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New Hope Liuhe Co Ltd (000876) Fair Value & Analysis

Consumer Defensive · CN · Market cap 29.6B CNY (≈ $4.4B) · ISIN CNE000000VB0

What is New Hope Liuhe Co Ltd really worth?

NH New Hope Liuhe Co Ltd 000876 · SHE
Price¥7.70
Fair Value¥12.32
Upside+60.0%
Quality49/100

Below-average quality, trading 38% below our fair value of ¥12.32.

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Strengths

Moderate debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y −0.5 %/yr)
!Loss-making · -2.9% net margin
!Mixed vs. peers (6/14)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!Weak on balance sheet: 28 out of 100
Evidence: Low Range ¥5.10 – ¥19.54

Fair value as of: Aug 25, 2026

From 10 valuation models · updated 11 days ago

Fair value updated Aug 25, 2026, revised from ¥6.33 to ¥12.32 (+94.6%) since Aug 13, 2026. Share price +11.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The model range is unusually wide (¥5.10 to ¥19.54). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (49/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

¥21.36 ¥5.96 Fair Value ¥12.32 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range ¥5.96 – ¥21.36 · fair‑value band ¥5.10 – ¥19.54 · the ¥7.70 price screens below the ¥12.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

New Hope Liuhe Co Ltd (000876) currently trades at ¥7.70, while our model-based Fair Value estimate is ¥12.32, implying the stock looks roughly 37.5% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of ¥20.54 per share, and 8 of the 9 models we run sit above the ¥7.70 price. Bear case: the Asset-Based group reads lowest at ¥3.30, and 1 of the 9 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, New Hope Liuhe Co Ltd generated revenue of 110B CNY at a net margin of −2.9%. Revenue grew 11.8% year over year. It earns a return on equity of −9.0%. Net debt stands at 38.3B CNY. Fundamentals as of Aug 25, 2026

Our scenario range runs from ¥5.10 (bear case) to ¥19.54 (bull case); at ¥7.70, the current price sits within 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 27% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −19% fair-value upside, at 60%, 000876 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ¥19.98 ¥37.43 ¥86.90 73
Growth DCF ¥18.85 ¥42.20 ¥86.49 73
5Y EBITDA Exit ¥9.74 ¥20.54 ¥39.63 71
All 10 models by family
DCF Models
FCF DCF ¥19.98 ¥37.43 ¥86.90 73
5Y Revenue Exit ¥3.91 ¥7.88 ¥14.83 69
5Y EBITDA Exit ¥9.74 ¥20.54 ¥39.63 71
10Y Revenue Exit ¥8.52 ¥15.71 ¥22.50 66
10Y EBITDA Exit ¥12.72 ¥26.65 ¥50.50 64
Multiples
EV/EBIT ¥0.9900 61
EV/EBITDA ¥5.94 ¥9.65 ¥13.36 66
Asset-Based
NCAV (Graham) ¥2.47 ¥3.30 ¥4.93 54
Growth DCF
Growth DCF ¥18.85 ¥42.20 ¥86.49 73
Rev-Margin DCF ¥3.91 ¥8.82 ¥15.97 69

Widest divergence: DCF Models (¥20.54) versus Asset-Based (¥3.30). Highest evidence: FCF DCF (73).

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Key figures & financial health

P/S ratio 0.27 TTM
EPS (TTM) ¥−0.7000
Net margin −1.7% FY2025
Return on equity −9.0% TTM
Return on assets (EBIT) −0.7% avg 5y
Operating margin 0.1% TTM
More key figures
Growth
Revenue (TTM) 110B CNY TTM
Revenue growth (YoY) +11.8% 3y avg −8.9%
Balance sheet & cash flow
Free cash flow 7.2B CNY FY2025
Net debt 38.3B CNY FY2025 · ≈ 5.3 yrs of FCF

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 46 · Market factors (momentum, volatility) 41

Profitability 20
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

New Hope Liuhe Co.,Ltd., together with its subsidiaries, produces and processes compound feed, concentrated feed, and concentrate supplements in China, Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, Egypt, and internationally. The company offers pig, poultry, and fish feed products.

Full company description

New Hope Liuhe Co.,Ltd., together with its subsidiaries, produces and processes compound feed, concentrated feed, and concentrate supplements in China, Vietnam, the Philippines, Bangladesh, Indonesia, Cambodia, Sri Lanka, Singapore, Egypt, and internationally. The company offers pig, poultry, and fish feed products. It also engages in the breeding and slaughtering of pigs, as well as the processing of meat products. The company was formerly known as Sichuan New Hope Agribusiness Co., Ltd. New Hope Liuhe Co.,Ltd. was incorporated in 1998 and is headquartered in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

New Hope Liuhe Co Ltd reported revenue of 107B CNY in FY2025 versus 126B CNY in FY2021, a compound −4.1%/yr. Reported net income was −1.8B CNY in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
107B CNY
Latest YoY
+3.7%
Avg. revenue 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.
−8.9%
Avg. revenue 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.
−0.5%
Avg. revenue growth/yr (31Y) 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.
+21.9%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue −4.1%/yr
FY21 126B CNY
FY22 142B CNY
FY23 142B CNY
FY24 103B CNY
FY25 107B CNY
Net income
FY21 −9.6B CNY
FY22 −1.5B CNY
FY23 249M CNY
FY24 474M CNY
FY25 −1.8B CNY
Character of growth · EPS growth decomposed (2013-2024) −18.2 % p.a.
Revenue per share +4.6 %

of which total revenue +6.6 % · buybacks/dilution −1.8 %

EBIT margin −20.0 %
Tax rate −4.6 %
Residual (interest, one-offs) +2.4 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "New Hope Liuhe Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000876

Peer Group

Farm Products · 292 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 49 · Below median
Fair Value upside +60% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) −3% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.44× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/B 0.20× · Cheaper than 75% of peers
P/S (TTM) 0.04× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than median
EV/EBITDA 7.3× · Pricier than median
PEG 0.32× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE59 · sector 21
PAST0 · sector 19
HEALTH28 · sector 94
DIVIDEND0 · sector 49

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

Similar stocks

10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
Archer-Daniels-Midland Company ADM $81.54 $38.02 −53%
Muyuan Foods Group 002714 ¥40.15 ¥47.42 +18%
Bunge Global SA BG $111.57 $56.19 −50%
Tyson Foods, Inc TSN $55.40 $28.60 −48%
Wens Foodstuff Group 300498 ¥13.80 ¥11.18 −19%
Mowi ASA MOWI kr 201.80 kr 256.14 +27%
Fujian Wanchen Food Group 300972 ¥201.06 ¥143.09 −29%
United Plantations Berhad 2089 32.60 MYR 23.34 MYR −28%
Charoen Pokphand Foods Public Company CPF 23.40 THB 43.24 THB +85%
PT Charoen Pokphand Indonesia Tbk, CPIN 2,960 IDR 6,818 IDR +130%

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Frequently asked questions

Is New Hope Liuhe Co Ltd (000876) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of ¥12.32 versus a price of ¥7.70, about +60% upside (undervalued).
What is the fair value of 000876?
Our model-based fair value for New Hope Liuhe Co Ltd is ¥12.32 (as of Aug 25, 2026), built from audited fundamentals. The current price: ¥7.70.
What is the quality score of 000876?
New Hope Liuhe Co Ltd has a Quality Score of 49/100. 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 New Hope Liuhe Co Ltd (000876)?
New Hope Liuhe Co Ltd reported trailing-twelve-month revenue of about 110B CNY (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 000876?
The net profit margin of New Hope Liuhe Co Ltd is about −2.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
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