Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
China Mengniu Dairy Co Ltd (HK:2319)
HKEX:2319
RESEARCH TOOLSreports
China Mengniu Dairy Co (2319) Stock Price & Analysis
0 Followers
2319 Stock Chart & Stats
Day’s RangeHK$0 - HK$0
52-Week RangeHK$15.08 - HK$33.36
Previous CloseHK$16.42
Volume23.12M
Average Volume (3M)19.77M
Market Cap
HK$64.49B
Enterprise ValueN/A
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)12.2
Beta1.13
Next Earnings
Aug 28, 2024EPS Estimate
HK$0.85Next Dividend Ex-Date
Jun 14, 2024Dividend Yield2.69%
Share Statistics
EPS (TTM)1.36
Shares OutstandingN/A
10 Day Avg. Volume8,415,000
30 Day Avg. Volume19,768,439
Standard Deviation0.08
R-Squared0.17
Alpha0.02
Financial Highlights & Ratios
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$30.38Price Target Upside80.19% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Bulls Say, Bears Say
Bulls Say
Cost ManagementOperating margins should continue to improve with better economies of scale and potential decline in raw milk prices.
Financial PerformanceLiquid milk segment should continue to serve as the key growth driver for Mengniu, supporting its ongoing product-mix enhancement.
Strategic InitiativesGrowth driver from emerging categories, such as cheese, and international expansions, particularly in Southeast Asia, are expected to contribute to double-digit revenue growth.
Bears Say
Earnings ForecastCut FY24 earnings by 24% on weaker-than-expected demand recovery.
Financial PerformanceFY23 results below expectations, with higher-than-expected marketing expenses and inventory write-down.
Management ChangesShare price declined due to an unexpected change of CEO, no special dividend declared, and lower-than-expected industry outlook.
---
Options Prices
Currently, No data available
---
Ownership Overview
0.00%
Insiders
6.24% Mutual Funds
7.62% Other Institutional Investors
86.14% Public Companies and
Individual Investors
2319 FAQ
What was China Mengniu Dairy Co Ltd’s price range in the past 12 months?
China Mengniu Dairy Co Ltd lowest stock price was HK$15.08 and its highest was HK$33.36 in the past 12 months.
What is China Mengniu Dairy Co Ltd’s market cap?
Currently, no data Available
When is China Mengniu Dairy Co Ltd’s upcoming earnings report date?
China Mengniu Dairy Co Ltd’s upcoming earnings report date is Aug 28, 2024 which is in 116 days.
How were China Mengniu Dairy Co Ltd’s earnings last quarter?
China Mengniu Dairy Co Ltd released its earnings results on Mar 26, 2024. The company reported HK$0.486 earnings per share for the quarter, missing the consensus estimate of HK$0.643 by -HK$0.157.
Is China Mengniu Dairy Co Ltd overvalued?
According to Wall Street analysts China Mengniu Dairy Co Ltd’s price is currently Undervalued.
Does China Mengniu Dairy Co Ltd pay dividends?
China Mengniu Dairy Co Ltd pays a Annually dividend of HK$0.53 which represents an annual dividend yield of 2.69%. See more information on China Mengniu Dairy Co Ltd dividends here
What is China Mengniu Dairy Co Ltd’s EPS estimate?
China Mengniu Dairy Co Ltd’s EPS estimate is HK$0.85.
How many shares outstanding does China Mengniu Dairy Co Ltd have?
China Mengniu Dairy Co Ltd has 3,935,292,500 shares outstanding.
What happened to China Mengniu Dairy Co Ltd’s price movement after its last earnings report?
China Mengniu Dairy Co Ltd reported an EPS of HK$0.486 in its last earnings report, missing expectations of HK$0.643. Following the earnings report the stock price went down -2.268%.
Which hedge fund is a major shareholder of China Mengniu Dairy Co Ltd?
Currently, no hedge funds are holding shares in HK:2319
---
China Mengniu Dairy Co Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
HK$30.38 (80.19% Upside)
HK$30.38 (80.19% Upside)
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-44.99%
12-Months-Change
Fundamentals
Return on Equity
11.37%
Trailing 12-Months
Asset Growth
-4.14%
Trailing 12-Months
Company Description
China Mengniu Dairy Co Ltd
China Mengniu Dairy Co., Ltd. is an investment holding company, which engages in the manufacture and distribution of dairy products. It operates through the following segments: Liquid Milk Products, Ice Cream Products, Milk Powder Products, and Others. The Liquid Milk Products segment produces and distributes ultra-high temperature milk, milk beverages, and yogurt. The Ice Cream Products segment offers its products under the Deluxe, Mood for Green, Ice+, and Suibian brands. The Milk Powder Products segment includes infant milk formula brand products such as Milex, Meimengyi, Ruipuen Oushi Series, Yashily Super a-Golden, Yashili Golden Ambery, Arla Merla, Arla Baby & Me, and Dumex Series. The Others segment comprises of cheese products, plant-based nutrition product, and trading business. The company was founded on February 16, 2004 and is headquartered in Hong Kong.
---
2319 Company Deck
---
2319 Earnings Call
Q2 2023
0:00 / 0:00
---
2319 Stock 12 Months Forecast
Average Price Target
HK$30.38
▲(80.19% Upside)
Technical Analysis
Best Analysts Covering 2319
1 Year
1 Year Success Rate
1/1 ratings generated profit
1 Year Average Return
+0.60%
reiterated a buy rating last month
Copying Clement Xu's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +0.60% per trade.
---