MIXUE Group Class H (HK:2097)
:2097
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MIXUE Group Class H
(2097)
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Rating:73Outperform
Price Target:
HK$332.00
▲(15.84% Upside)
Action:ReiteratedDate:04/27/26
Strong overall score driven primarily by exceptional financial strength (rapid growth, healthy margins, minimal leverage, and strong free cash flow). Offsetting this is weaker technical positioning (below longer-term moving averages with negative MACD) and a moderate-to-high P/E without a provided dividend yield to support valuation.
Positive Factors
Accelerating revenue growth
Sustained, accelerating top-line growth expands scale and market presence, enabling stronger unit economics and bargaining power with suppliers. Over 2–6 months this supports reinvestment capacity, store/network expansion and the ability to absorb cost shocks while funding strategic initiatives.
Negative Factors
Margin compression versus prior peaks
Even with net margins near 17–18%, deterioration from prior peaks signals rising cost pressure or competitive pricing. If persistent, margin erosion reduces free cash flow and return on incremental investment, limiting the firm's ability to sustain high reinvestment or dividend policies.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Sustained, accelerating top-line growth expands scale and market presence, enabling stronger unit economics and bargaining power with suppliers. Over 2–6 months this supports reinvestment capacity, store/network expansion and the ability to absorb cost shocks while funding strategic initiatives.
Read all positive factors
MIXUE Group Class H (2097) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$110.39B
Dividend YieldN/A
Average Volume (3M)655.71K
Price to Earnings (P/E)24.1
Beta (1Y)-0.09
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees7,025
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)N/A
Shares Outstanding150,883,060
10 Day Avg. Volume1,047,413
30 Day Avg. Volume655,708
Financial Highlights & Ratios
PEG Ratio0.82
Price to Book (P/B)5.66
Price to Sales (P/S)4.23
P/FCF Ratio25.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$405.94Price Target Upside41.64% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MIXUE Group Class H Business Overview & Revenue Model
Company Description
MIXUE Group produces and sells fruit drinks, tea drinks, and ice cream and coffee products in Mainland China and internationally. The company provides ingredients, packaging materials, and store equipment to franchisees. It offers its products und...
How the Company Makes Money
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MIXUE Group Class H Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.04B | 32.69B | 24.83B | 20.30B | 13.58B | 10.35B |
| Gross Profit | 6.73B | 10.19B | 8.06B | 6.00B | 3.85B | 3.24B |
| EBITDA | 4.88B | 7.67B | 6.24B | 4.44B | 2.85B | 2.67B |
| Net Income | 3.64B | 5.73B | 4.44B | 3.14B | 2.00B | 1.91B |
Balance Sheet | ||||||
| Total Assets | 27.29B | 30.81B | 19.78B | 14.59B | 9.95B | 7.32B |
| Cash, Cash Equivalents and Short-Term Investments | 14.87B | 17.33B | 9.13B | 6.38B | 4.63B | 3.58B |
| Total Debt | 111.11M | 187.34M | 92.55M | 386.17M | 281.64M | 142.76M |
| Total Liabilities | 5.91B | 6.03B | 4.72B | 4.00B | 2.47B | 1.77B |
| Stockholders Equity | 21.25B | 24.46B | 14.96B | 10.51B | 7.45B | 5.54B |
Cash Flow | ||||||
| Free Cash Flow | 3.63B | 5.35B | 4.56B | 2.10B | 1.17B | 740.02M |
| Operating Cash Flow | 4.18B | 6.04B | 6.01B | 3.79B | 2.43B | 1.69B |
| Investing Cash Flow | -5.27B | -6.36B | -7.02B | -825.34M | -2.20B | -1.83B |
| Financing Cash Flow | 3.56B | 3.51B | -277.44M | -111.32M | -139.26M | 726.65M |
MIXUE Group Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$527.68B | 30.61 | 42.43% | 1.73% | 22.57% | 31.01% | |
74 Outperform | HK$10.24B | 12.99 | 12.69% | 3.62% | 2.61% | -0.12% | |
73 Outperform | HK$110.39B | 24.14 | 20.39% | ― | ― | ― | |
71 Outperform | HK$32.05B | 15.79 | 15.41% | 5.64% | 4.51% | 10.64% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | HK$21.03B | 22.58 | ― | 6.30% | ― | ― | |
54 Neutral | HK$239.42M | -19.23 | -6.67% | ― | -3.29% | -22.01% |
* Consumer Defensive Sector Average
HK:2097
MIXUE Group Class H
286.00
-202.00
-41.39%
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7.56
-1.33
-14.96%
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46.50
11.46
32.71%
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24.02%
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MIXUE Group Class H Corporate Events
MIXUE Group Overhauls Leadership as It Advances Multi-Brand Global Strategy
Mar 24, 2026
MIXUE Group has reshaped its top management and supervisory structure, appointing founder Zhang Hongfu as co-chairman while he steps down as chief executive officer to focus on long-term strategy, culture, public welfare and innovation. Zhang Yuan...
MIXUE Group Delivers Strong 2025 Revenue and Profit Growth on Franchise Expansion
Mar 24, 2026
MIXUE Group, a China-based beverage and dessert franchise operator, generates most of its revenue from sales of goods and equipment to franchised outlets, supplemented by franchise and related service income. Its growth strategy relies on expandin...
MIXUE Group Sets March 24 Board Meeting to Approve 2025 Results and Consider Dividend
Mar 12, 2026
MIXUE Group has scheduled a board meeting for March 24, 2026 to review and approve the company’s audited final results for the financial year ended December 31, 2025 and to authorize their publication. The board will also consider whether 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.