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5100 Xizang Glacier Company (1115) Fair Value & Analysis

Consumer Defensive · HK · Market cap HK$2.2B

5X 5100 Xizang Glacier Company 1115 · HK
PriceHK$0.4250
Fair ValueHK$0.2125
Upside-50.0%
Quality61/100
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Weak Growth
Highly profitable · 24.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Moderate moat 53/100
Evidence: High Range HK$0.1445 – HK$0.2805 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 2 days ago

Share price −4.5% over the past month.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.2805). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (HK$0.1445 to HK$0.2805) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$0.9735 HK$0.2050 Fair Value HK$0.2125 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2050 – HK$0.9735 · fair‑value band HK$0.1445 – HK$0.2805 · the HK$0.4250 price screens above the HK$0.2125 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

5100 Xizang Glacier Company (1115) currently trades at HK$0.4250, while our model-based Fair Value estimate is HK$0.2125, implying the stock looks roughly 50.0% overvalued today. The Quality Score stands at 61/100 (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, 5100 Xizang Glacier Company generated revenue of HK$358M at a net margin of 24.1%. Revenue grew 117.7% year over year. It earns a return on equity of 3.3%. Net debt stands at HK$562M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1445 (bear case) to HK$0.2805 (bull case); at HK$0.4250, 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 44% below its 52-week high and 73% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -5% fair-value upside, at -50%, 1115 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
Growth DCF HK$0.1500 HK$0.2000 HK$0.2900 80
Residual Income HK$0.3700 HK$0.3600 HK$0.3000 76
Rev-Margin DCF HK$0.0900 HK$0.1300 HK$0.1700 74
All 22 models by family
DCF Models
FCF DCF HK$0.1400 HK$0.2000 HK$0.2900 38
Owner Earnings HK$0.1800 HK$0.2500 HK$0.3800 31
5Y Revenue Exit HK$0.0900 HK$0.1200 HK$0.1700 39
5Y EBITDA Exit HK$0.1700 HK$0.2700 HK$0.3900 41
5Y P/E Exit HK$0.1800 HK$0.2800 HK$0.3900 38
10Y Revenue Exit HK$0.1100 HK$0.1300 HK$0.1600 36
10Y EBITDA Exit HK$0.1600 HK$0.2200 HK$0.2900 37
10Y P/E Exit HK$0.1600 HK$0.2300 HK$0.2900 35
Earnings-Based
Graham-Dodd HK$0.1100 HK$0.1300 HK$0.1500 54
EPV HK$0.1400 HK$0.1700 HK$0.1900 59
Multiples
P/E Multiple HK$0.2500 HK$0.3300 HK$0.4100 63
P/S Multiple HK$0.0800 HK$0.1000 HK$0.1300 58
P/B Multiple HK$0.2000 HK$0.2700 HK$0.3300 55
EV/EBIT HK$0.2300 HK$0.3000 HK$0.3800 53
EV/EBITDA HK$0.2300 HK$0.3100 HK$0.3800 54
EV/Revenue HK$0.0600 HK$0.0900 HK$0.1200 43
Asset-Based
NCAV (Graham) HK$0.2600 HK$0.3500 HK$0.5200 50
Growth DCF
Growth DCF HK$0.1500 HK$0.2000 HK$0.2900 80
Rev-Margin DCF HK$0.0900 HK$0.1300 HK$0.1700 74
Economic Profit
Residual Income HK$0.3700 HK$0.3600 HK$0.3000 76
ROIC Compounder HK$0.1400 HK$0.1700 HK$0.1900 72
Growth Earnings
Growth-Adj P/E HK$0.1700 HK$0.2500 HK$0.3200 68

Widest divergence: Asset-Based (HK$0.3500) versus Earnings-Based (HK$0.1300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$358M
Revenue growth (YoY) +118%
Net margin 24.1%
Return on equity 3.3%
Free cash flow HK$87.5M FY2025
P/E ratio 20.3 as of Jul 2, 2026
More key figures
Operating margin 21.2%
EPS (TTM) HK$0.0100
EPS growth (YoY) +284%
Net debt HK$562M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 58 · Market factors (momentum, volatility) 32

Profitability 32
Margins and returns on capital today
Quality Growth 93
Are margins and returns improving?
Cashflow 81
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 0
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

5100 Xizang Glacier Company Limited, an investment holding company, engages in the production and sale of water and beer products in the People's Republic of China. It operates through Water Business and Beer Business segments.

Full company description

5100 Xizang Glacier Company Limited, an investment holding company, engages in the production and sale of water and beer products in the People's Republic of China. It operates through Water Business and Beer Business segments. The Water Business segment manufactures and sells a range of water products through wholesales under the 5100 Glacial Water brand name; sells raw materials and consumables to associates and third parties; and leases production lines. The Beer segment offers various beer products through wholesales under the Highland Barley Beer brand name. The company also engages in the marketing, promotion, distribution, and retailing of water products; import and distribution of food; provision of lending services; manufacturing and distribution of caps and other raw materials and consumables; and operations and management of the water products market. The company was formerly known as Tibet Water Resources Ltd. and changed its name to 5100 Xizang Glacier Company Limited in October 2025. 5100 Xizang Glacier Company Limited was founded in 2006 and is headquartered in Admiralty, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

5100 Xizang Glacier Company reported revenue of HK$358M in FY2025 versus HK$456M in FY2021, a compound −5.9%/yr. Reported net income was HK$86.2M in FY2025, compounding +16.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$358M
Latest YoY
+58.5%
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.
+4.7%
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.
−6.2%
Avg. growth/yr (17Y) 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.
+6.7%
Revenue −5.9%/yr
FY21 HK$456M
FY22 HK$312M
FY23 HK$314M
FY24 HK$226M
FY25 HK$358M
Net income +16.4%/yr
FY21 HK$47.0M
FY22 −HK$102M
FY23 −HK$353M
FY24 −HK$574M
FY25 HK$86.2M

1115 screens 50% overvalued. Compare with Anheuser-Busch InBev SA →

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Cite: Fair Value Calculator (2026). "5100 Xizang Glacier Company Fair Value". https://www.fairvalue-calculator.com/stock/1115

Peer Group

Beverages - Brewers · 53 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 61 · Above median
Fair Value upside −50% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 21% · Top 25%
Revenue growth 118% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Beverages - Brewers median · lower = cheaper

P/E (TTM) 20.3× · Pricier than median
P/B 0.78× · Cheaper than 75% of peers
P/S (TTM) 6.25× · Pricier than 75% of peers
P/FCF 3.3× · Cheaper than median
EV/EBITDA 20.7× · Pricier than 75% of peers

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 31
FUTURE 100 · sector 3
PAST 13 · sector 34
HEALTH 98 · sector 97
DIVIDEND 0 · sector 67

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.

Alcohol

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

Similar stocks

10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Anheuser-Busch InBev SA 1ABI €68.84 €41.60 -40%
Ambev S.A ABEV 14,120 ARS 3,535 ARS -75%
Fomento Económico Mexicano, S.A. FEMSAUBD 222.91 MXN 201.74 MXN -9%
Heineken N.V HEIA €73.90 €65.06 -12%
Constellation Brands, Inc STZ $133.98 $173.19 +29%
Carlsberg A/S CARLA kr 1,090 kr 607.30 -44%
Heineken Holding HEIO €69.70 €99.95 +43%
Tsingtao Brewery Company 600600 ¥53.45 ¥63.65 +19%
Budweiser Brewing Company 1876 HK$6.35 HK$6.05 -5%
China Resources Beer (Holdings) Company 0291 HK$22.50 HK$25.37 +13%

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Frequently asked questions

Is 5100 Xizang Glacier Company (1115) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.2125 versus a price of HK$0.4250, about −50% (overvalued).
What is the fair value of 1115?
Our model-based fair value for 5100 Xizang Glacier Company is HK$0.2125 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4250.
What is the quality score of 1115?
5100 Xizang Glacier Company has a Quality Score of 61/100. 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 5100 Xizang Glacier Company (1115)?
5100 Xizang Glacier Company reported trailing-twelve-month revenue of about HK$358M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1115?
The net profit margin of 5100 Xizang Glacier Company is about 24.1%, meaning it keeps roughly 24.1% of revenue as net income. Based on the latest reported figures.

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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