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China Mengniu Dairy Co Ltd
HKEX:2319

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China Mengniu Dairy Co Ltd
HKEX:2319
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Price: 17.35 HKD 3.89% Market Closed
Market Cap: HK$67.3B

P/E

36.6
Current
84%
More Expensive
vs 3-y average of 19.9

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
36.6
=
Market Cap
HK$63.3B
/
Net Income
¥1.5B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
36.6
=
Market Cap
HK$63.3B
/
Net Income
¥1.5B

Valuation Scenarios

China Mengniu Dairy Co Ltd is trading above its 3-year average

If P/E returns to its 3-Year Average (19.9), the stock would be worth HK$9.42 (46% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-81%
Maximum Upside
No Upside Scenarios
Average Downside
57%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 36.6 HK$17.35
0%
3-Year Average 19.9 HK$9.42
-46%
5-Year Average 22.7 HK$10.76
-38%
Industry Average 7.1 HK$3.35
-81%
Country Average 12.7 HK$6.03
-65%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
HK$63.3B
/
Jan 2026
¥1.5B
=
36.6
Current
HK$63.3B
/
Dec 2026
¥5B
=
12.6
Forward
HK$63.3B
/
Dec 2027
¥5.6B
=
11.4
Forward
HK$63.3B
/
Dec 2028
¥6.1B
=
10.4
Forward
HK$63.3B
/
Dec 2029
¥6.6B
=
9.6
Forward
HK$63.3B
/
Dec 2030
¥7B
=
9
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Higher than 86% of companies in Hong Kong
Percentile
86th
Based on 1 249 companies
86th percentile
36.6
Low
0 — 8.8
Typical Range
8.8 — 19.3
High
19.3 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 8.8
Median 12.7
70th Percentile 19.3
Max 6 260.9

China Mengniu Dairy Co Ltd
Glance View

Market Cap
67.3B HKD
Industry
Food Products

In the heart of China’s booming consumer market lies China Mengniu Dairy Co Ltd., a leading dairy product manufacturer that has woven itself into the fabric of everyday life across the nation. Established in 1999, Mengniu quickly rose from humble beginnings to become a household name, driven by its commitment to quality and innovation. At the core of its operations, Mengniu processes raw milk into a diverse range of products, including liquid milk, yogurt, and milk powder. The company’s extensive network of dairy farms and its stringent quality control measures ensure a steady supply of high-standard raw materials, enabling it to offer nutritious and safe dairy products to millions of customers across China and beyond. Mengniu's financial engine is fueled by a keen understanding of market dynamics and consumer preferences. As the burgeoning Chinese middle class continues to prioritize health and wellness, Mengniu has strategically positioned itself to capitalize on this trend by expanding its product portfolio with premium and health-oriented dairy offerings. The company invests heavily in marketing and distribution, leveraging partnerships with e-commerce giants and brick-and-mortar retailers to optimize its reach across both urban and rural areas. By emphasizing brand strength and operational efficiency, Mengniu not only thrives domestically but also carves out a presence in international markets, laying a solid foundation for sustainable growth and resilience amid the ever-changing global economic landscape.

Intrinsic Value
30.17 HKD
Undervaluation 42%
Intrinsic Value
Price HK$17.35
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