Baozun 대차대조표 건전성
재무 건전성 기준 점검 6/6
Baozun 의 총 주주 지분은 CN¥5.5B 이고 총 부채는 CN¥1.2B, 이는 부채 대 자기자본 비율을 21.9% 로 가져옵니다. 총자산과 총부채는 각각 CN¥9.8B 및 CN¥4.4B 입니다. Baozun 의 EBIT는 CN¥66.3M 이며 이자보상배율은 -2.9 입니다. CN¥2.9B 의 현금 및 단기 투자금을 보유하고 있습니다.
핵심 정보
21.94%
부채/자본 비율
CN¥1.20b
부채
| 이자보상배율 | -2.9x |
| 현금 | CN¥2.85b |
| 자본 | CN¥5.48b |
| 총부채 | CN¥4.37b |
| 총자산 | CN¥9.85b |
최근 재무 건전성 업데이트
업데이트 없음
Recent updates
내러티브 업데이트 • Jun 26
BZUN: Higher Expected Profitability Will Support Future Market Repricing Potential
Analysts have reduced their price target for Baozun to about $6.09 from roughly $6.93, citing slightly higher assumed discount rates, more measured revenue growth expectations, a modestly better profit margin outlook, and a lower future P/E multiple in their updated models. What’s in the News for Baozun Baozun has scheduled a board meeting for May 20, 2026, to consider approving unaudited financial results for the first quarter ended March 31, 2026.Seeking Alpha • Jun 11
Baozun: Positive Read-Throughs From Insider Trades
Summary I maintain a 'Buy' rating for Baozun Inc., as recent insider buying sends a clear signal about management’s confidence in the company. Baozun's outlook is favorable, considering the high-margin BBM division's strong growth, the BEC unit's profitability turnaround, and AI-driven cost efficiencies. BZUN trades at undemanding forward P/S and P/E multiples of 0.10x and 5.2x, respectively. Read the full article on Seeking Alpha내러티브 업데이트 • Apr 08
BZUN: Higher Modeled Profitability Will Support Future Repricing Potential
Analysts have raised their price target for Baozun by about $0.02, reflecting updated views that include higher modeled revenue growth, a slightly stronger profit margin, and a lower assumed future P/E multiple. Analyst Commentary Bullish analysts interpreting the latest price target adjustment for Baozun highlight the updated assumptions as a sign of confidence in the company’s ability to balance growth, profitability, and valuation discipline.내러티브 업데이트 • Mar 25
BZUN: Consistent Execution On Profitability Will Support Future Repricing Potential
Analysts have trimmed their Baozun price target to $6.91. This reflects slightly adjusted assumptions for revenue growth, profit margins and future P/E multiples in their updated models.내러티브 업데이트 • Mar 11
BZUN: Improved Margin Outlook Will Support Future Repricing Potential
Analysts have adjusted their price target on Baozun to $6.91, reflecting updated assumptions that include slightly higher revenue growth, a modest improvement in profit margins, and a small change to the future P/E outlook. Valuation Changes Fair Value: Maintained at $6.91, with no change in the underlying model output.내러티브 업데이트 • Feb 25
BZUN: Higher Margin Outlook Will Drive Repricing Potential
Analysts have inched their Baozun price target higher, with updated fair value now pointing a bit above $6.90 as they factor in slightly stronger revenue growth, a modestly higher profit margin outlook, and a small adjustment to future P/E assumptions. Valuation Changes Fair Value: Updated slightly to $6.91 from $6.87, reflecting a small adjustment in the modelled estimate.내러티브 업데이트 • Feb 10
BZUN: Cleaner Execution And Lower Risk Perception Will Drive Repricing
Analysts have modestly lifted their Baozun fair value estimate from US$6.75 to US$6.87, citing updated assumptions around revenue growth, profit margins and a slightly lower discount rate as reasons for the change. Analyst Commentary Bullish analysts point to recent positive moves in related China internet names as a useful reference point when thinking about Baozun's potential.내러티브 업데이트 • Jan 25
BZUN: Cleaner Execution And Higher Future P/E Will Drive Repricing
Analysts have trimmed their price target on Baozun, citing more cautious assumptions for revenue growth and profit margins, along with a higher future P/E multiple in their updated model. Analyst Commentary Bullish analysts are using recent adjustments on peers in the broader China internet and services space as a reference point when they look at Baozun, especially where they see improving demand visibility and a willingness to assign higher P/E multiples to companies with cleaner execution stories.
내러티브 업데이트 • Jan 11
BZUN: Future Returns Will Depend On Balancing Demand Shifts And Earnings Durability
Analysts have raised their price target on Baozun, citing updated expectations for revenue growth, profit margins and future P/E multiples that they believe better align the stock with current sector peers, though they have not provided a specific US$ value for the new target in the sources referenced here. Analyst Commentary Bearish analysts looking at Baozun are not drawing direct conclusions from the Kanzhun target change itself, but they are using similar valuation questions to frame their concerns.내러티브 업데이트 • Dec 26
BZUN: Future Performance Will Hinge On Converting Demand Into Durable Earnings
Analysts have modestly lowered their price target on Baozun, trimming their fair value estimate to roughly $2.70 from about $3.02 per share. They are factoring in a slightly higher discount rate despite improving expectations for revenue growth and profit margins, similar to how they recently adjusted targets for peers following signs of strengthening underlying demand.내러티브 업데이트 • Dec 12
BZUN: Margin Expansion And Service Mix Shift Will Drive Repricing
Analysts have raised their price target on Baozun to approximately $6.75 from about $6.00, reflecting greater confidence in the company's accelerating revenue growth, improving profit margins, and slightly higher justified valuation multiples. Analyst Commentary Bullish analysts view the recent price target increase for Baozun as a signal that the market is beginning to recognize the company’s improving execution and more visible growth trajectory.분석 기사 • Nov 28
Earnings Update: Baozun Inc. (NASDAQ:BZUN) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts
Shareholders might have noticed that Baozun Inc. ( NASDAQ:BZUN ) filed its quarterly result this time last week. The...분석 기사 • Oct 18
Revenues Working Against Baozun Inc.'s (NASDAQ:BZUN) Share Price Following 28% Dive
Baozun Inc. ( NASDAQ:BZUN ) shares have retraced a considerable 28% in the last month, reversing a fair amount of their...분석 기사 • May 20
Baozun Inc.'s (NASDAQ:BZUN) Shares Bounce 49% But Its Business Still Trails The Industry
Those holding Baozun Inc. ( NASDAQ:BZUN ) shares would be relieved that the share price has rebounded 49% in the last...
새로운 내러티브 • May 10
Douyin, WeChat, And RedNote Expansion Will Unlock Future Potential
Expansion into emerging channels and improved digital marketing strategies are expected to drive revenue growth and positively impact net margins.분석 기사 • Apr 05
The Market Doesn't Like What It Sees From Baozun Inc.'s (NASDAQ:BZUN) Revenues Yet As Shares Tumble 26%
Baozun Inc. ( NASDAQ:BZUN ) shares have had a horrible month, losing 26% after a relatively good period beforehand. The...Seeking Alpha • Mar 30
Baozun: Decent Buy Opportunity After The Correction
Summary I maintain a buy rating on BZUN with a 1-year price target of $3.38, presenting over 16% upside from the current price of $2.9. Baozun's fundamentals are improving, with revenue growth, net margin, and operating cash flow all expanding YoY, signaling potential undervaluation post-correction. The omnichannel store operation strategy is key to driving growth, with significant gains in apparel and sportswear categories, despite a weak consumer environment in China. Risks include weak consumption trends and low consumer confidence in China, but BZUN's strategic execution and undervaluation present a compelling investment opportunity. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
Baozun: Riding The E-Commerce Wave, But China's Shore Is Shallow
Summary Baozun's revenue and EPS were in line, with strong growth in product sales and e-commerce solutions, driven by Douyin and Tencent. Despite growth, Baozun's reliance on China's weak consumption and maturing e-commerce landscape poses significant risks. Baozun's unprofitability, inefficient cost structure, and lack of global growth potential further undermine its long-term value. We recommend avoiding Baozun due to its fundamental weaknesses and focus on China, preferring companies with global growth potential like PDD, Miniso, and Meituan. Read the full article on Seeking Alpha분석 기사 • Jan 15
Benign Growth For Baozun Inc. (NASDAQ:BZUN) Underpins Stock's 26% Plummet
Baozun Inc. ( NASDAQ:BZUN ) shares have had a horrible month, losing 26% after a relatively good period beforehand...분석 기사 • Nov 12
Baozun Inc.'s (NASDAQ:BZUN) 27% Dip In Price Shows Sentiment Is Matching Revenues
The Baozun Inc. ( NASDAQ:BZUN ) share price has softened a substantial 27% over the previous 30 days, handing back much...분석 기사 • Sep 27
Baozun Inc.'s (NASDAQ:BZUN) Price Is Right But Growth Is Lacking After Shares Rocket 29%
The Baozun Inc. ( NASDAQ:BZUN ) share price has done very well over the last month, posting an excellent gain of 29...Seeking Alpha • Sep 03
Baozun: Key Valuation Metrics Are Attractive
Summary BZUN achieved better-than-expected top line and operating losses in Q2 2024, and this has favorable read-throughs for the company's future financial performance. Baozun has spent $4.9 million on share buybacks in 2024 year-to-date, following the initiation of a new share repurchase plan in late-January this year. BZUN boasts a potential 5.6% buyback yield for this year and a 6.3 times consensus forward one-year normalized P/E, and the stock deserves a Buy rating considering these attractive metrics. Read the full article on Seeking Alpha분석 기사 • Aug 30
Baozun Inc. (NASDAQ:BZUN) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
It's been a good week for Baozun Inc. ( NASDAQ:BZUN ) shareholders, because the company has just released its latest...분석 기사 • May 31
Here's What Analysts Are Forecasting For Baozun Inc. (NASDAQ:BZUN) After Its First-Quarter Results
Investors in Baozun Inc. ( NASDAQ:BZUN ) had a good week, as its shares rose 2.6% to close at US$2.78 following the...분석 기사 • May 14
Baozun Inc.'s (NASDAQ:BZUN) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
The Baozun Inc. ( NASDAQ:BZUN ) share price has done very well over the last month, posting an excellent gain of 30...Seeking Alpha • Apr 25
Is Baozun's Risky Leap Into Brand Management Starting To Pay Off?
Summary Baozun’s revenues rose 5% last year following its acquisition of Gap China, which represented 14% of total annual sales. Product sales from the company’s older e-commerce business fell by 21% last year, while e-commerce services revenue also slumped by 5%. Baozun’s current price-to-sales ratio of 0.13 looks quite depressed compared to domestic competitor Weimob, which trades at 1.38. Read the full article on Seeking AlphaSeeking Alpha • Apr 09
Baozun: Looking Forward To A Better 2024
Summary Baozun is now attractively valued based on the Enterprise Value-to-Revenue metric; its shares have previously taken a beating due to below-expectations Q4 2023 earnings. But BZUN is expected to register better results this year, thanks to profitability improvement initiatives for its brand management segment and a new brand introduction for its e-commerce segment. Negatives related to its poor fourth quarter performance have already been priced in, and a good financial performance for 2024 might serve as a positive catalyst for Baozun. Read the full article on Seeking Alpha분석 기사 • Mar 18
Estimating The Intrinsic Value Of Baozun Inc. (NASDAQ:BZUN)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Baozun fair value estimate is US$2.92 Current share price of...Seeking Alpha • Jan 26
Baozun: New Buyback Plan And Gap China's Outlook In The Limelight
Summary Baozun Inc.'s new $20 million share repurchase plan was well received by the market, as evidenced by its +17.3% stock price surge on January 24, 2024. Baozun's Gap China business, which was acquired in January last year, is expected to improve its gross margin in FY 2024 and turn profitable in FY 2025. I keep my Buy rating for Baozun unchanged in view of its new share repurchase program and the financial prospects for its Gap China business. Read the full article on Seeking Alpha분석 기사 • Jan 06
Baozun Inc.'s (NASDAQ:BZUN) Low P/S No Reason For Excitement
Baozun Inc.'s ( NASDAQ:BZUN ) price-to-sales (or "P/S") ratio of 0.1x might make it look like a buy right now compared...분석 기사 • Aug 20
A Look At The Fair Value Of Baozun Inc. (NASDAQ:BZUN)
Key Insights Baozun's estimated fair value is US$3.52 based on 2 Stage Free Cash Flow to Equity Current share price of...재무 상태 분석
단기부채: BZUN 의 단기 자산 ( CN¥7.0B )이 단기 부채( CN¥3.8B ).
장기 부채: BZUN의 단기 자산(CN¥7.0B)이 장기 부채(CN¥531.0M)를 초과합니다.
부채/자본 비율 추이 및 분석
부채 수준: BZUN 총 부채보다 더 많은 현금을 보유하고 있습니다.
부채 감소: BZUN의 부채 대비 자본 비율은 지난 5년 동안 28.8%에서 21.9%로 감소했습니다.
대차대조표
현금 보유 기간 분석
과거에 평균적으로 손실을 기록해 온 기업의 경우, 최소 1년 이상의 현금 보유 기간이 있는지 평가합니다.
안정적인 현금 활주로: 수익성이 없는 BZUN 현재의 플러스 무료 현금 흐름 수준을 유지한다면 3년 이상 충분한 현금 활주로를 보유하고 있습니다.
예측 현금 활주로: BZUN 은(는) 수익성이 없지만 잉여 현금 흐름이 긍정적이고 매년 4.2 %씩 성장하기 때문에 3년 이상 충분한 현금 활주로를 보유하고 있습니다.
건전한 기업 찾아보기
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/06/26 15:49 |
| 종가 | 2026/06/26 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
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| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
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| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.
분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 세부 정보는 당사의 Github 페이지에서 확인하실 수 있으며, 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.
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산업 및 섹터 지표
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분석가 소스
Baozun Inc.는 19명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| Lixin Ju | BofA Global Research |
| Qingpu Yang | Citic Securities Co., Ltd. |
| Alicia Yap | Citigroup Inc |