Nongfu Spring Co., Ltd. Class H (HK:9633)
:9633
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Nongfu Spring Co., Ltd. Class H
(9633)
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Rating:64Neutral
Price Target:
HK$52.00
▲(9.34% Upside)
Action:DowngradedDate:11/30/25
Nongfu Spring's overall score of 64 is driven primarily by strong financial performance, with high profitability and a solid balance sheet. However, bearish technical indicators reflecting downward price momentum and a high P/E ratio signaling potential overvaluation weigh on the score. Investors should monitor revenue growth and cash flow trends closely.
Positive Factors
Revenue Growth
Nongfu Spring's consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.
Negative Factors
Increasing Debt Levels
Rising debt levels can strain financial resources and limit strategic flexibility, posing long-term risks if not managed effectively.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Nongfu Spring's consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.
Read all positive factors
Nongfu Spring Co., Ltd. Class H (9633) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$534.88B
Dividend Yield1.73%
Average Volume (3M)5.87M
Price to Earnings (P/E)30.6
Beta (1Y)0.88
Revenue Growth4.14%
EPS Growth7.35%
CountryHK
Employees20,000
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)0.85
Shares Outstanding5,034,666,500
10 Day Avg. Volume5,293,182
30 Day Avg. Volume5,874,667
Financial Highlights & Ratios
PEG Ratio31.65
Price to Book (P/B)11.11
Price to Sales (P/S)8.36
P/FCF Ratio77.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$55.48Price Target Upside16.65% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)1.58
Revenue Forecast (FY)HK$60.13B
Nongfu Spring Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Nongfu Spring Co., Ltd. produces and markets packaged drinking water and beverage products primarily in Mainland China. It operates through five segments: Water Products, Ready-To-Drink Tea Products, Functional Drinks Products, Juice Beverage Prod...
How the Company Makes Money
Nongfu Spring generates revenue primarily through the sale of bottled water and its other beverage products. The company has a strong revenue model based on high-volume sales of its flagship spring water products, which are marketed as premium off...
Nongfu Spring Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 46.35B | 42.90B | 42.67B | 33.24B | 29.70B | 22.88B |
| Gross Profit | 27.34B | 24.92B | 25.41B | 19.10B | 17.66B | 13.51B |
| EBITDA | 18.78B | 16.51B | 18.42B | 11.80B | 10.96B | 8.55B |
| Net Income | 13.51B | 12.12B | 12.08B | 8.50B | 7.16B | 5.28B |
Balance Sheet | ||||||
| Total Assets | 64.39B | 53.16B | 49.14B | 39.25B | 32.90B | 25.86B |
| Cash, Cash Equivalents and Short-Term Investments | 19.14B | 12.25B | 24.23B | 15.29B | 14.99B | 9.12B |
| Total Debt | 4.55B | 3.75B | 3.21B | 2.52B | 2.59B | 2.47B |
| Total Liabilities | 33.02B | 20.87B | 20.57B | 15.17B | 12.15B | 10.37B |
| Stockholders Equity | 31.37B | 32.29B | 28.57B | 24.08B | 20.74B | 15.49B |
Cash Flow | ||||||
| Free Cash Flow | 9.07B | 4.62B | 12.44B | 7.69B | 8.91B | 6.15B |
| Operating Cash Flow | 15.89B | 11.02B | 17.30B | 12.04B | 11.40B | 8.43B |
| Investing Cash Flow | -7.94B | -4.50B | -14.28B | -9.43B | -5.32B | -4.66B |
| Financing Cash Flow | -7.91B | -8.06B | -7.02B | -5.37B | -1.89B | 1.72B |
Nongfu Spring Co., Ltd. Class H Technical Analysis
Positive
47.56
Price Trends
46.64
Positive
47.97
Negative
47.85
Negative
Market Momentum
0.09
Negative
58.28
Neutral
89.53
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9633, the sentiment is Positive. The current price of 47.56 is above the 20-day moving average (MA) of 44.52, above the 50-day MA of 46.64, and below the 200-day MA of 47.85, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 58.28 is Neutral, neither overbought nor oversold. The STOCH value of 89.53 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9633.
Nongfu Spring Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.61B | 7.35 | 9.86% | 3.74% | 11.89% | 27.80% | |
73 Outperform | HK$107.43B | 24.14 | 20.39% | ― | ― | ― | |
71 Outperform | HK$35.07B | 15.79 | 15.41% | 5.64% | 8.19% | 23.16% | |
64 Neutral | HK$534.88B | 30.61 | 42.43% | 1.73% | 4.14% | 7.35% | |
63 Neutral | HK$1.51B | 11.85 | 4.05% | ― | -0.48% | -29.65% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | HK$7.57B | 23.14 | 7.42% | 1.41% | 7.29% | -33.19% |
* Consumer Defensive Sector Average
HK:9633
Nongfu Spring Co., Ltd. Class H
47.56
15.80
49.75%
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Nongfu Spring Co., Ltd. Class H Corporate Events
Nongfu Spring Renews Key Agreements for Continued Operations
Dec 16, 2025
Nongfu Spring Co., Ltd. has announced the renewal of its continuing connected transactions under the New Purchasing Framework Agreement and the New Basic RD and Test Service Framework Agreement. These agreements, set to commence on January 1, 2026...
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.