Nongfu Spring Future Growth

Future criteria checks 3/6

Nongfu Spring is forecast to grow earnings and revenue by 10.2% and 11.2% per annum respectively. EPS is expected to grow by 9.9% per annum. Return on equity is forecast to be 41.3% in 3 years.

Key information

10.2%

Earnings growth rate

9.9%

EPS growth rate

Beverage earnings growth	11.0%
Revenue growth rate	11.2%
Future return on equity	41.3%
Analyst coverage	Good
Last updated	23 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:7NF - Analysts future estimates and past financials data (CNY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	59,713	16,202	16,364	20,735	21
12/31/2025	53,203	14,299	14,612	18,741	23
12/31/2024	46,446	12,540	12,247	15,338	23
6/30/2024	44,378	12,542	9,094	14,850	N/A
3/31/2024	43,523	12,310	10,828	16,077	N/A
12/31/2023	42,667	12,078	12,563	17,305	N/A
9/30/2023	39,885	10,869	11,269	15,680	N/A
6/30/2023	37,103	9,661	9,975	14,056	N/A
3/31/2023	35,171	9,077	8,911	13,049	N/A
12/31/2022	33,239	8,493	7,846	12,042	N/A
9/30/2022	32,180	8,125	7,693	11,417	N/A
6/30/2022	31,120	7,757	7,540	10,793	N/A
3/31/2022	30,408	7,459	8,231	11,096	N/A
12/31/2021	29,696	7,162	8,923	11,400	N/A
9/30/2021	28,102	6,794	8,673	10,955	N/A
6/30/2021	26,507	6,426	8,424	10,510	N/A
3/31/2021	24,692	5,852	7,303	9,470	N/A
12/31/2020	22,877	5,277	6,182	8,429	N/A
9/30/2020	23,067	5,107	5,702	8,176	N/A
6/30/2020	23,256	4,936	5,221	7,923	N/A
3/31/2020	23,639	4,942	4,727	7,698	N/A
12/31/2019	24,021	4,949	4,233	7,472	N/A
12/31/2018	20,475	3,606	1,249	4,630	N/A
12/31/2017	17,491	3,380	N/A	4,697	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 7NF's forecast earnings growth (10.2% per year) is above the savings rate (1%).

Earnings vs Market: 7NF's earnings (10.2% per year) are forecast to grow slower than the German market (20.6% per year).

High Growth Earnings: 7NF's earnings are forecast to grow, but not significantly.

Revenue vs Market: 7NF's revenue (11.2% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: 7NF's revenue (11.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 7NF's Return on Equity is forecast to be very high in 3 years time (41.3%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/27 15:41
End of Day Share Price	2024/12/23 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nongfu Spring Co., Ltd. is covered by 38 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Hong Xing Pan	ABCI Securities Company Limited
Jiangqiao Tong	BOCI Research Ltd.
Penny Peng	BOCI Research Ltd.

Nongfu Spring Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Recent updates

Investor sentiment improves as stock rises 19%

Investor sentiment improves as stock rises 21%

New minor risk - Share price stability

First half 2024 earnings released: EPS: CN¥0.56 (vs CN¥0.51 in 1H 2023)

Nongfu Spring Co., Ltd. to Report First Half, 2024 Results on Aug 27, 2024

Founder recently bought €4.0m worth of stock

Founder recently bought €14m worth of stock

Nongfu Spring Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2023, Payable on August 28, 2024

Upcoming dividend of CN¥0.75 per share

Dividend of CN¥0.75 announced

Nongfu Spring Co., Ltd., Annual General Meeting, May 21, 2024

Full year 2023 earnings released: EPS: CN¥1.07 (vs CN¥0.76 in FY 2022)

Nongfu Spring Co., Ltd. Announces Directorate Resignations

Nongfu Spring Co., Ltd. to Report Fiscal Year 2023 Results on Mar 26, 2024

Less than half of directors are independent

Nongfu Spring Co., Ltd. Announces Executive Changes

Now 23% overvalued

First half 2023 earnings released: EPS: CN¥0.51 (vs CN¥0.41 in 1H 2022)

Nongfu Spring Co., Ltd. to Report First Half, 2023 Results on Aug 29, 2023

Nongfu Spring Co., Ltd. Approves Final Dividend for the Year Ended 31 December 2022, Payable on 30 August 2023

Upcoming dividend of CN¥0.68 per share at 1.8% yield

Full year 2022 earnings released: EPS: CN¥0.76 (vs CN¥0.64 in FY 2021)

Less than half of directors are independent

First half 2022 earnings released: EPS: CN¥0 (vs CN¥0.36 in 1H 2021)

Nongfu Spring Co., Ltd. to Report Q2, 2022 Results on Aug 24, 2022

Nongfu Spring Co., Ltd. Announces Final Dividend for the Year Ended December 31, 2021, Payable 08 July 2022

Upcoming dividend of CN¥0.45 per share

Deputy GM & Executive Director recently sold €1.0m worth of stock

Full year 2021 earnings released: EPS: CN¥0.64 (vs CN¥0.48 in FY 2020)

Less than half of directors are independent

Full year 2021 earnings released

Nongfu Spring Co., Ltd. Proposes Final Dividend for the Year Ended December 31, 2021, Payable on August 31, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

First half 2021 earnings released: EPS CN¥0.36 (vs CN¥0.27 in 1H 2020)

First half 2021 earnings released: EPS CN¥0.36 (vs CN¥0.27 in 1H 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS CN¥0.48 (vs CN¥0.46 in FY 2019)

Nongfu Spring Co., Ltd. Proposes Payment of Final Dividend for the Year Ended December 31, 2020

Full year 2020 earnings released: EPS CN¥0.48 (vs CN¥0.46 in FY 2019)

Nongfu Spring Co., Ltd. to Report Fiscal Year 2020 Results on Mar 25, 2021

Investor sentiment deteriorated over the past week

New 90-day high: €6.85

New 90-day high: €5.10

Nongfu Spring Co., Ltd. has filed an IPO in the amount of HKD 8.346984 billion.

First half earnings released

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

Discover growth companies

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources