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Nongfu Spring Co Ltd
HKEX:9633

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Nongfu Spring Co Ltd
HKEX:9633
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Price: 46.8 HKD -2.86%
Market Cap: HK$526.3B

P/E

29
Current
19%
Cheaper
vs 3-y average of 35.9

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
29
=
Market Cap
HK$527.7B
/
Net Income
¥15.9B

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
29
=
Market Cap
HK$527.7B
/
Net Income
¥15.9B

Valuation Scenarios

Nongfu Spring Co Ltd is trading below its 3-year average

If P/E returns to its 3-Year Average (35.9), the stock would be worth HK$57.84 (24% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-25%
Maximum Upside
+64%
Average Upside
16%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 29 HK$46.8
0%
3-Year Average 35.9 HK$57.84
+24%
5-Year Average 47.5 HK$76.54
+64%
Industry Average 21.8 HK$35.23
-25%
Country Average 29.6 HK$47.77
+2%

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

Today's Market Cap Net Income Forward P/E
HK$527.7B
/
Jan 2026
¥15.9B
=
29
Current
HK$527.7B
/
Dec 2026
¥17.9B
=
29.5
Forward
HK$527.7B
/
Dec 2027
¥20.2B
=
26.1
Forward
HK$527.7B
/
Dec 2028
¥22.5B
=
23.5
Forward
HK$527.7B
/
Dec 2029
¥24.2B
=
21.8
Forward
HK$527.7B
/
Dec 2030
¥25.7B
=
20.5
Forward
HK$527.7B
/
Dec 2031
¥28.2B
=
18.7
Forward
HK$527.7B
/
Dec 2032
¥29.8B
=
17.7
Forward
HK$527.7B
/
Dec 2033
¥31.3B
=
16.9
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

In line with most companies in China
Percentile
49th
Based on 5 557 companies
49th percentile
29
Low
0 — 17.1
Typical Range
17.1 — 57.7
High
57.7 —
Distribution Statistics
China
Min 0
30th Percentile 17.1
Median 29.6
70th Percentile 57.7
Max 43 569.3

Nongfu Spring Co Ltd
Glance View

In the bustling and competitive landscape of China's beverage industry, Nongfu Spring Co Ltd has emerged as a quintessential story of ingenuity and adaptation. Founded in 1996 by businessman Zhong Shanshan, the company originated with a simple yet profound mission—to provide naturally healthy water to the masses. Nongfu Spring has carved out its niche by tapping into the vast natural reserves of pristine water sources across China, capitalizing on the consumer shift towards health-conscious products. Emphasizing its motto, "We are the porters of nature," Nongfu Spring ensures their bottled water retains a pure and natural essence. Their distinctive red-capped bottles have become synonymous with trust and quality, securing a dominant presence in the Chinese market, where it leads in packaged water sales. Nongfu Spring's business acumen extends beyond just bottled water. Its product diversification strategy includes the development and marketing of a variety of beverages such as tea and functional drinks, along with vitamin-infused beverages. This strategic expansion has allowed the company to capture various consumer segments and maintain robust revenue streams. Alongside their innovative product offerings, Nongfu Spring has leveraged strategic branding and distribution channels, ensuring their abundant presence from rural convenience stores to urban supermarkets across China. With a profound understanding of local consumer preferences and an agile approach to market trends, Nongfu Spring Co Ltd continues to draw a lucrative profit from its ability to align its innovative products with the health and wellness aspirations of its consumers.

Intrinsic Value
51.11 HKD
Undervaluation 8%
Intrinsic Value
Price HK$46.8
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