Zhejiang Busen Garments Co Ltd (002569) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Zhejiang Busen Garments Co Ltd ¥6.37, price ¥12.06, upside -47.2%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range ¥4.25 – ¥17.64 · fair‑value band ¥5.03 – ¥7.11 · the ¥12.06 price screens above the ¥6.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Zhejiang Busen Garments Co., Ltd., together with its subsidiaries, designs, produces, and sells men's brand clothing in China and internationally. The company offers labor protective clothing, apparel, knitwear, and leather products through online and offline distribution, and direct and sales.
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Zhejiang Busen Garments Co., Ltd., together with its subsidiaries, designs, produces, and sells men's brand clothing in China and internationally. The company offers labor protective clothing, apparel, knitwear, and leather products through online and offline distribution, and direct and sales. It also provides technology promotion and application, and software and information technology services. The company was founded in 2005 and is headquartered in Hangzhou, China.
Stock analysis
Zhejiang Busen Garments Co Ltd (002569) currently trades at ¥12.06, while our model-based Fair Value estimate is ¥6.37, 47.2% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥1.02 per share, and 0 of the 22 models we run sit above the ¥12.06 price.
Bear case: the Growth DCF group reads lowest at ¥0.7100, and 22 of the 22 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥5.03 (bear) to ¥7.11 (bull), the price of ¥12.06 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Zhejiang Busen Garments Co Ltd reported revenue of 140M CNY in FY2025 versus 279M CNY in FY2021, a compound −15.8%/yr. Reported net income was 8.7M CNY in FY2025, compounding −28.2%/yr from FY2021.
Key figures
Market cap 1.7B CNY (≈ $259M) · P/E ratio 301.5 · P/S ratio 18.7 · EPS (TTM) ¥0.0400 · Net margin 6.2% · Return on equity 20.5% · Return on assets (EBIT) −13.1% · Operating margin −17.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at −47%, 002569 screens richer than that median.
Fair Value models
Bear ¥5.03Fair Value ¥6.37Bull ¥7.11
Price ¥12.06 · Upside -47.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0305 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.3%
Start year 2020 (pandemic). Over 10 years: −10.0% a year
Revenue growth 18 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.2% vs −0.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−63% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 11.8%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Zhejiang Busen Garments Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Apparel Manufacturing · 217 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−47.2% · Bottom 25%
Profitability
Return on equity (TTM)20.5% · Top 25%
Return on assets3.9% · Above median
Net margin (TTM)3.4% · Below median
Operating margin (TTM)−17.8% · Bottom 25%
Growth and dividend
Revenue growth110.6% · Top 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (TTM)301.5× · Priciest 25%
P/B39.58× · Priciest 25%
P/S (TTM)10.28× · Priciest 25%
P/FCF409.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)100· sector 19
PAST (return on equity)82· sector 22
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 64
VALUE 0: the price sits above our fair-value range.
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). "Zhejiang Busen Garments Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002569
Frequently asked questions
Is Zhejiang Busen Garments Co Ltd (002569) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ¥6.37 versus a price of ¥12.06, about −47% upside (overvalued).
What is the fair value of 002569?
Our model-based fair value for Zhejiang Busen Garments Co Ltd is ¥6.37 (as of Oct 4, 2026), built from audited fundamentals. The current price: ¥12.06.
What is the quality score of 002569?
Zhejiang Busen Garments Co Ltd has a Quality Score of 58/100. 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 price target for Zhejiang Busen Garments Co Ltd (002569)?
Our model-based price target is the fair value of ¥6.37 (as of Oct 4, 2026) from 22 valuation models. Cautious scenario ¥5.03, optimistic scenario ¥7.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Busen Garments Co Ltd stock forecast for 2026?
Our models put fair value at ¥6.37, about −47% upside versus a price of ¥12.06 (overvalued). Cautious scenario ¥5.03, optimistic scenario ¥7.11. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Busen Garments Co Ltd (002569)?
Zhejiang Busen Garments Co Ltd reported trailing-twelve-month revenue of about 169M CNY (latest available figure, as of Oct 4, 2026).
What growth is priced into Zhejiang Busen Garments Co Ltd (002569)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Busen Garments Co Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -11.3 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of 002569 use?
Our models discount Zhejiang Busen Garments Co Ltd at 11.9 %: a base by market capitalisation (micro), damped by beta 0.20, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Busen Garments Co Ltd that is more than 80 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Zhejiang Busen Garments Co Ltd (002569) delivered so far?
Over the past 5 years revenue at Zhejiang Busen Garments Co Ltd grew -11.3 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Busen Garments Co Ltd (002569) growing?
The median revenue growth in the sector is +4.1 % a year. That is the yardstick for the growth priced into Zhejiang Busen Garments Co Ltd (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Busen Garments Co Ltd (002569)?
The free-cash-flow yield on the price is 0.24 %: that much free cash flow Zhejiang Busen Garments Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Busen Garments Co Ltd (002569)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Busen Garments Co Ltd it is ¥6.37 per share (as of Oct 4, 2026), against a price of ¥12.06. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Busen Garments Co Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, 002569 trades above its calculated fair value: price ¥12.06, fair value ¥6.37, a gap of about −47% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002569?
No. The price is what the market pays today (¥12.06); the fair value is what the company's own numbers justify (¥6.37). For Zhejiang Busen Garments Co Ltd the two are ¥5.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Busen Garments Co Ltd worth?
The market values Zhejiang Busen Garments Co Ltd at about 1.7B CNY (market capitalisation, as of Oct 4, 2026). Per share that is ¥12.06; our models calculate a fair value of ¥6.37 per share.
What do the bullish and bearish scenarios say about 002569?
Our models span a range for Zhejiang Busen Garments Co Ltd: cautious scenario ¥5.03, base ¥6.37, optimistic ¥7.11 per share (as of Oct 4, 2026, price ¥12.06). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002569?
Zhejiang Busen Garments Co Ltd trades at a price-to-earnings ratio of 301.5 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥6.37 is built from several models across several years. Other multiples: P/B 39.6, P/S 10.3.
How solid is the balance sheet of Zhejiang Busen Garments Co Ltd (002569)?
Balance-sheet figures for Zhejiang Busen Garments Co Ltd (as of Oct 4, 2026): return on equity 20.5%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 002569 from its 52-week high?
Zhejiang Busen Garments Co Ltd trades at ¥12.06, about 32% below its 52-week high of ¥17.64 and 33% above the low of ¥9.08 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥6.37 is for.
Which stocks are comparable to Zhejiang Busen Garments Co Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Busen Garments Co Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price ¥12.06, calculated fair value ¥6.37 (−47%), Quality Score 58/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002569 calculated?
We run Zhejiang Busen Garments Co Ltd through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥6.37, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.0 % above its aggregate fair value. Zhejiang Busen Garments Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Busen Garments Co Ltd (002569)?
The closing price on Sep 30, 2026 was ¥12.06. Our model-based fair value is ¥6.37, about −47% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Busen Garments Co Ltd right now?
The price sits above even our optimistic bull case (¥7.11). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Zhejiang Busen Garments Co Ltd
How large is the market capitalisation of Zhejiang Busen Garments Co Ltd (002569)?
The market capitalisation of Zhejiang Busen Garments Co Ltd is 1.7B CNY (≈ $259M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhejiang Busen Garments Co Ltd (002569)?
The price-to-sales ratio of Zhejiang Busen Garments Co Ltd is 18.7 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Busen Garments Co Ltd (002569)?
Earnings per share at Zhejiang Busen Garments Co Ltd are ¥0.0400 (price ÷ EPS = P/E 301.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zhejiang Busen Garments Co Ltd (002569)?
The net margin of Zhejiang Busen Garments Co Ltd is 6.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Busen Garments Co Ltd (002569)?
The return on equity (ROE) of Zhejiang Busen Garments Co Ltd is 20.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Busen Garments Co Ltd (002569)?
On an EBIT basis the return on assets of Zhejiang Busen Garments Co Ltd is −13.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Busen Garments Co Ltd (002569)?
The operating margin of Zhejiang Busen Garments Co Ltd is −17.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Busen Garments Co Ltd (002569)?
Revenue at Zhejiang Busen Garments Co Ltd is growing +111% versus a year earlier (3y avg −3.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Zhejiang Busen Garments Co Ltd (002569) carry?
The net debt of Zhejiang Busen Garments Co Ltd is 635K CNY (fiscal year 2024, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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