Nine Dragons Paper (Holdings) Limited (HKG:2689)

HKG:2689 Statistics

Total Valuation

HKG:2689 has a market cap or net worth of HKD 26.51 billion. The enterprise value is 99.29 billion.

Market Cap	26.51B
Enterprise Value	99.29B

Important Dates

The next estimated earnings date is Thursday, November 27, 2025.

Earnings Date	Nov 27, 2025
Ex-Dividend Date	n/a

Share Statistics

HKG:2689 has 4.69 billion shares outstanding.

Current Share Class	4.69B
Shares Outstanding	4.69B
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	3.66%
Owned by Institutions (%)	4.99%
Float	1.53B

Valuation Ratios

The trailing PE ratio is 13.69 and the forward PE ratio is 8.80. HKG:2689's PEG ratio is 0.31.

PE Ratio	13.69
Forward PE	8.80
PS Ratio	0.38
PB Ratio	0.48
P/TBV Ratio	0.49
P/FCF Ratio	n/a
P/OCF Ratio	4.85
PEG Ratio	0.31

Enterprise Valuation

The stock's EV/EBITDA ratio is 11.78, with an EV/FCF ratio of -9.20.

EV / Earnings	51.27
EV / Sales	1.43
EV / EBITDA	11.78
EV / EBIT	22.97
EV / FCF	-9.20

Financial Position

The company has a current ratio of 1.07, with a Debt / Equity ratio of 1.52.

Current Ratio	1.07
Quick Ratio	0.69
Debt / Equity	1.52
Debt / EBITDA	10.01
Debt / FCF	-7.84
Interest Coverage	2.45

Financial Efficiency

Return on equity (ROE) is 4.44% and return on invested capital (ROIC) is 2.02%.

Return on Equity (ROE)	4.44%
Return on Assets (ROA)	1.72%
Return on Invested Capital (ROIC)	2.02%
Return on Capital Employed (ROCE)	3.40%
Revenue Per Employee	2.52M
Profits Per Employee	70,534
Employee Count	27,453
Asset Turnover	0.44
Inventory Turnover	5.43

Taxes

In the past 12 months, HKG:2689 has paid 310.01 million in taxes.

Income Tax	310.01M
Effective Tax Rate	11.39%

Stock Price Statistics

The stock price has increased by +63.30% in the last 52 weeks. The beta is 0.84, so HKG:2689's price volatility has been lower than the market average.

Beta (5Y)	0.84
52-Week Price Change	+63.30%
50-Day Moving Average	5.57
200-Day Moving Average	3.92
Relative Strength Index (RSI)	55.37
Average Volume (20 Days)	10,740,505

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, HKG:2689 had revenue of HKD 69.30 billion and earned 1.94 billion in profits. Earnings per share was 0.41.

Revenue	69.30B
Gross Profit	7.94B
Operating Income	4.34B
Pretax Income	2.72B
Net Income	1.94B
EBITDA	8.29B
EBIT	4.34B
Earnings Per Share (EPS)	0.41

Balance Sheet

The company has 12.35 billion in cash and 84.57 billion in debt, giving a net cash position of -72.22 billion or -15.39 per share.

Cash & Cash Equivalents	12.35B
Total Debt	84.57B
Net Cash	-72.22B
Net Cash Per Share	-15.39
Equity (Book Value)	55.46B
Book Value Per Share	11.04
Working Capital	2.57B

Cash Flow

In the last 12 months, operating cash flow was 5.46 billion and capital expenditures -16.25 billion, giving a free cash flow of -10.79 billion.

Operating Cash Flow	5.46B
Capital Expenditures	-16.25B
Free Cash Flow	-10.79B
FCF Per Share	-2.30

Margins

Gross margin is 11.46%, with operating and profit margins of 6.26% and 3.43%.

Gross Margin	11.46%
Operating Margin	6.26%
Pretax Margin	3.93%
Profit Margin	3.43%
EBITDA Margin	11.96%
EBIT Margin	6.26%
FCF Margin	n/a

Dividends & Yields

HKG:2689 does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	n/a
Shareholder Yield	n/a
Earnings Yield	7.30%
FCF Yield	-40.70%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

HKG:2689 has an Altman Z-Score of 1.03 and a Piotroski F-Score of 6. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.03
Piotroski F-Score	6