Wellhope Foods Co (603609) Fair Value & Analysis
Consumer Defensive · CN · Market cap 5.6B CNY
Fair value as of: Jul 11, 2026
From 22 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥2.56 to ¥3.66 (+43.0%) since Jun 24, 2026. Share price −2.4% over the past month.
A solid business, but screening 41% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥5.02). The favourable scenario is already priced in.
- The model range is unusually wide (¥1.82 to ¥5.02). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 ¥5.66 – ¥14.02 · fair‑value band ¥1.82 – ¥5.02 · the ¥6.19 price screens above the ¥3.66 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Wellhope Foods Co (603609) currently trades at ¥6.19, while our model-based Fair Value estimate is ¥3.66, implying the stock looks roughly 40.9% overvalued today. The Quality Score stands at 51/100 (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: medium).
Over the trailing twelve months, Wellhope Foods Co generated revenue of 37.0B CNY at a net margin of -0.2%. Revenue grew 15.9% year over year. It earns a return on equity of -1.4%. Net debt stands at 3.6B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥1.82 (bear case) to ¥5.02 (bull case); at ¥6.19, 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 33% below its 52-week high and 4% 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 -41%, 603609 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 22 models by family
Widest divergence: Asset-Based (¥4.88) versus Earnings-Based (¥0.6900). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 36
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
Wellhope Foods Co., Ltd. produces and sells feed products for pigs, poultry, ruminant animals, and other animals in China and internationally.
Full company description
Wellhope Foods Co., Ltd. produces and sells feed products for pigs, poultry, ruminant animals, and other animals in China and internationally. The company involved in trading of live broiler and broiler parts products; finisher, piglet, and pig breeders; fish meal, soybean meal, and co-products of corn; amino acid, antioxidant, mold inhibitors, and vitamins, as well as trades products, such as vaccines and veterinary drugs. It also engages in broiler breeder raising, day-old chick hatching, feed raw materials, feed production, commercial broiler rearing, slaughtering, and processing of raw meat related activities. In addition, the company processes and prepares cooked food. Further, the company is involved in farming and selling of piglet and fattening. Additionally, it is involved in raw material trading, broiler integration, swine farming, animal health products, smart farming equipment, international business, pet healthcare, and food processing. Wellhope Foods Co., Ltd. was founded in 1995 and is headquartered in Shenyang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Wellhope Foods Co reported revenue of ¥35.8B in FY2025 versus ¥29.5B in FY2021, a compound +5.0%/yr. Reported net income was ¥52.5M in FY2025, compounding −18.4%/yr from FY2021.
603609 screens 41% overvalued. Compare with Muyuan Foods Group →
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.
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.
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.
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
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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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