Bosideng International Holdings (3998) AI Stock Analysis

• Market Cap: $53.13B
• Dividend Yield: 5.71%
• Average Volume (3M): 17.23M
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.55
• Revenue Growth: 10.50%
• EPS Growth: 10.34%
• Country: HK
• Employees: 13,082
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.23
• Shares Outstanding: 11,564,185,000
• 10 Day Avg. Volume: 16,014,467
• 30 Day Avg. Volume: 17,232,043
• PEG Ratio: 0.82
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 1.60
• P/FCF Ratio: 15.62
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 1.62
• Enterprise Value/Gross Profit: 2.75
• Enterprise Value/Ebitda: 7.36
• 1Y Price Target: $5.49
• Price Target Upside: 14.61% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 75 Outperform
• Price Target: HK$5.00 ▲(4.38% Upside)

Bosideng International Holdings scores well due to its strong financial performance and attractive valuation. The company's robust revenue growth and profitability, combined with a solid dividend yield, are significant strengths. However, the technical indicators suggest a neutral trend, which slightly tempers the overall score.

Bosideng International Holdings Business Overview & Revenue Model

Company Description

Bosideng International Holdings Limited researches, designs, develops, manufactures, markets, and distributes branded down apparel products, original equipment manufacturing (OEM) products, and non-down apparel products in the People's Republic of China. The company operates through four segments: Down Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels. It engages in the business of sourcing and distributing branded down and ladieswear apparels; and non-seasonal apparels, including branded menswear, school uniform, and children's wear. The company provides down apparel products under the Bosideng, Snow Flying, Bengen, etc. brands; ladies wear products under the JESSIE, BUOU BUOU, KOREANO, and KLOVA brands; and school uniforms under the Sameite brand. It also offers network consulting and e-business of down and non-down apparel; logistics and storage services; and brand design and development services, as well as operates as an advertisement agency. As of March 31, 2022, it operated 462 ladieswear retail outlets; 364 self-operated retail outlets; and 98 retail outlets operated by third party distributors. Bosideng International Holdings Limited was founded in 1976 and is based in Central, Hong Kong.

How the Company Makes Money

Bosideng generates revenue primarily through the sale of its branded apparel products, particularly down jackets, which constitute a significant portion of its offerings. The company employs a multi-channel distribution strategy, including direct sales through its extensive retail network, e-commerce platforms, and partnerships with various distributors and retailers. Key revenue streams include sales from its own retail stores, online sales through its official website and third-party platforms, and wholesale distribution to other retailers. Additionally, Bosideng has entered strategic partnerships and collaborations that enhance its brand visibility and expand its product offerings, further contributing to its earnings. The company's focus on high-quality products and innovative designs helps maintain strong consumer demand, driving revenue growth.

Bosideng International Holdings Financial Statement Overview

Summary

Bosideng International Holdings demonstrates strong financial health across all key metrics. The company shows impressive revenue and profit growth, solid balance sheet stability, and excellent cash flow generation, positioning it well for future growth and resilience in the apparel manufacturing industry.

Income Statement

The company exhibits strong revenue growth, with a 38.4% increase in the latest year. Gross and net profit margins have improved to 59.6% and 13.2%, respectively, showcasing enhanced profitability. The EBIT and EBITDA margins have also shown positive trends, indicating efficient operational management.

Balance Sheet

The balance sheet reflects a solid equity base with an equity ratio of 53.3%, suggesting financial stability. The debt-to-equity ratio is moderate at 0.23, indicating manageable leverage. Return on equity stands at 22.4%, demonstrating effective use of shareholder funds.

Cash Flow

Cash flow analysis reveals robust free cash flow growth of 166.5% YoY, supported by strong operating cash flow. The operating cash flow to net income ratio of 2.39 and free cash flow to net income ratio of 2.20 underscore the company's excellent cash generation capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	24.55B	25.90B	23.21B	16.77B	16.21B	13.52B
Gross Profit	14.49B	14.84B	13.83B	9.98B	9.74B	7.92B
EBITDA	5.42B	6.52B	5.95B	3.46B	3.09B	2.76B
Net Income	3.29B	3.51B	3.07B	2.14B	2.06B	1.71B
Balance Sheet
Total Assets	26.91B	27.40B	25.77B	20.94B	21.28B	18.96B
Cash, Cash Equivalents and Short-Term Investments	7.58B	11.61B	12.29B	9.68B	9.70B	8.40B
Total Debt	3.41B	1.86B	3.22B	3.16B	3.43B	2.91B
Total Liabilities	13.56B	10.37B	11.95B	8.34B	9.06B	7.71B
Stockholders Equity	13.25B	16.92B	13.74B	12.55B	12.19B	11.07B
Cash Flow
Free Cash Flow	3.55B	2.65B	6.78B	2.54B	2.09B	2.70B
Operating Cash Flow	4.22B	3.98B	7.34B	3.05B	2.67B	3.13B
Investing Cash Flow	-2.64B	-3.10B	-2.43B	616.56M	-685.84M	-3.86B
Financing Cash Flow	-2.78B	-2.94B	-2.38B	-2.49B	-1.23B	-1.09B

Bosideng International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.79
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3998, the sentiment is Positive. The current price of 4.79 is above the 20-day moving average (MA) of 4.50, above the 50-day MA of 4.51, and above the 200-day MA of 4.17, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 69.05 is Neutral, neither overbought nor oversold. The STOCH value of 87.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3998.

Bosideng International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3998	75 Outperform	$53.13B	13.58	22.98%	5.71%	10.50%	10.34%
Sector *	61 Neutral	$17.23B	11.50	-5.97%	3.09%	1.49%	-16.00%
SZHIF	―	$11.17B	12.76	18.17%	3.90%	―	―
5LX	―	€483.35M	6.67	10.67%	―	―	―
2232	81 Outperform	HK$17.43B	11.14	13.55%	4.23%	13.03%	22.23%
2368	72 Outperform	HK$2.30B	10.40	13.04%	7.50%	17.99%	-20.83%
2299	69 Neutral	HK$9.27B	11.46	7.06%	―	14.35%	107.03%

Bosideng International Holdings Corporate Events

Bosideng Announces Director’s Disclosure Following SPI Energy Winding-Up

Bosideng International Holdings Limited announced a change in the particulars of Dr. Ngai Wai Fung, an independent non-executive director of the company. This announcement follows the winding-up order issued against SPI Energy, a company where Dr. Ngai previously served as an independent director. The proceedings against SPI Energy do not involve Bosideng or its subsidiaries, but the event is disclosed as it occurred within 12 months of Dr. Ngai’s resignation from SPI Energy.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$5.10 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng Announces Key Resolutions for Upcoming AGM

Bosideng International Holdings Limited has announced its Annual General Meeting (AGM) scheduled for August 20, 2025, where shareholders will vote on several key resolutions. These include approving financial statements, declaring a final dividend, re-electing directors, and authorizing the board to manage share-related activities. The AGM decisions could significantly impact the company’s governance and shareholder value.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$5.10 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng Announces Final Dividend for FY 2025

Bosideng International Holdings Limited has announced a final ordinary cash dividend of HKD 0.22 per share for the financial year ending March 31, 2025. The dividend will be paid on September 12, 2025, following shareholder approval on August 20, 2025. This announcement reflects the company’s financial performance and commitment to returning value to its shareholders.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng International Holdings Sets Guidelines for Nomination Committee

Bosideng International Holdings Limited has outlined the terms of reference and modus operandi for its Nomination Committee, which is responsible for formulating nomination policies, reviewing board diversity, and assessing the independence of directors. The Committee will meet at least annually to ensure the board’s structure and composition align with the company’s corporate strategy and diversity objectives, impacting the company’s governance and strategic planning.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng International Holdings Sets Remuneration Committee Guidelines

Bosideng International Holdings Limited has outlined the terms of reference and modus operandi for its Remuneration Committee. The committee, consisting of at least three members with a majority being independent non-executive directors, is tasked with formulating and implementing the company’s remuneration policy. This includes setting guidelines for executive recruitment, determining remuneration packages, and assessing employee performance. The committee aims to ensure transparency and fairness in remuneration practices, aligning them with corporate goals and market standards.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng International Holdings Reports Strong Annual Financial Performance

Bosideng International Holdings Limited reported a revenue increase of 11.6% to approximately RMB25,901.7 million for the year ended March 31, 2025. Despite a decrease in gross profit margin by 2.3 percentage points, the company saw a 12.9% rise in profit from operations and a 14.3% increase in profit attributable to equity shareholders, highlighting strong financial performance. The board proposed a final dividend of HKD22.0 cents per ordinary share, reflecting confidence in future prospects.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng Strengthens Governance with Audit Committee Guidelines

Bosideng International Holdings Limited has outlined the terms of reference and modus operandi for its Audit Committee, emphasizing the importance of independent oversight and effective internal controls. The Committee, composed of non-executive directors, is tasked with ensuring financial reporting integrity, risk management, and compliance with regulations, thereby strengthening the company’s governance framework.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

Bosideng Schedules Board Meeting to Discuss Annual Results and Dividend

Bosideng International Holdings Limited has announced a Board meeting scheduled for June 26, 2025, to consider and approve the annual results for the year ending March 31, 2025. The meeting will also discuss the recommendation of a final dividend and other business matters, which could impact the company’s financial positioning and shareholder returns.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$6.40 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.