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Zhejiang Aokang Shoes Co Ltd
SSE:603001

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Zhejiang Aokang Shoes Co Ltd
SSE:603001
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Price: 8.23 CNY -2.95% Market Closed
Market Cap: ¥3.3B

EV/IC

1.3
Current
90%
More Expensive
vs 3-y average of 0.7

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
¥3.3B
/
Invested Capital
¥2.3B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.3
=
Enterprise Value
¥3.3B
/
Invested Capital
¥2.3B

Valuation Scenarios

Zhejiang Aokang Shoes Co Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (0.7), the stock would be worth ¥4.33 (47% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-47%
Maximum Upside
+48%
Average Downside
6%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.3 ¥8.23
0%
3-Year Average 0.7 ¥4.33
-47%
5-Year Average 0.7 ¥4.49
-45%
Industry Average 1.6 ¥9.93
+21%
Country Average 1.9 ¥12.21
+48%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
CN
Zhejiang Aokang Shoes Co Ltd
SSE:603001
3.3B CNY 1.3 -11.4
US
Nike Inc
NYSE:NKE
65.7B USD 2.5 29.2
JP
Asics Corp
TSE:7936
3.1T JPY 7.5 31.2
US
Deckers Outdoor Corp
NYSE:DECK
14.4B USD 8.7 13.8
CH
On Holding AG
NYSE:ONON
11.4B USD 5.2 44
US
Skechers USA Inc
NYSE:SKX
9.5B USD 1.2 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.1B USD 1.5 16
CN
Huali Industrial Group Co Ltd
SZSE:300979
44.5B CNY 2.9 15.7
US
Crocs Inc
NASDAQ:CROX
5.2B USD 1.6 -64.3
DE
Puma SE
XETRA:PUM
3.8B EUR 1 -5.9
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.3B HKD 0.5 7.8
P/E Multiple
Earnings Growth PEG
CN
Z
Zhejiang Aokang Shoes Co Ltd
SSE:603001
Average P/E: 21.5
Negative Multiple: -11.4
N/A N/A
US
Nike Inc
NYSE:NKE
29.2
3%
9.7
JP
Asics Corp
TSE:7936
31.2
17%
1.8
US
Deckers Outdoor Corp
NYSE:DECK
13.8
7%
2
CH
On Holding AG
NYSE:ONON
44
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
15.7
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -64.3 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5.9 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.8
3%
2.6

Market Distribution

In line with most companies in China
Percentile
36th
Based on 7 566 companies
36th percentile
1.3
Low
0 — 1.1
Typical Range
1.1 — 3.4
High
3.4 —
Distribution Statistics
China
Min 0
30th Percentile 1.1
Median 1.9
70th Percentile 3.4
Max 1 129 391.6

Zhejiang Aokang Shoes Co Ltd
Glance View

ZheJiang AoKang Shoes Co., Ltd. engages in the design, manufacture, and sale of shoes and leather products. The company is headquartered in Wenzhou, Zhejiang and currently employs 5,274 full-time employees. The company went IPO on 2012-04-26. The firm primarily provides business formal wear shoes, leisure shoes, leather suitcases and wallets, among others. The firm mainly distributes its products under the brand names, including AoKang, KANGLONG, and SKECHERS, among others. The firm distributes its products mainly within domestic markets and to overseas markets.

Intrinsic Value
9.88 CNY
Undervaluation 17%
Intrinsic Value
Price ¥8.23
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