Comefly Outdoor Co (603908) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 1.8B CNY
Fair value as of: Jul 11, 2026
From 15 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥8.43 to ¥7.12 (−15.5%) since Jun 24, 2026. Share price +7.9% over the past month.
A solid business, but screening 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥8.95). The favourable scenario is already priced in.
- Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range ¥15.87 – ¥107.52 · fair‑value band ¥5.29 – ¥8.95 · the ¥18.91 price screens above the ¥7.12 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Comefly Outdoor Co (603908) currently trades at ¥18.91, while our model-based Fair Value estimate is ¥7.12, implying the stock looks roughly 62.4% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Comefly Outdoor Co generated revenue of 1.0B CNY at a net margin of -3.4%. Revenue declined 19.8% year over year. It earns a return on equity of -6.6%. Net debt stands at 19.3M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥5.29 (bear case) to ¥8.95 (bull case); at ¥18.91, the current price sits above 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 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -62%, 603908 screens richer 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 15 models by family
Widest divergence: DCF Models (¥12.38) versus Asset-Based (¥3.36). Highest evidence: Growth DCF (72).
Notify me when 603908 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 31
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
Comefly Outdoor Co., Ltd., designs, develops, manufactures and sells camping tents, outdoor clothing, and other outdoor products under the MOBIGARDEN and MOBIGARDENURBAN brands in China. It exports its products to Europe, Australia, New Zealand, Asia, and the United States. Comefly Outdoor Co., Ltd.
Full company description
Comefly Outdoor Co., Ltd., designs, develops, manufactures and sells camping tents, outdoor clothing, and other outdoor products under the MOBIGARDEN and MOBIGARDENURBAN brands in China. It exports its products to Europe, Australia, New Zealand, Asia, and the United States. Comefly Outdoor Co., Ltd. was incorporated in 2006 and is headquartered in Quzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Comefly Outdoor Co reported revenue of ¥1.0B in FY2025 versus ¥923M in FY2021, a compound +2.3%/yr. Reported net income was −¥34.2M in FY2025.
of which total revenue +14.1 pp · buybacks/dilution −3.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
603908 screens 62% overvalued. Compare with H & M Hennes & Mauritz AB →
Peer Group
Apparel Manufacturing · 212 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 Apparel Manufacturing median · lower = cheaper
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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| H & M Hennes & Mauritz AB HMB | kr 163.45 | kr 165.47 | +1% |
| Ralph Lauren Corporation RL | $374.08 | $224.21 | -40% |
| Moncler S.p.A MONC | €52.08 | €50.69 | -3% |
| LPP SA LPP | 19,380 PLN | 17,754 PLN | -8% |
| Bosideng International Holdings 3998 | HK$4.88 | HK$5.92 | +21% |
| Youngor Fashion Co 600177 | ¥7.57 | ¥5.59 | -26% |
| Page Industries Limited PAGEIND | ₹39,900 | ₹12,395 | -69% |
| Hla Group 600398 | ¥6.05 | ¥9.92 | +64% |
| Eclat Textile Co 1476 | 333.50 TWD | 357.81 TWD | +7% |
| Youngone Corporation 111770 | 87,600 KRW | 196,629 KRW | +124% |
Compare Comefly Outdoor Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Frequently asked questions
Is Comefly Outdoor Co (603908) overvalued or undervalued?
What is the fair value of 603908?
What is the quality score of 603908?
What is the revenue of Comefly Outdoor Co (603908)?
What is the net profit margin of 603908?
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.
Track Comefly Outdoor Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.