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Topsports International Holdings Ltd
HKEX:6110

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Topsports International Holdings Ltd
HKEX:6110
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Price: 3 HKD 1.69% Market Closed
Market Cap: HK$18.6B

EV/S

0.7
Current
12%
Cheaper
vs 3-y average of 0.8

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.7
=
Enterprise Value
HK$21.9B
/
Revenue
¥26.3B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.7
=
Enterprise Value
HK$21.9B
/
Revenue
¥26.3B

Valuation Scenarios

Topsports International Holdings Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (0.8), the stock would be worth HK$3.4 (13% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+369%
Average Upside
137%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.7 HK$3
0%
3-Year Average 0.8 HK$3.4
+13%
5-Year Average 1.1 HK$4.59
+53%
Industry Average 1.5 HK$6.42
+114%
Country Average 3.3 HK$14.06
+369%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
HK$21.9B
/
Sep 2025
¥26.3B
=
0.7
Current
HK$21.9B
/
Mar 2026
¥26B
=
0.8
Forward
HK$21.9B
/
Mar 2027
¥26.8B
=
0.8
Forward
HK$21.9B
/
Mar 2028
¥28.1B
=
0.8
Forward
HK$21.9B
/
Feb 2029
¥30.8B
=
0.7
Forward
HK$21.9B
/
Feb 2030
¥32.8B
=
0.7
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 88% of companies in China
Percentile
12th
Based on 7 593 companies
12th percentile
0.7
Low
0 — 1.7
Typical Range
1.7 — 6.2
High
6.2 —
Distribution Statistics
China
Min 0
30th Percentile 1.7
Median 3.3
70th Percentile 6.2
Max 5 034 353.9

Topsports International Holdings Ltd
Glance View

Market Cap
18.6B HKD
Industry
Retail

In the dynamic world of sports retail in China, Topsports International Holdings Ltd. has carved out a significant niche, standing as a major force connecting global sports brands with the burgeoning consumer base in one of the world's most rapidly evolving markets. Established in 1999, the company has swiftly ascended the ranks to become a go-to partner for behemoths like Nike and Adidas, operating a sprawling network of retail stores that dot the Chinese landscape. With an adept understanding of local consumer preferences and a strategic blend of digital and physical retail channels, Topsports has effectively positioned itself as an indispensable link in the supply chain of athletic footwear and apparel. This has allowed them to tap into the increasing demand for branded sportswear, fueled by a growing middle class with a penchant for active lifestyles and global fashion trends. What sets Topsports apart is its robust and well-curated distribution network, which underpins its ability to maintain consistent revenue streams. The company leverages an extensive retail infrastructure that combines flagship stores, shop-in-shop arrangements, and a strong e-commerce presence, all tailored to accentuate brand visibility and consumer engagement. Through this multi-faceted approach, Topsports not only facilitates transactions but also enhances brand experiences, driving deeper customer loyalty and repeated footfall. By amalgamating advanced data analytics with their omnichannel strategy, they deftly manage inventory and cater to regional tastes, optimizing operational efficiencies. This business model not only ensures a steady flow of income through sales but also strengthens their negotiation position with global brand partners, securing favorable terms that bolster profitability.

Intrinsic Value
6.51 HKD
Undervaluation 54%
Intrinsic Value
Price HK$3
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