6110.HK
Strong BuyUnloved QualityAI concernTopsports International Holdings Limited · Consumer Cyclical · Hong Kong · $795M
HKD 1.03 +1.5% · close 6 Oct · scored 7 Oct
Unloved Quality: Strong and cheap; the market has not turned yet.
Strong on the numbers, but the AI review named a specific concern. Its reason is in the AI review below.
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Topsports is China's largest Nike and Adidas retailer. It has reported that it will end online sales of Nike products in mainland China from January 2027, a channel it says accounts for about 22% of revenue. That is a specific structural hit to a business that depends on brand partners who are expanding direct-to-consumer sales. The forward-EPS consensus has been cut by about 6.7% in four weeks and momentum is very weak. The low valuation reflects a shrinking role in the brand value chain rather than a mispricing.
ABOUT TOPSPORTS INTERNATIONAL HOLDINGS LIMITED
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Topsports International is a leading sports retailer and distributor in China, operating a vast network of stores for international brands like Nike and Adidas, in addition to its own multi-brand sports apparel and footwear retail business. Its extensive retail footprint and strong relationships with major global sports brands provide a significant competitive advantage in the booming Chinese sports market. The company also leverages digital channels to enhance its market reach and customer engagement.
FINANCIAL SUMMARY (HKD)
| Year | 2022 | 2023 | 2024 | 2025 | 2026 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.4B | 31.7B | 33.9B | 31.7B | 30.2B | -5.2% | 30.1B | 26.8B | 23.2B | -12.3% |
| EPS (HKD) | — | 0.35 | 0.42 | 0.24 | 0.24 | -11.6% | 0.24 | 0.20 | 0.15 | -19.9% |
| Shares | — | 6.2B | 6.2B | 6.2B | 6.2B | 0.0% | 6.2B | — | — | — |
| Debt | — | 4.9B | 3.2B | 4.8B | 4.1B | -6.0% | 4.1B | — | — | — |
| Equity | — | 11.5B | 11.5B | 10.6B | 10.1B | -4.3% | — | — | — | — |
| Op CF | — | 5.1B | 3.7B | 4.4B | 3.2B | -14.4% | 3.2B | — | — | — |
| Inv CF | — | -358.3M | -232.3M | -348.8M | -603.9M | — | — | — | — | — |
| Fin CF | — | -4.0B | -3.9B | -3.3B | -3.5B | — | — | — | — | — |
Swung more than 59% of stocks we rank over the past year (47% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 6110.HK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 6110.HK | Topsports International Holdings Limited(you) | $795M | 85 | Strong Buy |
| 0709.HK | Giordano International Limited | $269M | 96 | Strong Buy |
| 1657.HK | SG Group Holdings Limited | $212M | 25 | Sell |
| 0071.HK | Miramar Hotel and Investment Company, Limited | $866M | 91 | Strong Buy |
| 1126.HK | Dream International Limited | $515M | 88 | Strong Buy |
| 1836.HK | Stella International Holdings Limited | $1.3B | 83 | Strong Buy |
| 2678.HK | Texhong International Group Limited | $645M | 94 | Strong Buy |
| T15.SI | Tan Chong International Limited | $456M | 79 | Buy |
| 0116.HK | Chow Sang Sang Holdings International Limited | $1.1B | 98 | Strong Buy |
| 0590.HK | Luk Fook Holdings (International) Limited | $1.6B | 92 | Strong Buy |
Peer medians: ROE 3.1% · P/E 9.1x · Gross margin 28.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.