Baozun Inc. (BZUN) Financial Ratios
13 years of historical data (2012–2024) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↑
15.45
↑+201% vs avg
5yr avg: 5.14
30Y Low1.3·High12.5
P/FCF
↓
N/A
—
5yr avg: 4.47
30Y Low0.6·High11.0
P/B Ratio
↓
0.20
↑+56% vs avg
5yr avg: 0.12
30Y Low0.0·High1.0
ROE
↓
-3.2%
↑-27% vs avg
5yr avg: -2.5%
30Y Low-15%·High13%
Debt/EBITDA
↑
19.40
↓-14% vs avg
5yr avg: 22.61
30Y Low0.7·High19.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BZUN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Baozun Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $166M | $163M | $163M | $323M | $1.0B | $2.2B | $2.0B | $1.7B | $1.9B | $659M | $440M |
| Enterprise Value | $295M | $1.0B | $565M | $489M | $282M | $1.3B | $3.4B | $1.8B | $1.8B | $-194111879 | $-363743737 |
| P/E Ratio → | -6.11 | — | — | — | — | 5.13 | 7.03 | 6.49 | 8.84 | 7.59 | 19.55 |
| P/S Ratio | 0.12 | 0.02 | 0.02 | 0.04 | 0.11 | 0.25 | 0.27 | 0.32 | 0.45 | 0.19 | 0.17 |
| P/B Ratio | 0.20 | 0.03 | 0.03 | 0.06 | 0.15 | 0.36 | 0.77 | 0.79 | 1.00 | 0.42 | 0.36 |
| P/FCF | — | — | 0.58 | 1.84 | — | 10.98 | 9.39 | — | — | — | — |
| P/OCF | 11.16 | 1.61 | 0.36 | 0.85 | — | 7.05 | 6.55 | — | — | 49.02 | 199.76 |
P/E links to full P/E history page with 30-year chart
BZUN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Baozun Inc.'s enterprise value stands at 15.4x EBITDA, 201% above its 5-year average of 5.1x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 36% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.11 | 0.06 | 0.06 | 0.03 | 0.14 | 0.46 | 0.33 | 0.43 | -0.06 | -0.14 |
| EV / EBITDA | 15.45 | 8.01 | 12.48 | 2.13 | 1.32 | 1.77 | 7.93 | 4.12 | 5.79 | -1.54 | -11.51 |
| EV / EBIT | — | — | — | — | — | 2.42 | 8.25 | 5.05 | 6.61 | -1.90 | -13.55 |
| EV / FCF | — | — | 1.99 | 2.78 | — | 6.31 | 16.08 | — | — | — | — |
BZUN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Baozun Inc. earns an operating margin of -1.2%, below the Consumer Cyclical sector average of 2.9%. Operating margins have compressed from 0.4% to -1.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -3.2% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 47.6% | 47.6% | 44.2% | 40.8% | 36.8% | 36.9% | 38.8% | 38.9% | 34.1% | 27.4% | 20.7% |
| Operating Margin | -1.2% | -1.2% | -2.3% | 0.4% | 0.1% | 6.3% | 4.2% | 6.6% | 6.2% | 2.7% | 0.3% |
| Net Profit Margin | -2.0% | -2.0% | -3.2% | -7.8% | -2.3% | 4.8% | 3.9% | 5.0% | 5.0% | 2.6% | 0.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.2% | -3.2% | -4.9% | -10.8% | -3.5% | 9.8% | 11.8% | 13.3% | 12.2% | 6.2% | 2.7% |
| ROA | -1.8% | -1.8% | -2.7% | -5.9% | -1.9% | 4.9% | 5.1% | 7.7% | 7.8% | 4.1% | 1.6% |
| ROIC | -1.3% | -1.3% | -2.6% | 0.4% | 0.1% | 9.1% | 7.4% | 13.4% | 15.4% | 11.8% | 1.9% |
| ROCE | -1.7% | -1.7% | -3.2% | 0.5% | 0.1% | 8.6% | 8.8% | 17.3% | 15.0% | 6.4% | 1.0% |
BZUN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Baozun Inc. carries a Debt/EBITDA ratio of 19.4x, which is highly leveraged (341% above the sector average of 4.4x). Net debt stands at $879M ($2.5B total debt minus $1.6B cash).
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.47 | 0.43 | 0.61 | 0.46 | 1.13 | 0.24 | 0.12 | 0.07 | 0.03 |
| Debt / EBITDA | 19.40 | 19.40 | 60.80 | 10.35 | 18.58 | 3.94 | 6.84 | 1.24 | 0.73 | 0.91 | 0.98 |
| Net Debt / Equity | — | 0.15 | 0.07 | 0.03 | -0.11 | -0.15 | 0.55 | 0.01 | -0.04 | -0.54 | -0.65 |
| Net Debt / EBITDA | 6.76 | 6.76 | 8.88 | 0.72 | -3.36 | -1.31 | 3.30 | 0.04 | -0.24 | -6.77 | -25.43 |
| Debt / FCF | — | — | 1.42 | 0.94 | — | -4.67 | 6.69 | — | — | — | — |
| Interest Coverage | -2.95 | -2.95 | -4.99 | 0.58 | 0.12 | 8.45 | 4.99 | 27.25 | 60.29 | — | — |
BZUN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.93x means Baozun Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.52x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.01x to 1.93x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.93 | 1.93 | 1.94 | 2.01 | 1.93 | 4.17 | 2.45 | 1.86 | 2.15 | 2.72 | 2.72 |
| Quick Ratio | 1.52 | 1.52 | 1.58 | 1.65 | 1.59 | 3.57 | 1.97 | 1.39 | 1.74 | 2.24 | 2.16 |
| Cash Ratio | 0.78 | 0.78 | 0.82 | 0.85 | 0.98 | 2.36 | 1.02 | 0.33 | 0.53 | 1.27 | 1.35 |
| Asset Turnover | — | 0.92 | 0.84 | 0.84 | 0.76 | 0.85 | 1.04 | 1.34 | 1.38 | 1.43 | 1.38 |
| Inventory Turnover | 3.24 | 3.24 | 3.63 | 3.84 | 3.71 | 4.27 | 4.05 | 4.03 | 5.74 | 6.35 | 5.59 |
| Days Sales Outstanding | — | 93.52 | 110.35 | 118.68 | 105.85 | 105.57 | 106.11 | 109.36 | 105.37 | 80.29 | 69.44 |
BZUN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Baozun Inc. returns 8.5% to shareholders annually — split between a 0.1% dividend yield and 8.5% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.7% | 0.7% | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 19.5% | 14.2% | 15.4% | 11.3% | 13.2% | 5.1% |
| FCF Yield | — | — | 173.9% | 54.3% | — | 9.1% | 10.6% | — | — | — | — |
| Buyback Yield | 8.5% | 58.7% | 0.0% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.9% | 4.4% |
| Total Shareholder Yield | 8.5% | 59.3% | 0.7% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 0.0% | 6.9% | 4.4% |
| Shares Outstanding | — | $60M | $59M | $61M | $72M | $64M | $60M | $60M | $59M | $55M | $54M |
Peer Comparison
Compare BZUN with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BZUNYou | $166M | -6.1 | 15.4 | — | 47.6% | -1.2% | -3.2% | -1.3% | 19.4 |
 VNET | $3B | 93.1 | 15.5 | — | 22.2% | 8.1% | 2.7% | 2.4% | 8.3 |
 CANG | $254M | 5.8 | 3.3 | — | 55.3% | 22.2% | 7.6% | 4.6% | 0.9 |
 BABA | $342B | 18.0 | 13.6 | 29.8 | 40.0% | 14.1% | 11.8% | 9.6% | 1.4 |
 JD | $47B | 7.8 | 6.5 | 7.3 | 9.8% | 3.3% | 13.6% | 9.9% | 1.9 |
 PDD | $151B | 9.2 | 9.0 | 8.5 | 60.9% | 27.5% | 44.9% | 40.3% | 0.1 |
 VIPS | $8B | 7.0 | 2.9 | 9.7 | 23.5% | 8.5% | 19.3% | 40.5% | 0.3 |
 CPNG | $32B | 162.6 | 44.9 | 61.9 | 29.4% | 1.4% | 4.8% | 14.5% | 6.8 |
 SE | $54B | 123.3 | 53.4 | 18.4 | 42.8% | 3.9% | 5.9% | 5.4% | 3.9 |
 AMZN | $3.0T | 38.3 | 20.7 | 384.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 SHOP | $137B | 112.2 | 90.4 | 68.2 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
| Consumer Cyclical Median | — | 19.6 | 11.4 | 15.0 | 36.9% | 2.9% | 5.6% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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Start ComparisonBZUN — Frequently Asked Questions
Quick answers to the most common questions about buying BZUN stock.
What is Baozun Inc.'s P/E ratio?
Baozun Inc.'s current P/E ratio is -6.1x. The historical average is 9.1x.
What is Baozun Inc.'s EV/EBITDA?
Baozun Inc.'s current EV/EBITDA is 15.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
What is Baozun Inc.'s ROE?
Baozun Inc.'s return on equity (ROE) is -3.2%. The historical average is -0.6%.
Is BZUN stock overvalued?
Based on historical data, Baozun Inc. is trading at a P/E of -6.1x. Compare with industry peers and growth rates for a complete picture.
What is Baozun Inc.'s dividend yield?
Baozun Inc.'s current dividend yield is 0.10%.
What are Baozun Inc.'s profit margins?
Baozun Inc. has 47.6% gross margin and -1.2% operating margin.
How much debt does Baozun Inc. have?
Baozun Inc.'s Debt/EBITDA ratio is 19.4x, indicating high leverage. A ratio above 4x may signal elevated financial risk.