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Gansu Yasheng Industrial (Group) Co (600108) Fair Value & Analysis

Consumer Defensive · CN · Market cap 6.1B CNY

GY Gansu Yasheng Industrial (Group) Co 600108 · SHG
Price¥3.15
Fair Value¥0.5500
Upside-82.5%
Quality44/100
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Expensive Growth
Thin margins · 1.3% net margin
Low debt · negative free cash flow
0.10% dividend yield
Trails peers (1/13)
Narrow moat 26/100
Evidence: High Range ¥0.3700 – ¥0.7700 Share as image

Fair value as of: Aug 6, 2026

From 16 valuation models · updated 4 days ago

Share price +10.1% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.7700). The favourable scenario is already priced in.
  • Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥0.3700 to ¥0.7700) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥6.96 ¥2.30 Fair Value ¥0.5500 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥2.30 – ¥6.96 · fair‑value band ¥0.3700 – ¥0.7700 · the ¥3.15 price screens above the ¥0.5500 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Gansu Yasheng Industrial (Group) Co (600108) currently trades at ¥3.15, while our model-based Fair Value estimate is ¥0.5500, implying the stock looks roughly 82.5% overvalued today. The Quality Score stands at 44/100 (below-average 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, Gansu Yasheng Industrial (Group) Co generated revenue of 4.2B CNY at a net margin of 1.3%. Revenue declined 3.3% year over year. It earns a return on equity of 1.3%. Net debt stands at 2.0B CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥0.3700 (bear case) to ¥0.7700 (bull case); at ¥3.15, 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 56% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 102% fair-value upside, at -83%, 600108 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥1.52 ¥1.44 ¥1.06 76
ROIC Compounder ¥0.4000 ¥0.5200 ¥0.6200 72
Gordon GGM ¥0.6400 ¥1.27 ¥1.93 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥0.2000 ¥0.7800 ¥1.06 54
Lynch FV ¥0.1900 ¥0.2700 ¥0.3600 50
PEG = 1.0 ¥0.1900 ¥0.2700 ¥0.3600 46
EPV ¥0.4000 ¥0.5200 ¥0.6200 59
Dividend Discount
Gordon GGM ¥0.6400 ¥1.27 ¥1.93 70
DDM Multi-Stage ¥0.6400 ¥1.10 ¥1.35 61
Multiples
P/E Multiple ¥0.4600 ¥0.6100 ¥0.7700 63
P/S Multiple ¥0.3700 ¥0.5000 ¥0.6200 58
P/B Multiple ¥0.3700 ¥0.5000 ¥0.6200 55
EV/EBIT ¥0.8200 ¥1.22 ¥1.62 53
EV/EBITDA ¥1.81 ¥2.54 ¥3.26 54
EV/Revenue ¥0.4800 ¥0.8500 ¥1.21 43
Asset-Based
NCAV (Graham) ¥1.11 ¥1.49 ¥2.22 50
Economic Profit
Residual Income ¥1.52 ¥1.44 ¥1.06 76
ROIC Compounder ¥0.4000 ¥0.5200 ¥0.6200 72
Growth Earnings
Growth-Adj P/E ¥0.3400 ¥0.4900 ¥0.6400 68

Widest divergence: Asset-Based (¥1.49) versus Earnings-Based (¥0.2700). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.2B CNY
Revenue growth (YoY) -3.3%
Net margin 1.3%
Return on equity 1.3%
Free cash flow −202M CNY FY2025
P/E ratio 104.7
More key figures
Operating margin 8.4%
EPS (TTM) ¥0.0300
Dividend yield 0.1%
EPS growth (YoY) -15.0%
Net debt 2.0B CNY FY2025

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 32

Profitability 19
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 78
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 82
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

Gansu Yasheng Industrial (Group) Co., Ltd. engages in the production, operation, and sale of agricultural products in China. It operates through four segments: Agriculture, Industry, Commerce and Trade, and Other Related Businesses.

Full company description

Gansu Yasheng Industrial (Group) Co., Ltd. engages in the production, operation, and sale of agricultural products in China. It operates through four segments: Agriculture, Industry, Commerce and Trade, and Other Related Businesses. The company offers forage grass, peppers, seed corn, potatoes, potato flour, edible sunflowers, fruits, hops, spices, medicinal materials, other vegetable crops, etc. It also involved in the research and development, production, and sales of water-saving irrigation equipment, and other industrial products, as well as project planning and design, farmland construction, and agricultural technology application and supply services. In addition, the company provides crop planting, agricultural product processing, agricultural technology research and development, agricultural supplies, and commercial trade activities, as well as installation of drip irrigation projects. Gansu Yasheng Industrial (Group) Co., Ltd. was founded in 1995 and is headquartered in Lanzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gansu Yasheng Industrial (Group) Co reported revenue of ¥4.2B in FY2025 versus ¥3.3B in FY2021, a compound +6.2%/yr. Reported net income was ¥56.9M in FY2025, compounding −5.6%/yr from FY2021.

Growth Quality 40/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.2B CNY
Latest YoY
+1.2%
Avg. growth/yr (3Y)
+5.2%
Avg. growth/yr (5Y)
+6.3%
Avg. growth/yr (31Y)
+13.2%
Revenue +6.2%/yr
FY21 ¥3.3B
FY22 ¥3.6B
FY23 ¥4.0B
FY24 ¥4.2B
FY25 ¥4.2B
Net income −5.6%/yr
FY21 ¥71.8M
FY22 ¥77.4M
FY23 ¥104M
FY24 ¥96.1M
FY25 ¥56.9M

600108 screens 83% overvalued. Compare with Muyuan Foods Group →

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Cite: Fair Value Calculator (2026). "Gansu Yasheng Industrial (Group) Co Fair Value". https://www.fairvalue-calculator.com/stock/600108

Peer Group

Farm Products · 291 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 44 · Below median
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -3% · Below median
Dividend yield (TTM) 0.1% · Below median
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Farm Products median · lower = cheaper

P/E (TTM) 104.7× · Pricier than 75% of peers
P/B 1.41× · Pricier than median
P/S (TTM) 1.45× · Pricier than 75% of peers
EV/EBITDA 23.0× · 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 0 · sector 21
PAST 5 · sector 17
HEALTH 88 · sector 94
DIVIDEND 2 · sector 38

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 Farm Products stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).

Stock Price Fair Value vs Fair Value
Muyuan Foods Group 002714 ¥40.90 ¥48.19 +18%
Wens Foodstuff Group 300498 ¥14.51 ¥12.08 -17%
Mowi ASA MOWI kr 188.40 kr 262.59 +39%
PT Charoen Pokphand Indonesia Tbk, CPIN 3,120 IDR 7,076 IDR +127%
Charoen Pokphand Foods Public Company CPF 22.00 THB 55.71 THB +153%
PT Triputra Agro Persada Tbk TAPG 1,540 IDR 3,105 IDR +102%
PT FAP Agri Tbk FAPA 7,300 IDR 7,463 IDR +2%
PT Japfa Comfeed Indonesia Tbk JPFA 2,070 IDR 7,231 IDR +249%
Thaifoods Group TFGR 10.60 THB 23.53 THB +122%
PT Jhonlin Agro Raya Tbk JARR 1,845 IDR 610.80 IDR -67%

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Frequently asked questions

Is Gansu Yasheng Industrial (Group) Co (600108) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥0.5500 versus a price of ¥3.15, about −83% (overvalued).
What is the fair value of 600108?
Our model-based fair value for Gansu Yasheng Industrial (Group) Co is ¥0.5500 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥3.15.
What is the quality score of 600108?
Gansu Yasheng Industrial (Group) Co has a Quality Score of 44/100. 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 Gansu Yasheng Industrial (Group) Co (600108)?
Gansu Yasheng Industrial (Group) Co reported trailing-twelve-month revenue of about 4.2B CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600108?
The net profit margin of Gansu Yasheng Industrial (Group) Co is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Gansu Yasheng Industrial (Group) Co pay a dividend?
Gansu Yasheng Industrial (Group) Co currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 6, 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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