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Want Want China Holdings (0151) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$40.0B

WW Want Want China Holdings 0151 · HK
PriceHK$3.28
Fair ValueHK$7.71
Upside+135.4%
Quality81/100
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Mixed Growth
Solidly profitable · 17.7% net margin
Low debt · generates free cash flow
Ranks above peers (10/15)
Wide moat 77/100
Evidence: High Range HK$5.20 – HK$9.64 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 8 days ago

Share price −4.2% over the past month.

A strong business, screening 135% undervalued on our models.

What matters now

  • The rarer combination: high quality (81/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (HK$5.20). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (HK$5.20 to HK$9.64) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$7.11 HK$3.16 Fair Value HK$7.71 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$3.16 – HK$7.11 · fair‑value band HK$5.20 – HK$9.64 · the HK$3.28 price screens below the HK$7.71 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Want Want China Holdings (0151) currently trades at HK$3.28, while our model-based Fair Value estimate is HK$7.71, implying the stock looks roughly 135.4% undervalued today. The Quality Score stands at 81/100 (high 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: high), always confirm before acting.

Over the trailing twelve months, Want Want China Holdings generated revenue of HK$23.7B at a net margin of 17.7%. Revenue grew 2.1% year over year. It earns a return on equity of 25.2%. The balance sheet holds a net cash position of HK$4.0B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$5.20 (bear case) to HK$9.64 (bull case); at HK$3.28, 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 45% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at 135%, 0151 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF HK$4.48 HK$7.32 HK$12.13 80
Residual Income HK$2.28 HK$2.82 HK$9.42 76
Rev-Margin DCF HK$3.30 HK$5.00 HK$7.19 74
All 26 models by family
DCF Models
FCF DCF HK$4.50 HK$7.60 HK$12.97 38
Owner Earnings HK$5.70 HK$9.75 HK$16.79 31
5Y Revenue Exit HK$3.30 HK$5.01 HK$7.29 39
5Y EBITDA Exit HK$5.39 HK$9.32 HK$14.26 41
5Y P/E Exit HK$5.52 HK$9.58 HK$14.24 38
10Y Revenue Exit HK$3.60 HK$5.37 HK$7.98 36
10Y EBITDA Exit HK$5.06 HK$8.52 HK$13.81 37
10Y P/E Exit HK$5.14 HK$8.71 HK$13.79 35
Earnings-Based
Graham-Dodd HK$2.50 HK$11.52 HK$15.82 54
Lynch FV HK$3.03 HK$4.33 HK$5.63 50
PEG = 1.0 HK$3.03 HK$4.33 HK$5.63 46
EPV HK$4.24 HK$4.83 HK$5.35 59
Dividend Discount
Gordon GGM HK$2.15 HK$4.48 HK$7.10 70
DDM Multi-Stage HK$2.15 HK$3.77 HK$4.70 61
Multiples
P/E Multiple HK$5.79 HK$7.71 HK$9.64 63
P/S Multiple HK$2.39 HK$3.19 HK$3.98 58
P/B Multiple HK$4.68 HK$6.25 HK$7.81 55
EV/EBIT HK$6.97 HK$9.07 HK$11.18 53
EV/EBITDA HK$6.25 HK$8.11 HK$9.97 54
EV/Revenue HK$2.76 HK$3.65 HK$4.55 43
Asset-Based
NCAV (Graham) HK$0.7500 HK$1.01 HK$1.50 50
Growth DCF
Growth DCF HK$4.48 HK$7.32 HK$12.13 80
Rev-Margin DCF HK$3.30 HK$5.00 HK$7.19 74
Economic Profit
Residual Income HK$2.28 HK$2.82 HK$9.42 76
ROIC Compounder HK$4.59 HK$5.69 HK$6.98 72
Growth Earnings
Growth-Adj P/E HK$4.85 HK$6.93 HK$9.01 68

Widest divergence: DCF Models (HK$8.52) versus Asset-Based (HK$1.01). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$23.7B
Revenue growth (YoY) +2.1%
Net margin 17.7%
Return on equity 25.2%
Free cash flow HK$3.5B FY2025
P/E ratio 9.2
More key figures
Operating margin 19.1%
EPS (TTM) HK$0.3600
EPS growth (YoY) -7.8%
Net cash HK$4.0B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 81/100

Of which business quality 78 · Market factors (momentum, volatility) 28

Profitability 78
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 86
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

Want Want China Holdings Limited, an investment holding company, engages in the manufacture, distribution, and sale of food and beverages. It operates through four segments: Rice Crackers, Dairy Products and Beverages, Snack Foods, and Other Products. The Rice Crackers segment offers sugar coated, savoury, and fried crackers, as well as gift packs.

Full company description

Want Want China Holdings Limited, an investment holding company, engages in the manufacture, distribution, and sale of food and beverages. It operates through four segments: Rice Crackers, Dairy Products and Beverages, Snack Foods, and Other Products. The Rice Crackers segment offers sugar coated, savoury, and fried crackers, as well as gift packs. The Dairy Products and Beverages segment provides flavored milk, yogurt, yogurt drinks, ready-to-drink coffee, juice and sports drinks, herbal tea, and milk powder. The Snack Foods segment offers candies, popsicles, biscuits and jellies, beans, nuts, and other snacks. The Other Products segment provides wine and other food products. The company also trades in food and beverages, and related activities online; manufactures and sells machineries and related services; manufactures dehydrating, deoxidating, preservative, and related products; manufactures and sells packaging materials, packing bags, carton boxes, and cans; develops and manufactures cosmetics and health food products; provides consultancy, investment management, information, business, and network technology services; processes and sells rice and oil products; and manufactures and sells rice flour. In addition, it engages in the agricultural planting and management, and livestock and poultry breeding businesses. The company serves customers through a sales and distribution network primarily in the People's Republic of China. It also exports its products to North America, East Asia, South-East Asia, and Europe. The company was founded in 1962 and is headquartered in Kowloon Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Want Want China Holdings reported revenue of HK$23.5B in FY2025 versus HK$22.0B in FY2021, a compound +1.7%/yr. Reported net income was HK$4.3B in FY2025, compounding +1.1%/yr from FY2021.

Growth Quality 68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$23.5B
Latest YoY
−0.3%
Avg. growth/yr (3Y)
−0.7%
Avg. growth/yr (5Y)
+3.2%
Avg. growth/yr (24Y)
+16.8%
Revenue +1.7%/yr
FY21 HK$22.0B
FY22 HK$24.0B
FY23 HK$22.9B
FY24 HK$23.6B
FY25 HK$23.5B
Net income +1.1%/yr
FY21 HK$4.2B
FY22 HK$4.2B
FY23 HK$3.4B
FY24 HK$4.0B
FY25 HK$4.3B

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Cite: Fair Value Calculator (2026). "Want Want China Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0151

Peer Group

Packaged Foods · 653 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 81 · Top 25%
Fair Value upside +135% · Top 25%
Return on equity (TTM) 25% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 9.2× · Cheaper than 75% of peers
P/B 2.25× · Pricier than median
P/S (TTM) 1.69× · Pricier than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 5.5× · Cheaper than median
PEG 3.08× · 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 100 · sector 29
FUTURE 11 · sector 19
PAST 100 · sector 27
HEALTH 99 · sector 96
DIVIDEND 0 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 2, 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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Frequently asked questions

Is Want Want China Holdings (0151) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$7.71 versus a price of HK$3.28, about +135% (undervalued).
What is the fair value of 0151?
Our model-based fair value for Want Want China Holdings is HK$7.71 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$3.28.
What is the quality score of 0151?
Want Want China Holdings has a Quality Score of 81/100. 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 Want Want China Holdings (0151)?
Want Want China Holdings reported trailing-twelve-month revenue of about HK$23.7B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0151?
The net profit margin of Want Want China Holdings is about 17.7%, meaning it keeps roughly 17.7% of revenue as net income. 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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