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Pop Mart International Group Limited (9992) AI Stock Analysis
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Pop Mart International Group Limited
(HKEX:9992)
The score is driven primarily by very strong financial performance (rapid growth, major margin expansion, strong cash conversion, and high returns) supported by a reasonable valuation. The main offset is mixed technicals, with negative MACD and the price still well below the 200-day moving average despite neutral momentum readings.
Pop Mart International Group Limited (9992) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 177.66B
- Dividend Yield
- 2.02%
- Average Volume (3M)
- 8.64M
- Price to Earnings (P/E)
- 11.7
- Beta (1Y)
- 0.57
- Revenue Growth
- 86.78%
- EPS Growth
- 101.48%
- Country
- Hong Kong
- Employees
- 12,056
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Leisure
Pop Mart International Group Limited Business Overview & Revenue Model
Company Description
Pop Mart International Group Limited, established in 2010 and headquartered in Beijing, China, specializes in the creation, development, and sale of collectible "pop toys" primarily within the Chinese market. Operating under its distinctive Pop Mart...
How the Company Makes Money
Pop Mart makes money primarily by selling designer toys and related merchandise under its portfolio of character IP. Its core revenue stream comes from retail sales of packaged collectible products (commonly blind-box figurines), where customers purc...
Pop Mart International Group Limited Financial Statement Overview
Summary
Exceptional profitability and growth in 2025 with meaningful margin expansion (gross, net, and EBIT) alongside strong cash generation and high returns on equity. Key risks are sustainability of the outsized 2025 step-change and the noticeable increase in absolute debt, though leverage remains low.
Income Statement
93Very PositiveBalance Sheet
88Very PositiveCash Flow
85Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.79B | 36.16B | 13.04B | 6.30B | 4.62B | 4.49B |
| Gross Profit | 28.52B | 26.07B | 8.71B | 3.86B | 2.65B | 2.76B |
| EBITDA | 19.32B | 17.57B | 5.06B | 2.12B | 1.28B | 1.63B |
| Net Income | 13.03B | 12.45B | 3.13B | 1.08B | 475.66M | 854.34M |
Balance Sheet | ||||||
| Total Assets | 31.02B | 32.12B | 14.87B | 9.97B | 8.58B | 8.32B |
| Cash, Cash Equivalents and Short-Term Investments | 13.97B | 17.24B | 9.63B | 5.97B | 5.05B | 5.29B |
| Total Debt | 3.73B | 2.86B | 964.56M | 792.81M | 741.13M | 621.45M |
| Total Liabilities | 7.74B | 9.45B | 3.99B | 2.19B | 1.61B | 1.50B |
| Stockholders Equity | 23.05B | 22.29B | 10.68B | 7.77B | 6.96B | 6.82B |
Cash Flow | ||||||
| Free Cash Flow | 7.27B | 9.67B | 4.54B | 1.61B | 563.59M | 444.78M |
| Operating Cash Flow | 8.79B | 10.81B | 5.06B | 2.00B | 918.56M | 773.01M |
| Investing Cash Flow | -1.51B | -993.31M | -9.21M | 223.99M | -4.81B | -644.08M |
| Financing Cash Flow | -5.98B | -1.92B | -976.05M | -840.87M | -1.20B | -428.62M |
Pop Mart International Group Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9992, the sentiment is Negative. The current price of 134.90 is below the 20-day moving average (MA) of 141.41, below the 50-day MA of 148.94, and below the 200-day MA of 170.59, indicating a bearish trend. The MACD of -5.80 indicates Positive momentum. The RSI at 38.79 is Neutral, neither overbought nor oversold. The STOCH value of 35.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9992.
Pop Mart International Group Limited Peers Comparison
Overall Rating
- HK:999280Outperform
HK:086964.3Neutral
HK:063555Neutral
HK:383047Neutral
HK:018040Underperform
HK:691840Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:9992 | 80Outperform | HKD 177.66B | 11.73 | 57.49% | 2.02% | 86.78% | 101.48% |
| HK:0869 | 64Neutral | HKD 540.86M | -75.00 | -0.68% | 14.58% | -23.66% | -152.03% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| HK:0635 | 55Neutral | HKD 1.02B | -4.13 | -5.52% | 9.09% | -18.78% | 42.15% |
| HK:3830 | 47Neutral | HKD 175.00M | -28.23 | -36.67% | ― | 1.90% | 11.43% |
| HK:0180 | 40Underperform | HKD 215.78M | -0.91 | -14.23% | ― | 4.04% | -16.43% |
| HK:6918 | 40Underperform | HKD 80.44M | -0.45 | -69.53% | ― | 16.96% | -94.77% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:9992 | Pop Mart International Group Limited | 134.90 | -87.75 | -39.41% | |
| HK:0869 | Playmates Toys | 0.48 | -0.06 | -11.11% | |
| HK:0635 | Playmates Holdings | 0.49 | 0.01 | 2.06% | |
| HK:0180 | Kader Holdings Co. Ltd. | 0.23 | 0.03 | 17.01% | |
| HK:3830 | Kiddieland International Ltd. | 0.17 | 0.11 | 182.26% | |
| HK:6918 | Kidztech Holdings Ltd. | 0.09 | -0.10 | -52.33% |
Pop Mart International Group Limited Corporate Events
Pop Mart Warns of Steep Global Revenue Slump in Q3 2026
Pop Mart International Group Limited, a Hong Kong-listed designer toy and pop culture merchandise company, operates a mix of offline stores and online channels across the PRC, Asia-Pacific, America, Europe and other regions. Its core business focuses...
Pop Mart Grants 140,431 Performance-Linked Share Awards to Staff
Pop Mart International Group Limited has granted 140,431 share awards to employees under its post-IPO share award scheme, with the awards vesting in stages from the second to the fourth anniversary of the grant date and subject to individual performa...
Pop Mart Grants Share Awards to Key Service Provider Under Post-IPO Scheme
Pop Mart International Group Limited has granted 54,022 share awards under its post-IPO share award scheme to a human resources advisory service provider, with the awards vesting in one year subject to specific performance targets. The move, funded e...
Pop Mart Grants New Employee Share Awards to Align Incentives and Support Growth
Pop Mart International Group Limited has granted 137,510 share awards at no purchase price to employees, including two senior managers, under its post-IPO share award scheme, with vesting tranches scheduled between April 2027 and April 2030 and perfo...
Pop Mart Delivers Double-Digit Earnings Growth on Strong Art Toy Demand
Pop Mart International Group Limited reported robust interim results for the six months ended June 30, 2026, underscoring the strength of its art toy and pop culture merchandise franchise. Revenue climbed 23.8% year-on-year to RMB17.17 billion, while...
Pop Mart Sets August Board Meeting to Review Interim Results and Dividend
Pop Mart International Group Limited announced that its board of directors will convene a meeting on August 20, 2026 to review and approve the group’s interim financial results for the six months ended June 30, 2026. The board will also conside...
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.
Date of analysis: Aug 30, 2026