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Founded in 1996, Nongfu Spring is a major manufacturer of packaged water, ready-to-drink tea, juice, and functional beverages in China. It holds the number-one share in the bottled water market; this segment contributed approximately 55% of the firm’s revenue and EBIT in 2022.
2001
20K+
LTM Revenue $6.6B
LTM EBITDA $2.7B
$51.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nongfu Spring has a last 12-month revenue of $6.6B and a last 12-month EBITDA of $2.7B.
In the most recent fiscal year, Nongfu Spring achieved revenue of $5.5B and an EBITDA of $2.4B.
Nongfu Spring expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nongfu Spring valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $4.3B | $5.5B | XXX | XXX | XXX |
| Gross Profit | $2.3B | $2.5B | XXX | XXX | XXX |
| Gross Margin | 53% | 45% | XXX | XXX | XXX |
| EBITDA | $1.8B | $2.4B | XXX | XXX | XXX |
| EBITDA Margin | 41% | 43% | XXX | XXX | XXX |
| Net Profit | $921M | $1.1B | XXX | XXX | XXX |
| Net Margin | 22% | 20% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Nongfu Spring's stock price is HKD 36 (or $5).
Nongfu Spring has current market cap of HKD 408B (or $52.4B), and EV of HKD 399B (or $51.3B).
See Nongfu Spring trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51.3B | $52.4B | XXX | XXX | XXX | XXX | $0.15 |
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Sign UpAs of April 15, 2025, Nongfu Spring has market cap of $52.4B and EV of $51.3B.
Nongfu Spring's trades at 8.3x LTM EV/Revenue multiple, and 20.2x LTM EBITDA.
Analysts estimate Nongfu Spring's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Nongfu Spring and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $51.3B | XXX | XXX | XXX |
| EV/Revenue | 9.3x | XXX | XXX | XXX |
| EV/EBITDA | 21.6x | XXX | XXX | XXX |
| P/E | 33.8x | XXX | XXX | XXX |
| P/E/Growth | 1.9x | XXX | XXX | XXX |
| EV/FCF | 32.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpNongfu Spring's NTM/LTM revenue growth is 14%
Nongfu Spring's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Nongfu Spring's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Nongfu Spring's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Nongfu Spring and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 43% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 57% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 22% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 5% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 25% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peets | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Nongfu Spring acquired XXX companies to date.
Last acquisition by Nongfu Spring was XXXXXXXX, XXXXX XXXXX XXXXXX . Nongfu Spring acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Nongfu Spring founded? | Nongfu Spring was founded in 2001. |
| Where is Nongfu Spring headquartered? | Nongfu Spring is headquartered in Hong Kong. |
| How many employees does Nongfu Spring have? | As of today, Nongfu Spring has 20K+ employees. |
| Is Nongfu Spring publicy listed? | Yes, Nongfu Spring is a public company listed on HKG. |
| 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? | Similar companies to Nongfu Spring include e.g. Agthia Group, Acomo, ForFarmers, JDE Peets. |
| What is the current market cap of Nongfu Spring? | Nongfu Spring's current market cap is $52.4B |
| What is the current revenue of Nongfu Spring? | Nongfu Spring's last 12-month revenue is $6.6B. |
| What is the current EBITDA of Nongfu Spring? | Nongfu Spring's last 12-month EBITDA is $2.7B. |
| What is the current EV/Revenue multiple of Nongfu Spring? | Current revenue multiple of Nongfu Spring is 8.3x. |
| What is the current EV/EBITDA multiple of Nongfu Spring? | Current EBITDA multiple of Nongfu Spring is 20.2x. |
| What is the current revenue growth of Nongfu Spring? | Nongfu Spring revenue growth between 2023 and 2024 was 28%. |
| Is Nongfu Spring profitable? | Yes, Nongfu Spring is EBITDA-positive (as of the last 12 months). |
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