Why is Qianhe Condiment & Food Co., Ltd. ?
1
With a fall in Net Sales of -29.9%, the company declared Very Negative results in Mar 25
- The company has declared negative results for the last 4 consecutive quarters
- The company has declared negative results in Jun 24 after 6 consecutive negative quarters
- INTEREST(9M) At CNY 2.43 MM has Grown at 40,566.61%
- OPERATING CASH FLOW(Y) Lowest at CNY 333.24 MM
- NET SALES(9M) At CNY 2,295.31 MM has Grown at -10.1%
2
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -6.25% returns in the last 1 year, the stock has also underperformed China Shanghai Composite in each of the last 3 annual periods
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Qianhe Condiment & Food Co., Ltd. for you?
Medium Risk, Low Return
Absolute
Risk Adjusted
Volatility
Qianhe Condiment & Food Co., Ltd.
-6.25%
-1.07
34.53%
China Shanghai Composite
14.77%
1.01
14.58%
Quality key factors
Factor
Value
Sales Growth (5y)
12.45%
EBIT Growth (5y)
9.52%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.32
Sales to Capital Employed (avg)
0.85
Tax Ratio
15.55%
Dividend Payout Ratio
99.94%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
20.77%
ROE (avg)
13.21%
Valuation Key Factors 
Factor
Value
P/E Ratio
25
Industry P/E
Price to Book Value
2.84
EV to EBIT
20.83
EV to EBITDA
15.21
EV to Capital Employed
3.75
EV to Sales
3.46
PEG Ratio
NA
Dividend Yield
4.72%
ROCE (Latest)
17.99%
ROE (Latest)
11.42%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Sideways
Moving Averages
Bullish (Daily)
KST
Bullish
Mildly Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Movement
1What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -10.69% (YoY
-16What is not working for the Company
INTEREST(9M)
At CNY 2.43 MM has Grown at 40,566.61%
OPERATING CASH FLOW(Y)
Lowest at CNY 333.24 MM
NET SALES(9M)
At CNY 2,295.31 MM has Grown at -10.1%
ROCE(HY)
Lowest at 14.02%
INVENTORY TURNOVER RATIO(HY)
Lowest at 2.39%
Here's what is working for Qianhe Condiment & Food Co., Ltd.
Raw Material Cost
Fallen by -10.69% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Qianhe Condiment & Food Co., Ltd.
Interest
At CNY 1.25 MM has Grown at 20,868.43%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (CNY MM)
Operating Cash Flow
Lowest at CNY 333.24 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)
Net Sales
At CNY 2,295.31 MM has Grown at -10.1%
Year on Year (YoY)MOJO Watch
Near term sales trend is negative
Net Sales (CNY MM)
Inventory Turnover Ratio
Lowest at 2.39%
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio






