Leshan Giantstar Farming&Husbandry Corporation Limited

SHSE:603477 Stock Report

Market Cap: CN¥9.8b

Leshan Giantstar Farming&Husbandry Valuation

Is 603477 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 603477 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603477 (CN¥19.14) is trading below our estimate of fair value (CN¥121.06)

Significantly Below Fair Value: 603477 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603477?

Key metric: As 603477 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 603477. This is calculated by dividing 603477's market cap by their current revenue.
What is 603477's PS Ratio?
PS Ratio2x
SalesCN¥4.99b
Market CapCN¥9.76b

Price to Sales Ratio vs Peers

How does 603477's PS Ratio compare to its peers?

The above table shows the PS ratio for 603477 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.2x
002041 ShanDongDenghai SeedsLtd
5.9x12.8%CN¥8.8b
300087 Winall Hi-tech Seed
2.2x23.3%CN¥10.2b
002100 TECON BIOLOGYLTD
0.5x13.1%CN¥9.1b
603609 Wellhope Foods
0.2x9.6%CN¥7.8b
603477 Leshan Giantstar Farming&Husbandry
2x37.8%CN¥9.8b

Price-To-Sales vs Peers: 603477 is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (2.2x).

Price to Sales Ratio vs Industry

How does 603477's PS Ratio compare vs other companies in the CN Food Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
603609 Wellhope Foods
0.2x9.6%US$1.07b
600073 Shanghai Bright Meat Group
0.3xn/aUS$914.52m
301116 Jiangsu Yike Food GroupLtd
0.3x20.1%US$792.45m
603363 Fujian Aonong Biological Technology Group Incorporation
0.3xn/aUS$448.41m
603477 2.0xIndustry Avg. 1.8xNo. of Companies23PS01.22.43.64.86+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 603477 is expensive based on its Price-To-Sales Ratio (2x) compared to the CN Food industry average (1.8x).

Price to Sales Ratio vs Fair Ratio

What is 603477's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603477 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: 603477 is good value based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

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 603477 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCN¥19.14
CN¥31.31
+63.6%
35.4%CN¥47.00CN¥23.00n/a3
Nov ’25CN¥20.06
CN¥31.31
+56.1%
35.4%CN¥47.00CN¥23.00n/a3
Oct ’25CN¥21.60
CN¥31.31
+45.0%
35.4%CN¥47.00CN¥23.00n/a3
Sep ’25CN¥17.87
CN¥31.31
+75.2%
35.4%CN¥47.00CN¥23.00n/a3
Aug ’25CN¥21.76
CN¥46.47
+113.5%
5.7%CN¥49.40CN¥43.00n/a3
Jul ’25CN¥29.77
CN¥46.47
+56.1%
5.7%CN¥49.40CN¥43.00n/a3
Jun ’25CN¥33.03
CN¥46.47
+40.7%
5.7%CN¥49.40CN¥43.00n/a3
May ’25CN¥34.82
CN¥46.47
+33.4%
5.7%CN¥49.40CN¥43.00n/a3
Apr ’25CN¥36.93
CN¥46.47
+25.8%
5.7%CN¥49.40CN¥43.00n/a3
Mar ’25CN¥32.20
CN¥43.13
+34.0%
10.3%CN¥49.40CN¥40.00n/a3
Feb ’25CN¥31.18
CN¥45.47
+45.8%
8.8%CN¥49.40CN¥40.00n/a3
Jan ’25CN¥37.47
CN¥45.47
+21.3%
8.8%CN¥49.40CN¥40.00n/a3
Dec ’24CN¥33.09
CN¥39.00
+17.9%
2.6%CN¥40.00CN¥38.00n/a2
Nov ’24CN¥32.29
CN¥39.00
+20.8%
2.6%CN¥40.00CN¥38.00CN¥20.062
Oct ’24CN¥27.47
CN¥36.50
+32.9%
9.6%CN¥40.00CN¥33.00CN¥21.602
Sep ’24CN¥26.31
CN¥36.50
+38.7%
9.6%CN¥40.00CN¥33.00CN¥17.872
Aug ’24CN¥31.38
CN¥39.00
+24.3%
2.6%CN¥40.00CN¥38.00CN¥21.762
Jul ’24CN¥33.35
CN¥36.50
+9.4%
4.1%CN¥38.00CN¥35.00CN¥29.772

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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