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Bosideng International Holdings
(3998)
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Rating:80Outperform
Price Target:
HK$5.50
â–²(23.32% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by strong financial fundamentals (solid growth and sustained high margins) and supportive valuation (reasonable P/E with a high dividend yield). The main offsets are the sharp increase in leverage in the latest year and limited momentum indicator data beyond moving averages.
Positive Factors
Consistent multi-year revenue growth
The company roughly doubled revenue over five years, evidencing durable demand and successful scaling of distribution and retail channels. Sustained top-line expansion supports operating leverage, funds reinvestment in product and channels, and underpins long-term competitive positioning in down apparel.
Negative Factors
Rising leverage in latest year
The material step-up in debt increases financial risk and reduces balance sheet flexibility. If margins or cash flow weaken, higher leverage elevates interest burden and constrains discretionary spending on marketing, store expansion or product investment, raising refinancing and covenant sensitivity risks.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent multi-year revenue growth
The company roughly doubled revenue over five years, evidencing durable demand and successful scaling of distribution and retail channels. Sustained top-line expansion supports operating leverage, funds reinvestment in product and channels, and underpins long-term competitive positioning in down apparel.
Read all positive factors
Bosideng International Holdings (3998) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$50.67B
Dividend Yield7.17%
Average Volume (3M)21.49M
Price to Earnings (P/E)11.0
Beta (1Y)0.71
Revenue Growth8.08%
EPS Growth12.13%
CountryHK
Employees12,895
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)0.34
Shares Outstanding11,725,064,000
10 Day Avg. Volume20,470,821
30 Day Avg. Volume21,485,350
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$5.53Price Target Upside23.95% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.37
Revenue Forecast (FY)HK$29.18B
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 | 5.99B | 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
Neutral
4.46
Price Trends
4.48
Negative
4.24
Positive
4.27
Positive
Market Momentum
-0.02
Negative
48.10
Neutral
42.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3998, the sentiment is Neutral. The current price of 4.46 is above the 20-day moving average (MA) of 4.38, below the 50-day MA of 4.48, and above the 200-day MA of 4.27, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 48.10 is Neutral, neither overbought nor oversold. The STOCH value of 42.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$19.21B | 10.31 | 14.47% | 6.37% | 4.21% | 9.77% | |
80 Outperform | HK$50.67B | 10.96 | 22.96% | 7.17% | 8.08% | 12.13% | |
80 Outperform | HK$10.77B | 9.50 | 36.49% | 6.86% | 12.46% | 13.93% | |
71 Outperform | HK$3.44B | 6.16 | 11.18% | 11.15% | 20.57% | 16.02% | |
62 Neutral | HK$1.53B | -11.44 | -1.22% | 15.92% | 4.14% | -180.84% | |
62 Neutral | HK$53.00B | 10.21 | 12.10% | 5.78% | 1.86% | -27.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
HK:3998
Bosideng International Holdings
4.37
0.12
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Bosideng International Holdings Corporate Events
Bosideng Sets AGM to Approve Dividend and Renew Share Issuance Mandate
Jul 27, 2026
Bosideng International Holdings has called its annual general meeting for August 20, 2026 in Hong Kong, where shareholders will vote on approving the group’s financial statements for the year ended March 31, 2026 and a proposed final dividen...
Bosideng Declares HKD 0.25 Final Dividend for FY2026
Jun 25, 2026
Bosideng International Holdings has declared a final ordinary dividend of HKD 0.25 per share for the financial year ended 31 March 2026, reinforcing its commitment to returning cash to shareholders. The payout, subject to shareholder approval on 2...
Bosideng Sets June 25 Board Meeting to Approve Annual Results and Dividend Proposal
Jun 10, 2026
Bosideng International Holdings has scheduled a board meeting for June 25, 2026, to review and approve the annual results for the year ended March 31, 2026, and to consider recommending a final dividend. The planned meeting signals an upcoming dis...
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.