Fortune Ng Fung Food (Hebei) Co (600965) Fair Value & Analysis
Consumer Defensive · CN · Market cap 2.1B CNY
Fair value as of: Aug 8, 2026
From 23 valuation models · updated 2 days ago
Fair value updated Aug 8, 2026, revised from ¥1.46 to ¥2.30 (+57.4%) since Jul 11, 2026. Share price −3.3% over the past month.
A solid business, but screening 13% overvalued on our models.
What matters now
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ¥1.73 (bear) to ¥2.88 (bull), base ¥2.30. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.
How to read this chart
60‑month range ¥2.40 – ¥9.51 · fair‑value band ¥1.73 – ¥2.88 · the ¥2.64 price screens above the ¥2.30 fair value. Dashed = 300-day average. As of Aug 8, 2026.
Analysis
Fortune Ng Fung Food (Hebei) Co (600965) currently trades at ¥2.64, while our model-based Fair Value estimate is ¥2.30, implying the stock looks roughly 13.0% overvalued today. The Quality Score stands at 61/100 (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, Fortune Ng Fung Food (Hebei) Co generated revenue of 1.2B CNY at a net margin of 4.7%. Revenue grew 1.3% year over year. It earns a return on equity of 2.6%. Net debt stands at 15.2M CNY. Fundamentals as of Aug 8, 2026
Our scenario range runs from ¥1.73 (bear case) to ¥2.88 (bull case); at ¥2.64, 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 61% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -13%, 600965 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.
All 23 models by family
Widest divergence: DCF Models (¥1.79) versus Earnings-Based (¥1.06). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 26
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
Fortune Ng Fung Food (Hebei) Co.,Ltd engages in the beef cattle breeding and slaughtering, and food processing businesses in the People's Republic of China and internationally.
Full company description
Fortune Ng Fung Food (Hebei) Co.,Ltd engages in the beef cattle breeding and slaughtering, and food processing businesses in the People's Republic of China and internationally. The company offers a series of prefabricated dishes, sour beef, Chinese sauce, and marinade products; western-style low-temperature, prepared, and dish meat products; quick-frozen food and dairy products; and a series of processing products, as well as catering chain and funeral services. The company was incorporated in 1998 and is based in Sanhe, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Fortune Ng Fung Food (Hebei) Co reported revenue of ¥1.2B in FY2025 versus ¥1.3B in FY2021, a compound −2.2%/yr. Reported net income was ¥56.9M in FY2025, compounding −21.6%/yr from FY2021.
of which total revenue −1.5 pp · buybacks/dilution −1.2 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
600965 screens 13% overvalued. Compare with Muyuan Foods Group →
Peer Group
Farm Products · 288 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 Multiples vs Farm Products median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Muyuan Foods Group 002714 | ¥40.90 | ¥48.19 | +18% |
| Wens Foodstuff Group 300498 | ¥14.51 | ¥12.08 | -17% |
| Mowi ASA MOWI | kr 188.40 | kr 262.59 | +39% |
| PT Charoen Pokphand Indonesia Tbk, CPIN | 3,120 IDR | 7,076 IDR | +127% |
| Charoen Pokphand Foods Public Company CPF | 22.00 THB | 55.71 THB | +153% |
| PT Triputra Agro Persada Tbk TAPG | 1,540 IDR | 3,105 IDR | +102% |
| PT FAP Agri Tbk FAPA | 7,300 IDR | 7,463 IDR | +2% |
| PT Japfa Comfeed Indonesia Tbk JPFA | 2,070 IDR | 7,231 IDR | +249% |
| Thaifoods Group TFGR | 10.60 THB | 23.53 THB | +122% |
| PT Jhonlin Agro Raya Tbk JARR | 1,845 IDR | 610.80 IDR | -67% |
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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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