Anjoy Foods Group Co., Ltd. (2648) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Anjoy Foods Group Co., Ltd. HK$100, price HK$63.35, upside +58.2%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Anjoy Foods Group Co., Ltd.
2648 · HKClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
15‑month range HK$52.65 – HK$86.36 · fair‑value band HK$75.14 – HK$125.23 · the HK$63.35 price screens below the HK$100.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Company profile
Anjoy Foods Group Co., Ltd. engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products in China. It sells frozen food, including quick-frozen prepared food, quick-frozen rice and flour products, and quick-frozen prepared dishes.
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Anjoy Foods Group Co., Ltd. engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products in China. It sells frozen food, including quick-frozen prepared food, quick-frozen rice and flour products, and quick-frozen prepared dishes. The company offers quick-frozen flavored and processed food such as stuffed meatballs, fish tofu, fish roe buns, and pork sausage under the Anjoy brand. Its quick-frozen prepared products include dishes such as crayfish, shrimp paste, fried crispy strips, beef and lamb rolls, Qianye tofu, and egg dumplings. It also provides quick-frozen flour and rice products such as shumai, steamed buns, Chinese pancakes, and brown sugar buns; frozen baked goods such as toast, pineapple buns, scones, soft buns, and bagels; and ready-to-heat and ready-to-cook products. In addition, the company offers hot pot and barbecue food, semi-finished food, and rice and flour products. Further, it sells its products through distributors, targeted enterprises and other institutional customers, new retail channels, e-commerce platforms, and supermarkets. Anjoy Foods Group Co., Ltd. was founded in 2001 and is headquartered in Xiamen, the People's Republic of China.
Stock analysis
Anjoy Foods Group Co., Ltd. (2648) currently trades at HK$63.35, while our model-based Fair Value estimate is HK$100.19, implying the stock looks roughly 36.8% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$118.62 per share, and 20 of the 24 models we run sit above the HK$63.35 price.
Bear case: the Asset-Based group reads lowest at HK$36.39, and 4 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$75.14 (bear) to HK$125.23 (bull), the price of HK$63.35 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 62/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Anjoy Foods Group Co., Ltd. reported revenue of 16.2B CNY in FY2025 versus 9.3B CNY in FY2021, a compound +15.0%/yr. Reported net income was 1.4B CNY in FY2025, compounding +18.8%/yr from FY2021.
Key figures
Market cap HK$21.1B (≈ $2.7B) · P/E ratio 11.9 · P/S ratio 1.00 · EPS (TTM) HK$3.11 · Dividend yield 5.0% · Net margin 8.4% · Return on equity 10.2% · Return on assets (EBIT) 10.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at 58%, 2648 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 47
Revenue & earnings trend
Growth Forecast
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Compare Anjoy Foods Group Co., Ltd. with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Packaged Foods · 644 stocks
Valuation Multiplesvs Packaged Foods median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Packaged Foods stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nestlé S.A NESN | CHF 77.17 | CHF 59.51 | −23% |
| Danone S.A BN | €59.56 | €50.65 | −15% |
| Foshan Haitian Flavouring and Food Company 603288 | ¥33.93 | ¥37.32 | +10% |
| The Kraft Heinz Company KHC | $23.45 | $29.20 | +25% |
| Nestlé India Limited NESTLEIND | ₹1,363 | ₹724.74 | −47% |
| Inner Mongolia Yili Industrial Group 600887 | ¥26.90 | ¥41.84 | +56% |
| Yihai Kerry Arawana Holdings 300999 | ¥24.55 | ¥9.98 | −59% |
| General Mills, Inc GIS | $33.64 | $34.59 | +3% |
| Wilmar International Limited F34 | 3.68 SGD | 5.14 SGD | +40% |
| Kerry Group KRZ | €85.55 | €59.96 | −30% |
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Key figures of Anjoy Foods Group Co., Ltd.
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