Baozun Inc.

BZUN Consumer Cyclical Internet Retail

Baozun Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 10.2% from fiscal 2024. In the quarter to June 2026, revenue grew 13.5%, EPS grew 150.0%, free cash flow grew 151.7% and total debt fell 5.57%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

3.71 0.04 +1.09%
Market cap
$197.1M
P/E
0.0×
Fwd P/E
5.2×
Dividend yield
—
F-score
6/9
Altman Z
1.45
Beneish M
−2.68
Dividend safety
45/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
0.00 0.00 0.00 0.00 0.00 36.01 46.65 41.73 58.03 46.59
Piotroski F-Score
6 6 6 6 3 5 4 2 5 5
P/S ratio
0.11 0.13 0.13 0.28 0.68 1.58 1.81 2.11 2.85 1.17
Altman Z-Score
1.45 1.32 1.23 1.48 1.77 3.88 3.63 5.92 7.99 5.27
Altman Z″-Score (non-manufacturers)
3.20 2.64 2.64 3.11 3.21 6.50 4.32 4.52 5.12 5.81
P/FCF ratio
0.00 0.00 115.03 15.03 38.00 41.14 0.00 0.00 0.00 0.00
Beneish M-Score
(2.68) (2.74) (2.83) (3.00) (1.97) (2.21) (2.24) (1.79) (1.08) (1.77)
P/Operating CF
2.56 11.74 (115.36) (252.98) (736.06) (1,574.78) (1,391.65) (1,214.47) (1,335.48) (418.32)
Dividend Safety Score
45 — — — — — — — — —
P/B ratio
0.20 0.29 0.26 0.56 1.26 2.28 5.09 5.18 6.48 2.52
Price to Tangible BV
0.22 0.35 0.31 0.67 1.51 2.36 5.54 5.67 6.95 2.56
EV/Sales
(0.05) 0.04 0.00 0.11 0.52 1.27 1.80 2.10 2.75 0.87
EV/EBITDA
0.00 0.00 0.07 27.66 692.12 20.12 34.18 31.78 44.47 32.73
EV/Operating CF
(1.22) (4.27) (0.01) 0.90 5.59 12.56 383.00 (43.24) (69.89) (43.29)
EV/FCF
2.14 (0.38) (1.41) 5.82 28.91 33.05 (16.47) (11.39) (17.06) (13.08)
Quick Ratio
1.37 1.33 1.42 1.50 1.47 3.37 1.80 1.23 1.55 2.10
Current Ratio
1.87 1.93 1.94 2.01 1.93 4.17 2.45 1.86 2.15 2.72
Net Debt/EBITDA
(5.73) (13.12) (43.25) (9.25) (11.27) (3.87) (0.16) (0.15) (1.41) (7.10)
Debt/Assets
12.46% 11.96% 10.65% 10.04% 18.58% 23.18% 32.25% 12.57% 5.78% 4.84%
Debt/Equity
0.22 0.30 0.26 0.24 0.45 0.40 0.88 0.23 0.09 0.07
Asset Turnover
1.02 0.90 0.84 0.72 0.83 1.03 1.30 1.51 1.60 1.54
Operating CF/Net income
(1.74) (0.55) (1.61) (0.59) 0.44 0.73 1.07 (0.37) (0.81) 0.16
Capex/Depreciation
(0.69) (0.85) (0.91) (1.32) (1.70) (1.05) (1.27) (2.89) (6.90) (2.57)
Interest Coverage
1.27 (2.95) (4.99) 0.58 0.12 8.45 6.26 27.25 60.24 7.19
ROE
(5.17%) (4.36%) (6.45%) (13.45%) (3.98%) 9.95% 11.69% 13.08% 12.66% 5.98%
ROA
(2.49%) (1.77%) (2.67%) (5.57%) (1.95%) 4.97% 5.04% 7.53% 8.04% 3.94%
ROIC
0.92% (2.99%) (5.58%) 0.98% 0.17% 10.33% 9.56% 10.44% 11.51% 8.30%
Return on Tangible Assets
(6.18%) (4.32%) (6.35%) (14.81%) (4.33%) 5.76% 7.44% 14.15% 12.67% 5.88%
Average Days of Receivables
79.98 79.06 94.08 103.67 90.51 91.95 91.28 106.93 103.07 71.44
Research and Development Expense of Revenue
4.66% 5.84% 5.73% 5.09% 4.77% 4.63% 5.40% 4.99% 3.39% 2.82%
Selling, General and Administrative Expense of Revenue
46.24% 43.51% 41.82% 36.26% 32.73% 26.60% 27.91% 27.70% 24.76% 22.04%
Intangible Assets out of Total Assets
0.07 0.07 0.06 0.07 0.07 0.02 0.03 0.05 0.04 0.01
Share Based Compensation of Revenue
0.20% 0.81% 1.17% 1.69% 2.09% 1.23% 1.03% 1.41% 1.40% 1.01%
Graham Net Nets
2.37 0.94 0.97 0.64 0.30 0.34 0.09 0.13 0.11 0.35
Graham Number
0.00 0.00 0.00 0.00 0.00 17.98 10.19 9.42 8.23 4.99
Earnings Yield
(21.80%) (15.81%) (25.00%) (28.01%) (3.38%) 2.78% 2.14% 2.40% 1.72% 2.15%
Free Cash Flow Yield
(22.30%) (74.11%) 0.87% 6.66% 2.63% 2.43% (6.03%) (8.73%) (5.65%) (5.70%)
Revenue per Share
24.59 21.55 20.85 19.94 20.44 21.73 18.27 13.85 11.80 9.77
Operating CF per Share
1.04 0.23 1.06 0.91 (0.21) 0.76 0.76 (0.25) (0.48) 0.04
Capex per Share
(0.38) (0.48) (0.54) (0.62) (0.77) (0.39) (0.38) (0.54) (0.99) (0.27)
Free Cash Flow per Share
0.66 (0.24) 0.52 0.29 (0.98) 0.37 0.37 (0.79) (1.47) (0.23)
Cash per Share
6.93 6.70 7.27 7.45 10.23 12.71 5.95 1.46 1.72 2.91
Shareholders Equity per Share
13.44 9.40 10.10 10.06 11.01 15.05 6.50 5.64 5.19 4.53
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
13.44 9.40 10.10 10.06 11.01 15.05 6.50 5.64 5.19 4.53
Free Cash Flow
38.12 (14.66) 30.71 17.89 (70.44) 23.21 21.33 (44.68) (79.66) (11.34)
Working Capital
451.58 474.92 497.59 538.69 694.75 1,067.06 483.55 218.70 202.49 197.58
Capital Expenditures
(22.00) (28.53) (32.42) (37.59) (55.36) (24.30) (21.96) (30.36) (53.67) (13.28)
Net Current Asset Value
364.07 153.08 152.57 219.35 305.16 738.35 170.11 208.22 201.92 197.58
EV/EBIT
0.00 0.00 0.07 27.66 692.06 20.12 34.18 31.78 44.47 32.73
Capex to Sales
0.02 0.02 0.03 0.03 0.04 0.02 0.02 0.04 0.08 0.03
Price to Operating Income
19.02 0.00 0.00 71.38 909.72 25.05 34.39 31.97 46.17 43.92
Other line items
Depreciation/Fixed assets
0.29 0.30 0.30 0.28 0.32 0.35 0.29 0.18 0.15 0.36
Cash ROIC
2.82% (1.30%) 2.58% 1.47% (3.73%) 1.10% 2.05% (9.40%) (19.90%) (2.92%)
Accounts Receivable Turnover
4.81 4.31 3.73 3.42 4.17 4.50 4.26 3.83 4.63 6.19
Accounts Payable Turnover
4.86 4.12 4.58 4.47 7.23 5.35 3.13 2.71 3.56 3.78
Inventory Turnover
2.64 2.26 2.39 2.14 3.16 3.56 3.57 3.85 5.66 5.73
Average Days of Payables
66.04 91.58 85.38 76.81 55.04 46.26 115.39 158.99 111.08 99.99
Days of Inventory on Hand
124.61 164.87 158.34 152.57 119.59 112.59 117.99 116.66 73.22 59.27
Average Receivables
295.62 299.75 332.92 355.77 353.68 301.60 245.62 204.92 137.82 78.84
Average Payables
75.84 82.20 74.10 73.18 71.07 95.30 127.45 109.30 82.76 73.23
Average Inventory
139.42 150.15 141.96 152.59 162.86 143.03 111.70 76.86 52.04 48.28
Average Assets
1,392.08 1,436.83 1,471.46 1,700.37 1,769.22 1,312.34 801.72 520.74 399.26 316.37
Average Common Equity
670.07 582.04 607.74 704.23 866.99 656.06 345.68 299.99 253.57 208.49

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