Pop Mart International Group Limited (9992) AI Stock Analysis

• Market Cap: €338.15B
• Dividend Yield: 0.35%
• Average Volume (3M): 14.87M
• Price to Earnings (P/E): 99.7
• Beta (1Y): 0.69
• Revenue Growth: 103.44%
• EPS Growth: 186.51%
• Country: HK
• Employees: 5,692
• Sector: Consumer Cyclical
• Sector Strength: 66
• Industry: Leisure
• EPS (TTM): 1.81
• Shares Outstanding: 1,342,943,100
• 10 Day Avg. Volume: 9,194,482
• 30 Day Avg. Volume: 14,865,730
• PEG Ratio: 0.91
• Price to Book (P/B): 27.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 170.40
• 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: €306.09
• Price Target Upside: 20.22% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7

• Rating: 71 Outperform
• Price Target: HK$295.00 ▲(15.87%Upside)

Pop Mart International Group Limited scores well due to its strong financial performance and positive technical indicators, reflecting robust growth and bullish momentum. However, a high P/E ratio raises valuation concerns, impacting the overall score. The absence of earnings call and corporate events data does not affect the evaluation.

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 several key streams. The primary source of income comes from the sale of its designer toys, particularly through the popular blind box model, where customers purchase boxes with unknown toy designs, driving repeat purchases and collectible interest. The company operates both physical stores and an online platform, allowing for diversified sales channels. Additionally, Pop Mart engages in partnerships and collaborations with artists and other brands to create exclusive lines, further boosting its market appeal. The company also benefits from licensing agreements and brand collaborations, which expand its reach and brand recognition globally.

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: 254.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 254.6 is below the 20-day moving average (MA) of 257.72, above the 50-day MA of 233.61, and above the 200-day MA of 131.57, indicating a neutral trend. The MACD of 7.55 indicates Positive momentum. The RSI at 52.31 is Neutral, neither overbought nor oversold. The STOCH value of 64.13 is Neutral, 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	71 Outperform	€338.15B	99.66	33.41%	0.35%	103.44%	186.51%
Sector *	63 Neutral	$16.85B	11.25	-7.01%	2.93%	1.72%	-24.85%
PMTYF	―	$81.18M	5.59	11.10%	19.50%	―	―
PYHOF	―	$142.26M	―	-7.27%	11.69%	―	―
2255	45 Neutral	HK$6.41B	―	-35.71%	―	-1.45%	-269.03%
0419	44 Neutral	HK$475.49M	―	-83.09%	―	-24.22%	-66.67%
6918	39 Underperform	HK$71.82M	―	-19.60%	―	64.02%	42.01%

Pop Mart International Group Limited Corporate Events

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.

Pop Mart Announces 2025 Annual General Meeting and Key Resolutions

Pop Mart International Group Limited has announced its upcoming Annual General Meeting scheduled for May 27, 2025, in Beijing. Key resolutions to be discussed include the adoption of the 2024 financial statements, approval of a final dividend, re-election of directors, and re-appointment of PricewaterhouseCoopers as auditors. Additionally, the meeting will address authorizing the board to issue new shares and securities, which could impact the company’s capital structure and shareholder value.

Pop Mart Reports Robust Revenue Growth in Q1 2025

Pop Mart International Group Limited reported a substantial increase in revenue for the first quarter of 2025, with an overall growth of 165%-170% compared to the same period in 2024. The company saw remarkable growth in its overseas operations, particularly in America, which experienced an increase of 895%-900%, and Europe, which grew by 600%-605%. This significant revenue growth underscores Pop Mart’s successful expansion strategy and strengthens its position in the global market.