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← CockpitCompetitor Analysis › 0220.HK Uni-President China Holdings Ltd.Open in the cockpit ↗

Uni-President China Holdings Ltd.0220.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Consumer Staples›Beverages: Non-Alcoholic

China subsidiary of Taiwan's Uni-President, making instant noodles, ready-to-drink tea and juice for Chinese consumers.

≈ China's version of a Frito-Lay/PepsiCo beverage-and-snack unitMomentum leader 89
Mkt cap
$4.56B
US dollars, full cap
Free float
27%
of shares outstanding
$/day
$8.02M
20-day average traded
Fwd P/E
14.0×
forward earnings
ROIC−WACC
+22.4 pp
WACC 6.5%
Hurdle
-14 pp
Req g minus delivered
Next earnings
124 days
10 Mar 2027
Close · HKDHK$8.27
1D-1.7%
1W+5.5%
1M+15.1%
3M+7.4%
6M+11.6%
YTD+1.7%
1Y-4.0%
ATR %2.6%
52w lowhigh8.1% off high

What Uni-President China does

China subsidiary of Taiwan's Uni-President, making instant noodles, ready-to-drink tea and juice for Chinese consumers.

Sells instant noodles and ready-to-drink tea in volume through distributors to supermarkets and convenience stores, so results move with ingredient and packaging costs and with price competition for shelf space. Taiwan's Uni-President Enterprises is the controlling shareholder, and nearly all sales are on the Chinese mainland.

In one line: China's version of a Frito-Lay/PepsiCo beverage-and-snack unit.

Products and services

  • Instant noodles
  • RTD tea (Uni-President tea drinks)
  • Juice drinks
  • Instant food/other beverages

Customers

  • Mass retail & convenience stores in China

Where it sits in the supply chain

  • Packaged food & beverage
  • Instant noodle & RTD tea manufacturing
  • Retail/convenience distribution

What could go right

  • Premiumization of instant noodles
  • RTD tea category growth

What could go wrong

  • Intense price competition from Tingyi
  • Raw material cost swings

Moat: narrow (brand, distribution, scale). Long-established brand and nationwide distribution, but competes with Tingyi/Master Kong on price and shelf space.

Headquarters: Shanghai, China · Founded: 1992 · Employees: 34,305

Named competitors

Uni-President China at a glance

Size Uni-President China (0220.HK) is a Hong Kong Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $4.56B, the 270th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$8.27 on 6 Nov 2026.

Performance Over six months the shares gained 11.6%, against +7.3% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 6th highest of 18 in its peer set.

Growth Revenue grew 3.6% over the last twelve months (peer median +9.6%); the operating margin is 7.6% (peer median 11.2%).

Valuation It trades at 14.0× forward earnings against a peer median of 17.2× (4th cheapest of 16).

Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 22.4 points above its cost of capital (6.5% WACC).

Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 1070220.HK 106
Six months, rebased to 100: Uni-President China against the median of its 17 peers (local-currency closes).

Uni-President China financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$35.8BHK$34.4BHK$32.9BHK$31.6BHK$32.9B
Revenue growth—+5%+4%-4%—
Gross profitHK$12.0BHK$10.9BHK$10.3BHK$9.27BHK$9.14B
EBITDAHK$3.90BHK$3.71BHK$3.37BHK$2.74BHK$2.76B
Net incomeHK$2.43BHK$2.22BHK$2.00BHK$1.84BHK$1.42B
Free cash flowHK$2.61BHK$2.42BHK$4.02BHK$2.34BHK$1.18B
Capital expenditureHK$1.14BHK$1.18BHK$756MHK$1.06BHK$518M
Total debtn/aHK$1.20BHK$309MHK$1.19BHK$976M

Quarterly statements and history in the cockpit →

Uni-President China competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%+20%2579AKO-BFIZZKOF600962PRMBCELH246025870322605499COKE0506FEVRVBL0019PRN0220.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Uni-President China is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%10×20×30×40×2579AKO-BFIZZKOFPRMBCELH246003220506FEVRVBLPRN0220.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Uni-President China is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%2579AKO-BFIZZKOFPRMBCELH2587605499COKE0506FEVRVBL0220.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Uni-President China is the large dot.

Uni-President China competitors and peer comparison

Head to head with its named competitors (0220.HK vs 0322.HK vs 0151.HK vs 9633.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Uni-President China 0220.HK$4.56B+12%+4%8%14.0×-8.3%
Tingyi 0322.HK$9.59B+17%+4%9%14.1×-12.9%
Want Want China 0151.HK$4.43B-32%+6%18%9.7×n/a
Nongfu Spring 9633.HK$64.9B-1%+27%38%24.0×-0.2%
China Resources Beverage (Holdings) 2460.HK$2.27B-14%-19%6%18.1×n/a

How Uni-President China compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Uni-President China against its 17 peers (data as of 6 Nov 2026)
Measure0220.HKPeer medianRank in peer set
1-month return+15.1%+9.1%5th highest of 18
6-month return+11.6%+7.3%6th highest of 18
Distance from 52-week high-8.1%-14.0%8th highest of 18
Revenue growth (TTM)+3.6%+9.6%6th lowest of 18
Operating margin7.6%11.2%4th lowest of 17
Forward P/E14.0×17.2×4th cheapest of 16
Growth the price implies (Req g, 7 yrs)-8.3%-1.3%4th least demanding of 16
Growth delivered (Del g)+6.1%+7.8%7th lowest of 16
Hurdle (Req g minus delivered)-14.4 pp-15.3 pp7th most demanding of 16
ROIC minus cost of capital+22.4 pp+5.4 pp5th highest of 17
EV / EBITDA7.3×10.2×7th cheapest of 16
Net debt / EBITDA-1.8×0.1×4th least indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Uni-President China 0220.HKHong Kong$4.56B+12%+4%8%14.0×-8.3%+6.1%
Coca-Cola Bottlers Japan 2579.TJapan$4.60B+31%-2%4%31.7×8.4%+2.4%
Embotelladora Andina S.A. Sponsored ADR Pfd AKO-BUnited States$4.26B+7%+10%13%14.6×-4.2%+10.4%
National Beverage FIZZUnited States$3.48B+6%-2%18%19.2×3.4%+1.9%
Coca-Cola FEMSA SAB de CV Sponsored ADR KOFUnited States$6.01B+8%+17%14%16.5×-20.1%+12.2%
SDIC Zhonglu Fruit Juice 600962.SSChina$2.62B-1%+100%n/an/an/an/a
Primo Brands PRMBUnited States$8.10B-4%+28%10%16.2×9.2%+27.8%
Celsius CELHUnited States$8.14B0%+83%19%22.7×7.6%+80.7%
China Resources Beverage (Holdings) 2460.HKHong Kong$2.27B-14%-19%6%18.1×n/an/a
Suntory Beverage & Food 2587.TJapan$9.58B+9%+7%9%17.2×-7.5%+7.8%
Tingyi 0322.HKHong Kong$9.59B+17%+4%9%14.1×-12.9%+2.4%
Eastroc Beverage (Group) 605499.SSChina$11.7B-27%+12%25%17.2×-3.2%+33.1%
Coca-Cola Consolidated COKEUnited States$13.8B+19%+11%13%n/a-1.3%+7.6%
China Foods 0506.HKHong Kong$1.43B+8%+4%8%10.1×-17.0%+4.3%
Fevertree Drinks FEVR.LUnited Kingdom$1.36B+18%+2%9%33.0×27.9%+5.2%
Varun Beverages VBL.NSIndia$15.7B-14%+22%17%42.8×37.2%+26.8%
Swire Pacific 0019.HKHong Kong$17.0B+23%+7%12%11.4×6.9%+2.9%
Princes PRN.LUnited Kingdom$1.21B-3%+30%4%12.6×-7.1%+9.3%

Questions

Who are Uni-President China's main competitors?
Named competitors: Tingyi (Master Kong) (0322.HK), Want Want China (0151.HK), Nongfu Spring (9633.HK), China Resources Beverage (2460.HK). The cockpit's measured peer set (industry) also includes Coca-Cola Bottlers Japan (2579.T), Embotelladora Andina S.A. Sponsored ADR Pfd (AKO-B), National Beverage (FIZZ), Coca-Cola FEMSA SAB de CV Sponsored ADR (KOF), SDIC Zhonglu Fruit Juice (600962.SS), Primo Brands (PRMB).
Is Uni-President China expensive compared with its peers?
On forward p/e it trades at 14.0× against a peer median of 17.2×, 4th cheapest of 16 in its peer set. For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Uni-President China stock performed?
Over six months to 6 Nov 2026 the shares returned +11.6% against +7.3% for the median peer; over one year -4.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.