Bosideng International Holdings Ltd (3998) fair value: what the stock is really worth
We calculate from audited financials what Bosideng International Holdings Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Consumer Cyclical · HK · Market cap HK$49.7B (≈ $6.3B) · ISIN KYG126521064
At a glance
BIBosideng International Holdings Ltd3998 · HK
PriceHK$4.48
Fair ValueHK$5.92
Upside+32.1%
Quality64/100
A solid business, trading 24% below our fair value of HK$5.92.
As of Aug 29, 2026, the fair value of Bosideng International Holdings Ltd is HK$5.92 per share against a price of HK$4.48, so the fair value sits 32% above the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +14.3 %/yr)
✓Solidly profitable · 14.6% net margin
✓Low debt · generates free cash flow
·6.32% dividend yield
✓Ranks above peers (11/15)
✓Wide moat 72/100
!Evidence only low, so the estimate is less certain
Evidence: LowRange HK$3.86 to HK$7.47
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 11 days ago
Share price −5.3% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 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$4.48 price screens below the HK$5.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Bosideng International Holdings Ltd (3998) currently trades at HK$4.48, while our model-based Fair Value estimate is HK$5.92, implying the stock looks roughly 24.3% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of HK$6.61 per share, and 13 of the 26 models we run sit above the HK$4.48 price. Bear case: the Asset-Based group reads lowest at HK$1.05, and 13 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Bosideng International Holdings Ltd 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 29, 2026
Scenario range: HK$3.86 (bear) to HK$7.47 (bull), the price of HK$4.48 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 15% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −22% fair-value upside, at 32%, 3998 screens cheaper than that median.
Fair Value models
Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (HK$0.0120 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio11.0as of Jul 2, 2026
P/S ratio1.60P/E × margin
EPS (TTM)HK$0.3100price ÷ EPS = P/E 11.0
Dividend yield6.3%payout 91.3%
Net margin14.6%FY2026
Return on equity22.8%TTM
More key figures
Profitability
Return on assets (EBIT)15.5%avg 5y
Operating margin20.9%TTM
Growth
Revenue (TTM)HK$27.3BTTM
Revenue growth (YoY)+7.7%3y avg +16.3%
EPS growth (YoY)+15.2%
Balance sheet & cash flow
Free cash flowHK$2.7BFY2025
Net debtHK$3.0BFY2026 · ≈ 1.1 yrs of FCF
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality64/100
Of which business quality 64
· Market factors (momentum, volatility) 55
Profitability75
Margins and returns on capital today
Quality Growth35
Are margins and returns improving?
Cashflow49
Earnings quality: real cash, not paper profit
Fin. Strength86
Balance sheet, leverage, solvency risk
Investment52
Disciplined investing over empire-building
Low Volatility81
Calm price path (market factor)
Momentum44
Price trend over the last 3–12 months (market factor)
52W Momentum44
Distance to the 52-week high (market factor)
Net Issuance73
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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 Ltd 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+22.1%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+15.8%
Dividend yield6.3%
Trend ⓘ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.5Y 15.8% vs 10Y 25.0%, flattening
Operating margin (EBIT) ⓘ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.16.8% (2021) → 18.0% (2026) · rising
Worst earnings drop88% (2015) · in HKD
Revenue+13.0%/yr
FY22HK$16.2B
FY23HK$16.8B
FY24HK$23.2B
FY25HK$25.9B
FY26HK$26.4B
Net income+16.9%/yr
FY22HK$2.1B
FY23HK$2.1B
FY24HK$3.1B
FY25HK$3.5B
FY26HK$3.9B
Character of growth · EPS growth decomposed (2015-2026)+28.4 % p.a.
Revenue per share+12.6 %
of which total revenue +16.6 % · buybacks/dilution −3.5 %
EBIT margin+11.2 %
Tax rate+0.9 %
Residual (interest, one-offs)+1.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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 Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3998
Peer Group
Apparel Manufacturing · 217 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
Quality Score64 · Top 25%
Fair Value upside+36% · Above median
Profitability
Return on equity (TTM)23% · Top 25%
Return on assets12% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)21% · Top 25%
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)6.3% · Top 25%
Valuation Multiples vs Apparel Manufacturing median · lower = cheaper
P/E (TTM)11.0× · Cheapest 25%
P/B2.73× · Priciest 25%
P/S (TTM)1.82× · Priciest 25%
P/FCF2.4× · Pricier than median
EV/EBITDA7.6× · Cheaper than median
PEG2.18× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Bosideng International Holdings Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+2.2 % per year
Achieved revenue growth, 5 years+14.3 % p.a.
Sector median revenue growth+2.6 %
FCF yield on price5.07 %
Discount rate (WACC) in the models9.2 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE76· sector 30
FUTURE39· sector 5
PAST91· sector 19
HEALTH100· sector 98
DIVIDEND100· sector 54
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
Similar stocks
10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
Is Bosideng International Holdings Ltd (3998) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of HK$5.92 versus a price of HK$4.48, about +32% upside (undervalued).
What is the fair value of 3998?
Our model-based fair value for Bosideng International Holdings Ltd is HK$5.92 (as of Aug 29, 2026), built from audited fundamentals. The current price: HK$4.48.
What is the quality score of 3998?
Bosideng International Holdings Ltd 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 price target for Bosideng International Holdings Ltd (3998)?
Our model-based price target is the fair value of HK$5.92 (as of Aug 29, 2026) from 26 valuation models. Cautious scenario HK$3.86, optimistic scenario HK$7.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Bosideng International Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$5.92, about +32% upside versus a price of HK$4.48 (undervalued). Cautious scenario HK$3.86, optimistic scenario HK$7.47. The calculation is refreshed regularly with new filings.
What is the revenue of Bosideng International Holdings Ltd (3998)?
Bosideng International Holdings Ltd reported trailing-twelve-month revenue of about HK$27.3B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 3998?
The net profit margin of Bosideng International Holdings Ltd 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 Ltd pay a dividend?
Bosideng International Holdings Ltd currently shows a dividend yield of about 6.32% relative to its recent price (as of Aug 29, 2026).
What growth is priced into Bosideng International Holdings Ltd (3998)?
For today's price to be fair in a discounted-cash-flow model, Bosideng International Holdings Ltd would have to grow free cash flow by +2.2 % per year for ten years (discount rate 9.2 %, then 2 % perpetual growth). Over the last 5 years revenue grew +14.3 % per year. As of Aug 29, 2026.
What discount rate (WACC) does the fair value of 3998 use?
Our models discount Bosideng International Holdings Ltd at 9.2 %: a base by market capitalisation (mid), damped by beta 0.57, country premium for Hong Kong. The same rate applies in all 26 models.
What is the intrinsic value of Bosideng International Holdings Ltd (3998)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bosideng International Holdings Ltd it is HK$5.92 per share (as of Aug 29, 2026), against a price of HK$4.48. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Bosideng International Holdings Ltd stock overvalued or undervalued in 2026?
As of Aug 29, 2026, 3998 trades below its calculated fair value: price HK$4.48, fair value HK$5.92, a gap of about +32% (undervalued). 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 3998?
No. The price is what the market pays today (HK$4.48); the fair value is what the company's own numbers justify (HK$5.92). For Bosideng International Holdings Ltd the two are HK$1.44 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bosideng International Holdings Ltd worth?
The market values Bosideng International Holdings Ltd at about HK$49.7B (market capitalisation, as of Aug 29, 2026). Per share that is HK$4.48; our models calculate a fair value of HK$5.92 per share.
What do the bullish and bearish scenarios say about 3998?
Our models span a range for Bosideng International Holdings Ltd: cautious scenario HK$3.86, base HK$5.92, optimistic HK$7.47 per share (as of Aug 29, 2026, price HK$4.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3998?
Bosideng International Holdings Ltd trades at a price-to-earnings ratio of 11.0 (as of Aug 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$5.92 is built from several models across several years. Other multiples: PEG 2.2, P/B 2.7, P/S 1.8, EV/EBITDA 7.6.
What is the PEG ratio of 3998?
The PEG ratio of Bosideng International Holdings Ltd is 2.18 (P/E divided by earnings growth, as of Aug 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Bosideng International Holdings Ltd (3998)?
Balance-sheet figures for Bosideng International Holdings Ltd (as of Aug 29, 2026): return on equity 22.8%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 3998 from its 52-week high?
Bosideng International Holdings Ltd trades at HK$4.48, about 15% below its 52-week high of HK$5.30 and 26% above the low of HK$3.55 (as of Aug 29, 2026). Distance from the high says nothing about value: that is what the fair value of HK$5.92 is for.
Which stocks are comparable to Bosideng International Holdings Ltd?
From the same area (Consumer Cyclical) we also value H & M Hennes & Mauritz AB, Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, 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 Bosideng International Holdings Ltd stock attractive at the current price?
The data as of Aug 29, 2026: price HK$4.48, calculated fair value HK$5.92 (+32%), Quality Score 64/100, from 26 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 3998 calculated?
We run Bosideng International Holdings Ltd through 26 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 HK$5.92, with the spread shown as a cautious and an optimistic scenario.
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