Pop Mart International Group Limited

HK$141.90As of Sun 8 Nov 2026, 12:00 UTC

HKEX:9992Consumer Disc

Country Hong Kong

PE (Fwd) •••

TSR 6Y CAGR 10.80%

Div yield 1.96%

ROE 71.22%

Leisure

Beta (5Y) 1.15

PE TTM 12.36

TSR TTM (34.83%)

Mkt cap HK$186.3B

ROIC 108.41%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$142

(0.04%)

25.44%

Hold 2|8|12|9|0

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

22.93

Revenue¥B

29.38

31.23

32.85

34.02

36.30

38.94

40.63

42.40

45.69

49.13

25.64

6.24%

5.67%

25.03

Revenue growth%

9.79

7.43

5.12

4.50

1.77

4.72

4.59

3.48

4.22

1.68

4.93

4.22

4.54

20.14

Gross margin%

2.69

2.50

1.22

3.80

1.76

3.30

5.59

7.00

7.85

6.17

8.47

6.17

3.55

11.35

Operating margin%

27.02

28.29

28.94

28.10

25.94

23.95

26.28

28.15

29.32

29.74

21.51

28.15

28.12

3.23

Net margin%

25.81

24.91

23.16

24.60

22.23

23.73

25.88

26.09

23.27

22.98

12.06

23.73

24.17

22.40

P/E ratio (avg)x

48.78

55.75

54.98

64.40

76.23

73.01

73.55

81.88

91.98

102.4

19.09

81.88

73.28

26.86

EV/EBITx

16.35

16.82

17.60

18.72

19.24

20.47

21.05

19.44

20.74

19.12

13.16

20.47

19.18

25.65

FCF yield (avg)%

19.56

19.84

21.08

21.54

24.40

26.96

29.00

27.96

29.47

27.73

2.60

27.96

25.68

18.35

FCF margin%

23.76

21.69

21.85

23.75

24.76

25.92

25.07

25.41

25.59

27.64

12.25

25.59

24.92

1.757

FCF / Net incomex

2.081

2.235

2.128

2.100

2.033

1.899

1.946

2.118

1.922

2.069

0.804

1.946

2.075

17.58

ROIC%

18.65

20.74

22.71

23.87

22.04

22.55

22.81

23.38

24.37

24.94

15.59

23.38

22.76

20.12

Return on equity%

22.98

24.20

25.49

24.27

23.43

20.50

23.24

23.02

21.94

20.98

4.92

21.94

23.13

14.09

Return on assets%

29.30

31.52

34.35

34.26

32.91

30.52

33.01

35.45

33.58

33.79

10.91

33.58

33.29

19.14

EPS¥

22.17

24.27

26.17

26.01

31.14

36.71

39.81

41.54

44.39

43.84

20.01

7.08%

7.78%

—

16.68

EPS growth%

7.49

5.68

3.88

5.26

3.25

2.47

4.48

4.53

2.55

3.29

2.65

3.29

4.18

23.68

Bookvalue per sh¥

9.42

8.81

8.38

8.07

8.05

8.51

9.45

9.98

10.83

22.77

6.11%

0.58%

—

23.82

FCF per share¥

28.69

31.11

32.11

31.63

30.53

34.57

37.28

38.95

37.79

40.99

6.37

6.07%

4.09%

—

24.27

Dividend per sh¥

29.75

34.57

32.80

31.37

29.49

28.19

30.42

29.77

31.38

30.15

19.20

0.45%

1.68%

—

19.17

Div yield (avg)%

7.37

8.58

6.72

6.74

5.92

6.60

6.32

5.86

5.61

5.01

3.11

5.86

6.46

5.59

Payout ratio%

27.32

28.40

30.93

33.24

33.89

31.97

33.18

33.09

31.17

33.48

2.49

33.09

32.53

1.309

Shares (diluted)B

2.313

2.689

2.838

3.119

3.452

3.839

4.088

4.968

5.376

6.457

1.307

13.34%

12.71%

28.35

Buyback yield%

25.02

23.01

25.61

26.62

28.06

26.80

29.28

31.91

29.56

32.28

8.86

29.56

27.43

0.443

D/E ratiox

1.054

1.058

1.075

0.966

0.835

0.789

0.837

0.851

0.751

0.700

0.190

0.789

0.844

24.89

Enterprise value¥B

54.38

64.67

67.39

80.15

90.05

97.15

114.1

113.6

134.0

140.9

24.59

9.36%

11.10%

15.76

LT debt¥B

21.67

23.82

24.69

23.70

24.45

24.02

24.03

27.94

31.53

35.43

41.25

7.70%

4.66%

Peers (US$23.76B)

Cap (US$)

ANTA Sports Products…

28.41B

12.19x

Li Ning Company Limited

5.085B

11.50x

Bloks Group Limited

1.553B

14.68x

BANDAI NAMCO Holdings…

26.03B

26.88x

Capital

TTM

10Y

Leveragex

0.793

0.011

EBIT/Intx

2.980

1.363

1.235

Own earn%

(36.16)

7.35

(14.88)

Sh yield%

47.52

35.60

33.69

Owners

Insiders/Inst%

3.56

86.98

Short interest%

4.35

SBC / revenue%

3.97

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

24–30

$1 testx

−0.1

Incr. ROIC%

Pop Mart International Group Limited, an investment holding company, designs, develops, and sells pop toys in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company offers blind boxes.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥49.13B

5.67%

1.00×

Cost of revenue

¥25.96B

5.70%

1.00×

Operating expenses

¥8.098B

5.84%

1.02×