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China Mengniu Dairy Valuation Multiples
Discover revenue and EBITDA valuation multiples for China Mengniu Dairy and similar public comparables like Ingredion, Toyo Suisan, Want Want China, Campbell's and more.
China Mengniu Dairy Overview
About China Mengniu Dairy
China Mengniu Dairy is China’s second-largest dairy producer by market share. The company produces a wide range of dairy products, including liquid milk, yogurt, ice cream, infant milk formula, and cheese. Liquid milk, composed of milk, milk beverages, and yogurt, contributed roughly 80% of Mengniu’s revenue in 2024. Flagship lineups include Deluxe, Mengniu Pure Milk, Just Yoghurt, and Yoyi C. Mengniu also owns two infant formula brands, Yashili and Bellamy, as well as Milkground, a cheese brand.
Founded
2004
HQ

Employees
41.0K
Website
Sectors
Financials (LTM)
EV
$8B
China Mengniu Dairy Financials
China Mengniu Dairy reported last 12-month revenue of $12B and EBITDA of $1B.
In the same LTM period, China Mengniu Dairy generated $5B in gross profit, $1B in EBITDA, and $574M in net income.
Revenue (LTM)
China Mengniu Dairy P&L
In the most recent fiscal year, China Mengniu Dairy reported revenue of $13B and EBITDA of $853M.
China Mengniu Dairy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $12B | XXX | $13B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Gross Margin | 41% | XXX | 40% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $853M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $574M | XXX | $15M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
China Mengniu Dairy Stock Performance
China Mengniu Dairy has current market cap of $7B, and enterprise value of $8B.
Market Cap Evolution
China Mengniu Dairy's stock price is $1.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8B | $7B | -0.1% | XXX | XXX | XXX | $0.00 |
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Start Free TrialChina Mengniu Dairy Valuation Multiples
China Mengniu Dairy trades at 0.7x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
China Mengniu Dairy Financial Valuation Multiples
As of March 19, 2026, China Mengniu Dairy has market cap of $7B and EV of $8B.
Equity research analysts estimate China Mengniu Dairy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
China Mengniu Dairy has a P/E ratio of 12.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $8B | XXX | $8B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 9.6x | XXX | XXX | XXX |
| EV/EBIT | 9.5x | XXX | 7.3x | XXX | XXX | XXX |
| EV/Gross Profit | 1.7x | XXX | 1.6x | XXX | XXX | XXX |
| P/E | 12.9x | XXX | 489.5x | XXX | XXX | XXX |
| EV/FCF | 13.1x | XXX | 10.7x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified China Mengniu Dairy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


China Mengniu Dairy Margins & Growth Rates
China Mengniu Dairy's revenue in the last 12 month grew by 3%.
China Mengniu Dairy's revenue per employee in the last FY averaged $0.3M.
China Mengniu Dairy's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
China Mengniu Dairy's rule of X is 18% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
China Mengniu Dairy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (7%) | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 16% | XXX | 42% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 26% | XXX | 26% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 31% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
China Mengniu Dairy Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ingredion | XXX | XXX | XXX | XXX | XXX | XXX |
| Toyo Suisan | XXX | XXX | XXX | XXX | XXX | XXX |
| Want Want China | XXX | XXX | XXX | XXX | XXX | XXX |
| Campbell's | XXX | XXX | XXX | XXX | XXX | XXX |
| Meiji Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
China Mengniu Dairy M&A Activity
China Mengniu Dairy acquired XXX companies to date.
Last acquisition by China Mengniu Dairy was on XXXXXXXX, XXXXX. China Mengniu Dairy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by China Mengniu Dairy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialChina Mengniu Dairy Investment Activity
China Mengniu Dairy invested in XXX companies to date.
China Mengniu Dairy made its latest investment on XXXXXXXX, XXXXX. China Mengniu Dairy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by China Mengniu Dairy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout China Mengniu Dairy
| When was China Mengniu Dairy founded? | China Mengniu Dairy was founded in 2004. |
| Where is China Mengniu Dairy headquartered? | China Mengniu Dairy is headquartered in Hong Kong. |
| How many employees does China Mengniu Dairy have? | As of today, China Mengniu Dairy has over 41K employees. |
| Who is the CEO of China Mengniu Dairy? | China Mengniu Dairy's CEO is Fei Gao. |
| Is China Mengniu Dairy publicly listed? | Yes, China Mengniu Dairy is a public company listed on HKEX. |
| What is the stock symbol of China Mengniu Dairy? | China Mengniu Dairy trades under 02319 ticker. |
| When did China Mengniu Dairy go public? | China Mengniu Dairy went public in 2004. |
| Who are competitors of China Mengniu Dairy? | China Mengniu Dairy main competitors are Ingredion, Toyo Suisan, Want Want China, Campbell's. |
| What is the current market cap of China Mengniu Dairy? | China Mengniu Dairy's current market cap is $7B. |
| What is the current revenue of China Mengniu Dairy? | China Mengniu Dairy's last 12 months revenue is $12B. |
| What is the current revenue growth of China Mengniu Dairy? | China Mengniu Dairy revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of China Mengniu Dairy? | Current revenue multiple of China Mengniu Dairy is 0.7x. |
| Is China Mengniu Dairy profitable? | Yes, China Mengniu Dairy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of China Mengniu Dairy? | China Mengniu Dairy's last 12 months EBITDA is $1B. |
| What is China Mengniu Dairy's EBITDA margin? | China Mengniu Dairy's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of China Mengniu Dairy? | Current EBITDA multiple of China Mengniu Dairy is 6.5x. |
| What is the current FCF of China Mengniu Dairy? | China Mengniu Dairy's last 12 months FCF is $622M. |
| What is China Mengniu Dairy's FCF margin? | China Mengniu Dairy's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of China Mengniu Dairy? | Current FCF multiple of China Mengniu Dairy is 13.1x. |
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