EN DE

Bosideng International Holdings (3998) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$49.7B

BI Bosideng International Holdings 3998 · HK
PriceHK$4.69
Fair ValueHK$5.92
Upside+26.4%
Quality64/100
Watch Bosideng International Holdings for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Solidly profitable · 14.6% net margin
Low debt · generates free cash flow
6.56% dividend yield
Ranks above peers (11/15)
Wide moat 72/100
Evidence: High Range HK$3.86 – HK$7.47 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Share price −3.4% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (HK$3.86 to HK$7.47) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

HK$5.41 HK$2.50 Fair Value HK$5.92 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$2.50 – HK$5.41 · fair‑value band HK$3.86 – HK$7.47 · the HK$4.69 price screens below the HK$5.92 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bosideng International Holdings (3998) currently trades at HK$4.69, while our model-based Fair Value estimate is HK$5.92, implying the stock looks roughly 26.4% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Bosideng International Holdings generated revenue of HK$27.3B at a net margin of 14.6%. Revenue grew 7.7% year over year. It earns a return on equity of 22.8%. Net debt stands at HK$3.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$3.86 (bear case) to HK$7.47 (bull case); at HK$4.69, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 12% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -5% fair-value upside, at 26%, 3998 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF HK$3.20 HK$5.35 HK$8.99 80
Residual Income HK$2.07 HK$2.54 HK$7.03 76
Rev-Margin DCF HK$2.51 HK$4.00 HK$5.93 74
All 26 models by family
DCF Models
FCF DCF HK$3.21 HK$5.55 HK$9.60 38
Owner Earnings HK$4.43 HK$7.73 HK$13.46 31
5Y Revenue Exit HK$2.51 HK$4.03 HK$6.06 39
5Y EBITDA Exit HK$4.13 HK$7.35 HK$11.41 41
5Y P/E Exit HK$4.65 HK$8.42 HK$12.76 38
10Y Revenue Exit HK$2.66 HK$4.18 HK$6.45 36
10Y EBITDA Exit HK$3.79 HK$6.61 HK$10.91 37
10Y P/E Exit HK$4.14 HK$7.39 HK$12.04 35
Earnings-Based
Graham-Dodd HK$2.26 HK$10.32 HK$14.16 54
Lynch FV HK$2.71 HK$3.87 HK$5.03 50
PEG = 1.0 HK$2.71 HK$3.87 HK$5.03 46
EPV HK$2.94 HK$3.38 HK$3.76 59
Dividend Discount
Gordon GGM HK$2.09 HK$4.35 HK$6.90 70
DDM Multi-Stage HK$2.09 HK$3.67 HK$4.56 61
Multiples
P/E Multiple HK$5.47 HK$7.30 HK$9.12 63
P/S Multiple HK$2.04 HK$2.73 HK$3.41 58
P/B Multiple HK$4.23 HK$5.64 HK$7.05 55
EV/EBIT HK$5.82 HK$7.66 HK$9.50 53
EV/EBITDA HK$4.92 HK$6.47 HK$8.01 54
EV/Revenue HK$2.20 HK$3.02 HK$3.83 43
Asset-Based
NCAV (Graham) HK$0.7800 HK$1.05 HK$1.57 50
Growth DCF
Growth DCF HK$3.20 HK$5.35 HK$8.99 80
Rev-Margin DCF HK$2.51 HK$4.00 HK$5.93 74
Economic Profit
Residual Income HK$2.07 HK$2.54 HK$7.03 76
ROIC Compounder HK$3.29 HK$4.32 HK$5.64 72
Growth Earnings
Growth-Adj P/E HK$4.47 HK$6.38 HK$8.30 68

Widest divergence: DCF Models (HK$6.61) versus Asset-Based (HK$1.05). Highest evidence: Growth DCF (80).

Notify me when 3998 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) HK$27.3B
Revenue growth (YoY) +7.7%
Net margin 14.6%
Return on equity 22.8%
Free cash flow HK$2.7B FY2025
P/E ratio 11.0 as of Jul 2, 2026
More key figures
Operating margin 20.9%
EPS (TTM) HK$0.3100
Dividend yield 6.6%
EPS growth (YoY) +15.2%
Net debt HK$3.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 60

Profitability 75
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 73
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Bosideng International Holdings Limited engages in the apparel business in the People's Republic of China. It operates through four segments: Down Related Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels.

Full company description

Bosideng International Holdings Limited engages in the apparel business in the People's Republic of China. It operates through four segments: Down Related Apparels, OEM Management, Ladieswear Apparels, and Diversified Apparels. The company engages in the research, design, development, outsourced manufacturing, raw materials procurement, marketing, and distribution of down branded and brand authorization, and original equipment manufacturing products under the Bosideng, Snow Flying, Bengen, and other brands; ladies wear products under the JESSIE, BUOU BUOU, KOREANO, and KLOVA brands; and non-seasonal apparel products, including children's wear, as well as school uniforms under the Sameite brand. It also provides network consulting and e-business of down and non-down apparel; logistics and storage services; and operates as an advertisement agency. The company distributes its products through self-operated retail and retail outlets operated by third party distributors. Bosideng International Holdings Limited was founded in 1976 and is based in Central, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Bosideng International Holdings reported revenue of HK$26.4B in FY2026 versus HK$16.2B in FY2022, a compound +13.0%/yr. Reported net income was HK$3.9B in FY2026, compounding +16.9%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
HK$26.4B
Latest YoY
+1.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.9%
Revenue +13.0%/yr
FY22 HK$16.2B
FY23 HK$16.8B
FY24 HK$23.2B
FY25 HK$25.9B
FY26 HK$26.4B
Net income +16.9%/yr
FY22 HK$2.1B
FY23 HK$2.1B
FY24 HK$3.1B
FY25 HK$3.5B
FY26 HK$3.9B
Character of growth · EPS growth decomposed (2015-2026) +28.4 % p.a.
Revenue per share +12.6 pp

of which total revenue +16.6 pp · buybacks/dilution −4.0 pp

EBIT margin +11.2 pp
Tax rate +0.9 pp
Residual (interest, one-offs) +3.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

Watch 3998: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Bosideng International Holdings Fair Value". https://www.fairvalue-calculator.com/stock/3998

Peer Group

Apparel Manufacturing · 214 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 64 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 23% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 6.6% · Top 25%

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than 75% of peers
P/B 2.73× · Pricier than 75% of peers
P/S (TTM) 1.82× · Pricier than 75% of peers
P/FCF 2.4× · Pricier than median
EV/EBITDA 7.6× · Cheaper than median
PEG 2.18× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 69 · sector 33
FUTURE 39 · sector 5
PAST 91 · sector 21
HEALTH 100 · sector 98
DIVIDEND 100 · sector 50

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 174.25 kr 165.47 -5%
Ralph Lauren Corporation RL $396.35 $220.38 -44%
LPP SA LPP 22,220 PLN 17,754 PLN -20%
Youngor Fashion Co 600177 ¥7.78 ¥5.59 -28%
Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
F&F Co 383220 68,800 KRW 179,500 KRW +161%
Youngone Holdings 009970 188,300 KRW 697,038 KRW +270%
Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

Compare Bosideng International Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Bosideng International Holdings (3998) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$5.92 versus a price of HK$4.69, about +26% (undervalued).
What is the fair value of 3998?
Our model-based fair value for Bosideng International Holdings is HK$5.92 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$4.69.
What is the quality score of 3998?
Bosideng International Holdings has a Quality Score of 64/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Bosideng International Holdings (3998)?
Bosideng International Holdings reported trailing-twelve-month revenue of about HK$27.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 3998?
The net profit margin of Bosideng International Holdings is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
Does Bosideng International Holdings pay a dividend?
Bosideng International Holdings currently shows a dividend yield of about 6.56% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Bosideng International Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.