SZSE:002569

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Zhejiang Busen Garments

Executive Summary

Zhejiang Busen Garments Co., Ltd. designs, manufactures, and distributes men’s wear, casual wear, and accessories in China and internationally. More Details


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

2569IndustryMarket
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

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

NamePositionTenureCompensationOwnership
Jian Chen
General Manager4.92yrsCN¥300.00kno data
Jian Jun Yuan
Chief Financial Officerno dataCN¥126.70kno data
Gang Wang
Deputy General Manager6.25yrsCN¥190.00kno data
Lian Li
Acting Secretary4.92yrsno datano 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

NamePositionTenureCompensationOwnership
Xing Ye
Independent Director6.25yrsCN¥60.00kno data
Ming Bo Lin
Independent Director6.25yrsCN¥60.00kno data
Xia Ying Zhao
Employee representative to the Supervisory Board no datano datano data
Chunxia Zhao
Non-Independent Director3yrsno datano data
Xue Feng
Non-Independent Director3yrsCN¥127.00kno data
Liang Bai
Non-Independent Director3yrsno datano data
Shaoyong Hu
Non-Independent Director3yrsno datano data
Baoshan Tao
Independent Director3yrsCN¥60.00kno data
Yan Liu
Supervisor3yrsno datano data
Hong Su
Non-Independent Director2.83yrsno datano data
Xin Li
Non-Independent Director2.83yrsno datano data
Fan Meng
Directorno datano datano 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2569SZSE (Shenzhen Stock Exchange)YesDomestic SharesCNCNYApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 09:29
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.