Lao Feng Xiang Co Ltd A (600612) fair value: what the stock is really worth
We calculate from audited financials what Lao Feng Xiang Co Ltd A is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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A solid business, trading 53% below our fair value of ¥73.81.
As of Aug 26, 2026, the fair value of Lao Feng Xiang Co Ltd A is ¥73.81 per share against a price of ¥35.00, so the fair value sits 111% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +0.4 %/yr)
!Thin margins · 3.4% net margin
✓Low debt · generates free cash flow
·4.71% dividend yield
✓Ranks above peers (12/15)
!Moderate moat 46/100
Evidence: HighRange ¥55.35 to ¥92.26
Fair value as of: Aug 26, 2026
From 26 valuation models · updated 15 days ago
Share price −3.4% over the past month.
This is the short version. In the app for Lao Feng Xiang Co Ltd A:
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price is below even our cautious bear case (¥55.35). The market is more pessimistic than our downside scenario.
Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.
How to read this chart
60‑month range ¥32.15 – ¥86.19 · fair‑value band ¥55.35 – ¥92.26 · the ¥35.00 price screens below the ¥73.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 26, 2026.
Lao Feng Xiang Co Ltd A (600612) currently trades at ¥35.00, while our model-based Fair Value estimate is ¥73.81, implying the stock looks roughly 52.6% undervalued today. The Quality Score stands at 68/100 (solid quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of ¥158.62 per share, and 24 of the 26 models we run sit above the ¥35.00 price. Bear case: the Asset-Based group reads lowest at ¥19.37, and 2 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Lao Feng Xiang Co Ltd A generated revenue of 49.0B CNY at a net margin of 3.4%. Revenue declined 21.6% year over year. It earns a return on equity of 13.5%. The balance sheet holds a net cash position of 3.1B CNY. Fundamentals as of Aug 26, 2026
Scenario range: ¥55.35 (bear) to ¥92.26 (bull), the price of ¥35.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 39% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 111%, 600612 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥1.10 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio11.0as of Jun 15, 2026
P/S ratio0.36P/E × margin
EPS (TTM)¥3.23price ÷ EPS = P/E 11.0
Dividend yield4.7%payout 51.1%
Net margin3.3%FY2025
Return on equity13.5%TTM
More key figures
Profitability
Return on assets (EBIT)14.4%avg 5y
Operating margin8.5%TTM
Growth
Revenue (TTM)49.0B CNYTTM
Revenue growth (YoY)−21.6%3y avg −5.7%
EPS growth (YoY)−10.8%
Balance sheet & cash flow
Free cash flow5.8B CNYFY2025
Net cash3.1B CNYFY2024
Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality68/100
Of which business quality 69
· Market factors (momentum, volatility) 38
Profitability51
Margins and returns on capital today
Quality Growth37
Are margins and returns improving?
Cashflow75
Earnings quality: real cash, not paper profit
Fin. Strength92
Balance sheet, leverage, solvency risk
Investment76
Disciplined investing over empire-building
Low Volatility87
Calm price path (market factor)
Momentum23
Price trend over the last 3–12 months (market factor)
52W Momentum8
Distance to the 52-week high (market factor)
Net Issuance82
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
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. The company researches, designs, produces, and sells gold, silver, platinum, diamonds, white jade, jadeite, pearls, gold inlays, colored gemstones, enamel, K gold jewelry glass, corals, watches, amber, brooches, arts and crafts souvenirs.
Full company description
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. The company researches, designs, produces, and sells gold, silver, platinum, diamonds, white jade, jadeite, pearls, gold inlays, colored gemstones, enamel, K gold jewelry glass, corals, watches, amber, brooches, arts and crafts souvenirs. The company was formerly known as China First Pencil Co., Ltd. and changed its name to Lao Feng Xiang Co., Ltd. in July 2009. Lao Feng Xiang Co., Ltd. was founded in 1848 and is based in Shanghai, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lao Feng Xiang Co Ltd A reported revenue of 52.8B CNY in FY2025 versus 58.7B CNY in FY2021, a compound −2.6%/yr. Reported net income was 1.8B CNY in FY2025, compounding −1.7%/yr from FY2021.
Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
52.8B CNY
Latest YoY
−7.0%
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.
−5.7%
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 (33Y) ⓘ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.
+22.6%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+6.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+2.0%
Dividend yield4.7%
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 2.0% vs 10Y 5.2%, flattening
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.5.4% (2020) → 5.7% (2025) · steady
Worst earnings drop32% (2008) · in CNY
Revenue−2.6%/yr
FY2158.7B CNY
FY2263.0B CNY
FY2371.4B CNY
FY2456.8B CNY
FY2552.8B CNY
Net income−1.7%/yr
FY211.9B CNY
FY221.7B CNY
FY232.2B CNY
FY241.9B CNY
FY251.8B CNY
Character of growth · EPS growth decomposed (2014-2025)+7.4 % p.a.
Revenue per share+6.4 %
of which total revenue +6.4 % · buybacks/dilution +0.0 %
EBIT margin+2.2 %
Tax rate−0.7 %
Residual (interest, one-offs)−0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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). "Lao Feng Xiang Co Ltd A Fair Value". https://www.fairvalue-calculator.com/stock/600612
Peer Group
Luxury Goods · 134 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.
Valuation
Quality Score68 · Top 25%
Fair Value upside+118% · Top 25%
Profitability
Return on equity (TTM)14% · Above median
Return on assets7% · Above median
Net margin (TTM)3% · Below median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−22% · Bottom 25%
Dividend yield (TTM)4.7% · Top 25%
Balance sheet
Debt / equity0.01× · Above median
Valuation Multiples vs Luxury Goods median · lower = cheaper
P/E (TTM)11.0× · Cheaper than median
P/B1.21× · Cheaper than median
P/S (TTM)0.37× · Cheaper than median
P/FCF0.5× · Cheapest 25%
EV/EBITDA2.8× · Cheapest 25%
PEG0.52× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Lao Feng Xiang Co Ltd A deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-32.2 % per year
Achieved revenue growth, 5 years+0.4 % p.a.
Sector median revenue growth+2.7 %
FCF yield on price31.63 %
Discount rate (WACC) in the models9.1 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE100· sector 9
FUTURE0· sector 49
PAST54· sector 40
HEALTH99· sector 99
DIVIDEND94· sector 43
Insider activity: 45/100
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 Luxury Goods stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).
Is Lao Feng Xiang Co Ltd A (600612) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of ¥73.81 versus a price of ¥35.00, about +111% upside (undervalued).
What is the fair value of 600612?
Our model-based fair value for Lao Feng Xiang Co Ltd A is ¥73.81 (as of Aug 26, 2026), built from audited fundamentals. The current price: ¥35.00.
What is the quality score of 600612?
Lao Feng Xiang Co Ltd A has a Quality Score of 68/100. 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 Lao Feng Xiang Co Ltd A (600612)?
Our model-based price target is the fair value of ¥73.81 (as of Aug 26, 2026) from 26 valuation models. Cautious scenario ¥55.35, optimistic scenario ¥92.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Lao Feng Xiang Co Ltd A stock forecast for 2026?
Our models put fair value at ¥73.81, about +111% upside versus a price of ¥35.00 (undervalued). Cautious scenario ¥55.35, optimistic scenario ¥92.26. The calculation is refreshed regularly with new filings.
What is the revenue of Lao Feng Xiang Co Ltd A (600612)?
Lao Feng Xiang Co Ltd A reported trailing-twelve-month revenue of about 49.0B CNY (latest available figure, as of Aug 26, 2026).
What is the net profit margin of 600612?
The net profit margin of Lao Feng Xiang Co Ltd A is about 3.4%, meaning it keeps roughly 3.4% of revenue as net income. Based on the latest reported figures.
Does Lao Feng Xiang Co Ltd A pay a dividend?
Lao Feng Xiang Co Ltd A currently shows a dividend yield of about 4.71% relative to its recent price (as of Aug 26, 2026).
What growth is priced into Lao Feng Xiang Co Ltd A (600612)?
For today's price to be fair in a discounted-cash-flow model, Lao Feng Xiang Co Ltd A would have to grow free cash flow by -32.2 % per year for ten years (discount rate 9.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +0.4 % per year. As of Aug 26, 2026.
What discount rate (WACC) does the fair value of 600612 use?
Our models discount Lao Feng Xiang Co Ltd A at 9.1 %: a base by market capitalisation (mid), damped by beta 0.33, country premium for China. The same rate applies in all 26 models.
What is the intrinsic value of Lao Feng Xiang Co Ltd A (600612)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lao Feng Xiang Co Ltd A it is ¥73.81 per share (as of Aug 26, 2026), against a price of ¥35.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lao Feng Xiang Co Ltd A stock overvalued or undervalued in 2026?
As of Aug 26, 2026, 600612 trades below its calculated fair value: price ¥35.00, fair value ¥73.81, a gap of about +111% (undervalued). 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 600612?
No. The price is what the market pays today (¥35.00); the fair value is what the company's own numbers justify (¥73.81). For Lao Feng Xiang Co Ltd A the two are ¥38.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lao Feng Xiang Co Ltd A worth?
The market values Lao Feng Xiang Co Ltd A at about 18.3B CNY (market capitalisation, as of Aug 26, 2026). Per share that is ¥35.00; our models calculate a fair value of ¥73.81 per share.
What do the bullish and bearish scenarios say about 600612?
Our models span a range for Lao Feng Xiang Co Ltd A: cautious scenario ¥55.35, base ¥73.81, optimistic ¥92.26 per share (as of Aug 26, 2026, price ¥35.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600612?
Lao Feng Xiang Co Ltd A trades at a price-to-earnings ratio of 11.0 (as of Aug 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥73.81 is built from several models across several years. Other multiples: PEG 0.5, P/B 1.2, P/S 0.4, EV/EBITDA 2.8.
What is the PEG ratio of 600612?
The PEG ratio of Lao Feng Xiang Co Ltd A is 0.52 (P/E divided by earnings growth, as of Aug 26, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Lao Feng Xiang Co Ltd A (600612)?
Balance-sheet figures for Lao Feng Xiang Co Ltd A (as of Aug 26, 2026): return on equity 13.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 600612 from its 52-week high?
Lao Feng Xiang Co Ltd A trades at ¥35.00, about 39% below its 52-week high of ¥57.72 and 1% above the low of ¥34.51 (as of Aug 26, 2026). Distance from the high says nothing about value: that is what the fair value of ¥73.81 is for.
Which stocks are comparable to Lao Feng Xiang Co Ltd A?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Titan Company, Tapestry, 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 Lao Feng Xiang Co Ltd A stock attractive at the current price?
The data as of Aug 26, 2026: price ¥35.00, calculated fair value ¥73.81 (+111%), Quality Score 68/100, from 26 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 600612 calculated?
We run Lao Feng Xiang Co Ltd A through 26 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 ¥73.81, with the spread shown as a cautious and an optimistic scenario.
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