361 Degrees International Limited (TSIOF)

361 Degrees International Limited (TSIOF) — VMCI valuation read

Headline read on TSIOF: VMCI of 68/100 versus a Consumer Cyclical sector median of 50. The 18-point above-median position is what makes 361 Degrees International Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on TSIOF: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on TSIOF: value (TSIOF trades at 17.0x earnings, 6% below the Consumer Cyclical median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Consumer Cyclical median (10.0%)), and risk (net debt to EBITDA of -0.6x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Consumer Cyclical 12.0x baseline.

TSIOF fell 1.1% over the trailing 7 days, with a -5.4% read on a 30-day basis.