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Xiaocaiyuan International Holding (0999) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$8.2B

XI Xiaocaiyuan International Holding 0999 · HK
PriceHK$7.85
Fair ValueHK$15.65
Upside+99.5%
Quality70/100
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Healthy Growth
Solidly profitable · 13.4% net margin
generates free cash flow
6.24% dividend yield
Ranks above peers (10/13)
Wide moat 74/100
Evidence: High Range HK$10.16 – HK$19.56 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 2 days ago

Fair value updated Aug 13, 2026, revised from HK$14.21 to HK$15.65 (+10.1%) since Aug 5, 2026. Share price +14.2% over the past month.

A solid business, screening 99% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (HK$10.16). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (HK$10.16 to HK$19.56) leaves room in how you read the outcome.
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Price vs Fair Value (20 months)

HK$11.42 HK$6.20 Fair Value HK$15.65 Dec 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

20‑month range HK$6.20 – HK$11.42 · fair‑value band HK$10.16 – HK$19.56 · the HK$7.85 price screens below the HK$15.65 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Xiaocaiyuan International Holding (0999) currently trades at HK$7.85, while our model-based Fair Value estimate is HK$15.65, implying the stock looks roughly 99.5% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Consumer Cyclical 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, Xiaocaiyuan International Holding generated revenue of HK$5.3B at a net margin of 13.4%. Revenue declined 1.2% year over year. It earns a return on equity of 29.8%. Net debt stands at HK$37.4M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$10.16 (bear case) to HK$19.56 (bull case); at HK$7.85, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 34% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at 99%, 0999 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 Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$3.52 HK$4.17 HK$12.47 76
Growth DCF HK$8.64 HK$16.36 HK$27.80 72
Gordon GGM HK$4.69 HK$9.34 HK$14.15 70
All 26 models by family
DCF Models
FCF DCF HK$8.86 HK$16.20 HK$31.47 38
Owner Earnings HK$8.97 HK$17.13 HK$31.89 31
5Y Revenue Exit HK$5.63 HK$9.37 HK$14.49 39
5Y EBITDA Exit HK$10.33 HK$19.64 HK$31.86 41
5Y P/E Exit HK$9.46 HK$17.75 HK$27.69 38
10Y Revenue Exit HK$6.50 HK$10.52 HK$16.85 36
10Y EBITDA Exit HK$9.76 HK$18.12 HK$31.88 37
10Y P/E Exit HK$9.18 HK$16.72 HK$28.27 35
Earnings-Based
Graham-Dodd HK$4.16 HK$23.18 HK$32.19 54
Lynch FV HK$6.48 HK$9.25 HK$12.03 50
PEG = 1.0 HK$6.48 HK$9.25 HK$12.03 46
EPV HK$6.57 HK$7.57 HK$8.43 59
Dividend Discount
Gordon GGM HK$4.69 HK$9.34 HK$14.15 70
DDM Multi-Stage HK$4.69 HK$8.08 HK$9.86 61
Multiples
P/E Multiple HK$10.09 HK$13.46 HK$16.82 63
P/S Multiple HK$4.11 HK$5.49 HK$6.86 58
P/B Multiple HK$6.26 HK$8.35 HK$10.44 55
EV/EBIT HK$12.13 HK$16.09 HK$20.05 53
EV/EBITDA HK$11.69 HK$15.51 HK$19.32 54
EV/Revenue HK$4.09 HK$5.74 HK$7.39 43
Asset-Based
NCAV (Graham) HK$1.04 HK$1.40 HK$2.09 50
Growth DCF
Growth DCF HK$8.64 HK$16.36 HK$27.80 72
Rev-Margin DCF HK$5.63 HK$9.31 HK$14.36 67
Economic Profit
Residual Income HK$3.52 HK$4.17 HK$12.47 76
ROIC Compounder HK$7.49 HK$9.82 HK$12.73 67
Growth Earnings
Growth-Adj P/E HK$9.96 HK$14.23 HK$18.50 68

Widest divergence: DCF Models (HK$16.72) versus Asset-Based (HK$1.40). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$5.3B
Revenue growth (YoY) -1.2%
Net margin 13.4%
Return on equity 29.8%
Free cash flow HK$761M FY2025
P/E ratio 10.0 as of Jul 2, 2026
More key figures
Operating margin 16.9%
EPS (TTM) HK$0.3300
Dividend yield 6.2%
EPS growth (YoY) -3.4%
Net debt HK$37.4M FY2022

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 71 · Market factors (momentum, volatility) 34

Profitability 91
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 82
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

Xiaocaiyuan International Holding Ltd., an investment holding company, engages in the restaurant business in the People's Republic of China. The company also provides catering delivery services and supply chain management solutions. It operates restaurants under the Xiaocaiyuan, Fuxinglou, and Caishou brand names.

Full company description

Xiaocaiyuan International Holding Ltd., an investment holding company, engages in the restaurant business in the People's Republic of China. The company also provides catering delivery services and supply chain management solutions. It operates restaurants under the Xiaocaiyuan, Fuxinglou, and Caishou brand names. The company was founded in 2013 and is headquartered in Tongling, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xiaocaiyuan International Holding reported revenue of HK$5.3B in FY2025 versus HK$2.6B in FY2021, a compound +19.2%/yr. Reported net income was HK$715M in FY2025, compounding +33.2%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$5.3B
Latest YoY
+2.6%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.5%
Revenue +19.2%/yr
FY21 HK$2.6B
FY22 HK$3.2B
FY23 HK$4.5B
FY24 HK$5.2B
FY25 HK$5.3B
Net income +33.2%/yr
FY21 HK$227M
FY22 HK$238M
FY23 HK$532M
FY24 HK$581M
FY25 HK$715M

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Cite: Fair Value Calculator (2026). "Xiaocaiyuan International Holding Fair Value". https://www.fairvalue-calculator.com/stock/0999

Peer Group

Restaurants · 226 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 70 · Top 25%
Fair Value upside +100% · Top 25%
Return on equity (TTM) 30% · Top 25%
Return on assets 17% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 6.2% · Top 25%

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/B 3.35× · Pricier than 75% of peers
P/S (TTM) 1.53× · Pricier than 75% of peers
P/FCF 1.4× · Cheaper than median
EV/EBITDA 6.6× · Cheaper 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 100 · sector 22
FUTURE 0 · sector 19
PAST 100 · sector 16
HEALTH 0 · sector 97
DIVIDEND 100 · sector 71

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 Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $108.49 $35.83 -67%
Chipotle Mexican Grill, Inc CMG $32.00 $17.92 -44%
Yum! Brands, Inc YUM $150.34 $58.17 -61%
Restaurant Brands International Inc QSR C$104.50 C$36.37 -65%
Darden Restaurants, Inc DRI $218.90 $173.68 -21%
Yum China Holdings YUMC $47.90 $54.27 +13%
Texas Roadhouse, Inc TXRH $214.28 $104.89 -51%
Dutch Bros Inc BROS $51.02 $12.80 -75%
Domino's Pizza, Inc DPZ $353.72 $227.31 -36%

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Frequently asked questions

Is Xiaocaiyuan International Holding (0999) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$15.65 versus a price of HK$7.85, about +99% (undervalued).
What is the fair value of 0999?
Our model-based fair value for Xiaocaiyuan International Holding is HK$15.65 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$7.85.
What is the quality score of 0999?
Xiaocaiyuan International Holding has a Quality Score of 70/100. 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 Xiaocaiyuan International Holding (0999)?
Xiaocaiyuan International Holding reported trailing-twelve-month revenue of about HK$5.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 0999?
The net profit margin of Xiaocaiyuan International Holding is about 13.4%, meaning it keeps roughly 13.4% of revenue as net income. Based on the latest reported figures.
Does Xiaocaiyuan International Holding pay a dividend?
Xiaocaiyuan International Holding currently shows a dividend yield of about 6.24% relative to its recent price (as of Aug 13, 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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