Hebei Yangyuan ZhiHui Beverage Co (603156) Fair Value & Analysis
Consumer Defensive · CN · Market cap 53.5B CNY
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥20.99 to ¥17.77 (−15.3%) since Jun 24, 2026. Share price +9.2% over the past month.
A strong business, but screening 63% overvalued on our models.
What matters now
- A high-quality business (quality 78/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (¥22.04). The favourable scenario is already priced in.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range ¥16.90 – ¥51.46 · fair‑value band ¥13.51 – ¥22.04 · the ¥48.35 price screens above the ¥17.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Hebei Yangyuan ZhiHui Beverage Co (603156) currently trades at ¥48.35, while our model-based Fair Value estimate is ¥17.77, implying the stock looks roughly 63.3% overvalued today. The Quality Score stands at 78/100 (high 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, Hebei Yangyuan ZhiHui Beverage Co generated revenue of 6.0B CNY at a net margin of 23.6%. Revenue grew 37.5% year over year. It earns a return on equity of 13.9%. The balance sheet holds a net cash position of 918M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥13.51 (bear case) to ¥22.04 (bull case); at ¥48.35, 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 9% below its 52-week high and 132% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -14% fair-value upside, at -63%, 603156 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.
All 26 models by family
Widest divergence: Dividend Discount (¥27.40) versus Asset-Based (¥4.79). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 85
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
Hebei Yangyuan ZhiHui Beverage Co., Ltd., together with its subsidiaries, engages in the research, development, processing, production, and sale of vegetable protein beverages using walnut kernels in China.
Full company description
Hebei Yangyuan ZhiHui Beverage Co., Ltd., together with its subsidiaries, engages in the research, development, processing, production, and sale of vegetable protein beverages using walnut kernels in China. The company offers walnut milk, walnut soybean milk, walnut peanut milk, walnut almond milk, and other plant protein beverages under the Six Walnuts, Six Walnuts 2430, and Yangyuan Plant Milk brands. It also engages in investment management activities. The company sells its products online. The company was formerly known as Hebei Yuanyuan Health Beverage Co., Ltd. Hebei Yangyuan ZhiHui Beverage Co., Ltd. was founded in 1997 and is headquartered in Hengshui, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hebei Yangyuan ZhiHui Beverage Co reported revenue of ¥5.3B in FY2025 versus ¥6.9B in FY2021, a compound −6.2%/yr. Reported net income was ¥1.3B in FY2025, compounding −12.1%/yr from FY2021.
603156 screens 63% overvalued. Compare with The Coca-Cola Company →
Peer Group
Beverages - Non-Alcoholic · 91 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.
Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper
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: 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.
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 - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Coca-Cola Company KO | $87.05 | $36.57 | -58% |
| PepsiCo, Inc PEP | $139.02 | $106.91 | -23% |
| Monster Beverage Corporation MNST | $97.50 | $35.82 | -63% |
| Nongfu Spring Co 9633 | HK$41.44 | HK$30.72 | -26% |
| Coca-Cola Europacific Partners PLC CCEP | €92.10 | €85.41 | -7% |
| Keurig Dr Pepper Inc KDP | $31.25 | $30.99 | -1% |
| Coca-Cola FEMSA, S.A. KOF | $102.04 | $106.45 | +4% |
| Coca-Cola HBC AG EEE | €57.90 | €52.82 | -9% |
| Varun Beverages Limited VBL | ₹495.70 | ₹187.49 | -62% |
| Eastroc Beverage (Group) Co 605499 | ¥124.43 | ¥107.57 | -14% |
Compare Hebei Yangyuan ZhiHui Beverage Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Defensive stocks →
Frequently asked questions
Is Hebei Yangyuan ZhiHui Beverage Co (603156) overvalued or undervalued?
What is the fair value of 603156?
What is the quality score of 603156?
What is the revenue of Hebei Yangyuan ZhiHui Beverage Co (603156)?
What is the net profit margin of 603156?
Does Hebei Yangyuan ZhiHui Beverage Co pay a dividend?
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.
Track Hebei Yangyuan ZhiHui Beverage Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.