| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 3/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
9633 Stock Overview
Nongfu Spring Co., Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China.
Rewards
Risk Analysis
No risks detected for 9633 from our risk checks.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$44.20 |
| 52 Week High | HK$67.60 |
| 52 Week Low | HK$36.50 |
| Beta | 0 |
| 1 Month Change | -10.16% |
| 3 Month Change | 14.66% |
| 1 Year Change | -27.42% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 33.54% |
Recent News & Updates
We Like Nongfu Spring's (HKG:9633) Returns And Here's How They're Trending
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Statutory Profit Doesn't Reflect How Good Nongfu Spring's (HKG:9633) Earnings Are
Nongfu Spring Co., Ltd.'s ( HKG:9633 ) strong earnings report was rewarded with a positive stock price move. Our...
Do Nongfu Spring's (HKG:9633) Earnings Warrant Your Attention?
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Shareholder Returns
| 9633 | HK Beverage | HK Market | |
|---|---|---|---|
| 7D | -1.4% | -2.1% | -0.2% |
| 1Y | -27.4% | -24.7% | -16.2% |
Return vs Industry: 9633 underperformed the Hong Kong Beverage industry which returned -24.7% over the past year.
Return vs Market: 9633 underperformed the Hong Kong Market which returned -16.2% over the past year.
Price Volatility
| 9633 volatility | |
|---|---|
| 9633 Average Weekly Movement | 5.7% |
| Beverage Industry Average Movement | 5.7% |
| Market Average Movement | 6.7% |
| 10% most volatile stocks in HK Market | 13.2% |
| 10% least volatile stocks in HK Market | 3.0% |
Stable Share Price: 9633 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 9633's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | 20,773 | Shanshan Zhong | https://www.nongfuspring.com |
Nongfu Spring Co., Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China. It operates through five segments: Water Products, Functional Drinks Products, Ready-To-Drink Tea Products, Juice Beverage Products, and Other Products. The company also offers tea and coffee drink products, functional drink products, fruit juice products, plant-based yogurts, and fresh oranges and apples, as well as supply chain management.
Nongfu Spring Fundamentals Summary
| 9633 fundamental statistics | |
|---|---|
| Market Cap | CN¥397.04b |
| Earnings (TTM) | CN¥6.43b |
| Revenue (TTM) | CN¥26.51b |
63.0x
P/E Ratio15.3x
P/S RatioIs 9633 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 9633 income statement (TTM) | |
|---|---|
| Revenue | CN¥26.51b |
| Cost of Revenue | CN¥10.67b |
| Gross Profit | CN¥15.84b |
| Expenses | CN¥9.41b |
| Earnings | CN¥6.43b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.57 |
| Gross Margin | 59.75% |
| Net Profit Margin | 24.24% |
| Debt/Equity Ratio | 9.8% |
How did 9633 perform over the long term?
See historical performance and comparisonDividends
0.5%
Current Dividend Yield30%
Payout RatioValuation
Is Nongfu Spring undervalued compared to its fair value and its price relative to the market?
63x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 9633 (HK$44.2) is trading above our estimate of fair value (HK$26.53)
Significantly Below Fair Value: 9633 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 9633 is poor value based on its PE Ratio (63x) compared to the Hong Kong Beverage industry average (26.3x).
PE vs Market: 9633 is poor value based on its PE Ratio (63x) compared to the Hong Kong market (9.1x).
Price to Earnings Growth Ratio
PEG Ratio: 9633 is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: 9633 is overvalued based on its PB Ratio (23x) compared to the HK Beverage industry average (0.7x).
Future Growth
How is Nongfu Spring forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
12.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 9633's forecast earnings growth (12.6% per year) is above the savings rate (1.5%).
Earnings vs Market: 9633's earnings (12.6% per year) are forecast to grow slower than the Hong Kong market (16.1% per year).
High Growth Earnings: 9633's earnings are forecast to grow, but not significantly.
Revenue vs Market: 9633's revenue (15.8% per year) is forecast to grow faster than the Hong Kong market (11.6% per year).
High Growth Revenue: 9633's revenue (15.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 9633's Return on Equity is forecast to be high in 3 years time (32.3%)
Past Performance
How has Nongfu Spring performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 9633 has high quality earnings.
Growing Profit Margin: 9633's current net profit margins (24.2%) are higher than last year (21.2%).
Past Earnings Growth Analysis
Earnings Trend: 9633's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: 9633's earnings growth over the past year (30.2%) exceeds its 5-year average (16.6% per year).
Earnings vs Industry: 9633 earnings growth over the past year (30.2%) underperformed the Beverage industry 44.2%.
Return on Equity
High ROE: 9633's Return on Equity (36.5%) is considered high.
Financial Health
How is Nongfu Spring's financial position?
Financial Position Analysis
Short Term Liabilities: 9633's short term assets (CN¥15.7B) exceed its short term liabilities (CN¥12.2B).
Long Term Liabilities: 9633's short term assets (CN¥15.7B) exceed its long term liabilities (CN¥531.2M).
Debt to Equity History and Analysis
Debt Level: 9633 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 9633's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9633's debt is well covered by operating cash flow (611.1%).
Interest Coverage: 9633 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is Nongfu Spring current dividend yield, its reliability and sustainability?
0.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 9633's dividend (0.47%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.32%).
High Dividend: 9633's dividend (0.47%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).
Stability and Growth of Payments
Stable Dividend: 9633 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.
Growing Dividend: 9633 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: 9633 is not paying a notable dividend for the Hong Kong market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 9633's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
Shanshan Zhong (67 yo)
25.33yrs
Tenure
Mr. Shanshan Zhong Founded Nongfu Spring Co., Ltd. in September 1996 and has been its Chairman of the Board and Executive Director since June 10, 2001 and the General Manager since May 5, 2005. He founded...
Leadership Team
Experienced Management: 9633's management team is considered experienced (2.3 years average tenure).
Board Members
Experienced Board: 9633's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Nongfu Spring Co., Ltd.'s employee growth, exchange listings and data sources
Key Information
- Name: Nongfu Spring Co., Ltd.
- Ticker: 9633
- Exchange: SEHK
- Founded: 1996
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: HK$487.534b
- Shares outstanding: 11.25b
- Website: https://www.nongfuspring.com
Number of Employees
Location
- Nongfu Spring Co., Ltd.
- No.181 Geyazhuang Road
- Xihu District
- Hangzhou
- Zhejiang Province
- 310024
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 10:07 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.