Nongfu Spring's first-half revenue rose 16%, and profit rose 17%. Ready-to-drink tea grew 30% and has now passed packaged water as the largest business, while water grew 2% in a market where volumes fell. The company maintained its full-year target of double-digit growth in both sales and profit.
As consumers increasingly emphasize product safety, Nongfu Spring’s market leadership in the bottled water segment should be conducive to gaining share amid market consolidation.
The market growth potential of large-size packaged water in China may not be as large as it seems, as tap water remains the primary and most economical water source for households.
|
Metric
|
09633
|
00322
|
KO
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.33 | 12.57 | 26.66 |
Price/Book Value | 10.45 | 4.39 | 10.25 |
Price/Sales | 7.08 | 0.74 | 7.41 |
Price/Cash Flow | 20.13 | 6.96 | 23.82 |
|
Metric
|
09633
|
00322
|
KO
|
|---|---|---|---|
Quick Ratio | 0.90 | 0.68 | 0.80 |
Current Ratio | 1.06 | 0.78 | 1.30 |
Interest Coverage | 311.78 | 22.93 | 11.47 |
|
Metric
|
09633
|
00322
|
KO
|
|---|---|---|---|
Return on Assets (Normalized) | 25.16% | 8.02% | 13.22% |
Return on Equity (Normalized) | 48.03% | 33.68% | 43.08% |
Return on Invested Capital (Normalized) | 41.46% | 13.87% | 17.97% |
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1-Day Chart
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Name
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Price
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Morningstar Rating for Stocks
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Capital Allocation
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Economic Moat
|
Market Cap
|
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NNFSF
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United States