Pop Mart International Group Limited

SEHK:9992 Stock Report

Market Cap: HK$110.7b

Pop Mart International Group Valuation

Is 9992 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9992 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9992 (HK$83.45) is trading above our estimate of fair value (HK$51.61)

Significantly Below Fair Value: 9992 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9992?

Key metric: As 9992 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9992. This is calculated by dividing 9992's market cap by their current earnings.
What is 9992's PE Ratio?
PE Ratio67.5x
EarningsCN¥1.53b
Market CapCN¥103.02b

Price to Earnings Ratio vs Peers

How does 9992's PE Ratio compare to its peers?

The above table shows the PE ratio for 9992 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average9.3x
1929 Chow Tai Fook Jewellery Group
10.9x7.3%HK$70.7b
590 Luk Fook Holdings (International)
4.9x2.0%HK$8.7b
178 Sa Sa International Holdings
13.5x4.1%HK$2.0b
398 Oriental Watch Holdings
7.8xn/aHK$1.8b
9992 Pop Mart International Group
67.5x35.4%HK$110.7b

Price-To-Earnings vs Peers: 9992 is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the peer average (9.3x).

Price to Earnings Ratio vs Industry

How does 9992's PE Ratio compare vs other companies in the HK Specialty Retail Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
84 Stelux Holdings International
0.2xn/aUS$10.26m
No more companies available in this PE range
9992 67.5xIndustry Avg. 8.6xNo. of Companies6PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9992 is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the Hong Kong Specialty Retail industry average (8.6x).

Price to Earnings Ratio vs Fair Ratio

What is 9992's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9992 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio67.5x
Fair PE Ratio20.3x

Price-To-Earnings vs Fair Ratio: 9992 is expensive based on its Price-To-Earnings Ratio (67.5x) compared to the estimated Fair Price-To-Earnings Ratio (20.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9992 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$83.45
HK$80.40
-3.7%
16.1%HK$107.91HK$49.49n/a14
Nov ’25HK$71.50
HK$77.02
+7.7%
12.0%HK$88.08HK$50.27n/a14
Oct ’25HK$53.25
HK$53.85
+1.1%
6.3%HK$60.87HK$48.66n/a13
Sep ’25HK$45.85
HK$53.34
+16.3%
8.5%HK$61.01HK$42.40n/a13
Aug ’25HK$40.30
HK$43.33
+7.5%
16.2%HK$52.04HK$29.85n/a14
Jul ’25HK$38.25
HK$36.01
-5.9%
19.6%HK$47.72HK$25.75n/a14
Jun ’25HK$37.10
HK$35.33
-4.8%
18.2%HK$47.83HK$25.81n/a14
May ’25HK$33.90
HK$32.85
-3.1%
13.5%HK$39.95HK$25.86n/a15
Apr ’25HK$28.75
HK$30.03
+4.5%
14.6%HK$37.97HK$18.95n/a15
Mar ’25HK$21.15
HK$27.37
+29.4%
14.5%HK$32.56HK$19.85n/a13
Feb ’25HK$18.08
HK$27.33
+51.2%
14.5%HK$32.54HK$19.84n/a13
Jan ’25HK$20.25
HK$28.12
+38.9%
13.9%HK$32.93HK$20.08n/a13
Dec ’24HK$22.95
HK$27.97
+21.9%
14.2%HK$32.70HK$20.27n/a12
Nov ’24HK$21.45
HK$27.42
+27.8%
14.3%HK$32.00HK$19.84HK$71.5012
Oct ’24HK$23.15
HK$26.78
+15.7%
15.4%HK$31.81HK$19.85HK$53.2511
Sep ’24HK$25.50
HK$25.80
+1.2%
14.1%HK$32.00HK$19.97HK$45.8512
Aug ’24HK$21.75
HK$23.33
+7.2%
12.1%HK$30.07HK$20.05HK$40.3011
Jul ’24HK$17.42
HK$22.99
+32.0%
13.2%HK$30.00HK$19.12HK$38.2511
Jun ’24HK$17.54
HK$23.65
+34.8%
12.1%HK$29.61HK$19.78HK$37.1011
May ’24HK$18.94
HK$23.93
+26.4%
12.0%HK$29.99HK$20.03HK$33.9011
Apr ’24HK$21.40
HK$26.21
+22.5%
29.9%HK$48.05HK$20.04HK$28.7510
Mar ’24HK$24.30
HK$26.62
+9.6%
34.9%HK$48.07HK$13.82HK$21.1510
Feb ’24HK$25.50
HK$25.71
+0.8%
39.8%HK$48.54HK$13.08HK$18.0810
Jan ’24HK$19.82
HK$24.80
+25.1%
40.1%HK$47.60HK$12.82HK$20.2510
Dec ’23HK$17.20
HK$23.42
+36.2%
41.1%HK$45.20HK$12.48HK$22.9510
Nov ’23HK$11.16
HK$28.29
+153.5%
37.6%HK$44.90HK$12.40HK$21.4512

Analyst Forecast: Target price is lower than the current share price.

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