Vitasoy International Holdings Ltd
HKEX:345

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Vitasoy International Holdings Ltd
HKEX:345
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Price: 6.18 HKD -1.44%
Market Cap: HK$6.3B

EV/IC

6
Current
53%
More Expensive
vs 3-y average of 3.9

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
6
=
Enterprise Value
HK$5.4B
/
Invested Capital
HK$701.5m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
6
=
Enterprise Value
HK$5.4B
/
Invested Capital
HK$701.5m

Valuation Scenarios

Vitasoy International Holdings Ltd is trading above its 3-year average

If EV/IC returns to its 3-Year Average (3.9), the stock would be worth HK$4.03 (35% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-91%
Maximum Upside
No Upside Scenarios
Average Downside
63%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 6 HK$6.18
0%
3-Year Average 3.9 HK$4.03
-35%
5-Year Average 3.7 HK$3.76
-39%
Industry Average 0.7 HK$0.73
-88%
Country Average 0.5 HK$0.53
-91%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
HK
Vitasoy International Holdings Ltd
HKEX:345
6.5B HKD 6 27.5
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 27 042.7 540 752.8
CH
Nestle SA
SIX:NESN
204B CHF 2.4 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 1.6 32.1
FR
Danone SA
PAR:BN
42.7B EUR 1.5 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.9B ZAR 2.7 12.5
US
Hershey Co
NYSE:HSY
37.7B USD 3.6 42.7
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY 2 25
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 13 32.1
ZA
Avi Ltd
JSE:AVI
32.7B ZAR 3.9 12.8
JP
Ajinomoto Co Inc
TSE:2802
4.9T JPY 3.8 63.2

Market Distribution

Higher than 93% of companies in Hong Kong
Percentile
93nd
Based on 1 589 companies
93nd percentile
6
Low
0 — 0.3
Typical Range
0.3 — 0.9
High
0.9 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.3
Median 0.5
70th Percentile 0.9
Max 59 382.5

Vitasoy International Holdings Ltd
Glance View

Market Cap
6.3B HKD
Industry
Food Products

Vitasoy International Holdings Ltd., founded in 1940 in Hong Kong amid wartime shortages, began its journey by capitalizing on the need for an affordable and nutritious alternative to milk. The company launched its flagship product, Vitasoy, a soy milk beverage, creating a market niche by tapping into soybeans—an abundant resource manageable even in times of scarcity. Vitasoy's innovation was not just in its product formulation but also in its unique aseptic packaging, which extended the shelf life of its beverages, enabling broader distribution networks that reached both local and international markets. This innovative approach led to substantial growth, establishing Vitasoy as a household name across Asia and beyond, with its products now spanning soy milk, plant-based beverages, and tofu. Vitasoy’s revenue streams are primarily driven by its expansive product portfolio and geographic reach. The company has harnessed its R&D capabilities to diversify into multiple beverage categories, including tea, mineral water, and juice drinks, thereby catering to shifting consumer preferences towards health-conscious and sustainable food options. Vitasoy's operations are strategically spread across major Asian markets, including Mainland China, Hong Kong, Australia, and Singapore, allowing it to leverage both scale and local insights. This geographical diversity not only bolsters its market rivalry but also mitigates risks associated with economic fluctuations in any single region. By continuously aligning its brand with sustainable practices and nutritional benefits, Vitasoy ensures its relevance in an era where consumer awareness about health and environmental impact is at an all-time high.

Intrinsic Value
5.89 HKD
Overvaluation 5%
Intrinsic Value
Price HK$6.18
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