Li Ning (2331) Stock Overview
A sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
2331 Community Fair Values
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Analyst Price Targets
Li Ning Company Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$20.22 |
| 52 Week High | HK$23.42 |
| 52 Week Low | HK$14.42 |
| Beta | 1.05 |
| 1 Month Change | -6.91% |
| 3 Month Change | -1.08% |
| 1 Year Change | 32.68% |
| 3 Year Change | -63.76% |
| 5 Year Change | -70.48% |
| Change since IPO | 760.43% |
Recent News & Updates
Li Ning Company Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 24
2331: Future Margin Execution And Recent Upgrade Will Support Upside
Analysts have nudged their fair value estimate for Li Ning to HK$25.95 from about HK$25.79, reflecting their recent upgrade and updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Analysts updating their models around the HK$25.95 fair value are focusing on how Li Ning can balance growth ambitions with disciplined execution and valuation support.2331: Future Margin Execution And Puma Bid Potential Will Support Upside
Narrative Update: Li Ning Analysts have lifted their fair value estimate for Li Ning from about HK$21.89 to around HK$25.79, citing updated assumptions for revenue growth, profit margins and forward P/E, which result in a higher long term price target. Analyst Commentary Recent research, including a fresh upgrade from Goldman Sachs, focuses on how Li Ning can justify a higher fair value through execution on growth plans, profitability, and capital allocation.
2331: Elevated P/E Assumptions Will Likely Expose Limited Upside Risk
Analysts have lifted their HK$ fair value estimate for Li Ning from about HK$12.06 to around HK$17.02, citing updated assumptions for revenue growth, profit margins and future P/E multiples following recent research updates. Analyst Commentary Recent research points to a mixed backdrop for Li Ning, with some optimism around fair value and execution, but also a clear set of risks that readers should keep on their radar.Recent updates
Li Ning Company Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Apr 242331: Future Margin Execution And Recent Upgrade Will Support Upside
Analysts have nudged their fair value estimate for Li Ning to HK$25.95 from about HK$25.79, reflecting their recent upgrade and updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Analysts updating their models around the HK$25.95 fair value are focusing on how Li Ning can balance growth ambitions with disciplined execution and valuation support.2331: Future Margin Execution And Puma Bid Potential Will Support Upside
Narrative Update: Li Ning Analysts have lifted their fair value estimate for Li Ning from about HK$21.89 to around HK$25.79, citing updated assumptions for revenue growth, profit margins and forward P/E, which result in a higher long term price target. Analyst Commentary Recent research, including a fresh upgrade from Goldman Sachs, focuses on how Li Ning can justify a higher fair value through execution on growth plans, profitability, and capital allocation.2331: Elevated P/E Assumptions Will Likely Expose Limited Upside Risk
Analysts have lifted their HK$ fair value estimate for Li Ning from about HK$12.06 to around HK$17.02, citing updated assumptions for revenue growth, profit margins and future P/E multiples following recent research updates. Analyst Commentary Recent research points to a mixed backdrop for Li Ning, with some optimism around fair value and execution, but also a clear set of risks that readers should keep on their radar.
2331: Upcoming Results And Dividend Decision Will Support Future Upside Potential
Analysts have raised their price target for Li Ning, with fair value moving slightly from HK$34.50 to HK$34.98 as they factor in modest adjustments to discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Board meeting scheduled for Mar 19, 2026, to approve the announcement of interim results for the year ended Dec 31, 2025, for Li Ning and its subsidiaries for publication (Key Developments).2331: Potential Puma Bid Interest Will Support Future Upside Potential
Analysts have nudged their fair value estimate for Li Ning to HK$34.50 from HK$34.28, reflecting slightly adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E, which together support a modestly higher price target. What's in the News Media reports indicate that ANTA Sports Products is exploring a potential takeover bid for Puma, and Li Ning is cited as another Chinese sportswear group that has been taking an early look at the German brand and discussing financing options with banks.2331: Potential Puma Deal Will Drive Future Upside And Brand Expansion Potential
Analysts have nudged their price target on Li Ning slightly higher, to an implied fair value of about $34.28 from roughly $34.13, citing small tweaks to assumptions around the discount rate, revenue growth, profit margin, and forward P/E. What's in the News Media reports link Li Ning as a potential bidder for German sportswear brand Puma SE, alongside ANTA Sports and ASICS, with interest centered on a possible takeover process involving multiple parties (Bloomberg / Reuters) Reports indicate Li Ning has been discussing financing options with banks as it takes an early look at a possible Puma transaction.2331: Potential Puma Bid Will Support Future Upside And Brand Expansion Potential
Analysts have slightly increased their fair value estimate for Li Ning to HK$34.13 from HK$34.06, citing updated assumptions around revenue growth, profit margin and future P/E multiples. What's in the News Media reports suggest Li Ning is among potential bidders exploring a possible takeover of German sportswear brand Puma SE, alongside ANTA Sports Products and ASICS Corporation (Bloomberg/Reuters report).2331: Potential Puma Bid Will Support Future Upside With Improved Profit Outlook
Analysts have raised their fair value estimate for Li Ning from HK$33.47 to about HK$34.06, citing updated assumptions that combine a lower discount rate and slightly higher projected profit margins with more moderate revenue growth and a higher anticipated future P/E multiple. What's in the News Media reports indicate Chinese sportswear group Li Ning is among potential bidders evaluating a possible takeover of German sportswear brand Puma, alongside ANTA Sports and ASICS (Bloomberg, Reuters).Here's What's Concerning About Li Ning's (HKG:2331) Returns On Capital
Jan 032331: Future Puma Bid Potential Will Support Long Term Upside
Analysts have raised their price target on Li Ning slightly from roughly $21.40 to about $21.89, citing modest improvements in long term valuation multiples despite slightly softer expectations for revenue growth and profit margins. What's in the News Li Ning has been cited among potential bidders evaluating a possible takeover of German sportswear brand Puma SE, alongside Chinese peer ANTA Sports and Japan's ASICS, according to media reports on early stage discussions (Bloomberg / Reuters).2331: Potential Puma Bid Will Drive Future Upside Despite Slightly Higher Risk
Analysts have trimmed their price target for Li Ning slightly to reflect a modest adjustment in fair value and discount rate assumptions, even as they factor in marginally stronger long term revenue growth and stable profit margins. What's in the News Li Ning has been identified among potential bidders that are exploring an early-stage review of acquiring German sportswear brand Puma, alongside ANTA Sports and ASICS.Is Li Ning Company Limited (HKG:2331) Potentially Undervalued?
Dec 03Li Ning Company Limited (HKG:2331) Shares Could Be 21% Below Their Intrinsic Value Estimate
Nov 18Some Confidence Is Lacking In Li Ning Company Limited's (HKG:2331) P/E
Oct 12Li Ning's (HKG:2331) Dividend Will Be CN¥0.368
Aug 27Premium Product Focus And Digital Channels Will Build Future Success
The upward revision of Li Ning’s consensus price target reflects improved revenue growth forecasts and a higher prospective P/E multiple, with fair value rising from HK$18.54 to HK$19.79. What's in the News Interim dividend of RMB 0.3359 per share announced for six months ended June 30, 2025.Is Now An Opportune Moment To Examine Li Ning Company Limited (HKG:2331)?
Aug 17There Are Reasons To Feel Uneasy About Li Ning's (HKG:2331) Returns On Capital
Aug 01Li Ning Company Limited's (HKG:2331) Intrinsic Value Is Potentially 41% Above Its Share Price
Jun 30Premium Product Focus And Digital Channels Will Build Future Success
Emphasis on premium products, innovation, and digital channels is strengthening Li Ning's brand, pricing power, and profitability while reducing reliance on physical stores.Li Ning's (HKG:2331) Dividend Will Be CN¥0.2266
Jun 15Shareholder Returns
| 2331 | HK Luxury | HK Market | |
|---|---|---|---|
| 7D | 0.7% | -2.8% | -0.8% |
| 1Y | 32.7% | -6.2% | 20.2% |
Return vs Industry: 2331 exceeded the Hong Kong Luxury industry which returned -6.2% over the past year.
Return vs Market: 2331 exceeded the Hong Kong Market which returned 20.2% over the past year.
Price Volatility
| 2331 volatility | |
|---|---|
| 2331 Average Weekly Movement | 5.6% |
| Luxury Industry Average Movement | 6.6% |
| Market Average Movement | 7.1% |
| 10% most volatile stocks in HK Market | 14.8% |
| 10% least volatile stocks in HK Market | 3.5% |
Stable Share Price: 2331 has not had significant price volatility in the past 3 months compared to the Hong Kong market.
Volatility Over Time: 2331's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1990 | 5,152 | Ning Li | www.lining.com |
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People’s Republic of China and internationally. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand. It also develops, manufactures, markets, distributes, and sells outdoor sports products under the AIGLE brand; table tennis products under the Double Happiness brand name; and badminton products under the Kason brand name.
Li Ning Company Limited Fundamentals Summary
| 2331 fundamental statistics | |
|---|---|
| Market cap | HK$52.08b |
| Earnings (TTM) | HK$3.37b |
| Revenue (TTM) | HK$33.96b |
15.5x
P/E Ratio1.5x
P/S RatioIs 2331 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 2331 income statement (TTM) | |
|---|---|
| Revenue | CN¥29.60b |
| Cost of Revenue | CN¥15.11b |
| Gross Profit | CN¥14.49b |
| Other Expenses | CN¥11.55b |
| Earnings | CN¥2.94b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.14 |
| Gross Margin | 48.95% |
| Net Profit Margin | 9.92% |
| Debt/Equity Ratio | 0% |
How did 2331 perform over the long term?
See historical performance and comparisonDividends
3.2%
Current Dividend Yield50%
Payout RatioDoes 2331 pay a reliable dividends?
See 2331 dividend history and benchmarks| Li Ning dividend dates | |
|---|---|
| Ex Dividend Date | Jun 15 2026 |
| Dividend Pay Date | Jun 29 2026 |
| Days until Ex dividend | 43 days |
| Days until Dividend pay date | 57 days |
Does 2331 pay a reliable dividends?
See 2331 dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/02 03:21 |
| End of Day Share Price | 2026/04/30 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Li Ning Company Limited is covered by 58 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vineet Kulbandu Sharma | Barclays |
| Jiaying Huang | Barclays |
| Melinda Hu | Bernstein |