Royal Group (002329) Fair Value & Analysis
Consumer Defensive · CN · Market cap 2.6B CNY
Fair value as of: Jul 22, 2026
From 4 valuation models · updated 20 days ago
Fair value updated Jul 22, 2026, revised from ¥3.21 to ¥3.35 (+4.4%) since Jun 25, 2026. Share price +6.8% over the past month.
Below-average quality, currently priced close to our fair value.
What matters now
- The model range is unusually wide (¥1.51 to ¥5.79). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.
How to read this chart
60‑month range ¥2.52 – ¥10.60 · fair‑value band ¥1.51 – ¥5.79 · the ¥3.47 price screens above the ¥3.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Royal Group (002329) currently trades at ¥3.47, while our model-based Fair Value estimate is ¥3.35, implying the stock looks roughly 3.5% fairly valued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Defensive 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: low).
Over the trailing twelve months, Royal Group generated revenue of 1.8B CNY at a net margin of -25.5%. Revenue declined 1.4% year over year. It earns a return on equity of -56.0%. Net debt stands at 1.4B CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥1.51 (bear case) to ¥5.79 (bull case); at ¥3.47, the current price sits within 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 29% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -3%, 002329 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.
All 4 models by family
Widest divergence: Dividend Discount (¥2.14) versus Asset-Based (¥0.3900). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 30 · Market factors (momentum, volatility) 30
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
Royal Group Co.,Ltd. engages in the processing, producing, and selling of dairy products in China. The company operates through four segments: Food Manufacturing and Sales; Culture Media; Information Service and Information Engineering; and Photovoltaic Module Sales, EPC Business, and Others.
Full company description
Royal Group Co.,Ltd. engages in the processing, producing, and selling of dairy products in China. The company operates through four segments: Food Manufacturing and Sales; Culture Media; Information Service and Information Engineering; and Photovoltaic Module Sales, EPC Business, and Others. It offers buffalo, fermented, pasteurized fresh, sterilized, formulated, chilled, and room temperature milk; and other food products, such as milk-containing beverages, plant protein beverages, and bread. The company was formerly known as Guangxi Royal Dairy Co., Ltd. and changed its name to Royal Group Co.,Ltd. in December 2014. Royal Group Co.,Ltd. was incorporated in 2001 and is headquartered in Nanning, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Royal Group reported revenue of ¥1.8B in FY2025 versus ¥2.6B in FY2021, a compound −8.9%/yr. Reported net income was −¥449M in FY2025.
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Peer Group
Packaged Foods · 649 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 Packaged Foods 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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé India Limited NESTLEIND | ₹1,427 | ₹362.37 | -75% |
| Britannia Industries Limited BRITANNIA | ₹5,413 | ₹1,870 | -65% |
| Tata Consumer Products Limited TATACONSUM | ₹1,089 | ₹327.27 | -70% |
| PT Indofood CBP Sukses Makmur Tbk ICBP | 6,650 IDR | 15,757 IDR | +137% |
| Samyang Foods Co 003230 | 1,139,000 KRW | 1,010,543 KRW | -11% |
| Patanjali Foods Limited PATANJALI | ₹413.80 | ₹157.04 | -62% |
| Vietnam Dairy Products Joint Stock Company VNM | 58,500 VND | 68,259 VND | +17% |
| PT Mayora Indah Tbk, MYOR | 1,750 IDR | 2,699 IDR | +54% |
| PT Cisarua Mountain Dairy Tbk CMRY | 4,490 IDR | 4,355 IDR | -3% |
| Nongshim Co 004370 | 348,500 KRW | 530,619 KRW | +52% |
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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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