Yue Yuen Industrial (Holdings) Limited YUEIY

Consumer DiscretionaryTextiles & ApparelHong Kong

Last close 8.45 USD on Nov 1, 2026, −9.9% year to date

Quant rating

Quant rating B Rank 88 of 297 in Consumer Discretionary

Growth C 170 of 297
Valuation A 41 of 297
Quality B 83 of 297
Revisions C 197 of 297
Momentum B 82 of 297

Wall Street consensus Hold (2.69)Average target 1.66 USD −80.3%

Historical valuation

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

Key data

Market cap: 2.8B
Enterprise value: 3.8B
52-week range: 7.45 – 12.61
3-year range: 4.68 – 12.61
Dividend yield: 9.79%
Beta (5 years): 0.70
Shares outstanding: 1,605M
Next earnings: Nov 12, 2026

About the company

Yue Yuen Industrial Holdings Ltd is an investment holding company principally engaged in the manufacture and sale of footwear products. The Company is mainly engaged in the manufacture and sale of athletic shoes, outdoor shoes, casual shoes, sports sandals, soles, components and other footwear products. The Company is also engaged in the retail and distribution of sportswear and footwear products. Retail operation also includes provision of commercial spaces to retailers and distributors.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	8,031	8,182	7,890	8,970	8,533	–
Revenue growth	−1.8%	3.7%	−12.0%	5.1%	1.0%	−1.0%
EPS (basic, normalized)	0.24	0.24	0.17	0.18	0.07	–
EPS growth	−2.1%	42.9%	−7.6%	159.2%	–	–
Gross margin	22.8%	24.4%	24.4%	23.8%	24.0%	23.9%
Net margin	4.7%	4.8%	3.5%	3.3%	1.3%	3.5%
ROE	8.4%	9.0%	6.5%	7.2%	2.9%	6.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	710
Current ratio	1.99x
Long-term debt (mil)	473
Net debt (mil)	1,041
Total equity (mil)	4,533
Net debt / equity	0.23x
Net debt / EBITDA	1.34x

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	8,031	−1.8%	0.5x	779	−15.3%	4.9x	0.24	−2.1%	35.5x
2026	7,857	−2.2%	0.5x	578	−25.8%	6.7x	0.12	−48.3%	68.7x
2027	7,927	+0.9%	0.5x	714	+23.6%	5.4x	0.18	+48.5%	46.3x
2028	8,215	+3.6%	0.5x	783	+9.7%	4.9x	0.21	+14.9%	40.3x

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	7,857	+0.2%	−1.7%	−2.2%	0.12	−4.7%	−31.5%	−43.2%
2027	7,927	0.0%	−3.6%	−4.5%	0.18	−1.6%	−13.9%	−24.1%
2028	8,215	+0.1%	−3.1%	−3.7%	0.21	−0.9%	−9.4%	−18.4%

Earnings surprises EPS beat in 2 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	2,004	2,012	2,060	2,107	2,029	2,031	1,957	2,014	1,985	1,987
Sales mean (mil)	1,994	2,004	2,018	2,123	2,056	2,047	1,963	2,049	1,996	1,988
Surprise	+0.5%	+0.4%	+2.1%	−0.8%	−1.3%	−0.8%	−0.3%	−1.7%	−0.5%	−0.1%
EPS reported	0.06	0.05	0.09	0.04	0.05	0.06	0.07	0.06	0.02	0.02
EPS mean	0.05	0.05	0.07	0.06	0.05	0.05	0.05	0.06	0.04	0.03
Surprise	+20.0%	+1.0%	+20.0%	−36.2%	−10.8%	+15.4%	+40.5%	+12.9%	−48.8%	−13.2%

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
YUEIY Yue Yuen Industrial (Holdings) Limited	2.8B	1.34x	4.7%	0.62x	68.7x	46.3x	6.7x	5.4x
COLM Columbia Sportswear Company	3.5B	−0.87x	5.2%	2.12x	14.8x	15.5x	8.1x	8.3x
CHCLY Citizen Watch Co Ltd	3.4B	−0.64x	9.0%	1.79x	72.6x	69.3x	8.4x	7.9x
SHOO Steven Madden, Ltd.	3.2B	0.30x	1.8%	3.39x	19.9x	15.8x	13.0x	10.9x
BOSSY Hugo Boss AG	3.0B	–	5.8%	–	–	–	–	–
SMSGY Samsonite Group S.A.	2.2B	2.85x	8.3%	1.49x	45.5x	40.6x	6.4x	6.1x
Mean		0.60x	5.8%	1.88x	44.3x	37.5x	8.5x	7.7x
Median		0.30x	5.5%	1.79x	45.5x	40.6x	8.1x	7.9x

Technical analysis

1M+4.4%
3M−5.6%
1Y+3.0%
3Y+96.9%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Yue Yuen Industrial (Holdings) Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	8,031	8,182	7,890	8,970	8,533	8,445
Cost of revenue	6,204	6,189	5,965	6,833	6,485	6,614
Gross profit	1,828	1,993	1,925	2,137	2,048	1,831
Selling, general & administrative expenses	1,340	1,392	1,437	1,595	1,801	1,611
Research & development	146	142	158	190	185	187
Depreciation/amortization	–	–	–	–	–	14.9
Interest expense (income), operating	−30.2	−33.5	−35.0	−21.2	−27.3	−14.0
Unusual expense (income)	−8.2	−27.1	−5.9	7.0	−3.8	8.5
Other operating expenses	−69.0	−51.9	−40.9	−52.2	−85.6	32.0
Operating income	450	571	412	419	178	−8.5
Net interest income (expense)	16.1	0.7	−22.0	−6.0	−3.9	−42.9
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	1.3	0.1
Net income before taxes	466	572	390	413	175	−51.4
Provision for taxes	70.4	147	81.0	120	33.5	21.0
Minority interest	−14.3	−32.2	−34.5	3.1	−26.9	−18.4
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	381	392	275	296	115	−90.8
Extraordinary items	–	–	–	–	–	–
Net income	381	392	275	296	115	−90.8
EBIT, normalized	411	511	371	405	147	−14.0
EBITDA, normalized	775	894	779	900	730	533
Basic EPS, normalized	0.24	0.24	0.17	0.18	0.07	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Yue Yuen Industrial (Holdings) Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	790	922	1,129	1,082	958	1,018
Receivables	1,469	1,346	1,176	1,177	1,226	1,413
Total inventory	1,380	1,336	1,247	1,625	2,058	1,585
Prepaid expenses	–	–	–	–	–	–
Other current assets	226	241	233	259	278	221
Total current assets	3,865	3,845	3,784	4,144	4,519	4,236
Property, plant & equipment	2,045	2,079	2,224	2,482	2,776	2,979
Goodwill	260	256	258	260	267	265
Intangibles	14.4	13.1	12.1	9.1	11.3	27.7
Long-term investments	1,232	1,066	948	900	913	887
Note receivable	–	–	–	–	0	5.0
Other long-term assets	112	116	132	141	151	122
Total assets	7,529	7,375	7,358	7,935	8,638	8,523
Liabilities
Accounts payable	464	500	476	427	649	598
Payable/accrued	–	–	–	–	–	–
Accrued expenses	594	599	561	689	733	720
Short-term debt	3.6	3.8	4.6	4.7	0	0
Current portion of long-term debt	541	433	732	620	812	737
Other current liabilities	216	233	211	263	275	283
Total current liabilities	1,819	1,770	1,985	2,003	2,468	2,338
Long-term debt	434	537	507	1,146	1,362	1,624
Minority interest	494	476	470	453	506	478
Other liabilities	164	154	156	143	203	187
Total liabilities	2,912	2,937	3,118	3,746	4,540	4,627
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	51.8	51.8	52.0	52.0	52.0	52.0
Additional paid-in capital	578	578	593	593	593	593
Retained earnings (accumulated deficit)	3,800	3,686	3,501	3,420	3,234	3,123
Treasury stock	–	–	–	–	–	–
Other equity	187	122	94.8	125	220	129
Total equity	4,617	4,438	4,240	4,190	4,098	3,896
Total liabilities & shareholders' equity	7,529	7,375	7,358	7,935	8,638	8,523

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Yue Yuen Industrial (Holdings) Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	466	572	390	413	175	−51.4
Depreciation, depletion & amortization	364	383	408	494	583	547
Deferred taxes	–	–	–	–	–	–
Non-cash items	−36.2	−54.5	−10.4	27.3	16.0	44.1
Changes in working capital	−202	−363	157	−27.2	−311	295
Cash from operations	591	537	945	908	463	834
Investing activities
Capital expenditures	−327	−213	−201	−206	−290	−259
Other investing cash flows	16.7	154	49.6	113	193	−39.6
Cash from investing	−311	−58.5	−152	−92.3	−96.8	−298
Financing activities
Financing cash flow items	−67.0	−59.4	−76.3	−60.8	−39.8	−47.2
Cash dividends paid	−266	−227	−185	−123	0	−145
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−76.3	−344	−598	−444	−391	−448
Cash from financing	−410	−631	−860	−627	−431	−640
Foreign exchange effects	6.1	−14.0	−4.9	−31.5	6.0	19.3
Net change in cash	−123	−166	−71.6	157	−59.0	−85.1
Free cash flow	264	325	743	702	173	576

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.