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Guangdong Yantang Dairy Co (002732) Fair Value & Analysis

Consumer Defensive · CN · Market cap 2.1B CNY

GY Guangdong Yantang Dairy Co 002732 · SHE
Price¥13.97
Fair Value¥7.27
Upside-48.0%
Quality52/100
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Weak Growth
Thin margins · 3.1% net margin
Low debt · negative free cash flow
0.44% dividend yield
Trails peers (2/13)
Narrow moat 28/100
Evidence: High Range ¥5.77 – ¥8.09 Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 19 days ago

Share price +9.6% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.09). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥32.31 ¥12.12 Fair Value ¥7.27 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥12.12 – ¥32.31 · fair‑value band ¥5.77 – ¥8.09 · the ¥13.97 price screens above the ¥7.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Guangdong Yantang Dairy Co (002732) currently trades at ¥13.97, while our model-based Fair Value estimate is ¥7.27, implying the stock looks roughly 48.0% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Guangdong Yantang Dairy Co generated revenue of 1.6B CNY at a net margin of 3.1%. Revenue declined 0.4% year over year. It earns a return on equity of 3.3%. The balance sheet holds a net cash position of 238M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥5.77 (bear case) to ¥8.09 (bull case); at ¥13.97, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 30% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -48%, 002732 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Residual Income ¥7.02 ¥6.91 ¥6.07 76
ROIC Compounder ¥6.13 ¥6.78 ¥7.35 72
Gordon GGM ¥1.39 ¥2.30 ¥3.33 70
All 15 models by family
Earnings-Based
Graham-Dodd ¥2.49 ¥5.82 ¥7.48 54
PEG = 1.0 ¥0.9900 ¥1.42 ¥1.84 46
EPV ¥6.13 ¥6.78 ¥7.35 59
Dividend Discount
Gordon GGM ¥1.39 ¥2.30 ¥3.33 70
DDM Multi-Stage ¥1.39 ¥2.01 ¥2.68 61
Multiples
P/E Multiple ¥5.77 ¥7.69 ¥9.61 63
P/S Multiple ¥4.67 ¥6.23 ¥7.78 58
P/B Multiple ¥4.67 ¥6.23 ¥7.78 55
EV/EBIT ¥9.21 ¥11.62 ¥14.04 53
EV/EBITDA ¥15.27 ¥19.70 ¥24.13 54
EV/Revenue ¥7.14 ¥9.35 ¥11.57 43
Asset-Based
NCAV (Graham) ¥4.79 ¥6.42 ¥9.59 50
Economic Profit
Residual Income ¥7.02 ¥6.91 ¥6.07 76
ROIC Compounder ¥6.13 ¥6.78 ¥7.35 72
Growth Earnings
Growth-Adj P/E ¥4.36 ¥6.23 ¥8.09 68

Widest divergence: Multiples (¥7.69) versus Dividend Discount (¥2.01). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) -0.4%
Net margin 3.1%
Return on equity 3.3%
Free cash flow −33.3M CNY FY2025
P/E ratio 43.8
More key figures
Operating margin 2.3%
EPS (TTM) ¥0.3100
Dividend yield 0.4%
EPS growth (YoY) -78.5%
Net cash 238M CNY FY2024

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 35

Profitability 35
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Guangdong Yantang Dairy Co., Ltd. engages in the research, development, production, and sale of dairy products and milk-containing beverages, belonging to the food manufacturing industry in China.

Full company description

Guangdong Yantang Dairy Co., Ltd. engages in the research, development, production, and sale of dairy products and milk-containing beverages, belonging to the food manufacturing industry in China. It offers pasteurized, fresh, ultra-high temperature, flavored, fancy, and sterilized milk; and dairy products, such as yogurt, and lactic acid bacteria milk drinks, as well as milk, tangerine peel yogurt and berry milk drink, healthy diet, and other dairy products. The company also provides fermented milk and milk pudding products. Guangdong Yantang Dairy Co., Ltd. was founded in 1956 and is headquartered in Guangzhou, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangdong Yantang Dairy Co reported revenue of ¥1.6B in FY2025 versus ¥2.0B in FY2021, a compound −5.5%/yr. Reported net income was ¥57.6M in FY2025, compounding −22.3%/yr from FY2021.

Growth Quality 17/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
−8.5%
Avg. growth/yr (3Y) 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.
−5.4%
Avg. growth/yr (5Y) 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.
−0.6%
Avg. growth/yr (14Y) 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.
+6.6%
Revenue −5.5%/yr
FY21 ¥2.0B
FY22 ¥1.9B
FY23 ¥2.0B
FY24 ¥1.7B
FY25 ¥1.6B
Net income −22.3%/yr
FY21 ¥158M
FY22 ¥99.4M
FY23 ¥180M
FY24 ¥103M
FY25 ¥57.6M
Character of growth · EPS growth decomposed (2013-2024) +3.1 % p.a.
Revenue per share +5.6 pp

of which total revenue +7.7 pp · buybacks/dilution −2.1 pp

EBIT margin −3.3 pp
Tax rate +1.3 pp
Residual (interest, one-offs) −0.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

002732 screens 48% overvalued. Compare with Nestlé India Limited →

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Cite: Fair Value Calculator (2026). "Guangdong Yantang Dairy Co Fair Value". https://www.fairvalue-calculator.com/stock/002732

Peer Group

Packaged Foods · 649 stocks

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.

Quality Score 52 · Below median
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 43.8× · Pricier than 75% of peers
P/B 1.42× · Cheaper than median
P/S (TTM) 1.35× · Pricier than median
EV/EBITDA 10.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 0 · sector 20
PAST 13 · sector 27
HEALTH 100 · sector 96
DIVIDEND 9 · sector 47

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

Values & ESG

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

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Guangdong Yantang Dairy Co (002732) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥7.27 versus a price of ¥13.97, about −48% (overvalued).
What is the fair value of 002732?
Our model-based fair value for Guangdong Yantang Dairy Co is ¥7.27 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥13.97.
What is the quality score of 002732?
Guangdong Yantang Dairy Co 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 revenue of Guangdong Yantang Dairy Co (002732)?
Guangdong Yantang Dairy Co reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002732?
The net profit margin of Guangdong Yantang Dairy Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does Guangdong Yantang Dairy Co pay a dividend?
Guangdong Yantang Dairy Co currently shows a dividend yield of about 0.44% relative to its recent price (as of Jul 22, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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