Tech-Bank Food Co (002124) Fair Value & Analysis
Consumer Defensive · CN · Market cap 5.2B CNY
Fair value as of: Jul 24, 2026
From 10 valuation models · updated 17 days ago
Share price −5.5% over the past month.
Below-average quality, screening 132% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (¥3.50). The market is more pessimistic than our downside scenario.
- A fairly wide model range (¥3.50 to ¥6.81) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.
How to read this chart
60‑month range ¥1.96 – ¥13.21 · fair‑value band ¥3.50 – ¥6.81 · the ¥2.22 price screens below the ¥5.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.
Analysis
Tech-Bank Food Co (002124) currently trades at ¥2.22, while our model-based Fair Value estimate is ¥5.15, implying the stock looks roughly 132.0% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, Tech-Bank Food Co generated revenue of 8.1B CNY at a net margin of -26.4%. Revenue declined 23.5% year over year. It earns a return on equity of -76.5%. Net debt stands at 3.3B CNY. Fundamentals as of Jul 24, 2026
Our scenario range runs from ¥3.50 (bear case) to ¥6.81 (bull case); at ¥2.22, the current price sits below 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 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at 132%, 002124 screens cheaper 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.
All 10 models by family
Widest divergence: DCF Models (¥5.93) versus Asset-Based (¥0.7100). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 26
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
Tech-Bank Food Co., Ltd., together with its subsidiaries, operates as a food company in China and internationally. The company engages in the pig breeding and pork product processing. Its main products are commercial pigs and fresh pork products; pork processed products; and other food-related products.
Full company description
Tech-Bank Food Co., Ltd., together with its subsidiaries, operates as a food company in China and internationally. The company engages in the pig breeding and pork product processing. Its main products are commercial pigs and fresh pork products; pork processed products; and other food-related products. The company was formerly known as Ningbo Tech-Bank Co., Ltd. and changed its name to Tech-bank Food Co., Ltd. in May 2017. Tech-Bank Food Co., Ltd. was founded in 1996 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tech-Bank Food Co reported revenue of ¥8.7B in FY2025 versus ¥10.5B in FY2021, a compound −4.6%/yr. Reported net income was −¥1.3B in FY2025.
Watch 002124: get an alert when its fair value changes →
Peer Group
Farm Products · 291 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.
Valuation Multiples vs Farm Products median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Muyuan Foods Group 002714 | ¥40.90 | ¥48.19 | +18% |
| Wens Foodstuff Group 300498 | ¥14.51 | ¥12.08 | -17% |
| Mowi ASA MOWI | kr 188.40 | kr 262.59 | +39% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,120 IDR | 7,076 IDR | +127% |
| Charoen Pokphand Foods Public Company CPF | 22.00 THB | 55.71 THB | +153% |
| PT Triputra Agro Persada Tbk TAPG | 1,540 IDR | 3,105 IDR | +102% |
| PT FAP Agri Tbk FAPA | 7,300 IDR | 7,463 IDR | +2% |
| PT Japfa Comfeed Indonesia Tbk JPFA | 2,070 IDR | 7,231 IDR | +249% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
| PT Jhonlin Agro Raya Tbk JARR | 1,845 IDR | 610.80 IDR | -67% |
Compare Tech-Bank Food Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Defensive stocks →
Frequently asked questions
Is Tech-Bank Food Co (002124) overvalued or undervalued?
What is the fair value of 002124?
What is the quality score of 002124?
What is the revenue of Tech-Bank Food Co (002124)?
What is the net profit margin of 002124?
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.
Track Tech-Bank Food Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.