Sichuan Tuopai Shede Wine Co Ltd (600702) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sichuan Tuopai Shede Wine Co Ltd stock ¥14.10, price ¥33.45, that is 57.8% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Sichuan Tuopai Shede Wine Co Ltd
600702 · SHGOur calculation puts a fair price 58% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range ¥30.32 – ¥255.22 · fair‑value band ¥10.58 – ¥14.58 · the ¥33.45 price screens above the ¥14.10 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Shede Spirits Co., Ltd., together with its subsidiaries, designs, produces, and sells of liquor products in China.
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It engages in the production and sale of glass products; wholesale and retail of alcoholic beverages and their packaging materials; grain purchase and sale; material procurement and sale; and commercial trade.
The company is also involved in domestic tourism; tourism scenic area development; exhibition and display services; sales of pre-packaged food; wine distribution, food sales, online food sales, food import and export, brand management, marketing planning, and internet sales; and inspection and testing services; and road freight transport, general cargo warehousing services, loading and unloading, operation of road freight transport stations, and domestic freight forwarding.
In addition, it engages in the provision of technology promotion services; business management consulting; economic and trade consulting; conference services; exhibition and display organization; etiquette services; corporate planning; public relations services; market research; software development; computer system services; data processing; sales of computers, software, and auxiliary equipment; software development; and computer graphic design and production.
The company offers its products under the Shede, Toupai, and Tunzhihu brands. Shede Spirits Co., Ltd.was founded in 1940 and is headquartered in Shehong, China.
Stock analysis
Sichuan Tuopai Shede Wine Co Ltd (600702) currently trades at ¥33.45, while our model-based Fair Value estimate is ¥14.10, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥12.92 per share, and 1 of the 16 models we run sit above the ¥33.45 price.
Bear case: the Dividend Discount group reads lowest at ¥6.05, and 15 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥10.58 (bear) to ¥14.58 (bull), the price of ¥33.45 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Consumer Defensive sector.
Mixed Growth: Spin-off in 2000: revenue and profit before it include the divested business. Growth is measured afresh from 2000.
Sichuan Tuopai Shede Wine Co Ltd reported revenue of 3.7B CNY in FY2025 versus 5.0B CNY in FY2021, a compound −6.8%/yr. Reported net income was 223M CNY in FY2025, compounding −35.0%/yr from FY2021.
Key figures
Market cap 11.0B CNY (≈ $1.6B) Small · P/S ratio 2.54 · EPS (TTM) ¥−0.2300 · Dividend yield 0.9% · Net margin −1.9% · Return on equity −1.2% · Return on assets (EBIT) 14.3% (5-year average) · Operating margin −15.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (medium confidence).
What moves the price
The share trades about 50% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 14% fair-value upside, at −58%, 600702 screens richer than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
600702 screens overvalued: fair value 58% below the price. Compare with Kweichow Moutai Co →
Compare Sichuan Tuopai Shede Wine Co Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Beverages - Wineries & Distilleries · 91 stocks
Valuation Multiplesvs Beverages - Wineries & Distilleries median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Consumer Staples sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Luzhou Laojiao Co 000568 | ¥81.17 | ¥154.52 | +90% | vs 600702 |
| Thai Beverage Public Company Y92 | 0.4350 SGD | 0.7200 SGD | +66% | vs 600702 |
| Shanxi Xinghuacun Fen Wine Factory Co 600809 | ¥132.00 | ¥209.69 | +59% | vs 600702 |
| Anhui Gujing Distillery Co 000596 | ¥105.01 | ¥141.00 | +34% | vs 600702 |
| Kweichow Moutai Co 600519 | ¥1,453 | ¥1,653 | +14% | vs 600702 |
| Wuliangye Yibin Co 000858 | ¥75.34 | ¥83.40 | +11% | vs 600702 |
| Pernod Ricard SA RI | €71.14 | €56.13 | −21% | vs 600702 |
| Jiangsu Yanghe Distillery Co 002304 | ¥37.86 | ¥24.22 | −36% | vs 600702 |
| Radico Khaitan Limited RADICO | ₹4,515 | ₹1,705 | −62% | vs 600702 |
| United Spirits Limited UNITDSPR | ₹1,418 | ₹381.82 | −73% | vs 600702 |
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Frequently asked questions
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Key figures of Sichuan Tuopai Shede Wine Co Ltd
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