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Li Ning Company Limited (82331.HK)

CNY13.08 +0.25 (+1.95%)
CN HKSE Consumer Cyclical Leisure
Address Beijing Eco-Tech Dev Area 101111
Beijing, CN
CEO Ning Li
Website lining.com
IPO 2023-06-19
ISIN KYG5496K1242

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Also trades on Hong Kong Stock Exchange · 2331.HK (HKD) Hong Kong Stock Exchange · 82331.HK (CNY) Other OTC · LNNGF (USD) Other OTC · LNNGY (USD)
Description

Li Ning Company Limited functions as a leading sports apparel and equipment enterprise in the People's Republic of China, overseeing everything from innovation and product creation to manufacturing, promotion, distribution, and sales of sporting goods. Its primary brand, LI-NING, offers a comprehensive selection of performance and casual footwear, clothing, gear, and various accessories. Additionally, the company develops, produces, markets, and sells outdoor sports products under the AIGLE brand, table tennis items through the Double Happiness label, and badminton equipment via the Kason brand. Beyond its product offerings, Li Ning provides brand licensing, administrative support, research and development services, and property management. The LI-NING brand is retailed across multiple formats, including traditional stores, prominent flagship locations, dedicated China LI-NING stores, factory outlets, and multi-brand retail spaces. The company, established in 1990, is headquartered in Beijing, China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CNY13.08 +0.25 (+1.95%)
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Volume Profile
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Liquidity & share structure
Average Volume
5.7K
Beta
0.90
Float Shares
2.21B
Free Float %
85.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.55% +0.19% -10.89% -20.05% -0.32% -6.26% +14.17% -63.68% -63.68% -63.68% -63.68%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
13.08
DCF (Unlevered) 39.30 +200.5%
DCF (Levered) 44.54 +240.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 +1
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.35
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Leisure: +7.6%
    +3.2% Q4'25: +8.9% (vs Q4'23)
  • EPS growth Leisure: +13.2%
    -2.6% Q4'25: +9.5% (vs Q4'23)
  • FCF margin FCF growth · Leisure: +30.4%
    +9.7% Q4'25: +16.3% (vs Q4'23)
  • EBIT margin Leisure: +11.0%
    +13.9% Q4'25: +10.3% (vs Q4'23)
  • ROIC Leisure: +6.9%
    +24.2% Q4'25: +38.6% (vs Q4'23)
  • Share dilution Leisure: +0.0%
    +0.0% Q4'25: +1.2% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Leisure: -0.39×
    0.42× Q4'25: 0.27× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.94) × ERP
WACC = 95% × Ke + 5% × Kd (6.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 39.30 Current price: 13.08
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
30 Rev. Ana.
1 EPS Ana.
Dec 2027
31 Rev. Ana.
1 EPS Ana.
Dec 2028
14 Rev. Ana.
1 EPS Ana.
Dec 2029
26 Rev. Ana.
1 EPS Ana.
Dec 2030
15 Rev. Ana.
1 EPS Ana.
Revenue
27.60B
est: 27.46B (+0.5%)
28.68B
est: 28.13B (+1.9%)
29.60B
est: 29.03B (+2.0%)
31.82B
31.25B – 32.64B
+9.6% YoY
34.03B
32.46B – 36.34B
+7.0% YoY
36.37B
35.18B – 38.10B
+6.9% YoY
38.76B
37.49B – 40.60B
+6.6% YoY
41.46B
40.11B – 43.43B
+7.0% YoY
EBITDA
6.31B
est: 6.76B (-6.6%)
6.12B
est: 6.58B (-6.9%)
4.95B
est: 6.79B (-27.1%)
7.44B
7.31B – 7.63B
+9.6% YoY
7.96B
7.59B – 8.50B
+7.0% YoY
8.50B
8.23B – 8.91B
+6.9% YoY
9.06B
8.77B – 9.49B
+6.6% YoY
9.69B
9.38B – 10.16B
+7.0% YoY
EBIT
4.42B
est: 5.06B (-12.6%)
4.26B
est: 5.07B (-15.8%)
4.12B
est: 5.23B (-21.3%)
5.73B
5.63B – 5.88B
+9.6% YoY
6.13B
5.85B – 6.55B
+7.0% YoY
6.55B
6.34B – 6.86B
+6.9% YoY
6.98B
6.75B – 7.31B
+6.6% YoY
7.47B
7.22B – 7.82B
+7.0% YoY
Net Income
3.19B
est: 3.15B (+1.3%)
3.01B
est: 3.06B (-1.4%)
2.94B
est: 2.67B (+10.0%)
3.06B
2.93B – 3.25B
+14.8% YoY
3.49B
3.34B – 3.70B
+13.8% YoY
3.88B
3.71B – 4.12B
+11.2% YoY
4.41B
4.22B – 4.68B
+13.7% YoY
4.37B
4.19B – 4.64B
-0.9% YoY
SGA
10.34B
est: 9.63B (+7.3%)
10.63B
est: 9.89B (+7.4%)
10.82B
est: 10.21B (+6.0%)
11.19B
10.99B – 11.48B
+9.6% YoY
11.97B
11.41B – 12.78B
+7.0% YoY
12.79B
12.37B – 13.40B
+6.9% YoY
13.63B
13.19B – 14.28B
+6.6% YoY
14.58B
14.10B – 15.27B
+7.0% YoY
EPS
1.23
est: 1.22 (+1.1%)
1.17
est: 1.18 (-1.0%)
1.14
est: 1.03 (+10.5%)
1.18
1.13 – 1.26
+14.8% YoY
1.35
1.29 – 1.43
+13.8% YoY
1.50
1.44 – 1.59
+11.2% YoY
1.70
1.63 – 1.81
+13.7% YoY
1.69
1.62 – 1.79
-0.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-27 A+ 4/5 5/5 4/5 5/5 4/5 3/5 3/5
2026-05-22 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-20 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-18 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-15 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-14 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-13 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-12 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-11 A 4/5 5/5 4/5 5/5 3/5 3/5 3/5
2026-05-08 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-05-07 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-05-06 A+ 4/5 5/5 4/5 5/5 3/5 3/5 4/5
2026-05-05 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-05-04 A+ 5/5 5/5 4/5 5/5 3/5 4/5 4/5
2026-04-29 A 4/5 5/5 4/5 5/5 2/5 4/5 3/5
2026-04-24 A 4/5 4/5 4/5 5/5 2/5 4/5 3/5
2026-04-23 A 4/5 4/5 4/5 5/5 2/5 4/5 3/5
2026-04-22 A 4/5 4/5 4/5 5/5 2/5 4/5 3/5
2026-04-20 A 4/5 4/5 4/5 5/5 2/5 4/5 3/5
2026-04-17 A 4/5 4/5 4/5 5/5 2/5 4/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
7.96B
OE per share TTM
3.09
Owner's Yield
16.92%
Maintenance CapEx ratio
21.81%
Maint CapEx / Avg PPE
19.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
819.6K
Shares Outstanding
2.58B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Takeshi Kosaka Joint Chief Executive Officer & Executive Director 62M male
Ning Li Founder, Executive Chairman, Joint Chief Executive Officer and Head of Business Devp. Corporate Strategies & Planning 59M male
Qilin Li Executive Director 15M male
Yi Wang Vice President & Chief Marketing Officer male
Yu Ru Hong VP & Chief Sports Officer male
Chun Tao Song Vice President & Chief Human Resources Officer male
Zhai Xuan Jin Vice President & Chief Operating Officer male
Dong Sheng Zhao Vice President & Chief Financial Officer male
Kar Lei Tai Company Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits