Mengniu Dairy (2319) Stock Price, Fundamentals & Analysis

What 2319 does

Mengniu Dairy (2319) is a stock listed on the Hong Kong Stock Exchange. It is a holding company that manufactures and distributes dairy products under the MENGNIU brand in China and internationally. The business is divided into five segments: Liquid Milk, Ice Cream, Milk Formula, Cheese, and Others. The Liquid Milk segment covers ultra-high temperature milk, milk beverages, yogurt, and fresh milk. The Ice Cream segment handles dairy-based ice cream. The Milk Formula segment focuses on milk powder. The Cheese segment covers cheese manufacturing and distribution. The Other segment includes raw materials for daily products, trading, organic food and formula products for babies and toddlers, and commercial factoring and financing guarantee services. The company was founded in 1999 and is headquartered in Causeway Bay, Hong Kong. In the broader consumer defensive space, it is sometimes compared with peers such as Nongfu Spring (9633), WH Group (0288), Hengan International Group Co. Ltd (1044), and Tingyi (0322).

Key numbers explained

• The current price is 17.53 HKD, down 1.07% today.
• The trailing P/E ratio of 38.1 shows how much investors pay per unit of recent earnings; a higher figure can signal higher growth expectations or a richer valuation relative to current earnings.
• The forward P/E ratio of 10.4 uses expected future earnings and is often read as a more forward-looking valuation measure than the trailing P/E.
• The dividend yield of 3.41% indicates the annual dividend as a percentage of the current price; it is a common way to compare income returns across stocks.
• The ex-dividend date is Jun 9, 2026; buying before this date is typically required to receive the next dividend.
• The company pays out 107% of its earnings as dividends, meaning the payout ratio exceeds 100% of trailing earnings.
• The beta of 0.28 suggests the stock has historically been less volatile than the broader market.
• The 52-week range is 13.88 – 19.67 HKD, and the price has moved 18% over the past year.

What to watch

• Earnings reports and the nextEarningsDate of Aug 26, 2026 can drive short-term price moves.
• Revenue growth, reported at 7.8% year over year, is one way to track top-line momentum.
• Margins such as profitMargin (2.2%) and operatingMargin (7.6%) show how much of each revenue dollar turns into profit or operating income.
• The debt-to-equity ratio of 64.9% and priceToBook of 1.43 are standard measures of financial leverage and market valuation relative to book value.
• The returnOnEquity of 4.1% indicates how effectively the company generates profit from shareholders' equity.
• Broader factors such as consumer demand, input costs, and regulatory developments in the dairy sector can affect stocks like Mengniu Dairy.