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Foshan Haitian Flavouring and Food Company (603288) Fair Value & Analysis

Consumer Defensive · CN · Market cap 197B CNY

FH Foshan Haitian Flavouring and Food Company 603288 · SHG
Price¥36.55
Fair Value¥21.93
Upside-40.0%
Quality64/100
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Healthy Growth
Highly profitable · 24.6% net margin
Low debt · generates free cash flow
3.18% dividend yield
Mixed vs. peers (8/15)
Wide moat 82/100
Evidence: High Range ¥16.83 – ¥27.03 Share as image

Fair value as of: Jul 13, 2026

From 26 valuation models · updated 25 days ago

Share price +7.2% over the past month.

A solid business, but screening 40% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥27.03). The favourable scenario is already priced in.
  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥100.16 ¥31.25 Fair Value ¥21.93 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range ¥31.25 – ¥100.16 · fair‑value band ¥16.83 – ¥27.03 · the ¥36.55 price screens above the ¥21.93 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Foshan Haitian Flavouring and Food Company (603288) currently trades at ¥36.55, while our model-based Fair Value estimate is ¥21.93, implying the stock looks roughly 40.0% overvalued today. We read business quality at 64/100 (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 29.6B CNY at a net margin of 24.6%. Revenue grew 8.6% year over year. It earns a return on equity of 19.1%. The balance sheet holds a net cash position of 8.6B CNY. Fundamentals as of Jul 13, 2026

Our scenario range runs from ¥16.83 (bear case) to ¥27.03 (bull case); at ¥36.55, 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 14% below its 52-week high and 8% 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 -40%, 603288 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥17.85 ¥28.68 ¥46.37 80
Residual Income ¥8.17 ¥9.96 ¥20.94 76
Rev-Margin DCF ¥13.00 ¥19.69 ¥28.01 74
All 26 models by family
DCF Models
FCF DCF ¥17.82 ¥29.20 ¥48.06 38
Owner Earnings ¥16.38 ¥26.74 ¥43.91 31
5Y Revenue Exit ¥13.00 ¥19.68 ¥28.38 39
5Y EBITDA Exit ¥16.42 ¥26.48 ¥38.70 41
5Y P/E Exit ¥18.67 ¥30.95 ¥44.57 38
10Y Revenue Exit ¥14.23 ¥20.99 ¥30.57 36
10Y EBITDA Exit ¥16.76 ¥25.87 ¥38.91 37
10Y P/E Exit ¥18.23 ¥29.08 ¥43.66 35
Earnings-Based
Graham-Dodd ¥8.61 ¥35.00 ¥47.64 54
Lynch FV ¥8.76 ¥12.52 ¥16.27 50
PEG = 1.0 ¥8.76 ¥12.52 ¥16.27 46
EPV ¥12.66 ¥14.47 ¥16.05 59
Dividend Discount
Gordon GGM ¥10.42 ¥21.67 ¥34.38 70
DDM Multi-Stage ¥10.42 ¥18.28 ¥22.75 61
Multiples
P/E Multiple ¥18.99 ¥25.32 ¥31.64 63
P/S Multiple ¥9.68 ¥12.91 ¥16.13 58
P/B Multiple ¥16.14 ¥21.52 ¥26.90 55
EV/EBIT ¥20.96 ¥27.34 ¥33.72 53
EV/EBITDA ¥17.11 ¥22.20 ¥27.30 54
EV/Revenue ¥10.85 ¥14.72 ¥18.59 43
Asset-Based
NCAV (Graham) ¥3.72 ¥4.98 ¥7.43 50
Growth DCF
Growth DCF ¥17.85 ¥28.68 ¥46.37 80
Rev-Margin DCF ¥13.00 ¥19.69 ¥28.01 74
Economic Profit
Residual Income ¥8.17 ¥9.96 ¥20.94 76
ROIC Compounder ¥13.91 ¥17.82 ¥22.78 72
Growth Earnings
Growth-Adj P/E ¥14.80 ¥21.14 ¥27.49 68

Widest divergence: DCF Models (¥26.48) versus Asset-Based (¥4.98). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 29.6B CNY
Revenue growth (YoY) +8.6%
Net margin 24.6%
Return on equity 19.1%
Free cash flow 7.2B CNY FY2025
P/E ratio 27.0
More key figures
Operating margin 31.1%
EPS (TTM) ¥1.25
Dividend yield 3.2%
EPS growth (YoY) +5.0%
Net cash 8.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 68 · Market factors (momentum, volatility) 53

Profitability 63
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 91
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 61
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 ¥28.7B in FY2025 versus ¥25.0B in FY2021, a compound +3.5%/yr. Reported net income was ¥7.0B in FY2025, compounding +1.4%/yr from FY2021.

Growth Quality 78/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
28.7B CNY
Latest YoY
+6.7%
Avg. growth/yr (3Y)
+3.9%
Avg. growth/yr (5Y)
+4.7%
Avg. growth/yr (16Y)
+12.3%
Revenue +3.5%/yr
FY21 ¥25.0B
FY22 ¥25.6B
FY23 ¥24.6B
FY24 ¥26.9B
FY25 ¥28.7B
Net income +1.4%/yr
FY21 ¥6.7B
FY22 ¥6.2B
FY23 ¥5.6B
FY24 ¥6.3B
FY25 ¥7.0B

603288 screens 40% 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/603288

Peer Group

Packaged Foods · 650 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 64 · Top 25%
Fair Value upside −40% · 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) 3.2% · Above median
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 27.0× · Pricier than median
P/B 4.77× · Pricier than 75% of peers
P/S (TTM) 6.67× · Pricier than 75% of peers
P/FCF 4.0× · Pricier than median
EV/EBITDA 20.8× · Pricier than 75% of peers
PEG 2.39× · 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 0 · sector 30
FUTURE 43 · sector 20
PAST 77 · sector 27
HEALTH 100 · sector 96
DIVIDEND 64 · sector 47

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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

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 13, 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 (603288) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of ¥21.93 versus a price of ¥36.55, about −40% (overvalued).
What is the fair value of 603288?
Our model-based fair value for Foshan Haitian Flavouring and Food Company is ¥21.93 (as of Jul 13, 2026), built from audited fundamentals. The current price is ¥36.55.
What is the quality score of 603288?
Foshan Haitian Flavouring and Food Company has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Foshan Haitian Flavouring and Food Company (603288)?
Foshan Haitian Flavouring and Food Company reported trailing-twelve-month revenue of about 29.6B CNY (latest available figure, as of Jul 13, 2026).
What is the net profit margin of 603288?
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 3.14% relative to its recent price (as of Jul 13, 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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