Li Ning Company (LNNGF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Li Ning Company $3.68, price $1.55, upside +137.4%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Li Ning Company
LNNGF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.3238 – $11.89 · fair‑value band $2.76 – $4.60 · the $1.55 price screens below the $3.68 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Company profile
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.
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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.
Stock analysis
Li Ning Company (LNNGF) currently trades at $1.55, while our model-based Fair Value estimate is $3.68, implying the stock looks roughly 57.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $5.49 per share, and 23 of the 26 models we run sit above the $1.55 price.
Bear case: the Asset-Based group reads lowest at $1.08, and 3 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.76 (bear) to $4.60 (bull), the price of $1.55 sits below 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 71/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Li Ning Company reported revenue of 28.8B CNY in FY2025 versus 22.6B CNY in FY2021, a compound +6.3%/yr. Reported net income was 2.9B CNY in FY2025, compounding −8.1%/yr from FY2021.
Key figures
Market cap $5.5B · P/E ratio 9.1 · P/S ratio 0.90 · EPS (TTM) $0.1700 · Dividend yield 3.8% · Net margin 9.9% · Return on equity 10.9% · Return on assets (EBIT) 12.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 39% fair-value upside, at 137%, LNNGF screens cheaper than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 71 · Market factors (momentum, volatility) 17
Revenue & earnings trend
Growth Forecast
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Compare Li Ning Company with another stock
Price, fair value, quality and upside side by side.
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.Leisure · 172 stocks
Valuation Multiplesvs Leisure median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
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.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Pop Mart International Group 9992 | HK$149.20 | HK$206.97 | +39% |
| ANTA Sports Products Limited 2020 | HK$71.20 | HK$166.89 | +134% |
| Amer Sports, Inc AS | $27.77 | $19.30 | −31% |
| Hasbro, Inc HAS | $89.98 | $85.98 | −4% |
| Life Time Group LTH | $39.97 | $15.55 | −61% |
| Ninebot Limited 689009 | ¥37.06 | ¥108.20 | +192% |
| Acushnet Holdings GOLF | $83.02 | $43.08 | −48% |
| Mattel, Inc MAT | $13.29 | $21.66 | +63% |
| Fluidra, S.A FDR | €17.68 | €19.68 | +11% |
| Planet Fitness, Inc PLNT | $42.68 | $65.72 | +54% |
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Key figures of Li Ning Company
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