China Dongxiang (Group) Co Ltd CDGXY

Consumer DiscretionaryTextiles & ApparelChina

Last close 1.45 USD on Nov 1, 2026, −43.3% year to date

Quant rating

Quant rating D Rank 279 of 297 in Consumer Discretionary

Growth D 250 of 297
Valuation D 231 of 297
Quality D 276 of 297
Revisions D 256 of 297
Momentum C 201 of 297

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 179M
Enterprise value: −518M
52-week range: 1.45 – 3.21
3-year range: 1.30 – 3.24
Dividend yield: 6.74%
Beta (5 years): –
Shares outstanding: 5,895M
Next earnings: –

About the company

China Dongxiang (Group) Co Ltd is a company mainly engaged in brand development, design, and sales of sports related clothing, footwear, and accessories, as well as investment activities. The Company operates through two segments. The China Apparel segment is mainly engaged in the distribution and retail of sportswear under the Kappa and Phenix brands, as well as royalty income from several product trademarks. The investment segment mainly engages in investing in various financial assets or financial products. The Company mainly conducts businesses in both domestic and overseas markets in China.

Growth and profitability

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	249	232	242	244	302	–
Revenue growth	7.4%	−4.1%	−1.2%	−19.1%	0.5%	−3.7%
EPS (basic, normalized)	–	–	−0.02	0.00	−0.04	–
EPS growth	–	–	–	–	–	–
Gross margin	66.7%	68.6%	68.4%	63.3%	58.6%	65.1%
Net margin	−9.2%	12.3%	−36.7%	6.8%	−92.2%	−23.8%
ROE	−1.8%	2.3%	−6.8%	1.2%	−16.9%	−4.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	249	+7.4%	−2.1x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–
2029	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Textiles & Apparel

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CDGXY China Dongxiang (Group) Co Ltd	179M	–	−9.2%	0.14x	–	–	–	–
MAMK MaxsMaking Inc	216M	–	0.0%	–	–	–	–	–
SGC Superior Group of Companies Inc	196M	2.30x	1.2%	1.01x	22.5x	13.7x	9.0x	7.6x
VRA Vera Bradley, Inc	189M	2.46x	−12.1%	1.43x	−30.0x	60.0x	−69.5x	14.0x
DLTH Duluth Holdings Inc	167M	0.95x	−2.9%	0.94x	39.9x	−175.6x	6.4x	5.2x
AIM AIMIA Inc ( Canada )	161M	–	6.9%	0.61x	8.2x	−14.1x	–	–
Mean		1.90x	−2.7%	0.83x	10.1x	−29.0x	−18.0x	8.9x
Median		2.30x	−1.4%	0.94x	15.3x	−0.2x	6.4x	7.6x

Technical analysis

1M0.0%
3M−15.3%
1Y−43.6%
3Y+13.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, China Dongxiang (Group) Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	249	232	242	244	302	301
Cost of revenue	82.9	72.7	76.4	89.6	125	99.3
Gross profit	166	159	165	155	177	201
Selling, general & administrative expenses	221	170	173	155	216	202
Research & development	–	–	–	–	–	–
Depreciation/amortization	–	–	8.4	3.1	2.4	–
Interest expense (income), operating	−18.8	−38.5	99.9	−16.8	242	−316
Unusual expense (income)	1.9	1.7	0	−1.9	−0.1	3.9
Other operating expenses	−12.3	−7.8	−8.7	−4.1	−1.5	−4.7
Operating income	−26.2	33.6	−108	20.1	−282	316
Net interest income (expense)	0	0.6	2.7	5.5	−2.0	−6.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−0.2	0	−0.2	−0.3	−0.2	−0.1
Net income before taxes	−26.5	34.2	−105	25.3	−284	310
Provision for taxes	−3.6	5.7	−16.7	8.6	−5.4	25.2
Minority interest	0	0	0	0	0	−0.5
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−22.9	28.5	−88.6	16.7	−279	284
Extraordinary items	–	–	–	0	−2.8	−7.7
Net income	−22.9	28.5	−88.6	16.7	−281	276
EBIT, normalized	−43.1	−3.1	−7.4	1.7	−39.3	4.8
EBITDA, normalized	−27.9	10.5	6.5	12.7	−27.8	14.7
Basic EPS, normalized	–	–	−0.02	0.00	−0.04	–

Balance sheet in millions of USD, fiscal years

Balance sheet, China Dongxiang (Group) Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	707	641	527	574	735	899
Receivables	30.8	31.2	50.1	64.8	25.8	29.0
Total inventory	46.2	45.1	39.7	48.9	62.9	56.4
Prepaid expenses	1.1	0.9	1.7	2.1	3.8	4.5
Other current assets	5.1	6.2	3.1	4.6	4.4	0.5
Total current assets	790	724	622	694	832	990
Property, plant & equipment	24.6	26.9	29.3	34.8	30.0	26.6
Goodwill	–	–	–	–	–	–
Intangibles	21.0	21.0	22.1	24.3	27.7	27.9
Long-term investments	453	487	573	656	726	837
Note receivable	45.1	87.2	77.7	90.5	–	–
Other long-term assets	73.2	37.6	25.0	40.0	38.4	47.7
Total assets	1,407	1,384	1,349	1,540	1,654	1,929
Liabilities
Accounts payable	17.3	19.7	17.3	22.9	36.2	19.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	4.4	3.6	6.8	4.6	5.6	7.4
Short-term debt	0	0	0	0	24.6	19.3
Current portion of long-term debt	4.1	3.8	3.3	5.8	7.8	7.3
Other current liabilities	66.2	64.1	41.5	49.3	50.4	56.9
Total current liabilities	92.0	91.2	69.0	82.7	125	110
Long-term debt	30.2	2.7	2.0	2.6	4.3	6.4
Minority interest	0	0	0	0	0	0.5
Other liabilities	19.3	20.8	21.2	47.5	50.0	51.7
Total liabilities	141	115	92.2	133	179	169
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	8.2	7.8	7.8	8.2	8.9	8.6
Additional paid-in capital	97.3	118	134	151	163	158
Retained earnings (accumulated deficit)	1,115	1,081	1,058	1,205	1,394	1,660
Treasury stock	–	–	–	–	–	–
Other equity	45.5	62.2	57.4	43.6	−91.3	−65.6
Total equity	1,266	1,269	1,257	1,407	1,475	1,760
Total liabilities & shareholders' equity	1,407	1,384	1,349	1,540	1,654	1,929

Cash flow statement in millions of USD, fiscal years

Cash flow statement, China Dongxiang (Group) Co Ltd, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	−26.5	34.2	−105	25.3	−278	310
Depreciation, depletion & amortization	15.5	13.5	13.8	11.0	11.6	9.9
Deferred taxes	–	–	–	–	–	–
Non-cash items	34.2	−29.6	109	−39.7	254	−338
Changes in working capital	−7.2	1.4	9.6	18.1	−21.2	28.3
Cash from operations	16.0	19.5	27.5	14.8	−33.3	10.2
Investing activities
Capital expenditures	−9.0	−9.4	−7.7	−10.4	−8.1	−0.6
Other investing cash flows	−33.8	−10.0	−120	182	51.8	73.2
Cash from investing	−42.9	−19.4	−128	171	43.7	72.6
Financing activities
Financing cash flow items	−1.8	1.8	0	−1.0	−1.1	−1.3
Cash dividends paid	−26.7	−15.4	−9.7	−10.0	−47.4	−76.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	22.7	−4.7	−5.5	−33.8	−4.2	−24.8
Cash from financing	−5.9	−18.4	−15.2	−44.8	−52.8	−103
Foreign exchange effects	−8.0	−0.1	5.7	9.4	−4.9	−16.6
Net change in cash	−40.6	−18.4	−110	151	−47.3	−36.5
Free cash flow	7.0	10.1	19.9	4.4	−41.4	9.6

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.