Bonny International Holding (1906) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$721M

Below-average quality, and screening another 54% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (HK$0.3315). The favourable scenario is already priced in.
• Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$0.2330 – HK$0.6650 · fair‑value band HK$0.2720 – HK$0.3315 · the HK$0.6400 price screens above the HK$0.2975 fair value. Dashed = 300-day average. As of Aug 5, 2026.

Full chart & analysis →

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

Analysis

Bonny International Holding (1906) currently trades at HK$0.6400, while our model-based Fair Value estimate is HK$0.2975, implying the stock looks roughly 53.5% overvalued today. The Quality Score stands at 18/100 (below-average 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: low).

Over the trailing twelve months, Bonny International Holding generated revenue of HK$232M at a net margin of -24.5%. Revenue declined 5.8% year over year. It earns a return on equity of -17.4%. Net debt stands at HK$207M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$0.2720 (bear case) to HK$0.3315 (bull case); at HK$0.6400, the current price sits above 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 2% below its 52-week high and 137% 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 -54%, 1906 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.

Widest divergence: Dividend Discount (HK$0.2800) versus Asset-Based (HK$0.1400). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

Bonny International Holding Limited, an investment holding company, engages in the design, research and development, production, and sales of intimate wear products. It operates in two segments, Original Design Manufacture (ODM) Products and Brand Products.

Full company description

Bonny International Holding Limited, an investment holding company, engages in the design, research and development, production, and sales of intimate wear products. It operates in two segments, Original Design Manufacture (ODM) Products and Brand Products. The ODM Products segment manufactures and sells seamless underwear or other ODM products to overseas customers or their agents. The Brand Products segment manufactures and sells ladies brassieres, panties, thermal underwear, under the Bonny and U+Bonny brand names. It also offers functional sportswear; operates self-operated retail outlets comprising self-operated concession counters and standalone stores; and franchised retail outlets covering provinces, municipalities, and autonomous regions in the People's Republic of China. In addition, the company provides its products through its e-commerce network and various e-commerce platforms. It operates in Mainland China, the United States, Germany, Canada, the Netherlands, Mexico, Britain, Australia, and Korea, internationally. Bonny International Holding Limited was incorporated in 2017 and is based in Wan Chai, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bonny International Holding reported revenue of HK$232M in FY2025 versus HK$249M in FY2021, a compound −1.7%/yr. Reported net income was −HK$56.8M in FY2025.

1906 screens 54% overvalued. Compare with H & M Hennes & Mauritz AB →

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.

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

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 0: the price sits above our fair-value range.

Values & ESG

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

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 5, 2026).

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

Frequently asked questions

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.