Nine Dragons Paper Holdings (HK:2689)
:2689
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2689 Stock Chart & Stats
HK$6.32
-HK$0.08(-2.60%)
At close: 4:00 PM EST
HK$6.32
-HK$0.08(-2.60%)
Day’s Range― - ―
52-Week RangeHK$3.05 - HK$9.97
Previous CloseN/A
Volume4.02M
Average Volume (3M)12.68M
Market Cap
HK$30.87B
Enterprise ValueHK$106.37B
Total Cash (Recent Filing)HK$6.65B
Total Debt (Recent Filing)HK$85.95B
Price to Earnings (P/E)8.0
Beta1.26
Next Earnings
Sep 28, 2026EPS Estimate
0.12Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.72
Shares Outstanding4,692,220,700
10 Day Avg. Volume12,039,682
30 Day Avg. Volume12,678,575
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.34
Price to Sales (P/S)0.27
P/FCF Ratio-1.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$10.80Price Target Upside70.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.74
Revenue Forecast (FY)HK$72.16B
Bulls Say, Bears Say
Bulls Say
Market Focus & ScaleNine Dragons’ clear focus on containerboard and packaging paper places it in a stable, industrial B2B market tied to long-term packaging demand. Scale and specialization support stable volume flows, efficient mill utilization and durable customer relationships with converters.
Revenue & Margin RecoveryThe FY2025 revenue surge (~+43%) and improved net margin (~3.4%) indicate the company can restore pricing and volume leverage. A sustained recovery in top-line and margins strengthens cash generation potential and operational resilience over the medium term if cost discipline continues.
Asset Base & CapacityAn asset-heavy balance sheet reflects substantial production capacity and investment in mills. Large tangible assets support consistent supply capability, enable economies of scale, and help maintain market share versus smaller competitors over time.
Bears Say
Weak Cash GenerationConsistent negative free cash flow from FY2021–FY2025 means reported profits do not convert into cash, forcing dependence on external financing. Persistent negative FCF reduces financial flexibility for capex, deleveraging, or dividends and raises refinancing risk.
High & Rising LeverageDebt-to-equity climbing to ~1.54 from prior ~0.65–0.94 materially raises financial risk. Elevated leverage increases interest burden, limits strategic optionality, and makes the company more vulnerable to cyclical downturns or higher rates, pressuring long-term stability.
Volatile Earnings & Low ROEROE near ~4.3% and prior earnings volatility show sensitivity to raw material and pricing cycles. Low, uneven returns constrain capital reinvestment and shareholder value creation, making it harder to improve balance sheet health while funding growth.
Nine Dragons Paper Holdings News
2689 FAQ
What was Nine Dragons Paper Holdings’s price range in the past 12 months?
Nine Dragons Paper Holdings lowest stock price was HK$3.05 and its highest was HK$9.97 in the past 12 months.
What is Nine Dragons Paper Holdings’s market cap?
Nine Dragons Paper Holdings’s market cap is HK$30.87B.
When is Nine Dragons Paper Holdings’s upcoming earnings report date?
Nine Dragons Paper Holdings’s upcoming earnings report date is Sep 28, 2026 which is in 105 days.
How were Nine Dragons Paper Holdings’s earnings last quarter?
Nine Dragons Paper Holdings released its earnings results on Feb 25, 2026. The company reported HK$0.485 earnings per share for the quarter, beating the consensus estimate of HK$0.081 by HK$0.404.
Is Nine Dragons Paper Holdings overvalued?
According to Wall Street analysts Nine Dragons Paper Holdings’s price is currently Undervalued.
Does Nine Dragons Paper Holdings pay dividends?
Nine Dragons Paper Holdings pays a Semiannually dividend of HK$0.022 which represents an annual dividend yield of N/A. See more information on Nine Dragons Paper Holdings dividends here
What is Nine Dragons Paper Holdings’s EPS estimate?
Nine Dragons Paper Holdings’s EPS estimate is 0.12.
How many shares outstanding does Nine Dragons Paper Holdings have?
Nine Dragons Paper Holdings has 4,692,220,700 shares outstanding.
What happened to Nine Dragons Paper Holdings’s price movement after its last earnings report?
Nine Dragons Paper Holdings reported an EPS of HK$0.485 in its last earnings report, beating expectations of HK$0.081. Following the earnings report the stock price went down -4.289%.
Which hedge fund is a major shareholder of Nine Dragons Paper Holdings?
Currently, no hedge funds are holding shares in HK:2689
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Nine Dragons Paper Holdings Stock Smart Score
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
HK$10.80 (70.89% Upside)
HK$10.80 (70.89% Upside)
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.92%
12-Months-Change
Fundamentals
Return on Equity
7.39%
Trailing 12-Months
Asset Growth
8.52%
Trailing 12-Months
Company Description
Nine Dragons Paper Holdings
Nine Dragons Paper (Holdings) Limited, together with its affiliated companies, operates primarily within the People's Republic of China, where it manufactures and markets a diverse array of paper and pulp goods. The company's core offerings span packaging paper, recycled printing and writing paper, specialty papers, and various pulp products. Its extensive range of packaging materials includes different types of linerboard, such as kraft, test, white top, and coated varieties; corrugating medium containerboard; corrugated cardboard; carton boxes; corrugated sheets; and coated duplex boards. Beyond packaging, the firm also provides recycled printing and writing papers, notably uncoated wood-free and office paper. Its specialized paper products encompass capacitor tissue paper and a selection of insulating papers for transformers, including low, high, and ultra-high voltage grades, as well as heat-resistant options. Additionally, it produces recycled and kraft pulp. While its main operations are in China, Nine Dragons Paper also distributes its merchandise internationally, reaching markets in Vietnam, Malaysia, and the United States. Founded in 1995, the company's corporate headquarters are located in Dongguan, People's Republic of China. Nine Dragons Paper (Holdings) Limited functions as a subsidiary of Best Result Holdings Limited.
2689 Stock 12 Month Forecast
Average Price Target
HK$10.80
▲(70.89% Upside)
Technical Analysis
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Options Prices
Currently, No data available
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