Hainan Yedao Group Co Ltd (600238) fair value: what the stock is really worth
We calculate from audited financials what Hainan Yedao Group Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ¥3.73 – ¥31.86 · fair‑value band ¥0.5000 – ¥0.8700 · the ¥4.68 price screens above the ¥0.6800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Hainan Yedao (Group) Co.,Ltd engages in the production and sales of alcoholic products and beverages in China. It offers deer and turtle wine series; neptune wine series; Coco island Guowei series, Guitai Sauce wine series, Coco Island Sea series, Haikou Daqu, and original liquor; and other alcoholic beverages, such as Sanyechun, buckwheat wine, etc.
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Hainan Yedao (Group) Co.,Ltd engages in the production and sales of alcoholic products and beverages in China. It offers deer and turtle wine series; neptune wine series; Coco island Guowei series, Guitai Sauce wine series, Coco Island Sea series, Haikou Daqu, and original liquor; and other alcoholic beverages, such as Sanyechun, buckwheat wine, etc. The company was founded in 1993 and is based in Haikou, China.
Stock analysis
Hainan Yedao Group Co Ltd (600238) currently trades at ¥4.68, while our model-based Fair Value estimate is ¥0.6800, implying the stock looks roughly 588.2% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥1.39 per share, and 0 of the 15 models we run sit above the ¥4.68 price.
Bear case: the Asset-Based group reads lowest at ¥0.1100, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥0.5000 (bear) to ¥0.8700 (bull), the price of ¥4.68 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 64/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hainan Yedao Group Co Ltd reported revenue of 371M CNY in FY2025 versus 833M CNY in FY2021, a compound −18.3%/yr. Reported net income was −28.9M CNY in FY2025.
Key figures
Market cap 2.1B CNY (≈ $313M) · P/S ratio 4.52 · EPS (TTM) ¥−0.0500 · Dividend yield 0.5% · Net margin −7.8% · Return on equity −21.0% · Return on assets (EBIT) −8.3% · Operating margin 10.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 2% fair-value upside, at −85%, 600238 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1100 to ¥2.04). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.5000Fair Value ¥0.6800Bull ¥0.8700
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+111.9%
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.
−3.8%
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.
−14.4%
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.
+4.5%
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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.
2.6% (2020) → 5.2% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.3%
Yearly growth needed for the next five years to justify today's price.
Compare Hainan Yedao Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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 · 58 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−86% · Bottom 25%
Profitability
Return on assets1% · Bottom 25%
Net margin (TTM)−5% · Bottom 25%
Operating margin (TTM)11% · Above median
Growth and dividend
Revenue growth125% · Top 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Beverages - Brewers median · lower = cheaper
P/B3.84× · Priciest 25%
P/S (TTM)0.67× · Cheapest 25%
P/FCF3.5× · Cheaper than median
EV/EBITDA7.6× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 34
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 34
HEALTH (low debt)91· sector 97
DIVIDEND (yield)11· sector 69
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hainan Yedao Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600238
Frequently asked questions
Is Hainan Yedao Group Co Ltd (600238) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ¥0.6800 versus a price of ¥4.68, about −85% upside (overvalued).
What is the fair value of 600238?
Our model-based fair value for Hainan Yedao Group Co Ltd is ¥0.6800 (as of Sep 13, 2026), built from audited fundamentals. The current price: ¥4.68.
What is the quality score of 600238?
Hainan Yedao Group Co Ltd has a Quality Score of 64/100. 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 Hainan Yedao Group Co Ltd (600238)?
Our model-based price target is the fair value of ¥0.6800 (as of Sep 13, 2026) from 15 valuation models. Cautious scenario ¥0.5000, optimistic scenario ¥0.8700. It is a calculation from audited fundamentals, not an analyst target.
What is the Hainan Yedao Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.6800, about −85% upside versus a price of ¥4.68 (overvalued). Cautious scenario ¥0.5000, optimistic scenario ¥0.8700. The calculation is refreshed regularly with new filings.
What is the revenue of Hainan Yedao Group Co Ltd (600238)?
Hainan Yedao Group Co Ltd reported trailing-twelve-month revenue of about 427M CNY (latest available figure, as of Sep 13, 2026).
Does Hainan Yedao Group Co Ltd pay a dividend?
Hainan Yedao Group Co Ltd currently shows a dividend yield of about 0.54% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Hainan Yedao Group Co Ltd (600238)?
For today's price to be fair in a discounted-cash-flow model, Hainan Yedao Group Co Ltd would have to grow free cash flow by +19.3 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -14.4 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 600238 use?
Our models discount Hainan Yedao Group Co Ltd at 11.4 %: a base by market capitalisation (small), damped by beta 0.84, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hainan Yedao Group Co Ltd that is +19.3 % per year a year over ten years, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Hainan Yedao Group Co Ltd (600238) delivered so far?
Over the past 5 years revenue at Hainan Yedao Group Co Ltd grew -14.4 % a year. The price currently implies +19.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hainan Yedao Group Co Ltd (600238) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Hainan Yedao Group Co Ltd (+19.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hainan Yedao Group Co Ltd (600238)?
The free-cash-flow yield on the price is 3.86 %: that much free cash flow Hainan Yedao Group Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hainan Yedao Group Co Ltd (600238)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hainan Yedao Group Co Ltd it is ¥0.6800 per share (as of Sep 13, 2026), against a price of ¥4.68. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Hainan Yedao Group Co Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 600238 trades above its calculated fair value: price ¥4.68, fair value ¥0.6800, a gap of about −85% (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 600238?
No. The price is what the market pays today (¥4.68); the fair value is what the company's own numbers justify (¥0.6800). For Hainan Yedao Group Co Ltd the two are ¥4.00 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hainan Yedao Group Co Ltd worth?
The market values Hainan Yedao Group Co Ltd at about 2.1B CNY (market capitalisation, as of Sep 13, 2026). Per share that is ¥4.68; our models calculate a fair value of ¥0.6800 per share.
What do the bullish and bearish scenarios say about 600238?
Our models span a range for Hainan Yedao Group Co Ltd: cautious scenario ¥0.5000, base ¥0.6800, optimistic ¥0.8700 per share (as of Sep 13, 2026, price ¥4.68). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hainan Yedao Group Co Ltd (600238)?
Balance-sheet figures for Hainan Yedao Group Co Ltd (as of Sep 13, 2026): return on equity −21.0%, debt of 0.17 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 600238 from its 52-week high?
Hainan Yedao Group Co Ltd trades at ¥4.68, about 40% below its 52-week high of ¥7.80 and 32% above the low of ¥3.54 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.6800 is for.
Which stocks are comparable to Hainan Yedao Group Co Ltd?
From the same area (Consumer Defensive) we also value Anheuser-Busch InBev SA, Ambev S.A, Heineken N.V, Fomento Económico Mexicano, S.A., 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 Hainan Yedao Group Co Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price ¥4.68, calculated fair value ¥0.6800 (−85%), Quality Score 64/100, from 15 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600238 calculated?
We run Hainan Yedao Group Co Ltd through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.6800, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. Hainan Yedao Group 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 Hainan Yedao Group Co Ltd (600238)?
The closing price on Sep 21, 2026 was ¥4.68. Our model-based fair value is ¥0.6800, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hainan Yedao Group Co Ltd right now?
The price sits above even our optimistic bull case (¥0.8700). 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 (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Hainan Yedao Group Co Ltd
How large is the market capitalisation of Hainan Yedao Group Co Ltd (600238)?
The market capitalisation of Hainan Yedao Group Co Ltd is 2.1B CNY (≈ $313M). 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 Hainan Yedao Group Co Ltd (600238)?
The price-to-sales ratio of Hainan Yedao Group Co Ltd is 4.52 (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 Hainan Yedao Group Co Ltd (600238)?
Earnings per share at Hainan Yedao Group Co Ltd are ¥−0.0500. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hainan Yedao Group Co Ltd (600238)?
The dividend yield of Hainan Yedao Group Co Ltd is 0.5%. 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 Hainan Yedao Group Co Ltd (600238)?
The net margin of Hainan Yedao Group Co Ltd is −7.8% (fiscal year 2025). 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 Hainan Yedao Group Co Ltd (600238)?
The return on equity (ROE) of Hainan Yedao Group Co Ltd is −21.0% (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 Hainan Yedao Group Co Ltd (600238)?
On an EBIT basis the return on assets of Hainan Yedao Group Co Ltd is −8.3% (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 Hainan Yedao Group Co Ltd (600238)?
The operating margin of Hainan Yedao Group Co Ltd is 10.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hainan Yedao Group Co Ltd (600238)?
Revenue at Hainan Yedao Group Co Ltd is growing +125% versus a year earlier (3y avg −3.8%). 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 Hainan Yedao Group Co Ltd (600238)?
Earnings per share at Hainan Yedao Group Co Ltd are growing +400% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hainan Yedao Group Co Ltd (600238) carry?
The net debt of Hainan Yedao Group Co Ltd is 23.7M CNY (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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