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Master Kong Valuation Multiples
Discover revenue and EBITDA valuation multiples for Master Kong and similar public comparables like CELSIUS Energy Drinks, Suntory, Magnum Ice Cream Company, Kikkoman and more.
Master Kong Overview
About Master Kong
Tingyi is a leading producer of instant noodles and ready-to-drink beverages in China, with its Master Kong brand being the most popular. The company commenced its instant noodle business in the country in 1992 and expanded into beverages in 1996. In March 2012, Tingyi formed a strategic alliance with PepsiCo and became China's exclusive manufacturer and distributor of Pepsi’s nonalcoholic drinks.
Founded
1996
HQ
Employees
64.8K
Website
Sectors
Financials (LTM)
EV
$9B
Master Kong Financials
Master Kong reported last 12-month revenue of $12B and EBITDA of $1B.
In the same LTM period, Master Kong generated $4B in gross profit, $1B in EBITDA, and $659M in net income.
Revenue (LTM)
Master Kong P&L
In the most recent fiscal year, Master Kong reported revenue of $12B and EBITDA of $1B.
Master Kong 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 | $12B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 35% | XXX | 33% | XXX | XXX | XXX |
| EBITDA | $1B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $659M | XXX | $547M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 5% | XXX | XXX | XXX |
| Net Debt | — | — | $841M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Master Kong Stock Performance
Master Kong has current market cap of $9B, and enterprise value of $9B.
Market Cap Evolution
Master Kong's stock price is $1.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $9B | $9B | 0.0% | XXX | XXX | XXX | $0.10 |
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Start Free TrialMaster Kong Valuation Multiples
Master Kong trades at 0.8x EV/Revenue multiple, and 6.2x EV/EBITDA.
EV / Revenue (LTM)
Master Kong Financial Valuation Multiples
As of April 20, 2026, Master Kong has market cap of $9B and EV of $9B.
Equity research analysts estimate Master Kong's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Master Kong has a P/E ratio of 13.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV/Revenue | 0.8x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 6.2x | XXX | 6.3x | XXX | XXX | XXX |
| EV/EBIT | 9.0x | XXX | 10.7x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.4x | XXX | XXX | XXX |
| P/E | 13.7x | XXX | 16.5x | XXX | XXX | XXX |
| EV/FCF | 10.5x | XXX | 13.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Master Kong 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.
Master Kong Margins & Growth Rates
Master Kong's revenue in the last 12 month grew by 4%.
Master Kong's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Master Kong's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Master Kong's rule of X is 24% (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).
Master Kong Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 0% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 24% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | 22% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 0% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Master Kong Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Master Kong | XXX | XXX | XXX | XXX | XXX | XXX |
| CELSIUS Energy Drinks | XXX | XXX | XXX | XXX | XXX | XXX |
| Suntory | XXX | XXX | XXX | XXX | XXX | XXX |
| Magnum Ice Cream Company | XXX | XXX | XXX | XXX | XXX | XXX |
| Kikkoman | XXX | XXX | XXX | XXX | XXX | XXX |
| Lotus Bakeries | 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.
Master Kong M&A Activity
Master Kong acquired XXX companies to date.
Last acquisition by Master Kong was on XXXXXXXX, XXXXX. Master Kong acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Master Kong
| 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 TrialMaster Kong Investment Activity
Master Kong invested in XXX companies to date.
Master Kong made its latest investment on XXXXXXXX, XXXXX. Master Kong invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Master Kong
| 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 Master Kong
| When was Master Kong founded? | Master Kong was founded in 1996. |
| Where is Master Kong headquartered? | Master Kong is headquartered in China. |
| How many employees does Master Kong have? | As of today, Master Kong has over 64K employees. |
| Is Master Kong publicly listed? | Yes, Master Kong is a public company listed on HKEX. |
| What is the stock symbol of Master Kong? | Master Kong trades under 00322 ticker. |
| When did Master Kong go public? | Master Kong went public in 1996. |
| Who are competitors of Master Kong? | Master Kong main competitors are CELSIUS Energy Drinks, Suntory, Magnum Ice Cream Company, Kikkoman. |
| What is the current market cap of Master Kong? | Master Kong's current market cap is $9B. |
| What is the current revenue of Master Kong? | Master Kong's last 12 months revenue is $12B. |
| What is the current revenue growth of Master Kong? | Master Kong revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Master Kong? | Current revenue multiple of Master Kong is 0.8x. |
| Is Master Kong profitable? | Yes, Master Kong is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Master Kong? | Master Kong's last 12 months EBITDA is $1B. |
| What is Master Kong's EBITDA margin? | Master Kong's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Master Kong? | Current EBITDA multiple of Master Kong is 6.2x. |
| What is the current FCF of Master Kong? | Master Kong's last 12 months FCF is $886M. |
| What is Master Kong's FCF margin? | Master Kong's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Master Kong? | Current FCF multiple of Master Kong is 10.5x. |
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