Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-18
1368.HK [bullish]
Xtep International Holdings Limited
-30.47%
current return
Author Info
No bio for this author
Company Info
Xtep International Holdings Limited, together with its subsidiaries, designs, develops, manufactures, markets, and sells footwear, apparel, and accessories for adults and children in Mainland China.
Market Cap
HKD 8.3B
Pitch Price
HKD 5.14
Price Target
7.31 (+104%)
Dividend
7.76%
EV/EBITDA
3.13
P/E
6.86
EV/Sales
0.49
Sector
Textiles, Apparel and Luxury Goods
Category
growth
Xtep (1368 HK) – Better margins despite cautious sales growth
1368.HK: Xtep TP HK$7.31 (31% upside). Running segment 20%+ growth. Outperformance expected 2H24: new products, e-commerce, wholesale, Saucony growth, K&P sale. 11x FY24E P/E, 13% yield. Catalysts: results, product feedback, policies, weather. OP margin improvement despite cautious sales growth.
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