Li Ning Company (82331) Fair Value & Analysis
Consumer Cyclical · HK · Market cap HK$59.5B (≈ $7.6B) · ISIN KYG5496K1242
Strengths
Risks
Fair value as of: Aug 27, 2026
From 26 valuation models · updated 4 days ago
Fair value updated Aug 27, 2026, revised from HK$12.39 to HK$11.48 (−7.3%) since Aug 13, 2026. Share price −10.8% over the past month.
A solid business, currently priced close to our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Our model range runs from HK$8.61 (bear) to HK$14.35 (bull), base HK$11.48. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (3 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
38‑month range HK$9.09 – HK$27.77 · fair‑value band HK$8.61 – HK$14.35 · the HK$11.72 price screens above the HK$11.48 fair value. Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Li Ning Company (82331) currently trades at HK$11.72, while our model-based Fair Value estimate is HK$11.48, implying the stock looks roughly 2.1% fairly valued today. The Quality Score stands at 71/100 (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, Li Ning Company generated revenue of HK$29.6B at a net margin of 9.9%. Revenue grew 3.1% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of HK$14.6B. Fundamentals as of Aug 27, 2026
Our scenario range runs from HK$8.61 (bear case) to HK$14.35 (bull case); at HK$11.72, 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 42% 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 -2%, 82331 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.07 HKD per share, which is 0.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
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 26 models by family
Widest divergence: DCF Models (HK$19.50) versus Asset-Based (HK$3.65). Highest evidence: FCF DCF (76).
Notify me when 82331 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 Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 24
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China and internationally. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand.
Full company description
Li Ning Company Limited, a sports brand company, engages in the research and development, design, manufacture, marketing, distribution, and retail of sporting goods in the People's Republic of China and internationally. The company offers sporting goods, including professional and leisure footwear, apparel, equipment, and accessories under the LI-NING brand. It also develops, manufactures, markets, distributes, and sells outdoor sports products under the AIGLE brand; table tennis products under the Double Happiness brand name; and badminton products under the Kason brand name. In addition, the company provides brand licensing, administrative, research and development, and property management services. Further, it operates conventional stores, flagship stores, China LI-NING stores, factory outlets, and multi-brand stores under the LI-NING brand. Li Ning Company Limited was founded in 1990 and is headquartered in Beijing, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Li Ning Company reported revenue of HK$29.6B in FY2025 versus HK$22.6B in FY2021, a compound +7.0%/yr. Reported net income was HK$2.9B in FY2025, compounding −7.5%/yr from FY2021.
of which total revenue +17.0 % · buybacks/dilution −2.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch 82331: get an alert when its fair value changes →
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Leisure stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ANTA Sports Products Limited 82020 | HK$62.50 | HK$73.57 | +18% |
| Pop Mart International Group 9992 | HK$158.70 | HK$227.30 | +43% |
| Amer Sports, Inc AS | $33.03 | $16.16 | -51% |
| Hasbro, Inc HAS | $96.29 | $81.97 | -15% |
| Life Time Group LTH | $45.40 | $15.61 | -66% |
| Acushnet Holdings GOLF | $89.10 | $36.89 | -59% |
| Ninebot Limited 689009 | ¥44.94 | ¥39.73 | -12% |
| Mattel, Inc MAT | $15.26 | $18.93 | +24% |
| Planet Fitness, Inc PLNT | $53.33 | $52.62 | -1% |
| Fluidra, S.A FDR | €19.31 | €19.47 | +1% |
Compare Li Ning Company with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Cyclical stocks →
Discover undervalued stocks
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Li Ning Company (82331) overvalued or undervalued?
What is the fair value of 82331?
What is the quality score of 82331?
What is the revenue of Li Ning Company (82331)?
What is the net profit margin of 82331?
Does Li Ning Company pay a dividend?
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.
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
Open the live analysis →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.