Zhejiang Busen Garments
Market Cap
CN¥1.2b
Last Updated
2021/01/21 09:29 UTC
Data Sources
Company Financials
Executive Summary
Zhejiang Busen Garments Co., Ltd. designs, manufactures, and distributes men’s wear, casual wear, and accessories in China and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with questionable track record.
Share Price & News
How has Zhejiang Busen Garments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 002569 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 002569's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-4.5%
2569
5.3%
CN Luxury
0.5%
CN Market
1 Year Return
-23.0%
2569
-6.2%
CN Luxury
25.8%
CN Market
Return vs Industry: 002569 underperformed the CN Luxury industry which returned -6.2% over the past year.
Return vs Market: 002569 underperformed the CN Market which returned 25.8% over the past year.
Shareholder returns
| 2569 | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.5% | 5.3% | 0.5% |
| 30 Day | -16.3% | -4.3% | 4.7% |
| 90 Day | -34.8% | -12.4% | 8.1% |
| 1 Year | -23.0%-23.0% | -4.2%-6.2% | 27.9%25.8% |
| 3 Year | -66.5%-66.5% | -24.1%-26.0% | 21.3%15.3% |
| 5 Year | -80.1%-80.1% | -30.1%-35.2% | 49.4%39.2% |
Long-Term Price Volatility Vs. Market
How volatile is Zhejiang Busen Garments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Zhejiang Busen Garments undervalued compared to its fair value and its price relative to the market?
169.84x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 002569 (CN¥8.7) is trading above our estimate of fair value (CN¥4.53)
Significantly Below Fair Value: 002569 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 002569 is poor value based on its PE Ratio (169.8x) compared to the CN Luxury industry average (26.2x).
PE vs Market: 002569 is poor value based on its PE Ratio (169.8x) compared to the CN market (35.4x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 002569's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 002569 is overvalued based on its PB Ratio (4.3x) compared to the CN Luxury industry average (1.9x).
Next Steps
Future Growth
How is Zhejiang Busen Garments forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
31.8%
Forecasted Consumer Durables industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Zhejiang Busen Garments has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine Zhejiang Busen Garments's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Explore growth companies in the Consumer Durables industry.
Past Performance
How has Zhejiang Busen Garments performed over the past 5 years?
-22.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 002569 has a large one-off gain of CN¥76.4M impacting its September 30 2020 financial results.
Growing Profit Margin: 002569 became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: 002569 has become profitable over the past 5 years, growing earnings by -22.5% per year.
Accelerating Growth: 002569 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 002569 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Luxury industry (-10.3%).
Return on Equity
High ROE: 002569's Return on Equity (2.1%) is considered low.
Next Steps
Financial Health
How is Zhejiang Busen Garments's financial position?
Financial Position Analysis
Short Term Liabilities: 002569's short term assets (CN¥221.7M) exceed its short term liabilities (CN¥195.1M).
Long Term Liabilities: 002569's short term assets (CN¥221.7M) exceed its long term liabilities (CN¥44.4M).
Debt to Equity History and Analysis
Debt Level: 002569 is debt free.
Reducing Debt: 002569 has no debt compared to 5 years ago when its debt to equity ratio was 32.8%.
Debt Coverage: 002569 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002569 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Zhejiang Busen Garments's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 002569's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 002569's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 002569's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 002569's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: 002569 is not paying a notable dividend for the CN market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 002569's dividend in 3 years as they are not forecast to pay a notable one for the CN market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Jian Chen (55 yo)
4.92yrs
Tenure
CN¥300,000
Compensation
Mr. Jian Fei Chen has been General Manager of Zhejiang Busen Garments Co., Ltd. since February 18, 2016. Mr. Chen served as Chairman of Zhejiang Busen Garments Co., Ltd. since June 2005 and holds EMBA.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| General Manager | 4.92yrs | CN¥300.00k | no data | |
| Chief Financial Officer | no data | CN¥126.70k | no data | |
| Deputy General Manager | 6.25yrs | CN¥190.00k | no data | |
| Acting Secretary | 4.92yrs | no data | no data |
4.9yrs
Average Tenure
50.5yo
Average Age
Experienced Management: 002569's management team is considered experienced (4.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 6.25yrs | CN¥60.00k | no data | |
| Independent Director | 6.25yrs | CN¥60.00k | no data | |
| Employee representative to the Supervisory Board | no data | no data | no data | |
| Non-Independent Director | 3yrs | no data | no data | |
| Non-Independent Director | 3yrs | CN¥127.00k | no data | |
| Non-Independent Director | 3yrs | no data | no data | |
| Non-Independent Director | 3yrs | no data | no data | |
| Independent Director | 3yrs | CN¥60.00k | no data | |
| Supervisor | 3yrs | no data | no data | |
| Non-Independent Director | 2.83yrs | no data | no data | |
| Non-Independent Director | 2.83yrs | no data | no data | |
| Director | no data | no data | no data |
3.0yrs
Average Tenure
42yo
Average Age
Experienced Board: 002569's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%.
Top Shareholders
Company Information
Zhejiang Busen Garments Co., Ltd.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zhejiang Busen Garments Co., Ltd.
- Ticker: 2569
- Exchange: SZSE
- Founded: 1985
- Industry: Apparel, Accessories and Luxury Goods
- Sector: Consumer Durables
- Market Cap: CN¥1.246b
- Shares outstanding: 144.21m
- Website: https://www.busen.cn
Number of Employees
Location
- Zhejiang Busen Garments Co., Ltd.
- 419 Busen Avenue
- Fengqiao Town
- Zhuji
- Zhejiang Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 2569 | SZSE (Shenzhen Stock Exchange) | Yes | Domestic Shares | CN | CNY | Apr 2011 |
Biography
Zhejiang Busen Garments Co., Ltd. designs, manufactures, and distributes men’s wear, casual wear, and accessories in China and internationally. The company’s products include suits, shirts, trousers, jacke...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 09:29 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.