रैंकिंग पर वापस जाएं

Bosideng International Holdings Limited (BSDGY)

Undervalued
Consumer CyclicalApparel ManufacturingHong Kong

Fundamental

84

मूल्य

$4.01

मार्केट कैप

$46.77B

भाग 1 · कंपनी का मूल्य कितना है

अवलोकन

Bosideng designs, sources and sells down-filled winter jackets in China under its namesake brand, which it states has led the Chinese down-apparel market by sales volume for 25 consecutive years. It does not own the factories that sew most of its garments: it designs the products and manages outside manufacturers, then sells through its own retail stores, department-store counters and e-commerce. Alongside its core down-jacket brand, it makes smaller apparel lines and manufactures garments for other brands on an outsourced basis.

यह पैसा कैसे कमाती है

Revenue is heavily seasonal, concentrated in the cold months when consumers buy winter jackets, and comes overwhelmingly from selling branded down apparel at retail rather than from its smaller OEM manufacturing-for-others business. A smaller ladieswear line and a diversified-apparel business round out the mix but remain minor. Because the core product is weather-dependent and mostly sold within China, results are sensitive both to how cold a given winter is and to Chinese consumer spending more broadly.

सेगमेंट के अनुसार राजस्व

Branded down apparel83.7%

Down-filled jackets sold under the Bosideng and related in-house brands, the company's core and by far largest business.

OEM management13%

Garments manufactured for other apparel brands on an outsourced basis rather than sold under Bosideng's own name.

Ladieswear2.5%

Women's apparel sold under separate in-house brands, distinct from the core down-jacket business.

Diversified apparel0.8%

Smaller apparel lines outside down jackets and womenswear, the smallest reported segment.

प्रतिस्पर्धी बढ़त (Moat)

ब्रांड · संकीर्ण

Bosideng states it has led the Chinese down-apparel market by sales volume for 25 consecutive years, a long-run brand position built through decades of marketing and retail presence that a new entrant could not quickly replicate. The advantage is narrower outside China, however, where the brand has little recognition and the company depends heavily on a single, seasonal domestic product category.

मांग को क्या चलाता है

चक्रीय

Demand is driven by winter weather and Chinese consumer discretionary spending: a mild winter or a weak Chinese consumer directly reduces how many jackets shoppers buy, since down apparel is a seasonal, semi-discretionary purchase rather than a year-round necessity. The OEM manufacturing business adds a second layer of cyclicality tied to overseas brands' own order volumes and tariff exposure.

खरीदने के पक्ष में तर्क

Buyers argue that Bosideng's 25-year leadership of the Chinese down-apparel market by volume, combined with revenue and profit growth in FY2024/25, shows a brand strong enough to keep taking share in a market it already dominates.

बेचने के पक्ष में तर्क

Sellers worry that the business depends heavily on China's domestic consumer and on cold winters, that its smaller OEM segment faces tariff and geopolitical headwinds, and that its overseas footprint remains too small to diversify away from a single seasonal product category in a single country.

वित्त वर्ष 2025 के सेगमेंट आंकड़ेस्रोत: Bosideng reports record revenue of $3.6BBosideng International: Revenue up 5.6% and net profit up 13.7%, led by strong down apparel growth

Written by the editors, published on 18 अगस्त 2026

Direct competitors

Who this company fights with for the same customers

Generated on 18 सितंबर 2026 with claude-haiku-4-5 — shared with all users

Yaya (鸭鸭)Not tracked

China's oldest domestic down-jacket brand, it fights Bosideng for the mass-market Chinese buyer at roughly 500 yuan a coat and leads the women's down category online.

Gaofan (高梵)Not tracked

Repositioned as a premium goose-down brand at 1,500-2,000 yuan, it targets exactly the mid-to-high-end Chinese customer Bosideng has been trying to win since its own upmarket shift.

Yalu (雅鹿)Not tracked

A long-established Chinese down-apparel brand revived through Douyin and other online channels, competing with Bosideng's value lines on price in the same domestic winter-coat market.

Canada Goose Holdings Inc.GOOS

The reference luxury down-parka brand in China's premium tier, it takes the aspirational buyer Bosideng aims at with its Dengfeng high-end line and its stake in Moose Knuckles.

Moncler S.p.A.MONC

The Italian luxury down-jacket house is among the foreign brands that own the top end of the Chinese outerwear market Bosideng is trying to enter.

Fast Retailing Co., Ltd. (ファーストリテイリング)9983

Through Uniqlo's Ultra Light Down, sold across hundreds of Chinese stores, it competes with Bosideng's core and value brands for the everyday winter-coat purchase.

बैलेंस शीट और तरलता

राजस्व

$27.06B

अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित

शुद्ध आय

$3.97B

अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित

Free Cash Flow

$4.77B

कुल इक्विटी

$21.37B

कुल देनदारियाँ

$1.67B

Current Ratio

2.11

Interest Coverage

-

Debt/EBITDA

0.27

Earnings Per Share

राजस्व और शुद्ध आय

Free Cash Flow

आय विवरण

ऐतिहासिक विवरण

समय के साथ मार्जिन

समय के साथ ऋण

ऋण कितना भारी है

वृद्धि तालिका

वृद्धि — राजस्व

Fair Value अनुमान

सामान्य मामलाकम मूल्यांकित

Fair Value

$7.83

वर्तमान मूल्य

$4.01

Margin of Safety

+48.8%

Fair Value सीमा

$5.09 - $10.57

इस्तेमाल किए गए valuation methods के बीच का फैलाव, कोई सांख्यिकीय रूप से calibrated confidence interval नहीं।

अनुमान विधियाँ

विश्लेषकों का लक्ष्य मूल्य:$5.44
डिस्काउंटेड कैश फ्लो (DCF):$14.18
आय गुणक (P/E):$3.58
Graham वृद्धि फॉर्मूला:$15.47
अर्निंग पावर वैल्यू (EPV):$3.80
उचित P/B:$5.65
लाभांश डिस्काउंट (Gordon):$5.11
P/FFO, परिचालन से प्राप्त निधि:इसकी गणना के लिए पर्याप्त डेटा नहीं
मध्य-चक्र आय:इसकी गणना के लिए पर्याप्त डेटा नहीं
राजस्व गुणक:$3.98
विश्लेषक सहमति:दृढ़ खरीदें (25B / 1H / 0S)
अंतिम Earnings सरप्राइज़:+4.43%

मूल्यांकन मेट्रिक्स

P/E Ratio

11.76

ROE

22.8%

P/B Ratio

2.57

P/FCF

9.80

Gross Margin

57.2%

ROIC

19.6%

लाभप्रदता Radar

मूल्य सृजन (प्रतिस्पर्धी बढ़त)

ROIC

19.6%

WACC

9.0%

ROIC − WACC

+10.5 pp

ROIC पूंजी की लागत से अधिक है — कंपनी शेयरधारकों के लिए मूल्य सृजित कर रही है।

Fundamental विश्लेषण मानदंड

पास (17)

  • Price CAGR 19.43%
  • ROIC 19.6%
  • Gross Margin 57.2%
  • P/FCF 9.80
  • P/B Ratio 2.57
  • Debt/Equity ratio
  • Operating Margin 19.4%
  • Positive Free Cash Flow
  • Current Ratio
  • Debt/EBITDA
  • DCF valuation (Undervalued)
  • ROE 23.3%
  • Revenue Growth 5Y 15.1%
  • Analyst Consensus 96% Buy
  • PEG Ratio 0.56
  • Earnings Quality (OCF/NI) 1.40
  • Net Margin Trend 14.6% vs 13.6%

फेल (4)

  • CapEx intensity
  • Price below Graham Number
  • Earnings Surprise avg 2.5%
  • Piotroski F-Score 2/9

अनुपलब्ध (6)

  • EPS data insufficient
  • Dividend Payout NaN%
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

गंभीर वित्तीय चिंताएं

score
criteria

Earnings गुणवत्ता

1.40

उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित

शेयर Dilution

-

शेयर वापस खरीद रही है। शेयरधारक अनुकूल

संस्थागत होल्डिंग

इस कंपनी के लिए कोई संस्थागत घोषणा उपलब्ध नहीं है।

प्रशासन

कार्यकारी टीम

नामपदआयु
Mr. Dekang GaoFounder, Chairman & CEO73
Ms. Dong MeiExecutive President & Executive Director57
Mr. Jinsong RuiSenior VP & Executive Director53
Ms. Qiaolian HuangVP & Executive Director60
Mr. Xiaodong GaoVP & Executive Director49
Ms. Wu JueGroup Chief Financial Officer41
Mr. Lei ZhangVP & Group CHRO46
Ms. Shuang LiangCompany Secretary36

Audit जोखिम

6

बोर्ड जोखिम

8

मुआवजा जोखिम

9

शेयरधारक अधिकार जोखिम

9

भाग 2 · कीमत और खरीदने का समय

यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।

Latest News

Recent headlines for BSDGY, sourced from Markets Gazette.

No recent news for BSDGY.
Disclaimer

यह प्लेटफ़ॉर्म केवल शैक्षिक उद्देश्यों के लिए है। यह कोई वित्तीय, निवेश, या ट्रेडिंग सलाह नहीं देता। सभी स्कोर, मूल्यांकन, और संकेत सार्वजनिक रूप से उपलब्ध डेटा के स्वचालित विश्लेषण पर आधारित हैं जो अधूरे या गलत हो सकते हैं। निवेश निर्णय लेने से पहले हमेशा अपना शोध करें और एक योग्य वित्तीय सलाहकार से परामर्श लें।

निर्मित द्वारा CODEPRESS s.r.l.