360 Ludashi Holdings (SEHK:3601) - Share price, News & Analysis

3601 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

3601 Stock Overview

360 Ludashi Holdings Limited, an investment holding company, develops a series of personal computer (PC) and mobile devices utility software in Mainland China and internationally.

Rewards

Trading at 19% below our estimate of its fair value

Risk Analysis

Volatile share price over the past 3 months

Does not have a meaningful market cap (HK$398M)

360 Ludashi Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for 360 Ludashi Holdings
Historical stock prices
Current Share Price	HK$1.48
52 Week High	HK$3.02
52 Week Low	HK$1.19
Beta	-0.47
1 Month Change	-20.43%
3 Month Change	-9.20%
1 Year Change	-45.39%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-82.79%

Recent News & Updates

Mar 15

360 Ludashi Holdings (HKG:3601) Could Be Struggling To Allocate Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Sep 06

Returns On Capital Signal Tricky Times Ahead For 360 Ludashi Holdings (HKG:3601)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Shareholder Returns

	3601	HK Interactive Media and Services	HK Market
7D	-5.1%	1.2%	0.05%
1Y	-45.4%	-45.7%	-25.2%

Return vs Industry: 3601 underperformed the Hong Kong Interactive Media and Services industry which returned -43.6% over the past year.

Return vs Market: 3601 underperformed the Hong Kong Market which returned -24.4% over the past year.

Price Volatility

Is 3601's price volatile compared to industry and market?
3601 volatility
3601 Average Weekly Movement	11.3%
Interactive Media and Services Industry Average Movement	10.6%
Market Average Movement	8.0%
10% most volatile stocks in HK Market	14.9%
10% least volatile stocks in HK Market	3.9%

Stable Share Price: 3601 is more volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: 3601's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of Hong Kong stocks.

About the Company

Founded	Employees	CEO	Website
2014	229	Tian Ye	https://www.ludashi.com

360 Ludashi Holdings Limited, an investment holding company, develops a series of personal computer (PC) and mobile devices utility software in Mainland China and internationally. Its products include Ludashi Software (PC Version), a hardware and system benchmarking and monitoring services to PC users; Ludashi Software (Mobile Devices Version), a hardware and system benchmarking and monitoring services to mobile devices users. The company is also involved in online game, online advertising, homepage directory, and smartphone and computer maintenance businesses; and the sale of certified pre-owned and factory smartphones, smart accessories, and other electronic devices through online and offline channels.

360 Ludashi Holdings Fundamentals Summary

How do 360 Ludashi Holdings's earnings and revenue compare to its market cap?
3601 fundamental statistics
Market Cap	CN¥344.26m
Earnings (TTM)	CN¥55.04m
Revenue (TTM)	CN¥337.93m

6.3x

P/E Ratio

1.0x

P/S Ratio

Is 3601 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
3601 income statement (TTM)
Revenue	CN¥337.93m
Cost of Revenue	CN¥171.26m
Gross Profit	CN¥166.67m
Other Expenses	CN¥111.63m
Earnings	CN¥55.04m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.20
Gross Margin	49.32%
Net Profit Margin	16.29%
Debt/Equity Ratio	0%

How did 3601 perform over the long term?

See historical performance and comparison

Valuation

Is 360 Ludashi Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

19.0%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 3601 (HK$1.48) is trading below our estimate of fair value (HK$1.83)

Significantly Below Fair Value: 3601 is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: 3601 is good value based on its PE Ratio (6.3x) compared to the Hong Kong Interactive Media and Services industry average (9.9x).

PE vs Market: 3601 is good value based on its PE Ratio (6.3x) compared to the Hong Kong market (8.8x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3601's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 3601 is good value based on its PB Ratio (0.6x) compared to the HK Interactive Media and Services industry average (0.8x).

Future Growth

How is 360 Ludashi Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

2.4%

Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 360 Ludashi Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has 360 Ludashi Holdings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

4.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 3601 has high quality earnings.

Growing Profit Margin: 3601's current net profit margins (16.3%) are lower than last year (20.9%).

Past Earnings Growth Analysis

Earnings Trend: 3601's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: 3601's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3601 had negative earnings growth (-24.3%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (30.5%).

Return on Equity

High ROE: 3601's Return on Equity (10.6%) is considered low.

Financial Health

How is 360 Ludashi Holdings's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 3601's short term assets (CN¥561.1M) exceed its short term liabilities (CN¥46.5M).

Long Term Liabilities: 3601's short term assets (CN¥561.1M) exceed its long term liabilities (CN¥1.3M).

Debt to Equity History and Analysis

Debt Level: 3601 is debt free.

Reducing Debt: 3601 has no debt compared to 5 years ago when its debt to equity ratio was 0%.

Debt Coverage: 3601 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 3601 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is 360 Ludashi Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 3601's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 3601's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 3601's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3601's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 3601 is not paying a notable dividend for the Hong Kong market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 3601 has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average board tenure

CEO

Tian Ye (40 yo)

no data

Tenure

Mr. Tian Ye is the founder of 360 Group. Mr. Tian is a Director of 360 Ludashi Holdings Ltd. since 7 February 2018.Mr. Tian is the Chief Executive Officer, General Manager and Chairman of the Board at 360...

Board Members

Experienced Board: 3601's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31