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China Outfitters Holdings Ltd (1146) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of China Outfitters Holdings Ltd stock HK$0.05, price HK$0.04, upside +13.7%, quality 38 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Consumer Cyclical HK · Based in China · ISIN KYG2115H1039

CO China Outfitters Holdings Ltd logo Thin data Nov 10, 2026

China Outfitters Holdings Ltd

1146 · HK

Rising price, but the stock is already about fairly priced and weak company: meets 1 of 3 rules.

Get notified free when this changes
Rising price (uptrend) 
Low debt 
Fair value HK$0.0489 · Fairly valued 
Mixed vs. peers (5/11) 
Profit last quarter 46% below a year ago. 
Quality 38/100 
Weak Growth (revenue 5y −28.1 %/yr in CNY) 
Loss-making · -41.2% net margin (TTM) 
Negative free cash flow 
Narrow moat 9/100
Thin data 
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

HK$0.1764 HK$0.0160 Fair Value HK$0.0489 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range HK$0.0160 – HK$0.1764 · fair‑value band HK$0.0429 – HK$0.0549 · the HK$0.0430 price screens below the HK$0.0489 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Huicheng International Holdings Limited, an investment holding company, designs, manufactures, markets, and sells apparels and accessories in Mainland China and Taiwan. It operates through Apparel Products and Accessories; and Property Development segments.

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The company offers men's casual wear, including smart casual wear, outdoor casual wear, leisure wear, and accessories under licensed and self-owned brands targeting consumers in the mid-to-high income bracket.

It also provides womenswear and accessories, and daily necessities; and manages and operates children's clothing brands, as well as provides technical services. In addition, the company develops, operates, and manages properties.

It sells its products through self-operated retail points in department stores and shopping malls; and retail points operated by third-party retailers.

Its licensed brands include Santa Barbara Polo & Racquet Club; and self-owned brands comprise London Fog, Zoo York, MCS, Henry Cotton's, and Marina Yachting.

The company was formerly known as China Outfitters Holdings Limited and changed its name to Huicheng International Holdings Limited in June 2024. Huicheng International Holdings Limited was incorporated in 2011 and is headquartered in Shanghai, the People's Republic of China.

Stock analysis

China Outfitters Holdings Ltd (1146) currently trades at HK$0.0430, while our estimate is HK$0.0489, so the stock looks roughly fairly valued today (gap 12.0%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: HK$0.0429 (bear) to HK$0.0549 (bull), the price of HK$0.0430 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 38/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

China Outfitters Holdings Ltd reported revenue of 139M CNY in FY2025 versus 324M CNY in FY2021, a compound −19.0%/yr. Reported net income was −93.4M CNY in FY2025.

Key figures

Market cap HK$148M (≈ $18.9M) Micro · P/S ratio 1.11 · Net margin −67.0% · Return on equity −7.0% · Return on assets (EBIT) −10.2% (5-year average) · Operating margin −47.7% · Revenue (TTM) 144M CNY · Revenue growth (YoY) +7.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 33% below its 52-week high and 71% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at 14%, 1146 screens cheaper than that median.

Fair Value

Bear HK$0.0429 Fair Value HK$0.0489 Bull HK$0.0549
Price HK$0.0430 · Upside +13.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 38/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 25
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 29
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 36
Distance to the 52-week high, does not count
New shares 73
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−10.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−12.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−28.1%
Start year 2020 (pandemic). Over 10 years: −18.0% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.3%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−10.5% (2020) → −75.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Manufacturing · 219 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 38 · Bottom 25%
Fair Value upside +13.7% · Above median
Profitability
Return on assets −8.5% · Bottom 25%
Net margin (12 months) −41.2% · Bottom 25%
Operating margin (12 months) −47.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 7.0% · Above median
Dividend yield (12 months) 23.3% · Top 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper

P/B 0.14× · Cheapest 25%
P/S (12 months) 0.87× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)52 · sector 36
FUTURE (revenue growth)35 · sector 14
PAST (return on equity)0 · sector 20
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)100 · sector 60

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Hla Group 600398 ¥6.17 ¥11.97 +94% vs 1146
Bosideng International Holdings 3998 HK$4.57 HK$7.50 +64% vs 1146
Moncler S.p.A MONC €44.36 €50.69 +14% vs 1146
Kontoor Brands, Inc KTB $81.56 $86.80 +6% vs 1146
Gildan Activewear Inc GIL $34.66 $32.41 −7% vs 1146
LPP SA LPP 28,700 PLN 20,032 PLN −30% vs 1146
Levi Strauss & Co LEVI $24.29 $16.24 −33% vs 1146
Youngor Fashion Co 600177 ¥8.40 ¥5.59 −33% vs 1146
Ralph Lauren Corporation RL $386.30 $226.91 −41% vs 1146
V.F. Corporation VFC $20.68 $11.04 −47% vs 1146

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China Outfitters Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "China Outfitters Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1146

Frequently asked questions

Is China Outfitters Holdings Ltd (1146) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is HK$0.0489 versus a price of HK$0.0430, about +14% upside (fairly valued).
What is the fair value of 1146?
Our estimate for China Outfitters Holdings Ltd is HK$0.0489 (as of Nov 10, 2026), built from audited fundamentals. The current price: HK$0.0430.
What is the quality score of 1146?
China Outfitters Holdings Ltd has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for China Outfitters Holdings Ltd (1146)?
Our calculated price target is the estimate of HK$0.0489 (as of Nov 10, 2026). Cautious scenario HK$0.0429, optimistic scenario HK$0.0549. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the China Outfitters Holdings Ltd stock forecast for 2026?
Our estimate puts fair value at HK$0.0489, about +14% upside versus a price of HK$0.0430 (fairly valued). Cautious scenario HK$0.0429, optimistic scenario HK$0.0549. The calculation is refreshed regularly with new filings.
What is the revenue of China Outfitters Holdings Ltd (1146)?
China Outfitters Holdings Ltd reported trailing-twelve-month revenue of about 144M CNY (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of China Outfitters Holdings Ltd (1146)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Outfitters Holdings Ltd it is HK$0.0489 per share (as of Nov 10, 2026), against a price of HK$0.0430.
Is China Outfitters Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 1146 trades below its calculated fair value: price HK$0.0430, fair value HK$0.0489, a gap of about +14% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1146?
No. The price is what the market pays today (HK$0.0430); the fair value is what the company's own numbers justify (HK$0.0489). For China Outfitters Holdings Ltd the two are HK$0.0059 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Outfitters Holdings Ltd worth?
The market values China Outfitters Holdings Ltd at about HK$148M (market capitalisation, as of Nov 10, 2026). Per share that is HK$0.0430; our models calculate a fair value of HK$0.0489 per share.
What do the bullish and bearish scenarios say about 1146?
Our models span a range for China Outfitters Holdings Ltd: cautious scenario HK$0.0429, base HK$0.0489, optimistic HK$0.0549 per share (as of Nov 10, 2026, price HK$0.0430). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of China Outfitters Holdings Ltd (1146)?
Balance-sheet figures for China Outfitters Holdings Ltd (as of Nov 10, 2026): return on equity −7.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is 1146 from its 52-week high?
China Outfitters Holdings Ltd trades at HK$0.0430, about 33% below its 52-week high of HK$0.0640 and 71% above the low of HK$0.0252 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0489 is for.
Which stocks are comparable to China Outfitters Holdings Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is China Outfitters Holdings Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price HK$0.0430, calculated fair value HK$0.0489 (+14%), Quality Score 38/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1% above its aggregate fair value. China Outfitters Holdings Ltd currently trades 12% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of China Outfitters Holdings Ltd (1146)?
The closing price on Nov 13, 2026 was HK$0.0430. Our estimate is HK$0.0489, about +14% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Outfitters Holdings Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Key figures of China Outfitters Holdings Ltd

How large is the market capitalisation of China Outfitters Holdings Ltd (1146)?
The market capitalisation of China Outfitters Holdings Ltd is HK$148M (≈ $18.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of China Outfitters Holdings Ltd (1146)?
The price-to-sales ratio of China Outfitters Holdings Ltd is 1.11 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of China Outfitters Holdings Ltd (1146)?
The net margin of China Outfitters Holdings Ltd is −67.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of China Outfitters Holdings Ltd (1146)?
The return on equity (ROE) of China Outfitters Holdings Ltd is −7.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of China Outfitters Holdings Ltd (1146)?
On an EBIT basis the return on assets of China Outfitters Holdings Ltd is −10.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of China Outfitters Holdings Ltd (1146)?
The operating margin of China Outfitters Holdings Ltd is −47.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Outfitters Holdings Ltd (1146)?
Revenue at China Outfitters Holdings Ltd is growing 7.0% versus a year earlier (3y avg −12.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at China Outfitters Holdings Ltd (1146)?
Earnings per share at China Outfitters Holdings Ltd are down 46.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does China Outfitters Holdings Ltd (1146) generate?
The free cash flow of China Outfitters Holdings Ltd is −17.7M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does China Outfitters Holdings Ltd (1146) hold?
China Outfitters Holdings Ltd holds more cash than debt, 60.6M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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