Lao Feng Xiang Co Ltd B (900905) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Lao Feng Xiang Co Ltd B stock $7.32, price $2.44, upside +200.0%, quality 71 out of 100. Rating: strongly undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range $2.31 – $4.11 · fair‑value band $5.42 – $9.21 · the $2.44 price screens below the $7.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally.
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The company researches, designs, produces, and sells gold, silver, platinum, diamonds, white jade, jadeite, pearls, gold inlays, colored gemstones, enamel, K gold jewelry glass, corals, watches, amber, brooches, arts and crafts souvenirs.
The company was formerly known as China First Pencil Co., Ltd. and changed its name to Lao Feng Xiang Co., Ltd. in July 2009. Lao Feng Xiang Co., Ltd. was founded in 1848 and is based in Shanghai, the People's Republic of China.
Stock analysis
Lao Feng Xiang Co Ltd B (900905) currently trades at $2.44, while our model-based Fair Value estimate is $7.32, implying the stock looks roughly 67% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $16.52 per share, and 24 of the 25 models we run sit above the $2.44 price.
Bear case: the Dividend Discount group reads lowest at $3.33, and 1 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: $5.42 (bear) to $9.21 (bull), the price of $2.44 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
Lao Feng Xiang Co Ltd B reported revenue of 52.8B CNY in FY2025 versus 58.7B CNY in FY2021, a compound −2.6%/yr. Reported net income was 1.8B CNY in FY2025, compounding −1.7%/yr from FY2021.
Key figures
Market cap $1.3B Small · P/E ratio 7.1 · P/S ratio 0.24 · EPS (TTM) $0.3400 · Net margin 3.3% · Return on equity 10.8% · Return on assets (EBIT) 15.4% (5-year average) · Operating margin 5.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 28% fair-value upside, at 200%, 900905 screens cheaper than that median.
Fair Value models
Bear$5.42Fair Value $7.32Bull$9.21
Price $2.44 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.2925 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.0%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 6%
Compare Lao Feng Xiang Co Ltd B with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 122 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+200.0% · Top 25%
Profitability
Return on equity (12 months)10.8% · Below median
Return on assets8.5% · Above median
Net margin (12 months)3.2% · Below median
Operating margin (12 months)5.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)−60.6% · Bottom 25%
Dividend yield (12 months)62.9% · Top 25%
Balance sheet
Debt / equity0.02× · Above median
Valuation Multiplesvs Luxury Goods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lao Feng Xiang Co Ltd B Fair Value". https://www.fairvalue-calculator.com/stock/900905
Frequently asked questions
Is Lao Feng Xiang Co Ltd B (900905) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of $7.32 versus a price of $2.44, about +200% upside (undervalued).
What is the fair value of 900905?
Our model-based fair value for Lao Feng Xiang Co Ltd B is $7.32 (as of Nov 9, 2026), built from audited fundamentals. The current price: $2.44.
What is the quality score of 900905?
Lao Feng Xiang Co Ltd B has a Quality Score of 71/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lao Feng Xiang Co Ltd B (900905)?
Our model-based price target is the fair value of $7.32 (as of Nov 9, 2026) from 25 valuation models. Cautious scenario $5.42, optimistic scenario $9.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Lao Feng Xiang Co Ltd B stock forecast for 2026?
Our models put fair value at $7.32, about +200% upside versus a price of $2.44 (undervalued). Cautious scenario $5.42, optimistic scenario $9.21. The calculation is refreshed regularly with new filings.
What is the revenue of Lao Feng Xiang Co Ltd B (900905)?
Lao Feng Xiang Co Ltd B reported trailing-twelve-month revenue of about 39.5B CNY (latest available figure, as of Nov 9, 2026).
What is the intrinsic value of Lao Feng Xiang Co Ltd B (900905)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lao Feng Xiang Co Ltd B it is $7.32 per share (as of Nov 9, 2026), against a price of $2.44. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lao Feng Xiang Co Ltd B stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 900905 trades below its calculated fair value: price $2.44, fair value $7.32, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 900905?
No. The price is what the market pays today ($2.44); the fair value is what the company's own numbers justify ($7.32). For Lao Feng Xiang Co Ltd B the two are $4.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lao Feng Xiang Co Ltd B worth?
The market values Lao Feng Xiang Co Ltd B at about $1.3B (market capitalisation, as of Nov 9, 2026). Per share that is $2.44; our models calculate a fair value of $7.32 per share.
What do the bullish and bearish scenarios say about 900905?
Our models span a range for Lao Feng Xiang Co Ltd B: cautious scenario $5.42, base $7.32, optimistic $9.21 per share (as of Nov 9, 2026, price $2.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 900905?
Lao Feng Xiang Co Ltd B trades at a price-to-earnings ratio of 7.1 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $7.32 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 7.0. Other multiples: PEG 0.4, P/B 0.6, P/S 0.2.
What is the PEG ratio of 900905?
The PEG ratio of Lao Feng Xiang Co Ltd B is 0.38 (P/E divided by earnings growth, as of Nov 9, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lao Feng Xiang Co Ltd B (900905)?
Balance-sheet figures for Lao Feng Xiang Co Ltd B (as of Nov 9, 2026): return on equity 10.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 900905 from its 52-week high?
Lao Feng Xiang Co Ltd B trades at $2.44, about 31% below its 52-week high of $3.53 and 6% above the low of $2.31 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of $7.32 is for.
Which stocks are comparable to Lao Feng Xiang Co Ltd B?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, Chow Tai Fook Jewellery Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lao Feng Xiang Co Ltd B stock attractive at the current price?
The data as of Nov 9, 2026: price $2.44, calculated fair value $7.32 (+200%), Quality Score 71/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 900905 calculated?
We run Lao Feng Xiang Co Ltd B through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $7.32 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Lao Feng Xiang Co Ltd B currently trades 67% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lao Feng Xiang Co Ltd B (900905)?
The closing price on Nov 9, 2026 was $2.44. Our model-based fair value is $7.32, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lao Feng Xiang Co Ltd B right now?
The price is below even our cautious bear case ($5.42). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Lao Feng Xiang Co Ltd B
How large is the market capitalisation of Lao Feng Xiang Co Ltd B (900905)?
The market capitalisation of Lao Feng Xiang Co Ltd B is $1.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lao Feng Xiang Co Ltd B (900905)?
The price-to-sales ratio of Lao Feng Xiang Co Ltd B is 0.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lao Feng Xiang Co Ltd B (900905)?
Earnings per share at Lao Feng Xiang Co Ltd B are $0.3400 (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lao Feng Xiang Co Ltd B (900905)?
The net margin of Lao Feng Xiang Co Ltd B is 3.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lao Feng Xiang Co Ltd B (900905)?
The return on equity (ROE) of Lao Feng Xiang Co Ltd B is 10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lao Feng Xiang Co Ltd B (900905)?
On an EBIT basis the return on assets of Lao Feng Xiang Co Ltd B is 15.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lao Feng Xiang Co Ltd B (900905)?
The operating margin of Lao Feng Xiang Co Ltd B is 5.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lao Feng Xiang Co Ltd B (900905)?
Revenue at Lao Feng Xiang Co Ltd B is growing −60.6% versus a year earlier (3y avg −5.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lao Feng Xiang Co Ltd B (900905)?
Earnings per share at Lao Feng Xiang Co Ltd B are growing −72.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lao Feng Xiang Co Ltd B (900905) generate?
The free cash flow of Lao Feng Xiang Co Ltd B is 5.8B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Lao Feng Xiang Co Ltd B (900905) carry?
The net debt of Lao Feng Xiang Co Ltd B is 1.5B CNY (fiscal year 2022, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026