Bosideng International Holdings (3998) AI Stock Analysis

• Market Cap: $51.06B
• Dividend Yield: 1.49%
• Average Volume (3M): 21.00M
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.54
• Revenue Growth: 32.49%
• EPS Growth: 37.50%
• Country: HK
• Employees: 13,082
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Manufacturers
• EPS (TTM): 0.23
• Shares Outstanding: 11,563,688,000
• 10 Day Avg. Volume: 18,294,099
• 30 Day Avg. Volume: 21,002,030
• PEG Ratio: 1.86
• Price to Book (P/B): 3.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 13.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $5.49
• Price Target Upside: 23.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 8

• Rating: 80 Outperform
• Price Target: ―

Bosideng International Holdings exhibits strong financial performance with robust revenue and profit growth, solid balance sheet stability, and excellent cash flow generation. The technical analysis supports a positive momentum, while the valuation is attractive with a reasonable P/E ratio and a strong dividend yield. These factors contribute to the company's favorable stock assessment, resulting in an overall score of 80.

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 International Holdings makes money primarily through the sale of its branded down apparel and other clothing products. The company's revenue streams include retail sales from its extensive network of physical stores, e-commerce platforms, and wholesale operations. Bosideng has established significant partnerships with online marketplaces and department stores, enhancing its market reach and brand visibility. The company's strategic focus on innovative design, quality materials, and effective marketing campaigns contribute to its strong earnings potential. Additionally, Bosideng capitalizes on seasonal demand for down jackets, particularly during winter months, which significantly boosts its revenue.

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	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	23.21B	16.77B	16.21B	13.52B	12.19B
Gross Profit	13.83B	9.98B	9.74B	7.92B	6.71B
EBITDA	5.95B	3.46B	3.09B	2.76B	2.03B
Net Income	3.07B	2.14B	2.06B	1.71B	1.20B
Balance Sheet
Total Assets	25.77B	20.94B	21.28B	18.96B	17.38B
Cash, Cash Equivalents and Short-Term Investments	12.29B	9.68B	9.70B	8.40B	7.66B
Total Debt	3.22B	3.16B	3.43B	2.91B	3.22B
Total Liabilities	11.95B	8.34B	9.06B	7.71B	6.98B
Stockholders Equity	13.74B	12.55B	12.19B	11.07B	10.21B
Cash Flow
Free Cash Flow	6.78B	2.54B	2.09B	2.70B	511.38M
Operating Cash Flow	7.34B	3.05B	2.67B	3.13B	1.23B
Investing Cash Flow	-2.43B	616.56M	-685.84M	-3.86B	619.93M
Financing Cash Flow	-2.38B	-2.49B	-1.23B	-1.09B	-7.63M

Bosideng International Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.45
• 50DMA: Negative
• 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 4.45 is above the 20-day moving average (MA) of 4.42, below the 50-day MA of 4.49, and above the 200-day MA of 4.19, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 51.61 is Neutral, neither overbought nor oversold. The STOCH value of 86.32 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	80 Outperform	$51.06B	13.02	22.98%	1.49%	32.49%	37.50%
Sector *	67 Neutral	¥269.51B	13.47	6.45%	2.58%	5.22%	-11.97%
SZHIF	―	$11.41B	13.19	18.17%	0.50%	―	―
5LX	―	€497.62M	6.06	11.40%	4.16%	―	―
2232	81 Outperform	HK$16.46B	10.39	13.55%	1.33%	13.03%	22.23%
2299	73 Outperform	HK$9.48B	11.72	7.06%	―	14.35%	107.03%
2368	63 Neutral	HK$2.23B	9.85	13.04%	7.73%	12.67%	-25.28%

Bosideng International Holdings Corporate Events

Bosideng Secures Shareholder Approval for Strategic Resolutions

Bosideng International Holdings Limited announced the successful passage of a resolution at its extraordinary general meeting held on March 27, 2025. The resolution, approved unanimously by shareholders, involves the proposed annual caps for the next three years and the renewal of transactions under a new agreement. This decision is expected to impact the company’s operational strategies and strengthen its market position.