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China Mengniu Dairy Co Ltd
HKEX:2319

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China Mengniu Dairy Co Ltd
HKEX:2319
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Price: 16.45 HKD -0.48% Market Closed
Market Cap: HK$63.8B

EV/EBITDA

10.5
Current
27%
More Expensive
vs 3-y average of 8.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.5
=
Enterprise Value
HK$48.3B
/
EBITDA
¥3.8B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.5
=
Enterprise Value
HK$48.3B
/
EBITDA
¥3.8B

Valuation Scenarios

China Mengniu Dairy Co Ltd is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.3), the stock would be worth HK$12.93 (21% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-69%
Maximum Upside
+52%
Average Downside
12%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.5 HK$16.45
0%
3-Year Average 8.3 HK$12.93
-21%
5-Year Average 16 HK$25.08
+52%
Industry Average 3.3 HK$5.16
-69%
Country Average 9.6 HK$14.98
-9%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
HK$48.3B
/
Jan 2026
¥3.8B
=
10.5
Current
HK$48.3B
/
Dec 2026
¥9.9B
=
4.9
Forward
HK$48.3B
/
Dec 2027
¥10.5B
=
4.6
Forward
HK$48.3B
/
Dec 2028
¥11.1B
=
4.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
HK
China Mengniu Dairy Co Ltd
HKEX:2319
64.1B HKD 10.5 34.7
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 186 542.5 540 752.8
CH
Nestle SA
SIX:NESN
197.5B CHF 13.3 21.6
US
Mondelez International Inc
NASDAQ:MDLZ
71.9B USD 17.9 29.3
FR
Danone SA
PAR:BN
42.5B EUR 9.6 23.4
ZA
Tiger Brands Ltd
JSE:TBS
49.9B ZAR 9.6 13
US
Hershey Co
NYSE:HSY
38.3B USD 21.1 43.3
CN
Muyuan Foods Co Ltd
SZSE:002714
248.4B CNY 15.7 15.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
237.4B CNY 25.5 33.7
ZA
Avi Ltd
JSE:AVI
33.7B ZAR 8.9 13.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
24.4B CHF 19.1 32.3

Market Distribution

In line with most companies in Hong Kong
Percentile
55th
Based on 1 325 companies
55th percentile
10.5
Low
0 — 4.8
Typical Range
4.8 — 14.9
High
14.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 4.8
Median 9.6
70th Percentile 14.9
Max 9 749.3

China Mengniu Dairy Co Ltd
Glance View

Market Cap
63.8B HKD
Industry
Food Products

In the heart of China’s booming consumer market lies China Mengniu Dairy Co Ltd., a leading dairy product manufacturer that has woven itself into the fabric of everyday life across the nation. Established in 1999, Mengniu quickly rose from humble beginnings to become a household name, driven by its commitment to quality and innovation. At the core of its operations, Mengniu processes raw milk into a diverse range of products, including liquid milk, yogurt, and milk powder. The company’s extensive network of dairy farms and its stringent quality control measures ensure a steady supply of high-standard raw materials, enabling it to offer nutritious and safe dairy products to millions of customers across China and beyond. Mengniu's financial engine is fueled by a keen understanding of market dynamics and consumer preferences. As the burgeoning Chinese middle class continues to prioritize health and wellness, Mengniu has strategically positioned itself to capitalize on this trend by expanding its product portfolio with premium and health-oriented dairy offerings. The company invests heavily in marketing and distribution, leveraging partnerships with e-commerce giants and brick-and-mortar retailers to optimize its reach across both urban and rural areas. By emphasizing brand strength and operational efficiency, Mengniu not only thrives domestically but also carves out a presence in international markets, laying a solid foundation for sustainable growth and resilience amid the ever-changing global economic landscape.

Intrinsic Value
30.17 HKD
Undervaluation 45%
Intrinsic Value
Price HK$16.45
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