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361 Degrees International

DB:36L
Snowflake Description

Very undervalued with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
36L
DB
HK$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

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 last earnings update was 4 days ago. More info.


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36L Share Price and Events
7 Day Returns
0%
DB:36L
-1.4%
DE Luxury
1.3%
DE Market
1 Year Returns
-36.5%
DB:36L
7.5%
DE Luxury
-7.6%
DE Market
36L Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
361 Degrees International (36L) 0% -0.6% -2.4% -36.5% -36.2% 4.5%
DE Luxury -1.4% 5.2% 11.8% 7.5% 91.6% 112%
DE Market 1.3% 2.8% 7.5% -7.6% 9.3% 13.3%
1 Year Return vs Industry and Market
  • 36L underperformed the Luxury industry which returned 7.5% over the past year.
  • 36L underperformed the Market in Germany which returned -7.6% over the past year.
Price Volatility
36L
Industry
5yr Volatility vs Market

36L Value

 Is 361 Degrees International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 361 Degrees International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for 361 Degrees International.

DB:36L Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:36L
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Luxury Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.686 (1 + (1- 25%) (103.82%))
1.148
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.148 * 5.96%)
7.07%

Discounted Cash Flow Calculation for DB:36L using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 361 Degrees International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:36L DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.07%)
2019 603.25 Analyst x4 563.43
2020 714.50 Analyst x2 623.28
2021 818.67 Analyst x3 667.00
2022 897.15 Est @ 9.59% 682.69
2023 957.97 Est @ 6.78% 680.85
2024 1,004.08 Est @ 4.81% 666.51
2025 1,038.60 Est @ 3.44% 643.91
2026 1,064.31 Est @ 2.48% 616.29
2027 1,083.47 Est @ 1.8% 585.97
2028 1,097.87 Est @ 1.33% 554.56
Present value of next 10 years cash flows CN¥6,284.48
DB:36L DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,097.87 × (1 + 0.23%) ÷ (7.07% – 0.23%)
CN¥16,086.97
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥16,086.97 ÷ (1 + 7.07%)10
CN¥8,125.87
DB:36L Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,284.48 + CN¥8,125.87
CN¥14,410.35
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥14,410.35 / 2,067.60
CN¥6.97
DB:36L Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:1361)
1.17
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.97 x 1.17
HK$8.15
Non-primary Listing Adjustment Factor 1 share in DB:36L represents 0.10519x of SEHK:1361
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.10519x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 8.15 x 0.10519
€0.86
Value per share (EUR) From above. €0.86
Current discount Discount to share price of €0.16
= -1 x (€0.16 - €0.86) / €0.86
81.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price 361 Degrees International is available for.
Intrinsic value
>50%
Share price is €0.162 vs Future cash flow value of €0.85746
Current Discount Checks
For 361 Degrees International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 361 Degrees International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 361 Degrees International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 361 Degrees International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 361 Degrees International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:36L PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.15
SEHK:1361 Share Price ** SEHK (2019-03-19) in HKD HK$1.54
SEHK:1361 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.32
Germany Luxury Industry PE Ratio Median Figure of 7 Publicly-Listed Luxury Companies 24.6x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 19.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 361 Degrees International.

DB:36L PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1361 Share Price ÷ EPS (both in CNY)

= 1.32 ÷ 0.15

8.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 361 Degrees International is good value based on earnings compared to the DE Luxury industry average.
  • 361 Degrees International is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does 361 Degrees International's expected growth come at a high price?
Raw Data
DB:36L PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
15.6%per year
Europe Luxury Industry PEG Ratio Median Figure of 39 Publicly-Listed Luxury Companies 1.77x
Germany Market PEG Ratio Median Figure of 276 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

DB:36L PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.97x ÷ 15.6%

0.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 361 Degrees International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on 361 Degrees International's assets?
Raw Data
DB:36L PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥2.79
SEHK:1361 Share Price * SEHK (2019-03-19) in HKD HK$1.54
SEHK:1361 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.855 CN¥1.32
Germany Luxury Industry PB Ratio Median Figure of 11 Publicly-Listed Luxury Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.76x
DB:36L PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1361 Share Price ÷ Book Value per Share (both in CNY)

= 1.32 ÷ 2.79

0.47x

* Primary Listing of 361 Degrees International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 361 Degrees International is good value based on assets compared to the DE Luxury industry average.
X
Value checks
We assess 361 Degrees International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. 361 Degrees International has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

36L Future Performance

 How is 361 Degrees International expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 361 Degrees International expected to grow at an attractive rate?
  • 361 Degrees International's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • 361 Degrees International's earnings growth is expected to exceed the Germany market average.
  • 361 Degrees International's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:36L Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:36L Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 15.6%
DB:36L Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6%
Germany Luxury Industry Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Luxury Industry Revenue Growth Rate Market Cap Weighted Average 7%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:36L Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:36L Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,230 716 496 4
2020-12-31 5,775 582 446 5
2019-12-31 5,488 440 390 4
DB:36L Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 5,187 295 304
2018-09-30 5,282 330 389
2018-06-30 5,377 365 473
2018-03-31 5,268 598 465
2017-12-31 5,158 832 457
2017-09-30 5,212 1,039 452
2017-06-30 5,265 1,247 448
2017-03-31 5,144 1,189 425
2016-12-31 5,023 1,132 403
2016-09-30 4,914 758 462
2016-06-30 4,806 385 521
2016-03-31 4,632 315 519

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 361 Degrees International's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
  • 361 Degrees International's revenue is expected to grow by 6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:36L Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from 361 Degrees International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:36L Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.24 0.26 0.23 4.00
2020-12-31 0.22 0.23 0.19 5.00
2019-12-31 0.19 0.20 0.16 4.00
DB:36L Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.15
2018-09-30 0.19
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.22
2017-09-30 0.22
2017-06-30 0.22
2017-03-31 0.21
2016-12-31 0.19
2016-09-30 0.22
2016-06-30 0.25
2016-03-31 0.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • 361 Degrees International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess 361 Degrees International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
361 Degrees International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

36L Past Performance

  How has 361 Degrees International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 361 Degrees International's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 361 Degrees International's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • 361 Degrees International's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • 361 Degrees International's 1-year earnings growth is negative, it can't be compared to the DE Luxury industry average.
Earnings and Revenue History
361 Degrees International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 361 Degrees International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:36L Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 5,187.45 303.67 1,523.68
2018-09-30 5,282.18 388.56 1,522.80
2018-06-30 5,376.91 473.46 1,521.92
2018-03-31 5,267.56 465.08 1,458.32
2017-12-31 5,158.20 456.71 1,394.71
2017-09-30 5,211.74 452.27 1,358.00
2017-06-30 5,265.27 447.82 1,321.29
2017-03-31 5,143.97 425.24 1,304.09
2016-12-31 5,022.68 402.65 1,286.89
2016-09-30 4,914.29 461.89 1,241.00
2016-06-30 4,805.91 521.14 1,195.11
2016-03-31 4,632.30 519.39 1,142.79
2015-12-31 4,458.70 517.64 1,090.47
2015-09-30 4,241.63 460.74 1,033.28
2015-06-30 4,024.55 403.85 976.10
2015-03-31 3,965.42 400.74 974.31
2014-12-31 3,906.29 397.64 972.51
2014-09-30 3,790.84 333.51 1,054.89
2014-06-30 3,675.40 269.38 1,137.27
2014-03-31 3,629.44 240.32 1,145.51
2013-12-31 3,583.48 211.26 1,153.76
2013-09-30 3,831.56 264.07 1,116.71
2013-06-30 4,079.64 316.88 1,079.66
2013-03-31 4,515.11 512.05 1,135.75
2012-12-31 4,950.58 707.21 1,191.84
2012-06-30 5,251.89 955.28 1,252.08
2012-03-31 5,410.29 1,044.17 1,152.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 361 Degrees International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 361 Degrees International used its assets less efficiently than the DE Luxury industry average last year based on Return on Assets.
  • 361 Degrees International's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess 361 Degrees International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
361 Degrees International has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

36L Health

 How is 361 Degrees International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up 361 Degrees International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 361 Degrees International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • 361 Degrees International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 361 Degrees International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 361 Degrees International Company Filings, last reported 2 months ago.

DB:36L Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 5,894.39 2,826.57 6,151.31
2018-09-30 5,894.39 2,826.57 6,151.31
2018-06-30 6,125.06 2,723.47 5,641.02
2018-03-31 6,125.06 2,723.47 5,641.02
2017-12-31 5,831.49 2,578.29 5,723.32
2017-09-30 5,831.49 2,578.29 5,723.32
2017-06-30 5,765.78 2,740.99 5,793.62
2017-03-31 5,765.78 2,740.99 5,793.62
2016-12-31 5,417.72 2,803.17 5,419.98
2016-09-30 5,417.72 2,803.17 5,419.98
2016-06-30 5,543.86 4,036.02 6,388.38
2016-03-31 5,543.86 4,036.02 6,388.38
2015-12-31 5,366.46 1,504.51 3,788.92
2015-09-30 5,366.46 1,504.51 3,788.92
2015-06-30 5,248.49 1,506.36 4,002.94
2015-03-31 5,248.49 1,506.36 4,002.94
2014-12-31 5,036.95 1,500.18 3,935.34
2014-09-30 5,036.95 1,500.18 3,935.34
2014-06-30 5,001.95 679.19 3,351.68
2014-03-31 5,001.95 679.19 3,351.68
2013-12-31 4,740.68 783.44 2,819.91
2013-09-30 4,740.68 783.44 2,819.91
2013-06-30 4,793.70 785.96 3,119.92
2013-03-31 4,793.70 785.96 3,119.92
2012-12-31 4,730.46 795.38 2,701.40
2012-06-30 4,757.51 776.84 3,247.40
2012-03-31 4,757.51 776.84 3,247.40
  • 361 Degrees International's level of debt (48%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.5% vs 48% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess 361 Degrees International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 361 Degrees International has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

36L Dividends

 What is 361 Degrees International's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from 361 Degrees International dividends. Estimated to be 6.75% next year.
If you bought €2,000 of 361 Degrees International shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate 361 Degrees International's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate 361 Degrees International's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:36L Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Germany Luxury Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:36L Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.10 4.00
2020-12-31 0.09 5.00
2019-12-31 0.08 5.00
DB:36L Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-15 0.000 0.000
2018-03-20 0.091 5.271
2017-03-14 0.060 2.484
2016-08-16 0.103 4.079
2016-03-08 0.103 5.015
2015-03-19 0.060 2.737
2015-03-10 0.060 3.250
2014-08-19 0.100 5.692
2014-03-17 0.000 0.000
2013-08-20 0.080 4.931
2013-03-15 0.140 8.974
2013-03-05 0.140 7.678
2012-03-12 0.231 13.514
2011-08-23 0.232 8.264
2011-02-22 0.161 4.089
2010-09-09 0.133 2.469
2010-08-24 0.133 2.306
2010-02-22 0.086 1.680
2009-09-23 0.065 1.617

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as 361 Degrees International has not reported any payouts.
  • Unable to verify if 361 Degrees International's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of 361 Degrees International's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as 361 Degrees International has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess 361 Degrees International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 361 Degrees International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 361 Degrees International has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

36L Management

 What is the CEO of 361 Degrees International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wuhao Ding
COMPENSATION CN¥1,331,000
AGE 53
TENURE AS CEO 10.6 years
CEO Bio

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 industry. Since December 2006, Mr. Ding has been a member of the Chinese People’s Political ConsultativeConference Fujian Province Jinjiang City Committee. In October 2008, he received the award of the “2008 Most Socially Responsible Entrepreneur in China” (2008) by the Annual Selection Organising Committee of China Human Resources Management. In May 2009, he received the “Contribution Award for China TV Sports Programmes” by CCTV Sports Channel. Mr. Ding holds a Diploma in Business Management and Economics from Guanghua School of Management of Peking University.

CEO Compensation
  • Wuhao's compensation has been consistent with company performance over the past year.
  • Wuhao's remuneration is lower than average for companies of similar size in Germany.
Management Team

Huihuang Ding

TITLE
Executive Chairman
COMPENSATION
CN¥1M
AGE
52

Wuhao Ding

TITLE
President & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
10.6 yrs

Huirong Ding

TITLE
Vice President & Executive Director
COMPENSATION
CN¥1M
AGE
46

Jiabi Wang

TITLE
Vice President and Executive Director
COMPENSATION
CN¥641K
AGE
60

Mun Choi

TITLE
CFO & Company Secretary
AGE
49

Nina Zhan

TITLE
Vice-President of Investor Relations
AGE
37
Board of Directors Tenure

Average tenure and age of the 361 Degrees International board of directors in years:

8.5
Average Tenure
52
Average Age
  • The tenure for the 361 Degrees International board of directors is about average.
Board of Directors

Huihuang Ding

TITLE
Executive Chairman
COMPENSATION
CN¥1M
AGE
52

Wuhao Ding

TITLE
President & Executive Director
COMPENSATION
CN¥1M
AGE
53
TENURE
10.6 yrs

Huirong Ding

TITLE
Vice President & Executive Director
COMPENSATION
CN¥1M
AGE
46
TENURE
10.6 yrs

Jiabi Wang

TITLE
Vice President and Executive Director
COMPENSATION
CN¥641K
AGE
60
TENURE
10.6 yrs

Yung Kwok Tsui

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥468K
AGE
50
TENURE
6.5 yrs

Jianwen Liao

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥347K
AGE
51
TENURE
4.8 yrs

Roger Li

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥351K
AGE
57
TENURE
2.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess 361 Degrees International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 361 Degrees International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

36L News

Simply Wall St News

36L Company Info

Description

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 professional sporting products, including footwear, apparel, and equipment 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, 2017, it operated a network of 5,808 stores under the 361 core brand name; 1,797 points-of-sale offering 361 Kids products; and 46 self-operated ONE WAY stores. 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.

Details
Name: 361 Degrees International Limited
36L
Exchange: DB
Founded: 2003
HK$357,352,838
2,067,602,000
Website: http://www.361sport.com
Address: 361 Degrees International Limited
361° Building,
Huli High-technology Park,
Xiamen,
Fujian Province, 361009,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1361 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Jun 2009
OTCPK TSIO.F Ordinary Shares Pink Sheets LLC US USD 30. Jun 2009
DB 36L Ordinary Shares Deutsche Boerse AG DE EUR 30. Jun 2009
SHSC 1361 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 30. Jun 2009
SZSC 1361 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 30. Jun 2009
Number of employees
Current staff
Staff numbers
7,992
361 Degrees International employees.
Industry
Apparel, Accessories and Luxury Goods
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 21:16
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.