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Shandong Sanyuan Biotechnology Co (301206) Fair Value & Analysis

Consumer Defensive · CN · Market cap 4.8B CNY

SS Shandong Sanyuan Biotechnology Co 301206 · SHE
Price¥23.44
Fair Value¥14.34
Upside-38.8%
Quality51/100
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Weak Growth
Solidly profitable · 12.8% net margin
negative free cash flow
4.14% dividend yield
Mixed vs. peers (5/12)
Narrow moat 36/100
Evidence: Medium Range ¥13.54 – ¥14.34 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Share price +0.5% over the past month.

A solid business, but screening 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥14.34). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥13.54 to ¥14.34), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥75.63 ¥20.07 Fair Value ¥14.34 Feb 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

54‑month range ¥20.07 – ¥75.63 · fair‑value band ¥13.54 – ¥14.34 · the ¥23.44 price screens above the ¥14.34 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shandong Sanyuan Biotechnology Co (301206) currently trades at ¥23.44, while our model-based Fair Value estimate is ¥14.34, implying the stock looks roughly 38.8% overvalued today. The Quality Score stands at 51/100 (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: medium).

Over the trailing twelve months, Shandong Sanyuan Biotechnology Co generated revenue of 724M CNY at a net margin of 12.8%. Revenue grew 49.7% year over year. It earns a return on equity of 2.1%. The balance sheet holds a net cash position of 160M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥13.54 (bear case) to ¥14.34 (bull case); at ¥23.44, 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 31% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -45% fair-value upside, at -39%, 301206 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥14.57 ¥13.78 ¥10.74 76
Growth-Adj P/E ¥13.54 ¥19.35 ¥25.15 68
ROIC Compounder ¥2.28 ¥2.39 ¥2.48 67
All 14 models by family
Earnings-Based
Graham-Dodd ¥3.07 ¥21.43 ¥30.07 54
Lynch FV ¥10.19 ¥14.56 ¥18.93 50
PEG = 1.0 ¥10.19 ¥14.56 ¥18.93 46
EPV ¥2.28 ¥2.39 ¥2.48 59
Multiples
P/E Multiple ¥7.12 ¥9.49 ¥11.86 63
P/S Multiple ¥3.85 ¥5.14 ¥6.42 58
P/B Multiple ¥5.76 ¥7.68 ¥9.60 55
EV/EBIT ¥3.50 ¥4.14 ¥4.77 53
EV/EBITDA ¥6.60 ¥8.27 ¥9.93 54
EV/Revenue ¥2.96 ¥3.54 ¥4.12 43
Asset-Based
NCAV (Graham) ¥10.48 ¥14.04 ¥20.95 50
Economic Profit
Residual Income ¥14.57 ¥13.78 ¥10.74 76
ROIC Compounder ¥2.28 ¥2.39 ¥2.48 67
Growth Earnings
Growth-Adj P/E ¥13.54 ¥19.35 ¥25.15 68

Widest divergence: Growth Earnings (¥19.35) versus Economic Profit (¥2.39). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 724M CNY
Revenue growth (YoY) +49.7%
Net margin 12.8%
Return on equity 2.1%
Free cash flow −176M CNY FY2025
P/E ratio 50.7
More key figures
Operating margin 8.4%
EPS (TTM) ¥0.4700
Dividend yield 4.1%
EPS growth (YoY) +8.3%
Net cash 160M CNY FY2024

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 36

Profitability 23
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 78
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

Shandong Sanyuan Biotechnology Co.,Ltd. engages in the research and development, production, and sale of erythritol and compound sugar products in China. Its products are used in table sugar, flavored sugar, and beverages; candy and chocolate food; baked food; health food; medical supplies; cosmetic products; chemical products; and other applications.

Full company description

Shandong Sanyuan Biotechnology Co.,Ltd. engages in the research and development, production, and sale of erythritol and compound sugar products in China. Its products are used in table sugar, flavored sugar, and beverages; candy and chocolate food; baked food; health food; medical supplies; cosmetic products; chemical products; and other applications. The company exports its products to Europe, the United States, East Asia, Southeast Asia, Australia, New Zealand, and Africa. Shandong Sanyuan Biotechnology Co.,Ltd. was founded in 2007 and is based in Binzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Sanyuan Biotechnology Co reported revenue of ¥650M in FY2025 versus ¥1.7B in FY2021, a compound −21.1%/yr. Reported net income was ¥91.4M in FY2025, compounding −35.7%/yr from FY2021.

Growth Quality 13/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
650M CNY
Latest YoY
−8.9%
Avg. growth/yr (3Y)
−1.3%
Avg. growth/yr (5Y)
−3.7%
Avg. growth/yr (12Y)
+34.1%
Revenue −21.1%/yr
FY21 ¥1.7B
FY22 ¥675M
FY23 ¥500M
FY24 ¥713M
FY25 ¥650M
Net income −35.7%/yr
FY21 ¥535M
FY22 ¥164M
FY23 ¥56.0M
FY24 ¥105M
FY25 ¥91.4M

301206 screens 39% overvalued. Compare with Chocoladefabriken Lindt & Sprüngli AG →

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Cite: Fair Value Calculator (2026). "Shandong Sanyuan Biotechnology Co Fair Value". https://www.fairvalue-calculator.com/stock/301206

Peer Group

Confectioners · 76 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 51 · Above median
Fair Value upside −39% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 8% · Above median
Revenue growth 50% · Top 25%
Dividend yield (TTM) 4.1% · Above median

Valuation Multiples vs Confectioners median · lower = cheaper

P/E (TTM) 50.7× · Pricier than 75% of peers
P/B 1.14× · Pricier than median
P/S (TTM) 6.66× · Pricier than 75% of peers
EV/EBITDA 38.6× · 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 26
FUTURE 100 · sector 0
PAST 8 · sector 26
HEALTH 0 · sector 91
DIVIDEND 83 · sector 56

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 Confectioners stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

Stock Price Fair Value vs Fair Value
Chocoladefabriken Lindt & Sprüngli AG LISN CHF 96,500 CHF 9,874 -90%
Mondelez International, Inc MDLZ $61.00 $27.68 -55%
The Hershey Company HSY $170.27 $91.25 -46%
Barry Callebaut AG BARN CHF 1,100 CHF 711.91 -35%
ORION Corp 271560 127,100 KRW 203,315 KRW +60%
Tootsie Roll Industries, Inc TROLB $39.50 $21.81 -45%
Guangxi Yuegui Guangye Holdings 000833 ¥18.81 ¥9.83 -48%
Cloetta AB CLAB kr 48.88 kr 59.12 +21%
Balrampur Chini Mills Limited BALRAMCHIN ₹586.20 ₹304.54 -48%
PT Yupi Indo Jelly Gum Tbk YUPI 1,320 IDR 1,286 IDR -3%

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Frequently asked questions

Is Shandong Sanyuan Biotechnology Co (301206) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥14.34 versus a price of ¥23.44, about −39% (overvalued).
What is the fair value of 301206?
Our model-based fair value for Shandong Sanyuan Biotechnology Co is ¥14.34 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥23.44.
What is the quality score of 301206?
Shandong Sanyuan Biotechnology Co has a Quality Score of 51/100. 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 Shandong Sanyuan Biotechnology Co (301206)?
Shandong Sanyuan Biotechnology Co reported trailing-twelve-month revenue of about 724M CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301206?
The net profit margin of Shandong Sanyuan Biotechnology Co is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Shandong Sanyuan Biotechnology Co pay a dividend?
Shandong Sanyuan Biotechnology Co currently shows a dividend yield of about 4.14% relative to its recent price (as of Jul 9, 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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