CDGXY (China Dongxiang (Group) Co) Owner Earnings per Share (TTM): -0.17 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CDGXY China Dongxiang (Group) Co Ltd CDGXY
60 GF Score
Price $1.71
GF Value $2.28
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is China Dongxiang (Group) Co Owner Earnings per Share (TTM)?

China Dongxiang (Group) Co CDGXY 60 Owner Earnings per Share (TTM) is -0.17 as of Mar. 2026. GuruFocus rates CDGXY with a GF Score™ of 60/100 and a GF Value™ of $2.28 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 501 Manufacturing - Apparel & Accessories companies, China Dongxiang (Group) Co ranks worse than 199600.6% on this metric.

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

China Dongxiang (Group) Co's Owner Earnings per Share (TTM) ended in Mar. 2026 was $-0.17. It's Price-to-Owner-Earnings ratio for today is 0.


The historical rank and industry rank for China Dongxiang (Group) Co's Owner Earnings per Share (TTM) or its related term are showing as below:


During the past 13 years, the highest Price-to-Owner-Earnings ratio of China Dongxiang (Group) Co was 20.34. The lowest was 1.08. And the median was 7.62.


CDGXY's Price-to-Owner-Earnings is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 12.32
* Ranked among companies with meaningful Price-to-Owner-Earnings only.

China Dongxiang (Group) Co's Earnings per Share (Diluted) for the six months ended in Mar. 2026 was $-0.45. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.20. It's PE Ratio (TTM) ratio for today is At Loss.

China Dongxiang (Group) Co's EPS without NRI for the six months ended in Mar. 2026 was $0.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $0.12. It's PE Ratio without NRI ratio for today is 14.27.


Be Aware

Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.

Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.


China Dongxiang (Group) Co Owner Earnings per Share (TTM) Related Terms


China Dongxiang (Group) Co Owner Earnings per Share (TTM) Historical Data

* Premium members only.

The historical data trend for China Dongxiang (Group) Co's Owner Earnings per Share (TTM) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Dongxiang (Group) Co Owner Earnings per Share (TTM) Chart

China Dongxiang (Group) Co Annual Data
Trend Dec17 Dec18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Owner Earnings per Share (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.28 0.36 -0.57 0.25 -0.19

China Dongxiang (Group) Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Owner Earnings per Share (TTM) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.57 0.00 0.25 0.00 -0.19

CDGXY vs RL, LEVI, VFC: Owner Earnings per Share (TTM) Comparison

For the Apparel Manufacturing subindustry, China Dongxiang (Group) Co's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


China Dongxiang (Group) Co Price-to-Owner-Earnings vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Dongxiang (Group) Co's Price-to-Owner-Earnings distribution charts can be found below:

* The bar in red indicates where China Dongxiang (Group) Co's Price-to-Owner-Earnings falls into.


CDGXY
60GF Score
China Dongxiang (Group) Co Ltd CDGXY
Owner Earnings per Share (TTM) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Dongxiang (Group) Co Owner Earnings per Share (TTM) Calculation

In 1986 Berkshire Hathaway Shareholder Letter, Warren Buffett defined owner earnings as follows:

"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."

To make it simple, then you will have:

Owner Earnings per Share (TTM) = (Net Income + Depreciation, Depletion and Amortization + Change In Deferred Tax - 5Y Average of Maintenance Capital Expenditure + Change In Working Capital) / Shares Outstanding (Diluted Average)

China Dongxiang (Group) Co's Owner Earnings per Share (TTM) Calculation:

Last Year Average of Last 5 Years
Net Income -22.9
Depreciation, Depletion and Amortization 16.0
Change In Deferred Tax 0.0
5Y Average of Maintenance Capital Expenditure 8.6
Change In Working Capital -6.6
Shares Outstanding (Diluted Average) 117.7

1. Start with "Net Income" from income statement. China Dongxiang (Group) Co's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was $-22.9 Mil.

2. "Depreciation, Depletion and Amortization" is from cashflow statement. China Dongxiang (Group) Co's Depreciation, Depletion and Amortization for the trailing twelve months (TTM) ended in Mar. 2026 was $16.0 Mil. This needs to be added back because company does not actually need to pay cash for it. It is a non-cash item.

3. Other non-cash charges usually include "Stock Based Compensation" and "Change In Deferred Tax":
However, to be conservative, GuruFocus will not add Stock Based Compensation back to net income. China Dongxiang (Group) Co's Change In Deferred Tax for the trailing twelve months (TTM) ended in Mar. 2026 was $0.0 Mil.

4. Average maintenance capital expenditure over a business/industry cycle: 5-Year Average Maintenance Capital Expenditure = $8.6 Mil

It is usually best to take a long-term average of maintenance capital expenditure. Ideally this would be as long as 10 years and include at least one economic downturn. However, since many companies do not have as long as 10-year history, here GuruFocus uses the latest 5 years data to do the calculation. To smooth out unusual years but reflect recent developments, we take an average of the 5 year maintenance capital expenditure.

The following shows how to get maintenance capital expenditure.

First, calculate the revenue change regarding to the previous year. If the revenue decreased from the previous year, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
Second, if the revenue increased from the previous year, then calculate the percentage of Net PPE as of corresponding Revenue.
Growth Capital Expenditure = Percentage of Property, Plant and Equipment as of corresponding Revenue * Revenue Increase
Third, calculate Capital Expenditure (positive) - Growth Capital Expenditure.
If [Capital Expenditure (positive) - Growth Capital Expenditure] was negative, then the Maintenance Capital Expenditure = Capital Expenditure (positive).
If [Capital Expenditure (positive) - Growth Capital Expenditure] was positive, then the Maintenance Capital Expenditure = Capital Expenditure (positive) - Growth Capital Expenditure.
Fourth, get the average of the 5 years maintenance capital expenditure.

China Dongxiang (Group) Co's 5-Year Average Maintenance Capital Expenditure = $8.6 Mil

5. "Change In Working Capital" is from cashflow statement. China Dongxiang (Group) Co's Change In Working Capital for the trailing twelve months (TTM) ended in Mar. 2026 was $-6.6 Mil.
Note: GuruFocus' Change in Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And sometimes it includes non-current parts of assets and liabilities.

6. China Dongxiang (Group) Co's Shares Outstanding (Diluted Average) for the months ended in Mar. 2026 was 117.685 Mil.

China Dongxiang (Group) Co's Onwer Earnings Per Share for Mar. 2026 is calculated as:

Owner Earnings per Share (TTM)
=( Net Income+Depreciation, Depletion and Amortization+Change In Deferred Tax
=( -22.931 +16.019+0
-5Y Avg of Maintenance CAPEX+Change In Working Capital )/Shares Outstanding (Diluted Average)
-8.626+-6.583)/117.685
=-0.17

Price-to-Owner-Earnings=Current Price/Owner Earnings per Share (TTM)
=1.7125/-0.17
=0

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Owner Earnings per Share (TTM) of -0.17 mean?
China Dongxiang (Group) Co (CDGXY) has a Owner Earnings per Share (TTM) of -0.17 as of Mar. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on China Dongxiang (Group) Co. Over the past decade, China Dongxiang (Group) Co's Owner Earnings per Share (TTM) has ranged from 1.08 to 20.34. According to the industry distribution chart, China Dongxiang (Group) Co ranks #999999 out of 501 companies in the Manufacturing - Apparel & Accessories industry.
Is China Dongxiang (Group) Co's Owner Earnings per Share (TTM) too high?
China Dongxiang (Group) Co's current Owner Earnings per Share (TTM) is -0.17. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 20.34. Based on the distribution chart, China Dongxiang (Group) Co ranks #999999 out of 501 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, China Dongxiang (Group) Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Dongxiang (Group) Co's Owner Earnings per Share (TTM) compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, China Dongxiang (Group) Co ranks #999999 out of 501 companies for Owner Earnings per Share (TTM). This places China Dongxiang (Group) Co in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 12.32. Historically, China Dongxiang (Group) Co's own Owner Earnings per Share (TTM) has ranged from 1.08 to 20.34 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a Manufacturing - Apparel & Accessories company?
The median Owner Earnings per Share (TTM) among Manufacturing - Apparel & Accessories companies is 12.32, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on China Dongxiang (Group) Co. For the Manufacturing - Apparel & Accessories industry, the median Owner Earnings per Share (TTM) is 12.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Dongxiang (Group) Co's current Owner Earnings per Share (TTM) is -0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Dongxiang (Group) Co stock overvalued right now?
Based on GuruFocus' analysis, China Dongxiang (Group) Co (CDGXY) is currently considered Possible Value Trap. The stock's GF Value™ is $2.28, compared to a current price of $1.71 — trading 24.9% below its estimated fair value. The current Owner Earnings per Share (TTM) is -0.17. China Dongxiang (Group) Co's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For China Dongxiang (Group) Co (CDGXY), the current Owner Earnings per Share (TTM) is -0.17 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Dongxiang (Group) Co (CDGXY) Overvalued in 2026?

Based on GuruFocus' analysis, China Dongxiang (Group) Co stock appears to be undervalued. The current stock price of $1.71 is trading 24.9% below its estimated GF Value™ of $2.28. GuruFocus considers China Dongxiang (Group) Co to be Possible Value Trap.

Key valuation signals for CDGXY:

  • Owner Earnings per Share (TTM): -0.17
  • GF Value™: $2.28 vs. price of $1.71 (24.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the CDGXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Dongxiang (Group) Co Business Description

Other Exchanges 03818:Hong Kong4C1:Germany
Address Building 21, No. 2 Jingyuanbei Street, Beijing Economic-Technological Development Area, Beijing, CHN, 100176
China Dongxiang (Group) Co Ltd manufactures sports apparel and footwear. Its main brand is Kappa, which it sells in China. The company's primary sales channel is wholesale to distributors. The company also sells directly to consumers through company-operated retail stores and outlets in China, as well as through its e-commerce channel. It has two segments: China Sporting Goods and Investment. The China Sporting Goods segment engages in the distribution and retail sales of sports apparel under the Kappa brand and the Phenix brand, as well as the franchise fee income from such trademarks for certain products.
60GF Score

Get the complete analysis for CDGXY

Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.71
Price
$2.28
GF Value