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Nongfu Spring Co., Ltd. (9633.HK)

HKD39.74 -0.54 (-1.34%)
CN HKSE Consumer Defensive Beverages - Non-Alcoholic
Address No.181 Geyazhuang Road 310024
Hangzhou, CN
CEO Shanshan Zhong
IPO 2020-09-08
ISIN CNE100004272

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 9633.HK (HKD) Other OTC · NNFSF (USD)
Description

Nongfu Spring Co., Ltd., founded in 1996 and headquartered in Hangzhou, China, primarily manufactures and distributes packaged drinking water and a diverse range of beverage products across Mainland China. Its business activities are structured into five main segments: Water Products, Ready-To-Drink Tea Products, Functional Drinks, Juice Beverages, and a broader 'Other Products' category. The company's extensive portfolio encompasses various tea and fruit juice lines, specialized functional beverages, and other drinks such as soda water, sparkling flavored options, coffee, and plant-based yogurts. Nongfu Spring also ventures into agricultural products, specifically fresh fruits, and offers supply chain management services. The company operates as a subsidiary of Yangshengtang Co., Ltd.

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
HKD39.74 -0.54 (-1.34%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.22
Float Shares
1.79B
Free Float %
15.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.75% +0.47% -8.55% -9.70% -12.33% -8.63% +11.46% +2.51% -6.75% +29.31% +29.31%
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

Price Targets & DCF
Current price
39.74
DCF (Unlevered) 160.73 +304.4%
DCF (Levered) 142.23 +257.9%
Ratings Trend (MoM) 76% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 17 -1
Hold 4 0
Sell 2 0
Strong Sell 0 0
Quality scores
Altman Z-Score
13.52
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Beverages - Non-Alcoholic: +5.0%
    +19.3% Q4'25: +21.3% (vs Q4'23)
  • EPS growth Beverages - Non-Alcoholic: +18.1%
    +26.9% Q4'25: +30.4% (vs Q4'23)
  • FCF margin Beverages - Non-Alcoholic: +13.3%
    +33.9% Q4'25: +27.9% (vs Q4'23)
  • EBIT margin Beverages - Non-Alcoholic: +14.9%
    +37.2% Q4'25: +37.8% (vs Q4'23)
  • ROIC Beverages - Non-Alcoholic: +12.1%
    +57.2% Q4'25: +122.2% (vs Q4'23)
  • Share dilution Beverages - Non-Alcoholic: +0.2%
    +0.0% Q4'25: +0.0% (vs Q4'23)
  • Debt / EBITDA Beverages - Non-Alcoholic: 0.06×
    0.20× Q4'25: 0.09× (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 (0.28) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 161.06 Current price: 39.74
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 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
24 Rev. Ana.
23 EPS Ana.
Dec 2027
25 Rev. Ana.
23 EPS Ana.
Dec 2028
22 Rev. Ana.
17 EPS Ana.
Revenue
22.88B
est: 27.54B (-16.9%)
29.70B
est: 34.97B (-15.1%)
33.24B
est: 37.41B (-11.2%)
42.67B
est: 41.28B (+3.4%)
42.90B
est: 45.81B (-6.4%)
52.55B
est: 51.03B (+3.0%)
62.26B
60.37B – 63.83B
+22.0% YoY
69.86B
66.01B – 73.54B
+12.2% YoY
77.62B
74.25B – 80.70B
+11.1% YoY
EBITDA
8.55B
est: 10.54B (-18.9%)
10.96B
est: 13.39B (-18.1%)
11.80B
est: 14.32B (-17.6%)
18.42B
est: 20.76B (-11.3%)
16.51B
est: 23.04B (-28.3%)
22.77B
est: 25.66B (-11.3%)
31.31B
30.36B – 32.10B
+22.0% YoY
35.13B
33.20B – 36.98B
+12.2% YoY
39.04B
37.34B – 40.59B
+11.1% YoY
EBIT
6.67B
est: 8.59B (-22.3%)
8.67B
est: 10.90B (-20.5%)
9.44B
est: 11.67B (-19.1%)
15.79B
est: 18.90B (-16.5%)
13.78B
est: 20.97B (-34.3%)
19.56B
est: 23.36B (-16.3%)
28.50B
27.64B – 29.22B
+22.0% YoY
31.98B
30.22B – 33.67B
+12.2% YoY
35.53B
33.99B – 36.95B
+11.1% YoY
Net Income
5.28B
est: 6.22B (-15.2%)
7.16B
est: 8.26B (-13.3%)
8.50B
est: 9.09B (-6.6%)
12.08B
est: 11.67B (+3.5%)
12.12B
est: 12.32B (-1.6%)
15.87B
est: 15.16B (+4.7%)
18.40B
17.67B – 19.13B
+21.4% YoY
20.92B
19.73B – 22.11B
+13.7% YoY
23.34B
21.66B – 25.03B
+11.6% YoY
SGA
6.83B
est: 7.82B (-12.6%)
8.98B
est: 9.93B (-9.5%)
9.66B
est: 10.62B (-9.1%)
11.45B
est: 11.18B (+2.4%)
11.14B
est: 12.41B (-10.2%)
12.25B
est: 13.82B (-11.3%)
16.86B
16.35B – 17.28B
+22.0% YoY
18.92B
17.88B – 19.91B
+12.2% YoY
21.02B
20.11B – 21.85B
+11.1% YoY
EPS
0.48
est: 0.55 (-13.3%)
0.64
est: 0.73 (-12.9%)
0.76
est: 0.81 (-5.7%)
1.07
est: 1.04 (+3.1%)
1.08
est: 1.09 (-1.3%)
1.41
est: 1.36 (+3.7%)
1.64
1.57 – 1.70
+20.8% YoY
1.85
1.75 – 1.97
+12.9% YoY
2.09
1.93 – 2.22
+12.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-28 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-27 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-26 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-22 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-21 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-20 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-19 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-18 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-15 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-04 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-04-30 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-04-29 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-28 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-27 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-24 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-23 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-22 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-21 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-14 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5
2026-04-13 B+ 3/5 4/5 5/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
28.97B
OE per share TTM
2.58
Owner's Yield
6.01%
Maintenance CapEx ratio
11.13%
Maint CapEx / Avg PPE
49.1%

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.

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
977.8K
Shares Outstanding
11.25B

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
Limin Wu Chief Financial Officer & Executive Director 9M female
Xiansong Xiang Executive Director & GM of the Sales & Marketing Center 8M male
Shanshan Zhong Founder, Executive Chairman & GM 4M male
Linyou Han Company Secretary & Executive Director 2M female
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