Li Ning Company Limited 2331.HK

HK · Hong Kong Stock Exchange · XHKG · stock · Consumer Cyclical · website

Li Ning Company Limited statistics & valuation

Market cap$37.5B

P / E12.8×

P / S1.3×

P / B1.4×

P / FCF10.5×

Dividend yield3.73%

Net margin9.9%

Return on equity10.6%

FCF margin12.0%

Multiples are price-derived and refreshed daily; everything else is from filings.

P / E vs its own history

Li Ning Company Limited trades at about 13× earnings — below its 10-year norm (10-year range 13.5×–50×, median 18×).

13× 50×

Shaded band = 10-year range (13.5×–50×); dot = today's 13×.

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

Source: company filings via Yahoo Finance · HK · as of 2025-12-31. Figures in HKD; non-US fundamentals are aggregated by Yahoo (shorter history); facts plus Stocktoria's own computed scores — not investment advice.