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Dahu Aquaculture Co Ltd (600257) Fair Value & Analysis

Consumer Defensive · CN · Market cap 2.5B CNY (≈ $377M) · ISIN CNE0000012Z4

What is Dahu Aquaculture Co Ltd really worth?

DA Dahu Aquaculture Co Ltd 600257 · SHG
Price¥5.89
Fair Value¥3.09
Upside−47.5%
Quality63/100

A solid business, but trading 91% above our fair value of ¥3.09.

As of Sep 6, 2026, the fair value of Dahu Aquaculture Co Ltd is ¥3.09 per share against a price of ¥5.89, so the fair value sits 48% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −0.4 %/yr)
!Thin margins · 0.6% net margin
!Trails peers (4/14)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain
!Weak on past: 15 out of 100
!Weak on dividend: 10 out of 100
Evidence: Low Range ¥1.48 – ¥4.76

Fair value as of: Sep 6, 2026

From 26 valuation models · updated today

Fair value updated Sep 6, 2026, revised from ¥0.4600 to ¥3.09 (+571.7%) since Aug 13, 2026. Share price +14.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (¥4.76). The favourable scenario is already priced in.
  • The model range is unusually wide (¥1.48 to ¥4.76). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥10.13 ¥4.04 Fair Value ¥3.09 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.

How to read this chart

60‑month range ¥4.04 – ¥10.13 · fair‑value band ¥1.48 – ¥4.76 · the ¥5.89 price screens above the ¥3.09 fair value. Dashed = 300-day average. As of Sep 6, 2026.

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Analysis

Dahu Aquaculture Co Ltd (600257) currently trades at ¥5.89, while our model-based Fair Value estimate is ¥3.09, implying the stock looks roughly 90.6% overvalued today. The Quality Score stands at 63/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth DCF group reads highest at a median of ¥4.42 per share, and 3 of the 26 models we run sit above the ¥5.89 price. Bear case: the Dividend Discount group reads lowest at ¥0.3600, and 23 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Dahu Aquaculture Co Ltd generated revenue of 919M CNY at a net margin of 0.6%. Revenue declined 0.9% year over year. It earns a return on equity of 3.7%. Net debt stands at 464M CNY. Fundamentals as of Sep 6, 2026

Our scenario range runs from ¥1.48 (bear case) to ¥4.76 (bull case); at ¥5.89, 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 26% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at −48%, 600257 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.0068 per share, which is 0.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ¥5.37 ¥8.10 ¥12.20 80
Growth DCF ¥5.41 ¥7.77 ¥11.08 79
Owner Earnings ¥1.90 ¥2.65 ¥3.78 77
All 26 models by family
DCF Models
FCF DCF ¥5.37 ¥8.10 ¥12.20 80
Owner Earnings ¥1.90 ¥2.65 ¥3.78 77
5Y Revenue Exit ¥3.25 ¥4.36 ¥5.72 74
5Y EBITDA Exit ¥3.98 ¥5.74 ¥7.78 76
5Y P/E Exit ¥2.38 ¥2.69 ¥2.97 72
10Y Revenue Exit ¥3.94 ¥5.15 ¥6.69 68
10Y EBITDA Exit ¥4.44 ¥6.09 ¥8.26 69
10Y P/E Exit ¥3.44 ¥4.00 ¥4.60 65
Earnings-Based
Graham-Dodd ¥0.0700 ¥0.2400 ¥0.3300 64
Lynch FV ¥0.0600 ¥0.0800 ¥0.1000 61
PEG = 1.0 ¥0.0600 ¥0.0800 ¥0.1000 57
EPV ¥1.44 ¥1.57 ¥1.69 74
Dividend Discount
Gordon GGM ¥0.2100 ¥0.4300 ¥0.6400 67
DDM Multi-Stage ¥0.2100 ¥0.3600 ¥0.4500 67
Multiples
P/E Multiple ¥0.1700 ¥0.2200 ¥0.2800 63
P/S Multiple ¥0.1300 ¥0.1800 ¥0.2200 58
P/B Multiple ¥0.1300 ¥0.1800 ¥0.2200 55
EV/EBIT ¥2.78 ¥3.52 ¥4.25 66
EV/EBITDA ¥3.52 ¥4.50 ¥5.48 67
EV/Revenue ¥2.15 ¥2.83 ¥3.50 54
Asset-Based
NCAV (Graham) ¥0.8300 ¥1.12 ¥1.67 54
Growth DCF
Growth DCF ¥5.41 ¥7.77 ¥11.08 79
Rev-Margin DCF ¥3.25 ¥4.42 ¥5.82 74
Economic Profit
Residual Income ¥1.12 ¥1.04 ¥0.7200 76
ROIC Compounder ¥1.44 ¥1.57 ¥1.72 72
Growth Earnings
Growth-Adj P/E ¥0.1400 ¥0.2000 ¥0.2600 67

Widest divergence: Growth DCF (¥4.42) versus Earnings-Based (¥0.0800). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 589.0
P/S ratio 3.24 P/E × margin
EPS (TTM) ¥0.0100 price ÷ EPS = P/E 589.0
Dividend yield 0.5%
Net margin 0.6% FY2025
Return on equity 3.7% TTM
More key figures
Profitability
Return on assets (EBIT) −1.1% avg 5y
Operating margin 12.4% TTM
Growth
Revenue (TTM) 919M CNY TTM
Revenue growth (YoY) −0.9% 3y avg −5.6%
EPS growth (YoY) −17.4%
Balance sheet & cash flow
Free cash flow 208M CNY FY2025
Net debt 464M CNY FY2024 · ≈ 2.2 yrs of FCF

Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 49

Profitability 21
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 94
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 80
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Dahu Health Industry Co., Ltd., together with its subsidiaries, engages in the aquatic products, wine and spirits, healthcare, and other businesses primarily in China. It offers chilled and frozen aquatic products; and wine products. In addition, the company sells pearl jewelry and health products.

Full company description

Dahu Health Industry Co., Ltd., together with its subsidiaries, engages in the aquatic products, wine and spirits, healthcare, and other businesses primarily in China. It offers chilled and frozen aquatic products; and wine products. In addition, the company sells pearl jewelry and health products. Further, it offers patient care, rehabilitation, and nursing services, including neurological, bone and joint, geriatric, cardiopulmonary, pediatric rehabilitation, basic living care, and end-of-life care. The company was formerly known as Dahu Aquaculture Co., Ltd. and changed its name to Dahu Health Industry Co., Ltd. in October 2025. Dahu Health Industry Co., Ltd. was founded in 1999 and is based in Changde, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dahu Aquaculture Co Ltd reported revenue of 920M CNY in FY2025 versus 1.3B CNY in FY2021, a compound −8.1%/yr. Reported net income was 5.1M CNY in FY2025.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
920M CNY
Latest YoY
−11.9%
Avg. revenue 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.
−5.6%
Avg. revenue 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.
−0.4%
Avg. revenue growth/yr (28Y) 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.
+18.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+4.4% · in CNY
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+3.9%
Dividend yield0.5%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 3.9% vs 10Y −2.7%, picking up
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3.1% (2020) → 9.1% (2025) · rising
Worst earnings drop1,393% (2021) (loss year, drop beyond 100%) · in CNY
Revenue −8.1%/yr
FY21 1.3B CNY
FY22 1.1B CNY
FY23 1.2B CNY
FY24 1.0B CNY
FY25 920M CNY
Net income
FY21 −180M CNY
FY22 −71.5M CNY
FY23 −8.2M CNY
FY24 −77.0M CNY
FY25 5.1M CNY

600257 screens 91% overvalued. Compare with Archer-Daniels-Midland Company →

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Cite: Fair Value Calculator (2026). "Dahu Aquaculture Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600257

Peer Group

Farm Products · 292 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 63 · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 12% · Above median
Revenue growth −1% · Below median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 589.0× · Pricier than 75% of peers
P/B 3.15× · Pricier than 75% of peers
P/S (TTM) 2.76× · Pricier than 75% of peers
P/FCF 1.8× · Pricier than median
EV/EBITDA 22.6× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 27
FUTURE0 · sector 21
PAST15 · sector 19
HEALTH97 · sector 94
DIVIDEND10 · sector 49

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

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).

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Archer-Daniels-Midland Company ADM $81.54 $38.02 −53%
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Wens Foodstuff Group 300498 ¥13.80 ¥11.18 −19%
Mowi ASA MOWI kr 201.80 kr 256.14 +27%
Fujian Wanchen Food Group 300972 ¥201.06 ¥143.09 −29%
United Plantations Berhad 2089 32.60 MYR 23.34 MYR −28%
Charoen Pokphand Foods Public Company CPF 23.40 THB 43.24 THB +85%
PT Charoen Pokphand Indonesia Tbk, CPIN 2,960 IDR 6,818 IDR +130%

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Frequently asked questions

Is Dahu Aquaculture Co Ltd (600257) overvalued or undervalued?
As of Sep 6, 2026, our model estimates a fair value of ¥3.09 versus a price of ¥5.89, about −48% upside (overvalued).
What is the fair value of 600257?
Our model-based fair value for Dahu Aquaculture Co Ltd is ¥3.09 (as of Sep 6, 2026), built from audited fundamentals. The current price: ¥5.89.
What is the quality score of 600257?
Dahu Aquaculture Co Ltd has a Quality Score of 63/100. 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 price target for Dahu Aquaculture Co Ltd (600257)?
Our model-based price target is the fair value of ¥3.09 (as of Sep 6, 2026) from 26 valuation models. Cautious scenario ¥1.48, optimistic scenario ¥4.76. It is a calculation from audited fundamentals, not an analyst target.
What is the Dahu Aquaculture Co Ltd stock forecast for 2026?
Our models put fair value at ¥3.09, about −48% upside versus a price of ¥5.89 (overvalued). Cautious scenario ¥1.48, optimistic scenario ¥4.76. The calculation is refreshed regularly with new filings.
What is the revenue of Dahu Aquaculture Co Ltd (600257)?
Dahu Aquaculture Co Ltd reported trailing-twelve-month revenue of about 919M CNY (latest available figure, as of Sep 6, 2026).
What is the net profit margin of 600257?
The net profit margin of Dahu Aquaculture Co Ltd is about 0.6%, meaning it keeps roughly 0.6% of revenue as net income. Based on the latest reported figures.
Does Dahu Aquaculture Co Ltd pay a dividend?
Dahu Aquaculture Co Ltd currently shows a dividend yield of about 0.48% relative to its recent price (as of Sep 6, 2026).
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