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Tianshui Zhongxing Bio-technology Co (002772) Fair Value & Analysis

Consumer Defensive · CN · Market cap 4.9B CNY

TZ Tianshui Zhongxing Bio-technology Co 002772 · SHE
Price¥10.70
Fair Value¥8.82
Upside-17.6%
Quality62/100
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Expensive Growth
Highly profitable · 20.2% net margin
Moderate debt · negative free cash flow
1.14% dividend yield
Mixed vs. peers (7/13)
Wide moat 65/100
Evidence: High Range ¥6.58 – ¥11.02 Share as image

Fair value as of: Jul 22, 2026

From 17 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥16.41 to ¥8.82 (−46.3%) since Jun 25, 2026. Share price −15.3% over the past month.

A solid business, but screening 18% overvalued on our models.

What matters now

  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
  • Our model range runs from ¥6.58 (bear) to ¥11.02 (bull), base ¥8.82. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥19.19 ¥5.22 Fair Value ¥8.82 Feb 2021 Aug 2026

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 ¥5.22 – ¥19.19 · fair‑value band ¥6.58 – ¥11.02 · the ¥10.70 price screens above the ¥8.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Tianshui Zhongxing Bio-technology Co (002772) currently trades at ¥10.70, while our model-based Fair Value estimate is ¥8.82, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 62/100 (solid 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: high).

Over the trailing twelve months, Tianshui Zhongxing Bio-technology Co generated revenue of 2.2B CNY at a net margin of 20.2%. Revenue grew 27.4% year over year. It earns a return on equity of 12.9%. Net debt stands at 1.4B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥6.58 (bear case) to ¥11.02 (bull case); at ¥10.70, 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 45% below its 52-week high and 47% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -18%, 002772 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
Residual Income ¥8.04 ¥8.81 ¥12.12 76
ROIC Compounder ¥6.02 ¥7.15 ¥8.13 72
Gordon GGM ¥2.63 ¥5.25 ¥7.95 70
All 17 models by family
DCF Models
Owner Earnings ¥0.3100 ¥1.89 ¥4.94 31
Earnings-Based
Graham-Dodd ¥6.08 ¥38.61 ¥53.96 54
Lynch FV ¥11.16 ¥15.95 ¥20.73 50
PEG = 1.0 ¥11.16 ¥15.95 ¥20.73 46
EPV ¥6.02 ¥7.15 ¥8.13 59
Dividend Discount
Gordon GGM ¥2.63 ¥5.25 ¥7.95 70
DDM Multi-Stage ¥2.63 ¥4.54 ¥5.54 61
Multiples
P/E Multiple ¥14.08 ¥18.77 ¥23.46 63
P/S Multiple ¥6.72 ¥8.96 ¥11.20 58
P/B Multiple ¥11.40 ¥15.20 ¥18.99 55
EV/EBIT ¥10.02 ¥13.75 ¥17.47 53
EV/EBITDA ¥14.04 ¥19.10 ¥24.16 54
EV/Revenue ¥4.73 ¥7.25 ¥9.77 43
Asset-Based
NCAV (Graham) ¥4.70 ¥6.30 ¥9.41 50
Economic Profit
Residual Income ¥8.04 ¥8.81 ¥12.12 76
ROIC Compounder ¥6.02 ¥7.15 ¥8.13 72
Growth Earnings
Growth-Adj P/E ¥15.84 ¥22.63 ¥29.41 68

Widest divergence: Growth Earnings (¥22.63) versus DCF Models (¥1.89). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) +27.4%
Net margin 20.2%
Return on equity 12.9%
Free cash flow −48.0M CNY FY2025
P/E ratio 10.9
More key figures
Operating margin 28.8%
EPS (TTM) ¥1.19
Dividend yield 1.1%
EPS growth (YoY) +232%
Net debt 1.4B CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 56 · Market factors (momentum, volatility) 41

Profitability 36
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 51
Distance to the 52-week high (market factor)
Net Issuance 100
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

Tianshui Zhongxing Bio-technology Co.,Ltd., together with its subsidiaries, engages in the research and development, production and sales of edible mushrooms in China and internationally. It offers enoki and button mushrooms; cordyceps militaris; and cordyceps sinensis.

Full company description

Tianshui Zhongxing Bio-technology Co.,Ltd., together with its subsidiaries, engages in the research and development, production and sales of edible mushrooms in China and internationally. It offers enoki and button mushrooms; cordyceps militaris; and cordyceps sinensis. The company also engages in agriculture planting, investment management, and real estate development businesses. Tianshui Zhongxing Bio-technology Co.,Ltd. was founded in 2005 and is headquartered in Tianshui, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianshui Zhongxing Bio-technology Co reported revenue of ¥2.1B in FY2025 versus ¥1.6B in FY2021, a compound +7.8%/yr. Reported net income was ¥335M in FY2025, compounding +57.1%/yr from FY2021.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.1B CNY
Latest YoY
+8.4%
Avg. growth/yr (3Y)
+2.1%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (14Y)
+21.9%
Revenue +7.8%/yr
FY21 ¥1.6B
FY22 ¥2.0B
FY23 ¥1.9B
FY24 ¥1.9B
FY25 ¥2.1B
Net income +57.1%/yr
FY21 ¥55.0M
FY22 ¥158M
FY23 ¥160M
FY24 ¥128M
FY25 ¥335M

002772 screens 18% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Tianshui Zhongxing Bio-technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002772

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.

Quality Score 62 · Above median
Fair Value upside −18% · Below median
Return on equity (TTM) 13% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 27% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.53× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than median
P/B 1.38× · Pricier than median
P/S (TTM) 2.18× · Pricier than 75% of peers
EV/EBITDA 6.9× · 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 10 · sector 26
FUTURE 100 · sector 21
PAST 52 · sector 17
HEALTH 73 · sector 94
DIVIDEND 23 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Jul 22, 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%

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Frequently asked questions

Is Tianshui Zhongxing Bio-technology Co (002772) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥8.82 versus a price of ¥10.70, about −18% (overvalued).
What is the fair value of 002772?
Our model-based fair value for Tianshui Zhongxing Bio-technology Co is ¥8.82 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥10.70.
What is the quality score of 002772?
Tianshui Zhongxing Bio-technology Co has a Quality Score of 62/100. 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 Tianshui Zhongxing Bio-technology Co (002772)?
Tianshui Zhongxing Bio-technology Co reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002772?
The net profit margin of Tianshui Zhongxing Bio-technology Co is about 20.2%, meaning it keeps roughly 20.2% of revenue as net income. Based on the latest reported figures.
Does Tianshui Zhongxing Bio-technology Co pay a dividend?
Tianshui Zhongxing Bio-technology Co currently shows a dividend yield of about 1.14% relative to its recent price (as of Jul 22, 2026).

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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