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9992 HK​
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Pop Mart International Group Limited/ADR(9992 HK)

$130.70-1.300.98%(Market Closed · 08:08:23 UTC · (15 min delay))
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Pop Mart International Group Limited/ADR — Company Profile

Pop Mart International Group Limited, established in 2010 and headquartered in Beijing, China, specializes in the creation, development, and sale of collectible "pop toys" primarily within the Chinese market. Operating under its distinctive Pop Mart brand, the company's product line prominently features blind boxes and various collectible figures, alongside a range of accessories including pins, plush toys, and drinkware. The company caters to a diverse clientele, from individual enthusiasts and wholesale distributors to corporate customers making large-volume purchases. As of December 31, 2021, Pop Mart boasted an extensive sales and distribution network. This included 295 brick-and-mortar retail stores and 1,870 automated "roboshops" spread across first-tier, new first-tier, and other cities. Digital sales channels comprise flagship stores on Tmall and JD.com, its proprietary Pop Draw service, and other online platforms. Additionally, the company engages in wholesale operations both domestically and internationally. Beyond its core toy business, Pop Mart International Group Limited also offers internet technology and development services, manages entertainment playgrounds, undertakes investment activities, and organizes exhibition events.

Sector
Consumer Discretionary
Industry
Specialty Retail
Exchange
HK
CEO
Ning Wang
Headquarters
Beijing, NY, CN
IPO Date
Dec 11, 2020
Employees
12,056
Website
global.popmart.com

Key Metrics

Price
$149.90
Market Cap
$197.99B
Revenue (TTM)
$36.16B
Net Income (TTM)
$12.45B
EPS (TTM)
9.36
P/E (TTM)
0.00
P/B (TTM)
8.88
Dividend Yield
1.79%
ROE (TTM)
55.84%
ROA (TTM)
38.75%
Operating Margin
45.53%
Beta
0.14

Dividends

Last Dividend
$2.72
Last Yield
0.02%

Summary

Pop Mart International Group Limited, established in 2010 and headquartered in Beijing, China, specializes in the creation, development, and sale of collectible "pop toys" primarily within the Chinese market. Operating under its distinctive Pop Mart brand, the company's product line prominently features blind boxes and various collectible figures, alongside a range of accessories including pins, plush toys, and drinkware. The company caters to a diverse clientele, from individual enthusiasts and wholesale distributors to corporate customers making large-volume purchases. As of December 31, 2021, Pop Mart boasted an extensive sales and distribution network. This included 295 brick-and-mortar retail stores and 1,870 automated "roboshops" spread across first-tier, new first-tier, and other cities. Digital sales channels comprise flagship stores on Tmall and JD.com, its proprietary Pop Draw service, and other online platforms. Additionally, the company engages in wholesale operations both domestically and internationally. Beyond its core toy business, Pop Mart International Group Limited also offers internet technology and development services, manages entertainment playgrounds, undertakes investment activities, and organizes exhibition events.

Website
global.popmart.com
Location
Beijing, NY, CN
Phone+86 10 5876 0599
Employees12,056
CEONing Wang
Sector
Consumer Discretionary
Industry
Specialty Retail
IPO DateDec 11, 2020

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Latest Documents

SEC Filings(3)

Expand
  • F-6EFEffective registration statement (depository shares)22 Jul 2025
  • F-6EFEffective registration statement (depository shares)9 Jul 2025
  • F-6EFEffective registration statement (depository shares)22 Jan 2021

Mentions in Filings

  • #Poly Property Group Co., Ltd. 1,642,646 494,285 \*Pony Testing International Group Co., Ltd., Class A 26,731 44,146 Ω#Pop Mart International Group, Ltd. 221,200 6,333,191 \*Porton Pharma Solutions, Ltd., Class A 16,500 58,012 ΩPostal Savings Bank of China Co., Ltd., Class H 1,526,000 996,530 Pou Sheng International Holdings, Ltd., Class A 1,798,000 107,055 Power Construction Corp. of China, …
    Dimensional ETF TrustPop Mart International Group Limited/ADR·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
  • … 9.84 | 12,317,768 | 1.12 | | 26 | Cayman | stock | WUXI BIOLOGICS CAYMAN INC | Pharmaceuticals, Biotechnology, Life Sciences | 14,000 | 775.25 | 10,853,505 | 774.52 | 10,843,308 | 0.99 | | 27 | Cayman | stock | <strong>POP MART INTERNATIONAL GROUP</strong> | Distribution and retail of general consumer goods and services | 3,200 | 4,429.93 | 14,175,802 | 3,343.96 | 10,700,698 | 0.97 | | 28 | Hong Kong | stock | HONG KONG & CHINA GAS | Public utilities | 70,000 | 1 …
    SBI岡三アセットマネジメント株式会社Pop Mart International Group Limited/ADR·Prospectus - Securities registration statement·27 Oct·26 Oct
  • … 9.84 | 12,317,768 | 1.12 | | 26 | Cayman | stock | WUXI BIOLOGICS CAYMAN INC | Pharmaceuticals, Biotechnology, Life Sciences | 14,000 | 775.25 | 10,853,505 | 774.52 | 10,843,308 | 0.99 | | 27 | Cayman | stock | <strong>POP MART INTERNATIONAL GROUP</strong> | Distribution and retail of general consumer goods and services | 3,200 | 4,429.93 | 14,175,802 | 3,343.96 | 10,700,698 | 0.97 | | 28 | Hong Kong | stock | HONG KONG & CHINA GAS | Public utilities | 70,000 | 1 …
    SBI岡三アセットマネジメント株式会社Pop Mart International Group Limited/ADR·Prospectus - Securities registration statement·27 Oct·26 Oct
  • … 9.84 | 12,317,768 | 1.12 | | 26 | Cayman | stock | WUXI BIOLOGICS CAYMAN INC | Pharmaceuticals, Biotechnology, Life Sciences | 14,000 | 775.25 | 10,853,505 | 774.52 | 10,843,308 | 0.99 | | 27 | Cayman | stock | <strong>POP MART INTERNATIONAL GROUP</strong> | Distribution and retail of general consumer goods and services | 3,200 | 4,429.93 | 14,175,802 | 3,343.96 | 10,700,698 | 0.97 | | 28 | Hong Kong | stock | HONG KONG & CHINA GAS | Public utilities | 70,000 | 1 …
    SBI岡三アセットマネジメント株式会社Pop Mart International Group Limited/ADR·Annual Report - Annual Securities Report (2026.01.29-2026.07.28)·27 Oct·26 Oct
  • … 1,053,400.00 | | | | CHOW TAI FOOK JEWELLERY GROU | 61,200 | 12.22 | 747,864.00 | | | | JD.COM INC - CL A | 88,360 | 118.10 | 10,435,316.00 | | | | MINISO GROUP HOLDING LTD | 17,692 | 23.96 | 423,900.32 | | | | <strong>POP MART INTERNATIONAL GROUP</strong> | 19,400 | 160.90 | 3,121,460.00 | | | | ALIBABA HEALTH INFORMATION T | 200,000 | 3.34 | 668,000.00 | | | | JD HEALTH INTERNATIONAL INC | 39,150 | 37.00 | 1,448,550.00 | | | | CHINA FEIHE LTD | 129,000 | 3.17 | …
    りそなアセットマネジメント株式会社Pop Mart International Group Limited/ADR·Prospectus - Securities registration statement·27 Oct·26 Oct
  • … CEUTICALS CO LTD | 15,800 | 56.650 | 895,070,000 | | | | JD HEALTH INTERNATIONAL INC | 25,000 | 37,000 | 925,000.000 | | | | CHINA RESOURCES MIXC LIFESTYLE SERVICES LTD | 39,200 | 38.500 | 1,509,200.000 | | | | <strong>POP MART INTERNATIONAL GROUP</strong> LTD | 3,400 | 160.900 | 547,060,000 | | | | TRIP.COM GROUP LTD | 6,350 | 342.600 | 2,175,510.000 | | | | JINGDONG INDUSTRIALS INC | 65,200 | 13.340 | 869,768.000 | | | | WUXI BIOLOGICS CAYMAN INC | 41,500 | 39. …
    アセットマネジメントOne株式会社Pop Mart International Group Limited/ADR·Prospectus - Securities registration statement·27 Oct·26 Oct

Key Stats

Trading

Px/Chg 1D$149.90 / +0.47%
Avg Volume20.96M
Beta0.14
Mkt Cap197.99B
FD Mkt Cap206.18B

Float

Shrs Out/Float1.32B / 660.53M
Short Float0.00%
Days to Cover0.00
Stock Repurchased$0.00

Current Valuation

EV187.44B
EV/EBITDA0.00
EV/Sales0.00
P/B8.88
P/S0.00
FCF Yield2.20%
ROE55.84%
ROA38.75%
Current Ratio3.48

Dividend

Cash$2.72
Yield1.79%
Yield (TTM)1.79%

Estimates

P/E0.00
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings58.2660.1649.8947.29109.4224.55
Price / Sales11.9211.455.148.1226.238.66
Price / Book Value11.697.543.416.5932.018.88
Price / Free Cash Flow62.07115.5642.1131.8375.3745.46
ENTERPRISE VALUE METRICS
Enterprise Value128,986.646,756.323,790.749,905.2337,038.9187,441.9
Enterprise Value / Sales11.5110.415.157.9225.858.20
Enterprise Value / EBITDA32.3828.7318.5423.5874.7816.28
Enterprise Value / EBIT41.2639.2135.0834.4680.3617.17

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue68.5%4,490.74,617.36,301.013,037.736,159.3
Gross Income75.3%2,758.62,654.53,864.18,707.826,072.2
EBITDA81.2%1,627.41,282.92,116.74,507.317,552.2
EBIT92.8%1,192.4678.11,448.14,194.416,463.2
Net Income95.4%854.3475.71,082.33,125.512,445.0
EPS (Diluted)97%0.620.350.812.359.33
BALANCE SHEET
Cash & ST Inv34.4%5,285.35,054.45,971.79,631.617,244.8
Total Assets40.2%8,323.68,580.19,968.914,870.732,115.1
Total Liabilities58.3%1,503.61,614.72,188.53,986.09,453.0
Total Shareholder Equity34.5%6,818.26,963.37,769.910,683.522,287.3
CASH FLOW
Net Operating Cash Flow93.4%773.0918.62,000.85,063.210,811.2
Cap Ex36.6%-328.2-355.0-392.7-526.1-1,141.2
Free Cash Flow115.9%444.8563.61,608.04,537.19,670.0

Enterprise Value Bridge

Millions CNY26 Oct '26
Price (As of 26 Oct '26)132.90
Basic Shares1,320.80
Market Cap175,534.4
Diluted Shares1,333.15
Fully Diluted Shares Outstanding1,333.15
Fully Diluted Market Cap177,175.0
+Consolidated Debt2,862.8
−In-the-Money Convertible Debt—
+Capital Leases2,276.3
+Operating Leases—
−Cash & Equivalents-13,783.6
−Short-term Investments-3,461.1
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest374.8
+Pension Liabilities—
Enterprise Value164,988.3

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