Pop Mart International Group Limited

SEHK:9992 Stock Report

Market Cap: HK$191.6b

Pop Mart International Group Valuation

Is 9992 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 9992 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 9992 (HK$141.8) is trading below our estimate of future cash flow value (HK$378.59)

Significantly Below Future Cash Flow Value: 9992 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9992?

Key metric: As 9992 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9992. This is calculated by dividing 9992's market cap by their current earnings.
What is 9992's PE Ratio?
PE Ratio12.9x
EarningsCN¥12.78b
Market CapCN¥168.30b

Price to Earnings Ratio vs Peers

How does 9992's PE Ratio compare to its peers?

The above table shows the PE ratio for 9992 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
1929 Chow Tai Fook Jewellery Group
18.7x19.85%HK$111.0b
590 Luk Fook Holdings (International)
10.9x15.71%HK$14.0b
6883 Eternal Beauty Holdings
9.9x17.52%HK$2.8b
178 Sa Sa International Holdings
27.9x18.08%HK$2.3b
9992 Pop Mart International Group
12.9x13.28%HK$191.6b

Price-To-Earnings vs Peers: 9992 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the peer average (16.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 9992's PE Ratio compare vs other companies in the HK Specialty Retail Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
9992 12.9xIndustry Avg. 11.6xNo. of Companies7PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9992 is expensive based on its Price-To-Earnings Ratio (12.9x) compared to the Hong Kong Specialty Retail industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is 9992's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9992 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.9x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: 9992 is good value based on its Price-To-Earnings Ratio (12.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9992 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$141.80
HK$259.97
+83.33%
25.35%HK$388.02HK$127.12n/a24
Mar ’27HK$229.80
HK$346.59
+50.82%
19.31%HK$470.01HK$181.16n/a24
Feb ’27HK$223.60
HK$351.53
+57.21%
19.35%HK$470.00HK$181.00n/a24
Jan ’27HK$187.70
HK$352.65
+87.88%
20.70%HK$474.68HK$173.66n/a25
Dec ’26HK$215.20
HK$352.81
+63.95%
19.56%HK$474.06HK$171.85n/a25
Nov ’26HK$221.60
HK$363.70
+64.13%
17.43%HK$470.14HK$170.25n/a25
Oct ’26HK$266.80
HK$359.38
+34.70%
15.94%HK$432.66HK$170.17n/a24
Sep ’26HK$308.40
HK$361.91
+17.35%
15.52%HK$433.74HK$170.60n/a24
Aug ’26HK$243.20
HK$312.54
+28.51%
16.15%HK$383.07HK$170.12n/a23
Jul ’26HK$266.60
HK$273.77
+2.69%
19.88%HK$360.22HK$164.53n/a22
Jun ’26HK$220.40
HK$216.05
-1.98%
16.73%HK$294.34HK$155.31n/a21
May ’26HK$193.80
HK$200.23
+3.32%
11.62%HK$237.24HK$151.79n/a17
Apr ’26HK$164.30
HK$174.33
+6.10%
11.68%HK$223.33HK$132.14HK$145.3017
Mar ’26HK$104.20
HK$102.96
-1.19%
21.09%HK$135.91HK$49.36HK$229.8016
Feb ’26HK$94.00
HK$96.01
+2.13%
19.22%HK$119.03HK$48.92HK$223.6014
Jan ’26HK$89.65
HK$91.37
+1.92%
20.27%HK$119.55HK$49.13HK$187.7014
Dec ’25HK$89.85
HK$82.43
-8.26%
17.52%HK$108.16HK$49.57HK$215.2014
Nov ’25HK$71.50
HK$77.02
+7.73%
12.03%HK$88.08HK$50.27HK$221.6014
Oct ’25HK$53.25
HK$53.85
+1.12%
6.27%HK$60.87HK$48.66HK$266.8013
Sep ’25HK$45.85
HK$53.34
+16.33%
8.49%HK$61.01HK$42.40HK$308.4013
Aug ’25HK$40.30
HK$43.33
+7.53%
16.19%HK$52.04HK$29.85HK$243.2014
Jul ’25HK$38.25
HK$36.01
-5.87%
19.60%HK$47.72HK$25.75HK$266.6014
Jun ’25HK$37.10
HK$35.33
-4.77%
18.21%HK$47.83HK$25.81HK$220.4014
May ’25HK$33.90
HK$32.85
-3.08%
13.50%HK$39.95HK$25.86HK$193.8015
Apr ’25HK$28.75
HK$30.03
+4.47%
14.65%HK$37.97HK$18.95HK$164.3015
HK$259.97
Fair Value
45.5% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/02 09:20
End of Day Share Price 2026/04/02 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pop Mart International Group Limited is covered by 44 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Melinda HuBernstein
Alice MaBofA Global Research
Yunqiao DuCCB International Securities Limited