BOSIDENG INTERNATIONAL HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.8 HKD | -0.41% |
|
+4.80% | +36.75% |
| 2023 | Bosideng International Slashes Conversion Price of Convertible Bonds Due 2024 | MT |
| 2023 | Bosideng International Holdings' Fiscal H1 Profit Rises | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 20,248 | 19,342 | 37,616 | 39,513 | 47,444 | 52,309 | - | - |
| Enterprise Value (EV) 1 | 20,105 | 18,887 | 38,221 | 39,549 | 46,845 | 50,883 | 49,945 | 48,533 |
| P/E ratio | 18.4 x | 15 x | 18.5 x | 16.6 x | 21 x | 17.5 x | 14.8 x | 12.9 x |
| Yield | 4.73% | 5.25% | 4.63% | 5.76% | 4.44% | 4.76% | 5.6% | 6.44% |
| Capitalization / Revenue | 1.72 x | 1.44 x | 2.32 x | 2.08 x | 2.62 x | 2.29 x | 1.99 x | 1.76 x |
| EV / Revenue | 1.71 x | 1.41 x | 2.36 x | 2.08 x | 2.58 x | 2.23 x | 1.9 x | 1.64 x |
| EV / EBITDA | 11.1 x | 8.87 x | 11.7 x | 9.64 x | 11.1 x | 10.7 x | 9.1 x | 7.89 x |
| EV / FCF | 14.8 x | 32.8 x | 11.8 x | 16.3 x | 16.9 x | 13 x | 13.9 x | 12.6 x |
| FCF Yield | 6.78% | 3.04% | 8.48% | 6.14% | 5.93% | 7.7% | 7.19% | 7.91% |
| Price to Book | 1.8 x | 1.73 x | 2.82 x | 2.76 x | 3.5 x | 3.65 x | 3.44 x | 3.23 x |
| Nbr of stocks (in thousands) | 10,545,906 | 10,627,210 | 10,747,352 | 10,795,789 | 10,831,985 | 10,897,683 | - | - |
| Reference price 2 | 1.920 | 1.820 | 3.500 | 3.660 | 4.380 | 4.800 | 4.800 | 4.800 |
| Announcement Date | 6/26/19 | 6/23/20 | 6/23/21 | 6/23/22 | 6/28/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,786 | 13,387 | 16,197 | 19,001 | 18,122 | 22,836 | 26,242 | 29,673 |
| EBITDA 1 | 1,813 | 2,130 | 3,260 | 4,104 | 4,207 | 4,745 | 5,490 | 6,150 |
| EBIT 1 | 1,556 | 1,756 | 2,666 | 3,010 | 3,053 | 3,956 | 4,627 | 5,307 |
| Operating Margin | 13.2% | 13.11% | 16.46% | 15.84% | 16.85% | 17.32% | 17.63% | 17.88% |
| Earnings before Tax (EBT) 1 | 1,583 | 1,757 | 2,687 | 3,132 | 3,119 | 4,051 | 4,764 | 5,507 |
| Net income 1 | 1,114 | 1,321 | 2,049 | 2,417 | 2,310 | 3,026 | 3,550 | 4,089 |
| Net margin | 9.45% | 9.87% | 12.65% | 12.72% | 12.75% | 13.25% | 13.53% | 13.78% |
| EPS 2 | 0.1041 | 0.1215 | 0.1890 | 0.2201 | 0.2084 | 0.2746 | 0.3236 | 0.3722 |
| Free Cash Flow 1 | 1,362 | 575.1 | 3,241 | 2,428 | 2,776 | 3,919 | 3,593 | 3,841 |
| FCF margin | 11.56% | 4.3% | 20.01% | 12.78% | 15.32% | 17.16% | 13.69% | 12.94% |
| FCF Conversion (EBITDA) | 75.16% | 27% | 99.44% | 59.18% | 66% | 82.6% | 65.44% | 62.46% |
| FCF Conversion (Net income) | 122.32% | 43.52% | 158.22% | 100.48% | 120.16% | 129.52% | 101.19% | 93.94% |
| Dividend per Share 2 | 0.0908 | 0.0955 | 0.1619 | 0.2109 | 0.1945 | 0.2284 | 0.2689 | 0.3092 |
| Announcement Date | 6/26/19 | 6/23/20 | 6/23/21 | 6/23/22 | 6/28/23 | - | - | - |
1HKD in Million2HKD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,936 | 8,515 | 5,494 | 10,612 | 6,580 | 6,750 | 11,445 | 8,160 | 15,566 |
| EBITDA | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 531.5 | 1,231 | 785.5 | 1,869 | 973.1 | 1,032 | 2,032 | 1,224 | 2,774 |
| Operating Margin | 10.77% | 14.46% | 14.3% | 17.61% | 14.79% | 15.29% | 17.76% | 15% | 17.82% |
| Earnings before Tax (EBT) 1 | 541 | 1,223 | 763.5 | 1,912 | 1,006 | - | 2,031 | - | 2,756 |
| Net income 1 | 381.3 | 945 | 572.9 | 1,466 | 779.5 | 802 | 1,517 | - | 2,116 |
| Net margin | 7.72% | 11.1% | 10.43% | 13.82% | 11.85% | 11.88% | 13.26% | - | 13.59% |
| EPS | - | - | - | - | - | 0.0736 | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/28/19 | 6/23/20 | 11/26/20 | 6/23/21 | 11/25/21 | 11/24/22 | 6/28/23 | 11/27/23 | - |
1HKD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 606 | 36.3 | - | - | - | - |
| Net Cash position 1 | 144 | 454 | - | - | 599 | 1,426 | 2,364 | 3,776 |
| Leverage (Debt/EBITDA) | - | - | 0.1858 x | 0.008849 x | - | - | - | - |
| Free Cash Flow 1 | 1,362 | 575 | 3,241 | 2,428 | 2,776 | 3,919 | 3,593 | 3,841 |
| ROE (net income / shareholders' equity) | 10.1% | 12% | 16.1% | 17.7% | 18% | 21.3% | 23.4% | 25.7% |
| ROA (Net income/ Total Assets) | 6.65% | 7.41% | 9.41% | 10.3% | 10.5% | 12.5% | 13.5% | 14.5% |
| Assets 1 | 16,756 | 17,824 | 21,770 | 23,579 | 21,907 | 24,242 | 26,217 | 28,288 |
| Book Value Per Share 2 | 1.070 | 1.050 | 1.240 | 1.330 | 1.250 | 1.310 | 1.400 | 1.490 |
| Cash Flow per Share 2 | 0.1600 | 0.1000 | 0.3300 | 0.2700 | 0.2900 | 0.3300 | 0.3900 | 0.4000 |
| Capex 1 | 354 | 790 | 525 | 669 | 555 | 638 | 712 | 728 |
| Capex / Sales | 3% | 5.9% | 3.24% | 3.52% | 3.06% | 2.79% | 2.71% | 2.45% |
| Announcement Date | 6/26/19 | 6/23/20 | 6/23/21 | 6/23/22 | 6/28/23 | - | - | - |
1HKD in Million2HKD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
4.8
HKD
Average target price
5.001
HKD
Spread / Average Target
+4.19%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +36.75% | 6.74B | |
| +4.70% | 423B | |
| +3.18% | 145B | |
| -36.70% | 41.18B | |
| +9.05% | 18.5B | |
| +15.67% | 10.67B | |
| +32.07% | 8.69B | |
| +10.53% | 7.67B | |
| -6.72% | 6.46B | |
| +24.12% | 5.19B |
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