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Sichuan-based producer of pork and poultry (broiler chicken), one of China's larger meat-protein farmers.
Sichuan-based producer of pork and poultry (broiler chicken), one of China's larger meat-protein farmers.
Relies in part on partner farmers who raise birds and pigs to its standards using its feed and breeding stock, then sells live animals and fresh meat to processors, so income follows chicken and hog prices more than anything it controls.
Moat: none (scale). Commodity livestock farming with scale but limited pricing power over pork/poultry cycles.
Headquarters: Chengdu, Sichuan, China · Employees: 11,363
Size Dekon Food And Agriculture (2419.HK) is a Hong Kong Consumer Staples company (Agricultural Commodities/Milling) with a market value of $1.16B, the 564th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$57.35 on 6 Nov 2026.
Performance Over six months the shares fell 15.8%, against -11.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 10.0% over the last twelve months (peer median +1.4%); the operating margin is -5.6% (peer median 3.8%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.4× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -27 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 16.2 points below its cost of capital (6.7% WACC).
Next results Next results expected around 29 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$24.1B | HK$25.1B | HK$24.4B | HK$17.9B | HK$17.5B |
| Revenue growth | — | +3% | +36% | +2% | — |
| Gross profit | HK$1.24B | HK$3.28B | HK$5.42B | HK$130M | HK$2.24B |
| EBITDA | n/a | HK$3.00B | HK$5.28B | -HK$495M | HK$1.91B |
| Net income | -HK$1.17B | HK$1.55B | HK$3.43B | -HK$1.96B | HK$1.15B |
| Free cash flow | n/a | HK$1.08B | HK$4.63B | -HK$552M | HK$782M |
| Capital expenditure | n/a | HK$1.90B | HK$1.01B | HK$1.45B | HK$1.43B |
| Total debt | n/a | HK$7.06B | HK$7.43B | HK$9.62B | HK$10.2B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Dekon Food And Agriculture 2419.HK | $1.16B | -16% | -10% | -6% | 0.5× | -5.0% |
| New Hope Liuhe 000876.SZ | $4.71B | -19% | +7% | -3% | 0.9× | n/a |
| Wh Group 0288.HK | $10.8B | -31% | +6% | 9% | 0.5× | -16.4% |
| Muyuan Foods 002714.SZ | $33.9B | -1% | -19% | -4% | 2.2× | n/a |
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.
| Measure | 2419.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -3.1% | 5th highest of 21 |
| 6-month return | -15.8% | -11.8% | 9th lowest of 21 |
| Distance from 52-week high | -34.1% | -24.6% | 8th lowest of 21 |
| Revenue growth (TTM) | -10.0% | +1.4% | 3rd lowest of 21 |
| Operating margin | -5.6% | 3.8% | 4th lowest of 21 |
| EV / Sales | 0.5× | 1.4× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -5.0% | 8.0% | 2nd least demanding of 10 |
| Growth delivered (Del g) | +22.4% | +8.8% | highest of 10 |
| Hurdle (Req g minus delivered) | -27.3 pp | +4.8 pp | least demanding of 10 |
| ROIC minus cost of capital | -16.2 pp | -2.7 pp | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dekon Food And Agriculture 2419.HK | Hong Kong | $1.16B | -16% | -10% | -6% | 0.5× | -5.0% | +22.4% |
| Shandong Denghai Seeds 002041.SZ | China | $1.19B | -12% | -1% | 3% | 4.2× | 23.5% | +4.2% |
| Leshan Giantstar Farming & Husbandry 603477.SS | China | $1.19B | -19% | -2% | -15% | 1.6× | n/a | n/a |
| M.P. Evans MPE.L | United Kingdom | $1.20B | -5% | +1% | 39% | 2.8× | -9.7% | +15.6% |
| Fujian Aonong Biological Technology Group Incorporation 603363.SS | China | $1.09B | -21% | +12% | -8% | 1.1× | n/a | n/a |
| Godrej Agrovet GODREJAGRO.NS | India | $1.23B | +3% | +9% | 6% | 1.1× | 15.1% | +10.3% |
| Xinjiang Guannong 600251.SS | China | $1.09B | -27% | -32% | -4% | 3.2× | n/a | n/a |
| Great Wall Enterprise 1210.TW | Taiwan | $1.28B | -4% | +2% | 4% | 0.7× | n/a | n/a |
| Del Monte DMC | United States | $1.29B | -27% | +1% | 4% | 0.4× | n/a | n/a |
| Adecoagro AGRO | United States | $1.30B | -31% | +7% | 2% | 2.2× | 37.5% | +12.1% |
| Avanti Feeds AVANTIFEED.NS | India | $1.02B | -51% | +11% | 9% | 1.5× | 17.1% | +8.0% |
| Mission Produce AVO | United States | $1.02B | -11% | -6% | 4% | 1.1× | n/a | n/a |
| Juewei Food 603517.SS | China | $1.01B | -13% | -8% | 3% | 1.3× | n/a | n/a |
| KRBL KRBL.NS | India | $990M | +8% | 0% | 16% | 1.0× | 4.2% | +8.8% |
| Beijing Shunxin Agriculture 000860.SZ | China | $1.36B | -4% | -20% | -5% | 1.3× | n/a | n/a |
| China Modern Dairy 1117.HK | Hong Kong | $1.37B | +3% | +5% | -15% | 2.1× | n/a | n/a |
| Gansu Yasheng Industrial (Group) 600108.SS | China | $961M | -24% | -1% | 2% | 2.5× | n/a | n/a |
| Elders ELD.AX | Australia | $955M | -12% | +11% | 4% | 0.6× | 5.6% | +8.9% |
| Hainan Shennong Seed Industry Technology 300189.SZ | China | $946M | -11% | +17% | 4% | 29.2× | n/a | n/a |
| Charoen Pokphand Enterprise (Taiwan) 1215.TW | Taiwan | $927M | -26% | +4% | 10% | 1.6× | -1.2% | +5.1% |
| Kernel KER.WA | Poland | $1.47B | 0% | -1% | 5% | 0.5× | 8.0% | -5.4% |