Nongfu Spring Co., Ltd. (NNFSF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Nongfu Spring Co., Ltd. (NNFSF) trades at $5.27 with AI Score 49/100 (Grade C). Nongfu Spring Co. , Ltd. is a leading beverage producer in Mainland China, specializing in packaged drinking water and a variety of other beverages. Market cap: $59.27B, Sector: Consumer defensive.
Price live · AI analysis from Mar 18, 2026Analyst Coverage for NNFSF: NNFSF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NNFSF against Consumer Defensive peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NNFSF: the 1 perspectives are evenly split.
How is this calculated? →Nongfu Spring Co., Ltd. (NNFSF) Consumer Business Overview
Nongfu Spring Co., Ltd., a prominent player in China's beverage industry, focuses on packaged drinking water, ready-to-drink teas, and functional beverages. With a robust distribution network and a high brand recognition, the company maintains a strong market presence, underscored by a solid profit margin of 29.1% and a dividend yield of 1.92%.
What Is the Investment Thesis for NNFSF?
Nongfu Spring Co., Ltd. presents a compelling investment case based on its strong market position in the Chinese beverage industry and consistent profitability. With a P/E ratio of 26.1 and a healthy profit margin of 29.1%, the company demonstrates financial stability. Key growth catalysts include expanding its product lines and penetrating deeper into existing markets. The company's beta of 0.32 suggests lower volatility compared to the broader market. A dividend yield of 1.92% offers a steady income stream for investors. However, potential risks include increasing competition in the beverage sector and regulatory changes in China. The company's ability to maintain its competitive edge and adapt to evolving consumer preferences will be crucial for sustained growth.
Based on FMP financials and quantitative analysis
NNFSF Key Highlights
- Market capitalization of $59.27B reflects Nongfu Spring's significant presence in the beverage industry.
- Profit margin of 29.1% demonstrates strong operational efficiency and pricing power.
- Gross margin of 59.0% indicates effective cost management in production and distribution.
- Dividend yield of 1.92% provides a consistent return for shareholders.
- Beta of 0.32 suggests lower volatility compared to the broader market, making it a relatively stable investment.
Who Are NNFSF's Competitors?
NNFSF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| DANOY Danone S.A. | $16.65 | -1.89% | $53.46B | 44 |
| DGEAF Diageo plc | $20.57 | -0.65% | $45.75B | 46 |
| GPDNF Danone S.A. | $82.72 | -2.46% | $53.11B | 44 |
| HEINY Heineken N.V. | $43.10 | -1.68% | $47.92B | 44 |
| HINKF Heineken N.V. | $87.38 | -1.43% | $48.57B | 42 |
| CHA Chagee Holdings Limited American Depositary Shares | $11.19 | +1.59% | $2.13B | 66 |
| PRMB Primo Brands Corporation | $24.89 | -0.52% | $9.03B | 59 |
| HAATF Haad Thip Public Company Limited | $0.48 | +0.00% | $194.45M | 57 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NNFSF's Key Strengths?
- Strong brand recognition in China
- Extensive distribution network
- Diversified product portfolio
- High profit margins
What Are NNFSF's Weaknesses?
- Heavy reliance on the Chinese market
- Limited international presence
- Vulnerability to changing consumer preferences
- Potential supply chain disruptions
What Could Drive NNFSF Stock Higher?
- Potential expansion into new international markets by 2027 could drive revenue growth.
- Continued product innovation and diversification to meet evolving consumer preferences.
- Strong brand recognition and distribution network in China provide a competitive advantage.
- Potential strategic acquisitions of smaller beverage companies by 2027 could expand market share.
- Increasing demand for healthier beverage options in China.
What Are the Key Risks for NNFSF?
- Increasing competition from domestic and international beverage companies.
- Regulatory changes in China could impact the company's operations.
- Fluctuations in raw material prices could affect profit margins.
- Economic slowdown in China could reduce consumer spending on beverages.
- Limited international presence exposes the company to risks associated with the Chinese market.
What Are the Growth Opportunities for NNFSF?
- Expansion of Product Lines: Nongfu Spring can further diversify its product portfolio by introducing new beverage categories and flavors. The functional beverage market, which includes energy drinks and health-focused beverages, presents a significant growth opportunity. By leveraging its existing brand recognition and distribution network, Nongfu Spring can capture a larger share of this growing market segment. The market size for functional beverages in China is projected to reach $20 billion by 2028.
- Geographic Expansion: While Nongfu Spring has a strong presence in Mainland China, there is potential to expand into other Asian markets and beyond. Southeast Asia, with its growing population and increasing disposable incomes, represents a promising market for the company's products. Strategic partnerships and targeted marketing campaigns can facilitate successful market entry and brand building in these new regions. This expansion could begin as early as 2027.
- E-commerce and Online Sales: Strengthening its online presence and e-commerce capabilities can enable Nongfu Spring to reach a wider customer base and enhance its brand visibility. Investing in online marketing, social media engagement, and partnerships with e-commerce platforms can drive online sales growth. The e-commerce market in China is one of the largest in the world, providing a significant opportunity for Nongfu Spring to expand its reach and revenue streams. This is an ongoing effort.
- Premiumization of Products: As consumer preferences shift towards premium and healthier beverage options, Nongfu Spring can focus on developing and marketing high-end products with natural and organic ingredients. This strategy can command higher prices and improve profit margins. The premium beverage market in China is growing rapidly, driven by increasing disposable incomes and a greater emphasis on health and wellness. This trend is expected to continue through 2030.
- Strategic Acquisitions: Nongfu Spring can pursue strategic acquisitions of smaller beverage companies or brands to expand its product portfolio and market reach. This can provide access to new technologies, distribution networks, and customer segments. Careful due diligence and integration planning are essential for successful acquisitions. The beverage industry is consolidating, and strategic acquisitions can help Nongfu Spring maintain its competitive edge. Potential acquisitions could be explored starting in 2027.
What Opportunities Does NNFSF Have?
- Expansion into new beverage categories
- Geographic expansion into other Asian markets
- Strengthening online presence and e-commerce capabilities
- Premiumization of products
What Threats Does NNFSF Face?
- Increasing competition from domestic and international players
- Regulatory changes in China
- Fluctuations in raw material prices
- Economic slowdown in China
What Are NNFSF's Competitive Advantages?
- Strong brand recognition and reputation in China.
- Extensive distribution network across Mainland China.
- High-quality products and focus on natural ingredients.
- Diversified product portfolio catering to various consumer preferences.
What Does NNFSF Do?
Founded in 1996 and headquartered in Hangzhou, China, Nongfu Spring Co., Ltd. has grown to become a dominant force in the Chinese beverage market. The company's core business revolves around the production and distribution of packaged drinking water, which forms the cornerstone of its product portfolio. Over the years, Nongfu Spring has strategically diversified its offerings to include ready-to-drink tea products, functional drinks, juice beverages, and other beverage products like soda water, sparkling flavored beverages, coffee beverages, and plant-based yogurt products. The company also ventures into agricultural products, offering fresh fruits. Nongfu Spring operates through five key segments: Water Products, Ready-To-Drink Tea Products, Functional Drinks Products, Juice Beverage Products, and Other Products. Its commitment to quality and brand building has enabled it to capture a significant market share, primarily within Mainland China. As a subsidiary of Yangshengtang Co., Ltd., Nongfu Spring leverages its parent company's resources and expertise to further strengthen its market position and expand its product offerings.
What Products and Services Does NNFSF Offer?
- Produces and markets packaged drinking water.
- Offers a variety of ready-to-drink tea products.
- Manufactures and distributes functional drink products.
- Provides a range of fruit juice products.
- Sells other beverage products like soda water and sparkling flavored beverages.
- Offers coffee beverages and plant-based yogurt products.
- Engages in the sale of agricultural products, including fresh fruits.
- Provides supply chain management services.
How Does NNFSF Make Money?
- Production and sale of packaged drinking water and beverages.
- Distribution through a wide network of retailers and distributors.
- Brand building and marketing to create customer loyalty.
- Diversification of product offerings to cater to different consumer preferences.
What Industry Does NNFSF Operate In?
Nongfu Spring operates in the competitive non-alcoholic beverage industry in China, which is characterized by increasing demand for healthier beverage options and a growing middle class. The market is dominated by both domestic and international players, including competitors like DANOY (Danone), DGEAF (Diageo), and HEINY (Heineken). The industry is witnessing a shift towards premium products and innovative flavors. Nongfu Spring's focus on natural and high-quality ingredients positions it well to capitalize on these trends. The company's strong distribution network and brand reputation provide a competitive advantage in this dynamic market.
Who Are NNFSF's Key Customers?
- General consumers in Mainland China.
- Retail outlets, including supermarkets, convenience stores, and online retailers.
- Restaurants and foodservice providers.
- Corporate clients and institutional buyers.
Nongfu Spring Co., Ltd. (NNFSF) Valuation Context
Valued at $59.27B, NNFSF is classified as a large-cap stock. Relative to its peer group, NNFSF's quantitative score of 49/100 is roughly in line with the peer average of 44/100.
NNFSF Revenue & Earnings Trend
In Q4 2025, NNFSF generated $26.48B in top-line revenue, marking a sequential increase of 3.4%. The company recorded net income of $8.11B, with diluted EPS of $0.72. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Consumer Defensive company. Across the four most recent quarters, NNFSF averaged $0.48 in diluted EPS.
Company Profile
Nongfu Spring Co., Ltd. operates in the Beverages - Non-Alcoholic industry within the Consumer Defensive sector. It is headquartered in Hangzhou, CN. The company is led by CEO Shanshan Zhong. NNFSF has traded publicly since 2021.
ROE 45%Key Financial Metrics
Return on equity for Nongfu Spring Co., Ltd. stands at 44.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 24.3%, showing how much profit it generates from its asset base. NNFSF trades at a trailing price-to-earnings ratio of 26.11, below the Consumer Defensive sector average of ~29x. Its free cash flow yield is 3.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.07 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 3.9%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 6/9Financial Health
Nongfu Spring Co., Ltd.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 12.34 places it in the safe zone, indicating low near-term bankruptcy risk.
5/8 beatsEarnings Track Record
Nongfu Spring Co., Ltd. has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 8.0% below estimates on average.
FY2026 estForward Outlook
Wall Street analysts project Nongfu Spring Co., Ltd. revenue of about $62.01B for fiscal 2026, with EPS near $1.64. The estimate reflects 26 contributing analysts.
NNFSF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong brand recognition in China
- Extensive distribution network
- Diversified product portfolio
- High profit margins
Bear Case
- Heavy reliance on the Chinese market
- Limited international presence
- Vulnerability to changing consumer preferences
- Potential supply chain disruptions
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q4 2025 | $26.48B | $8.11B | $0.72 |
| Q2 2025 | $25.62B | $7.62B | $0.68 |
| Q4 2024 | $10.36B | $2.94B | $0.26 |
| Q2 2024 | $11.09B | $3.12B | $0.28 |
Based on FMP financials and quantitative analysis
NNFSF Latest News
No recent news available for NNFSF.
NNFSF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NNFSF.
Price Targets
Wall Street price target analysis for NNFSF.
NNFSF MoonshotScore
What does this score mean?
The MoonshotScore rates NNFSF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Shanshan Zhong
Chairman and Founder
Shanshan Zhong is the founder and chairman of Nongfu Spring Co., Ltd. He is a self-made billionaire and one of the wealthiest individuals in China. Prior to founding Nongfu Spring, Zhong had a diverse career, including stints as a construction worker, a journalist, and a beverage sales agent. His entrepreneurial spirit and deep understanding of the Chinese market have been instrumental in Nongfu Spring's success.
Track Record: Under Zhong's leadership, Nongfu Spring has grown from a small bottled water company to a leading beverage producer in China. He has overseen the company's expansion into new product categories, its successful IPO in Hong Kong, and its continued dominance in the Chinese beverage market. His strategic vision and focus on quality have been key drivers of Nongfu Spring's growth and profitability.
NNFSF OTC Market Information
OTC Other, also known as the Pink Market, represents the lowest tier of the OTC market. Companies in this tier may not meet minimum financial standards and may have limited or no reporting requirements. This contrasts with exchanges like the NYSE or NASDAQ, which have stringent listing requirements, including minimum share prices, market capitalization, and regular financial reporting. Investing in OTC Other stocks carries significantly higher risk due to the lack of regulatory oversight and transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Potential for price manipulation due to low trading volume.
- Higher risk of fraud or mismanagement.
- Lower liquidity and wider bid-ask spreads.
- Lack of regulatory oversight and investor protection.
- Verify the company's registration and legal status.
- Review any available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Research the background and reputation of the company's management team.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor before investing.
- Check for any regulatory actions or legal proceedings against the company.
- Established brand presence in the Chinese beverage market.
- Significant market capitalization.
- Consistent profitability and positive cash flow.
- Presence of a well-known CEO and management team.
- Publicly available information, even if limited.
What Investors Ask About Nongfu Spring Co., Ltd. (NNFSF) — Consumer Defensive
What does Nongfu Spring Co., Ltd. do?
Nongfu Spring Co., Ltd. is a leading beverage company in China, primarily focused on producing and distributing packaged drinking water. The company also offers a diverse range of other beverages, including ready-to-drink teas, functional drinks, and juice beverages. Nongfu Spring's success is attributed to its strong brand reputation, extensive distribution network, and commitment to quality. The company aims to meet the diverse beverage needs of Chinese consumers while maintaining a focus on natural and healthy ingredients.
What do analysts say about NNFSF stock?
Analyst coverage of NNFSF stock is limited due to its OTC listing. However, the company's strong market position in China, consistent profitability, and growth potential are generally viewed favorably. Key valuation metrics include the P/E ratio of 26.1 and the dividend yield of 1.92%. Analysts are closely monitoring the company's ability to maintain its competitive edge and expand into new markets. Investors should conduct their own due diligence and consider the risks associated with investing in OTC stocks.
What are the main risks for NNFSF?
Nongfu Spring faces several risks, including increasing competition in the Chinese beverage market, regulatory changes in China, and fluctuations in raw material prices. The company's reliance on the Chinese market also exposes it to economic and political risks specific to that region. Additionally, the OTC listing carries inherent risks related to limited financial disclosure, lower liquidity, and potential for price manipulation. Investors should carefully consider these risks before investing in NNFSF.
What are the key factors to evaluate for NNFSF?
Nongfu Spring Co., Ltd. (NNFSF) holds an AI score of 49/100 (low). P/E: 26.1x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does NNFSF data refresh on this page?
NNFSF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven NNFSF's recent stock price performance?
Nongfu Spring Co., Ltd. (NNFSF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong brand recognition in China. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NNFSF overvalued or undervalued right now?
Nongfu Spring Co., Ltd. (NNFSF) trades at 26.1x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying NNFSF?
Before investing in Nongfu Spring Co., Ltd. (NNFSF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on available data and may be subject to change.
- OTC market data may be less reliable than exchange-listed data.