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Stella International Holdings Ltd
HKEX:1836

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Stella International Holdings Ltd
HKEX:1836
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Price: 14.86 HKD -1.46% Market Closed
Market Cap: HK$12.5B

P/FCFE

16
Current
119%
More Expensive
vs 3-y average of 7.3

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
16
=
Market Cap
HK$11.8B
/
Free Cash Flow to Equity
$99.5m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
16
=
Market Cap
HK$11.8B
/
Free Cash Flow to Equity
$99.5m

Valuation Scenarios

Stella International Holdings Ltd is trading above its 3-year average

If P/FCFE returns to its 3-Year Average (7.3), the stock would be worth HK$6.78 (54% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-54%
Maximum Upside
+34%
Average Downside
21%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 16 HK$14.86
0%
3-Year Average 7.3 HK$6.78
-54%
5-Year Average 8.1 HK$7.5
-50%
Industry Average 21.4 HK$19.86
+34%
Country Average 13.9 HK$12.86
-13%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
HK
Stella International Holdings Ltd
HKEX:1836
12.5B HKD 16 11.5
US
Nike Inc
NYSE:NKE
65.7B USD 1 460.3 29.2
JP
Asics Corp
TSE:7936
3.1T JPY 85.5 31.2
US
Deckers Outdoor Corp
NYSE:DECK
14.4B USD 15.5 13.8
CH
On Holding AG
NYSE:ONON
11.4B USD 47.3 44
US
Skechers USA Inc
NYSE:SKX
9.5B USD 33.5 14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
7.1B USD 48.7 16
CN
Huali Industrial Group Co Ltd
SZSE:300979
44.5B CNY 15.7 13.9
US
Crocs Inc
NASDAQ:CROX
5.2B USD 8.4 -64.3
DE
Puma SE
XETRA:PUM
3.8B EUR 431 -5.9
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
23.3B HKD 18.6 7.8
P/E Multiple
Earnings Growth PEG
HK
S
Stella International Holdings Ltd
HKEX:1836
Average P/E: 20.2
11.5
8%
1.4
US
Nike Inc
NYSE:NKE
29.2
3%
9.7
JP
Asics Corp
TSE:7936
31.2
17%
1.8
US
Deckers Outdoor Corp
NYSE:DECK
13.8
7%
2
CH
On Holding AG
NYSE:ONON
44
49%
0.9
US
Skechers USA Inc
NYSE:SKX
14.3
1%
14.3
UK
Birkenstock Holding PLC
NYSE:BIRK
16
16%
1
CN
Huali Industrial Group Co Ltd
SZSE:300979
13.9
N/A N/A
US
Crocs Inc
NASDAQ:CROX
Negative Multiple: -64.3 N/A N/A
DE
Puma SE
XETRA:PUM
Negative Multiple: -5.9 N/A N/A
HK
Yue Yuen Industrial (Holdings) Ltd
HKEX:551
7.8
3%
2.6

Market Distribution

In line with most companies in Hong Kong
Percentile
59th
Based on 1 043 companies
59th percentile
16
Low
0.3 — 7.1
Typical Range
7.1 — 22.8
High
22.8 —
Distribution Statistics
Hong Kong
Min 0.3
30th Percentile 7.1
Median 13.9
70th Percentile 22.8
Max 11 983

Stella International Holdings Ltd
Glance View

In the dynamic world of footwear, Stella International Holdings Ltd. stands as a testament to innovative craftsmanship and efficient global operations. Born out of a commitment to deliver quality and style, the company has grown from humble beginnings into a formidable player in the fashion industry. Headquartered in Hong Kong, Stella International is primarily engaged in the design, development, and manufacturing of footwear. It caters to an array of esteemed international brands, which trust Stella with their high-end lines due to its impeccable standards and adeptness in merging fashion with functionality. The company has established a robust manufacturing network that spans across China, Vietnam, Indonesia, and Bangladesh, allowing it to tap into a wide range of skilled labor while maintaining competitive production costs. Stella International's business model thrives on its ability to provide both Original Design Manufacturing (ODM) and Original Equipment Manufacturing (OEM) services. This dual approach enables the firm to offer a comprehensive suite of production solutions, from initial design to the final product. Its impressive client roster reflects its reputation for reliable and premium service, with many luxury and casual footwear brands relying on Stella for their production needs. Beyond mere manufacturing, the company generates revenue through its retail and wholesale channels, taking its proprietary brands directly to consumers. By maintaining rigorous quality control and fostering innovation in design and technology, Stella International continues to secure its place as a key supplier in the global footwear industry, adeptly balancing high volume demands with the intricate specifications of high-end products.

Intrinsic Value
17.03 HKD
Undervaluation 13%
Intrinsic Value
Price HK$14.86
S
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