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Leshan Giantstar Farming&Husbandry Corporation (603477) Fair Value & Analysis

Consumer Defensive · CN · Market cap 7.3B CNY

LG Leshan Giantstar Farming&Husbandry Corporation 603477 · SHG
Price¥15.02
Fair Value¥5.39
Upside-64.1%
Quality46/100
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Healthy Growth
Loss-making · -5.5% net margin
Moderate debt · generates free cash flow
0.14% dividend yield
Trails peers (3/13)
Narrow moat 13/100
Evidence: High Range ¥3.66 – ¥5.39 Share as image

Fair value as of: Jul 11, 2026

From 25 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥3.88 to ¥5.39 (+39.0%) since Jun 24, 2026. Share price −3.5% over the past month.

Below-average quality, and screening another 64% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.39). The favourable scenario is already priced in.
  • Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥37.98 ¥9.80 Fair Value ¥5.39 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range ¥9.80 – ¥37.98 · fair‑value band ¥3.66 – ¥5.39 · the ¥15.02 price screens above the ¥5.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Leshan Giantstar Farming&Husbandry Corporation (603477) currently trades at ¥15.02, while our model-based Fair Value estimate is ¥5.39, implying the stock looks roughly 64.1% overvalued today. The Quality Score stands at 46/100 (below-average 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, Leshan Giantstar Farming&Husbandry Corporation generated revenue of 8.3B CNY at a net margin of -5.5%. Revenue grew 17.0% year over year. It earns a return on equity of -14.5%. Net debt stands at 2.2B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥3.66 (bear case) to ¥5.39 (bull case); at ¥15.02, 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 36% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -64%, 603477 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 ¥2.33 ¥5.82 ¥11.45 80
Residual Income ¥4.03 ¥3.78 ¥2.69 76
Rev-Margin DCF ¥3.24 ¥7.28 ¥15.72 74
All 25 models by family
DCF Models
FCF DCF ¥2.58 ¥4.80 ¥11.73 38
5Y Revenue Exit ¥2.77 ¥6.18 ¥13.32 39
5Y EBITDA Exit ¥9.78 ¥20.33 ¥41.10 41
5Y P/E Exit ¥0.3500 ¥1.89 ¥3.85 38
10Y Revenue Exit ¥2.61 ¥8.12 ¥11.80 36
10Y EBITDA Exit ¥7.78 ¥22.85 ¥50.30 37
10Y P/E Exit ¥1.05 ¥3.02 ¥5.95 35
Earnings-Based
Graham-Dodd ¥0.3900 ¥2.75 ¥3.86 54
Lynch FV ¥1.42 ¥2.03 ¥2.64 50
PEG = 1.0 ¥1.42 ¥2.03 ¥2.64 46
EPV ¥2.02 ¥2.59 ¥3.07 59
Dividend Discount
Gordon GGM ¥3.25 ¥6.48 ¥9.81 70
DDM Multi-Stage ¥3.25 ¥5.60 ¥6.84 61
Multiples
P/E Multiple ¥0.9600 ¥1.28 ¥1.60 63
P/S Multiple ¥0.7400 ¥0.9900 ¥1.23 58
P/B Multiple ¥0.7400 ¥0.9900 ¥1.23 55
EV/EBIT ¥4.33 ¥6.29 ¥8.25 53
EV/EBITDA ¥12.19 ¥16.76 ¥21.33 54
EV/Revenue ¥2.42 ¥4.12 ¥5.81 43
Asset-Based
NCAV (Graham) ¥2.98 ¥3.99 ¥5.95 50
Growth DCF
Growth DCF ¥2.33 ¥5.82 ¥11.45 80
Rev-Margin DCF ¥3.24 ¥7.28 ¥15.72 74
Economic Profit
Residual Income ¥4.03 ¥3.78 ¥2.69 76
ROIC Compounder ¥2.02 ¥2.59 ¥3.07 72
Growth Earnings
Growth-Adj P/E ¥1.89 ¥2.70 ¥3.50 68

Widest divergence: DCF Models (¥6.18) versus Multiples (¥1.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.3B CNY
Revenue growth (YoY) +17.0%
Net margin -5.5%
Return on equity -14.5%
Free cash flow 135M CNY FY2025
Operating margin -7.9%
More key figures
EPS (TTM) ¥-0.8900
Dividend yield 0.1%
EPS growth (YoY) -45.0%
Net debt 2.2B CNY FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 47 · Market factors (momentum, volatility) 28

Profitability 25
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 45
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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.

About the company

Leshan Giantstar Farming&Husbandry Corporation Limited engages in livestock and poultry breeding in China. It researches, develops, manufactures, and sells leather and leather products used in car seats and interiors, various types of shoes, furniture, etc. The company also provides automobile leather, shoe upper leather, and furniture leather products.

Full company description

Leshan Giantstar Farming&Husbandry Corporation Limited engages in livestock and poultry breeding in China. It researches, develops, manufactures, and sells leather and leather products used in car seats and interiors, various types of shoes, furniture, etc. The company also provides automobile leather, shoe upper leather, and furniture leather products. In addition, it involved pig farming and breeding. The company was formerly known as Sichuan Zhenjing Corporation Limited and changed its name to Leshan Giantstar Farming & Husbandry Corporation in August 2020. The company was founded in 2013 and is based in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Leshan Giantstar Farming&Husbandry Corporation reported revenue of ¥8.0B in FY2025 versus ¥3.0B in FY2021, a compound +28.0%/yr. Reported net income was ¥30.3M in FY2025, compounding −41.5%/yr from FY2021.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
8.0B CNY
Latest YoY
+31.6%
Avg. growth/yr (3Y)
+26.3%
Avg. growth/yr (5Y)
+40.9%
Avg. growth/yr (11Y)
+30.4%
Revenue +28.0%/yr
FY21 ¥3.0B
FY22 ¥4.0B
FY23 ¥4.0B
FY24 ¥6.1B
FY25 ¥8.0B
Net income −41.5%/yr
FY21 ¥259M
FY22 ¥158M
FY23 −¥645M
FY24 ¥519M
FY25 ¥30.3M

603477 screens 64% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Leshan Giantstar Farming&Husbandry Corporation Fair Value". https://www.fairvalue-calculator.com/stock/603477

Peer Group

Farm Products · 291 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 46 · Below median
Fair Value upside −64% · Bottom 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 0.1% · Below median
Debt / equity 0.50× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/B 0.35× · Cheaper than median
P/S (TTM) 0.13× · Cheaper than 75% of peers
P/FCF 8.0× · Pricier than 75% of peers
EV/EBITDA 6.4× · 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 26
FUTURE 85 · sector 21
PAST 0 · sector 17
HEALTH 75 · sector 94
DIVIDEND 3 · sector 38

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

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 Jul 11, 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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Frequently asked questions

Is Leshan Giantstar Farming&Husbandry Corporation (603477) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥5.39 versus a price of ¥15.02, about −64% (overvalued).
What is the fair value of 603477?
Our model-based fair value for Leshan Giantstar Farming&Husbandry Corporation is ¥5.39 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥15.02.
What is the quality score of 603477?
Leshan Giantstar Farming&Husbandry Corporation has a Quality Score of 46/100. 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 revenue of Leshan Giantstar Farming&Husbandry Corporation (603477)?
Leshan Giantstar Farming&Husbandry Corporation reported trailing-twelve-month revenue of about 8.3B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603477?
The net profit margin of Leshan Giantstar Farming&Husbandry Corporation is about -5.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Leshan Giantstar Farming&Husbandry Corporation pay a dividend?
Leshan Giantstar Farming&Husbandry Corporation currently shows a dividend yield of about 0.14% relative to its recent price (as of Jul 11, 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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