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Lanzhou Huanghe Enterprise Co Ltd (000929) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Lanzhou Huanghe Enterprise Co Ltd stock ¥5.17, price ¥7.48, that is 30.9% below the price, quality 50 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Consumer Defensive CN · ISIN CNE000000ZD7

LH Lanzhou Huanghe Enterprise Co Ltd logo Thin data Nov 15, 2026

Lanzhou Huanghe Enterprise Co Ltd

000929 · SHE

Expensive (fair value 31% below the price) and price moving sideways, but solid company: meets 1 of 3 rules.

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Low debt 
Quality 50/100 
Price moving sideways (no uptrend) 
Expensive Growth (revenue 5y +3.8 %/yr in CNY) 
Revenue last quarter 35% below a year ago. 
Fair value ¥5.17 · Overvalued 
Loss-making · -33.7% net margin (TTM) 
Negative free cash flow 
Trails peers (1/11) 
Narrow moat 9/100
Thin data 
Estimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥13.39 ¥5.31 Fair Value ¥5.17 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 15, 2026.

How to read this chart

60‑month range ¥5.31 – ¥13.39 · fair‑value band ¥3.88 – ¥6.46 · the ¥7.48 price screens above the ¥5.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 15, 2026.

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Company profile

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.

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The company was founded in 1983 and is based in Lanzhou, China.

Stock analysis

Lanzhou Huanghe Enterprise Co Ltd (000929) currently trades at ¥7.48, while our estimate is ¥5.17, 31% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: ¥3.88 (bear) to ¥6.46 (bull), the price of ¥7.48 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 50/100 (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 1.4B CNY (≈ $209M) Micro · P/S ratio 3.43 · EPS (TTM) ¥−0.7300 · Dividend yield 0.0% · Net margin −33.7% · Return on equity −38.7% · Return on assets (EBIT) −8.1% (5-year average) · Operating margin −62.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 36% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at 21% fair-value upside, at −31%, 000929 screens richer than that median.

Fair Value

Bear ¥3.88 Fair Value ¥5.17 Bull ¥6.46
Price ¥7.48 · Downside -30.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 50/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 72
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 78
Does it invest with discipline instead of growing at any price?
Low Volatility 76
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 11
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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%
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
not computed

000929 screens overvalued: fair value 31% below the price. Compare with Anheuser-Busch InBev SA →

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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 · 57 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 50 · Bottom 25%
Fair Value upside −30.9% · Below median
Profitability
Return on assets −9.4% · Bottom 25%
Net margin (12 months) −33.7% · Bottom 25%
Operating margin (12 months) −62.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −34.7% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.05× · Below median

Valuation Multiplesvs Beverages - Brewers median · lower = cheaper

P/B 3.80× · Priciest 25%
P/S (12 months) 3.43× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 35
FUTURE (revenue growth)0 · sector 13
PAST (return on equity)0 · sector 32
HEALTH (low debt)98 · sector 97
DIVIDEND (yield)1 · sector 60

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

Similar stocks

10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Molson Coors Beverage Company TAP $40.84 $79.18 +94% vs 000929
Royal Unibrew A/S RBREW kr 479.00 kr 667.42 +39% vs 000929
Chongqing Brewery Co 600132 ¥37.90 ¥51.70 +36% vs 000929
Constellation Brands, Inc STZ $145.61 $186.65 +28% vs 000929
Tsingtao Brewery Company 600600 ¥52.49 ¥63.71 +21% vs 000929
Beijing Yanjing Brewery Co 000729 ¥10.96 ¥11.10 +1% vs 000929
Anheuser-Busch InBev SA ABI €76.94 €62.90 −18% vs 000929
Heineken N.V HEIA €84.72 €69.22 −18% vs 000929
Heineken Holding HEIO €80.85 €64.21 −21% vs 000929
United Breweries Limited UBL ₹1,216 ₹141.82 −88% vs 000929

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Lanzhou Huanghe Enterprise Co Ltd: fair value per Fair Value Calculator

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 Nov 15, 2026, our estimate of fair value is ¥5.17 versus a price of ¥7.48, about 31% lower (overvalued).
What is the fair value of 000929?
Our estimate for Lanzhou Huanghe Enterprise Co Ltd is ¥5.17 (as of Nov 15, 2026), built from audited fundamentals. The current price: ¥7.48.
What is the quality score of 000929?
Lanzhou Huanghe Enterprise Co Ltd has a Quality Score of 50/100. 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 calculated price target is the estimate of ¥5.17 (as of Nov 15, 2026). Cautious scenario ¥3.88, optimistic scenario ¥6.46. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Lanzhou Huanghe Enterprise Co Ltd stock forecast for 2026?
Our estimate puts fair value at ¥5.17, about 31% lower versus a price of ¥7.48 (overvalued). Cautious scenario ¥3.88, optimistic scenario ¥6.46. 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 406M CNY (latest available figure, as of Nov 15, 2026).
Does Lanzhou Huanghe Enterprise Co Ltd pay a dividend?
Lanzhou Huanghe Enterprise Co Ltd currently shows a dividend yield of 0.05% relative to its recent price (as of Nov 15, 2026).
How much is the dividend of Lanzhou Huanghe Enterprise Co Ltd (000929)?
Lanzhou Huanghe Enterprise Co Ltd has a dividend yield of 0.0%.
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 ¥5.17 per share (as of Nov 15, 2026), against a price of ¥7.48.
Is Lanzhou Huanghe Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Nov 15, 2026, 000929 trades above its calculated fair value: price ¥7.48, fair value ¥5.17, a gap of about −31% (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 (¥7.48); the fair value is what the company's own numbers justify (¥5.17). For Lanzhou Huanghe Enterprise Co Ltd the two are ¥2.31 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 1.4B CNY (market capitalisation, as of Nov 15, 2026). Per share that is ¥7.48; our models calculate a fair value of ¥5.17 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 ¥3.88, base ¥5.17, optimistic ¥6.46 per share (as of Nov 15, 2026, price ¥7.48). 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 Nov 15, 2026): return on equity −38.7%, debt of 0.05 per unit of equity. They feed the Quality Score of 50/100, 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 ¥7.48, about 36% below its 52-week high of ¥11.62 and 3% above the low of ¥7.25 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.17 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, Constellation Brands, Inc, 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 Nov 15, 2026: price ¥7.48, calculated fair value ¥5.17 (−31%), Quality Score 50/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1% 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 Nov 13, 2026 was ¥7.48. Our estimate is ¥5.17, about 31% lower (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 (¥6.46). 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder.

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 1.4B CNY (≈ $209M). 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 3.43 (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 ¥−0.7300. 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 −33.7% (last twelve months). 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 −38.7% (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 −62.8% (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 down 34.7% 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 down 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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