Fortune Ng Fung Food (Hebei)Ltd Valuation

Q: What is the Fair Price of 600965 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

600965 (CN¥4.22) is trading above our estimate of [[fair value]] (CN¥1.12)

Is 600965 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

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 600965 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 600965 (CN¥4.22) is trading above our estimate of fair value (CN¥1.12)

Significantly Below Fair Value: 600965 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 600965?

Key metric: As 600965 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 600965. This is calculated by dividing 600965's market cap by their current revenue.
What is 600965's PS Ratio?
PS Ratio	3.7x
Sales	CN¥916.71m
Market Cap	CN¥3.36b

600965 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	3.7x
Enterprise Value/EBITDA	21.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does 600965's PS Ratio compare to its peers?

The above table shows the PS ratio for 600965 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.4x
000529 Guangdong Guanghong HoldingsLtd	1.4x	21.9%	CN¥3.6b
002548 Shenzhen Kingsino TechnologyLtd	0.8x	n/a	CN¥3.4b
001318 Jiangxi Sunshine Dairy	6x	n/a	CN¥3.1b
300858 Beijing Scitop Bio-tech	13.3x	36.0%	CN¥3.9b
600965 Fortune Ng Fung Food (Hebei)Ltd	3.7x	n/a	CN¥3.4b

Price-To-Sales vs Peers: 600965 is good value based on its Price-To-Sales Ratio (3.8x) compared to the peer average (5.4x).

Price to Sales Ratio vs Industry

How does 600965's PS Ratio compare vs other companies in the CN Food Industry?

5 Companies	Price / Sales	Estimated Growth	Market Cap
603609 Wellhope Foods	0.2x	9.6%	US$1.04b
600073 Shanghai Bright Meat Group	0.3x	n/a	US$895.81m
301116 Jiangsu Yike Food GroupLtd	0.3x	20.1%	US$694.89m
603363 Fujian Aonong Biological Technology Group Incorporation	0.3x	n/a	US$440.92m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: 600965 is expensive based on its Price-To-Sales Ratio (3.8x) compared to the CN Food industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is 600965'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.

600965 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 600965's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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