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Hangzhou Coco Healthcare Products Co (301009) Fair Value & Analysis

Consumer Defensive · CN · Market cap 2.4B CNY

HC Hangzhou Coco Healthcare Products Co 301009 · SHE
Price¥9.26
Fair Value¥2.79
Upside-69.9%
Quality62/100
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Weak Growth
Thin margins · 1.7% net margin
generates free cash flow
1.33% dividend yield
Trails peers (2/13)
Narrow moat 24/100
Evidence: Medium Range ¥2.09 – ¥3.49 Share as image

Fair value as of: Jul 9, 2026

From 22 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥3.56 to ¥2.79 (−21.6%) since Jun 24, 2026. Share price +11.3% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.49). The favourable scenario is already priced in.
  • Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥33.97 ¥6.78 Fair Value ¥2.79 Jun 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 ¥6.78 – ¥33.97 · fair‑value band ¥2.09 – ¥3.49 · the ¥9.26 price screens above the ¥2.79 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Hangzhou Coco Healthcare Products Co (301009) currently trades at ¥9.26, while our model-based Fair Value estimate is ¥2.79, implying the stock looks roughly 69.9% overvalued today. The Quality Score stands at 62/100 (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: medium).

Over the trailing twelve months, Hangzhou Coco Healthcare Products Co generated revenue of 1.2B CNY at a net margin of 1.7%. Revenue grew 4.0% year over year. It earns a return on equity of 1.5%. The balance sheet holds a net cash position of 505M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥2.09 (bear case) to ¥3.49 (bull case); at ¥9.26, 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 50% 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 -26% fair-value upside, at -70%, 301009 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 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
Residual Income ¥3.49 ¥3.34 ¥2.70 76
Growth DCF ¥6.13 ¥7.11 ¥8.84 72
Growth-Adj P/E ¥1.48 ¥2.11 ¥2.74 68
All 22 models by family
DCF Models
FCF DCF ¥6.01 ¥7.03 ¥8.97 38
Owner Earnings ¥5.02 ¥5.70 ¥7.01 31
5Y Revenue Exit ¥4.84 ¥5.38 ¥6.19 39
5Y EBITDA Exit ¥6.01 ¥7.37 ¥9.22 41
5Y P/E Exit ¥5.27 ¥6.11 ¥7.15 38
10Y Revenue Exit ¥5.26 ¥5.76 ¥6.29 36
10Y EBITDA Exit ¥5.99 ¥7.02 ¥8.16 37
10Y P/E Exit ¥5.54 ¥6.22 ¥6.88 35
Earnings-Based
Graham-Dodd ¥0.9000 ¥1.37 ¥1.63 54
EPV ¥4.05 ¥4.22 ¥4.37 59
Multiples
P/E Multiple ¥2.09 ¥2.79 ¥3.49 63
P/S Multiple ¥1.69 ¥2.26 ¥2.82 58
P/B Multiple ¥1.69 ¥2.26 ¥2.82 55
EV/EBIT ¥4.65 ¥5.21 ¥5.76 53
EV/EBITDA ¥6.49 ¥7.66 ¥8.83 54
EV/Revenue ¥4.17 ¥4.68 ¥5.19 43
Asset-Based
NCAV (Graham) ¥2.47 ¥3.31 ¥4.93 50
Growth DCF
Growth DCF ¥6.13 ¥7.11 ¥8.84 72
Rev-Margin DCF ¥4.84 ¥5.45 ¥6.26 67
Economic Profit
Residual Income ¥3.49 ¥3.34 ¥2.70 76
ROIC Compounder ¥4.05 ¥4.22 ¥4.37 67
Growth Earnings
Growth-Adj P/E ¥1.48 ¥2.11 ¥2.74 68

Widest divergence: DCF Models (¥6.11) versus Earnings-Based (¥1.37). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) +4.0%
Net margin 1.7%
Return on equity 1.5%
Free cash flow 86.9M CNY FY2025
P/E ratio 112.4
More key figures
Operating margin 3.4%
EPS (TTM) ¥0.0800
Dividend yield 1.3%
EPS growth (YoY) -89.8%
Net cash 505M CNY FY2024

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 64 · Market factors (momentum, volatility) 27

Profitability 26
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 57
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

Hangzhou Coco Healthcare Products Co.,Ltd. engages in the research, development, production, and sale of baby care, adult incontinence, and pet hygiene products in China and internationally.

Full company description

Hangzhou Coco Healthcare Products Co.,Ltd. engages in the research, development, production, and sale of baby care, adult incontinence, and pet hygiene products in China and internationally. It offers adult incontinence products, including adult diapers, adult pull-up pants, nursing pads, maternity towels, menstrual pants, absorbent towels, and other products, as well as feminine, cleaning, family, and medical care products. The company was formerly known as Hangzhou Qiaozi Paper Industry Co.,Ltd. and changed its name to Hangzhou Coco Healthcare Products Co.,Ltd. in December 2011. Hangzhou Coco Healthcare Products Co.,Ltd. was incorporated in 2001 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangzhou Coco Healthcare Products Co reported revenue of ¥1.2B in FY2025 versus ¥1.2B in FY2021, a compound −0.8%/yr. Reported net income was ¥36.1M in FY2025, compounding −2.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.2B CNY
Latest YoY
+6.6%
Avg. 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.
−1.0%
Avg. 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.
−6.8%
Avg. growth/yr (8Y) 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.
+4.9%
Revenue −0.8%/yr
FY21 ¥1.2B
FY22 ¥1.2B
FY23 ¥1.1B
FY24 ¥1.1B
FY25 ¥1.2B
Net income −2.4%/yr
FY21 ¥39.7M
FY22 −¥43.1M
FY23 ¥20.2M
FY24 ¥31.2M
FY25 ¥36.1M

301009 screens 70% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Hangzhou Coco Healthcare Products Co Fair Value". https://www.fairvalue-calculator.com/stock/301009

Peer Group

Household & Personal Products · 244 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 62 · Above median
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 4% · Above median
Dividend yield (TTM) 1.3% · Bottom 25%

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 112.4× · Pricier than 75% of peers
P/B 1.82× · Pricier than median
P/S (TTM) 2.10× · Pricier than median
P/FCF 4.2× · Pricier than median
EV/EBITDA 22.6× · 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 0 · sector 28
FUTURE 20 · sector 4
PAST 6 · sector 26
HEALTH 0 · sector 98
DIVIDEND 27 · sector 50

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

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Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Hangzhou Coco Healthcare Products Co (301009) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥2.79 versus a price of ¥9.26, about −70% (overvalued).
What is the fair value of 301009?
Our model-based fair value for Hangzhou Coco Healthcare Products Co is ¥2.79 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥9.26.
What is the quality score of 301009?
Hangzhou Coco Healthcare Products Co has a Quality Score of 62/100. 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 Hangzhou Coco Healthcare Products Co (301009)?
Hangzhou Coco Healthcare Products Co reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301009?
The net profit margin of Hangzhou Coco Healthcare Products Co is about 1.7%, meaning it keeps roughly 1.7% of revenue as net income. Based on the latest reported figures.
Does Hangzhou Coco Healthcare Products Co pay a dividend?
Hangzhou Coco Healthcare Products Co currently shows a dividend yield of about 1.33% 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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