China Mengniu Dairy Company Limited's (HKG:2319) P/S Still Appears To Be Reasonable

Simply Wall St.12-10

With a median price-to-sales (or "P/S") ratio of close to 0.7x in the Food industry in Hong Kong, you could be forgiven for feeling indifferent about China Mengniu Dairy Company Limited's (HKG:2319) ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2590303838?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/5122000-choice1-main-header/1585186630654","is_english":true,"pubTime":"2025-12-10 11:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2590303838","market":"nz","top_or_hot":-1,"title":"China Mengniu Dairy Company Limited's (HKG:2319) P/S Still Appears To Be Reasonable","media":"Simply Wall St.","content":"<div>\n<p>With a median price-to-sales (or \"P/S\") ratio of close to 0.7x in the Food industry in Hong Kong, you could be forgiven for feeling indifferent about China Mengniu Dairy Company Limited's  (HKG:2319) ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-2319/china-mengniu-dairy-shares/news/china-mengniu-dairy-company-limiteds-hkg2319-ps-still-appear\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Mengniu Dairy Company Limited's (HKG:2319) P/S Still Appears To Be Reasonable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Mengniu Dairy Company Limited's (HKG:2319) P/S Still Appears To Be Reasonable\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-10 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-2319/china-mengniu-dairy-shares/news/china-mengniu-dairy-company-limiteds-hkg2319-ps-still-appear><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With a median price-to-sales (or \"P/S\") ratio of close to 0.7x in the Food industry in Hong Kong, you could be forgiven for feeling indifferent about China Mengniu Dairy Company Limited's  (HKG:2319) ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-2319/china-mengniu-dairy-shares/news/china-mengniu-dairy-company-limiteds-hkg2319-ps-still-appear\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HK0000320264.USD","symbol_name":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-2319/china-mengniu-dairy-shares/news/china-mengniu-dairy-company-limiteds-hkg2319-ps-still-appear","article_id":"2590303838","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/5122000-choice1-main-header/1585186630654"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/hk/food-beverage-tobacco/hkg-2319/china-mengniu-dairy-shares/news/china-mengniu-dairy-company-limiteds-hkg2319-ps-still-appear","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590303838","pubTimestamp":1765336011,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"With a median price-to-sales (or \"P/S\") ratio of close to 0.7x in the Food industry in Hong Kong, you could be forgiven...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0048580855.USD":"富达大中华区A","LU1439103000.SGD":"Fidelity Greater China Multi Asset Growth & Income A-MINCOME(G)-SGD","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","IE00B067MR52.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1102505762.USD":"富达新兴市场焦点 A","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0823426308.USD":"法巴中国股票基金","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","BK1589":"北水核心资产","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU0173614495.USD":"富达中国焦点A","02319":"蒙牛乳业","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0228659784.USD":"施罗德金砖四国基金","BK1237":"包装食品与肉类","LU0359201612.USD":"贝莱德中国基金A2","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","LU0594300419.USD":"富达中国消费基金A","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0072462343.USD":"贝莱德亚洲巨龙基金","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","IE00B97KM107.HKD":"FSSA ASIAN EQUITY PLUS \"I\" (HKD) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","BK1553":"奶制品股","LU1102505929.USD":"FIDELITY SUSTAINABLE EMERGING MARKETS EQUITY  \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","LU0106959298.USD":"UBS (LUX) EQUITY FUND - EMERGING MARKETS SUSTAINABLE LEADERS (USD) \"P\" (USD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","IE0031814852.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","LU1769817179.HKD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (HKD) INC","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","LU0471298777.SGD":"Blackrock Nutrition A2 SGD-H","IE0032834883.USD":"FSSA ASIAN EQUITY PLUS \"I\" (USD) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","BK1597":"三胎概念","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC"},"translate_title":"中国蒙牛乳业有限公司（HKG：2319）的市盈率似乎仍然合理","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02319":1.5},"content_text":"With a median price-to-sales (or \"P/S\") ratio of close to 0.7x in the Food industry in Hong Kong, you could be forgiven for feeling indifferent about China Mengniu Dairy Company Limited's  (HKG:2319) P/S ratio of 0.6x.  Although, it's not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.     We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.  See our latest analysis for China Mengniu Dairy SEHK:2319 Price to Sales Ratio vs Industry December 10th 2025Advertisement How Has China Mengniu Dairy Performed Recently?  While the industry has experienced revenue growth lately, China Mengniu Dairy's revenue has gone into reverse gear, which is not great.   It might be that many expect the dour revenue performance to strengthen positively, which has kept the P/S from falling.  You'd really hope so, otherwise you're paying a relatively elevated price for a company with this sort of growth profile.     Keen to find out how analysts think China Mengniu Dairy's future stacks up against the industry? In that case, our free report is a great place to start.  How Is China Mengniu Dairy's Revenue Growth Trending?   China Mengniu Dairy's P/S ratio would be typical for a company that's only expected to deliver moderate growth, and importantly, perform in line with the industry.   Retrospectively, the last year delivered a frustrating 7.2% decrease to the company's top line.   This means it has also seen a slide in revenue over the longer-term as revenue is down 4.9% in total over the last three years.  So unfortunately, we have to acknowledge that the company has not done a great job of growing revenue over that time.     Shifting to the future, estimates from the analysts covering the company suggest revenue should grow by 3.1% per year over the next three years.  That's shaping up to be similar to the 3.1% per annum growth forecast for the broader industry.  In light of this, it's understandable that China Mengniu Dairy's P/S sits in line with the majority of other companies.  It seems most investors are expecting to see average future growth and are only willing to pay a moderate amount for the stock.    The Key Takeaway  We'd say the price-to-sales ratio's power isn't primarily as a valuation instrument but rather to gauge current investor sentiment and future expectations.  A China Mengniu Dairy's P/S seems about right to us given the knowledge that analysts are forecasting a revenue outlook that is similar to the Food industry.  Right now shareholders are comfortable with the P/S as they are quite confident future revenue won't throw up any surprises.  Unless these conditions change, they will continue to support the share price at these levels.      It's always necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with China Mengniu Dairy, and understanding  should be part of your investment process.   If these risks are making you reconsider your opinion on China Mengniu Dairy, explore our interactive list of high quality stocks to get an idea of what else is out there. New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590303838","isCrawlerRequest":true}