Stella International Holdings Ltd SLNLY

Consumer DiscretionaryTextiles & ApparelHong Kong

Last close 17.50 USD on Nov 2, 2026, +2.9% year to date

Quant rating

Quant rating C Rank 143 of 297 in Consumer Discretionary

Growth C 139 of 297
Valuation D 211 of 297
Quality C 180 of 297
Revisions C 141 of 297
Momentum B 58 of 297

Wall Street consensus Hold (2.67)Average target 1.75 USD −90.0%

Historical valuation

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

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,570	1,545	1,493	1,631	1,541	–
Revenue growth	1.6%	3.5%	−8.5%	5.9%	35.6%	6.7%
EPS (basic, normalized)	0.16	0.21	0.19	0.17	0.13	–
EPS growth	−21.6%	11.8%	8.1%	30.3%	–	–
Gross margin	21.9%	24.8%	24.6%	21.6%	20.6%	22.7%
Net margin	8.8%	11.1%	9.5%	7.2%	5.8%	8.5%
ROE	12.6%	15.9%	13.8%	11.8%	9.3%	12.7%

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
2025 actual	1,570	+1.6%	0.8x	205	−16.2%	6.1x	0.16	−21.6%	107.4x
2026	1,569	−0.1%	0.8x	198	−3.5%	6.3x	0.15	−10.6%	120.1x
2027	1,639	+4.5%	0.8x	222	+12.3%	5.6x	0.17	+13.5%	105.8x
2028	1,736	+5.9%	0.7x	245	+10.3%	5.1x	0.19	+12.0%	94.5x

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
2026	1,569	+0.2%	+0.3%	+0.6%	0.15	0.0%	−13.5%	−14.2%
2027	1,639	+0.2%	+0.1%	0.0%	0.17	0.0%	−9.9%	−10.5%
2028	1,736	+0.3%	−0.6%	−1.5%	0.19	0.0%	−7.5%	−8.4%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	Mar 2008	Jun 2008	Sep 2008	Dec 2008
Sales reported (mil)	–	–	–	–	–	–	214	280	332	277
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	0.03	0.04	0.05	0.04
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

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
SLNLY Stella International Holdings Ltd	1.4B	–	8.8%	1.32x	120.1x	105.8x	6.3x	5.6x
JNBBY JNBY Design Ltd	1.5B	–	16.5%	3.51x	27.7x	25.9x	5.3x	5.0x
GIII G-III Apparel Group Ltd	1.3B	−2.76x	2.3%	0.73x	14.0x	13.1x	4.8x	4.7x
XTEPY Xtep International Holdings Ltd	1.3B	–	9.7%	0.75x	758.4x	663.9x	3.6x	3.2x
SFRGY Salvatore Ferragamo S.p.A.	1.2B	–	−5.1%	1.82x	86.6x	22.1x	8.5x	7.5x
WACLY WACOAL HOLDINGS CORP.	1.2B	–	7.7%	0.88x	–	–	–	–
Mean		−2.76x	6.6%	1.50x	201.4x	166.2x	5.7x	5.2x
Median		−2.76x	8.2%	1.10x	86.6x	25.9x	5.3x	5.0x

Technical analysis

1M0.0%
3M+3.1%
1Y+2.9%
3Y+103.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Stella International Holdings Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,570	1,545	1,493	1,631	1,541	1,136
Cost of revenue	1,226	1,161	1,126	1,279	1,224	934
Gross profit	345	384	367	352	317	202
Selling, general & administrative expenses	200	220	220	218	225	218
Research & development	–	–	–	–	–	–
Interest expense (income), operating	0.1	3.5	−3.5	−1.9	−0.1	3.4
Unusual expense (income)	3.4	−14.2	3.0	10.4	9.0	1.1
Other operating expenses	−6.7	−7.9	−7.0	−4.6	−13.4	−20.0
Operating income	148	182	154	130	96.3	−1.3
Net interest income (expense)	13.6	16.8	6.9	2.9	7.2	3.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	161	199	161	133	103	2.2
Provision for taxes	24.2	28.7	21.1	16.0	12.7	1.2
Minority interest	1.0	0.9	0.8	0.8	−1.1	0.6
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	138	171	141	118	89.7	1.7
Extraordinary items	–	–	–	–	–	–
Net income	138	171	141	118	89.7	1.7
EBIT, normalized	151	171	154	139	105	5.9
EBITDA, normalized	207	226	209	194	161	55.1
Basic EPS, normalized	0.16	0.21	0.19	0.17	0.13	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Stella International Holdings Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	373	424	294	213	135	109
Receivables	269	266	335	318	372	327
Total inventory	217	203	197	189	226	185
Prepaid expenses	0.5	0.6	0.5	0.6	1.4	3.7
Other current assets	0	0.2	0.2	5.8	0.5	0.6
Total current assets	861	893	828	726	735	625
Property, plant & equipment	516	470	473	475	505	462
Goodwill	2.0	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	54.9	54.0	53.3	57.0	53.0	62.4
Note receivable	–	–	–	–	–	–
Other long-term assets	6.0	5.8	5.6	0	5.5	0
Total assets	1,440	1,423	1,360	1,258	1,298	1,150
Liabilities
Accounts payable	96.9	95.1	82.8	66.5	88.6	77.3
Payable/accrued	–	–	–	–	–	–
Accrued expenses	82.0	74.8	86.1	66.2	82.1	58.4
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	5.7	3.7	4.2	9.5	5.1	7.3
Other current liabilities	114	106	92.2	77.8	81.7	67.5
Total current liabilities	299	279	265	220	258	210
Long-term debt	10.6	8.3	11.1	12.7	23.9	15.2
Minority interest	14.0	15.3	16.3	17.1	18.1	−0.7
Other liabilities	20.0	18.4	16.0	9.6	0	0
Total liabilities	344	321	308	259	300	225
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	10.7	10.5	10.2	10.2	10.2	10.2
Additional paid-in capital	217	198	158	156	156	155
Retained earnings (accumulated deficit)	907	941	907	851	826	755
Treasury stock	–	–	–	–	0	−0.7
Other equity	−38.2	−47.2	−23.8	−18.2	6.3	4.7
Total equity	1,096	1,102	1,051	999	999	925
Total liabilities & shareholders' equity	1,440	1,423	1,360	1,258	1,298	1,150

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Stella International Holdings Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	161	199	161	133	103	2.2
Depreciation, depletion & amortization	56.0	54.6	55.5	55.6	56.2	49.2
Deferred taxes	–	–	–	–	–	–
Non-cash items	−7.0	−12.1	29.6	29.7	19.5	6.8
Changes in working capital	−15.5	22.7	−17.2	21.6	−58.9	112
Cash from operations	195	264	229	240	120	170
Investing activities
Capital expenditures	−91.2	−67.0	−67.6	−57.9	−55.7	−51.3
Other investing cash flows	9.8	35.6	11.1	4.2	−15.6	−20.0
Cash from investing	−81.4	−31.4	−56.6	−53.8	−71.4	−71.3
Financing activities
Financing cash flow items	−1.4	−0.4	−0.4	−0.3	−0.2	−0.3
Cash dividends paid	−169	−132	−88.1	−99.1	−21.4	−46.1
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	13.5	29.4	−2.3	−7.0	−1.0	−5.5
Cash from financing	−157	−103	−90.8	−106	−22.6	−51.9
Foreign exchange effects	−6.4	−1.0	−0.6	−1.8	0.2	−6.6
Net change in cash	−50.3	129	81.2	78.1	26.5	40.6
Free cash flow	104	197	162	182	64.5	119

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 2, 2026 after market close.