TOPSPORTS INTERNATIONAL HOLDINGS LIMITED Financials Topsports International Holdings Limited
Equities
6110
KYG8924B1041
Apparel & Accessories Retailers
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.31 HKD | -1.67% |
|
+2.71% | -12.66% |
| 2023 | Li Ning Shares Fall on Lower-Than-Expected Retail Sales | DJ |
| 2023 | Jefferies Adjusts Topsports International’s Price Target to HK$9.30 From HK$9.50, Keeps at Buy | MT |
Valuation
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 50,110 | 58,997 | 40,505 | 37,515 | 31,012 | - | - |
| Enterprise Value (EV) 1 | 46,091 | 59,105 | 39,271 | 35,567 | 28,612 | 28,222 | 27,888 |
| P/E ratio | 19.8 x | 21.3 x | 16.6 x | 20.4 x | 13.3 x | 11.5 x | 10.2 x |
| Yield | 2.35% | 2.52% | 3.06% | 2.98% | 6.31% | 7.45% | 8.09% |
| Capitalization / Revenue | 1.49 x | 1.64 x | 1.27 x | 1.39 x | 1.04 x | 0.94 x | 0.86 x |
| EV / Revenue | 1.37 x | 1.64 x | 1.23 x | 1.31 x | 0.96 x | 0.86 x | 0.77 x |
| EV / EBITDA | 7.93 x | 8.93 x | 6.59 x | 7.65 x | 5.73 x | 5.12 x | 4.66 x |
| EV / FCF | 8.04 x | 14.5 x | 7.9 x | 8.91 x | 8.79 x | 10.2 x | 9.2 x |
| FCF Yield | 12.4% | 6.87% | 12.7% | 11.2% | 11.4% | 9.76% | 10.9% |
| Price to Book | 4.32 x | 6.08 x | 3.83 x | 3.81 x | 3.03 x | 2.84 x | 2.65 x |
| Nbr of stocks (in thousands) | 6,201,222 | 6,201,222 | 6,201,222 | 6,201,222 | 6,201,222 | - | - |
| Reference price 2 | 8.081 | 9.514 | 6.532 | 6.050 | 5.001 | 5.001 | 5.001 |
| Announcement Date | 20-05-25 | 21-05-24 | 22-05-30 | 23-05-23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 33,690 | 36,009 | 31,876 | 27,073 | 29,722 | 32,937 | 36,112 |
| EBITDA 1 | 5,812 | 6,621 | 5,958 | 4,647 | 4,997 | 5,514 | 5,980 |
| EBIT 1 | 3,303 | 3,989 | 3,430 | 2,431 | 3,072 | 3,535 | 3,988 |
| Operating Margin | 9.8% | 11.08% | 10.76% | 8.98% | 10.34% | 10.73% | 11.04% |
| Earnings before Tax (EBT) 1 | 3,086 | 3,851 | 3,326 | 2,322 | 3,011 | 3,488 | 3,967 |
| Net income 1 | 2,303 | 2,770 | 2,446 | 1,837 | 2,335 | 2,713 | 3,104 |
| Net margin | 6.84% | 7.69% | 7.67% | 6.78% | 7.86% | 8.24% | 8.59% |
| EPS 2 | 0.4088 | 0.4467 | 0.3945 | 0.2962 | 0.3753 | 0.4334 | 0.4914 |
| Free Cash Flow 1 | 5,736 | 4,062 | 4,973 | 3,994 | 3,256 | 2,756 | 3,032 |
| FCF margin | 17.03% | 11.28% | 15.6% | 14.75% | 10.95% | 8.37% | 8.39% |
| FCF Conversion (EBITDA) | 98.69% | 61.35% | 83.47% | 85.95% | 65.15% | 49.97% | 50.69% |
| FCF Conversion (Net income) | 249.02% | 146.65% | 203.27% | 217.45% | 139.43% | 101.55% | 97.67% |
| Dividend per Share 2 | 0.1900 | 0.2400 | 0.2000 | 0.1800 | 0.3157 | 0.3726 | 0.4046 |
| Announcement Date | 20-05-25 | 21-05-24 | 22-05-30 | 23-05-23 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: February | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 16,958 | 16,733 | 15,770 | 20,240 | 15,573 | 16,303 | 13,218 | 13,855 | 14,176 | 15,001 | 14,893 | 16,011 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | - | - | 2,081 | 2,060 | 1,370 | 1,580 | 850.4 | 1,726 | 1,256 | 1,884 | 1,250 |
| Operating Margin | - | - | - | 10.28% | 13.23% | 8.41% | 11.96% | 6.14% | 12.17% | 8.37% | 12.65% | 7.81% |
| Earnings before Tax (EBT) 1 | - | - | - | 1,997 | - | - | - | - | - | 1,198 | - | - |
| Net income 1 | - | - | 1,309 | 1,461 | 1,431 | - | - | 691.2 | 1,337 | 881.3 | - | - |
| Net margin | - | - | 8.3% | 7.22% | 9.19% | - | - | 4.99% | 9.43% | 5.87% | - | - |
| EPS 2 | - | - | - | 0.2356 | 0.2307 | 0.1638 | 0.1847 | 0.1115 | 0.2156 | 0.1400 | 0.2300 | 0.1500 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | 0.0700 | - | - |
| Announcement Date | 19-11-22 | 20-05-25 | 20-10-27 | 21-05-24 | 21-10-28 | 22-05-30 | 22-10-25 | 23-05-23 | 23-10-18 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: February | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 108 | - | - | - | - | - |
| Net Cash position 1 | 4,019 | - | 1,234 | 1,948 | 2,400 | 2,790 | 3,124 |
| Leverage (Debt/EBITDA) | - | 0.0164 x | - | - | - | - | - |
| Free Cash Flow 1 | 5,736 | 4,062 | 4,973 | 3,994 | 3,256 | 2,756 | 3,032 |
| ROE (net income / shareholders' equity) | 36.9% | 27.4% | 24.1% | 18% | 23% | 25.5% | 27.7% |
| ROA (Net income/ Total Assets) | 12% | 14% | 13.8% | 10.6% | 14% | 15.7% | 17.1% |
| Assets 1 | 19,126 | 19,855 | 17,751 | 17,308 | 16,645 | 17,242 | 18,193 |
| Book Value Per Share 2 | 1.870 | 1.570 | 1.710 | 1.590 | 1.650 | 1.760 | 1.880 |
| Cash Flow per Share 2 | 1.140 | 0.7600 | 0.9200 | 0.7000 | 0.7300 | 0.7500 | 0.8100 |
| Capex 1 | 712 | 643 | 716 | 357 | 544 | 541 | 546 |
| Capex / Sales | 2.11% | 1.79% | 2.25% | 1.32% | 1.83% | 1.64% | 1.51% |
| Announcement Date | 20-05-25 | 21-05-24 | 22-05-30 | 23-05-23 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
5.001
CNY
Average target price
7.029
CNY
Spread / Average Target
+40.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.66% | 4.33B | |
| -31.39% | 7.26B | |
| -12.50% | 4.18B | |
| -3.66% | 1.39B | |
| -0.17% | 647M | |
| -2.13% | 523M | |
| -24.62% | 338M | |
| +7.27% | 81.27M |
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- Financials Topsports International Holdings Limited
