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Jiamei Food Packaging (Chuzhou) Co (002969) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 17.4B CNY

JF Jiamei Food Packaging (Chuzhou) Co 002969 · SHE
Price¥13.87
Fair Value¥1.34
Upside-90.3%
Quality53/100
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Mixed Growth
Thin margins · 4.6% net margin
Low debt · generates free cash flow
0.13% dividend yield
Trails peers (5/14)
Narrow moat 35/100
Evidence: High Range ¥1.01 – ¥1.68 Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥1.87 to ¥1.34 (−28.3%) since Jun 25, 2026. Share price +7.6% over the past month.

A solid business, but screening 90% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.68). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥33.39 ¥2.60 Fair Value ¥1.34 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 ¥2.60 – ¥33.39 · fair‑value band ¥1.01 – ¥1.68 · the ¥13.87 price screens above the ¥1.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Jiamei Food Packaging (Chuzhou) Co (002969) currently trades at ¥13.87, while our model-based Fair Value estimate is ¥1.34, implying the stock looks roughly 90.3% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Consumer Cyclical 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, Jiamei Food Packaging (Chuzhou) Co generated revenue of 3.1B CNY at a net margin of 4.6%. Revenue grew 42.3% year over year. It earns a return on equity of 5.0%. Net debt stands at 331M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.01 (bear case) to ¥1.68 (bull case); at ¥13.87, 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 59% below its 52-week high and 316% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -90%, 002969 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 ¥1.69 ¥2.36 ¥3.58 80
Residual Income ¥1.70 ¥1.68 ¥1.46 76
Rev-Margin DCF ¥1.30 ¥1.99 ¥2.88 74
All 24 models by family
DCF Models
FCF DCF ¥1.62 ¥2.30 ¥3.65 38
Owner Earnings ¥0.3400 ¥0.5700 ¥1.02 31
5Y Revenue Exit ¥1.30 ¥1.95 ¥2.93 39
5Y EBITDA Exit ¥1.87 ¥2.93 ¥4.37 41
5Y P/E Exit ¥0.9600 ¥1.38 ¥1.91 38
10Y Revenue Exit ¥1.36 ¥1.93 ¥2.57 36
10Y EBITDA Exit ¥1.76 ¥2.57 ¥3.48 37
10Y P/E Exit ¥1.20 ¥1.56 ¥1.92 35
Earnings-Based
Graham-Dodd ¥0.5400 ¥0.8400 ¥1.00 54
EPV ¥0.7000 ¥0.8600 ¥1.01 59
Dividend Discount
Gordon GGM ¥0.3600 ¥0.4300 ¥0.5000 70
DDM Multi-Stage ¥0.3600 ¥0.4800 ¥0.6300 61
Multiples
P/E Multiple ¥1.01 ¥1.34 ¥1.68 63
P/S Multiple ¥1.01 ¥1.34 ¥1.68 58
P/B Multiple ¥1.01 ¥1.34 ¥1.68 55
EV/EBIT ¥1.45 ¥2.04 ¥2.62 53
EV/EBITDA ¥2.40 ¥3.30 ¥4.20 54
EV/Revenue ¥1.22 ¥1.87 ¥2.52 43
Asset-Based
NCAV (Graham) ¥1.16 ¥1.55 ¥2.32 50
Growth DCF
Growth DCF ¥1.69 ¥2.36 ¥3.58 80
Rev-Margin DCF ¥1.30 ¥1.99 ¥2.88 74
Economic Profit
Residual Income ¥1.70 ¥1.68 ¥1.46 76
ROIC Compounder ¥0.7000 ¥0.8600 ¥1.01 72
Growth Earnings
Growth-Adj P/E ¥0.7200 ¥1.02 ¥1.33 68

Widest divergence: Growth DCF (¥1.99) versus Dividend Discount (¥0.4300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.1B CNY
Revenue growth (YoY) +42.3%
Net margin 4.6%
Return on equity 5.0%
Free cash flow 211M CNY FY2025
P/E ratio 113.4
More key figures
Operating margin 10.7%
EPS (TTM) ¥0.1400
Dividend yield 0.1%
EPS growth (YoY) +361%
Net debt 331M CNY FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 53 · Market factors (momentum, volatility) 48

Profitability 27
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 66
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

Jiamei Food Packaging (Chuzhou) Co.,Ltd researches, develops, produces, designs, and sells food and beverage packaging containers in China. The company offers three-piece, two-piece, ABC, TBC, and SBC cans; tinplate printing, aseptic paper packaging, and beverage filling services.

Full company description

Jiamei Food Packaging (Chuzhou) Co.,Ltd researches, develops, produces, designs, and sells food and beverage packaging containers in China. The company offers three-piece, two-piece, ABC, TBC, and SBC cans; tinplate printing, aseptic paper packaging, and beverage filling services. Jiamei Food Packaging (Chuzhou) Co.,Ltd was incorporated in 2011 and is based in Chuzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiamei Food Packaging (Chuzhou) Co reported revenue of ¥2.8B in FY2025 versus ¥3.5B in FY2021, a compound −5.0%/yr. Reported net income was ¥86.6M in FY2025, compounding −14.7%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.8B CNY
Latest YoY
−12.0%
Avg. growth/yr (3Y)
−1.9%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (12Y)
+2.4%
Revenue −5.0%/yr
FY21 ¥3.5B
FY22 ¥3.0B
FY23 ¥3.2B
FY24 ¥3.2B
FY25 ¥2.8B
Net income −14.7%/yr
FY21 ¥164M
FY22 ¥17.0M
FY23 ¥154M
FY24 ¥183M
FY25 ¥86.6M

002969 screens 90% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Jiamei Food Packaging (Chuzhou) Co Fair Value". https://www.fairvalue-calculator.com/stock/002969

Peer Group

Packaging & Containers · 273 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 53 · Above median
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth 42% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 113.4× · Pricier than 75% of peers
P/B 6.86× · Pricier than 75% of peers
P/S (TTM) 5.68× · Pricier than 75% of peers
P/FCF 12.3× · Pricier than 75% of peers
EV/EBITDA 41.0× · Pricier than 75% of peers

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 9
FUTURE 100 · sector 1
PAST 20 · sector 21
HEALTH 86 · sector 92
DIVIDEND 3 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Jiamei Food Packaging (Chuzhou) Co (002969) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥1.34 versus a price of ¥13.87, about −90% (overvalued).
What is the fair value of 002969?
Our model-based fair value for Jiamei Food Packaging (Chuzhou) Co is ¥1.34 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥13.87.
What is the quality score of 002969?
Jiamei Food Packaging (Chuzhou) Co has a Quality Score of 53/100. 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 Jiamei Food Packaging (Chuzhou) Co (002969)?
Jiamei Food Packaging (Chuzhou) Co reported trailing-twelve-month revenue of about 3.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002969?
The net profit margin of Jiamei Food Packaging (Chuzhou) Co is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does Jiamei Food Packaging (Chuzhou) Co pay a dividend?
Jiamei Food Packaging (Chuzhou) Co currently shows a dividend yield of about 0.13% 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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