Vitasoy International Holdings (0345) AI Stock Analysis

• Market Cap: HK$7.78B
• Dividend Yield: 1.91%
• Average Volume (3M): 1.87M
• Price to Earnings (P/E): 33.8
• Beta (1Y): 0.45
• Revenue Growth: 0.91%
• EPS Growth: 101.66%
• Country: HK
• Employees: 6,067
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.06
• Shares Outstanding: 1,049,545,000
• 10 Day Avg. Volume: 2,000,712
• 30 Day Avg. Volume: 1,871,773
• PEG Ratio: 0.46
• Price to Book (P/B): 3.49
• Price to Sales (P/S): 1.72
• P/FCF Ratio: 14.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 2.48
• Revenue Forecast (FY): HK$49.47B

• Rating: 57 Neutral
• Price Target: HK$8.50 ▲(5.46% Upside)

Vitasoy International Holdings' overall stock score is driven primarily by its solid financial performance, which is offset by bearish technical indicators and a high valuation. The company's strong cash flow and stable balance sheet are positive factors, but the current market sentiment and valuation concerns weigh on the stock's attractiveness.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion in the plant-based sector.

Cash Flow Generation

Strong cash flow generation enhances financial flexibility, enabling the company to invest in growth opportunities and withstand economic fluctuations.

Balance Sheet Health

A strong balance sheet with low leverage provides a solid foundation for sustainable growth and reduces financial risk, supporting long-term stability.

Negative Factors

Net Profit Margin

Low net profit margins may limit the company's ability to reinvest in growth and improve shareholder returns, potentially impacting long-term profitability.

Market Sentiment

Bearish market sentiment can affect investor confidence and stock performance, potentially impacting the company's ability to raise capital for future projects.

Profitability Challenges

While operational efficiency is improving, the company still faces challenges in achieving higher profitability, which may affect its competitive position.

Vitasoy International Holdings Business Overview & Revenue Model

Company Description

Vitasoy International Holdings (0345) is a leading manufacturer of plant-based beverages and food products, specializing in soy milk, tofu, and other plant-derived nutritional products. Founded in Hong Kong in 1940, the company operates primarily in the Asia-Pacific region, with a strong focus on health-conscious consumers. Vitasoy's product portfolio includes various flavors of soy milk, nut milk, and other dairy alternatives, catering to the growing demand for vegetarian and vegan options.

How the Company Makes Money

Vitasoy generates revenue primarily through the sale of its plant-based products, which include soy milk, tofu, and other food items. The company has established a robust distribution network that includes supermarkets, convenience stores, and online platforms, allowing it to reach a wide customer base. Key revenue streams include both domestic sales in Hong Kong and international sales across markets like mainland China, Australia, and other regions. In addition to direct product sales, Vitasoy benefits from strategic partnerships with retailers and distributors that enhance market penetration. The company also invests in marketing and brand development to increase consumer awareness and drive sales in the competitive plant-based market.

Vitasoy International Holdings Financial Statement Overview

Summary

Vitasoy International Holdings exhibits solid financial performance with strong revenue growth and improved margins. The balance sheet is stable with low leverage, and cash flow generation is robust. While profitability metrics show improvement, there is potential for further enhancement. The company is well-positioned for sustainable growth in the packaged foods industry.

Income Statement

Vitasoy International Holdings has shown a positive revenue growth rate of 6.7% in the latest year, recovering from previous declines. The gross profit margin has improved to 51.3%, indicating efficient cost management. However, the net profit margin remains relatively low at 3.7%, suggesting room for improvement in profitability. The EBIT and EBITDA margins have also improved, reflecting better operational efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.18, indicating low leverage and financial stability. Return on equity has improved to 7.6%, showing better utilization of shareholder funds. The equity ratio is strong, suggesting a solid financial foundation. However, the company should continue to focus on enhancing profitability to further strengthen its balance sheet.

Cash Flow

Vitasoy's free cash flow growth rate of 7.79% is a positive indicator of its cash-generating ability. The operating cash flow to net income ratio is robust at 0.40, demonstrating strong cash flow management. The free cash flow to net income ratio of 0.85 indicates efficient conversion of profits into cash. Overall, the cash flow position is strong, supporting future growth and investment.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.27B	6.27B	6.22B	6.34B	6.50B	7.52B
Gross Profit	3.16B	3.22B	3.10B	3.01B	3.07B	3.95B
EBITDA	689.50M	860.30M	601.23M	610.95M	346.77M	1.27B
Net Income	124.20M	234.67M	116.37M	45.72M	-158.75M	548.35M
Balance Sheet
Total Assets	6.08B	5.65B	5.64B	5.85B	6.81B	7.28B
Cash, Cash Equivalents and Short-Term Investments	1.34B	1.27B	794.45M	555.29M	621.86M	970.52M
Total Debt	685.58M	563.65M	558.85M	660.87M	677.59M	335.74M
Total Liabilities	2.81B	2.47B	2.52B	2.75B	3.24B	3.32B
Stockholders Equity	3.16B	3.08B	3.00B	2.98B	3.26B	3.62B
Cash Flow
Free Cash Flow	681.26M	734.33M	644.25M	314.88M	-285.12M	609.90M
Operating Cash Flow	824.07M	859.02M	790.54M	502.36M	124.39M	1.26B
Investing Cash Flow	-131.92M	65.89M	-294.29M	-189.16M	-400.26M	-636.70M
Financing Cash Flow	-71.81M	-298.24M	-403.49M	-366.25M	-84.83M	-552.41M

Vitasoy International Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0345, the sentiment is Negative. The current price of 8.06 is above the 20-day moving average (MA) of 7.83, below the 50-day MA of 8.37, and below the 200-day MA of 9.10, indicating a bearish trend. The MACD of -0.30 indicates Positive momentum. The RSI at 22.68 is Positive, neither overbought nor oversold. The STOCH value of 13.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0345.

Vitasoy International Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1579	66 Neutral	HK$11.66B	14.57	16.58%	6.12%	1.10%	-7.88%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
9676	62 Neutral	HK$14.46B	39.10	5.56%	2.27%	―	―
1112	58 Neutral	HK$7.51B	―	-4.66%	1.95%	-2.15%	-202.71%
1475	58 Neutral	HK$6.95B	36.88	5.18%	1.44%	7.44%	-42.52%
1610	58 Neutral	HK$7.61B	11.67	6.29%	―	100.45%	2.89%
0345	57 Neutral	HK$7.78B	33.84	7.71%	1.91%	0.91%	101.66%

Vitasoy International Holdings Corporate Events

Vitasoy International Enhances Governance with New Committee Terms

Vitasoy International Holdings has outlined the terms of reference for its Remuneration and Nomination Committee, emphasizing the importance of independent non-executive directors in its governance structure. The committee is tasked with overseeing the remuneration policies for directors and senior management, ensuring alignment with the company’s strategic goals and promoting long-term success. This move is aimed at enhancing transparency and accountability in the company’s remuneration practices, potentially impacting its operational efficiency and stakeholder trust.

The most recent analyst rating on (HK:0345) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Vitasoy International Holdings stock, see the HK:0345 Stock Forecast page.

Vitasoy Enhances Governance with New Audit Committee Terms

Vitasoy International Holdings has outlined the terms of reference for its Audit Committee, emphasizing the importance of independent oversight in its governance structure. The committee will be composed of non-executive directors, primarily independent ones, and will focus on financial reporting, internal control, and risk management. This move is likely to enhance the company’s transparency and accountability, potentially strengthening its position in the market and reassuring stakeholders of its commitment to robust governance practices.

The most recent analyst rating on (HK:0345) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Vitasoy International Holdings stock, see the HK:0345 Stock Forecast page.

Vitasoy International Holdings Sets Remuneration and Nomination Committee Guidelines

Vitasoy International Holdings has outlined the terms of reference for its Remuneration and Nomination Committee. The committee, primarily composed of Independent Non-executive Directors, is tasked with overseeing the remuneration policies and structures for the company’s directors and senior management. This includes ensuring that remuneration aligns with the company’s culture, risk appetite, and long-term strategic goals, and that a significant portion of remuneration is linked to corporate and individual performance. The committee’s responsibilities also extend to reviewing and approving performance-related pay schemes and employee share schemes, ensuring transparency and alignment with corporate objectives.

The most recent analyst rating on (HK:0345) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Vitasoy International Holdings stock, see the HK:0345 Stock Forecast page.

Vitasoy Successfully Passes All Resolutions at AGM

Vitasoy International Holdings Limited announced the successful passing of all proposed resolutions during its Annual General Meeting held on August 25, 2025. The resolutions included the adoption of financial statements, approval of a final dividend, re-election of directors, and amendments to the Articles of Association, reflecting strong shareholder support and strategic governance decisions.

The most recent analyst rating on (HK:0345) stock is a Hold with a HK$10.00 price target. To see the full list of analyst forecasts on Vitasoy International Holdings stock, see the HK:0345 Stock Forecast page.