Pop Mart International Group Limited (9992) AI Stock Analysis

• Market Cap: €339.21B
• Dividend Yield: 0.35%
• Average Volume (3M): 13.54M
• Price to Earnings (P/E): 46.6
• Beta (1Y): 0.57
• Revenue Growth: 176.86%
• EPS Growth: 342.12%
• Country: HK
• Employees: 5,692
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): 3.75
• Shares Outstanding: 1,342,943,100
• 10 Day Avg. Volume: 18,594,708
• 30 Day Avg. Volume: 13,536,915
• PEG Ratio: 0.19
• Price to Book (P/B): 10.45
• Price to Sales (P/S): 8.57
• P/FCF Ratio: 25.17
• 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: €356.85
• Price Target Upside: 33.55% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 67 Neutral
• Price Target: HK$312.00 ▲(16.77% Upside)

Pop Mart International Group Limited's overall stock score is driven primarily by its strong financial performance, characterized by robust growth and a stable balance sheet. Technical analysis shows mixed signals with recent weakness, while valuation metrics suggest the stock may be overvalued. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Negative Factors

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. The company's financial structure is stable, although some concerns arise from the lack of available current cash flow data. Overall, the company stands out for its significant growth trajectory and sound financial health.

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: Neutral
• Last Price: 267.20
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9992, the sentiment is Neutral. The current price of 267.2 is below the 20-day moving average (MA) of 299.56, below the 50-day MA of 276.95, and above the 200-day MA of 182.81, indicating a neutral trend. The MACD of -6.12 indicates Positive momentum. The RSI at 33.94 is Neutral, neither overbought nor oversold. The STOCH value of 8.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
0869	73 Outperform	708.00M	48.78	10.96%	11.67%	-44.36%	-93.64%
9992	67 Neutral	€339.21B	46.63	62.28%	0.35%	176.86%	342.12%
0635	53 Neutral	1.10B	-2.56	0.00%	8.49%	-39.71%	-74.16%
6918	48 Neutral	145.40M	-1.91	-21.34%	―	84.26%	44.41%
0419	48 Neutral	801.53M	-5.09	-158.25%	―	-27.43%	-68.12%
2255	45 Neutral	5.84B	-5.68	0.00%	―	-8.83%	-393.39%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Pop Mart International Group Limited Corporate Events

Pop Mart Grants 58,362 Awards to Boost Long-term Growth

Pop Mart International Group Limited announced the grant of 58,362 awards under its Post-IPO Share Award Scheme on August 29, 2025. This initiative aims to reward employees and service providers for their contributions and align their interests with the company’s long-term growth. The awards, which have specific vesting periods and performance targets, are intended to incentivize continued contribution to the company’s success. The scheme will not involve issuing new shares, as existing shares held by the trustee will be used. This strategic move underscores Pop Mart’s commitment to retaining talent and fostering growth, potentially enhancing its market position.

The most recent analyst rating on (HK:9992) stock is a Buy with a HK$368.00 price target. To see the full list of analyst forecasts on Pop Mart International Group Limited stock, see the HK:9992 Stock Forecast page.