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Foshan Haitian Flavouring and Food Company (3288) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$177B

FH Foshan Haitian Flavouring and Food Company 3288 · HK
PriceHK$32.74
Fair ValueHK$27.45
Upside-16.2%
Quality70/100
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Healthy Growth
Highly profitable · 24.6% net margin
Low debt · generates free cash flow
3.55% dividend yield
Mixed vs. peers (8/15)
Wide moat 86/100
Evidence: High Range HK$20.36 – HK$33.10 Share as image

Fair value as of: Jul 7, 2026

From 26 valuation models · updated 34 days ago

Share price +8.6% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from HK$20.36 (bear) to HK$33.10 (bull), base HK$27.45. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 70/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (14 months)

HK$37.11 HK$29.00 Fair Value HK$27.45 Jun 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 7, 2026.

How to read this chart

14‑month range HK$29.00 – HK$37.11 · fair‑value band HK$20.36 – HK$33.10 · the HK$32.74 price screens above the HK$27.45 fair value. As of Jul 7, 2026.

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Analysis

Foshan Haitian Flavouring and Food Company (3288) currently trades at HK$32.74, while our model-based Fair Value estimate is HK$27.45, implying the stock looks roughly 16.2% overvalued today. The Quality Score stands at 70/100 (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, Foshan Haitian Flavouring and Food Company generated revenue of HK$29.6B at a net margin of 24.6%. Revenue grew 8.6% year over year. It earns a return on equity of 19.1%. The stock trades on a trailing P/E of 21.0. Fundamentals as of Jul 7, 2026

Our scenario range runs from HK$20.36 (bear case) to HK$33.10 (bull case); at HK$32.74, 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 12% below its 52-week high and 15% 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 -16%, 3288 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
Growth DCF HK$16.78 HK$22.60 HK$30.84 80
Residual Income HK$7.74 HK$9.43 HK$19.38 76
Rev-Margin DCF HK$11.09 HK$13.90 HK$17.14 74
All 26 models by family
DCF Models
FCF DCF HK$16.53 HK$23.03 HK$32.77 38
Owner Earnings HK$16.77 HK$23.40 HK$33.33 31
5Y Revenue Exit HK$11.09 HK$13.73 HK$16.91 39
5Y EBITDA Exit HK$16.32 HK$23.39 HK$31.49 41
5Y P/E Exit HK$19.93 HK$30.06 HK$40.55 38
10Y Revenue Exit HK$12.84 HK$15.68 HK$19.16 36
10Y EBITDA Exit HK$16.28 HK$22.34 HK$30.16 37
10Y P/E Exit HK$18.57 HK$26.94 HK$37.00 35
Earnings-Based
Graham-Dodd HK$8.18 HK$23.83 HK$31.47 54
Lynch FV HK$4.95 HK$7.07 HK$9.19 50
PEG = 1.0 HK$4.95 HK$7.07 HK$9.19 46
EPV HK$14.45 HK$16.16 HK$17.66 59
Dividend Discount
Gordon GGM HK$9.91 HK$20.60 HK$32.67 70
DDM Multi-Stage HK$9.91 HK$15.92 HK$21.62 61
Multiples
P/E Multiple HK$19.85 HK$26.46 HK$33.08 63
P/S Multiple HK$4.44 HK$5.92 HK$7.40 58
P/B Multiple HK$15.34 HK$20.45 HK$25.56 55
EV/EBIT HK$22.60 HK$28.73 HK$34.87 53
EV/EBITDA HK$17.75 HK$22.26 HK$26.78 54
EV/Revenue HK$8.34 HK$10.12 HK$11.89 43
Asset-Based
NCAV (Graham) HK$3.53 HK$4.73 HK$7.06 50
Growth DCF
Growth DCF HK$16.78 HK$22.60 HK$30.84 80
Rev-Margin DCF HK$11.09 HK$13.90 HK$17.14 74
Economic Profit
Residual Income HK$7.74 HK$9.43 HK$19.38 76
ROIC Compounder HK$14.98 HK$17.44 HK$20.07 72
Growth Earnings
Growth-Adj P/E HK$15.98 HK$22.82 HK$29.67 68

Widest divergence: DCF Models (HK$23.03) versus Asset-Based (HK$4.73). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$29.6B
Revenue growth (YoY) +8.6%
Net margin 24.6%
Return on equity 19.1%
Free cash flow HK$6.5B FY2025
P/E ratio 21.0
More key figures
Operating margin 31.1%
EPS (TTM) HK$1.34
Dividend yield 3.6%
EPS growth (YoY) +5.0%

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 53

Profitability 63
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 79
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

Foshan Haitian Flavouring and Food Company Ltd. engages in the production and sale of condiments, food and agricultural products, and beverages in China. The company offers soybean paste, soy sauce, flavoured sauce, oyster sauce, vinegar, cooking wine, and compound seasonings.

Full company description

Foshan Haitian Flavouring and Food Company Ltd. engages in the production and sale of condiments, food and agricultural products, and beverages in China. The company offers soybean paste, soy sauce, flavoured sauce, oyster sauce, vinegar, cooking wine, and compound seasonings. It also engages in packaging materials and glass bottles packaging and catering services. The company exports its products worldwide. The company was founded in 1955 and is headquartered in Foshan, China. Foshan Haitian Flavouring and Food Company Ltd. operates as a subsidiary of Guangdong Haitian Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Foshan Haitian Flavouring and Food Company reported revenue of HK$28.9B in FY2025 versus HK$25.0B in FY2021, a compound +3.7%/yr. Reported net income was HK$7.0B in FY2025, compounding +1.4%/yr from FY2021.

Growth Quality 77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$28.9B
Latest YoY
+7.3%
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.
+4.1%
Revenue +3.7%/yr
FY21 HK$25.0B
FY22 HK$25.6B
FY23 HK$24.6B
FY24 HK$26.9B
FY25 HK$28.9B
Net income +1.4%/yr
FY21 HK$6.7B
FY22 HK$6.2B
FY23 HK$5.6B
FY24 HK$6.3B
FY25 HK$7.0B

3288 screens 16% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Foshan Haitian Flavouring and Food Company Fair Value". https://www.fairvalue-calculator.com/stock/3288

Peer Group

Packaged Foods · 649 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 70 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 9% · Above median
Dividend yield (TTM) 3.6% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 21.0× · Pricier than median
P/B 4.28× · Pricier than 75% of peers
P/S (TTM) 5.99× · Pricier than 75% of peers
P/FCF 3.5× · Pricier than median
EV/EBITDA 16.9× · Pricier than 75% of peers
PEG 1.84× · Pricier 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 12 · sector 28
FUTURE 43 · sector 20
PAST 77 · sector 27
HEALTH 100 · sector 96
DIVIDEND 71 · 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 7, 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 Foshan Haitian Flavouring and Food Company (3288) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of HK$27.45 versus a price of HK$32.74, about −16% (overvalued).
What is the fair value of 3288?
Our model-based fair value for Foshan Haitian Flavouring and Food Company is HK$27.45 (as of Jul 7, 2026), built from audited fundamentals. The current price is HK$32.74.
What is the quality score of 3288?
Foshan Haitian Flavouring and Food Company has a Quality Score of 70/100. 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 Foshan Haitian Flavouring and Food Company (3288)?
Foshan Haitian Flavouring and Food Company reported trailing-twelve-month revenue of about HK$29.6B (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 3288?
The net profit margin of Foshan Haitian Flavouring and Food Company is about 24.6%, meaning it keeps roughly 24.6% of revenue as net income. Based on the latest reported figures.
Does Foshan Haitian Flavouring and Food Company pay a dividend?
Foshan Haitian Flavouring and Food Company currently shows a dividend yield of about 3.55% relative to its recent price (as of Jul 7, 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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