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Qingdao Richen Food Co (603755) Fair Value & Analysis

Consumer Defensive · CN · Market cap 2.2B CNY

QR Qingdao Richen Food Co 603755 · SHG
Price¥23.63
Fair Value¥14.52
Upside-38.6%
Quality55/100
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Expensive Growth
Solidly profitable · 17.2% net margin
Low debt · negative free cash flow
2.17% dividend yield
Mixed vs. peers (6/13)
Moderate moat 55/100
Evidence: High Range ¥10.89 – ¥18.15 Share as image

Fair value as of: Aug 11, 2026

From 16 valuation models · updated today

Share price +2.0% over the past month.

A solid business, but screening 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥18.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥71.23 ¥15.39 Fair Value ¥14.52 Mar 2021 Aug 2026

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

How to read this chart

60‑month range ¥15.39 – ¥71.23 · fair‑value band ¥10.89 – ¥18.15 · the ¥23.63 price screens above the ¥14.52 fair value. Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Qingdao Richen Food Co (603755) currently trades at ¥23.63, while our model-based Fair Value estimate is ¥14.52, implying the stock looks roughly 38.6% overvalued today. The Quality Score stands at 55/100 (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, Qingdao Richen Food Co generated revenue of 492M CNY at a net margin of 17.2%. Revenue grew 23.7% year over year. It earns a return on equity of 11.5%. Net debt stands at 92.5M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥10.89 (bear case) to ¥18.15 (bull case); at ¥23.63, 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 43% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -39%, 603755 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 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. Evidence
Highest evidence
Residual Income ¥6.95 ¥7.79 ¥12.01 76
ROIC Compounder ¥8.49 ¥11.30 ¥14.33 72
Gordon GGM ¥4.25 ¥8.46 ¥12.81 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥5.81 ¥29.46 ¥40.69 54
Lynch FV ¥8.00 ¥11.43 ¥14.86 50
PEG = 1.0 ¥8.00 ¥11.43 ¥14.86 46
EPV ¥8.24 ¥9.47 ¥10.54 59
Dividend Discount
Gordon GGM ¥4.25 ¥8.46 ¥12.81 70
DDM Multi-Stage ¥4.25 ¥7.31 ¥8.93 61
Multiples
P/E Multiple ¥13.45 ¥17.93 ¥22.42 63
P/S Multiple ¥5.70 ¥7.60 ¥9.50 58
P/B Multiple ¥10.89 ¥14.52 ¥18.15 55
EV/EBIT ¥12.97 ¥17.14 ¥21.31 53
EV/EBITDA ¥11.16 ¥14.73 ¥18.30 54
EV/Revenue ¥5.44 ¥7.58 ¥9.72 43
Asset-Based
NCAV (Graham) ¥3.90 ¥5.23 ¥7.80 50
Economic Profit
Residual Income ¥6.95 ¥7.79 ¥12.01 76
ROIC Compounder ¥8.49 ¥11.30 ¥14.33 72
Growth Earnings
Growth-Adj P/E ¥12.13 ¥17.33 ¥22.52 68

Widest divergence: Growth Earnings (¥17.33) versus Asset-Based (¥5.23). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 492M CNY
Revenue growth (YoY) +23.7%
Net margin 17.2%
Return on equity 11.5%
Free cash flow −29.2M CNY FY2025
P/E ratio 26.1
More key figures
Operating margin 18.2%
EPS (TTM) ¥0.8700
Dividend yield 2.2%
EPS growth (YoY) +3.0%
Net debt 92.5M CNY FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 34

Profitability 42
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 86
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

Qingdao Richen Food Co.,Ltd. engages in the research and development, production, and sale of compound seasoning and condiments for food processing and catering companies in China.

Full company description

Qingdao Richen Food Co.,Ltd. engages in the research and development, production, and sale of compound seasoning and condiments for food processing and catering companies in China. The company offers sauces, liquid and powder seasonings, roast chicken seasoning, coating flour, and coating paste, as well as food additive products that include compound acidity regulator, compound moisture retaining agent, caramel color, etc., which are used in various processed food additions. It also offers fried rice seasoning and tempura breaded; black pepper sauce, BBQ sauce, colorful barbecue sauce, and steak sauce with wine flavor; beef bone, seafood, tonkotsu, chicken, tomato, and spicy ramen soup seasoning; twice cooked and braised pork seasoning; and spicy, collagen, and mushroom flavor hot pot partner, as well as prepared food. The company offers services to domestic food market, supermarkets, under the Flavor Story brand; and export food processing companies of livestock and poultry products, aquatic products, vegetable products, etc. Its products are used in various types of barbecue, fried food, and prepared food production. The company exports its products primarily to Asia, Europe, and the United States. Qingdao Richen Food Co.,Ltd. was founded in 2001 and is based in Qingdao, China. Qingdao Richen Food Co.,Ltd. operates as a subsidiary of Qingdao Boya Investment Holding Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Richen Food Co reported revenue of ¥468M in FY2025 versus ¥339M in FY2021, a compound +8.5%/yr. Reported net income was ¥84.2M in FY2025, compounding +0.9%/yr from FY2021.

Growth Quality 53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
468M CNY
Latest YoY
+15.7%
Avg. growth/yr (3Y) 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.
+14.9%
Avg. growth/yr (5Y) 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.
+12.2%
Avg. growth/yr (11Y) 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.
+13.0%
Revenue +8.5%/yr
FY21 ¥339M
FY22 ¥309M
FY23 ¥359M
FY24 ¥405M
FY25 ¥468M
Net income +0.9%/yr
FY21 ¥81.3M
FY22 ¥51.1M
FY23 ¥56.4M
FY24 ¥63.9M
FY25 ¥84.2M
Character of growth · EPS growth decomposed (2014-2025) +7.4 % p.a.
Revenue per share +9.5 pp

of which total revenue +13.0 pp · buybacks/dilution −3.4 pp

EBIT margin −1.9 pp
Tax rate +0.0 pp
Residual (interest, one-offs) −0.3 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).

603755 screens 39% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Qingdao Richen Food Co Fair Value". https://www.fairvalue-calculator.com/stock/603755

Peer Group

Packaged Foods · 649 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 55 · Above median
Fair Value upside −39% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 24% · Top 25%
Dividend yield (TTM) 2.2% · Below median
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 26.1× · Pricier than median
P/B 2.91× · Pricier than 75% of peers
P/S (TTM) 4.55× · Pricier than 75% of peers
EV/EBITDA 19.9× · Pricier than 75% of peers

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 28
FUTURE 100 · sector 20
PAST 46 · sector 27
HEALTH 92 · sector 96
DIVIDEND 43 · 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 Aug 11, 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 Qingdao Richen Food Co (603755) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥14.52 versus a price of ¥23.63, about −39% (overvalued).
What is the fair value of 603755?
Our model-based fair value for Qingdao Richen Food Co is ¥14.52 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥23.63.
What is the quality score of 603755?
Qingdao Richen Food Co has a Quality Score of 55/100. 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 Qingdao Richen Food Co (603755)?
Qingdao Richen Food Co reported trailing-twelve-month revenue of about 492M CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 603755?
The net profit margin of Qingdao Richen Food Co is about 17.2%, meaning it keeps roughly 17.2% of revenue as net income. Based on the latest reported figures.
Does Qingdao Richen Food Co pay a dividend?
Qingdao Richen Food Co currently shows a dividend yield of about 1.87% relative to its recent price (as of Aug 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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