Nongfu is ~25x 2026 P/E with ~13% 2027 EPS growth
PopMart is ~15x 2026 P/E with 27% 2027 EPS growth
Nongfu enjoys almost 4 times PEG vs. PopMart.
PopMart sounds like fashion – however, I see no real competitor in its space.
Nongfu sounds like a staple that can only grow – however, I see more competition here than what investors may assume.