Bosideng International Holdings (3998) AI Stock Analysis

• Market Cap: $55.62B
• Dividend Yield: 5.88%
• Average Volume (3M): 16.53M
• Price to Earnings (P/E): 14.1
• Beta (1Y): 0.55
• Revenue Growth: 10.50%
• EPS Growth: 10.34%
• Country: HK
• Employees: 13,082
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.23
• Shares Outstanding: 11,629,753,000
• 10 Day Avg. Volume: 18,826,543
• 30 Day Avg. Volume: 16,528,993
• 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: 0.72
• Enterprise Value/Revenue: 1.54
• Enterprise Value/Gross Profit: 2.69
• Enterprise Value/Ebitda: 6.11
• 1Y Price Target: $5.21
• Price Target Upside: 7.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: HK$5.50 ▲(13.64% Upside)

Bosideng International Holdings scores well due to its strong financial performance and attractive valuation. The company's robust revenue growth, profitability, and solid balance sheet are significant strengths. Technical indicators show positive momentum, although the RSI suggests caution as it approaches overbought levels. The lack of earnings call data and corporate events does not impact the score significantly.

Bosideng International Holdings Business Overview & Revenue Model

Company Description

Bosideng International Holdings Limited (3998) is a leading apparel company based in China, primarily known for its high-quality down apparel products. Established in 1976, Bosideng focuses on designing, manufacturing, and retailing a wide range of clothing items, including down jackets, casual wear, and accessories. The company operates through various segments, including branded products, which primarily feature its own Bosideng brand, as well as other sub-brands catering to different market segments. With a significant presence both domestically and internationally, Bosideng aims to capitalize on the growing demand for premium outerwear and expand its market reach.

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 exhibits strong financial health with robust revenue growth and profitability, supported by a solid balance sheet. However, the decline in free cash flow growth is a potential risk that needs addressing. Overall, the company is well-positioned in the apparel manufacturing industry, with efficient operations and prudent financial management.

Income Statement

Bosideng International Holdings has demonstrated strong revenue growth with a 5.52% increase in the latest year, alongside healthy gross and net profit margins of 57.29% and 13.57%, respectively. The EBIT and EBITDA margins are also robust at 20.44% and 25.18%, indicating efficient operational management. The consistent growth trajectory and profitability metrics highlight the company's strong market position and operational efficiency.

Balance Sheet

The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.11, reflecting prudent financial management. The return on equity is impressive at 20.77%, showcasing effective use of shareholder funds. The equity ratio of 61.76% indicates a strong capital structure, though the slight decrease in equity ratio over time suggests a need for careful monitoring of asset growth relative to equity.

Cash Flow

While the operating cash flow remains strong, the free cash flow has decreased by 25.33%, which could be a concern if it continues. The operating cash flow to net income ratio of 1.13 suggests good cash conversion, but the decline in free cash flow growth requires attention. The free cash flow to net income ratio of 0.67 indicates a moderate level of cash generation relative to profits.

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

Bosideng International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.84
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 4.84 is above the 20-day moving average (MA) of 4.68, above the 50-day MA of 4.62, and above the 200-day MA of 4.17, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 58.91 is Neutral, neither overbought nor oversold. The STOCH value of 43.48 is Neutral, 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	78 Outperform	$55.62B	14.14	22.98%	5.88%	10.50%	10.34%
2313	78 Outperform	$99.36B	14.19	18.24%	4.02%	15.93%	20.70%
2299	72 Outperform	HK$10.06B	11.70	7.26%	―	-6.79%	66.07%
2232	71 Outperform	HK$19.88B	11.89	14.24%	5.85%	14.76%	23.04%
1234	69 Neutral	€4.07B	8.91	10.67%	8.24%	3.23%	-21.82%
2368	63 Neutral	HK$2.08B	9.41	13.04%	7.30%	17.99%	-20.83%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Bosideng International Holdings Corporate Events

Bosideng Denies Acquisition Rumors of Canada Goose

Bosideng International Holdings Limited has issued a clarification announcement regarding recent media reports about a potential acquisition of Canada Goose Holdings Inc. The company has stated that these reports are untrue and advises shareholders and potential investors not to rely on market rumors. Instead, they should refer to official announcements published on the Hong Kong Stock Exchange website. This announcement aims to prevent misinformation and ensure transparency with stakeholders.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$5.00 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 Successfully Passes AGM Resolutions

Bosideng International Holdings Limited announced the successful passing of all proposed resolutions during its Annual General Meeting held on August 20, 2025. Key resolutions included the approval of financial statements, declaration of a final dividend, re-election of directors, and granting of mandates related to shares and remuneration. The resolutions were passed with overwhelming support, indicating strong shareholder confidence and setting a positive tone for the company’s future operations.

The most recent analyst rating on (HK:3998) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on Bosideng International Holdings stock, see the HK:3998 Stock Forecast page.

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.