Stocktoria
Li Ning Company Limited 2331.HK
Li Ning Company Limited statistics & valuation
Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥16.63); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
Li Ning Company Limited trades at about 12.8× earnings — below its 10-year norm (10-year range 13.5×–50×, median 18×).
Shaded band = 10-year range (13.5×–50×); dot = today's 12.8×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Gross margin | 49.0% | 49.4% | 48.4% | 48.4% |
| Operating margin | 13.4% | 13.2% | 12.2% | 17.4% |
| Net margin | 9.9% | 10.5% | 11.5% | 15.7% |
| FCF margin | 12.0% | 13.1% | 10.4% | 8.1% |
| Return on assets | 7.8% | 8.4% | 9.3% | 12.1% |
| Return on equity | 10.6% | 11.5% | 13.1% | 16.7% |
| Current ratio | 2.85 | 2.71 | 1.88 | 1.71 |
Computed from company filings · HK · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.