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Hainan Shennong Technology Co Ltd (300189) Fair Value & Analysis

Basic Materials · CN · Market cap 5.0B CNY (≈ $750M) · ISIN CNE100001138

What is Hainan Shennong Technology Co Ltd really worth?

HS Hainan Shennong Technology Co Ltd 300189 · SHE
Price¥6.29
Fair Value¥3.15
Upside−49.9%
Quality58/100

A solid business, but trading 100% above our fair value of ¥3.15.

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Strengths

Highly profitable · 47.6% net margin

Risks

!Expensive Growth (revenue 5y +14.0 %/yr)
!Low debt · negative free cash flow
!Trails peers (3/12)
!Narrow moat 43/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 3 out of 100
Evidence: Low Range ¥2.21 – ¥4.16

Fair value as of: Sep 1, 2026

From 16 valuation models · updated today

Fair value updated Sep 1, 2026, revised from ¥0.4700 to ¥3.15 (+570.2%) since Aug 13, 2026. Share price +42.0% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥4.16). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥2.21 to ¥4.16) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥9.34 ¥1.72 Fair Value ¥3.15 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range ¥1.72 – ¥9.34 · fair‑value band ¥2.21 – ¥4.16 · the ¥6.29 price screens above the ¥3.15 fair value. Dashed = 300-day average. As of Sep 1, 2026.

Full chart & analysis →

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Analysis

Hainan Shennong Technology Co Ltd (300189) currently trades at ¥6.29, while our model-based Fair Value estimate is ¥3.15, implying the stock looks roughly 99.7% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥1.82 per share, and 0 of the 16 models we run sit above the ¥6.29 price. Bear case: the Multiples group reads lowest at ¥0.3900, and 16 of the 16 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Hainan Shennong Technology Co Ltd generated revenue of 238M CNY at a net margin of 47.6%. Revenue declined 27.9% year over year. It earns a return on equity of 15.8%. Net debt stands at 153M CNY. Fundamentals as of Sep 1, 2026

Our scenario range runs from ¥2.21 (bear case) to ¥4.16 (bull case); at ¥6.29, 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 37% below its 52-week high and 52% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 9% fair-value upside, at −50%, 300189 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.0735 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.1100 to ¥2.20). Read the values as a conservative anchor, not as a price target.
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
Owner Earnings best evidence ¥0.7200 ¥1.09 ¥1.60 76
EPV ¥0.1000 ¥0.1400 ¥0.1700 74
ROIC Compounder ¥0.1000 ¥0.1400 ¥0.1700 72
All 16 models by family
DCF Models
Owner Earnings best evidence ¥0.7200 ¥1.09 ¥1.60 76
Earnings-Based
Graham-Dodd ¥0.7100 ¥1.79 ¥2.33 65
PEG = 1.0 ¥0.3300 ¥0.4700 ¥0.6100 57
EPV ¥0.1000 ¥0.1400 ¥0.1700 74
Dividend Discount
Gordon GGM ¥0.0700 ¥0.1300 ¥0.2100 66
DDM Multi-Stage ¥0.0700 ¥0.1100 ¥0.1400 67
Multiples
P/E Multiple ¥1.65 ¥2.20 ¥2.75 63
P/S Multiple ¥0.2900 ¥0.3900 ¥0.4900 58
P/B Multiple ¥1.33 ¥1.78 ¥2.22 55
EV/EBIT ¥0.2300 ¥0.3400 ¥0.4600 65
EV/EBITDA ¥0.3400 ¥0.5000 ¥0.6500 67
EV/Revenue ¥0.1300 ¥0.2300 ¥0.3400 52
Asset-Based
NCAV (Graham) ¥0.3400 ¥0.4600 ¥0.6800 54
Economic Profit
Residual Income ¥0.6800 ¥0.9100 ¥2.81 65
ROIC Compounder ¥0.1000 ¥0.1400 ¥0.1700 72
Growth Earnings
Growth-Adj P/E ¥1.27 ¥1.82 ¥2.37 67

Widest divergence: Growth Earnings (¥1.82) versus Dividend Discount (¥0.1100). Highest evidence: Owner Earnings (76).

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Key figures & financial health

P/E ratio 57.2
P/S ratio 24.6 P/E × margin
EPS (TTM) ¥0.1100 price ÷ EPS = P/E 57.2
Dividend yield 0.2% payout 9.5%
Net margin 43.0% FY2025
Return on equity 15.8% TTM
More key figures
Profitability
Return on assets (EBIT) −1.6% avg 5y
Operating margin −4.4% TTM
Growth
Revenue (TTM) 238M CNY TTM
Revenue growth (YoY) −27.9% 3y avg +9.3%
Balance sheet & cash flow
Free cash flow −21.2M CNY FY2025
Net debt 153M CNY FY2025

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 44

Profitability 46
Margins and returns on capital today
Quality Growth 81
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 54
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hainan Shennong Seed Industry Technology Co., Ltd. engages in the breeding, production, and sale of hybrid rice seeds in China.

Full company description

Hainan Shennong Seed Industry Technology Co., Ltd. engages in the breeding, production, and sale of hybrid rice seeds in China. The company offers fertilizer; smart agricultural management; primary processing of edible agricultural products; retail of edible agricultural products; comprehensive utilization of fishery processing waste; sales of animal husbandry and fishery feed; wholesale of edible agricultural products; retail of aquatic products; marine environmental services; technical services, technical development, technical consultation, technical exchange, technology transfer, and technology promotion; wholesale of aquatic products; sales of specialized machinery for agriculture, forestry, animal husbandry, sideline production, and fishery; and leisure and sightseeing activities. It also engages in production of main crop seeds; operation of crop seeds; wholesale of pesticides; production of feed; production of food; aquaculture; production of aquatic seedlings; fishing; production of health food; sale of food; import and export of crop seeds; and import and export of aquatic seedlings. The company was formerly Hainan Shennong Technology Co., Ltd. and changed its name to Hainan Shennong Seed Industry Technology Co., Ltd. in July 2024. Hainan Shennong Seed Industry Technology Co., Ltd. was founded in 2000 and is based in Haikou City, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hainan Shennong Technology Co Ltd reported revenue of 249M CNY in FY2025 versus 148M CNY in FY2021, a compound +13.9%/yr. Reported net income was 107M CNY in FY2025.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
249M CNY
Latest YoY
+59.2%
Avg. revenue 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.
+9.3%
Avg. revenue 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.
+14.0%
Avg. revenue growth/yr (18Y) 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.
+2.9%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +13.9%/yr
FY21 148M CNY
FY22 191M CNY
FY23 167M CNY
FY24 157M CNY
FY25 249M CNY
Net income
FY21 −56.8M CNY
FY22 −64.6M CNY
FY23 −36.0M CNY
FY24 −50.6M CNY
FY25 107M CNY

300189 screens 100% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Hainan Shennong Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300189

Peer Group

Agricultural Inputs · 178 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 58 · Above median
Fair Value upside −50% · Bottom 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) −4% · Bottom 25%
Revenue growth −28% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.32× · Higher than 75% of peers

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 57.2× · Pricier than 75% of peers
P/B 7.23× · Pricier than 75% of peers
P/S (TTM) 21.10× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 20
FUTURE0 · sector 43
PAST63 · sector 24
HEALTH84 · sector 97
DIVIDEND3 · sector 39

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

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10 more Agricultural Inputs stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

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SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
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Yunnan Yuntianhua Co 600096 ¥31.58 ¥42.12 +33%
The Mosaic Company MOS $23.60 $28.68 +22%
Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 ¥45.86 ¥38.01 −17%
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Frequently asked questions

Is Hainan Shennong Technology Co Ltd (300189) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of ¥3.15 versus a price of ¥6.29, about −50% upside (overvalued).
What is the fair value of 300189?
Our model-based fair value for Hainan Shennong Technology Co Ltd is ¥3.15 (as of Sep 1, 2026), built from audited fundamentals. The current price: ¥6.29.
What is the quality score of 300189?
Hainan Shennong Technology Co Ltd has a Quality Score of 58/100. 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 Hainan Shennong Technology Co Ltd (300189)?
Hainan Shennong Technology Co Ltd reported trailing-twelve-month revenue of about 238M CNY (latest available figure, as of Sep 1, 2026).
What is the net profit margin of 300189?
The net profit margin of Hainan Shennong Technology Co Ltd is about 47.6%, meaning it keeps roughly 47.6% of revenue as net income. Based on the latest reported figures.
Does Hainan Shennong Technology Co Ltd pay a dividend?
Hainan Shennong Technology Co Ltd currently shows a dividend yield of about 0.17% relative to its recent price (as of Sep 1, 2026).
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