Nongfu Spring Ratios and Metrics

Market cap in millions HKD. Fiscal year is January - December.

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 25, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	522,061	526,784	381,818	507,778	495,969	578,631
Market Cap Growth	31.87%	37.97%	-24.81%	2.38%	-14.29%	-6.28%
Enterprise Value	506,214	510,799	365,612	485,472	477,465	565,194
Last Close Price	46.42	46.84	33.23	43.40	41.60	47.92
PE Ratio	29.56	29.83	29.60	38.16	51.65	65.82
Forward PE	26.35	29.06	26.08	39.74	48.46	61.55
PS Ratio	8.93	9.01	8.36	10.80	13.20	15.87
PB Ratio	11.89	11.99	11.11	16.13	18.22	22.73
P/TBV Ratio	11.91	12.02	11.14	16.17	18.26	22.80
P/FCF Ratio	-	-	77.73	36.61	55.90	52.74
P/OCF Ratio	-	-	32.55	26.64	36.43	41.35
PEG Ratio	1.95	1.88	2.83	2.41	3.91	3.54
EV/Sales Ratio	8.66	8.73	8.01	10.33	12.71	15.51
EV/EBITDA Ratio	20.41	20.60	20.81	26.73	35.79	42.01
EV/EBIT Ratio	23.26	23.47	24.93	31.57	44.74	53.10
EV/FCF Ratio	-	-	74.43	35.00	53.82	51.52
Debt / Equity Ratio	0.11	0.11	0.12	0.11	0.11	0.13
Debt / EBITDA Ratio	0.20	0.20	0.23	0.19	0.21	0.23
Debt / FCF Ratio	-	-	0.81	0.26	0.32	0.29
Net Debt / Equity Ratio	-0.36	-0.36	-0.27	-0.74	-0.53	-0.60
Net Debt / EBITDA Ratio	-0.64	-0.64	-0.52	-1.27	-1.08	-1.14
Net Debt / FCF Ratio	-	-	-1.87	-1.67	-1.63	-1.40
Asset Turnover	0.89	0.89	0.84	0.97	0.92	1.01
Inventory Turnover	3.82	3.82	4.44	6.64	7.22	6.66
Quick Ratio	0.78	0.78	0.69	1.25	1.09	1.36
Current Ratio	1.07	1.07	0.95	1.43	1.26	1.54
Return on Equity (ROE)	44.23%	44.23%	39.84%	45.88%	37.90%	39.53%
Return on Assets (ROA)	20.66%	20.66%	16.84%	19.74%	16.35%	18.45%
Return on Invested Capital (ROIC)	58.80%	60.68%	67.80%	113.96%	74.23%	78.12%
Return on Capital Employed (ROCE)	48.50%	48.50%	41.50%	47.70%	38.30%	40.70%
Earnings Yield	3.38%	3.35%	3.38%	2.62%	1.94%	1.52%
FCF Yield	-	-	1.29%	2.73%	1.79%	1.90%
Dividend Yield	1.93%	2.35%	2.43%	1.90%	1.85%	1.15%
Payout Ratio	-	-	69.58%	63.30%	59.55%	26.70%
Buyback Yield / Dilution	0.01%	0.01%	-0.01%	-0.01%	0.01%	-2.83%
Total Shareholder Return	1.94%	2.36%	2.42%	1.90%	1.86%	-1.68%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.