Loading…
World's second-largest yeast producer, making yeast, yeast extracts and related bio-fermentation products for food and feed.
World's second-largest yeast producer, making yeast, yeast extracts and related bio-fermentation products for food and feed.
Sells yeast and yeast extracts as ingredients to bakeries, brewers and food makers, with molasses, a sugar by-product, as the main raw material so its price shapes cost. It has built plants abroad, such as in Egypt, to serve overseas markets, where exports are a growing share.
In one line: A Chinese Lesaffre/Lallemand.
Moat: narrow (scale, process know-how, cost advantage). Large-scale fermentation capacity gives cost advantages behind global leaders Lesaffre and Lallemand.
Headquarters: Yichang, Hubei, China · Founded: 1986 · Employees: 12,724
Size Angel Yeast (600298.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $4.97B, the 507th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥38.20 on 6 Nov 2026.
Performance Over six months the shares gained 1.6%, against +4.6% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 15.4% over the last twelve months (peer median +7.0%); the operating margin is 10.9% (peer median 9.6%).
Valuation It trades at 19.1× forward earnings against a peer median of 15.9× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (6.3% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.6B | CN¥16.7B | CN¥15.2B | CN¥13.5B | CN¥12.8B |
| Revenue growth | — | +10% | +12% | +6% | — |
| Gross profit | CN¥5.22B | CN¥3.95B | CN¥3.43B | CN¥3.13B | CN¥3.08B |
| EBITDA | n/a | CN¥2.75B | CN¥2.32B | CN¥2.11B | CN¥1.97B |
| Net income | CN¥1.60B | CN¥1.54B | CN¥1.32B | CN¥1.27B | CN¥1.32B |
| Free cash flow | CN¥213M | CN¥779M | -CN¥67.1M | -CN¥382M | -CN¥1.47B |
| Capital expenditure | CN¥1.77B | CN¥1.70B | CN¥1.72B | CN¥1.71B | CN¥2.54B |
| Total debt | CN¥8.88B | CN¥8.45B | CN¥6.94B | CN¥5.77B | CN¥4.63B |
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 |
|---|---|---|---|---|---|---|
| Angel Yeast 600298.SS | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% |
| DSM-Firmenich DSFIR.AS | $29.5B | +62% | -45% | 8% | 30.1× | 24.3% |
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 | 600298.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | +8.0% | 7th lowest of 21 |
| 6-month return | +1.6% | +4.6% | 11th highest of 21 |
| Distance from 52-week high | -17.0% | -15.1% | 10th lowest of 21 |
| Revenue growth (TTM) | +15.4% | +7.0% | 6th highest of 21 |
| Operating margin | 10.9% | 9.6% | 9th highest of 21 |
| Forward P/E | 19.1× | 15.9× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 1.0% | 8th most demanding of 17 |
| Growth delivered (Del g) | +13.4% | +9.3% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -9.4 pp | -8.6 pp | 8th least demanding of 17 |
| ROIC minus cost of capital | +4.0 pp | +2.3 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Ingredion INGR | United States | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% | +3.8% |
| Anjoy Foods 2648.HK | Hong Kong | $3.83B | -20% | +24% | 12% | 11.6× | -2.9% | +17.5% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Post POST | United States | $3.65B | -19% | +6% | 10% | 11.8× | -2.1% | +7.4% |
| Campbell's CPB | United States | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% | +2.8% |
| Vita Coco COCO | United States | $3.56B | -13% | +26% | 20% | 30.2× | 8.4% | +14.4% |
| Ashland ASH | United States | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% | -2.5% |
| Jinan Shengquan Group Share 605589.SS | China | $3.46B | -30% | +12% | 8% | 19.7× | n/a | n/a |
| Orion 271560.KS | South Korea | $3.45B | -18% | +11% | 17% | 9.9× | -17.1% | +8.4% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Lamb Weston LW | United States | $7.61B | +31% | +3% | 10% | 16.6× | 4.0% | +12.5% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| Darling Ingredients DAR | United States | $7.92B | -20% | +16% | 9% | 7.3× | 9.0% | +11.4% |