Bosideng International Holdings Limited

SEHK:3998 Stock Report

Market Cap: HK$42.3b

Bosideng International Holdings Valuation

Is 3998 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 3998 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3998 (HK$3.85) is trading below our estimate of fair value (HK$5.93)

Significantly Below Fair Value: 3998 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3998?

Other financial metrics that can be useful for relative valuation.

3998 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA6x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does 3998's PE Ratio compare to its peers?

The above table shows the PE ratio for 3998 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
2331 Li Ning
10.7x9.9%HK$37.0b
1910 Samsonite International
9.3x5.7%HK$29.5b
2313 Shenzhou International Group Holdings
20.8x14.0%HK$101.8b
1913 Prada
23.4x10.9%HK$140.7b
3998 Bosideng International Holdings
12.8x12.8%HK$42.5b

Price-To-Earnings vs Peers: 3998 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (16.1x).


Price to Earnings Ratio vs Industry

How does 3998's PE Ratio compare vs other companies in the HK Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a12.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 3998 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the Hong Kong Luxury industry average (10.1x).


Price to Earnings Ratio vs Fair Ratio

What is 3998's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

3998 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio11.9x

Price-To-Earnings vs Fair Ratio: 3998 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (11.9x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 3998 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$3.85
HK$5.58
+44.8%
8.6%HK$6.60HK$4.30n/a15
Jul ’25HK$4.87
HK$5.52
+13.4%
9.2%HK$6.60HK$4.30n/a16
Jun ’25HK$4.52
HK$5.05
+11.6%
11.5%HK$6.40HK$4.00n/a16
May ’25HK$4.53
HK$4.96
+9.5%
9.8%HK$5.70HK$4.00n/a15
Apr ’25HK$3.91
HK$4.40
+12.6%
11.0%HK$5.48HK$3.50n/a15
Mar ’25HK$3.97
HK$4.40
+10.9%
11.0%HK$5.48HK$3.50n/a15
Feb ’25HK$3.58
HK$4.38
+22.4%
11.8%HK$5.48HK$3.40n/a15
Jan ’25HK$3.51
HK$4.18
+19.1%
9.9%HK$4.70HK$3.40n/a14
Dec ’24HK$3.28
HK$4.25
+29.4%
10.6%HK$4.90HK$3.40n/a14
Nov ’24HK$3.06
HK$4.44
+45.0%
12.6%HK$5.30HK$3.30n/a13
Oct ’24HK$3.37
HK$4.44
+31.7%
12.6%HK$5.30HK$3.30n/a13
Sep ’24HK$3.08
HK$4.44
+44.1%
12.6%HK$5.30HK$3.30n/a13
Aug ’24HK$3.51
HK$4.44
+26.4%
12.6%HK$5.30HK$3.30n/a13
Jul ’24HK$3.30
HK$4.58
+38.6%
14.4%HK$5.70HK$3.30HK$4.8713
Jun ’24HK$3.31
HK$4.99
+50.6%
12.9%HK$6.00HK$3.70HK$4.5212
May ’24HK$3.86
HK$4.99
+29.2%
12.9%HK$6.00HK$3.70HK$4.5312
Apr ’24HK$4.38
HK$4.99
+13.8%
12.9%HK$6.00HK$3.70HK$3.9112
Mar ’24HK$4.48
HK$5.00
+11.5%
12.4%HK$6.00HK$3.70HK$3.9713
Feb ’24HK$4.48
HK$4.85
+8.1%
13.6%HK$6.00HK$3.70HK$3.5812
Jan ’24HK$3.71
HK$4.82
+29.9%
16.4%HK$6.66HK$3.70HK$3.5112
Dec ’23HK$3.91
HK$4.82
+23.3%
16.4%HK$6.66HK$3.70HK$3.2812
Nov ’23HK$3.58
HK$5.54
+54.7%
13.3%HK$7.00HK$4.30HK$3.0612
Oct ’23HK$3.89
HK$5.54
+42.4%
13.3%HK$7.00HK$4.30HK$3.3712
Sep ’23HK$4.05
HK$5.58
+37.9%
13.1%HK$7.00HK$4.30HK$3.0811
Aug ’23HK$4.64
HK$5.58
+20.3%
13.1%HK$7.00HK$4.30HK$3.5111
Jul ’23HK$4.87
HK$5.45
+11.9%
10.6%HK$6.66HK$4.30HK$3.3011

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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