories under the 361 core brand name for adults, as well as under the 361 Kids brand name for children; and skiing, cycling, and other outdoor activities sporting products under the ONE WAY brand. The company also manufactures and trades in shoes soles; trades in children sporting goods; and operates a gas station. As of December 31, 2018, it operated a network of 5,539 stores under the 361 core brand name. The company also sells products through its 361sport.com Website; other e-commerce platforms, including Tmall, Taobao, and JD; and authorized retailers and distributors. 361 Degrees International Limited was founded in 2003 and is headquartered in Xiamen, the People's Republic of China.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 21:27|
|End of Day Share Price||2020/02/17 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.