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China Mengniu Dairy Company Limited (2319.HK)

HKD17.69 +0.44 (+2.55%)
HK HKSE Consumer Defensive Packaged Foods
Address COFCO Tower
Hong Kong, HK
CEO Fei Gao
IPO 2004-06-10
ISIN KYG210961051

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Also trades on Hong Kong Stock Exchange · 2319.HK (HKD) Other OTC · CIADF (USD) Other OTC · CIADY (USD)
Description

China Mengniu Dairy Company Limited, an investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally. It operates in five segments: Liquid Milk Business, Ice Cream Business, Milk Formula Business, Cheese Business, and Others. The Liquid Milk Business segment offers ultra-high temperature milk, milk beverages, yogurt, and fresh milk. The Ice Cream Business segment manufactures and distributes dairy-based ice cream. The Milk Formula Business segment is involved in the manufacture and distribution of milk powder. The Cheese Business segment engages in the manufacture and distribution of cheese. The Other segment is involved in manufacturing raw materials for daily products; and trading business. It also produces and sells organic food and formula products for babies and toddlers; and provides commercial factoring and financing guarantee services. China Mengniu Dairy Company Limited was founded in 1999 and is based in Causeway Bay, Hong Kong.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD17.69 +0.44 (+2.55%)
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Volume Profile
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Liquidity & share structure
Average Volume
21M
Beta
0.27
Float Shares
2.93B
Free Float %
75.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.23% +1.37% -2.25% +4.82% +12.99% +13.75% -4.07% -44.39% -63.95% +35.90% +595.08%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
17.69
DCF (Unlevered) 27.68 +56.5%
DCF (Levered) 52.15 +194.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 93% Bullish
Rating 2026-05 Change
Strong Buy 6 +1
Buy 19 -3
Hold 2 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.16
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Packaged Foods: +4.4%
    -7.3% Q4'25: -14.4% (vs Q4'23)
  • EPS growth Packaged Foods: +14.6%
    +1,403.8% Q4'25: -128.9% (vs Q4'23)
  • FCF margin FCF growth · Packaged Foods: +15.9%
    +3.8% Q4'25: +13.5% (vs Q4'23)
  • EBIT margin Packaged Foods: +7.9%
    +5.7% Q4'25: +3.9% (vs Q4'23)
  • ROIC Packaged Foods: +7.0%
    +5.9% Q4'25: +7.9% (vs Q4'23)
  • Share dilution Packaged Foods: +0.0%
    -0.5% Q4'25: -1.3% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Packaged Foods: 0.19×
    3.35× Q4'25: 2.17× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.30) × ERP
WACC = 69% × Ke + 31% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 28.02 Current price: 17.69
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
24 Rev. Ana.
20 EPS Ana.
Dec 2027
24 Rev. Ana.
20 EPS Ana.
Dec 2028
20 Rev. Ana.
19 EPS Ana.
Revenue
25.71B
est: 25.68B (+0.1%)
30.27B
est: 30.83B (-1.8%)
37.39B
est: 38.33B (-2.5%)
36.08B
est: 38.69B (-6.8%)
43.36B
est: 42.95B (+0.9%)
50.05B
est: 51.48B (-2.8%)
49.03B
est: 59.19B (-17.2%)
53.78B
est: 58.94B (-8.8%)
60.16B
est: 70.68B (-14.9%)
68.98B
est: 78.42B (-12.0%)
79.03B
est: 87.36B (-9.5%)
76.03B
est: 91.84B (-17.2%)
88.14B
est: 108.24B (-18.6%)
92.59B
est: 105.42B (-12.2%)
98.62B
est: 85.74B (+15.0%)
88.67B
est: 89.22B (-0.6%)
82.24B
est: 82.31B (-0.1%)
89.44B
87.33B – 90.22B
+8.7% YoY
93.11B
89.85B – 94.79B
+4.1% YoY
97.05B
94.19B – 98.36B
+4.2% YoY
EBITDA
2.07B
est: -491.92M (+520.6%)
2.28B
est: 2.34B (-2.7%)
2.97B
est: 2.74B (+8.2%)
2.76B
est: 2.91B (-5.0%)
3.57B
est: 2.98B (+19.8%)
4.82B
est: 4.29B (+12.3%)
4.78B
est: 4.53B (+5.7%)
1.43B
est: 4.96B (-71.1%)
4.70B
est: 1.27B (+270.7%)
6.23B
est: 4.59B (+35.8%)
5.76B
est: 6.30B (-8.5%)
6.86B
est: 8.24B (-16.7%)
9.01B
est: 9.59B (-6.0%)
10.51B
est: 10.36B (+1.4%)
11.18B
est: 8.36B (+33.7%)
5.87B
est: 8.66B (-32.2%)
7.59B
est: 8.03B (-5.4%)
8.72B
8.52B – 8.80B
+8.7% YoY
9.08B
8.76B – 9.24B
+4.1% YoY
9.46B
9.19B – 9.59B
+4.2% YoY
EBIT
1.41B
est: -1.29B (+208.7%)
1.58B
est: 1.56B (+1.2%)
2.12B
est: 1.81B (+17.3%)
1.77B
est: 1.91B (-7.7%)
2.35B
est: 1.65B (+42.4%)
3.48B
est: 2.24B (+55.1%)
3.34B
est: 2.61B (+27.8%)
-167.69M
est: 2.81B (-106.0%)
3.00B
est: -470.15M (+738.1%)
4.40B
est: 3.41B (+28.8%)
6.23B
est: 4.38B (+42.3%)
4.73B
est: 4.93B (-4.1%)
6.61B
est: 5.74B (+15.3%)
7.63B
est: 6.20B (+23.0%)
7.88B
est: 5.53B (+42.6%)
2.47B
est: 5.73B (-56.9%)
4.71B
est: 5.31B (-11.2%)
5.77B
5.63B – 5.82B
+8.7% YoY
6.00B
5.79B – 6.11B
+4.1% YoY
6.26B
6.07B – 6.34B
+4.2% YoY
Net Income
1.12B
est: -1.08B (+203.0%)
1.24B
est: 1.34B (-7.6%)
1.59B
est: 1.54B (+3.3%)
1.26B
est: 1.60B (-21.7%)
1.63B
est: 1.39B (+17.4%)
2.35B
est: 1.97B (+19.1%)
2.37B
est: 2.30B (+2.7%)
-751.16M
est: 2.51B (-129.9%)
2.05B
est: -840.74M (+343.6%)
3.04B
est: 2.35B (+29.4%)
4.11B
est: 3.48B (+18.1%)
3.53B
est: 4.07B (-13.5%)
5.03B
est: 4.74B (+6.1%)
5.30B
est: 4.57B (+16.0%)
4.81B
est: 3.94B (+22.1%)
104.51M
est: 2.40B (-95.7%)
1.55B
est: 3.98B (-61.2%)
4.98B
4.31B – 5.65B
+25.1% YoY
5.58B
4.78B – 6.37B
+11.9% YoY
5.24B
5.13B – 7.35B
-6.0% YoY
SGA
5.52B
est: 5.77B (-4.3%)
6.47B
est: 6.62B (-2.4%)
7.80B
est: 8.04B (-2.9%)
7.62B
est: 7.88B (-3.3%)
9.77B
est: 8.42B (+16.1%)
12.50B
est: 11.93B (+4.8%)
12.86B
est: 12.35B (+4.1%)
15.91B
est: 13.54B (+17.4%)
17.37B
est: 17.85B (-2.7%)
21.75B
est: 20.04B (+8.5%)
24.86B
est: 24.85B (+0.0%)
24.67B
est: 24.66B (+0.0%)
27.01B
est: 28.69B (-5.8%)
26.79B
est: 31.01B (-13.6%)
29.93B
est: 26.08B (+14.8%)
27.32B
est: 27.00B (+1.2%)
25.76B
est: 25.03B (+2.9%)
27.20B
26.56B – 27.44B
+8.7% YoY
28.32B
27.32B – 28.83B
+4.1% YoY
29.52B
28.65B – 29.91B
+4.2% YoY
EPS
0.34
est: 0.33 (+1.5%)
0.36
est: 0.33 (+10.3%)
0.45
est: 0.39 (+15.7%)
0.37
est: 0.33 (+13.2%)
0.45
est: 0.34 (+31.6%)
0.61
est: 0.43 (+40.7%)
0.61
est: 0.73 (-15.9%)
-0.19
est: 0.30 (-163.3%)
0.53
est: 0.71 (-25.0%)
0.78
est: 0.87 (-10.5%)
1.05
est: 1.09 (-3.9%)
0.90
est: 1.03 (-12.5%)
1.27
est: 1.62 (-21.4%)
1.34
est: 1.62 (-17.5%)
1.22
est: 1.00 (+21.8%)
0.03
est: 0.62 (-95.7%)
0.40
est: 1.01 (-60.5%)
1.32
1.10 – 1.45
+31.0% YoY
1.47
1.22 – 1.63
+11.0% YoY
1.61
1.31 – 1.88
+9.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-28 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-27 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-26 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-22 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-21 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-20 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-19 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-18 B 3/5 5/5 2/5 3/5 2/5 1/5 4/5
2026-05-15 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-14 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-13 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-12 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-11 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-08 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-07 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-06 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-05 B+ 3/5 5/5 2/5 3/5 2/5 2/5 4/5
2026-05-04 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-29 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-28 B 3/5 4/5 2/5 3/5 2/5 2/5 4/5
2026-04-27 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-24 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-23 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B+ 3/5 5/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5
2026-04-15 B 3/5 4/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
7.18B
OE per share TTM
1.84
Owner's Yield
11.10%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
24.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 181 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Agribusiness ETF MOO 1.97% 19.00M 0.56%
2 iShares MSCI Global Sustainable Development Goals ETF SDG 1.21% 2.05M 0.50%
3 VanEck - MSCI Multifactor Emerging Markets Equity ETF EMKT.AX 0.53% 2.69M 0.69%
4 iShares Edge MSCI EM Value Factor UCITS ETF EMVL.L 0.51% 8.43M 0.40%
5 Amundi MSCI China ESG Selection Extra UCITS ETF Dist LHKG.DE 0.50% 2.76M 0.65%
6 Amundi MSCI China ESG Selection Extra UCITS ETF Acc ASIU.L 0.50% 2.76M 0.65%
7 UBS MSCI China Universal UCITS ETF USD dis CNSG.L 0.44% 1.02M 0.30%
8 Amundi Index Solutions SICAV - MSCI China ESG Selection UCITS ETF DR Capitalisation CNEU.L 0.41% 887.2K 0.35%
9 Kodex China H 099140.KS 0.41% 93.7K 0.12%
10 BMO MSCI China Selection Equity Index ETF ZCH.TO 0.39% 319.8K 0.67%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
124.0K
Shares Outstanding
3.87B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Fei Gao Chief Executive Officer & Executive Director 13M male
Yan Wang Vice President & Executive Director 2M female
Xinwen Shen CFO & Executive Director 602.1K male
Jieping Wen Chief Financial Officer of Yashili International Holdings Limited female
Liu Lijun Vice President & Head of Human Resources female
Liuying Wu Investor Relations Advisor
Pengcheng Li Vice President and Head of Group Affairs & Group Office male
Wai Cheong Kwok Financial Controller & Company Secretary male
Yan Luo Vice President and Head of Chilled Product Business Unit & Fresh Milk Business Unit male
Yiyi Chen Vice President of the Group & Head of Strategic Management of the Group male
Yongping Wen Vice President and Head of Research & Development and Innovation male
Zhigang Yang Vice President and Head of Safety & Quality Management Unit male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits