Company Valuation: Bosideng International Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 39,513 47,444 42,483 45,793 46,543 54,505 - -
Change - 20.07% -10.46% 7.79% 1.64% 17.11% - -
Enterprise Value (EV) 1 39,549 46,845 37,401 43,245 29,706 48,751 47,595 47,149
Change - 18.45% -20.16% 15.63% -31.31% 64.11% -2.37% -0.94%
P/E 16.6x 21x 13.2x 11.8x 10.1x 11.1x 10.3x 9.73x
PBR 2.76x 3.5x 2.87x 2.4x 2.19x 2.44x 2.34x 2.22x
PEG - -3.95x 0.3x 0.8x 0.6x 1.55x 1.34x 1.72x
Capitalization / Revenue 2.08x 2.62x 1.7x 1.61x 1.47x 1.62x 1.53x 1.44x
EV / Revenue 2.08x 2.58x 1.5x 1.52x 0.94x 1.45x 1.33x 1.24x
EV / EBITDA 9.64x 11.1x 6.2x 6.7x 4.15x 6.3x 5.81x 5.52x
EV / EBIT 13.1x 15.3x 7.91x 8.47x 5.22x 7.54x 6.91x 6.45x
EV / FCF 16.3x 16.9x 5.12x 12.5x - 12x 9.82x 10.3x
FCF Yield 6.14% 5.93% 19.5% 8.01% - 8.36% 10.2% 9.74%
Dividend per Share 2 0.2109 0.1945 0.2693 0.3066 0.3611 0.3348 0.3562 0.3768
Rate of return 5.76% 4.44% 6.89% 7.69% 9.03% 7.15% 7.6% 8.04%
EPS 2 0.2201 0.2084 0.296 0.3376 0.3949 0.4232 0.4558 0.4815
Distribution rate 95.8% 93.3% 91% 90.8% 91.4% 79.1% 78.1% 78.2%
Net sales 1 19,001 18,122 24,964 28,366 31,555 33,547 35,727 37,911
EBITDA 1 4,104 4,207 6,034 6,450 7,166 7,733 8,199 8,540
EBIT 1 3,010 3,053 4,729 5,108 5,689 6,464 6,883 7,305
Net income 1 2,417 2,310 3,306 3,848 4,608 4,891 5,275 5,594
Net Debt 1 36.31 -599.5 -5,082 -2,548 -16,837 -5,755 -6,910 -7,356
Reference price 2 3.660 4.380 3.910 3.990 4.000 4.685 4.685 4.685
Nbr of stocks (in thousands) 10,795,789 10,831,985 10,865,191 11,476,874 11,635,698 11,633,975 - -
Announcement Date 6/23/22 6/28/23 6/26/24 6/26/25 6/25/26 - - -
1HKD in Million2HKD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.05x1.45x6.29x7.16% 6.93B
20.4x3.09x10.34x2.85% 262B
20.95x2.75x13.93x1% 23.08B
20.55x3.94x9.72x2.77% 15.4B
10.83x1.05x5.06x-.--% 13.58B
20.93x2.32x9.12x1.78% 10.55B
14.56x1.46x9.56x2.66% 8.63B
13.57x0.89x8.54x2.46% 5.79B
Average 16.60x 2.12x 9.07x 2.58% 43.21B
Weighted average by Cap. 19.63x 2.89x 10.18x 2.65%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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