Companies Consumer staples
Nongfu Spring
HK$42.34+HK$2.36 (+5.90%) on the day
Consumer staples, Beverages - Non-Alcoholic. Revenue of CN¥52.6bn in the year to Dec 2025, up 22.5%, with an operating margin of 38.6%.
Against its peers
Nongfu Spring (filled) against the other 8 consumer staples companies among the 200 largest in the six Asian markets. Tap or hover a dot to read it.
Yahoo Finance, 30 Oct 2026. P/E on the last four quarters' diluted EPS; revenue growth and operating margin for each company's last fiscal year; debt to equity at the last balance sheet; dividend yield on the last 12 months' dividends.
Valuation
A ten-year discounted cash flow model on the last reported free cash flow. Every assumption is on the page: move it and the value follows.
Base: free cash flow of CN¥14.3bn in the year to Dec 2025, net cash of CN¥26.9bn, 11.25bn shares. Converted to Hong Kong dollars at today’s rate, the currency the shares trade in. Growth fades in a straight line from year 6 to year 10. An Andra Markets model, not a recommendation.
Valuation over time
The price to earnings ratio at each month end, on the last fiscal year’s diluted earnings per share known at the time, against its average over the period.
P/EAverage
Month-end closes and annual reports, via Yahoo Finance.
Where revenue goes
Of every CN¥100 of revenue in the year to Dec 2025, Nongfu Spring kept CN¥30 as net income. That includes CN¥1.4bn of income on top of revenue, such as interest and investment gains.
Annual report for the year to Dec 2025, via Yahoo Finance. Items under 0.5% of revenue are folded into the next line.
Revenue and profit, 4 years
Revenue and net income each fiscal year, in billions of yuan. Tap or hover a year to read it.
RevenueNet income
Annual reports, via Yahoo Finance.
Cash flow and investment
Cash from operations, what went into capital spending, and the free cash flow left, in billions of yuan.
Cash from operationsCapital spendingFree cash flow
Annual reports, via Yahoo Finance.
Balance sheet
Cash and short-term investments, debt and shareholders’ equity at each fiscal year end, in billions of yuan.
Cash and investmentsDebtEquity
Annual reports, via Yahoo Finance. Debt excludes leases.
Returns to shareholders
Dividends paid and shares bought back each fiscal year, against net income, in billions of yuan.
DividendsBuybacksNet income
Annual reports, via Yahoo Finance.
Share price returns
Price change over each period to the close of 30 Oct 2026, without dividends.
| Series | 1 month | 3 months | Year to date | 1 year |
|---|---|---|---|---|
| Nongfu Spring | +7.1% | −3.3% | −9.6% | −18.2% |
| Consumer staples average (9) | +2.5% | −1.2% | −4.6% | −9.0% |
| Hang Seng | −5.0% | −10.0% | −9.1% | −11.4% |
Yahoo Finance daily closes, in Hong Kong dollars. The sector average is the simple average of its companies among the 200 largest in the six Asian markets.
Against the market
Nongfu Spring and the Hang Seng over the past year, both rebased to 100, each in its own currency.
Nongfu SpringHang Seng
Yahoo Finance, daily closes to 30 Oct 2026.
Risk
How much the shares move, and how far they have fallen from their high over the past year.
- Volatility, 1 year34%Annualised daily moves; the Hang Seng moved 19%
- Beta to the Hang Seng1.041.0 moves with the market
- Deepest fall, 1 year−31.6%12 Nov 2025 to 25 Sep 2026
- Below its high−24.5%Against the year’s highest close
Yahoo Finance daily closes. Beta from daily returns against the Hang Seng.
Investment memo
Coming with the Andra Markets subscription: a full memo on Nongfu Spring, written for professionals.
- The thesis and what would change it
- Segment by segment, with the model's full workings
- Three scenarios with their assumptions
- What to watch at the next results
Ahead
No results date in the calendar yet. It appears here once the company or Yahoo Finance posts one.
For information only. Not investment advice.