Shanghai Milkground Food Tech Co., Ltd

SHSE:600882 Stock Report

Market Cap: CN¥9.5b

Shanghai Milkground Food Tech Valuation

Is 600882 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 600882 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600882 (CN¥20.81) is trading below our estimate of fair value (CN¥128.43)

Significantly Below Fair Value: 600882 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600882?

Key metric: As 600882 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 600882. This is calculated by dividing 600882's market cap by their current earnings.
What is 600882's PE Ratio?
PE Ratio76.9x
EarningsCN¥135.82m
Market CapCN¥9.50b

Price to Earnings Ratio vs Peers

How does 600882's PE Ratio compare to its peers?

The above table shows the PE ratio for 600882 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average57.8x
002216 Sanquan Food
18.5x10.7%CN¥11.0b
600597 Bright Dairy & FoodLtd
16.2x-5.5%CN¥12.3b
600429 Beijing Sanyuan Foods
63.8xn/aCN¥7.2b
600305 Jiangsu Hengshun Vinegar-IndustryLtd
132.5x42.2%CN¥9.1b
600882 Shanghai Milkground Food Tech
76.9x26.8%CN¥10.4b

Price-To-Earnings vs Peers: 600882 is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the peer average (57.8x).

Price to Earnings Ratio vs Industry

How does 600882's PE Ratio compare vs other companies in the CN Food Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
002157 Jiangxi Zhengbang TechnologyLtd
2.4xn/aUS$3.87b
002086 Shandong Oriental Ocean Sci-Tech
4xn/aUS$958.16m
No more companies available in this PE range
600882 76.9xIndustry Avg. 31.3xNo. of Companies18PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 600882 is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the CN Food industry average (31.3x).

Price to Earnings Ratio vs Fair Ratio

What is 600882's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

600882 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76.9x
Fair PE Ratio27.7x

Price-To-Earnings vs Fair Ratio: 600882 is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the estimated Fair Price-To-Earnings Ratio (28x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 600882 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥20.81
CN¥18.09
-13.1%
5.8%CN¥19.80CN¥17.00n/a4
Dec ’25CN¥18.68
CN¥18.09
-3.2%
5.8%CN¥19.80CN¥17.00n/a4
Nov ’25CN¥16.16
CN¥17.41
+7.7%
9.5%CN¥19.80CN¥14.70n/a5
Oct ’25CN¥16.70
CN¥15.69
-6.0%
14.0%CN¥19.80CN¥13.50n/a5
Sep ’25CN¥12.53
CN¥15.69
+25.2%
14.0%CN¥19.80CN¥13.50n/a5
Aug ’25CN¥13.57
CN¥16.59
+22.3%
12.4%CN¥19.80CN¥14.70n/a4
Jul ’25CN¥12.62
CN¥16.59
+31.5%
12.4%CN¥19.80CN¥14.70n/a4
Jun ’25CN¥14.41
CN¥16.59
+15.1%
12.4%CN¥19.80CN¥14.70n/a4
May ’25CN¥13.75
CN¥17.05
+24.0%
12.1%CN¥19.80CN¥14.70n/a5
Apr ’25CN¥13.86
CN¥17.64
+27.3%
10.8%CN¥19.80CN¥14.86n/a4
Mar ’25CN¥13.94
CN¥20.29
+45.6%
5.0%CN¥21.46CN¥18.90n/a4
Feb ’25CN¥13.45
CN¥22.83
+69.8%
22.6%CN¥33.00CN¥18.90n/a5
Jan ’25CN¥16.07
CN¥21.64
+34.7%
25.0%CN¥33.00CN¥15.70n/a6
Dec ’24CN¥17.18
CN¥22.84
+32.9%
25.4%CN¥33.00CN¥15.70CN¥18.687
Nov ’24CN¥17.27
CN¥25.87
+49.8%
29.2%CN¥38.95CN¥16.90CN¥16.167
Oct ’24CN¥17.41
CN¥29.58
+69.9%
27.9%CN¥42.80CN¥16.90CN¥16.708
Sep ’24CN¥19.20
CN¥29.64
+54.4%
27.5%CN¥42.80CN¥17.40CN¥12.538
Aug ’24CN¥22.50
CN¥32.19
+43.1%
21.9%CN¥42.80CN¥17.40CN¥13.578
Jul ’24CN¥22.28
CN¥32.72
+46.9%
23.4%CN¥43.22CN¥17.40CN¥12.628
Jun ’24CN¥22.93
CN¥32.72
+42.7%
23.4%CN¥43.22CN¥17.40CN¥14.418
May ’24CN¥26.22
CN¥33.22
+26.7%
22.9%CN¥43.22CN¥17.40CN¥13.758
Apr ’24CN¥29.20
CN¥36.51
+25.0%
11.8%CN¥43.22CN¥30.49CN¥13.868
Mar ’24CN¥35.39
CN¥39.63
+12.0%
14.2%CN¥48.00CN¥32.00CN¥13.946
Feb ’24CN¥33.98
CN¥38.99
+14.7%
15.4%CN¥48.00CN¥32.00CN¥13.455
Jan ’24CN¥31.84
CN¥38.05
+19.5%
16.6%CN¥48.00CN¥32.00CN¥16.075
Dec ’23CN¥30.04
CN¥38.05
+26.7%
16.6%CN¥48.00CN¥32.00CN¥17.185

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 17:00
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shanghai Milkground Food Tech Co., Ltd is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wendan WangChina International Capital Corporation Limited
Yuan XueCitic Securities Co., Ltd.
Xia ShengCitic Securities Co., Ltd.