Risk factor
Meaningful price volatility
Profitability factor
Decent price performance
About
Shenzhen Comix Group Co., Ltd., originally established in 1991 as Shenzhen Comix Stationery Co., Ltd. before its rebranding in September 2014, is a prominent manufacturer and global supplier of office essentials. Based in Shenzhen, China, the company distributes its vast array of products both domestically and internationally. Comix offers a comprehensive selection of filing and organizational solutions, which includes various types of binders (such as view, ring, lever arch), display books, clipboards, diverse file categories (like report, expanding, suspension, and pressure files), file cases, indexes, dividers, and cardholders. Beyond filing, their extensive product range encompasses a wide variety of desk accessories and general office supplies. This includes automated numbering machines, staplers, punches, staple removers, assorted storage units like file boxes, trays, and transparent drawers, along with book and pen stands. They also supply numerous small office items such as magnetic clip boxes, different types of clips (binder, colored, paper), packing tapes, rulers, erasers, scissors, utility knives, replacement blades, key boxes, DIY wooden craft items, various glues, and measuring tapes. The company also caters to writing and paper product needs, providing a range of pencils, fountain pens, gel-ink and ballpoint pens, markers, highlighters, and refills. Their paper offerings include notebooks, sticky notes, and different kinds of copy paper. For office technology and presentation, Comix manufactures calculators (pocket, desktop, and office models), document shredders, binding and laminating machines (including films and accessories), time recorders, and a suite of conference equipment like whiteboards, projection screens, laser pointers, and projector tables. Furthermore, Comix has diversified its portfolio to include health and personal safety items, offering air purifiers, half and full-face masks, alcohol spray disinfectants, hand sanitizing gels, portable air pillow makers, and handheld briefcases.
Company Valuation
From both historical and forecast perspectives, the stock is slightly overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, of fair value
Target Price
The average target price of 002301.SZ is 9.60 and suggests 12.1% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommen