China Modern Dairy Holdings Ltd. (HK:1117)
:1117
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China Modern Dairy Holdings Ltd.
(1117)
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Rating:55Neutral
Price Target:
HK$1.50
▲(1.35% Upside)
Action:ReiteratedDate:11/30/25
The overall stock score of 55 reflects significant financial challenges, including negative profitability and liquidity issues, despite some positive technical indicators. The valuation is also concerning due to a negative P/E ratio, suggesting caution for potential investors.
Positive Factors
Scale and market position
China Modern Dairy’s large-scale farm operations and integrated production model support durable cost advantages and supply reliability. Scale enables better herd genetics, consistent quality and bargaining power with distributors, underpinning long-term competitive positioning in China’s growing dairy market.
Negative Factors
Severe cash flow stress
Operating and free cash flow drying up is a critical structural weakness: it constrains reinvestment, debt servicing and working capital for farms. Persistent cash-generation shortfalls increase refinancing risk and limit the company’s ability to fund herd maintenance and growth without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale and market position
China Modern Dairy’s large-scale farm operations and integrated production model support durable cost advantages and supply reliability. Scale enables better herd genetics, consistent quality and bargaining power with distributors, underpinning long-term competitive positioning in China’s growing dairy market.
Read all positive factors
China Modern Dairy Holdings Ltd. (1117) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$11.68B
Dividend Yield0.86%
Average Volume (3M)15.73M
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue Growth-2.69%
EPS Growth-695.87%
CountryHK
Employees9,007
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-0.03
Shares Outstanding7,915,662,000
10 Day Avg. Volume12,622,842
30 Day Avg. Volume15,732,775
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.71
Price to Sales (P/S)0.51
P/FCF Ratio-3.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$1.87Price Target Upside26.35% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.06
Revenue Forecast (FY)HK$13.54B
China Modern Dairy Holdings Ltd. Business Overview & Revenue Model
Company Description
China Modern Dairy Holdings Ltd., an investment holding company, produces and sells milk in Mainland China. It produces and sells raw milk to customers for processing into dairy products; and liquid milk products. The company is also involved in b...
How the Company Makes Money
China Modern Dairy Holdings Ltd. generates revenue primarily through the sale of its dairy products, including liquid milk, yogurt, and cheese, to both retail consumers and food service providers. The company benefits from economies of scale due t...
China Modern Dairy Holdings Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.91B | 13.25B | 13.46B | 12.30B | 7.08B | 6.02B |
| Gross Profit | 3.38B | 3.45B | 3.13B | 3.27B | 2.55B | 2.46B |
| EBITDA | 2.57B | 2.60B | 1.19B | 1.40B | 1.58B | 2.15B |
| Net Income | -2.10B | -1.42B | 175.16M | 562.50M | 1.02B | 770.01M |
Balance Sheet | ||||||
| Total Assets | 33.39B | 33.94B | 31.39B | 28.82B | 23.67B | 15.57B |
| Cash, Cash Equivalents and Short-Term Investments | 3.90B | 3.06B | 1.96B | 2.14B | 1.89B | 1.17B |
| Total Debt | 19.28B | 16.90B | 13.52B | 13.54B | 9.06B | 5.86B |
| Total Liabilities | 23.33B | 22.82B | 19.55B | 17.18B | 12.56B | 7.53B |
| Stockholders Equity | 8.53B | 9.53B | 11.20B | 11.26B | 10.86B | 7.90B |
Cash Flow | ||||||
| Free Cash Flow | -1.94B | -2.02B | 1.12B | -2.48B | -125.57M | 454.39M |
| Operating Cash Flow | 2.50B | 2.40B | 5.45B | 1.58B | 1.87B | 1.94B |
| Investing Cash Flow | -4.13B | -3.97B | -3.88B | -3.99B | -2.87B | -765.73M |
| Financing Cash Flow | 1.51B | 2.00B | -1.63B | 2.59B | 1.64B | -963.99M |
China Modern Dairy Holdings Ltd. Technical Analysis
Positive
1.48
Price Trends
1.49
Negative
1.45
Positive
1.33
Positive
Market Momentum
-0.02
Negative
53.26
Neutral
49.52
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1117, the sentiment is Positive. The current price of 1.48 is above the 20-day moving average (MA) of 1.45, below the 50-day MA of 1.49, and above the 200-day MA of 1.33, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.26 is Neutral, neither overbought nor oversold. The STOCH value of 49.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1117.
China Modern Dairy Holdings Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$1.59B | 1.96 | 10.09% | ― | 13.78% | 432.26% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | HK$11.68B | -10.36 | -23.27% | 0.86% | -2.69% | -695.87% | |
54 Neutral | HK$17.65B | -42.17 | -3.91% | ― | 3.07% | -64.23% | |
53 Neutral | HK$2.85B | -7.07 | 0.82% | 0.69% | -7.11% | ― |
* Consumer Defensive Sector Average
HK:1117
China Modern Dairy Holdings Ltd.
1.48
0.44
42.31%
HK:1431
YuanShengTai Dairy Farm
0.34
0.12
54.55%
HK:1432
China Shengmu Organic Milk Ltd
0.34
0.16
87.85%
HK:9858
China Youran Dairy Group Limited
4.21
1.80
74.69%
China Modern Dairy Holdings Ltd. Corporate Events
China Modern Dairy Updates Market on Conditions for Possible Takeover of China Shengmu
Jan 19, 2026
China Modern Dairy Holdings Ltd. has provided a monthly update on its proposed mandatory conditional cash offer for all issued shares of China Shengmu Organic Milk Limited not already owned or agreed to be acquired by CMD and Start Great Holdings ...
China Modern Dairy Shareholders Approve Resolution Backing China Shengmu Offer
Jan 16, 2026
China Modern Dairy Holdings Ltd. has announced that shareholders approved, by poll at an extraordinary general meeting held on 16 January 2026, a key resolution related to its previously flagged plan for a mandatory conditional cash offer for all ...
China Modern Dairy Calls Online EGM to Approve Acquisition and Mandatory Cash Offer
Dec 24, 2025
China Modern Dairy Holdings Ltd. has called an extraordinary general meeting for 16 January 2026, to be held exclusively via an online platform, where shareholders will vote on approving and ratifying a series of share purchase agreements and an a...
China Modern Dairy Updates Market on Conditional Takeover Offer for China Shengmu
Dec 19, 2025
China Modern Dairy Holdings Ltd. and China Shengmu Organic Milk Limited have issued a joint update on the proposed mandatory conditional cash offer by CLSA Limited, on behalf of China Modern Dairy, to acquire all issued shares of China Shengmu not...
China Modern Dairy Delays Circular Dispatch for Major Transaction
Dec 15, 2025
China Modern Dairy Holdings Ltd. announced a delay in the dispatch of its circular related to a major and connected transaction involving the acquisition of shares in China Shengmu Organic Milk Limited. The delay is due to the additional time requ...
China Modern Dairy Extends Offer Document Dispatch Timeline for Shengmu Acquisition
Nov 20, 2025
China Modern Dairy Holdings Ltd. has announced an extension for the dispatch of the offer document related to a possible mandatory conditional cash offer to acquire all issued shares of China Shengmu Organic Milk Limited. This extension is due to ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.