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COFCO Biotechnology Co (000930) Fair Value & Analysis

Basic Materials · CN · Market cap 9.1B CNY

CB COFCO Biotechnology Co 000930 · SHE
Price¥4.71
Fair Value¥1.10
Upside-76.7%
Quality59/100
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Mixed Growth
Loss-making · -0.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 20/100
Evidence: High Range ¥0.5200 – ¥1.48 Share as image

Fair value as of: Jul 21, 2026

From 23 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from ¥2.15 to ¥1.10 (−48.8%) since Jun 25, 2026. Share price +7.3% over the past month.

A solid business, but screening 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.48). The favourable scenario is already priced in.
  • The model range is unusually wide (¥0.5200 to ¥1.48). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥11.00 ¥4.25 Fair Value ¥1.10 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥4.25 – ¥11.00 · fair‑value band ¥0.5200 – ¥1.48 · the ¥4.71 price screens above the ¥1.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

COFCO Biotechnology Co (000930) currently trades at ¥4.71, while our model-based Fair Value estimate is ¥1.10, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, COFCO Biotechnology Co generated revenue of 17.0B CNY at a net margin of -0.7%. Revenue declined 11.5% year over year. It earns a return on equity of -1.1%. Net debt stands at 2.4B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥0.5200 (bear case) to ¥1.48 (bull case); at ¥4.71, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -77%, 000930 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥8.43 ¥12.88 ¥19.69 80
Residual Income ¥3.77 ¥3.42 ¥2.32 76
Rev-Margin DCF ¥5.20 ¥7.13 ¥9.53 74
All 23 models by family
DCF Models
FCF DCF ¥8.42 ¥13.11 ¥20.48 38
5Y Revenue Exit ¥5.20 ¥7.07 ¥9.40 39
5Y EBITDA Exit ¥6.08 ¥8.80 ¥12.00 41
5Y P/E Exit ¥3.82 ¥4.36 ¥4.85 38
10Y Revenue Exit ¥6.22 ¥8.27 ¥11.01 36
10Y EBITDA Exit ¥6.85 ¥9.48 ¥13.05 37
10Y P/E Exit ¥5.42 ¥6.38 ¥7.45 35
Earnings-Based
Graham-Dodd ¥0.1400 ¥0.5500 ¥0.7400 54
Lynch FV ¥0.1300 ¥0.1900 ¥0.2500 50
PEG = 1.0 ¥0.1300 ¥0.1900 ¥0.2500 46
EPV ¥3.15 ¥3.47 ¥3.74 59
Multiples
P/E Multiple ¥0.2600 ¥0.3500 ¥0.4400 63
P/S Multiple ¥0.2600 ¥0.3500 ¥0.4400 58
P/B Multiple ¥0.2600 ¥0.3500 ¥0.4400 55
EV/EBIT ¥3.94 ¥4.87 ¥5.80 53
EV/EBITDA ¥5.23 ¥6.59 ¥7.95 54
EV/Revenue ¥3.56 ¥4.60 ¥5.64 43
Asset-Based
NCAV (Graham) ¥2.86 ¥3.83 ¥5.72 50
Growth DCF
Growth DCF ¥8.43 ¥12.88 ¥19.69 80
Rev-Margin DCF ¥5.20 ¥7.13 ¥9.53 74
Economic Profit
Residual Income ¥3.77 ¥3.42 ¥2.32 76
ROIC Compounder ¥3.15 ¥3.47 ¥3.74 72
Growth Earnings
Growth-Adj P/E ¥0.2100 ¥0.3100 ¥0.4000 68

Widest divergence: DCF Models (¥8.27) versus Earnings-Based (¥0.1900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 17.0B CNY
Revenue growth (YoY) -11.5%
Net margin -0.7%
Return on equity -1.1%
Free cash flow 1.2B CNY FY2025
Operating margin 0.1%
More key figures
EPS (TTM) ¥-0.0700
EPS growth (YoY) +83.0%
Net debt 2.4B CNY FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 59 · Market factors (momentum, volatility) 32

Profitability 29
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

COFCO Biotechnology Co., Ltd., together with its subsidiaries, engages in the processing and production of biochemical products in China.

Full company description

COFCO Biotechnology Co., Ltd., together with its subsidiaries, engages in the processing and production of biochemical products in China. The company offers edible corn, special, waxy corn, and modified waxy corn starch; feed products, such as corn gluten meal, sprayed corn husk, corn germ meal, DDGS, fertilizer raw materials and glutamic acid residue; sweeteners comprising special syrup for frozen dough, compound fructose powder, maltodextrin, and fructose and glucose syrups; edible alcohol and fuel ethanol; and monosodium glutamate, anhydrous citric acid, potassium citrate, polylactic acid, phytosterols, and natural vitamin E. The company was formerly known as COFCO Biochemical (Anhui) Co., Ltd. and changed its name to COFCO Biotechnology Co., Ltd. in September 2019. The company was founded in 1998 and is based in Chaoyang, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

COFCO Biotechnology Co reported revenue of ¥17.5B in FY2025 versus ¥23.6B in FY2021, a compound −7.1%/yr. Reported net income was ¥38.4M in FY2025, compounding −57.1%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
17.5B CNY
Avg. growth/yr (3Y)
−5.2%
Avg. growth/yr (5Y)
+0.6%
Avg. growth/yr (28Y)
+20.7%
Revenue −7.1%/yr
FY21 ¥23.6B
FY22 ¥19.9B
FY23 ¥20.4B
FY24 ¥20.1B
FY25 ¥17.5B
Net income −57.1%/yr
FY21 ¥1.1B
FY22 ¥1.1B
FY23 −¥602M
FY24 ¥25.1M
FY25 ¥38.4M

000930 screens 77% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "COFCO Biotechnology Co Fair Value". https://www.fairvalue-calculator.com/stock/000930

Peer Group

Specialty Chemicals · 676 stocks

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.

Quality Score 59 · Above median
Fair Value upside −77% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 0% · Bottom 25%
Revenue growth -12% · Bottom 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.13× · Cheaper than 75% of peers
P/S (TTM) 0.08× · Cheaper than 75% of peers
P/FCF 1.1× · Cheaper than median
PEG 1.65× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 19
PAST 0 · sector 23
HEALTH 98 · sector 95
DIVIDEND 0 · sector 25

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is COFCO Biotechnology Co (000930) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥1.10 versus a price of ¥4.71, about −77% (overvalued).
What is the fair value of 000930?
Our model-based fair value for COFCO Biotechnology Co is ¥1.10 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥4.71.
What is the quality score of 000930?
COFCO Biotechnology Co has a Quality Score of 59/100. 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 revenue of COFCO Biotechnology Co (000930)?
COFCO Biotechnology Co reported trailing-twelve-month revenue of about 17.0B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000930?
The net profit margin of COFCO Biotechnology Co is about -0.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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