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Shanghai Aiyingshi Co (603214) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 1.9B CNY

SA Shanghai Aiyingshi Co 603214 · SHG
Price¥13.86
Fair Value¥12.94
Upside-6.6%
Quality71/100
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Healthy Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
2.80% dividend yield
Mixed vs. peers (8/14)
Narrow moat 36/100
Evidence: High Range ¥9.70 – ¥16.17 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥15.73 to ¥12.94 (−17.7%) since Jun 24, 2026. Share price +10.3% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥9.70 (bear) to ¥16.17 (bull), base ¥12.94. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 71/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥29.64 ¥9.87 Fair Value ¥12.94 Feb 2021 Aug 2026

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 ¥9.87 – ¥29.64 · fair‑value band ¥9.70 – ¥16.17 · the ¥13.86 price screens above the ¥12.94 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Shanghai Aiyingshi Co (603214) currently trades at ¥13.86, while our model-based Fair Value estimate is ¥12.94, implying the stock looks roughly 6.6% fairly valued today. The Quality Score stands at 71/100 (solid quality), in the Consumer Cyclical 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, Shanghai Aiyingshi Co generated revenue of 3.8B CNY at a net margin of 2.2%. Revenue grew 3.5% year over year. It earns a return on equity of 8.2%. The balance sheet holds a net cash position of 66.8M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥9.70 (bear case) to ¥16.17 (bull case); at ¥13.86, the current price sits within 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 38% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -7%, 603214 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 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
Highest evidence
Growth DCF ¥27.79 ¥40.46 ¥57.92 80
Residual Income ¥6.55 ¥6.79 ¥6.79 76
Rev-Margin DCF ¥19.28 ¥27.16 ¥36.97 74
All 26 models by family
DCF Models
FCF DCF ¥27.95 ¥41.89 ¥62.08 38
Owner Earnings ¥19.76 ¥29.01 ¥42.40 31
5Y Revenue Exit ¥19.28 ¥26.97 ¥36.68 39
5Y EBITDA Exit ¥25.25 ¥38.78 ¥55.03 41
5Y P/E Exit ¥18.32 ¥25.06 ¥32.21 38
10Y Revenue Exit ¥22.16 ¥29.96 ¥40.57 36
10Y EBITDA Exit ¥26.01 ¥37.70 ¥54.06 37
10Y P/E Exit ¥21.88 ¥28.71 ¥37.27 35
Earnings-Based
Graham-Dodd ¥4.00 ¥16.07 ¥21.86 54
Lynch FV ¥4.00 ¥5.72 ¥7.44 50
PEG = 1.0 ¥4.00 ¥5.72 ¥7.44 46
EPV ¥11.18 ¥12.21 ¥13.07 59
Dividend Discount
Gordon GGM ¥3.22 ¥5.80 ¥7.98 70
DDM Multi-Stage ¥3.22 ¥5.30 ¥6.19 61
Multiples
P/E Multiple ¥9.70 ¥12.94 ¥16.17 63
P/S Multiple ¥7.50 ¥10.00 ¥12.49 58
P/B Multiple ¥7.50 ¥10.00 ¥12.49 55
EV/EBIT ¥19.45 ¥24.73 ¥30.01 53
EV/EBITDA ¥25.80 ¥33.19 ¥40.58 54
EV/Revenue ¥14.29 ¥18.87 ¥23.44 43
Asset-Based
NCAV (Graham) ¥4.26 ¥5.71 ¥8.52 50
Growth DCF
Growth DCF ¥27.79 ¥40.46 ¥57.92 80
Rev-Margin DCF ¥19.28 ¥27.16 ¥36.97 74
Economic Profit
Residual Income ¥6.55 ¥6.79 ¥6.79 76
ROIC Compounder ¥11.80 ¥13.87 ¥16.35 72
Growth Earnings
Growth-Adj P/E ¥7.21 ¥10.30 ¥13.39 68

Widest divergence: DCF Models (¥29.01) versus Dividend Discount (¥5.30). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.8B CNY
Revenue growth (YoY) +3.5%
Net margin 2.2%
Return on equity 8.2%
Free cash flow 334M CNY FY2025
P/E ratio 22.5
More key figures
Operating margin 2.1%
EPS (TTM) ¥0.6000
Dividend yield 2.8%
EPS growth (YoY) +27.9%
Net cash 66.8M CNY FY2024

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 70 · Market factors (momentum, volatility) 33

Profitability 53
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 70
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 86
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

Shanghai Aiyingshi Co.,Ltd provides maternal and child products and services primarily in China. The company's products include infant formula, snacks, diapers, supplies, cotton textiles, toys, and travel products, and other products.

Full company description

Shanghai Aiyingshi Co.,Ltd provides maternal and child products and services primarily in China. The company's products include infant formula, snacks, diapers, supplies, cotton textiles, toys, and travel products, and other products. It also offers value-added services, such as mother and baby product exhibitions, childcare and early education, infant massage, parenting consultation, and parent-child entertainment. It operates stores in Shanghai, Jiangsu, Zhejiang, Fujian, Guangdong, Chongqing, Hunan, Hubei, Jiangxi, and Sichuan. The company also sells its products through an online platform. Shanghai Aiyingshi Co.,Ltd was founded in 1997 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Aiyingshi Co reported revenue of ¥3.8B in FY2025 versus ¥2.7B in FY2021, a compound +9.3%/yr. Reported net income was ¥81.5M in FY2025, compounding +2.6%/yr from FY2021.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.8B CNY
Latest YoY
+9.1%
Avg. growth/yr (3Y) 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.
+1.5%
Avg. growth/yr (5Y) 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.
+10.9%
Avg. growth/yr (12Y) 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.
+11.7%
Revenue +9.3%/yr
FY21 ¥2.7B
FY22 ¥3.6B
FY23 ¥3.3B
FY24 ¥3.5B
FY25 ¥3.8B
Net income +2.6%/yr
FY21 ¥73.5M
FY22 ¥86.0M
FY23 ¥105M
FY24 ¥106M
FY25 ¥81.5M
Character of growth · EPS growth decomposed (2013-2024) +4.7 % p.a.
Revenue per share +9.0 pp

of which total revenue +12.5 pp · buybacks/dilution −3.5 pp

EBIT margin −3.5 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −1.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Shanghai Aiyingshi Co Fair Value". https://www.fairvalue-calculator.com/stock/603214

Peer Group

Specialty Retail · 221 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 71 · Top 25%
Fair Value upside −7% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 2% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 4% · Below median
Dividend yield (TTM) 2.8% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 22.5× · Pricier than median
P/B 1.58× · Pricier than median
P/S (TTM) 0.49× · Cheaper than median
P/FCF 0.8× · Cheaper than median
EV/EBITDA 7.7× · Pricier than median

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 25 · sector 29
FUTURE 18 · sector 23
PAST 33 · sector 27
HEALTH 99 · sector 94
DIVIDEND 56 · sector 51

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 Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Shanghai Aiyingshi Co (603214) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥12.94 versus a price of ¥13.86, about −7% (fairly valued).
What is the fair value of 603214?
Our model-based fair value for Shanghai Aiyingshi Co is ¥12.94 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥13.86.
What is the quality score of 603214?
Shanghai Aiyingshi Co has a Quality Score of 71/100. 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 Shanghai Aiyingshi Co (603214)?
Shanghai Aiyingshi Co reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603214?
The net profit margin of Shanghai Aiyingshi Co is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Shanghai Aiyingshi Co pay a dividend?
Shanghai Aiyingshi Co currently shows a dividend yield of about 2.80% relative to its recent price (as of Jul 11, 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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