Bosideng International Holdings Limited (BSDGY)
POSITIVEFundamental
84
मूल्य
$4.48
मार्केट कैप
$51.79B
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
Down-filled jackets sold under the Bosideng and related in-house brands, the company's core and by far largest business.
Garments manufactured for other apparel brands on an outsourced basis rather than sold under Bosideng's own name.
Women's apparel sold under separate in-house brands, distinct from the core down-jacket business.
Smaller apparel lines outside down jackets and womenswear, the smallest reported segment.
प्रतिस्पर्धी बढ़त (Moat)
ब्रांड · संकीर्णBosideng 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
चक्रीयDemand 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.
Written by the editors, published on 18 अगस्त 2026
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बैलेंस शीट और तरलता
राजस्व
$27.46B
अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित
शुद्ध आय
$4.02B
अंतिम प्रकाशित तिमाही तक के पिछले 12 महीने — प्रति शेयर मेट्रिक्स से अनुमानित
Free Cash Flow
$4.77B
कुल इक्विटी
$21.36B
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
Fair Value
$7.93
वर्तमान मूल्य
$4.48
Margin of Safety
+43.5%
Fair Value सीमा
$5.16 - $10.71
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
12.90
ROE
22.8%
P/B Ratio
2.84
P/FCF
10.85
Gross Margin
57.2%
ROIC
19.6%
लाभप्रदता Radar
Value Creation (Economic Moat)
ROIC
19.6%
WACC
9.0%
ROIC − WACC
+10.6 pp
ROIC exceeds the cost of capital — the company is creating value for shareholders.
Fundamental विश्लेषण मानदंड
पास (17)
- Price CAGR 21.20%
- ROIC 19.6%
- Gross Margin 57.2%
- P/FCF 10.85
- P/B Ratio 2.84
- 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 0.65
- 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
गंभीर वित्तीय चिंताएं
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Mr. Dekang Gao | Founder, Chairman & CEO | 73 |
| Ms. Dong Mei | Executive President & Executive Director | 57 |
| Mr. Jinsong Rui | Senior VP & Executive Director | 53 |
| Ms. Qiaolian Huang | VP & Executive Director | 60 |
| Mr. Xiaodong Gao | VP & Executive Director | 49 |
Audit जोखिम
6
बोर्ड जोखिम
8
मुआवजा जोखिम
10
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.