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Maker of Dongpeng Special Drink, China's leading domestic energy drink, challenging Red Bull's market position.
Maker of Dongpeng Special Drink, China's leading domestic energy drink, challenging Red Bull's market position.
Same company as the Shanghai-listed A shares. Dongpeng Special Drink carries the business and reaches shoppers through distributors who supply shops, with a deep presence in smaller cities and among drivers and manual workers. Based in Shenzhen.
In one line: A Chinese Red Bull/Monster Beverage challenger.
Moat: narrow (brand, distribution). Strong brand recognition and dense retail/convenience-store distribution built through years of low-tier-city expansion.
Headquarters: Shenzhen, China · Founded: 1987 · Employees: 12,376
Size Eastroc Beverage (Group) (9980.HK) is a Hong Kong Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $11.7B, the 147th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$103.90 on 6 Nov 2026.
Performance Over six months the shares fell 39.8%, against +7.7% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — lowest of 15 in its peer set.
Growth Revenue grew 18.4% over the last twelve months (peer median +10.2%); the operating margin is 25.6% (peer median 11.8%).
Valuation It trades at 13.2× forward earnings against a peer median of 17.2× (2nd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +32%, so the hurdle is -29 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 98.8 points above its cost of capital (11.2% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$25.8B | HK$22.5B | HK$17.1B | HK$12.3B | HK$9.81B |
| Revenue growth | — | +32% | +38% | +26% | — |
| Gross profit | HK$12.5B | HK$9.88B | HK$7.50B | HK$5.20B | HK$4.06B |
| EBITDA | n/a | HK$6.08B | HK$4.48B | HK$2.90B | HK$2.32B |
| Net income | HK$5.48B | HK$4.79B | HK$3.61B | HK$2.25B | HK$1.68B |
| Free cash flow | HK$5.77B | HK$4.51B | HK$4.66B | HK$2.84B | HK$1.51B |
| Capital expenditure | HK$2.29B | HK$2.46B | HK$1.83B | HK$1.01B | HK$922M |
| Total debt | HK$7.81B | HK$7.86B | HK$7.09B | HK$3.72B | HK$3.74B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Eastroc Beverage (Group) 9980.HK | $11.7B | -40% | +18% | 26% | 13.2× | 3.2% |
| Monster Beverage MNST | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% |
| Tingyi 0322.HK | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% |
| Nongfu Spring 9633.HK | $64.9B | -1% | +27% | 38% | 24.0× | -0.2% |
| Uni-President China 0220.HK | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% |
| PepsiCo PEP | $193B | -8% | +6% | 16% | 16.6× | -5.5% |
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 | 9980.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.3% | +10.0% | 7th highest of 15 |
| 6-month return | -39.8% | +7.7% | lowest of 15 |
| Distance from 52-week high | -54.4% | -8.2% | lowest of 15 |
| Revenue growth (TTM) | +18.4% | +10.2% | 4th highest of 15 |
| Operating margin | 25.6% | 11.8% | highest of 15 |
| Forward P/E | 13.2× | 17.2× | 2nd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 3.2% | 1.1% | 8th least demanding of 15 |
| Growth delivered (Del g) | +32.2% | +9.1% | 2nd highest of 15 |
| Hurdle (Req g minus delivered) | -28.9 pp | -14.5 pp | 3rd least demanding of 15 |
| ROIC minus cost of capital | +98.8 pp | +7.8 pp | highest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Eastroc Beverage (Group) 9980.HK | Hong Kong | $11.7B | -40% | +18% | 26% | 13.2× | 3.2% | +32.2% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Coca-Cola HBC CCH.L | United Kingdom | $20.5B | -2% | +13% | 11% | 17.2× | 4.9% | +12.8% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| Fomento Economico Mexicano SAB de CV Sponsored ADR FMX | United States | $26.1B | +7% | +18% | 9% | 24.2× | -6.9% | +13.8% |
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |