Shandong Homey Aquatic Development Co Ltd (600467) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shandong Homey Aquatic Development Co Ltd ¥0.56, price ¥2.41, upside -76.6%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥1.38 – ¥3.26 · fair‑value band ¥0.3413 – ¥0.7089 · the ¥2.41 price screens above the ¥0.5645 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Shandong Homey Aquatic Development Co.,Ltd. operates in marine food industry in China and internationally.
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Shandong Homey Aquatic Development Co.,Ltd. operates in marine food industry in China and internationally. It offers kelp, seaweed, shellfish, fish, shrimp, jellyfish, and other products, as well as fresh and freeze-dried sea cucumber, frozen sea cucumber, ready-to-eat sea cucumber, and light-dried sea cucumber products; and sea cucumber health products, such as capsules, sea cucumber mucopolysaccharide granules, sea cucumber oral liquid, sea cucumber and American ginseng oral liquid, sea cucumber puree, and liquid sea cucumber products. The company also provides functional marine food, marine health products and medicines. In addition, it sells its products through e-commerce platforms and TV shopping channels. The company was founded in 1993 and is headquartered in Rongcheng, China.
Stock analysis
Shandong Homey Aquatic Development Co Ltd (600467) currently trades at ¥2.41, while our model-based Fair Value estimate is ¥0.5645, implying the stock looks roughly 327.0% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.57 per share, and 1 of the 12 models we run sit above the ¥2.41 price.
Bear case: the Earnings-Based group reads lowest at ¥0.2800, and 11 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.3413 (bear) to ¥0.7089 (bull), the price of ¥2.41 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shandong Homey Aquatic Development Co Ltd reported revenue of 1.1B CNY in FY2025 versus 1.3B CNY in FY2021, a compound −4.3%/yr. Reported net income was 29.9M CNY in FY2025, compounding −18.0%/yr from FY2021.
Key figures
Market cap 3.5B CNY (≈ $526M) · P/E ratio 120.5 · P/S ratio 3.42 · EPS (TTM) ¥0.0200 · Net margin 2.8% · Return on equity 1.0% · Return on assets (EBIT) 1.3% · Operating margin 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 22% 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 −77%, 600467 screens richer than that median.
Fair Value models
Bear ¥0.3413Fair Value ¥0.5645Bull ¥0.7089
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0146 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.26/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−14.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘ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.−15% vs −2%, slowing
Profit margin 2020 to 2025 ⓘ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.6% → 17%
Compare Shandong Homey Aquatic Development Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Farm Products · 298 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−77% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets1% · Below median
Net margin (TTM)3% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.09× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
P/E (TTM)120.5× · Priciest 25%
P/B1.03× · Pricier than median
P/S (TTM)3.22× · Priciest 25%
EV/EBITDA9.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)100· sector 18
PAST (return on equity)4· sector 19
HEALTH (low debt)96· sector 94
DIVIDEND (yield)0· sector 47
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shandong Homey Aquatic Development Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600467
Frequently asked questions
Is Shandong Homey Aquatic Development Co Ltd (600467) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥0.5645 versus a price of ¥2.41, about −77% upside (overvalued).
What is the fair value of 600467?
Our model-based fair value for Shandong Homey Aquatic Development Co Ltd is ¥0.5645 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥2.41.
What is the quality score of 600467?
Shandong Homey Aquatic Development Co Ltd has a Quality Score of 47/100. 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 Shandong Homey Aquatic Development Co Ltd (600467)?
Our model-based price target is the fair value of ¥0.5645 (as of Sep 23, 2026) from 12 valuation models. Cautious scenario ¥0.3413, optimistic scenario ¥0.7089. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Homey Aquatic Development Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.5645, about −77% upside versus a price of ¥2.41 (overvalued). Cautious scenario ¥0.3413, optimistic scenario ¥0.7089. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Homey Aquatic Development Co Ltd (600467)?
Shandong Homey Aquatic Development Co Ltd reported trailing-twelve-month revenue of about 1.1B CNY (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Shandong Homey Aquatic Development Co Ltd (600467)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Homey Aquatic Development Co Ltd it is ¥0.5645 per share (as of Sep 23, 2026), against a price of ¥2.41. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Shandong Homey Aquatic Development Co Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 600467 trades above its calculated fair value: price ¥2.41, fair value ¥0.5645, a gap of about −77% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600467?
No. The price is what the market pays today (¥2.41); the fair value is what the company's own numbers justify (¥0.5645). For Shandong Homey Aquatic Development Co Ltd the two are ¥1.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Homey Aquatic Development Co Ltd worth?
The market values Shandong Homey Aquatic Development Co Ltd at about 3.5B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥2.41; our models calculate a fair value of ¥0.5645 per share.
What do the bullish and bearish scenarios say about 600467?
Our models span a range for Shandong Homey Aquatic Development Co Ltd: cautious scenario ¥0.3413, base ¥0.5645, optimistic ¥0.7089 per share (as of Sep 23, 2026, price ¥2.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600467?
Shandong Homey Aquatic Development Co Ltd trades at a price-to-earnings ratio of 120.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.5645 is built from several models across several years. Other multiples: P/B 1.0, P/S 3.2, EV/EBITDA 9.6.
How solid is the balance sheet of Shandong Homey Aquatic Development Co Ltd (600467)?
Balance-sheet figures for Shandong Homey Aquatic Development Co Ltd (as of Sep 23, 2026): return on equity 1.0%, debt of 0.09 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 600467 from its 52-week high?
Shandong Homey Aquatic Development Co Ltd trades at ¥2.41, about 20% below its 52-week high of ¥3.02 and 22% above the low of ¥1.97 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.5645 is for.
Which stocks are comparable to Shandong Homey Aquatic Development Co Ltd?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shandong Homey Aquatic Development Co Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price ¥2.41, calculated fair value ¥0.5645 (−77%), Quality Score 47/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600467 calculated?
We run Shandong Homey Aquatic Development Co Ltd through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.5645, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Shandong Homey Aquatic Development Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shandong Homey Aquatic Development Co Ltd (600467)?
The closing price on Sep 23, 2026 was ¥2.41. Our model-based fair value is ¥0.5645, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Homey Aquatic Development Co Ltd right now?
The price sits above even our optimistic bull case (¥0.7089). The favourable scenario is already priced in. 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 (47/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥0.3413 to ¥0.7089) leaves room in how you read the outcome.
Where does the earnings growth of Shandong Homey Aquatic Development Co Ltd (600467) come from?
Earnings per share at Shandong Homey Aquatic Development Co Ltd grew −1.5 % a year from 2013 to 2024. Broken into its drivers: revenue per share +4.2 %, EBIT margin +7.1 %, tax rate +0.1 %, residual (interest, one-offs) −11.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shandong Homey Aquatic Development Co Ltd
How large is the market capitalisation of Shandong Homey Aquatic Development Co Ltd (600467)?
The market capitalisation of Shandong Homey Aquatic Development Co Ltd is 3.5B CNY (≈ $526M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shandong Homey Aquatic Development Co Ltd (600467)?
The price-to-sales ratio of Shandong Homey Aquatic Development Co Ltd is 3.42 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shandong Homey Aquatic Development Co Ltd (600467)?
Earnings per share at Shandong Homey Aquatic Development Co Ltd are ¥0.0200 (price ÷ EPS = P/E 120.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shandong Homey Aquatic Development Co Ltd (600467)?
The net margin of Shandong Homey Aquatic Development Co Ltd is 2.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shandong Homey Aquatic Development Co Ltd (600467)?
The return on equity (ROE) of Shandong Homey Aquatic Development Co Ltd is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shandong Homey Aquatic Development Co Ltd (600467)?
On an EBIT basis the return on assets of Shandong Homey Aquatic Development Co Ltd is 1.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shandong Homey Aquatic Development Co Ltd (600467)?
The operating margin of Shandong Homey Aquatic Development Co Ltd is 7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Homey Aquatic Development Co Ltd (600467)?
Revenue at Shandong Homey Aquatic Development Co Ltd is growing +20.0% versus a year earlier (3y avg −4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shandong Homey Aquatic Development Co Ltd (600467)?
Earnings per share at Shandong Homey Aquatic Development Co Ltd are growing +25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shandong Homey Aquatic Development Co Ltd (600467) generate?
The free cash flow of Shandong Homey Aquatic Development Co Ltd is −1.2M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shandong Homey Aquatic Development Co Ltd (600467) carry?
The net debt of Shandong Homey Aquatic Development Co Ltd is 2.1B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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