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Zhongjing Food Co (300908) Fair Value & Analysis

Consumer Defensive · CN · Market cap 3.4B CNY

ZF Zhongjing Food Co 300908 · SHE
Price¥23.82
Fair Value¥23.81
Upside0.0%
Quality67/100
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Mixed Growth
Solidly profitable · 17.9% net margin
generates free cash flow
4.19% dividend yield
Ranks above peers (9/13)
Moderate moat 62/100
Evidence: High Range ¥13.87 – ¥31.71 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

Share price +3.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥13.87 to ¥31.71) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥46.75 ¥18.13 Fair Value ¥23.81 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥18.13 – ¥46.75 · fair‑value band ¥13.87 – ¥31.71 · the ¥23.82 price screens above the ¥23.81 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Zhongjing Food Co (300908) currently trades at ¥23.82, while our model-based Fair Value estimate is ¥23.81, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 67/100 (solid 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, Zhongjing Food Co generated revenue of 1.1B CNY at a net margin of 17.9%. Revenue grew 6.8% year over year. It earns a return on equity of 10.9%. The balance sheet holds a net cash position of 415M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥13.87 (bear case) to ¥31.71 (bull case); at ¥23.82, 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 27% below its 52-week high and 3% 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 0%, 300908 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥10.91 ¥12.15 ¥17.97 76
Growth DCF ¥10.60 ¥16.96 ¥26.79 72
Gordon GGM ¥7.04 ¥14.02 ¥21.24 70
All 26 models by family
DCF Models
FCF DCF ¥10.60 ¥17.37 ¥28.11 38
Owner Earnings ¥11.61 ¥19.05 ¥30.86 31
5Y Revenue Exit ¥8.89 ¥14.31 ¥21.43 39
5Y EBITDA Exit ¥14.22 ¥24.89 ¥37.95 41
5Y P/E Exit ¥16.22 ¥28.86 ¥42.91 38
10Y Revenue Exit ¥9.16 ¥14.34 ¥21.77 36
10Y EBITDA Exit ¥12.81 ¥21.76 ¥34.79 37
10Y P/E Exit ¥14.08 ¥24.54 ¥38.71 35
Earnings-Based
Graham-Dodd ¥8.93 ¥35.94 ¥48.88 54
Lynch FV ¥8.96 ¥12.80 ¥16.63 50
PEG = 1.0 ¥8.96 ¥12.80 ¥16.63 46
EPV ¥11.82 ¥13.62 ¥15.17 59
Dividend Discount
Gordon GGM ¥7.04 ¥14.02 ¥21.24 70
DDM Multi-Stage ¥7.04 ¥12.12 ¥14.80 61
Multiples
P/E Multiple ¥20.69 ¥27.59 ¥34.48 63
P/S Multiple ¥8.89 ¥11.86 ¥14.82 58
P/B Multiple ¥16.75 ¥22.33 ¥27.92 55
EV/EBIT ¥18.73 ¥24.84 ¥30.94 53
EV/EBITDA ¥17.75 ¥23.52 ¥29.29 54
EV/Revenue ¥8.21 ¥11.54 ¥14.88 43
Asset-Based
NCAV (Graham) ¥6.16 ¥8.25 ¥12.32 50
Growth DCF
Growth DCF ¥10.60 ¥16.96 ¥26.79 72
Rev-Margin DCF ¥8.89 ¥14.27 ¥20.94 67
Economic Profit
Residual Income ¥10.91 ¥12.15 ¥17.97 76
ROIC Compounder ¥11.82 ¥14.76 ¥19.15 67
Growth Earnings
Growth-Adj P/E ¥15.68 ¥22.40 ¥29.12 68

Widest divergence: Growth Earnings (¥22.40) versus Asset-Based (¥8.25). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.1B CNY
Revenue growth (YoY) +6.8%
Net margin 17.9%
Return on equity 10.9%
Free cash flow 128M CNY FY2025
P/E ratio 17.1
More key figures
Operating margin 20.2%
EPS (TTM) ¥1.35
Dividend yield 4.2%
EPS growth (YoY) +10.9%
Net cash 415M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 64 · Market factors (momentum, volatility) 39

Profitability 51
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 11
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

Zhongjing Food Co., Ltd. engages in the research and development, production, and sale of seasoning food and ingredients in China, and internationally.

Full company description

Zhongjing Food Co., Ltd. engages in the research and development, production, and sale of seasoning food and ingredients in China, and internationally. The company offers mushroom sauce, scallion oil, beef sauce, spicy chicken, red oil, chili sauce, pepper sauce, seasoning oil, red jam, braised fried chicken, and other stir-fry and spicy seasoning ingredients. It also provides mixed noodles and mixed rice noodles; fried rice and noodles, and fried rice noodles; cold dishes; soup noodles, soup rice noodles, and cold skin noodles; cuisine; hot pot, maocai, malatang, skewers, and bobo chicken; barbecue, stuffing, and braised meat; and soup, as well as gift boxes. It serves individuals, families, restaurants, and food production enterprises. Zhongjing Food Co., Ltd. was founded in 2002 and is headquartered in Xixia, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhongjing Food Co reported revenue of ¥1.1B in FY2025 versus ¥806M in FY2021, a compound +7.6%/yr. Reported net income was ¥192M in FY2025, compounding +12.8%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.1B CNY
Latest YoY
−1.4%
Avg. growth/yr (3Y)
+7.1%
Avg. growth/yr (5Y)
+8.3%
Avg. growth/yr (13Y)
+10.8%
Revenue +7.6%/yr
FY21 ¥806M
FY22 ¥882M
FY23 ¥994M
FY24 ¥1.1B
FY25 ¥1.1B
Net income +12.8%/yr
FY21 ¥119M
FY22 ¥126M
FY23 ¥172M
FY24 ¥175M
FY25 ¥192M

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Cite: Fair Value Calculator (2026). "Zhongjing Food Co Fair Value". https://www.fairvalue-calculator.com/stock/300908

Peer Group

Packaged Foods · 653 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 67 · Top 25%
Fair Value upside +0% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 18% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 4.2% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 17.1× · Cheaper than median
P/B 1.87× · Pricier than median
P/S (TTM) 3.06× · Pricier than 75% of peers
P/FCF 3.9× · Pricier than median
EV/EBITDA 12.7× · 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 33 · sector 29
FUTURE 34 · sector 19
PAST 44 · sector 27
HEALTH 0 · sector 96
DIVIDEND 84 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Zhongjing Food Co (300908) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥23.81 versus a price of ¥23.82, about −0% (fairly valued).
What is the fair value of 300908?
Our model-based fair value for Zhongjing Food Co is ¥23.81 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥23.82.
What is the quality score of 300908?
Zhongjing Food Co has a Quality Score of 67/100. 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 Zhongjing Food Co (300908)?
Zhongjing Food Co reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300908?
The net profit margin of Zhongjing Food Co is about 17.9%, meaning it keeps roughly 17.9% of revenue as net income. Based on the latest reported figures.
Does Zhongjing Food Co pay a dividend?
Zhongjing Food Co currently shows a dividend yield of about 4.19% relative to its recent price (as of Jul 9, 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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