China Dongxiang (Group) Co., Ltd., together with its subsidiaries, designs, develops, markets, and sells sport-related apparel, footwear, and accessories in the People’s Republic of China and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.82|
|52 Week High||HK$0.69|
|52 Week Low||HK$1.42|
|1 Month Change||-10.87%|
|3 Month Change||-33.33%|
|1 Year Change||-13.68%|
|3 Year Change||-37.41%|
|5 Year Change||-46.41%|
|Change since IPO||-84.90%|
Recent News & Updates
|3818||HK Luxury||HK Market|
Return vs Industry: 3818 underperformed the Hong Kong Luxury industry which returned 78.4% over the past year.
Return vs Market: 3818 underperformed the Hong Kong Market which returned 10.1% over the past year.
Stable Share Price: 3818 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 3818's weekly volatility (8%) has been stable over the past year.
About the Company
China Dongxiang (Group) Co., Ltd., together with its subsidiaries, designs, develops, markets, and sells sport-related apparel, footwear, and accessories in the People’s Republic of China and internationally. The company offers its products under the Kappa, Phenix, X-NIX, and INHABITANT brands. It is also involved in the retail sale of sportswear through a network of retail shops and outlets, as well as online.
China Dongxiang (Group) Fundamentals Summary
|3818 fundamental statistics|
Is 3818 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|3818 income statement (TTM)|
|Cost of Revenue||CN¥650.59m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.32|
|Net Profit Margin||94.70%|
How did 3818 perform over the long term?See historical performance and comparison
15.8%Current Dividend Yield
Is China Dongxiang (Group) 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: 3818 (HK$0.82) is trading below our estimate of fair value (HK$1.34)
Significantly Below Fair Value: 3818 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 3818 is good value based on its PE Ratio (2.1x) compared to the Hong Kong Luxury industry average (9.1x).
PE vs Market: 3818 is good value based on its PE Ratio (2.1x) compared to the Hong Kong market (9.8x).
Price to Earnings Growth Ratio
PEG Ratio: 3818's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 3818 is good value based on its PB Ratio (0.3x) compared to the HK Luxury industry average (0.8x).
How is China Dongxiang (Group) forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 3818's earnings are forecast to decline over the next 3 years (-34% per year).
Earnings vs Market: 3818's earnings are forecast to decline over the next 3 years (-34% per year).
High Growth Earnings: 3818's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 3818's revenue (9.7% per year) is forecast to grow slower than the Hong Kong market (12.3% per year).
High Growth Revenue: 3818's revenue (9.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 3818's Return on Equity is forecast to be low in 3 years time (8.3%).
How has China Dongxiang (Group) performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 3818 has a high level of non-cash earnings.
Growing Profit Margin: 3818's current net profit margins (94.7%) are higher than last year (26.8%).
Past Earnings Growth Analysis
Earnings Trend: 3818's earnings have grown by 8.1% per year over the past 5 years.
Accelerating Growth: 3818's earnings growth over the past year (352.1%) exceeds its 5-year average (8.1% per year).
Earnings vs Industry: 3818 earnings growth over the past year (352.1%) exceeded the Luxury industry 37.6%.
Return on Equity
High ROE: 3818's Return on Equity (16.2%) is considered low.
How is China Dongxiang (Group)'s financial position?
Financial Position Analysis
Short Term Liabilities: 3818's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥721.3M).
Long Term Liabilities: 3818's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥380.6M).
Debt to Equity History and Analysis
Debt Level: 3818's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 3818's debt to equity ratio has reduced from 9.6% to 1.1% over the past 5 years.
Debt Coverage: 3818's debt is well covered by operating cash flow (52.7%).
Interest Coverage: 3818 earns more interest than it pays, so coverage of interest payments is not a concern.
What is China Dongxiang (Group) current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 3818's dividend (15.83%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).
High Dividend: 3818's dividend (15.83%) is in the top 25% of dividend payers in the Hong Kong market (6.77%)
Stability and Growth of Payments
Stable Dividend: 3818's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3818's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (29%), 3818's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3818's dividends in 3 years are not forecast to be well covered by earnings (96.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Zhiyong Zhang (53 yo)
Mr. Zhiyong Zhang has been the Chief Executive Officer and Executive Director at China Dongxiang (Group) Co., Ltd. since October 10, 2017 and also serves as its President. Mr. Zhang is responsible for Chin...
CEO Compensation Analysis
Compensation vs Market: Zhiyong's total compensation ($USD537.85K) is about average for companies of similar size in the Hong Kong market ($USD427.56K).
Compensation vs Earnings: Zhiyong's compensation has been consistent with company performance over the past year.
Experienced Management: 3818's management team is considered experienced (3.9 years average tenure).
Experienced Board: 3818's board of directors are considered experienced (4.6 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.
China Dongxiang (Group) Co., Ltd.'s employee growth, exchange listings and data sources
- Name: China Dongxiang (Group) Co., Ltd.
- Ticker: 3818
- Exchange: SEHK
- Founded: 2002
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: HK$4.809b
- Shares outstanding: 5.86b
- Website: https://www.dxsport.com
Number of Employees
- China Dongxiang (Group) Co., Ltd.
- Building 21
- No. 2 Jingyuanbei Street
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/24 15:38|
|End of Day Share Price||2021/09/24 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.