Loading…
Major Chinese ceramic tile manufacturer selling building materials under the Marco Polo brand.
Major Chinese ceramic tile manufacturer selling building materials under the Marco Polo brand.
Sells tiles through two routes: a large share goes to property developers on project contracts, and the rest through retail dealers and showrooms to home renovators. Developer sales bring credit risk when the property market is weak.
In one line: China's Mohawk Industries for tile.
Moat: narrow (brand, distribution, scale). Well-known premium tile brand with a wide dealer/showroom network across China.
Headquarters: Foshan, Guangdong, China · Founded: 1998 · Employees: 5,316
Size Marco Polo (001386.SZ) is a China Industrials company (Wholesale Distributors) with a market value of $2.80B, the 913th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥15.76 on 6 Nov 2026.
Performance Over six months the shares fell 15.4%, against +0.7% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue fell 11.8% over the last twelve months (peer median +7.9%); the operating margin is 20.9% (peer median 4.8%).
Valuation It trades at 2.4× enterprise value to sales against a peer median of 0.7× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about -7% a year for seven years (Req g). Recent delivered growth is -6%, so the hurdle is -2 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.9 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | CN¥6.42B | CN¥7.27B | CN¥8.86B | CN¥8.61B |
| Revenue growth | — | -12% | -18% | +3% | — |
| Gross profit | n/a | CN¥2.39B | CN¥2.68B | CN¥3.05B | CN¥2.89B |
| EBITDA | n/a | CN¥1.73B | CN¥1.98B | CN¥1.95B | CN¥2.19B |
| Net income | n/a | CN¥1.21B | CN¥1.33B | CN¥1.35B | CN¥1.51B |
| Free cash flow | n/a | CN¥1.95B | CN¥1.54B | CN¥2.81B | CN¥2.55B |
| Capital expenditure | n/a | CN¥227M | CN¥303M | CN¥256M | CN¥490M |
| Total debt | CN¥2.14B | CN¥1.63B | CN¥2.12B | CN¥2.11B | CN¥2.49B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Marco Polo 001386.SZ | $2.80B | -15% | -12% | 21% | 2.4× | -7.2% |
| Guangdong Dongpeng 003012.SZ | $779M | -24% | -15% | 0% | 0.7× | -3.8% |
| Mohawk Industries MHK | $8.75B | +45% | +4% | 7% | 0.9× | 6.4% |
| Kajaria Ceramics KAJARIACER.NS | $1.96B | +7% | +14% | 16% | 3.4× | 26.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 001386.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | -5.4% | 5th highest of 21 |
| 6-month return | -15.4% | +0.7% | 5th lowest of 21 |
| Distance from 52-week high | -49.0% | -20.7% | 3rd lowest of 21 |
| Revenue growth (TTM) | -11.8% | +7.9% | lowest of 21 |
| Operating margin | 20.9% | 4.8% | highest of 21 |
| EV / Sales | 2.4× | 0.7× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.2% | 5.5% | 3rd least demanding of 19 |
| Growth delivered (Del g) | -5.5% | +8.8% | lowest of 19 |
| Hurdle (Req g minus delivered) | -1.6 pp | -3.5 pp | 7th most demanding of 19 |
| ROIC minus cost of capital | +5.9 pp | +0.8 pp | 4th highest of 21 |
| EV / EBITDA | 9.0× | 8.9× | 6th cheapest of 11 |
| Net debt / EBITDA | -1.8× | 1.3× | 2nd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Marco Polo 001386.SZ | China | $2.80B | -15% | -12% | 21% | 2.4× | -7.2% | -5.5% |
| Jiangsu Azure 002245.SZ | China | $2.82B | -21% | +27% | 12% | 2.2× | 11.8% | +13.8% |
| Inchcape INCH.L | United Kingdom | $2.87B | -21% | +7% | 6% | 0.3× | -6.0% | +5.9% |
| IWATANI 8088.T | Japan | $2.73B | -4% | +5% | 5% | 0.7× | 4.3% | +10.1% |
| Nagase & 8012.T | Japan | $2.96B | -9% | +8% | 5% | 0.6× | 3.5% | +3.2% |
| Russel Metals RUS.TO | Canada | $2.98B | +36% | +18% | 5% | 0.8× | 8.7% | +11.5% |
| Xinhua Winshare Publishing & Media 0811.HK | Hong Kong | $2.60B | -15% | +1% | 7% | 0.9× | -10.6% | +4.7% |
| Workman 7564.T | Japan | $2.57B | -31% | +21% | 19% | 1.9× | 4.6% | +8.7% |
| Bufab BUFAB.ST | Sweden | $2.55B | +16% | +8% | 13% | 3.3× | 18.7% | +11.2% |
| Boise Cascade BCC | United States | $2.44B | -1% | +1% | 3% | 0.4× | 7.7% | +3.2% |
| Macnica 3132.T | Japan | $3.23B | +8% | +35% | 4% | 0.4× | n/a | n/a |
| DNOW DNOW | United States | $2.40B | +2% | +70% | -3% | 0.7× | 9.8% | +11.7% |
| OEM International OEM-B.ST | Sweden | $2.34B | +11% | +11% | 15% | 3.8× | 14.6% | +10.1% |
| Hanwa 8078.T | Japan | $2.29B | +7% | +6% | 2% | 0.2× | -4.2% | +8.8% |
| DXP Enterprises DXPE | United States | $2.18B | -10% | +11% | 9% | 1.3× | 6.6% | +14.9% |
| Farsoon Technologies 688433.SS | China | $3.76B | -24% | +52% | 5% | 30.0× | n/a | n/a |
| Wuchan Zhongda 600704.SS | China | $3.86B | 0% | +3% | 1% | 0.2× | -2.5% | +8.1% |
| Gibson Energy GEI.TO | Canada | $3.87B | +13% | +26% | 3% | 0.6× | 6.4% | +16.7% |
| Shanghai Xinhua Media 600825.SS | China | $2.03B | +118% | +1% | -1% | 8.4× | 44.5% | +2.3% |
| Currys CURY.L | United Kingdom | $1.97B | +16% | +6% | 2% | 0.2× | 4.3% | -2.2% |
| BIC Cameras 3048.T | Japan | $1.94B | +10% | +7% | 4% | 0.3× | -8.2% | +4.5% |