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Ligao Foods Co (300973) Fair Value & Analysis

Consumer Defensive · CN · Market cap 4.2B CNY

LF Ligao Foods Co 300973 · SHE
Price¥24.84
Fair Value¥37.79
Upside+52.1%
Quality61/100
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Expensive Growth
Thin margins · 6.4% net margin
Low debt · negative free cash flow
2.76% dividend yield
Ranks above peers (9/13)
Moderate moat 45/100
Evidence: Medium Range ¥28.34 – ¥47.23 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Share price −1.0% over the past month.

A solid business, screening 52% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥28.34). The market is more pessimistic than our downside scenario.
  • Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥165.69 ¥21.95 Fair Value ¥37.79 Apr 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 ¥21.95 – ¥165.69 · fair‑value band ¥28.34 – ¥47.23 · the ¥24.84 price screens below the ¥37.79 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Ligao Foods Co (300973) currently trades at ¥24.84, while our model-based Fair Value estimate is ¥37.79, implying the stock looks roughly 52.1% undervalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Ligao Foods Co generated revenue of 4.4B CNY at a net margin of 6.4%. Revenue grew 0.3% year over year. It earns a return on equity of 10.2%. Net debt stands at 586M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥28.34 (bear case) to ¥47.23 (bull case); at ¥24.84, the current price sits below 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 54% below its 52-week high and 2% 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 52%, 300973 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 ¥14.16 ¥16.18 ¥29.61 76
ROIC Compounder ¥18.79 ¥27.31 ¥34.61 72
Growth-Adj P/E ¥30.16 ¥43.09 ¥56.02 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥12.24 ¥72.66 ¥101.22 54
Lynch FV ¥20.66 ¥29.51 ¥38.36 50
PEG = 1.0 ¥20.66 ¥29.51 ¥38.36 46
EPV ¥17.55 ¥20.59 ¥23.21 59
Multiples
P/E Multiple ¥28.34 ¥37.79 ¥47.23 63
P/S Multiple ¥22.94 ¥30.59 ¥38.24 58
P/B Multiple ¥22.94 ¥30.59 ¥38.24 55
EV/EBIT ¥30.65 ¥41.43 ¥52.21 53
EV/EBITDA ¥34.09 ¥46.01 ¥57.94 54
EV/Revenue ¥21.39 ¥31.29 ¥41.18 43
Asset-Based
NCAV (Graham) ¥7.88 ¥10.56 ¥15.76 50
Economic Profit
Residual Income ¥14.16 ¥16.18 ¥29.61 76
ROIC Compounder ¥18.79 ¥27.31 ¥34.61 72
Growth Earnings
Growth-Adj P/E ¥30.16 ¥43.09 ¥56.02 68

Widest divergence: Growth Earnings (¥43.09) versus Asset-Based (¥10.56). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.4B CNY
Revenue growth (YoY) +0.3%
Net margin 6.4%
Return on equity 10.2%
Free cash flow −2.7M CNY FY2025
P/E ratio 14.9
More key figures
Operating margin 8.8%
EPS (TTM) ¥1.68
Dividend yield 2.8%
EPS growth (YoY) -26.0%
Net debt 586M CNY FY2025

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 24

Profitability 50
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 39
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 100
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

Ligao Foods Co.,Ltd. together with its subsidiaries, engages in the research and development, production, and selling of baked food raw material and frozen baked foods in China. It offers cream, chocolate, fruit product, snack food, filling series, as well as milk cream and cheese sauce.

Full company description

Ligao Foods Co.,Ltd. together with its subsidiaries, engages in the research and development, production, and selling of baked food raw material and frozen baked foods in China. It offers cream, chocolate, fruit product, snack food, filling series, as well as milk cream and cheese sauce. The company also provides bakery food raw materials, including butter, fruit products, and sauces; fruit products, such as fruit fillings, fruit solubles, fruit purees, and beverage concentrates; and salad dressing, canstarch dressings, oil, and other products. In addition, it provides warehousing and transportations services. Ligao Foods Co.,Ltd. was founded in 2000 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ligao Foods Co reported revenue of ¥4.4B in FY2025 versus ¥2.8B in FY2021, a compound +11.5%/yr. Reported net income was ¥305M in FY2025, compounding +1.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.4B CNY
Latest YoY
+13.5%
Avg. growth/yr (3Y)
+14.4%
Avg. growth/yr (5Y)
+19.2%
Avg. growth/yr (8Y)
+20.9%
Revenue +11.5%/yr
FY21 ¥2.8B
FY22 ¥2.9B
FY23 ¥3.5B
FY24 ¥3.8B
FY25 ¥4.4B
Net income +1.9%/yr
FY21 ¥283M
FY22 ¥144M
FY23 ¥73.0M
FY24 ¥268M
FY25 ¥305M

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Cite: Fair Value Calculator (2026). "Ligao Foods Co Fair Value". https://www.fairvalue-calculator.com/stock/300973

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 61 · Above median
Fair Value upside +52% · Top 25%
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 14.9× · Cheaper than median
P/B 1.58× · Pricier than median
P/S (TTM) 0.97× · Pricier than median
EV/EBITDA 7.8× · Cheaper 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 100 · sector 29
FUTURE 2 · sector 19
PAST 41 · sector 27
HEALTH 83 · sector 96
DIVIDEND 55 · 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 Ligao Foods Co (300973) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥37.79 versus a price of ¥24.84, about +52% (undervalued).
What is the fair value of 300973?
Our model-based fair value for Ligao Foods Co is ¥37.79 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥24.84.
What is the quality score of 300973?
Ligao Foods Co has a Quality Score of 61/100. 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 Ligao Foods Co (300973)?
Ligao Foods Co reported trailing-twelve-month revenue of about 4.4B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300973?
The net profit margin of Ligao Foods Co is about 6.4%, meaning it keeps roughly 6.4% of revenue as net income. Based on the latest reported figures.
Does Ligao Foods Co pay a dividend?
Ligao Foods Co currently shows a dividend yield of about 2.76% 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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