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General information

Country: CHINA

Sector: Specialty Retail

Boqii Holding Limited operates a pet-focused platform in the People`s Republic of China. The company offers food, treats, shampoos, cages, toys, apparel, OTC veterinary drugs, and other pet products to pet parents, and small and medium pet businesses through e-commerce platforms and offline distribution network. It also operates Boqii Community, an interactive content platform; and provides online marketing and information services. The company was founded in 2008 and is headquartered in Shanghai, the People`s Republic of China.
Website: boqii.com



Growth: Bad revenue growth rate -6.0%, there is slowdown compared to average historical growth rates 18.0%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -49.1%

Profitability: LTM EBITDA margin is negative, -6.6%. On average the margin is improving steadily. Gross margin is normal, +22.4%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 75% of quarters (showing a gain of +$0.10 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield 986.7% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 10.4% higher than minimum and 99.8% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 1.6x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: BQ
Share price, USD:  (+7.6%)0.265
year average price 2.9666  


year start price 5.6683 2023-04-20

max close price 6.8000 2023-06-22

min close price 0.2401 2024-04-04

current price 0.2650 2024-04-19
Common stocks: 15 297 182

Dividend Yield:  0.0%
Last revenue growth (y/y):  -6.0%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  18.0%
Historical growth of EBITDA:  ---
EV / Sales: 0.0x
Margin (EBITDA LTM / Revenue): -6.6%
Fundamental value created in LTM:
Market Cap ($m): 4
Net Debt ($m): 1
EV (Enterprise Value): 5
Price to Book: 0.1x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-06-27Seeking Alpha

Boqii Holding Limited (BQ) Q4 2023 Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2022 q3 2022 q2
date 2022-09-30 2022-06-30
symbol BQ BQ
reportedCurrency CNY CNY
cik 2M 2M
fillingDate 2022-09-30 2022-05-20
acceptedDate 2022-09-29 20:00:00 2022-05-20 09:08:51
calendarYear 2023.000 2023.000
period Q2 Q1
revenue 275M 315M
costOfRevenue 221M 244M
grossProfit 53M 71M
grossProfitRatio 0.194 0.224
researchAndDevelopmentExpenses 0 0
generalAndAdministrativeExpenses 41M 49M
sellingAndMarketingExpenses 32M 32M
sellingGeneralAndAdministrativeExpenses 73M 81M
otherExpenses 6M -176 000
operatingExpenses 73M 80M
costAndExpenses 294M 325M
interestIncome 2M 2M
interestExpense 3M 4M
depreciationAndAmortization 8M 3M
ebitda -12M -6M
ebitdaratio -0.043 -0.020
operatingIncome -20M -10M
operatingIncomeRatio -0.072 -0.031
totalOtherIncomeExpensesNet 4M -3M
incomeBeforeTax -17M -13M
incomeBeforeTaxRatio -0.063 -0.040
incomeTaxExpense -230 000 -188 000
netIncome -17M -13M
netIncomeRatio -0.061 -0.040
eps -3.660 -0.820
epsdiluted -3.660 -0.820
weightedAverageShsOut 5M 15M
weightedAverageShsOutDil 5M 15M
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Balance Sheet Statement

Property 2023 q3 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-09-30 2023-03-31 2022-12-01 2022-09-30 2022-08-02
symbol BQ BQ BQ BQ BQ
reportedCurrency CNY CNY USD CNY CNY
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-07-25 2022-12-01 2022-08-02 2022-08-02
acceptedDate 2023-09-29 20:00:00 2023-07-25 07:02:30 2022-12-01 16:03:17 2022-08-02 06:21:53 2022-08-02 06:21:53
calendarYear 2024.000 2023.000 2023.000 2023.000 2023.000
period Q2 Q4 Q3 Q2 Q2
cashAndCashEquivalents 87M 90M 0 85M 85M
shortTermInvestments 0 70M 0 125M 125M
cashAndShortTermInvestments 87M 160M 0 210M 210M
netReceivables 85M 86M 0 101M 101M
inventory 68M 81M 0 107M 107M
otherCurrentAssets 84M 79M 0 101M 101M
totalCurrentAssets 324M 406M 0 519M 519M
propertyPlantEquipmentNet 17M 28M 0 46M 46M
goodwill 0 0 0 41M 41M
intangibleAssets 0 22M 0 24M 24M
goodwillAndIntangibleAssets 20M 22M 0 64M 64M
longTermInvestments 68M 76M 0 82M 82M
taxAssets 5M 3M 0 0 0
otherNonCurrentAssets 4M 7M 0 18M 18M
totalNonCurrentAssets 113M 135M 0 210M 210M
otherAssets 0 0 0 0 0
totalAssets 437M 541M 0 729M 729M
accountPayables 55M 56M 0 79M 79M
shortTermDebt 21M 95M 0 153M 153M
taxPayables 0 0 0 0 0
deferredRevenue 4M 4M 0 3M 3M
otherCurrentLiabilities 41M 40M 0 45M 45M
totalCurrentLiabilities 121M 196M 0 281M 281M
longTermDebt 48M 116M 0 152M 152M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 3M 4M 0 4M 4M
otherNonCurrentLiabilities 0 0 0 0 -79M
totalNonCurrentLiabilities 52M 120M 0 157M 157M
otherLiabilities 0 0 0 0 0
capitalLeaseObligations 13M 22M 0 39M 39M
totalLiabilities 173M 316M 0 437M 437M
preferredStock 0 0 0 0 0
commonStock 661 000 455 000 0 455 000 455 000
retainedEarnings -3 033M -2 993M 0 -2 919M -2 919M
accumulatedOtherComprehensiveIncomeLoss -32M -33M 0 -20M -20M
othertotalStockholdersEquity 3 282M 3 204M 0 3 182M 3 182M
totalStockholdersEquity 218M 178M 0 243M 243M
totalEquity 264M 225M 0 243M 243M
totalLiabilitiesAndStockholdersEquity 437M 541M 0 729M 729M
minorityInterest 46M 47M 0 49M 0
totalLiabilitiesAndTotalEquity 437M 541M 0 729M 729M
totalInvestments 68M 145M 0 207M 207M
totalDebt 70M 211M 0 306M 306M
netDebt -17M 121M 0 221M 221M
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Cash Flow Statement

Property 2023 q3 2023 q2 2022 q1 2021 q1 2020 q3 2020 q2
date 2023-09-30 2023-06-30 2022-03-31 2021-03-31 2020-09-30 2020-06-30
symbol BQ BQ BQ BQ BQ BQ
reportedCurrency USD USD USD USD CNY CNY
cik 2M 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2022-07-27 2021-07-22 2020-09-30 2020-06-30
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2022-07-27 09:03:25 2021-07-22 16:06:24 2020-09-29 20:00:00 2020-06-30 00:00:00
calendarYear 2024.000 2024.000 2022.000 2021.000 2021.000 2021.000
period Q2 Q1 Q4 Q4 Q2 Q1
netIncome 0 0 -13M -73M -28M -42M
depreciationAndAmortization 0 0 10M 9M 0 5M
deferredIncomeTax 0 0 -452 000 -1M 0 -512 000
stockBasedCompensation 0 0 14M 55M 0 -2M
changeInWorkingCapital 0 0 23M 23M 0 -15M
accountsReceivables 0 0 -26M -21M 0 8M
inventory 0 0 -34M -50M 0 520 000
accountsPayables 0 0 15M -25M 0 2M
otherWorkingCapital 0 0 69M 119M 0 -26M
otherNonCashItems 0 0 -89M -168M 28M 1M
netCashProvidedByOperatingActivities 0 0 -55M -155M 0 -54M
investmentsInPropertyPlantAndEquipment 0 0 -1M -5M 0 -1M
acquisitionsNet 0 0 -127 000 0 0 0
purchasesOfInvestments 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0
otherInvestingActivites 0 0 79M -124M 0 -37M
netCashUsedForInvestingActivites 0 0 77M -128M 0 -38M
debtRepayment 0 0 -92M -92M 0 -62M
commonStockIssued 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0
otherFinancingActivites 0 0 -312M -312M 0 387M
netCashUsedProvidedByFinancingActivities 0 0 -404M -404M 0 325M
effectOfForexChangesOnCash 0 0 -987 000 -987 000 0 -1M
netChangeInCash 0 0 -383M -689M 0 231M
cashAtEndOfPeriod 0 0 -383M -689M 0 320M
cashAtBeginningOfPeriod 0 0 0 0 0 88M
operatingCashFlow 0 0 -55M -155M 0 -54M
capitalExpenditure 0 0 -1M -5M 0 -1M
freeCashFlow 0 0 -56M -159M 0 -55M
link Link Link
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Earning call transcript

2023 q3
2023-12-20 ET (fiscal 2024 q2)
2023 q2
2023-06-27 ET (fiscal 2023 q4)
2022 q3
2022-12-01 ET (fiscal 2023 q2)
2022 q2
2022-09-15 ET (fiscal 2023 q1)
2022 q1
2022-06-06 ET (fiscal 2022 q4)
2021 q4
2022-03-03 ET (fiscal 2022 q3)
2021 q3
2021-11-30 ET (fiscal 2022 q2)

Press-releases

Show financial reports only

2023-10-02 20:08 ET
Boqii Holding Limited Announces Transfer to NYSE American
2023-09-11 12:00 ET
Boqii Holding Limited Announces Extraordinary General Meeting Results
2023-08-11 13:22 ET
Boqii Announces ADS Ratio Change
2023-08-04 21:30 ET
Boqii to Hold Extraordinary General Meeting on September 11, 2023
2023-07-25 11:15 ET
Boqii Filed Annual Report on Form 20-F for Fiscal Year 2023
2023-06-27 11:01 ET
Boqii Announces Unaudited Financial Results for the Second Half of Fiscal Year 2023 and Full Fiscal Year 2023
2023-06-08 12:00 ET
Boqii to Announce Fiscal 2023 Second Half and Full Year Unaudited Financial Results on June 27, 2023
2023-05-09 10:00 ET
Boqii Announces Board Changes
2023-02-06 13:15 ET
Boqii Holding Limited to Hold Annual General Meeting on March 27, 2023
2022-12-01 10:00 ET
Boqii Announces Unaudited Financial Results for the First Half of Fiscal Year 2023
2022-11-25 12:00 ET
Boqii to Announce Fiscal 2023 First Half Unaudited Financial Results on December 1, 2022
2022-09-15 10:00 ET
Boqii Announces Fiscal 2023 First Quarter Unaudited Financial Results
2022-09-06 13:28 ET
Boqii to Announce Fiscal 2023 First Quarter Unaudited Financial Results on September 15, 2022
2022-09-05 12:00 ET
Boqii Announces Senior Management Change
2022-08-01 12:56 ET
Boqii Provides Update on its Status under the Holding Foreign Companies Accountable Act
2022-07-27 13:39 ET
Boqii Filed Annual Report on Form 20-F for Fiscal Year 2022
2022-06-06 09:30 ET
Boqii Announces Fourth Quarter and Full Fiscal Year 2022 Unaudited Financial Results
2022-05-31 07:30 ET
Boqii Increases its ESOP Pool
2022-05-27 14:27 ET
Boqii Further Revises its ADS to Class A Ordinary Share Ratio and Extends the Effective Date
2022-05-27 13:00 ET
Boqii to Announce Fourth Quarter and Full Fiscal Year 2022 Unaudited Financial Results on June 6, 2022
2022-05-20 10:00 ET
Boqii Announces Plan to Implement ADS Ratio Change
2022-04-13 10:00 ET
Boqii Holding Limited Receives NYSE Non-Compliance Letter Regarding Market Capitalization and Stockholders' Equity
2022-03-14 11:00 ET
Boqii Announces Senior Management Change
2022-03-03 10:16 ET
Boqii Announces Fiscal 2022 Third Quarter Unaudited Financial Results
2022-02-22 13:00 ET
Boqii to Announce Fiscal 2022 Third Quarter Unaudited Financial Results on March 3, 2022
2022-02-14 09:00 ET
Boqii Announces Senior Management Change
2022-01-29 10:00 ET
Boqii Holding Limited Receives NYSE Non-Compliance Letter Regarding ADS Trading Price
2022-01-19 12:00 ET
Boqii Holding Limited Fiscal 2021 Annual General Meeting Record Date Extension
2022-01-13 13:00 ET
Boqii Holding Limited to Hold Annual General Meeting on February 28, 2022
2021-11-30 10:00 ET
Boqii Announces Fiscal 2022 Second Quarter Unaudited Financial Results
2021-11-30 08:45 ET
Boqii Announces Strategic Partnership with Leading Pet Hospital SAAS Solution Provider Evetsoft to Empower Veterinary Hospitals with Stable Supply Chain
2021-11-19 13:00 ET
Boqii to Reschedule Fiscal 2022 Second Quarter Results
2021-11-12 13:00 ET
Boqii to Announce Fiscal 2022 Second Quarter Unaudited Financial Results on November 23, 2021
2021-11-05 12:00 ET
Boqii to Participate in the Morgan Stanley Twentieth Annual Asia Pacific Summit on November 18-19, 2021
2021-10-20 12:00 ET
Boqii Announces Strategic Partnership with World-Leading Hotel Group to Provide Pet-Friendly Stays in 'Blossom House' Hotels
2021-09-23 12:45 ET
Dogness Expands Intelligent Pet-Tech Products Lines on Boqii
2021-08-20 10:00 ET
Boqii Announces Fiscal 2022 First Quarter Unaudited Financial Results
2021-08-17 12:00 ET
Boqii to Announce Fiscal 2022 First Quarter Unaudited Financial Results on August 20, 2021
2021-07-26 12:00 ET
Boqii Announces Senior Management Change
2021-07-22 21:24 ET
Boqii Filed Annual Report on Form 20-F for Fiscal Year 2021
2021-07-06 12:00 ET
Better Choice Announces Strategic Investment by China’s Largest Pet Focused Platform and Retail Partner, Boqii Holding Limited (NYSE: BQ)
2021-05-26 10:03 ET
Boqii Announces Fourth Quarter and Full Fiscal Year 2021 Unaudited Financial Results
2021-05-18 12:00 ET
Boqii to Announce Fiscal 2021 Fourth Quarter and Full Year Unaudited Financial Results on May 26, 2021
2021-04-30 11:12 ET
Boqii to Open Its First Offline Store in Shanghai on May 1
2021-04-28 12:00 ET
Boqii Announces Strategic Partnership with Chinese Short-video Giant Kuaishou Technology to Raise Awareness of Pet Care
2021-04-08 12:00 ET
Boqii to Participate in Upcoming Investor Conferences
2021-03-03 10:39 ET
Boqii Announces Fiscal 2021 Third Quarter Unaudited Financial Results
2021-02-23 13:00 ET
Boqii to Announce Fiscal 2021 Third Quarter Unaudited Financial Results on March 3, 2021
2021-01-22 13:30 ET
Boqii Appoints Chief Strategy Officer
2020-11-16 10:00 ET
Boqii Announces Fiscal 2021 Second Quarter Unaudited Financial Results
2020-11-12 13:30 ET
Boqii's 2020 Single Day Global Shopping Festival GMV Reached RMB244 Million
2020-11-09 13:30 ET
Boqii Kicked Off the 2020 Singles Day Global Shopping Festival with a Strong Start
2020-11-04 14:01 ET
Boqii to Announce September Quarter 2020 Unaudited Financial Results on November 16, 2020

SEC forms

Show financial reports only

SEC form 6
2024-02-05 09:35 ET
Boqii Limited published news for 2023 q4
SEC form 6
2023-11-30 06:04 ET
Boqii Limited published news for 2023 q3
SEC form 6
2023-10-02 17:03 ET
Boqii Limited published news for 2023 q3
SEC form 6
2023-09-11 16:33 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-09-11 08:21 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-08-16 16:24 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-08-11 16:03 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-08-04 17:28 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-07-28 20:27 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-07-25 07:30 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-07-25 07:02 ET
Boqii Limited published news for 2023 q2
SEC form 6
2023-06-27 07:33 ET
Boqii Limited reported for 2023 q1
SEC form 6
2023-06-08 09:26 ET
Boqii Limited published news for 2023 q1
SEC form 6
2023-05-09 16:16 ET
Boqii Limited published news for 2023 q1