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E-commerce-born Chinese snack brand selling nuts, dried fruit and packaged snacks online and through its own stores.
E-commerce-born Chinese snack brand selling nuts, dried fruit and packaged snacks online and through its own stores.
Owns the brand and product design while contract factories make most of the goods, so profit comes from brand-led selling rather than manufacturing. It started on online marketplaces, which have historically carried most sales, and has since added its own stores to reach shoppers who buy snacks offline.
In one line: China's online-first snack brand, like a digital-native trail-mix company.
Moat: narrow (brand, distribution). Strong e-commerce brand recognition though largely an outsourced-manufacturing model with thin differentiation.
Headquarters: Wuhu, China · Founded: 2012 · Employees: 3,329
Size Three Squirrels (300783.SZ) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $1.66B, the 1491st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.17 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against -7.1% for the median peer and -16.4% for the China market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 13.0% over the last twelve months (peer median +2.7%); the operating margin is 2.1% (peer median 6.2%).
Valuation It trades at 21.5× forward earnings against a peer median of 18.2× (7th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +19 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.4 points above its cost of capital (9.3% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥9.75B | CN¥10.2B | CN¥10.6B | CN¥7.09B | CN¥7.27B |
| Revenue growth | — | -4% | +49% | -2% | — |
| Gross profit | CN¥2.51B | CN¥2.42B | CN¥2.53B | CN¥1.56B | CN¥1.76B |
| EBITDA | n/a | CN¥235M | CN¥509M | CN¥222M | CN¥198M |
| Net income | CN¥251M | CN¥155M | CN¥408M | CN¥220M | CN¥129M |
| Free cash flow | CN¥544M | CN¥8.64M | CN¥397M | CN¥318M | -CN¥115M |
| Capital expenditure | CN¥248M | CN¥237M | CN¥265M | CN¥70.1M | CN¥213M |
| Total debt | CN¥706M | CN¥831M | CN¥527M | CN¥560M | CN¥358M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Three Squirrels 300783.SZ | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% |
| Chacha Food 002557.SZ | $1.46B | -17% | +8% | 8% | 15.8× | n/a |
| Yankershop Food 002847.SZ | $1.64B | -30% | 0% | 14% | 14.6× | 2.9% |
| Bestore 603719.SS | $587M | -11% | 0% | 0% | 140.6× | 6.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300783.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.7% | +3.1% | 10th lowest of 21 |
| 6-month return | -11.5% | -7.1% | 10th lowest of 21 |
| Distance from 52-week high | -33.7% | -17.7% | 7th lowest of 21 |
| Revenue growth (TTM) | -13.0% | +2.7% | lowest of 21 |
| Operating margin | 2.1% | 6.2% | lowest of 21 |
| Forward P/E | 21.5× | 18.2× | 7th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 19.5% | 2.4% | 2nd most demanding of 17 |
| Growth delivered (Del g) | +0.8% | +7.2% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | +18.7 pp | -6.7 pp | 3rd most demanding of 17 |
| ROIC minus cost of capital | +0.4 pp | +0.7 pp | 11th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Three Squirrels 300783.SZ | China | $1.66B | -12% | -13% | 2% | 21.5× | 19.5% | +0.8% |
| Nomad Foods NOMD | United States | $1.64B | +24% | +3% | 13% | 7.3× | -4.1% | +3.6% |
| J & J Snack Foods JJSF | United States | $1.68B | +18% | -5% | 6% | 24.1× | 6.8% | +9.1% |
| Corbion CRBN.AS | Netherlands | $1.73B | +37% | -3% | 8% | 19.6× | 11.5% | +5.1% |
| Nongshim 004370.KS | South Korea | $1.74B | +8% | +5% | 6% | 11.8× | -16.1% | +5.9% |
| Sanquan Foods 002216.SZ | China | $1.56B | -18% | +7% | 5% | 18.1× | 2.6% | -1.1% |
| Cloetta CLA-B.ST | Sweden | $1.82B | +16% | 0% | 14% | 20.9× | -0.3% | +8.4% |
| Anhui Jinhe Industrial 002597.SZ | China | $1.83B | -8% | +22% | 4% | 19.4× | 10.3% | +6.0% |
| Kagome 2811.T | Japan | $1.51B | +3% | +3% | 7% | 24.0× | 2.2% | +10.0% |
| NIPPN 2001.T | Japan | $1.50B | +8% | +2% | 5% | 11.3× | n/a | n/a |
| Robertet RBT.PA | France | $1.84B | +4% | 0% | 15% | 18.3× | -0.4% | +9.4% |
| Chacha Food 002557.SZ | China | $1.46B | -17% | +8% | 8% | 15.8× | n/a | n/a |
| Qianhe Condiment & Food 603027.SS | China | $1.43B | -21% | -6% | 14% | 23.9× | 3.1% | +8.8% |
| Flowers Foods FLO | United States | $1.42B | -20% | +2% | 6% | 8.8× | -7.6% | +3.7% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |
| Yantai China Pet Foods 002891.SZ | China | $1.39B | -15% | +21% | 4% | 32.6× | n/a | n/a |
| CCL Products (India) CCL.NS | India | $1.37B | -20% | +24% | 13% | 25.8× | 17.9% | +29.1% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Huabao International 0336.HK | Hong Kong | $1.34B | -25% | +13% | 3% | 25.3× | 16.2% | -2.7% |
| Fufeng 0546.HK | Hong Kong | $1.31B | -37% | +1% | 4% | 7.4× | n/a | n/a |