Lanzhou Huanghe Enterprise Co Ltd (000929) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Lanzhou Huanghe Enterprise Co Ltd ¥4.83, price ¥9.21, upside -47.6%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ¥5.31 – ¥13.39 · fair‑value band ¥3.15 – ¥6.03 · the ¥9.21 price screens above the ¥4.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Lanzhou Huanghe Enterprise Co., Ltd engages in the production and sales of beer, malt, and beverages in China. The company is also involved in packaging printing activities. It sells its products under the Yellow River and Qinghai Lake brands. The company was founded in 1983 and is based in Lanzhou, China.
Stock analysis
Lanzhou Huanghe Enterprise Co Ltd (000929) currently trades at ¥9.21, while our model-based Fair Value estimate is ¥4.83, implying the stock looks roughly 90.7% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the evidence level at low.
Scenario range: ¥3.15 (bear) to ¥6.03 (bull), the price of ¥9.21 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 52/100 (solid quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Lanzhou Huanghe Enterprise Co Ltd reported revenue of 369M CNY in FY2025 versus 309M CNY in FY2021, a compound +4.6%/yr. Reported net income was −90.9M CNY in FY2025.
Key figures
Market cap 1.9B CNY (≈ $277M) · P/S ratio 4.78 · EPS (TTM) ¥−0.6200 · Dividend yield 0.0% · Net margin −24.6% · Return on equity −35.7% · Return on assets (EBIT) −8.1% · Operating margin −61.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).
What moves the price
The share trades about 21% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −2% fair-value upside, at −48%, 000929 screens richer than that median.
Fair Value models
Bear ¥3.15Fair Value ¥4.83Bull ¥6.03
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.20/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+75.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Start year 2020 (pandemic). Over 10 years: −6.2% a year
Revenue growth 29 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−18.9% (2020) → −59.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Lanzhou Huanghe Enterprise Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 - Brewers · 53 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−47.6% · Bottom 25%
Profitability
Return on assets−17.7% · Bottom 25%
Net margin (TTM)−29.5% · Bottom 25%
Operating margin (TTM)−61.1% · Bottom 25%
Growth and dividend
Revenue growth43.1% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
P/B0.76× · Cheapest 25%
P/S (TTM)0.71× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 1
PAST (return on equity)0· sector 34
HEALTH (low debt)98· sector 97
DIVIDEND (yield)1· sector 64
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Lanzhou Huanghe Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000929
Frequently asked questions
Is Lanzhou Huanghe Enterprise Co Ltd (000929) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ¥4.83 versus a price of ¥9.21, about −48% upside (overvalued).
What is the fair value of 000929?
Our model-based fair value for Lanzhou Huanghe Enterprise Co Ltd is ¥4.83 (as of Sep 27, 2026), built from audited fundamentals. The current price: ¥9.21.
What is the quality score of 000929?
Lanzhou Huanghe Enterprise Co Ltd has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lanzhou Huanghe Enterprise Co Ltd (000929)?
Our model-based price target is the fair value of ¥4.83 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ¥3.15, optimistic scenario ¥6.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Lanzhou Huanghe Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at ¥4.83, about −48% upside versus a price of ¥9.21 (overvalued). Cautious scenario ¥3.15, optimistic scenario ¥6.03. The calculation is refreshed regularly with new filings.
What is the revenue of Lanzhou Huanghe Enterprise Co Ltd (000929)?
Lanzhou Huanghe Enterprise Co Ltd reported trailing-twelve-month revenue of about 390M CNY (latest available figure, as of Sep 27, 2026).
Does Lanzhou Huanghe Enterprise Co Ltd pay a dividend?
Lanzhou Huanghe Enterprise Co Ltd currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Lanzhou Huanghe Enterprise Co Ltd (000929)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lanzhou Huanghe Enterprise Co Ltd it is ¥4.83 per share (as of Sep 27, 2026), against a price of ¥9.21. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Lanzhou Huanghe Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 000929 trades above its calculated fair value: price ¥9.21, fair value ¥4.83, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000929?
No. The price is what the market pays today (¥9.21); the fair value is what the company's own numbers justify (¥4.83). For Lanzhou Huanghe Enterprise Co Ltd the two are ¥4.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lanzhou Huanghe Enterprise Co Ltd worth?
The market values Lanzhou Huanghe Enterprise Co Ltd at about 1.9B CNY (market capitalisation, as of Sep 27, 2026). Per share that is ¥9.21; our models calculate a fair value of ¥4.83 per share.
What do the bullish and bearish scenarios say about 000929?
Our models span a range for Lanzhou Huanghe Enterprise Co Ltd: cautious scenario ¥3.15, base ¥4.83, optimistic ¥6.03 per share (as of Sep 27, 2026, price ¥9.21). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lanzhou Huanghe Enterprise Co Ltd (000929)?
Balance-sheet figures for Lanzhou Huanghe Enterprise Co Ltd (as of Sep 27, 2026): return on equity −35.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 000929 from its 52-week high?
Lanzhou Huanghe Enterprise Co Ltd trades at ¥9.21, about 21% below its 52-week high of ¥11.62 and 23% above the low of ¥7.50 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.83 is for.
Which stocks are comparable to Lanzhou Huanghe Enterprise Co Ltd?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Heineken N.V, Fomento Económico Mexicano, S.A., Heineken Holding, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lanzhou Huanghe Enterprise Co Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ¥9.21, calculated fair value ¥4.83 (−48%), Quality Score 52/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000929 calculated?
We run Lanzhou Huanghe Enterprise Co Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥4.83, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Lanzhou Huanghe Enterprise Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The closing price on Sep 28, 2026 was ¥9.21. Our model-based fair value is ¥4.83, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lanzhou Huanghe Enterprise Co Ltd right now?
The price sits above even our optimistic bull case (¥6.03). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥3.15 to ¥6.03) leaves room in how you read the outcome.
Key figures of Lanzhou Huanghe Enterprise Co Ltd
How large is the market capitalisation of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The market capitalisation of Lanzhou Huanghe Enterprise Co Ltd is 1.9B CNY (≈ $277M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The price-to-sales ratio of Lanzhou Huanghe Enterprise Co Ltd is 4.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lanzhou Huanghe Enterprise Co Ltd (000929)?
Earnings per share at Lanzhou Huanghe Enterprise Co Ltd are ¥−0.6200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The dividend yield of Lanzhou Huanghe Enterprise Co Ltd is 0.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The net margin of Lanzhou Huanghe Enterprise Co Ltd is −24.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The return on equity (ROE) of Lanzhou Huanghe Enterprise Co Ltd is −35.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lanzhou Huanghe Enterprise Co Ltd (000929)?
On an EBIT basis the return on assets of Lanzhou Huanghe Enterprise Co Ltd is −8.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lanzhou Huanghe Enterprise Co Ltd (000929)?
The operating margin of Lanzhou Huanghe Enterprise Co Ltd is −61.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lanzhou Huanghe Enterprise Co Ltd (000929)?
Revenue at Lanzhou Huanghe Enterprise Co Ltd is growing +43.1% versus a year earlier (3y avg +11.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lanzhou Huanghe Enterprise Co Ltd (000929)?
Earnings per share at Lanzhou Huanghe Enterprise Co Ltd are growing −21.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lanzhou Huanghe Enterprise Co Ltd (000929) generate?
The free cash flow of Lanzhou Huanghe Enterprise Co Ltd is −277M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Lanzhou Huanghe Enterprise Co Ltd (000929) hold?
Lanzhou Huanghe Enterprise Co Ltd holds more cash than debt, 111M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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