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 Closed
Market Cap: HK$6.3B

P/FCFE

20.9
Current
13%
Cheaper
vs 3-y average of 24.1

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
20.9
=
Market Cap
HK$7.5B
/
Free Cash Flow to Equity
HK$310.6m

Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.

P/FCFE
20.9
=
Market Cap
HK$7.5B
/
Free Cash Flow to Equity
HK$310.6m

Valuation Scenarios

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

If P/FCFE returns to its 3-Year Average (24.1), the stock would be worth HK$7.13 (15% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-34%
Maximum Upside
+68%
Average Upside
7%
Scenario P/FCFE Value Implied Price Upside/Downside
Current Multiple 20.9 HK$6.18
0%
3-Year Average 24.1 HK$7.13
+15%
5-Year Average 35.1 HK$10.39
+68%
Industry Average 16.1 HK$4.78
-23%
Country Average 13.9 HK$4.1
-34%

Forward P/FCFE
Today’s price vs future free cash flow to equity

Not enough data available to calculate forward P/FCFE

Peer Comparison

All Multiples
P/FCFE
P/E
All Countries
Close
Market Cap P/FCFE P/E
HK
Vitasoy International Holdings Ltd
HKEX:345
6.5B HKD 20.9 27.5
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY -621 880.5 540 752.8
CH
Nestle SA
SIX:NESN
203.3B CHF 28.5 22.5
US
Mondelez International Inc
NASDAQ:MDLZ
78.7B USD 15.9 31.9
FR
Danone SA
PAR:BN
42.7B EUR 15.3 23.5
ZA
Tiger Brands Ltd
JSE:TBS
47.6B ZAR 347.5 12.5
US
Hershey Co
NYSE:HSY
37.7B USD 19.5 41.7
CN
Muyuan Foods Co Ltd
SZSE:002714
244.2B CNY -46.5 25
ZA
Avi Ltd
JSE:AVI
33.1B ZAR 16.6 12.8
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
225.7B CNY 35.9 32.1
CH
Chocoladefabriken Lindt & Spruengli AG
SIX:LISN
23.2B CHF 198.9 31.9

Market Distribution

In line with most companies in Hong Kong
Percentile
67th
Based on 1 043 companies
67th percentile
20.9
Low
0.3 — 7.1
Typical Range
7.1 — 22.8
High
22.8 —
Distribution Statistics
Hong Kong
Min 0.3
30th Percentile 7.1
Median 13.9
70th Percentile 22.8
Max 11 983

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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