Li Ning Co Ltd banner

Li Ning Co Ltd
HKEX:2331

Watchlist Manager
Li Ning Co Ltd Logo
Li Ning Co Ltd
HKEX:2331
Watchlist
Price: 20.22 HKD -1.08% Market Closed
Market Cap: HK$52.3B

P/E

15.5
Current
4%
More Expensive
vs 3-y average of 14.9

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.5
=
Market Cap
HK$52.3B
/
Net Income
¥2.9B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
15.5
=
Market Cap
HK$52.3B
/
Net Income
¥2.9B

Valuation Scenarios

Li Ning Co Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (14.9), the stock would be worth HK$19.49 (4% downside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-4%
Maximum Upside
+92%
Average Upside
32%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 15.5 HK$20.22
0%
3-Year Average 14.9 HK$19.49
-4%
5-Year Average 20.3 HK$26.49
+31%
Industry Average 16.8 HK$22.02
+9%
Country Average 29.6 HK$38.73
+92%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
HK$52.3B
/
Jan 2026
¥2.9B
=
15.5
Current
HK$52.3B
/
Dec 2026
¥3.1B
=
16.7
Forward
HK$52.3B
/
Dec 2027
¥3.5B
=
14.7
Forward
HK$52.3B
/
Dec 2028
¥3.9B
=
13.3
Forward
HK$52.3B
/
Dec 2029
¥3.8B
=
13.8
Forward
HK$52.3B
/
Dec 2030
¥4.1B
=
12.7
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Peer Comparison

All Countries
Close

Market Distribution

Lower than 74% of companies in China
Percentile
26th
Based on 5 557 companies
26th percentile
15.5
Low
0 — 17.1
Typical Range
17.1 — 57.7
High
57.7 —
Distribution Statistics
China
Min 0
30th Percentile 17.1
Median 29.6
70th Percentile 57.7
Max 43 569.3

Li Ning Co Ltd
Glance View

Nestled in the heart of China's bustling economy, Li Ning Co Ltd stands as a testament to the power of strategic branding and sports enthusiasm. Founded in 1990 by the Olympic gymnast Li Ning, the company has grown from a fledgling local sportswear producer to a robust player on the global stage. Li Ning's success story is studded with a blend of innovative design, savvy marketing campaigns, and a keen understanding of domestic and international consumer trends. The company's core operations revolve around designing, manufacturing, and retailing a range of sports apparel, footwear, equipment, and accessories, primarily aimed at capturing the spirit of modern athleticism. Its commitment to integrating technical and aesthetic aspects in its products has enabled it to carve a niche among young Chinese consumers who seek quality and style synonymous with global brands. The financial heartbeat of Li Ning Co Ltd pulses through its extensive network of retail stores and its broad push into e-commerce, which it has embraced wholeheartedly to reach digitally savvy consumers. Endorsements from top-tier athletes and collaborations with international designers have bolstered its brand image, aligning it with both sports performance and street fashion. By continuously innovating product lines and leveraging its strategic partnerships, Li Ning has successfully tapped into the dynamic sports culture, making its mark not only in local markets but also on international turf. This agile approach to market demands and consumer preferences underlines the company's robust revenue model and positions it as a formidable competitor in the ever-evolving global sportswear industry.

Intrinsic Value
28.12 HKD
Undervaluation 28%
Intrinsic Value
Price HK$20.22
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett