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Dekon Food And Agriculture Group Class H
(2419)
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Rating:54Neutral
Price Target:
HK$56.00
▼(-19.19% Downside)
Action:Reiterated
Date:09/06/26
The score is primarily held back by volatile financial performance and a sharp 2025 decline in free cash flow despite balance sheet improvement. Technicals are moderately supportive due to strength versus moving averages and a positive MACD, but near-overbought momentum limits upside. Valuation is also a headwind given the negative P/E and only a modest dividend yield.
Positive Factors
Improved Balance Sheet
The substantial reduction in debt relative to equity has strengthened the company’s financial base and should improve resilience over the next several quarters. Lower leverage can reduce balance-sheet pressure, preserve borrowing capacity, and provide greater flexibility to fund operations through agricultural and earnings cycles.
Negative Factors
Revenue Decline
The 2025 revenue decline indicates that the company did not sustain top-line expansion after a small 2024 increase. A shrinking or stagnant revenue base can limit operating leverage, reduce resources available for reinvestment, and make future profit recovery more dependent on cost control rather than durable demand growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance Sheet
The substantial reduction in debt relative to equity has strengthened the company’s financial base and should improve resilience over the next several quarters. Lower leverage can reduce balance-sheet pressure, preserve borrowing capacity, and provide greater flexibility to fund operations through agricultural and earnings cycles.
Read all positive factors
Dekon Food And Agriculture Group Class H (2419) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$8.69B
Dividend Yield1.79%
Average Volume (3M)529.92K
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-10.01%
EPS Growth-129.99%
CountryHK
Employees11,363
SectorConsumer Defensive
Sector Strength42
IndustryAgricultural Farm Products
Share Statistics
EPS (TTM)-2.60
Shares Outstanding158,023,470
10 Day Avg. Volume698,232
30 Day Avg. Volume529,923
Financial Highlights & Ratios
PEG Ratio-0.27
Price to Book (P/B)2.77
Price to Sales (P/S)1.09
P/FCF Ratio25.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$80.25Price Target Upside15.80% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-2.93
Revenue Forecast (FY)HK$21.59B
Dekon Food And Agriculture Group Class H Business Overview & Revenue Model
Company Description
Dekon Food & Agriculture Group functions as a holding company, primarily dedicated to the raising and cultivation of pigs and yellow-feathered broilers. Its diverse subsidiaries are involved in providing an array of products, such as market hogs, ...
Dekon Food And Agriculture Group Class H Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.22B | 22.56B | 22.46B | 16.09B | 15.04B | 9.90B |
| Gross Profit | 502.56M | 2.98B | 4.99B | 123.99M | 2.24B | 815.85M |
| EBITDA | 395.92M | 2.70B | 4.88B | -165.09M | 2.27B | 516.42M |
| Net Income | -1.00B | 1.40B | 4.10B | -1.77B | 992.87M | -3.61B |
Balance Sheet | ||||||
| Total Assets | 24.67B | 23.46B | 23.06B | 18.93B | 19.30B | 15.77B |
| Cash, Cash Equivalents and Short-Term Investments | 5.10B | 4.74B | 5.23B | 2.60B | 4.06B | 2.51B |
| Total Debt | 7.26B | 5.83B | 6.98B | 8.59B | 9.06B | 8.09B |
| Total Liabilities | 17.19B | 14.53B | 14.47B | 15.08B | 14.24B | 11.64B |
| Stockholders Equity | 7.57B | 8.86B | 8.48B | 3.95B | 5.58B | 4.86B |
Cash Flow | ||||||
| Free Cash Flow | -903.19M | 973.81M | 4.39B | -566.01M | 780.11M | -2.93B |
| Operating Cash Flow | 1.07B | 2.68B | 5.36B | 738.74M | 2.21B | 165.26M |
| Investing Cash Flow | -1.50B | -1.13B | -1.56B | -689.45M | -1.25B | -1.76B |
| Financing Cash Flow | 237.72M | -1.69B | -1.86B | -344.26M | 89.01M | 1.45B |
Dekon Food And Agriculture Group Class H Technical Analysis
Negative
69.30
Price Trends
56.26
Negative
52.74
Positive
60.06
Negative
Market Momentum
-0.31
Positive
48.03
Neutral
27.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2419, the sentiment is Negative. The current price of 69.3 is above the 20-day moving average (MA) of 55.12, above the 50-day MA of 56.26, and above the 200-day MA of 60.06, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 48.03 is Neutral, neither overbought nor oversold. The STOCH value of 27.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2419.
Dekon Food And Agriculture Group Class H Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.34B | 1.70 | 11.75% | ― | 12.04% | 144.39% | |
65 Neutral | HK$1.92B | 81.29 | 8.24% | 9.45% | 11.92% | 46.15% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
54 Neutral | HK$8.69B | -17.95 | -12.23% | 1.79% | -10.01% | -129.99% | |
45 Neutral | HK$2.01B | -6.49 | -7.21% | 1.28% | 4.62% | -947.50% | |
44 Neutral | HK$9.87B | -42.26 | -2.37% | 1.08% | 5.12% | 90.34% | |
42 Neutral | HK$15.16B | 18.46 | 5.40% | 1.30% | 6.96% | ― |
* Consumer Defensive Sector Average
HK:2419
Dekon Food And Agriculture Group Class H
55.00
-15.60
-22.10%
HK:1431
YuanShengTai Dairy Farm
0.29
0.02
9.62%
HK:1432
China Shengmu Organic Milk Ltd
0.24
-0.10
-30.43%
HK:9858
China Youran Dairy Group Limited
3.38
0.13
4.17%
HK:1117
China Modern Dairy Holdings Ltd.
1.25
0.04
3.31%
HK:1936
Ritamix Global Limited
4.07
3.49
599.31%
Dekon Food And Agriculture Group Class H Corporate Events
Dekon Food and Agriculture Posts Higher August Hog and Poultry Prices on Strong Volumes
Sep 9, 2026
Dekon Food and Agriculture Group reported August 2026 operating data showing continued scale in its pig and poultry businesses, with detailed figures on sales volumes, revenues and average selling prices across both segments. The disclosure unders...
Dekon Food and Agriculture Swings to Interim Loss as Revenue Declines
Aug 18, 2026
Dekon Food and Agriculture Group reported unaudited interim results for the six months ended 30 June 2026, showing a sharp reversal from profit to loss. Revenue fell to RMB10.09 billion from RMB11.70 billion a year earlier, with the group posting ...
Dekon Food and Agriculture Group Posts Higher Hog Prices, Softer Poultry Margins in July
Aug 10, 2026
Dekon Food and Agriculture Group reported that in July 2026 it sold 918,690 market hogs, generating RMB1.24 billion in revenue, with an average selling price of RMB10.44 per kg, an 8.41% increase from June. For the first seven months of 2026, hog ...
Dekon Food and Agriculture Group Sets August Board Meeting for Interim Results
Aug 6, 2026
Dekon Food and Agriculture Group, a Chinese joint stock company listed in Hong Kong under stock code 2419, operates in the food and agriculture sector with a focus on livestock and related food products. Its board includes multiple executive, non-...
Dekon Food and Agriculture Group Completes US$100 Million Convertible Bond Issue
Aug 4, 2026
Dekon Food and Agriculture Group has completed the issuance of US$100 million zero coupon convertible bonds due 2027 under its general mandate, with the bonds convertible into fully paid H shares at an initial conversion price of HK$54.08 per shar...
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.