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BIEM.L.FDLKK Garment Co (002832) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 12.5B CNY

BL BIEM.L.FDLKK Garment Co 002832 · SHE
Price¥24.62
Fair Value¥21.23
Upside-13.8%
Quality58/100
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Expensive Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
3.32% dividend yield
Mixed vs. peers (7/14)
Wide moat 65/100
Evidence: High Range ¥12.09 – ¥26.54 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +19.6% over the past month.

A solid business, but screening 14% overvalued on our models.

What matters now

  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥12.09 to ¥26.54) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥32.43 ¥13.49 Fair Value ¥21.23 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥13.49 – ¥32.43 · fair‑value band ¥12.09 – ¥26.54 · the ¥24.62 price screens above the ¥21.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

BIEM.L.FDLKK Garment Co (002832) currently trades at ¥24.62, while our model-based Fair Value estimate is ¥21.23, implying the stock looks roughly 13.8% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, BIEM.L.FDLKK Garment Co generated revenue of 4.6B CNY at a net margin of 13.3%. Revenue grew 18.4% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of 906M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥12.09 (bear case) to ¥26.54 (bull case); at ¥24.62, 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 near its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at -14%, 002832 screens richer 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥3.92 ¥5.99 ¥9.80 80
Residual Income ¥8.37 ¥9.32 ¥14.55 76
Rev-Margin DCF ¥7.18 ¥12.99 ¥21.41 74
All 26 models by family
DCF Models
FCF DCF ¥3.99 ¥5.58 ¥9.83 38
Owner Earnings ¥11.28 ¥22.12 ¥43.94 31
5Y Revenue Exit ¥7.18 ¥13.06 ¥22.69 39
5Y EBITDA Exit ¥14.72 ¥29.85 ¥52.92 41
5Y P/E Exit ¥13.43 ¥27.73 ¥45.98 38
10Y Revenue Exit ¥5.95 ¥11.69 ¥20.68 36
10Y EBITDA Exit ¥11.43 ¥25.19 ¥50.47 37
10Y P/E Exit ¥10.53 ¥22.89 ¥44.00 35
Earnings-Based
Graham-Dodd ¥6.56 ¥42.17 ¥58.97 54
Lynch FV ¥12.23 ¥17.47 ¥22.70 50
PEG = 1.0 ¥12.23 ¥17.47 ¥22.70 46
EPV ¥11.00 ¥12.51 ¥13.84 59
Dividend Discount
Gordon GGM ¥4.77 ¥9.93 ¥15.75 70
DDM Multi-Stage ¥4.77 ¥8.37 ¥10.42 61
Multiples
P/E Multiple ¥15.92 ¥21.23 ¥26.54 63
P/S Multiple ¥6.80 ¥9.07 ¥11.34 58
P/B Multiple ¥12.30 ¥16.40 ¥20.50 55
EV/EBIT ¥18.72 ¥24.32 ¥29.93 53
EV/EBITDA ¥19.71 ¥25.65 ¥31.58 54
EV/Revenue ¥8.27 ¥10.99 ¥13.71 43
Asset-Based
NCAV (Graham) ¥4.71 ¥6.31 ¥9.42 50
Growth DCF
Growth DCF ¥3.92 ¥5.99 ¥9.80 80
Rev-Margin DCF ¥7.18 ¥12.99 ¥21.41 74
Economic Profit
Residual Income ¥8.37 ¥9.32 ¥14.55 76
ROIC Compounder ¥12.18 ¥17.07 ¥20.91 72
Growth Earnings
Growth-Adj P/E ¥17.63 ¥25.19 ¥32.74 68

Widest divergence: Growth Earnings (¥25.19) versus Growth DCF (¥5.99). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 4.6B CNY
Revenue growth (YoY) +18.4%
Net margin 13.3%
Return on equity 10.9%
Free cash flow 79.0M CNY FY2025
P/E ratio 20.7
More key figures
Operating margin 31.2%
EPS (TTM) ¥1.06
Dividend yield 3.3%
EPS growth (YoY) +17.2%
Net cash 906M CNY FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 94

Profitability 53
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 97
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 80
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

BIEM.L.FDLKK Garment Co.,Ltd. engages in the design, development, and sale of apparel products in China. The company offers golf and holiday travel clothing under the Biyinlefen and Venice brands. It operates through stores and digital retail channels. The company was incorporated in 2003 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

BIEM.L.FDLKK Garment Co reported revenue of ¥4.3B in FY2025 versus ¥2.7B in FY2021, a compound +12.2%/yr. Reported net income was ¥551M in FY2025, compounding −3.1%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.3B CNY
Latest YoY
+7.7%
Avg. growth/yr (3Y)
+14.4%
Avg. growth/yr (5Y)
+13.4%
Avg. growth/yr (14Y)
+20.9%
Revenue +12.2%/yr
FY21 ¥2.7B
FY22 ¥2.9B
FY23 ¥3.5B
FY24 ¥4.0B
FY25 ¥4.3B
Net income −3.1%/yr
FY21 ¥625M
FY22 ¥728M
FY23 ¥911M
FY24 ¥781M
FY25 ¥551M

002832 screens 14% overvalued. Compare with H & M Hennes & Mauritz AB →

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Cite: Fair Value Calculator (2026). "BIEM.L.FDLKK Garment Co Fair Value". https://www.fairvalue-calculator.com/stock/002832

Peer Group

Apparel Manufacturing · 212 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 58 · Above median
Fair Value upside −14% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 3.3% · Above median
Debt / equity 0.05× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 20.7× · Pricier than median
P/B 2.33× · Pricier than 75% of peers
P/S (TTM) 2.75× · Pricier than 75% of peers
P/FCF 23.5× · Pricier than 75% of peers
EV/EBITDA 14.7× · Pricier than 75% of peers

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 15 · sector 33
FUTURE 92 · sector 4
PAST 43 · sector 21
HEALTH 97 · sector 98
DIVIDEND 66 · sector 49

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 Jul 22, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is BIEM.L.FDLKK Garment Co (002832) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥21.23 versus a price of ¥24.62, about −14% (overvalued).
What is the fair value of 002832?
Our model-based fair value for BIEM.L.FDLKK Garment Co is ¥21.23 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥24.62.
What is the quality score of 002832?
BIEM.L.FDLKK Garment Co 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 revenue of BIEM.L.FDLKK Garment Co (002832)?
BIEM.L.FDLKK Garment Co reported trailing-twelve-month revenue of about 4.6B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002832?
The net profit margin of BIEM.L.FDLKK Garment Co is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does BIEM.L.FDLKK Garment Co pay a dividend?
BIEM.L.FDLKK Garment Co currently shows a dividend yield of about 3.32% relative to its recent price (as of Jul 22, 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.

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