Toread Holdings (300005) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 15.6B CNY
Fair value as of: Jul 7, 2026
From 25 valuation models · updated 34 days ago
Fair value updated Jul 7, 2026, revised from ¥1.83 to ¥12.40 (+577.6%) since Jun 24, 2026. Share price −49.5% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- A fairly wide model range (¥8.27 to ¥16.67) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.
How to read this chart
60‑month range ¥3.79 – ¥23.65 · fair‑value band ¥8.27 – ¥16.67 · the ¥11.30 price screens below the ¥12.40 fair value. Dashed = 300-day average. As of Jul 7, 2026.
Analysis
Toread Holdings (300005) currently trades at ¥11.30, while our model-based Fair Value estimate is ¥12.40, implying the stock looks roughly 9.7% fairly valued today. The Quality Score stands at 55/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Toread Holdings generated revenue of 1.5B CNY at a net margin of 5.7%. Revenue grew 39.4% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of 631M CNY. Fundamentals as of Jul 7, 2026
Our scenario range runs from ¥8.27 (bear case) to ¥16.67 (bull case); at ¥11.30, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 40% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 10%, 300005 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 25 models by family
Widest divergence: Multiples (¥1.80) versus Dividend Discount (¥0.2600). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Toread Holdings Group Co., Ltd. engages in the research, development, operation, and sales of outdoor products in China and internationally. The company operates through two segments, Outdoor Products Business and Chip Business.
Full company description
Toread Holdings Group Co., Ltd. engages in the research, development, operation, and sales of outdoor products in China and internationally. The company operates through two segments, Outdoor Products Business and Chip Business. It offers outdoor products, including jackets, skin clothing, down jackets, t-shirts, trousers, shoes, backpacks, tents, sleeping bags, and mountaineering equipment; and children's outdoor products and accessories. The company also provides chips, such as miniLED backlight driver chips, mini LED direct display driver chips, microLED backplane chips, and pressure touch chips. In addition, it is involved in merchandising business, investment management, business management consulting, semiconductor design development, and software development. The company offers its outdoor products under the TOREAD, TOREADKIDS, and TOREAD.X brand names. The company was formerly known as Beijing Toread Outdoor Products Co., Ltd. and changed its name to Toread Holdings Group Co., Ltd. in July 2015. Toread Holdings Group Co., Ltd. was founded in 1999 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Toread Holdings reported revenue of ¥1.4B in FY2025 versus ¥1.2B in FY2021, a compound +2.7%/yr. Reported net income was ¥79.0M in FY2025, compounding +9.7%/yr from FY2021.
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Peer Group
Leisure · 192 stocks
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.
Valuation Multiples vs Leisure median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ANTA Sports Products Limited 2020 | HK$74.15 | HK$119.29 | +61% |
| Pop Mart International Group 9992 | HK$160.20 | HK$227.30 | +42% |
| Amer Sports, Inc AS | $36.44 | $16.16 | -56% |
| Hasbro, Inc HAS | $81.55 | $83.38 | +2% |
| Life Time Group LTH | $42.15 | $16.15 | -62% |
| Acushnet Holdings GOLF | $114.78 | $37.79 | -67% |
| Li Ning Company 2331 | HK$14.80 | HK$29.26 | +98% |
| Benefit Systems S.A BFT | 5,255 PLN | 3,714 PLN | -29% |
| Ninebot Limited 689009 | ¥37.82 | ¥39.17 | +4% |
| Asmodee Group ASMDEEB | kr 145.70 | kr 41.90 | -71% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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