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← CockpitCompetitor Analysis › 603886.SS Ganso Co., Ltd. Class AOpen in the cockpit ↗

Ganso Co., Ltd. Class A603886.SSCompetitor analysis, valuation and peers

China · CNY·Consumer Staples›Food: Specialty/Candy
Momentum leader 92
Mkt cap
$464M
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$13.3M
20-day average traded
Fwd P/E
11.4×
forward earnings
ROIC−WACC
+135.2 pp
WACC 6.6%
Hurdle
-9 pp
Req g minus delivered
Next earnings
144 days
30 Mar 2027
Close · CNYCN¥12.88
1D-4.2%
1W-5.6%
1M-2.5%
3M+21.2%
6M+0.9%
YTD-7.8%
1Y+3.0%
ATR %5.1%
52w lowhigh14.5% off high

What Ganso does

Employees: 4,620

Ganso at a glance

Size Ganso (603886.SS) is a China Consumer Staples company (Food: Specialty/Candy) with a market value of $464M, the 4046th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.88 on 6 Nov 2026.

Performance Over six months the shares gained 0.9%, against -8.5% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 5.3% over the last twelve months (peer median +8.5%); the operating margin is 6.1% (peer median 5.7%).

Valuation It trades at 11.4× forward earnings against a peer median of 18.1× (2nd cheapest of 13).

Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -9 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 135.2 points above its cost of capital (6.6% WACC).

Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026603886.SS 104Peer median 92
Six months, rebased to 100: Ganso against the median of its 20 peers (local-currency closes).

Ganso financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥2.06BCN¥2.07BCN¥2.29BCN¥2.64BCN¥2.57B
Revenue growth—-10%-13%+3%—
Gross profitCN¥1.30BCN¥1.06BCN¥1.22BCN¥1.39BCN¥1.30B
EBITDAn/aCN¥406MCN¥573MCN¥597MCN¥586M
Net incomeCN¥91.7MCN¥140MCN¥249MCN¥276MCN¥266M
Free cash flowCN¥191MCN¥358MCN¥311MCN¥461MCN¥508M
Capital expenditureCN¥48.1MCN¥71.8MCN¥105MCN¥106MCN¥80.5M
Total debtCN¥276MCN¥327MCN¥338MCN¥334MCN¥352M

Quarterly statements and history in the cockpit →

Ganso competitor charts

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.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%-10%0%+10%00168020032208001215300673YASHO8079272300228645263012200027722220Q01VADILALIND0009722211002991OFRM603886.SS6-month return →1-month return →
Up and to the right = strong over both horizons. Ganso is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%20×40×00168022080012153006738079272300228645263012202220603755002991603886.SSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Ganso is the large dot.

Capital: growth delivered against growth the price implies

0%+25%+50%+75%0%50%00168020032208001215300673YASHOQ01603755VADILALIND000972603886.SSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Ganso is the large dot.

Ganso competitors and peer comparison

How Ganso compares with its peers

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.

Ganso against its 20 peers (data as of 6 Nov 2026)
Measure603886.SSPeer medianRank in peer set
1-month return-2.5%-2.6%11th highest of 21
6-month return+0.9%-8.5%8th highest of 21
Distance from 52-week high-14.5%-24.9%7th highest of 21
Revenue growth (TTM)+5.3%+8.5%8th lowest of 21
Operating margin6.1%5.7%9th highest of 21
Forward P/E11.4×18.1×2nd cheapest of 13
Growth the price implies (Req g, 7 yrs)-11.0%3.9%2nd least demanding of 17
Growth delivered (Del g)-1.9%+6.6%lowest of 17
Hurdle (Req g minus delivered)-9.1 pp-4.0 pp6th least demanding of 17
ROIC minus cost of capital+135.2 pp+0.4 pphighest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Ganso 603886.SSChina$464M+1%+5%6%11.4×-11.0%-1.9%
Daesang 001680.KSSouth Korea$459M-16%+2%4%8.1×-5.6%+7.2%
Nitto Fuji Flour Milling 2003.TJapan$472M+14%0%6%n/a3.0%+5.2%
Bourbon 2208.TJapan$451M+3%+7%6%20.4×-12.1%+0.3%
Zhengzhou Qianweiyangchu Food 001215.SZChina$451M-34%+13%5%42.5×13.9%+15.0%
Petpal Pet Nutrition Technology 300673.SZChina$444M-26%+2%6%45.6×7.5%+1.6%
Yasho Industries YASHO.NSIndia$441M+122%+35%14%n/a33.4%+17.7%
Shoei Foods 8079.TJapan$435M+1%+8%4%17.6×n/an/a
Gourmet Master 2723.TWTaiwan$431M+19%-11%5%14.8×0.9%-1.7%
Baolingbao Biology 002286.SZChina$500M-15%+9%6%18.1×10.0%+6.0%
Riken Vitamin 4526.TJapan$516M+29%+3%7%11.8×-3.9%+4.4%
Kunshan Asia Aroma 301220.SZChina$413M-35%+13%6%24.8×10.8%+12.4%
Tianshui Zhongxing Bio-Technology 002772.SZChina$410M-54%+12%14%n/an/an/a
Kameda Seika 2220.TJapan$525M-8%+17%6%18.0×0.3%+6.0%
QAF Q01.SISingapore$408M-10%0%6%n/a-10.6%+2.4%
Qingdao Richen Food 603755.SSChina$407M-5%+11%17%33.2×20.1%+12.3%
Vadilal Industries VADILALIND.NSIndia$541M+53%+31%16%n/a17.3%+26.5%
Chalkis Health Industry 000972.SZChina$397M-9%+17%-52%n/a-6.8%+89.3%
Fujiya 2211.TJapan$393M-1%+6%1%n/an/an/a
Ganyuan Foods 002991.SZChina$552M-22%0%10%17.1×4.8%+12.4%
Once Upon a Farm, PBC OFRMUnited States$389M-43%+43%-6%n/an/an/a

Questions

Which companies are Ganso's closest peers?
The cockpit's peer set: Daesang (001680.KS), Nitto Fuji Flour Milling (2003.T), Bourbon (2208.T), Zhengzhou Qianweiyangchu Food (001215.SZ), Petpal Pet Nutrition Technology (300673.SZ), Yasho Industries (YASHO.NS), Shoei Foods (8079.T), Gourmet Master (2723.TW).
Is Ganso expensive compared with its peers?
On forward p/e it trades at 11.4× against a peer median of 18.1×, 2nd cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is -9 pp: the price already allows for a slowdown.
How has Ganso stock performed?
Over six months to 6 Nov 2026 the shares returned +0.9% against -8.5% for the median peer; over one year +3.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.