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Ritamix Global Ltd (1936) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$387M

RG Ritamix Global Ltd 1936 · HK
PriceHK$0.8600
Fair ValueHK$0.6900
Upside-19.8%
Quality75/100
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Healthy Growth
Thin margins · 7.2% net margin
generates free cash flow
Ranks above peers (8/12)
Narrow moat 33/100
Evidence: High Range HK$0.5400 – HK$0.8400 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price +1.2% over the past month.

A strong business, but screening 20% overvalued on our models.

What matters now

  • A high-quality business (quality 75/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (HK$0.8400). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

HK$1.84 HK$0.3134 Fair Value HK$0.6900 Mar 2021 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

60‑month range HK$0.3134 – HK$1.84 · fair‑value band HK$0.5400 – HK$0.8400 · the HK$0.8600 price screens above the HK$0.6900 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Ritamix Global Ltd (1936) currently trades at HK$0.8600, while our model-based Fair Value estimate is HK$0.6900, implying the stock looks roughly 19.8% overvalued today. The Quality Score stands at 75/100 (high 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, Ritamix Global Ltd generated revenue of HK$128M at a net margin of 7.2%. Revenue grew 1.7% year over year. It earns a return on equity of 6.6%. The balance sheet holds a net cash position of HK$42.3M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.5400 (bear case) to HK$0.8400 (bull case); at HK$0.8600, 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 near its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 97% fair-value upside, at -20%, 1936 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 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$0.2300 HK$0.2400 HK$0.2400 76
Growth DCF HK$0.3400 HK$0.4000 HK$0.4900 72
Gordon GGM HK$0.4700 HK$0.6000 HK$0.7200 70
All 24 models by family
DCF Models
FCF DCF HK$0.3300 HK$0.4000 HK$0.5000 38
Owner Earnings HK$0.2800 HK$0.3300 HK$0.4100 31
5Y Revenue Exit HK$0.2900 HK$0.3600 HK$0.4600 39
5Y EBITDA Exit HK$0.3100 HK$0.4000 HK$0.5100 41
5Y P/E Exit HK$0.3500 HK$0.4700 HK$0.6000 38
10Y Revenue Exit HK$0.3000 HK$0.3600 HK$0.4400 36
10Y EBITDA Exit HK$0.3200 HK$0.3900 HK$0.4700 37
10Y P/E Exit HK$0.3400 HK$0.4300 HK$0.5200 35
Earnings-Based
Graham-Dodd HK$0.1400 HK$0.2500 HK$0.3100 54
EPV HK$0.1800 HK$0.1900 HK$0.2000 59
Dividend Discount
Gordon GGM HK$0.4700 HK$0.6000 HK$0.7200 70
DDM Multi-Stage HK$0.4700 HK$0.6100 HK$0.7600 61
Multiples
P/E Multiple HK$0.3100 HK$0.4200 HK$0.5200 63
P/S Multiple HK$0.2500 HK$0.3400 HK$0.4200 58
P/B Multiple HK$0.2500 HK$0.3400 HK$0.4200 55
EV/EBIT HK$0.3400 HK$0.4200 HK$0.5100 53
EV/EBITDA HK$0.3300 HK$0.4100 HK$0.4900 54
EV/Revenue HK$0.2700 HK$0.3500 HK$0.4200 43
Asset-Based
NCAV (Graham) HK$0.1500 HK$0.2100 HK$0.3100 50
Growth DCF
Growth DCF HK$0.3400 HK$0.4000 HK$0.4900 72
Rev-Margin DCF HK$0.2900 HK$0.3700 HK$0.4600 67
Economic Profit
Residual Income HK$0.2300 HK$0.2400 HK$0.2400 76
ROIC Compounder HK$0.1800 HK$0.1900 HK$0.2000 67
Growth Earnings
Growth-Adj P/E HK$0.2200 HK$0.3200 HK$0.4100 68

Widest divergence: Dividend Discount (HK$0.6000) versus Earnings-Based (HK$0.1900). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$128M
Revenue growth (YoY) +1.7%
Net margin 7.2%
Return on equity 6.6%
Free cash flow HK$12.9M FY2025
P/E ratio 20.8 as of Jul 2, 2026
More key figures
Operating margin 6.3%
EPS (TTM) HK$0.0100
EPS growth (YoY) +10.8%
Net cash HK$42.3M FY2025

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 80

Profitability 42
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 88
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

Ritamix Global Limited, an investment holding company, engages in the distribution of animal feed additives and human food ingredients in Malaysia, Europe, North America, rest of Asia, Australia, and internationally.

Full company description

Ritamix Global Limited, an investment holding company, engages in the distribution of animal feed additives and human food ingredients in Malaysia, Europe, North America, rest of Asia, Australia, and internationally. The company offers amino acids, vitamin premixes, acidifiers, enzymes, organic antioxidants and growth ingredients, and other products for poultry, swine, cattle, and aquaculture. It also provides customized vitamin concentrates and mineral premix formula; feed nutrition, formulations, and veterinary consultation; and veterinarian technical support services. In addition, the company engages in the manufacturing of animal feed additives premixes; and design development, construction, and operation of tourism. The company was founded in 1982 and is headquartered in Shah Alam, Malaysia. Ritamix Global Limited is a subsidiary of Garry-Worth Investment Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ritamix Global Ltd reported revenue of HK$128M in FY2025 versus HK$120M in FY2021, a compound +1.7%/yr. Reported net income was HK$9.3M in FY2025, compounding −5.9%/yr from FY2021.

Growth Quality 62/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$128M
Latest YoY
+4.7%
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.
−1.5%
Avg. growth/yr (5Y) 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.
+2.1%
Avg. growth/yr (8Y) 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.
+2.2%
Revenue +1.7%/yr
FY21 HK$120M
FY22 HK$134M
FY23 HK$118M
FY24 HK$123M
FY25 HK$128M
Net income −5.9%/yr
FY21 HK$11.8M
FY22 HK$11.3M
FY23 HK$11.4M
FY24 HK$8.3M
FY25 HK$9.3M

1936 screens 20% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Ritamix Global Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1936

Peer Group

Farm Products · 298 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 75 · Top 25%
Fair Value upside −20% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 7.2% · Top 25%

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 20.8× · Pricier than median
P/B 0.34× · Cheaper than median
P/S (TTM) 0.39× · Cheaper than median
P/FCF 3.8× · 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 7 · sector 28
FUTURE 9 · sector 21
PAST 26 · sector 18
HEALTH 0 · sector 94
DIVIDEND 100 · sector 48

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,150 IDR 6,818 IDR +116%
Charoen Pokphand Foods Public Company CPF 21.90 THB 43.24 THB +97%
PT Triputra Agro Persada Tbk TAPG 1,805 IDR 3,087 IDR +71%
PT FAP Agri Tbk FAPA 7,350 IDR 6,420 IDR -13%
PT Japfa Comfeed Indonesia Tbk JPFA 2,260 IDR 6,974 IDR +209%
PT Jhonlin Agro Raya Tbk JARR 1,890 IDR 610.80 IDR -68%
PT Nusantara Sawit Sejahtera Tbk NSSS 860.00 IDR 402.24 IDR -53%
PT Sinar Mas Agro Resources and Technology Tbk SMAR 5,625 IDR 16,227 IDR +188%
PT Dharma Satya Nusantara Tbk DSNG 1,320 IDR 2,696 IDR +104%

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Frequently asked questions

Is Ritamix Global Ltd (1936) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.6900 versus a price of HK$0.8600, about −20% (overvalued).
What is the fair value of 1936?
Our model-based fair value for Ritamix Global Ltd is HK$0.6900 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.8600.
What is the quality score of 1936?
Ritamix Global Ltd has a Quality Score of 75/100. 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 Ritamix Global Ltd (1936)?
Ritamix Global Ltd reported trailing-twelve-month revenue of about HK$128M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1936?
The net profit margin of Ritamix Global Ltd is about 7.2%, meaning it keeps roughly 7.2% 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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