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Fujian Wanchen Biotechnology Co. Ltd (300972) Fair Value & Analysis

Consumer Defensive · CN · Market cap 37.8B CNY (≈ $5.6B) · ISIN CNE100004KH1

What is Fujian Wanchen Biotechnology Co. Ltd really worth?

FW Fujian Wanchen Biotechnology Co. Ltd 300972 · SHE
Price¥184.35
Fair Value¥143.09
Upside−22.4%
Quality60/100

A solid business, but trading 29% above our fair value of ¥143.09.

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Strengths

Healthy Growth (revenue 5y +158.0 %/yr)
Moderate debt · generates free cash flow

Risks

!Thin margins · 3.1% net margin
!Mixed vs. peers (6/14)
!Moderate moat 54/100
!The models disagree: range ¥107.32 to ¥405.52
!Weak on valuation: 3 out of 100
!Weak on dividend: 11 out of 100

For context

·0.54% dividend yield
Evidence: High Range ¥107.32 – ¥405.52

Fair value as of: Aug 22, 2026

From 24 valuation models · updated 14 days ago

Share price −10.2% 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 (¥107.32 to ¥405.52). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥232.89 ¥10.23 Fair Value ¥143.09 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ¥10.23 – ¥232.89 · fair‑value band ¥107.32 – ¥405.52 · the ¥184.35 price screens above the ¥143.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Fujian Wanchen Biotechnology Co. Ltd (300972) currently trades at ¥184.35, while our model-based Fair Value estimate is ¥143.09, implying the stock looks roughly 28.8% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth DCF group reads highest at a median of ¥416.62 per share, and 17 of the 24 models we run sit above the ¥184.35 price. Bear case: the Economic Profit group reads lowest at ¥83.21, and 7 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Fujian Wanchen Biotechnology Co. Ltd generated revenue of 57.3B CNY at a net margin of 3.1%. Revenue grew 53.7% year over year. It earns a return on equity of 114.0%. Net debt stands at 144M CNY. Fundamentals as of Aug 22, 2026

Our scenario range runs from ¥107.32 (bear case) to ¥405.52 (bull case); at ¥184.35, 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 24% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 18% fair-value upside, at −22%, 300972 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥5.31 per share, which is 3.7 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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 ¥322.22 ¥496.07 ¥1,050 73
Growth DCF ¥304.20 ¥584.99 ¥1,045 73
EPV ¥145.21 ¥166.23 ¥184.63 71
All 24 models by family
DCF Models
FCF DCF ¥322.22 ¥496.07 ¥1,050 73
Owner Earnings ¥140.73 ¥295.90 ¥621.65 69
5Y Revenue Exit ¥225.50 ¥366.46 ¥660.66 68
5Y EBITDA Exit ¥235.28 ¥386.23 ¥681.67 70
5Y P/E Exit ¥183.12 ¥340.82 ¥548.07 67
10Y Revenue Exit ¥250.42 ¥503.90 ¥657.87 64
10Y EBITDA Exit ¥264.48 ¥524.95 ¥966.02 63
10Y P/E Exit ¥226.42 ¥412.63 ¥700.95 60
Earnings-Based
Graham-Dodd ¥46.33 ¥323.13 ¥453.46 61
Lynch FV ¥166.94 ¥238.48 ¥310.03 59
PEG = 1.0 ¥166.94 ¥238.48 ¥310.03 55
EPV ¥145.21 ¥166.23 ¥184.63 71
Multiples
P/E Multiple ¥107.32 ¥143.09 ¥178.86 63
P/S Multiple ¥86.88 ¥115.84 ¥144.79 58
P/B Multiple ¥31.01 ¥41.34 ¥51.68 55
EV/EBIT ¥232.82 ¥304.06 ¥375.31 66
EV/EBITDA ¥195.47 ¥254.27 ¥313.06 67
EV/Revenue ¥171.64 ¥237.01 ¥302.39 54
Asset-Based
NCAV (Graham) ¥3.76 ¥5.04 ¥7.52 54
Growth DCF
Growth DCF ¥304.20 ¥584.99 ¥1,045 73
Rev-Margin DCF ¥246.40 ¥416.62 ¥773.57 67
Economic Profit
Residual Income ¥47.45 ¥83.21 ¥2,312 61
ROIC Compounder ¥145.21 ¥166.23 ¥184.63 70
Growth Earnings
Growth-Adj P/E ¥218.36 ¥311.94 ¥405.52 65

Widest divergence: Growth DCF (¥416.62) versus Asset-Based (¥5.04). Highest evidence: FCF DCF (73).

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Key figures & financial health

P/E ratio 20.9
P/S ratio 0.55 P/E × margin
EPS (TTM) ¥8.81 price ÷ EPS = P/E 20.9
Dividend yield 0.5% payout 11.4%
Net margin 2.6% FY2025
Return on equity 114% TTM
More key figures
Profitability
Return on assets (EBIT) 11.0% avg 5y
Operating margin 7.1% TTM
Growth
Revenue (TTM) 57.3B CNY TTM
Revenue growth (YoY) +53.7% 3y avg +354%
EPS growth (YoY) +191%
Balance sheet & cash flow
Free cash flow 3.6B CNY FY2025
Net debt 144M CNY FY2022 · ≈ 0.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 63 · Market factors (momentum, volatility) 48

Profitability 80
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 19
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

Fujian Wanchen Food Group Co., Ltd., together with its subsidiaries, engages in the research, development, cultivation, production, and sale of edible fungi in China and internationally. The company provides white and golden enoki, crab, white jade, deer antler, seafood, oyster, and other mushrooms products.

Full company description

Fujian Wanchen Food Group Co., Ltd., together with its subsidiaries, engages in the research, development, cultivation, production, and sale of edible fungi in China and internationally. The company provides white and golden enoki, crab, white jade, deer antler, seafood, oyster, and other mushrooms products. It is also involved in breeding and fruit testing to produce new variants of edible fungi. The company sells its products through supermarket chains, restaurants, and online food platforms. It exports its products. The company was formerly known as Fujian Wanchen Biotechnology Group Co.,Ltd. and changed its name to Fujian Wanchen Food Group Co., Ltd. in January 2026. Fujian Wanchen Food Group Co., Ltd. was founded in 2011 and is headquartered in Zhangpu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fujian Wanchen Biotechnology Co. Ltd reported revenue of 51.5B CNY in FY2025 versus 435M CNY in FY2021, a compound +229.9%/yr. Reported net income was 1.3B CNY in FY2025, compounding +175.2%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
51.5B CNY
Latest YoY
+59.2%
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.
+354.2%
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.
+158.0%
Avg. revenue growth/yr (6Y) 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.
+120.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+55.3% (54.8 + 0.5)
Revenue +229.9%/yr
FY21 435M CNY
FY22 549M CNY
FY23 9.3B CNY
FY24 32.3B CNY
FY25 51.5B CNY
Net income +175.2%/yr
FY21 23.4M CNY
FY22 47.7M CNY
FY23 −82.9M CNY
FY24 294M CNY
FY25 1.3B CNY

300972 screens 29% overvalued. Compare with Archer-Daniels-Midland Company →

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Cite: Fair Value Calculator (2026). "Fujian Wanchen Biotechnology Co. Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300972

Peer Group

Farm Products · 293 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 60 · Above median
Fair Value upside −22% · Below median
Return on equity (TTM) 114% · Top 25%
Return on assets 27% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth 54% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.66× · Higher than 75% of peers

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 20.9× · Pricier than median
P/B 25.49× · Pricier than 75% of peers
P/S (TTM) 0.66× · Pricier than median
P/FCF 1.6× · Cheaper than median
EV/EBITDA 8.7× · Pricier than median

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
VALUE3 · sector 25
FUTURE100 · sector 21
PAST100 · sector 19
HEALTH67 · sector 94
DIVIDEND11 · 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

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10 more Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

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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%
L.D.C. S.A LOUP €112.20 €184.99 +65%

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Frequently asked questions

Is Fujian Wanchen Biotechnology Co. Ltd (300972) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ¥143.09 versus a price of ¥184.35, about −22% upside (overvalued).
What is the fair value of 300972?
Our model-based fair value for Fujian Wanchen Biotechnology Co. Ltd is ¥143.09 (as of Aug 22, 2026), built from audited fundamentals. The current price: ¥184.35.
What is the quality score of 300972?
Fujian Wanchen Biotechnology Co. Ltd has a Quality Score of 60/100. 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 Fujian Wanchen Biotechnology Co. Ltd (300972)?
Fujian Wanchen Biotechnology Co. Ltd reported trailing-twelve-month revenue of about 57.3B CNY (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 300972?
The net profit margin of Fujian Wanchen Biotechnology Co. Ltd is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Fujian Wanchen Biotechnology Co. Ltd pay a dividend?
Fujian Wanchen Biotechnology Co. Ltd currently shows a dividend yield of about 0.54% relative to its recent price (as of Aug 22, 2026).
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