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Bosideng International Holdings
(3998)
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Rating:73Outperform
Price Target:
HK$4.50
â–²(0.90% Upside)
Action:Reiterated
Date:10/31/26
The score is driven primarily by strong fundamentals (robust growth, high margins, and solid cash generation), supported by attractive valuation (low P/E and high dividend yield). Offsetting these positives, technicals are weak with the stock trading below major moving averages and negative-to-soft momentum indicators; leverage also stepped up in the latest year, which is a key risk to monitor.
Positive Factors
Strong Revenue Growth
Revenue nearly doubled across the reported period, showing sustained expansion rather than dependence on a single short-term improvement. Continued top-line growth can support brand investment, broader distribution, and operating scale, strengthening Bosideng’s ability to compound earnings over the next several quarters.
Negative Factors
Higher Leverage
The significant year-on-year increase in debt reduces financial flexibility compared with the prior period, even though leverage is described as manageable. If profitability weakens, higher obligations could consume more cash, constrain investment choices, and increase pressure on future capital allocation.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue nearly doubled across the reported period, showing sustained expansion rather than dependence on a single short-term improvement. Continued top-line growth can support brand investment, broader distribution, and operating scale, strengthening Bosideng’s ability to compound earnings over the next several quarters.
Read all positive factors
Bosideng International Holdings (3998) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$48.69B
Dividend Yield7.48%
Average Volume (3M)25.45M
Price to Earnings (P/E)10.4
Beta (1Y)0.77
Revenue Growth8.08%
EPS Growth12.13%
CountryHK
Employees12,895
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.34
Shares Outstanding11,725,284,000
10 Day Avg. Volume15,808,876
30 Day Avg. Volume25,447,253
Financial Highlights & Ratios
PEG Ratio3.41
Price to Book (P/B)2.23
Price to Sales (P/S)1.54
P/FCF Ratio7.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$5.41Price Target Upside21.36% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$29.15B
Bosideng International Holdings Business Overview & Revenue Model
Company Description
Bosideng International Holdings Limited engages in the apparel business in the People’s Republic of China. It operates through four segments: Down Related Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels. The company engages...
How the Company Makes Money
Bosideng makes money mainly by selling branded apparel—especially down jackets and other down-related clothing—under its brand portfolio. Revenue is generated through (1) direct-to-consumer retail sales via self-operated stores and online channels...
Bosideng International Holdings Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
80
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 26.39B | 25.90B | 23.21B | 16.77B | 16.21B |
| Gross Profit | 15.04B | 14.84B | 13.83B | 9.98B | 9.74B |
| EBITDA | 6.04B | 6.52B | 5.95B | 4.02B | 3.09B |
| Net Income | 3.85B | 3.51B | 3.07B | 2.14B | 2.06B |
Balance Sheet | |||||
| Total Assets | 29.39B | 27.40B | 25.77B | 20.94B | 21.28B |
| Cash, Cash Equivalents and Short-Term Investments | 14.95B | 11.61B | 12.29B | 9.68B | 9.70B |
| Total Debt | 6.35B | 1.86B | 3.22B | 3.16B | 3.43B |
| Total Liabilities | 11.02B | 10.37B | 11.95B | 8.34B | 9.06B |
| Stockholders Equity | 18.20B | 16.92B | 13.74B | 12.55B | 12.19B |
Cash Flow | |||||
| Free Cash Flow | 5.42B | 2.65B | 6.78B | 2.54B | 2.09B |
| Operating Cash Flow | 6.34B | 3.98B | 7.34B | 3.05B | 2.67B |
| Investing Cash Flow | -4.45B | -3.10B | -2.43B | 616.56M | -685.84M |
| Financing Cash Flow | -3.06B | -2.94B | -2.38B | -2.49B | -1.23B |
Bosideng International Holdings Technical Analysis
Negative
4.46
Price Trends
4.24
Negative
4.27
Negative
4.22
Negative
Market Momentum
-0.01
Positive
41.51
Neutral
14.40
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3998, the sentiment is Negative. The current price of 4.46 is above the 20-day moving average (MA) of 4.20, above the 50-day MA of 4.24, and above the 200-day MA of 4.22, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 41.51 is Neutral, neither overbought nor oversold. The STOCH value of 14.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3998.
Bosideng International Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$21.97B | 11.88 | 14.47% | 5.52% | 4.21% | 9.77% | |
80 Outperform | HK$11.32B | 9.85 | 36.49% | 6.06% | 12.46% | 13.93% | |
73 Outperform | HK$48.69B | 10.44 | 22.96% | 7.48% | 8.08% | 12.13% | |
71 Outperform | HK$3.13B | 5.55 | 11.18% | 9.85% | 20.57% | 16.02% | |
62 Neutral | HK$57.57B | 10.80 | 12.10% | 5.43% | 1.86% | -27.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$1.40B | -7.80 | -1.65% | 17.39% | 4.14% | -180.84% |
* Consumer Cyclical Sector Average
HK:3998
Bosideng International Holdings
4.19
-0.26
-5.83%
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Bosideng International Holdings Corporate Events
Bosideng Wins Strong Shareholder Backing for Dividend, Board and Capital Mandates at AGM
Aug 20, 2026
Bosideng International Holdings reported that all resolutions at its 20 August 2026 annual general meeting were approved by shareholders by poll, covering its latest financial statements, a final dividend of HKD25.0 cents per share, the re-electio...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.