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<Research>CICC Says XTEP INT'L (01368.HK) Shows Solid 4Q25 Results, Keeps Outperform Rating
Recommend 3 Positive 6 Negative 1 |
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XTEP INT'L (01368.HK) posted solid 4Q25 results, CICC published a research report saying. The retail sell-through of its main Xtep brand remained flat Y, with retail discounts ranging from 25-30% off. As of the end of December, channel inventory turnover was 4.5 months, while the retail sell-through of the Saucony brand grew by over 30% YoY. CICC basically maintained its 2025/ 2026 EPS forecasts for the Company at RMB0.49/ RMB0.55 respectively, and introduced a 2027 EPS forecast of RMB0.61. The current share price corresponds to a projected 2026 PE ratio of 8x. Hence, the broker kept rating at Outperform. Considering the downward shift in the industry's valuation pivot, CICC dropped its target price by 11% to $6.47, corresponding to an estimated 2026 PE ratio of 11x. AASTOCKS Financial News Website: www.aastocks.com |
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