Fortune Ng Fung Food (hebei) Co (SHSE:600965) Scaled Net Operating Assets: 0.79 (As of Mar. 2026)

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SHSE:600965 Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
48 GF Score
Price ¥2.48
GF Value ¥5.78
Valuation Possible Value Trap
! 4 Warning Signs
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What is Fortune Ng Fung Food (hebei) Co Scaled Net Operating Assets?

Fortune Ng Fung Food (hebei) Co SHSE:600965 +3.33% 48 Scaled Net Operating Assets is 0.79 as of Mar. 2026. GuruFocus rates SHSE:600965 with a GF Score™ of 48/100 and a GF Value™ of ¥5.78 (Possible Value Trap). The stock has 4 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fortune Ng Fung Food (hebei) Co's operating assets for the quarter that ended in Mar. 2026 was ¥2,476 Mil. Fortune Ng Fung Food (hebei) Co's operating liabilities for the quarter that ended in Mar. 2026 was ¥377 Mil. Fortune Ng Fung Food (hebei) Co's Total Assets for the quarter that ended in Dec. 2025 was ¥2,645 Mil. Therefore, Fortune Ng Fung Food (hebei) Co's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.79.


Fortune Ng Fung Food (hebei) Co Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortune Ng Fung Food (hebei) Co Scaled Net Operating Assets Chart

Fortune Ng Fung Food (hebei) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.58 0.86 0.86 0.81

Fortune Ng Fung Food (hebei) Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.83 0.86 0.86 0.79 0.79

SHSE:600965 vs ADM, BG, TSN: Scaled Net Operating Assets Comparison

For the Farm Products subindustry, Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortune Ng Fung Food (hebei) Co Scaled Net Operating Assets vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets falls into.


SHSE:600965
48GF Score
Fortune Ng Fung Food (hebei) Co Ltd SHSE:600965
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fortune Ng Fung Food (hebei) Co Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2406.676-305.838)/2601.047
=0.81

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2644.554 - 237.878
=2406.676

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=435.37 - 122.438 - 7.094
=305.838

Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2475.598-376.792)/2644.554
=0.79

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2736.275 - 260.677
=2475.598

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=505.295 - 122.214 - 6.289
=376.792

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.79 mean?
Fortune Ng Fung Food (hebei) Co (SHSE:600965) has a Scaled Net Operating Assets of 0.79 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fortune Ng Fung Food (hebei) Co and its competitors.
Is Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets too high?
Fortune Ng Fung Food (hebei) Co's current Scaled Net Operating Assets is 0.79. Overall, Fortune Ng Fung Food (hebei) Co has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets compare to ADM and BG?
Fortune Ng Fung Food (hebei) Co's Scaled Net Operating Assets of 0.79 can be compared against companies in the Consumer Packaged Goods industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Consumer Packaged Goods company?
A good Scaled Net Operating Assets depends on the Consumer Packaged Goods industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fortune Ng Fung Food (hebei) Co and its competitors. Fortune Ng Fung Food (hebei) Co's current Scaled Net Operating Assets is 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortune Ng Fung Food (hebei) Co stock overvalued right now?
Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co (SHSE:600965) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.78, compared to a current price of ¥2.48 — trading 57.1% below its estimated fair value. The current Scaled Net Operating Assets is 0.79. Fortune Ng Fung Food (hebei) Co's overall GF Score™ is 48/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Fortune Ng Fung Food (hebei) Co (SHSE:600965), the current Scaled Net Operating Assets is 0.79 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortune Ng Fung Food (hebei) Co (SHSE:600965) Overvalued in 2026?

Based on GuruFocus' analysis, Fortune Ng Fung Food (hebei) Co stock appears to be undervalued. The current stock price of ¥2.48 is trading 57.1% below its estimated GF Value™ of ¥5.78. GuruFocus considers Fortune Ng Fung Food (hebei) Co to be Possible Value Trap.

Key valuation signals for SHSE:600965:

  • Scaled Net Operating Assets: 0.79
  • GF Value™: ¥5.78 vs. price of ¥2.48 (57.1% below fair value)
  • GF Score™: 48/100 with 4 warning signs

No single metric tells the full story. See the SHSE:600965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fortune Ng Fung Food (hebei) Co Business Description

Address Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
48GF Score

Get the complete analysis for SHSE:600965

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥2.48
Price
¥5.78
GF Value