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Wens Foodstuff Group (300498) Fair Value & Analysis

Consumer Defensive · CN · Market cap 90.4B CNY

WF Wens Foodstuff Group 300498 · SHE
Price¥13.55
Fair Value¥12.08
Upside-10.9%
Quality49/100
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Expensive Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
3.56% dividend yield
Trails peers (2/14)
Narrow moat 29/100
Evidence: High Range ¥6.15 – ¥17.18 Share as image

Fair value as of: Jul 20, 2026

From 25 valuation models · updated 18 days ago

Share price −0.7% over the past month.

Below-average quality, and screening another 11% overvalued on our models.

What matters now

  • The model range is unusually wide (¥6.15 to ¥17.18). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Our model range runs from ¥6.15 (bear) to ¥17.18 (bull), base ¥12.08. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥23.92 ¥11.40 Fair Value ¥12.08 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range ¥11.40 – ¥23.92 · fair‑value band ¥6.15 – ¥17.18 · the ¥13.55 price screens above the ¥12.08 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Wens Foodstuff Group (300498) currently trades at ¥13.55, while our model-based Fair Value estimate is ¥12.08, implying the stock looks roughly 10.9% overvalued today. We read business quality at 49/100 (below-average 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, Wens Foodstuff Group generated revenue of 104B CNY at a net margin of 2.1%. Revenue grew 0.3% year over year. It earns a return on equity of 5.2%. Net debt stands at 8.7B CNY. Fundamentals as of Jul 20, 2026

Our scenario range runs from ¥6.15 (bear case) to ¥17.18 (bull case); at ¥13.55, the current price sits within 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 32% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -11%, 300498 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥0.6900 ¥2.03 ¥4.22 80
Residual Income ¥5.95 ¥6.98 ¥12.13 76
Rev-Margin DCF ¥4.53 ¥9.55 ¥15.75 74
All 25 models by family
DCF Models
FCF DCF ¥0.6900 ¥2.09 ¥4.43 38
5Y Revenue Exit ¥4.53 ¥9.75 ¥16.85 39
5Y EBITDA Exit ¥9.39 ¥19.43 ¥31.93 41
5Y P/E Exit ¥6.55 ¥13.77 ¥21.89 38
10Y Revenue Exit ¥2.92 ¥7.42 ¥14.29 36
10Y EBITDA Exit ¥6.36 ¥14.38 ¥26.49 37
10Y P/E Exit ¥4.50 ¥10.31 ¥18.37 35
Earnings-Based
Graham-Dodd ¥5.35 ¥21.80 ¥29.68 54
Lynch FV ¥5.46 ¥7.80 ¥10.15 50
PEG = 1.0 ¥5.46 ¥7.80 ¥10.15 46
EPV ¥6.17 ¥7.41 ¥8.50 59
Dividend Discount
Gordon GGM ¥5.12 ¥10.65 ¥16.89 70
DDM Multi-Stage ¥5.12 ¥8.98 ¥11.17 61
Multiples
P/E Multiple ¥11.80 ¥15.74 ¥19.67 63
P/S Multiple ¥10.03 ¥13.37 ¥16.72 58
P/B Multiple ¥10.03 ¥13.37 ¥16.72 55
EV/EBIT ¥10.46 ¥14.37 ¥18.29 53
EV/EBITDA ¥15.18 ¥20.66 ¥26.15 54
EV/Revenue ¥6.63 ¥10.02 ¥13.41 43
Asset-Based
NCAV (Graham) ¥3.16 ¥4.24 ¥6.32 50
Growth DCF
Growth DCF ¥0.6900 ¥2.03 ¥4.22 80
Rev-Margin DCF ¥4.53 ¥9.55 ¥15.75 74
Economic Profit
Residual Income ¥5.95 ¥6.98 ¥12.13 76
ROIC Compounder ¥6.17 ¥8.43 ¥11.63 72
Growth Earnings
Growth-Adj P/E ¥9.21 ¥13.16 ¥17.11 68

Widest divergence: Multiples (¥13.37) versus Growth DCF (¥2.03). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 104B CNY
Revenue growth (YoY) +0.3%
Net margin 2.1%
Return on equity 5.2%
Free cash flow 1.1B CNY FY2025
P/E ratio 39.1
More key figures
Operating margin -1.9%
EPS (TTM) ¥0.3300
Dividend yield 3.9%
EPS growth (YoY) -61.5%
Net debt 8.7B CNY FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 54 · Market factors (momentum, volatility) 40

Profitability 45
Margins and returns on capital today
Quality Growth 19
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 90
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

Wens Foodstuff Group Co., Ltd., together with its subsidiaries, engages in the agricultural and animal husbandry businesses in China and internationally. It operates through five segments: Aquaculture Industry; Engineering and Equipment Manufacturing; Meat Processing; Animal Health Industry; and Other Industries.

Full company description

Wens Foodstuff Group Co., Ltd., together with its subsidiaries, engages in the agricultural and animal husbandry businesses in China and internationally. It operates through five segments: Aquaculture Industry; Engineering and Equipment Manufacturing; Meat Processing; Animal Health Industry; and Other Industries. The company breeds, farms, and sells livestock and poultry, including chickens, pigs, ducks, geese, pigeons, waterfowls, laying hens, and other breeds. It also offers room and low temperature dairy products; poultry and livestock products; chicken, pork, fresh eggs and related products, cooked food, and raw milk under the Wens brand name. In addition, the company is involved in livestock and poultry slaughtering and deep processing, as well as dairy processing; farm planning and design, civil engineering, agricultural and livestock equipment manufacturing and procurement, IoT environmental control, environmental protection, and breeding services; financial investment, industrial investment, and merger and acquisition businesses; and veterinary biological products, veterinary drug preparations, and feed additives. It exports its products. The company was formerly known as Guangdong Wens Foodstuff Group Co., Ltd. and changed its name to Wens Foodstuff Group Co., Ltd. in August 2018. Wens Foodstuff Group Co., Ltd. was founded in 1983 and is headquartered in Yunfu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wens Foodstuff Group reported revenue of ¥104B in FY2025 versus ¥65.0B in FY2021, a compound +12.5%/yr. Reported net income was ¥5.2B in FY2025.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
104B CNY
Latest YoY
−0.9%
Avg. growth/yr (3Y)
+7.5%
Avg. growth/yr (5Y)
+6.8%
Avg. growth/yr (20Y)
+15.2%
Revenue +12.5%/yr
FY21 ¥65.0B
FY22 ¥83.7B
FY23 ¥89.9B
FY24 ¥105B
FY25 ¥104B
Net income
FY21 −¥13.4B
FY22 ¥5.3B
FY23 −¥6.4B
FY24 ¥9.2B
FY25 ¥5.2B

300498 screens 11% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Wens Foodstuff Group Fair Value". https://www.fairvalue-calculator.com/stock/300498

Peer Group

Farm Products · 293 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 49 · Below median
Fair Value upside −11% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 41.2× · Pricier than 75% of peers
P/B 2.15× · Pricier than 75% of peers
P/S (TTM) 0.87× · Pricier than median
P/FCF 12.5× · Pricier than 75% of peers
EV/EBITDA 12.2× · 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 19 · sector 28
FUTURE 2 · sector 24
PAST 21 · sector 16
HEALTH 89 · sector 94
DIVIDEND 71 · sector 39

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 Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%
PT Nusantara Sawit Sejahtera Tbk NSSS 700.00 IDR 448.40 IDR -36%

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Frequently asked questions

Is Wens Foodstuff Group (300498) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of ¥12.08 versus a price of ¥13.55, about −11% (overvalued).
What is the fair value of 300498?
Our model-based fair value for Wens Foodstuff Group is ¥12.08 (as of Jul 20, 2026), built from audited fundamentals. The current price is ¥13.55.
What is the quality score of 300498?
Wens Foodstuff Group has a Quality Score of 49/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Wens Foodstuff Group (300498)?
Wens Foodstuff Group reported trailing-twelve-month revenue of about 104B CNY (latest available figure, as of Jul 20, 2026).
What is the net profit margin of 300498?
The net profit margin of Wens Foodstuff Group is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Wens Foodstuff Group pay a dividend?
Wens Foodstuff Group currently shows a dividend yield of about 3.90% relative to its recent price (as of Jul 20, 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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