Analyst Estimates: Here's What Brokers Think Of Nongfu Spring Co., Ltd. (HKG:9633) After Its Half-Yearly Report
As you might know, Nongfu Spring Co., Ltd. (HKG:9633) recently reported its half-year numbers. It was a credible result overall, with revenues of CN¥30b and statutory earnings per share of CN¥1.41 both in line with analyst estimates, showing that Nongfu Spring is executing in line with expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nongfu Spring after the latest results.
After the latest results, the 28 analysts covering Nongfu Spring are now predicting revenues of CN¥60.1b in 2026. If met, this would reflect an okay 6.0% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 4.7% to CN¥1.59. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥59.9b and earnings per share (EPS) of CN¥1.57 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
See our latest analysis for Nongfu Spring
It will come as no surprise then, to learn that the consensus price target is largely unchanged at HK$53.43. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Nongfu Spring, with the most bullish analyst valuing it at HK$61.13 and the most bearish at HK$32.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We can infer from the latest estimates that forecasts expect a continuation of Nongfu Spring'shistorical trends, as the 12% annualised revenue growth to the end of 2026 is roughly in line with the 14% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 8.9% annually. So although Nongfu Spring is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at HK$53.43, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Nongfu Spring analysts - going out to 2028, and you can see them free on our platform here.
We also provide an overview of the Nongfu Spring Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.
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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.