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China Mengniu Dairy Co Ltd 02319 Stock Quote

| Rating as of

XHKG: 02319

Last close prices updated as of May 25, 2023, 4:08 PM HKT | HKD
  • Last Close 30.2
  • Sector Consumer Defensive
  • Industry Packaged Foods
  • Investment Style Large Blend
  • Day Range 29.80  –  30.45
  • Year Range 24.70  –  41.20
  • Market Cap 119.3055 Bil
  • Volume / Avg 9.6 Mil /  9.3 Mil
  • Price / Sales 1.17
  • Price / Book 2.69
  • Forward Div Yield 1.49%
  • Trailing Div Yield 0.54%

Morningstar‘s Stock Analysis 02319

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Mengniu’s Q3 Trends Resilient, Near-Term Sentiment Could Be Positive; FVE Cut to HKD 39

Jacky Tsang Equity Analyst

Business Strategy and Outlook

| Jacky Tsang |

Mengniu is the second-largest dairy processor in China, with majority of its revenue derived from the liquid milk business, while ice cream and cheese are smaller revenue drivers. The company is leveraging its acquired companies including Yashili and Bellamy to expand its milk powder segment. After management change in 2016, Mengniu has restructured its organization and distribution channel, which in our view has rejuvenated its liquid milk business and resulted in rebounding profit growth. The company’s premium shelf stable milk lineup, Deluxe, has become the number one brand in China since 2020, which we think reflects improving channel execution and effective portfolio construction. Mengniu has currently built out a competitive liquid milk portfolio spanning shelf stable, yogurt and chilled products.

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Key Statistics 02319

Company Profile 02319

Business Description

China Mengniu Dairy, or Mengniu, is China’s second-largest dairy product manufacturer by market share. The company produces a wide range of dairy products including liquid milk, ice cream, milk formula and cheese. Liquid milk, composed of milk, milk beverages and yogurt, contributed close to 90% of Mengniu’s revenue in 2020. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yogurt and Yoyi C. Mengniu also owns two infant formula brands including Yashili and Bellamy.

Contact
262 Gloucester Road, Causeway Bay, 32nd Floor, COFCO Tower
Hong Kong, HKG
Industry Packaged Foods
Employees 47,329

Related Articles 02319

Competitors & Peers 02319

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of 02319’s competitive advantage.

China Mengniu Dairy Co Ltd

XHKG: 02319

General Mills Inc

XNYS: GIS

Bright Dairy & Food Co Ltd Class A

XSHG: 600597

Inner Mongolia Yili Industrial Group Co Ltd Class A

XSHG: 600887
Price
30.2084.1811.2829.47
Currency
HKDUSDCNYCNY
Change
−$0.50 (1.63%) −$0.33 (0.39%) +$0.17 (1.53%) −$0.26 (0.87%)
Market Cap
119.31 Bil49.44 Bil15.55 Bil188.58 Bil
Industry
Packaged Foods Packaged Foods Packaged Foods Packaged Foods
Sector
Consumer Defensive
Consumer Defensive
Consumer Defensive
Consumer Defensive

* Trading data in this section is delayed by at least 15 minutes.

FAQs for China Mengniu Dairy Co Ltd Stock

Yes. 02319 has a forward dividend yield of 1.49%. See 02319’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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02319’s market cap is 119.31 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

02319’s stock style is Large Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

02319’s price/sales is 1.11.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

02319’s price/forward earnings is 19.44.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

02319’s price/book is 2.69.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 02319’s valuation ratios compared to the Market Index.

02319’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 02319’s historical performance against its industry peers and the overall market.