Beijing Sanyuan Foods Co Ltd (600429) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Beijing Sanyuan Foods Co Ltd ¥1.64, price ¥4.55, upside -64.0%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 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 24, 2026.
How to read this chart
60‑month range ¥3.54 – ¥7.28 · fair‑value band ¥1.05 – ¥1.64 · the ¥4.55 price screens above the ¥1.64 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Beijing Sanyuan Foods Co., Ltd. manufactures and sells dairy products in China and internationally. The company offers milk, milk powder, yogurt, cheese, ice cream, cold food and drinks, etc. It sells its products through e-commerce channels. The company was incorporated in 1997 and is based in Beijing, China.
Stock analysis
Beijing Sanyuan Foods Co Ltd (600429) currently trades at ¥4.55, while our model-based Fair Value estimate is ¥1.64, implying the stock looks roughly 177.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥2.94 per share, and 0 of the 13 models we run sit above the ¥4.55 price.
Bear case: the Earnings-Based group reads lowest at ¥0.3500, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.05 (bear) to ¥1.64 (bull), the price of ¥4.55 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 50/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Beijing Sanyuan Foods Co Ltd reported revenue of 6.3B CNY in FY2025 versus 8.9B CNY in FY2021, a compound −8.0%/yr. Reported net income was −226M CNY in FY2025.
Key figures
Market cap 6.8B CNY (≈ $1.0B) · P/S ratio 1.04 · EPS (TTM) ¥−0.1400 · Net margin −3.6% · Return on equity −4.7% · Return on assets (EBIT) 1.8% · Operating margin 2.1% · Revenue (TTM) 6.4B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 13% 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 −64%, 600429 screens richer than that median.
Fair Value models
Bear ¥1.05Fair Value ¥1.64Bull ¥1.64
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.18/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−9.6%
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.
−7.3%
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.
−2.9%
Start year 2020 (pandemic). Over 10 years: +1.4% a year
Revenue growth 25 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.
+9.1%
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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.
0.7% (2020) → 1.1% (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).
+13.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +11.6% a year for the price.
Compare Beijing Sanyuan Foods 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.Packaged Foods · 667 stocks
Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−64% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/B0.21× · Cheapest 25%
P/S (TTM)0.16× · Cheapest 25%
P/FCF2.9× · Pricier than median
EV/EBITDA4.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)23· sector 19
PAST (return on equity)0· sector 29
HEALTH (low debt)90· sector 96
DIVIDEND (yield)0· sector 58
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). "Beijing Sanyuan Foods Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600429
Frequently asked questions
Is Beijing Sanyuan Foods Co Ltd (600429) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.64 versus a price of ¥4.55, about −64% upside (overvalued).
What is the fair value of 600429?
Our model-based fair value for Beijing Sanyuan Foods Co Ltd is ¥1.64 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥4.55.
What is the quality score of 600429?
Beijing Sanyuan Foods Co Ltd has a Quality Score of 50/100. 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 Beijing Sanyuan Foods Co Ltd (600429)?
Our model-based price target is the fair value of ¥1.64 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario ¥1.05, optimistic scenario ¥1.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Beijing Sanyuan Foods Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.64, about −64% upside versus a price of ¥4.55 (overvalued). Cautious scenario ¥1.05, optimistic scenario ¥1.64. The calculation is refreshed regularly with new filings.
What is the revenue of Beijing Sanyuan Foods Co Ltd (600429)?
Beijing Sanyuan Foods Co Ltd reported trailing-twelve-month revenue of about 6.4B CNY (latest available figure, as of Sep 24, 2026).
What growth is priced into Beijing Sanyuan Foods Co Ltd (600429)?
For today's price to be fair in a discounted-cash-flow model, Beijing Sanyuan Foods Co Ltd would have to grow free cash flow by +13.5 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 600429 use?
Our models discount Beijing Sanyuan Foods Co Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.15, 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 Beijing Sanyuan Foods Co Ltd that is +13.5 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Beijing Sanyuan Foods Co Ltd (600429) delivered so far?
Over the past 5 years revenue at Beijing Sanyuan Foods Co Ltd grew -2.9 % a year. The price currently implies +13.5 % 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 Beijing Sanyuan Foods Co Ltd (600429) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into Beijing Sanyuan Foods Co Ltd (+13.5 % 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 Beijing Sanyuan Foods Co Ltd (600429)?
The free-cash-flow yield on the price is 5.12 %: that much free cash flow Beijing Sanyuan Foods Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Beijing Sanyuan Foods Co Ltd (600429)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Beijing Sanyuan Foods Co Ltd it is ¥1.64 per share (as of Sep 24, 2026), against a price of ¥4.55. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Beijing Sanyuan Foods Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600429 trades above its calculated fair value: price ¥4.55, fair value ¥1.64, a gap of about −64% (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 600429?
No. The price is what the market pays today (¥4.55); the fair value is what the company's own numbers justify (¥1.64). For Beijing Sanyuan Foods Co Ltd the two are ¥2.91 per share apart. That gap is exactly why we show both numbers side by side.
How much is Beijing Sanyuan Foods Co Ltd worth?
The market values Beijing Sanyuan Foods Co Ltd at about 6.8B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥4.55; our models calculate a fair value of ¥1.64 per share.
What do the bullish and bearish scenarios say about 600429?
Our models span a range for Beijing Sanyuan Foods Co Ltd: cautious scenario ¥1.05, base ¥1.64, optimistic ¥1.64 per share (as of Sep 24, 2026, price ¥4.55). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Beijing Sanyuan Foods Co Ltd (600429)?
Balance-sheet figures for Beijing Sanyuan Foods Co Ltd (as of Sep 24, 2026): return on equity −4.7%, debt of 0.21 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 600429 from its 52-week high?
Beijing Sanyuan Foods Co Ltd trades at ¥4.55, about 38% below its 52-week high of ¥7.28 and 13% above the low of ¥4.02 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.64 is for.
Which stocks are comparable to Beijing Sanyuan Foods Co Ltd?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food Company, 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 Beijing Sanyuan Foods Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥4.55, calculated fair value ¥1.64 (−64%), Quality Score 50/100, from 13 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 600429 calculated?
We run Beijing Sanyuan Foods Co Ltd through 13 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 ¥1.64, 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 14.1 % above its aggregate fair value. Beijing Sanyuan Foods 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 Beijing Sanyuan Foods Co Ltd (600429)?
The closing price on Sep 23, 2026 was ¥4.55. Our model-based fair value is ¥1.64, about −64% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Beijing Sanyuan Foods Co Ltd right now?
The price sits above even our optimistic bull case (¥1.64). 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 (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Beijing Sanyuan Foods Co Ltd
How large is the market capitalisation of Beijing Sanyuan Foods Co Ltd (600429)?
The market capitalisation of Beijing Sanyuan Foods Co Ltd is 6.8B CNY (≈ $1.0B). 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 Beijing Sanyuan Foods Co Ltd (600429)?
The price-to-sales ratio of Beijing Sanyuan Foods Co Ltd is 1.04 (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 Beijing Sanyuan Foods Co Ltd (600429)?
Earnings per share at Beijing Sanyuan Foods Co Ltd are ¥−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Beijing Sanyuan Foods Co Ltd (600429)?
The net margin of Beijing Sanyuan Foods Co Ltd is −3.6% (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 Beijing Sanyuan Foods Co Ltd (600429)?
The return on equity (ROE) of Beijing Sanyuan Foods Co Ltd is −4.7% (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 Beijing Sanyuan Foods Co Ltd (600429)?
On an EBIT basis the return on assets of Beijing Sanyuan Foods Co Ltd is 1.8% (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 Beijing Sanyuan Foods Co Ltd (600429)?
The operating margin of Beijing Sanyuan Foods Co Ltd is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Beijing Sanyuan Foods Co Ltd (600429)?
Revenue at Beijing Sanyuan Foods Co Ltd is growing +4.5% versus a year earlier (3y avg −7.3%). 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 Beijing Sanyuan Foods Co Ltd (600429)?
Earnings per share at Beijing Sanyuan Foods Co Ltd are growing +15.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Beijing Sanyuan Foods Co Ltd (600429) carry?
The net debt of Beijing Sanyuan Foods Co Ltd is 1.1B CNY (fiscal year 2024, ≈ 3.1 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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