Pop Mart International Group Limited (9992) AI Stock Analysis

• Market Cap: HK$445.47B
• Dividend Yield: 0.26%
• Average Volume (3M): 11.63M
• Price to Earnings (P/E): 59.4
• Beta (1Y): 0.62
• Revenue Growth: 176.86%
• EPS Growth: 342.12%
• Country: HK
• Employees: 5,692
• Sector: Consumer Cyclical
• Sector Strength: 82
• Industry: Leisure
• EPS (TTM): 0.37
• Shares Outstanding: 1,342,943,100
• 10 Day Avg. Volume: 11,879,382
• 30 Day Avg. Volume: 11,627,114
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$652.49
• Price Target Upside: 94.54% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 70 Neutral
• Price Target: HK$347.00 ▲(3.46% Upside)

Pop Mart International Group Limited demonstrates strong financial performance with robust revenue and profit growth, supported by a solid balance sheet. However, technical indicators suggest the stock is overbought, and the high P/E ratio indicates potential overvaluation. The lack of current cash flow data and low dividend yield are additional concerns.

Positive Factors

Earnings Growth

Pop Mart reported significant growth in sales and net profit, with sales up 204% and net profit up 397%.

Global Expansion

Pop Mart expedites expansion of its global footprint, expecting overseas sales to surpass domestic by end-2025.

Market Position

The company's well-balanced IP portfolio, including popular figures like The Monsters and Molly, supports its market position.

Negative Factors

Regulatory Challenges

The company faces challenges such as reliance on a few key IPs, rising regulatory scrutiny of blind box sales, and intensifying competition.

Tariff Impact

Some margin impact on the US in the near term could still be likely due to high tariffs on China.

Pop Mart International Group Limited Business Overview & Revenue Model

Company Description

Pop Mart International Group Limited engages in the design, development, and sale of pop toys in China. It offers various pop toy products under the Pop Mart brand. The company's products categories include blind boxes and collections, as well as accessories comprising pins, plushies, cups, and others. Its customers primarily consist of its fans and distributors, as well as bulk purchase corporate customers. As of December 31, 2021, the company's sales and distribution network consisted of 295 retail stores and 1,870 roboshops in first-tier cities, new first-tier cities, and other cities; online channels, including its Tmall flagship store, JD.com flagship store, Pop Draw, and other online channels; and wholesale channels and others in Mainland China and internationally. It also provides internet technology services and technology development services; operates playgrounds; and engages in the investment activities and exhibition business. Pop Mart International Group Limited was founded in 2010 and is headquartered in Beijing, the People's Republic of China.

How the Company Makes Money

Pop Mart International Group Limited generates revenue through the sale of its designer toys and collectible figurines. The company capitalizes on the growing demand for collectible items by offering a diverse range of products, often in collaboration with renowned artists and designers. Key revenue streams include sales from its retail outlets, e-commerce platforms, and automated retail vending machines. Pop Mart also benefits from licensing deals and partnerships that expand its product offerings and market reach. The company's strategic focus on brand building, product innovation, and expanding its distribution network significantly contributes to its earnings.

Pop Mart International Group Limited Financial Statement Overview

Summary

Pop Mart International Group Limited showcases strong financial performance with impressive revenue and profit growth, efficient operations, and a robust balance sheet with low leverage. However, the absence of current cash flow data poses a potential risk in assessing cash flow stability.

Income Statement

Pop Mart International Group Limited demonstrates strong revenue growth with a significant increase from 6.3 billion to 13.0 billion, reflecting a growth rate of over 106% year-on-year. The company maintains impressive gross and net profit margins at 66.8% and 24.0% respectively, indicating high profitability. EBIT and EBITDA margins are robust at 31.9% and 34.6%, showcasing operational efficiency. These metrics highlight a trajectory of strong growth and profitability.

Balance Sheet

The balance sheet is solid, with a debt-to-equity ratio of 0.09, indicating low leverage and financial stability. Return on Equity stands at 29.3%, reflecting efficient use of equity. The equity ratio of 71.8% further emphasizes strong equity positions relative to total assets, suggesting a low-risk financial structure. Overall, the balance sheet reflects a stable and well-capitalized financial position.

Cash Flow

While cash flow metrics like operating cash flow to net income ratio and free cash flow to net income ratio could not be calculated due to data unavailability, previous years show positive free cash flow generation. However, the absence of current operating and free cash flow data poses a potential risk in assessing cash flow stability. The historical ability to generate free cash flow is a positive sign, but current data limitations impact the overall cash flow assessment.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	13.04B	6.30B	4.62B	4.49B	2.51B
Gross Profit	8.71B	3.86B	2.65B	2.76B	1.59B
EBITDA	4.51B	2.12B	1.28B	1.63B	964.19M
Net Income	3.13B	1.08B	475.66M	854.34M	523.50M
Balance Sheet
Total Assets	14.87B	9.97B	8.58B	8.32B	6.97B
Cash, Cash Equivalents and Short-Term Investments	9.63B	5.97B	5.05B	5.29B	5.68B
Total Debt	964.56M	792.81M	741.13M	621.45M	291.77M
Total Liabilities	3.99B	2.19B	1.61B	1.50B	840.30M
Stockholders Equity	10.68B	7.77B	6.96B	6.82B	6.13B
Cash Flow
Free Cash Flow	4.44B	1.60B	543.40M	445.35M	479.77M
Operating Cash Flow	4.95B	1.99B	891.02M	779.10M	703.36M
Investing Cash Flow	8.96M	233.94M	-4.70B	-648.00M	-216.94M
Financing Cash Flow	-958.50M	-841.56M	-1.18B	-435.83M	4.87B

Pop Mart International Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 335.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9992, the sentiment is Positive. The current price of 335.4 is above the 20-day moving average (MA) of 281.01, above the 50-day MA of 264.90, and above the 200-day MA of 165.33, indicating a bullish trend. The MACD of 18.47 indicates Negative momentum. The RSI at 77.52 is Negative, neither overbought nor oversold. The STOCH value of 92.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9992.

Pop Mart International Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9992	70 Neutral	HK$445.47B	59.39	62.28%	0.26%	176.86%	342.12%
Sector *	61 Neutral	$17.75B	12.51	-5.49%	3.06%	1.43%	-14.10%
PMTYF	―	$89.41M	37.50	1.28%	17.28%	―	―
PYHOF	―	$140.76M	―	-8.58%	8.18%	―	―
0419	48 Neutral	HK$923.80M	―	-83.09%	―	-24.22%	-66.67%
2255	45 Neutral	HK$6.17B	―	-35.71%	―	-1.45%	-269.03%
6918	45 Neutral	HK$106.80M	―	-19.60%	―	64.02%	42.01%

Pop Mart International Group Limited Corporate Events

Pop Mart Announces Board Meeting for Interim Results

Pop Mart International Group Limited has announced a board meeting scheduled for August 19, 2025, to consider and approve the interim results for the first half of the year ending June 30, 2025. This meeting is crucial as it will determine the company’s financial performance and potentially impact its market positioning and stakeholder interests.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$312.00 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.

Pop Mart Grants 199,443 Awards to Employees Under Share Scheme

Pop Mart International Group Limited announced the grant of 199,443 awards under its Post-IPO Share Award Scheme to its employees, aimed at rewarding past performance and aligning their interests with the company’s long-term growth. The awards, which will vest over several years based on performance targets, are intended to retain talent and encourage contributions to the company’s profitability, without issuing new shares, thus maintaining the existing share structure.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$384.50 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.

Pop Mart International Announces Significant Profit Growth for H1 2025

Pop Mart International Group Limited has issued a positive profit alert, indicating significant financial growth for the first half of 2025. The company’s revenue is expected to increase by over 200%, and profits by more than 350% compared to the same period in 2024. This growth is attributed to the global recognition of its brand, increased overseas revenue, and improved profitability through cost optimization and expense control.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$105.00 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.

Pop Mart Announces Final Dividend Post-AGM

Pop Mart International Group Limited announced the results of its Annual General Meeting, where a final ordinary cash dividend of RMB 0.8146 per share was declared for the financial year ending December 31, 2024. The dividend will be paid in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.0902, with payment scheduled for June 20, 2025. This announcement reflects the company’s commitment to returning value to shareholders and may influence investor sentiment positively.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$105.00 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.

Pop Mart International Successfully Passes AGM Resolutions

Pop Mart International Group Limited announced the successful passing of all resolutions at its Annual General Meeting held on May 27, 2025. The resolutions included the adoption of financial statements, approval of dividends, re-election of directors, and mandates related to share issuance and repurchase. This outcome reflects strong shareholder support and positions the company for continued operational and strategic initiatives.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$105.00 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.