EN DE

Sichuan Teway Food Group (603317) Fair Value & Analysis

Consumer Defensive · CN · Market cap 14.7B CNY

ST Sichuan Teway Food Group 603317 · SHG
Price¥14.19
Fair Value¥9.87
Upside-30.4%
Quality71/100
Watch Sichuan Teway Food Group for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Solidly profitable · 18.9% net margin
Low debt · generates free cash flow
4.06% dividend yield
Mixed vs. peers (8/14)
Wide moat 72/100
Evidence: Medium Range ¥7.48 – ¥12.26 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 ¥11.07 to ¥9.87 (−10.8%) since Jun 24, 2026. Share price +0.3% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), 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 (¥12.26). The favourable scenario is already priced in.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥40.62 ¥8.56 Fair Value ¥9.87 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 ¥8.56 – ¥40.62 · fair‑value band ¥7.48 – ¥12.26 · the ¥14.19 price screens above the ¥9.87 fair value. Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Sichuan Teway Food Group (603317) currently trades at ¥14.19, while our model-based Fair Value estimate is ¥9.87, implying the stock looks roughly 30.4% overvalued today. The Quality Score stands at 71/100 (solid 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: medium).

Over the trailing twelve months, Sichuan Teway Food Group generated revenue of 3.9B CNY at a net margin of 18.9%. Revenue grew 76.2% year over year. It earns a return on equity of 16.1%. The balance sheet holds a net cash position of 332M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥7.48 (bear case) to ¥12.26 (bull case); at ¥14.19, 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 18% below its 52-week high and 32% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -30%, 603317 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
Growth DCF ¥7.19 ¥12.71 ¥22.29 80
Residual Income ¥4.03 ¥4.71 ¥7.91 76
Rev-Margin DCF ¥4.83 ¥7.81 ¥11.78 74
All 26 models by family
DCF Models
FCF DCF ¥7.29 ¥13.44 ¥24.51 38
Owner Earnings ¥7.47 ¥13.78 ¥25.14 31
5Y Revenue Exit ¥4.83 ¥7.85 ¥11.93 39
5Y EBITDA Exit ¥7.10 ¥12.65 ¥19.73 41
5Y P/E Exit ¥7.90 ¥14.36 ¥21.90 38
10Y Revenue Exit ¥5.47 ¥8.67 ¥13.55 36
10Y EBITDA Exit ¥7.11 ¥12.23 ¥20.25 37
10Y P/E Exit ¥7.65 ¥13.50 ¥22.11 35
Earnings-Based
Graham-Dodd ¥3.64 ¥18.36 ¥25.35 54
Lynch FV ¥4.98 ¥7.11 ¥9.25 50
PEG = 1.0 ¥4.98 ¥7.11 ¥9.25 46
EPV ¥5.18 ¥5.99 ¥6.69 59
Dividend Discount
Gordon GGM ¥5.03 ¥10.46 ¥16.59 70
DDM Multi-Stage ¥5.03 ¥8.82 ¥10.97 61
Multiples
P/E Multiple ¥8.43 ¥11.24 ¥14.05 63
P/S Multiple ¥3.86 ¥5.15 ¥6.44 58
P/B Multiple ¥6.82 ¥9.10 ¥11.37 55
EV/EBIT ¥8.40 ¥11.09 ¥13.78 53
EV/EBITDA ¥7.50 ¥9.89 ¥12.28 54
EV/Revenue ¥3.71 ¥5.16 ¥6.61 43
Asset-Based
NCAV (Graham) ¥2.13 ¥2.86 ¥4.27 50
Growth DCF
Growth DCF ¥7.19 ¥12.71 ¥22.29 80
Rev-Margin DCF ¥4.83 ¥7.81 ¥11.78 74
Economic Profit
Residual Income ¥4.03 ¥4.71 ¥7.91 76
ROIC Compounder ¥5.64 ¥7.71 ¥10.19 72
Growth Earnings
Growth-Adj P/E ¥7.57 ¥10.81 ¥14.05 68

Widest divergence: DCF Models (¥12.65) versus Asset-Based (¥2.86). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.9B CNY
Revenue growth (YoY) +76.2%
Net margin 18.9%
Return on equity 16.1%
Free cash flow 555M CNY FY2025
P/E ratio 19.7
More key figures
Operating margin 26.7%
EPS (TTM) ¥0.7000
Dividend yield 4.1%
EPS growth (YoY) +235%
Net cash 332M CNY FY2025

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 68 · Market factors (momentum, volatility) 64

Profitability 54
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 81
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

Sichuan Teway Food Group Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of compound seasonings in China. It operates through Parent Company, Tianwei Home, Tianwei Heyuan, Zigong Tianwei, Ruisheng Investment, Group Home, and Hainan Bohuai segments.

Full company description

Sichuan Teway Food Group Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of compound seasonings in China. It operates through Parent Company, Tianwei Home, Tianwei Heyuan, Zigong Tianwei, Ruisheng Investment, Group Home, and Hainan Bohuai segments. The company offers ready-to-cook seasonings, hot pot seasonings, sauces, and other seasonings; and fish seasoning, handmade hot pot, beef tallow hot pot base, Chinese dish seasoning, crayfish seasoning, catering seasoning, winter seasoning, chicken powder, and non-spicy soup series products. It also provides hot pot base series products; soy, sweet bean, and spicy sauces; and customized seasoning solutions, such as fast food and Chinese food series, and specialty dishes. In addition, the company offers recipe-based seasonings, sausage and cured meat seasonings, and condiments. Further, it engages in investment and marketing planning activities. The company sells its products through offline and online channels under the Hao Ren Jia, Da Hong Pao, Tian Che, Teway Food, Shi Cui Fang, Taste Matters, Tianwei Food Professional Seasoning Customization, Jia Dian Zi Wei, and Yi Pin Wei Xiang brands. It also exports its products to approximately 50 countries and regions. Sichuan Teway Food Group Co.,Ltd was founded in 2007 and is headquartered in Chengdu, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sichuan Teway Food Group reported revenue of ¥3.4B in FY2025 versus ¥2.0B in FY2021, a compound +14.0%/yr. Reported net income was ¥570M in FY2025, compounding +32.5%/yr from FY2021.

Growth Quality 79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.4B CNY
Latest YoY
−1.5%
Avg. growth/yr (3Y)
+8.4%
Avg. growth/yr (5Y)
+7.7%
Avg. growth/yr (14Y)
+13.6%
Revenue +14.0%/yr
FY21 ¥2.0B
FY22 ¥2.7B
FY23 ¥3.1B
FY24 ¥3.5B
FY25 ¥3.4B
Net income +32.5%/yr
FY21 ¥185M
FY22 ¥342M
FY23 ¥457M
FY24 ¥625M
FY25 ¥570M

603317 screens 30% overvalued. Compare with Nestlé India Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Sichuan Teway Food Group Fair Value". https://www.fairvalue-calculator.com/stock/603317

Peer Group

Packaged Foods · 653 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 −30% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 27% · Top 25%
Revenue growth 76% · Top 25%
Dividend yield (TTM) 4.1% · Above median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 19.7× · Pricier than median
P/B 3.24× · Pricier than 75% of peers
P/S (TTM) 3.74× · Pricier than 75% of peers
P/FCF 3.9× · Pricier than median
EV/EBITDA 14.4× · 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 29
FUTURE 100 · sector 19
PAST 65 · sector 27
HEALTH 100 · sector 96
DIVIDEND 81 · sector 47

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

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

Compare Sichuan Teway Food Group with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Sichuan Teway Food Group (603317) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥9.87 versus a price of ¥14.19, about −30% (overvalued).
What is the fair value of 603317?
Our model-based fair value for Sichuan Teway Food Group is ¥9.87 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥14.19.
What is the quality score of 603317?
Sichuan Teway Food Group 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 Sichuan Teway Food Group (603317)?
Sichuan Teway Food Group reported trailing-twelve-month revenue of about 3.9B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603317?
The net profit margin of Sichuan Teway Food Group is about 18.9%, meaning it keeps roughly 18.9% of revenue as net income. Based on the latest reported figures.
Does Sichuan Teway Food Group pay a dividend?
Sichuan Teway Food Group currently shows a dividend yield of about 4.06% 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.

14 days Pro free · no card

Track Sichuan Teway Food Group 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.