Shandong Huifa Foodstuff Co (603536) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Shandong Huifa Foodstuff Co stock ¥2.85, price ¥10.44, upside -72.7%, quality 43 out of 100. Rating: strongly overvalued. 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. As of Oct 28, 2026.
How to read this chart
60‑month range ¥6.02 – ¥18.34 · fair‑value band ¥2.22 – ¥3.52 · the ¥10.44 price screens above the ¥2.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 28, 2026.
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Shandong Huifa Foodstuff Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of quick-frozen prepared meat products in China and internationally.
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The company offers quick-frozen pre-prepared food products, such as meatballs, sausages, fried food, skewers, and other dishes.
It also offers fish-flavored rolls, crab-flavored cutlets, chicken meatballs, and fish-flavored; sausage products include taiwanese-style grilled sausages, bouncy sausages, and osmanthus sausage; fried products include fish-flavored tofu and tempura; skewered products such as sichuan-style chicken strips and chicken and bone skewers; and dishes include farmhouse egg dumplings, crayfish, crispy pork, and crunchy chicken cutlets.
It serves catering units such as schools and enterprises. Shandong Huifa Foodstuff Co.,Ltd. was founded in 2005 and is headquartered in Zhucheng, China.
Stock analysis
Shandong Huifa Foodstuff Co (603536) currently trades at ¥10.44, while our model-based Fair Value estimate is ¥2.85, 72.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.85 per share, and 0 of the 10 models we run sit above the ¥10.44 price.
Bear case: the Multiples group reads lowest at ¥0.4200, and 10 of the 10 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥2.22 (bear) to ¥3.52 (bull), the price of ¥10.44 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 43/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Shandong Huifa Foodstuff Co reported revenue of 1.4B CNY in FY2025 versus 1.7B CNY in FY2021, a compound −3.9%/yr. Reported net income was −69.6M CNY in FY2025.
Key figures
Market cap 2.5B CNY (≈ $380M) Small · P/S ratio 1.68 · EPS (TTM) ¥−0.1400 · Dividend yield 0.7% · Net margin −2.7% · Return on equity −9.2% · Return on assets (EBIT) −4.1% · Operating margin −0.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).
What moves the price
The share trades about 30% below its 52-week high and 35% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −18% fair-value upside, at −73%, 603536 screens richer than that median.
Fair Value models
Bear¥2.22Fair Value ¥2.85Bull¥3.52
Price ¥10.44 · Upside -72.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−26.8%
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.
−3.7%
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.
+0.0%
Start year 2020 (pandemic). Over 10 years: +5.4% a year
Revenue growth 13 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.
+3.6%
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Profit margin (trend) ⓘ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.
1.9% (2020) → −1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+45.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +42.6% a year for the price.
Compare Shandong Huifa Foodstuff Co 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.Packaged Foods · 627 stocks
Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−72.7% · Bottom 25%
Profitability
Return on assets−5.7% · Bottom 25%
Net margin (12 months)−2.7% · Bottom 25%
Operating margin (12 months)−0.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−19.6% · Bottom 25%
Dividend yield (12 months)0.7% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/B6.67× · Priciest 25%
P/S (12 months)1.87× · Priciest 25%
Price / free cash flow95.8× · Priciest 25%
EV/EBITDA57.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)0· sector 22
PAST (return on equity)0· sector 31
HEALTH (low debt)96· sector 96
DIVIDEND (yield)15· sector 57
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 Huifa Foodstuff Co Fair Value". https://www.fairvalue-calculator.com/stock/603536
Frequently asked questions
Is Shandong Huifa Foodstuff Co (603536) overvalued or undervalued?
As of Oct 28, 2026, our model estimates a fair value of ¥2.85 versus a price of ¥10.44, about −73% upside (overvalued).
What is the fair value of 603536?
Our model-based fair value for Shandong Huifa Foodstuff Co is ¥2.85 (as of Oct 28, 2026), built from audited fundamentals. The current price: ¥10.44.
What is the quality score of 603536?
Shandong Huifa Foodstuff Co has a Quality Score of 43/100. 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 Huifa Foodstuff Co (603536)?
Our model-based price target is the fair value of ¥2.85 (as of Oct 28, 2026) from 10 valuation models. Cautious scenario ¥2.22, optimistic scenario ¥3.52. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Huifa Foodstuff Co stock forecast for 2026?
Our models put fair value at ¥2.85, about −73% upside versus a price of ¥10.44 (overvalued). Cautious scenario ¥2.22, optimistic scenario ¥3.52. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Huifa Foodstuff Co (603536)?
Shandong Huifa Foodstuff Co reported trailing-twelve-month revenue of about 1.4B CNY (latest available figure, as of Oct 28, 2026).
Does Shandong Huifa Foodstuff Co pay a dividend?
Shandong Huifa Foodstuff Co currently shows a dividend yield of 0.74% relative to its recent price (as of Oct 28, 2026).
What growth is priced into Shandong Huifa Foodstuff Co (603536)?
For today's price to be fair in a discounted-cash-flow model, Shandong Huifa Foodstuff Co would have to grow free cash flow by +45.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.0 % per year. As of Oct 28, 2026.
What discount rate (WACC) does the fair value of 603536 use?
Our models discount Shandong Huifa Foodstuff Co at 10.6 %: a base by market capitalisation (small), damped by beta 0.56, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Shandong Huifa Foodstuff Co that is +45.0 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Shandong Huifa Foodstuff Co (603536) delivered so far?
Over the past 5 years revenue at Shandong Huifa Foodstuff Co grew +0.0 % a year. The price currently implies +45.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Shandong Huifa Foodstuff Co (603536) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into Shandong Huifa Foodstuff Co (+45.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shandong Huifa Foodstuff Co (603536)?
The free-cash-flow yield on the price is 1.04 %: that much free cash flow Shandong Huifa Foodstuff Co produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shandong Huifa Foodstuff Co (603536)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Huifa Foodstuff Co it is ¥2.85 per share (as of Oct 28, 2026), against a price of ¥10.44. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Shandong Huifa Foodstuff Co stock overvalued or undervalued in 2026?
As of Oct 28, 2026, 603536 trades above its calculated fair value: price ¥10.44, fair value ¥2.85, a gap of about −73% (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 603536?
No. The price is what the market pays today (¥10.44); the fair value is what the company's own numbers justify (¥2.85). For Shandong Huifa Foodstuff Co the two are ¥7.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Huifa Foodstuff Co worth?
The market values Shandong Huifa Foodstuff Co at about 2.5B CNY (market capitalisation, as of Oct 28, 2026). Per share that is ¥10.44; our models calculate a fair value of ¥2.85 per share.
What do the bullish and bearish scenarios say about 603536?
Our models span a range for Shandong Huifa Foodstuff Co: cautious scenario ¥2.22, base ¥2.85, optimistic ¥3.52 per share (as of Oct 28, 2026, price ¥10.44). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shandong Huifa Foodstuff Co (603536)?
Balance-sheet figures for Shandong Huifa Foodstuff Co (as of Oct 28, 2026): return on equity −9.2%, debt of 0.08 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 603536 from its 52-week high?
Shandong Huifa Foodstuff Co trades at ¥10.44, about 30% below its 52-week high of ¥14.87 and 35% above the low of ¥7.75 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.85 is for.
Which stocks are comparable to Shandong Huifa Foodstuff Co?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Huifa Foodstuff Co stock attractive at the current price?
The data as of Oct 28, 2026: price ¥10.44, calculated fair value ¥2.85 (−73%), Quality Score 43/100, from 10 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 603536 calculated?
We run Shandong Huifa Foodstuff Co through 10 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 ¥2.85, 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 13.1 % above its aggregate fair value. Shandong Huifa Foodstuff Co 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 Huifa Foodstuff Co (603536)?
The closing price on Oct 29, 2026 was ¥10.44. Our model-based fair value is ¥2.85, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Huifa Foodstuff Co right now?
The price sits above even our optimistic bull case (¥3.52). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Shandong Huifa Foodstuff Co
How large is the market capitalisation of Shandong Huifa Foodstuff Co (603536)?
The market capitalisation of Shandong Huifa Foodstuff Co is 2.5B CNY (≈ $380M). 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 Huifa Foodstuff Co (603536)?
The price-to-sales ratio of Shandong Huifa Foodstuff Co is 1.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shandong Huifa Foodstuff Co (603536)?
Earnings per share at Shandong Huifa Foodstuff Co are ¥−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shandong Huifa Foodstuff Co (603536)?
The dividend yield of Shandong Huifa Foodstuff Co is 0.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shandong Huifa Foodstuff Co (603536)?
The net margin of Shandong Huifa Foodstuff Co is −2.7% (last twelve months). 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 Huifa Foodstuff Co (603536)?
The return on equity (ROE) of Shandong Huifa Foodstuff Co is −9.2% (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 Huifa Foodstuff Co (603536)?
On an EBIT basis the return on assets of Shandong Huifa Foodstuff Co is −4.1% (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 Huifa Foodstuff Co (603536)?
The operating margin of Shandong Huifa Foodstuff Co is −0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Huifa Foodstuff Co (603536)?
Revenue at Shandong Huifa Foodstuff Co is growing −19.6% versus a year earlier (3y avg −3.7%). 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 Huifa Foodstuff Co (603536)?
Earnings per share at Shandong Huifa Foodstuff Co are growing −63.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shandong Huifa Foodstuff Co (603536) carry?
The net debt of Shandong Huifa Foodstuff Co is 242M CNY (fiscal year 2025, ≈ 9.2 yrs of FCF). 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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Oct 28, 2026