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Vedan International (Holdings) Ltd.
(2317)
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Rating:73Outperform
Price Target:
HK$0.91
▲(38.48% Upside)
Action:Reiterated
Date:09/12/26
The score is driven by attractive valuation (low P/E and high dividend yield) and supportive technical trend signals (price above major moving averages with positive momentum). These strengths are tempered by fundamentals showing declining revenue and uneven cash-flow consistency despite the post-2022 profit recovery and a low-leverage balance sheet.
Positive Factors
Profitability recovery
The return to solid profitability after the 2022 loss demonstrates improved earnings resilience and operating execution. Maintaining positive results through 2025 can support reinvestment, dividend capacity, and financial stability, provided the business can address its weakening revenue trend.
Negative Factors
Persistent revenue decline
A multi-year revenue decline raises concern about the durability of product demand, pricing power, or sales volumes across Vedan’s fermentation-based ingredient markets. Continued top-line contraction could eventually limit scale benefits, weaken operating leverage, and pressure future earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
The return to solid profitability after the 2022 loss demonstrates improved earnings resilience and operating execution. Maintaining positive results through 2025 can support reinvestment, dividend capacity, and financial stability, provided the business can address its weakening revenue trend.
Read all positive factors
Vedan International (Holdings) Ltd. (2317) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.13B
Dividend Yield7.85%
Average Volume (3M)5.60K
Price to Earnings (P/E)8.7
Beta (1Y)0.35
Revenue Growth4.72%
EPS Growth20.03%
CountryHK
Employees4,005
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.01
Shares Outstanding1,522,742,100
10 Day Avg. Volume3,600
30 Day Avg. Volume5,600
Financial Highlights & Ratios
PEG Ratio1.15
Price to Book (P/B)0.43
Price to Sales (P/S)0.35
P/FCF Ratio6.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vedan International (Holdings) Ltd. Business Overview & Revenue Model
Company Description
Vedan International (Holdings) Limited operates as an investment holding company, manufacturing and distributing a diverse range of products. Its core business encompasses fermentation-derived amino acids, food additives, biochemical compounds, an...
How the Company Makes Money
Vedan International (Holdings) Ltd. makes money primarily by manufacturing and selling fermentation-derived ingredients. Its revenue model is largely product-sales driven: (1) Sales of core food-flavoring and ingredient products (e.g., MSG and oth...
Vedan International (Holdings) Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 395.57M | 374.74M | 380.18M | 386.17M | 451.01M | 382.36M |
| Gross Profit | 69.48M | 66.47M | 66.24M | 55.43M | 43.35M | 60.37M |
| EBITDA | 42.47M | 43.44M | 45.78M | 35.14M | 15.79M | 33.56M |
| Net Income | 18.32M | 17.06M | 16.05M | 6.99M | -4.39M | 11.01M |
Balance Sheet | ||||||
| Total Assets | 365.13M | 385.55M | 368.69M | 383.51M | 405.97M | 389.15M |
| Cash, Cash Equivalents and Short-Term Investments | 71.35M | 71.03M | 64.01M | 50.36M | 47.81M | 69.74M |
| Total Debt | 22.31M | 30.81M | 28.52M | 46.72M | 63.10M | 43.33M |
| Total Liabilities | 60.49M | 78.52M | 66.28M | 88.73M | 114.25M | 87.13M |
| Stockholders Equity | 304.41M | 306.80M | 302.19M | 294.56M | 291.49M | 301.79M |
Cash Flow | ||||||
| Free Cash Flow | 18.45M | 19.94M | 43.02M | 23.23M | -36.12M | 13.46M |
| Operating Cash Flow | 23.64M | 29.27M | 48.62M | 32.18M | -24.71M | 24.87M |
| Investing Cash Flow | -21.10M | -19.30M | -1.02M | -30.03M | -7.34M | 15.58M |
| Financing Cash Flow | -4.60M | -11.13M | -28.90M | -19.71M | 16.43M | -17.63M |
Vedan International (Holdings) Ltd. Technical Analysis
Positive
0.66
Price Trends
0.71
Positive
0.72
Positive
0.67
Positive
Market Momentum
0.01
Negative
60.03
Neutral
18.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2317, the sentiment is Positive. The current price of 0.66 is below the 20-day moving average (MA) of 0.72, below the 50-day MA of 0.71, and below the 200-day MA of 0.67, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 60.03 is Neutral, neither overbought nor oversold. The STOCH value of 18.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2317.
Vedan International (Holdings) Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$13.71B | 12.69 | 19.50% | 7.27% | 11.13% | 28.01% | |
73 Outperform | HK$1.13B | 8.71 | 6.00% | 12.81% | 4.72% | 20.03% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | HK$579.23M | 14.84 | 1.54% | 6.67% | 4.12% | ― | |
56 Neutral | HK$1.01B | 48.75 | 0.45% | 5.54% | -5.24% | -95.65% | |
46 Neutral | HK$131.33M | -0.81 | 38.51% | 0.84% | -7.04% | 8.69% | |
44 Neutral | HK$647.29M | 1.88 | -15.63% | 2.57% | -8.40% | -77.49% |
* Consumer Defensive Sector Average
HK:2317
Vedan International (Holdings) Ltd.
0.82
0.16
24.62%
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Global Sweeteners Holdings Limited
0.06
-0.03
-31.52%
HK:3999
Dachan Food (Asia) Limited
0.57
-0.05
-8.06%
HK:1579
Yihai International Holding Ltd.
13.97
1.48
11.84%
HK:3838
China Starch Holdings Limited
0.18
-0.01
-7.33%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.38
-0.56
-59.68%
Vedan International (Holdings) Ltd. Corporate Events
Vedan International Revises Interim Dividend for First Half of 2026
Aug 26, 2026
Vedan International (Holdings) Limited, a Hong Kong-listed industrial company, has declared an interim ordinary dividend for the six months ended 30 June 2026, denominated in U.S. dollars with payment in Hong Kong dollars. The announcement highlig...
Vedan International Posts Higher Interim Profit and Raises Dividend
Aug 25, 2026
Vedan International reported interim revenue of US$205.59 million for the six months ended 30 June 2026, up from US$184.27 million a year earlier, with gross profit rising to US$34.93 million and profit attributable to shareholders increasing to U...
Vedan International Declares Interim Cash Dividend for First Half of 2026
Aug 25, 2026
Vedan International (Holdings) Ltd., listed in Hong Kong under stock code 02317, operates in the food and agribusiness space, producing consumer and industrial products for Asian markets. Its governance is anchored by a board blending executive, n...
Vedan International Sets August Board Meeting to Review Interim Results and Dividend
Aug 13, 2026
Vedan International (Holdings) Ltd. has scheduled a board meeting for 25 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, if any, a de...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.