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Nongfu Spring Valuation Multiples
Discover revenue and EBITDA valuation multiples for Nongfu Spring and similar public comparables like Hindustan Unilever, Mondelez, Monster Beverage, Danone and more.
Nongfu Spring Overview
About Nongfu Spring
Founded in 1996, Nongfu Spring is a leading beverage producer with products primarily in the packaged water, ready-to-drink tea, juice, coffee, and functional beverages sectors in China. It holds the number-one share in the bottled water market; this segment contributed approximately 40% of the firm’s revenue and EBIT in 2024.
Founded
2001
HQ
Employees
20.0K
Website
Sectors
Financials (LTM)
EV
$64B
Nongfu Spring Financials
Nongfu Spring reported last 12-month revenue of $8B and EBITDA of $3B.
In the same LTM period, Nongfu Spring generated $5B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
Nongfu Spring P&L
In the most recent fiscal year, Nongfu Spring reported revenue of $6B and EBITDA of $3B.
Nongfu Spring expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 60% | XXX | 58% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 30% | XXX | 28% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Nongfu Spring Stock Performance
Nongfu Spring has current market cap of $66B, and enterprise value of $64B.
Market Cap Evolution
Nongfu Spring's stock price is $5.88.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $64B | $66B | -0.1% | XXX | XXX | XXX | $0.16 |
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Start Free TrialNongfu Spring Valuation Multiples
Nongfu Spring trades at 8.4x EV/Revenue multiple, and 19.1x EV/EBITDA.
EV / Revenue (LTM)
Nongfu Spring Financial Valuation Multiples
As of March 19, 2026, Nongfu Spring has market cap of $66B and EV of $64B.
Equity research analysts estimate Nongfu Spring's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nongfu Spring has a P/E ratio of 29.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $66B | XXX | $66B | XXX | XXX | XXX |
| EV (current) | $64B | XXX | $64B | XXX | XXX | XXX |
| EV/Revenue | 8.4x | XXX | 10.3x | XXX | XXX | XXX |
| EV/EBITDA | 19.1x | XXX | 23.5x | XXX | XXX | XXX |
| EV/EBIT | 22.4x | XXX | 30.0x | XXX | XXX | XXX |
| EV/Gross Profit | 13.9x | XXX | 17.7x | XXX | XXX | XXX |
| P/E | 29.0x | XXX | 37.5x | XXX | XXX | XXX |
| EV/FCF | 34.1x | XXX | 57.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Nongfu Spring 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.
Nongfu Spring Margins & Growth Rates
Nongfu Spring's revenue in the last 12 month grew by 14%.
Nongfu Spring's revenue per employee in the last FY averaged $0.4M.
Nongfu Spring's rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nongfu Spring's rule of X is 79% (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).
Nongfu Spring Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | 14% | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 58% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 20% | XXX | 21% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 1% | XXX | — | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 24% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Nongfu Spring Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Hindustan Unilever | XXX | XXX | XXX | XXX | XXX | XXX |
| Mondelez | XXX | XXX | XXX | XXX | XXX | XXX |
| Monster Beverage | XXX | XXX | XXX | XXX | XXX | XXX |
| Danone | XXX | XXX | XXX | XXX | XXX | XXX |
| Hershey | 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.
Nongfu Spring M&A Activity
Nongfu Spring acquired XXX companies to date.
Last acquisition by Nongfu Spring was on XXXXXXXX, XXXXX. Nongfu Spring acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Nongfu Spring
| 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 TrialNongfu Spring Investment Activity
Nongfu Spring invested in XXX companies to date.
Nongfu Spring made its latest investment on XXXXXXXX, XXXXX. Nongfu Spring invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Nongfu Spring
| 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 Nongfu Spring
| When was Nongfu Spring founded? | Nongfu Spring was founded in 2001. |
| Where is Nongfu Spring headquartered? | Nongfu Spring is headquartered in China. |
| How many employees does Nongfu Spring have? | As of today, Nongfu Spring has over 20K employees. |
| Is Nongfu Spring publicly listed? | Yes, Nongfu Spring is a public company listed on HKEX. |
| What is the stock symbol of Nongfu Spring? | Nongfu Spring trades under 09633 ticker. |
| When did Nongfu Spring go public? | Nongfu Spring went public in 2020. |
| Who are competitors of Nongfu Spring? | Nongfu Spring main competitors are Hindustan Unilever, Mondelez, Monster Beverage, Danone. |
| What is the current market cap of Nongfu Spring? | Nongfu Spring's current market cap is $66B. |
| What is the current revenue of Nongfu Spring? | Nongfu Spring's last 12 months revenue is $8B. |
| What is the current revenue growth of Nongfu Spring? | Nongfu Spring revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Nongfu Spring? | Current revenue multiple of Nongfu Spring is 8.4x. |
| Is Nongfu Spring profitable? | Yes, Nongfu Spring is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nongfu Spring? | Nongfu Spring's last 12 months EBITDA is $3B. |
| What is Nongfu Spring's EBITDA margin? | Nongfu Spring's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of Nongfu Spring? | Current EBITDA multiple of Nongfu Spring is 19.1x. |
| What is the current FCF of Nongfu Spring? | Nongfu Spring's last 12 months FCF is $2B. |
| What is Nongfu Spring's FCF margin? | Nongfu Spring's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of Nongfu Spring? | Current FCF multiple of Nongfu Spring is 34.1x. |
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