Ridge Outdoor Intl Ltd (2720) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Ridge Outdoor Intl Ltd HK$10.32, price HK$24.00, upside -57.0%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 27, 2026.
How to read this chart
8‑month range HK$18.82 – HK$38.00 · fair‑value band HK$6.47 – HK$13.52 · the HK$24.00 price screens above the HK$10.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 27, 2026.
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Ridge Outdoor International Limited engages in the design and manufacturing of fishing-related equipment and fishing tackle equipment.
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Ridge Outdoor International Limited engages in the design and manufacturing of fishing-related equipment and fishing tackle equipment. The company's products include chairs, bedchairs and other accessories, such as fishing chairs, fishing bedchairs, rod pods, barrows and seatboxes; shoulder bags, fishing backpacks and rod holdalls; and tents, such as bivvies, social bivvies and shelters, as well as brollies and landing nets. Its products serve a wide range of fishing scenarios such as carp fishing, match fishing, lure fishing, fly fishing and ice fishing. The company provides solutions for rest, camping, storage, shelving and transportation. The company was formerly known as Ridge International Limited and changed its name to Ridge Outdoor International Limited in November 2024. Ridge Outdoor International Limited was founded in 1993 and is headquartered in Hangzhou, China. Ridge Outdoor International Limited operates as a subsidiary of GreatCast International Limited.
Stock analysis
Ridge Outdoor Intl Ltd (2720) currently trades at HK$24.00, while our model-based Fair Value estimate is HK$10.32, 57.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$11.75 per share, and 0 of the 26 models we run sit above the HK$24.00 price.
Bear case: the Earnings-Based group reads lowest at HK$6.50, and 26 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: HK$6.47 (bear) to HK$13.52 (bull), the price of HK$24.00 sits above 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 78/100 (high quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ridge Outdoor Intl Ltd reported revenue of 662M CNY in FY2025 versus 818M CNY in FY2022, a compound −6.8%/yr. Reported net income was 73.9M CNY in FY2025, compounding −11.6%/yr from FY2022.
Key figures
Market cap HK$3.1B (≈ $392M) · P/E ratio 28.4 · P/S ratio 3.16 · Dividend yield 3.5% · Net margin 11.2% · Return on assets (EBIT) 32.1% · Operating margin 15.3% · Revenue (TTM) 662M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
For context, the median of 10 Consumer Cyclical peers we cover trades at 29% fair-value upside, at −57%, 2720 screens richer than that median.
Fair Value models
Bear HK$6.47Fair Value HK$10.32Bull HK$13.52
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+15.5%
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.
−6.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.1%
Dividend (yield on the price)3.5%
Profit margin 2022 to 2025 ⓘ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.18% → 15%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CNY, China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +31.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Furnishings, Fixtures & Appliances · 310 stocks
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Is Ridge Outdoor Intl Ltd (2720) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$10.32 versus a price of HK$24.00, about −57% upside (overvalued).
What is the fair value of 2720?
Our model-based fair value for Ridge Outdoor Intl Ltd is HK$10.32 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$24.00.
What is the quality score of 2720?
Ridge Outdoor Intl Ltd has a Quality Score of 78/100. 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 Ridge Outdoor Intl Ltd (2720)?
Our model-based price target is the fair value of HK$10.32 (as of Sep 27, 2026) from 26 valuation models. Cautious scenario HK$6.47, optimistic scenario HK$13.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Ridge Outdoor Intl Ltd stock forecast for 2026?
Our models put fair value at HK$10.32, about −57% upside versus a price of HK$24.00 (overvalued). Cautious scenario HK$6.47, optimistic scenario HK$13.52. The calculation is refreshed regularly with new filings.
What is the revenue of Ridge Outdoor Intl Ltd (2720)?
Ridge Outdoor Intl Ltd reported trailing-twelve-month revenue of about 662M CNY (latest available figure, as of Sep 27, 2026).
Does Ridge Outdoor Intl Ltd pay a dividend?
Ridge Outdoor Intl Ltd currently shows a dividend yield of about 3.50% relative to its recent price (as of Sep 27, 2026).
What growth is priced into Ridge Outdoor Intl Ltd (2720)?
For today's price to be fair in a discounted-cash-flow model, Ridge Outdoor Intl Ltd would have to grow free cash flow by +33.3 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -6.8 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 2720 use?
Our models discount Ridge Outdoor Intl Ltd at 11.8 %: a base by market capitalisation (small), country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ridge Outdoor Intl Ltd that is +33.3 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Ridge Outdoor Intl Ltd (2720) delivered so far?
Over the past 3 years revenue at Ridge Outdoor Intl Ltd grew -6.8 % a year. The price currently implies +33.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ridge Outdoor Intl Ltd (2720) growing?
The median revenue growth in the sector is +6.6 % a year. That is the yardstick for the growth priced into Ridge Outdoor Intl Ltd (+33.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ridge Outdoor Intl Ltd (2720)?
The free-cash-flow yield on the price is 2.07 %: that much free cash flow Ridge Outdoor Intl Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ridge Outdoor Intl Ltd (2720)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ridge Outdoor Intl Ltd it is HK$10.32 per share (as of Sep 27, 2026), against a price of HK$24.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ridge Outdoor Intl Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 2720 trades above its calculated fair value: price HK$24.00, fair value HK$10.32, a gap of about −57% (overvalued). 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 2720?
No. The price is what the market pays today (HK$24.00); the fair value is what the company's own numbers justify (HK$10.32). For Ridge Outdoor Intl Ltd the two are HK$13.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ridge Outdoor Intl Ltd worth?
The market values Ridge Outdoor Intl Ltd at about HK$3.1B (market capitalisation, as of Sep 27, 2026). Per share that is HK$24.00; our models calculate a fair value of HK$10.32 per share.
What do the bullish and bearish scenarios say about 2720?
Our models span a range for Ridge Outdoor Intl Ltd: cautious scenario HK$6.47, base HK$10.32, optimistic HK$13.52 per share (as of Sep 27, 2026, price HK$24.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2720?
Ridge Outdoor Intl Ltd trades at a price-to-earnings ratio of 28.4 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$10.32 is built from several models across several years. Other multiples: P/S 4.0, EV/EBITDA 24.4.
Which stocks are comparable to Ridge Outdoor Intl Ltd?
From the same area (Consumer Cyclical) we also value Midea Group, King Slide Works Co, Gree Electric Appliances, Inc, Haier Smart Home 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 Ridge Outdoor Intl Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$24.00, calculated fair value HK$10.32 (−57%), Quality Score 78/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 2720 calculated?
We run Ridge Outdoor Intl Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$10.32, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Ridge Outdoor Intl Ltd itself currently trades above fair value. 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 Ridge Outdoor Intl Ltd (2720)?
The closing price on Sep 30, 2026 was HK$24.00. Our model-based fair value is HK$10.32, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ridge Outdoor Intl Ltd right now?
A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (HK$13.52). The favourable scenario is already priced in. A fairly wide model range (HK$6.47 to HK$13.52) leaves room in how you read the outcome.
Key figures of Ridge Outdoor Intl Ltd
How large is the market capitalisation of Ridge Outdoor Intl Ltd (2720)?
The market capitalisation of Ridge Outdoor Intl Ltd is HK$3.1B (≈ $392M). 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 Ridge Outdoor Intl Ltd (2720)?
The price-to-sales ratio of Ridge Outdoor Intl Ltd is 3.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Ridge Outdoor Intl Ltd (2720)?
The dividend yield of Ridge Outdoor Intl Ltd is 3.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ridge Outdoor Intl Ltd (2720)?
The net margin of Ridge Outdoor Intl Ltd is 11.2% (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 EBIT return on assets of Ridge Outdoor Intl Ltd (2720)?
On an EBIT basis the return on assets of Ridge Outdoor Intl Ltd is 32.1% (avg 4y). 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 Ridge Outdoor Intl Ltd (2720)?
The operating margin of Ridge Outdoor Intl Ltd is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net debt does Ridge Outdoor Intl Ltd (2720) carry?
The net debt of Ridge Outdoor Intl Ltd is 144M CNY (fiscal year 2025, ≈ 2.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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