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Dekon Food And Agriculture Group Class H
(2419)
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Rating:52Neutral
Price Target:
HK$55.00
▼(-20.63% Downside)
Action:Reiterated
Date:07/03/26
The score is held back mainly by weak technical momentum (below key moving averages with negative MACD) and deteriorating 2025 cash generation despite remaining positive. Balance sheet improvement and a reasonable valuation (P/E ~11 with a ~2.07% yield) provide partial support but do not fully offset the volatility in profitability and the sharp drop in free cash flow.
Positive Factors
Improved leverage
A materially lower debt-to-equity (from ~2.17x to ~0.66x) reduces financial risk and interest burden, improving credit metrics and flexibility. This stronger capital structure supports durable ability to fund operations, absorb shocks and pursue capex or deleveraging over the next months.
Negative Factors
Collapse in free cash flow
A ~77% drop in FCF materially impairs internal funding for capex, dividends and debt reduction. Persisting weak cash conversion heightens reliance on external financing, raises refinancing and liquidity risk, and constrains strategic flexibility for several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
A materially lower debt-to-equity (from ~2.17x to ~0.66x) reduces financial risk and interest burden, improving credit metrics and flexibility. This stronger capital structure supports durable ability to fund operations, absorb shocks and pursue capex or deleveraging over the next months.
Read all positive factors
Dekon Food And Agriculture Group Class H (2419) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.14B
Dividend Yield1.87%
Average Volume (3M)942.08K
Price to Earnings (P/E)12.1
Beta (1Y)0.21
Revenue Growth3.10%
EPS Growth-65.31%
CountryHK
Employees11,363
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)3.68
Shares Outstanding157,588,460
10 Day Avg. Volume524,321
30 Day Avg. Volume942,077
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)2.77
Price to Sales (P/S)1.09
P/FCF Ratio25.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$105.40Price Target Upside52.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.41
Revenue Forecast (FY)HK$24.45B
Dekon Food And Agriculture Group Class H Business Overview & Revenue Model
Company Description
Dekon Food & Agriculture Group functions as a holding company, primarily dedicated to the raising and cultivation of pigs and yellow-feathered broilers. Its diverse subsidiaries are involved in providing an array of products, such as market hogs, ...
Dekon Food And Agriculture Group Class H Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.56B | 22.46B | 16.09B | 15.04B | 9.90B |
| Gross Profit | 2.98B | 4.99B | 123.99M | 2.24B | 815.85M |
| EBITDA | 2.70B | 4.13B | -428.60M | 2.39B | 336.95M |
| Net Income | 1.40B | 4.10B | -1.77B | 992.87M | -3.61B |
Balance Sheet | |||||
| Total Assets | 23.46B | 23.06B | 18.93B | 19.30B | 15.77B |
| Cash, Cash Equivalents and Short-Term Investments | 4.74B | 5.23B | 2.60B | 4.06B | 2.51B |
| Total Debt | 5.83B | 6.98B | 8.59B | 9.06B | 8.09B |
| Total Liabilities | 14.53B | 14.47B | 15.08B | 14.24B | 11.64B |
| Stockholders Equity | 8.86B | 8.48B | 3.95B | 5.58B | 4.86B |
Cash Flow | |||||
| Free Cash Flow | 973.81M | 4.39B | -566.01M | 780.11M | -2.93B |
| Operating Cash Flow | 2.68B | 5.36B | 738.74M | 2.21B | 165.26M |
| Investing Cash Flow | -1.13B | -1.56B | -689.45M | -1.25B | -1.76B |
| Financing Cash Flow | -1.69B | -1.86B | -344.26M | 89.01M | 1.45B |
Dekon Food And Agriculture Group Class H Technical Analysis
Positive
69.30
Price Trends
51.57
Positive
61.05
Negative
66.75
Negative
Market Momentum
0.37
Negative
55.21
Neutral
75.29
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2419, the sentiment is Positive. The current price of 69.3 is above the 20-day moving average (MA) of 46.44, above the 50-day MA of 51.57, and above the 200-day MA of 66.75, indicating a neutral trend. The MACD of 0.37 indicates Negative momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 75.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2419.
Dekon Food And Agriculture Group Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | HK$401.20M | 22.31 | 6.55% | ― | 11.61% | 20.33% | |
66 Neutral | HK$1.06B | 1.70 | 10.09% | ― | 7.17% | 87.17% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | HK$8.14B | 12.15 | 15.66% | 1.33% | 3.10% | -65.31% | |
45 Neutral | HK$2.89B | -6.65 | 0.82% | 0.69% | -3.59% | -455.68% | |
42 Neutral | HK$14.96B | -25.94 | -3.93% | ― | 2.80% | 38.43% | |
42 Neutral | HK$9.00B | -6.69 | -13.41% | 0.86% | -4.92% | 20.30% |
* Consumer Defensive Sector Average
HK:2419
Dekon Food And Agriculture Group Class H
51.65
-50.85
-49.61%
HK:1431
YuanShengTai Dairy Farm
0.23
-0.06
-22.07%
HK:1432
China Shengmu Organic Milk Ltd
0.35
0.04
13.11%
HK:9858
China Youran Dairy Group Limited
3.33
-0.59
-15.05%
HK:1117
China Modern Dairy Holdings Ltd.
1.14
-0.10
-8.06%
HK:1936
Ritamix Global Limited
0.85
0.28
49.12%
Dekon Food And Agriculture Group Class H Corporate Events
Dekon Food and Agriculture posts higher hog prices and strong mid-year livestock volumes
Jul 16, 2026
Dekon Food and Agriculture Group reported that in June 2026 it sold 1,029.89 thousand heads of market hogs, generating RMB1,301.64 million in sales, with an average selling price of RMB9.63 per kg, up 2.23% from May. For the first half of 2026, ho...
Dekon Food and Agriculture Warns of Heavy Interim Loss as Hog Market Slumps
Jul 15, 2026
Dekon Food and Agriculture Group has warned that it expects to swing to a substantial net loss of about RMB1,200 million to RMB1,400 million for the six months ended 30 June 2026, compared with a net profit of roughly RMB1,227 million a year earli...
Dekon Food and Agriculture Posts Higher Hog Prices but Softer Poultry Margins in May 2026
Jun 9, 2026
Dekon Food and Agriculture Group reported that in May 2026 it sold 1,098.56 thousand heads of market hogs, generating RMB1,384.86 million in revenue, with the average selling price rising 2.17% from April to RMB9.42 per kilogram. Over the first fi...
Dekon Controlling Shareholder Raises H-Share Stake in Confidence Move
May 29, 2026
Dekon Food and Agriculture Group announced that its controlling shareholder, chairman and executive director, Wang Degen, has increased his stake in the company by purchasing 648,300 H shares on the open market between 27 and 29 May 2026. The tran...
Dekon Food and Agriculture Group posts April hog and poultry sales amid price pressure
May 8, 2026
Dekon Food and Agriculture Group reported that in April 2026 it sold 1.05 million market hogs, generating RMB1.32 billion in revenue, with total hog sales reaching 3.78 million heads and RMB5.49 billion in the first four months of the year. Howeve...
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.