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Guangxi LiuYao Group (603368) Fair Value & Analysis

Healthcare · CN · Market cap 6.6B CNY

GL Guangxi LiuYao Group 603368 · SHG
Price¥15.63
Fair Value¥39.29
Upside+151.4%
Quality50/100
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Mixed Growth
Thin margins · 3.1% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 33/100
Evidence: High Range ¥29.47 – ¥49.12 Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Share price +2.3% over the past month.

A solid business, screening 151% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥29.47). The market is more pessimistic than our downside scenario.
  • Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥25.22 ¥13.11 Fair Value ¥39.29 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥13.11 – ¥25.22 · fair‑value band ¥29.47 – ¥49.12 · the ¥15.63 price screens below the ¥39.29 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Guangxi LiuYao Group (603368) currently trades at ¥15.63, while our model-based Fair Value estimate is ¥39.29, implying the stock looks roughly 151.4% undervalued today. The Quality Score stands at 50/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Guangxi LiuYao Group generated revenue of 21.0B CNY at a net margin of 3.1%. Revenue grew 1.1% year over year. It earns a return on equity of 8.1%. Net debt stands at 393M CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥29.47 (bear case) to ¥49.12 (bull case); at ¥15.63, the current price sits below 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 25% below its 52-week high, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at 2% fair-value upside, at 151%, 603368 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥34.80 ¥52.35 ¥79.97 80
Residual Income ¥16.75 ¥18.21 ¥22.35 76
Rev-Margin DCF ¥34.24 ¥52.70 ¥75.96 74
All 26 models by family
DCF Models
FCF DCF ¥34.92 ¥53.92 ¥84.80 38
Owner Earnings ¥29.86 ¥45.27 ¥70.31 31
5Y Revenue Exit ¥34.24 ¥53.08 ¥78.30 39
5Y EBITDA Exit ¥38.72 ¥62.12 ¥91.03 41
5Y P/E Exit ¥35.01 ¥54.63 ¥76.59 38
10Y Revenue Exit ¥33.37 ¥50.94 ¥77.09 36
10Y EBITDA Exit ¥37.09 ¥57.34 ¥87.29 37
10Y P/E Exit ¥34.71 ¥52.04 ¥75.72 35
Earnings-Based
Graham-Dodd ¥12.15 ¥52.22 ¥71.36 54
Lynch FV ¥13.38 ¥19.11 ¥24.84 50
PEG = 1.0 ¥13.38 ¥19.11 ¥24.84 46
EPV ¥31.36 ¥35.02 ¥38.18 59
Dividend Discount
Gordon GGM ¥9.94 ¥19.80 ¥29.99 70
DDM Multi-Stage ¥9.94 ¥17.12 ¥20.91 61
Multiples
P/E Multiple ¥29.47 ¥39.29 ¥49.12 63
P/S Multiple ¥22.77 ¥30.36 ¥37.95 58
P/B Multiple ¥22.77 ¥30.36 ¥37.95 55
EV/EBIT ¥45.04 ¥57.33 ¥69.62 53
EV/EBITDA ¥43.80 ¥55.68 ¥67.56 54
EV/Revenue ¥34.49 ¥45.76 ¥57.04 43
Asset-Based
NCAV (Graham) ¥9.85 ¥13.21 ¥19.71 50
Growth DCF
Growth DCF ¥34.80 ¥52.35 ¥79.97 80
Rev-Margin DCF ¥34.24 ¥52.70 ¥75.96 74
Economic Profit
Residual Income ¥16.75 ¥18.21 ¥22.35 76
ROIC Compounder ¥34.07 ¥42.06 ¥51.99 72
Growth Earnings
Growth-Adj P/E ¥22.99 ¥32.84 ¥42.69 68

Widest divergence: DCF Models (¥53.08) versus Asset-Based (¥13.21). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 21.0B CNY
Revenue growth (YoY) +1.1%
Net margin 3.1%
Return on equity 8.1%
Free cash flow 893M CNY FY2025
P/E ratio 10.0
More key figures
Operating margin 5.8%
EPS (TTM) ¥1.66
EPS growth (YoY) -8.6%
Net debt 393M CNY FY2024

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 51 · Market factors (momentum, volatility) 42

Profitability 38
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 52
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

Guangxi LiuYao Group Co., Ltd engages in the wholesale and retail of pharmaceutical products in China. It offers various types of medicines, medical devices, consumables, and test reagents through online pharmacies and terminal physical pharmacies. The company was founded in 1981 and is based in Liuzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangxi LiuYao Group reported revenue of ¥20.9B in FY2025 versus ¥17.1B in FY2021, a compound +5.1%/yr. Reported net income was ¥709M in FY2025, compounding +5.9%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
20.9B CNY
Latest YoY
−1.2%
Avg. growth/yr (3Y)
+3.2%
Avg. growth/yr (5Y)
+6.0%
Avg. growth/yr (14Y)
+15.7%
Revenue +5.1%/yr
FY21 ¥17.1B
FY22 ¥19.1B
FY23 ¥20.8B
FY24 ¥21.2B
FY25 ¥20.9B
Net income +5.9%/yr
FY21 ¥564M
FY22 ¥702M
FY23 ¥850M
FY24 ¥855M
FY25 ¥709M

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Cite: Fair Value Calculator (2026). "Guangxi LiuYao Group Fair Value". https://www.fairvalue-calculator.com/stock/603368

Peer Group

Medical Distribution · 81 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 50 · Below median
Fair Value upside +151% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 1% · Below median
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Medical Distribution median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/B 0.84× · Cheaper than median
P/S (TTM) 0.31× · Cheaper than median
P/FCF 1.1× · Cheaper than median
EV/EBITDA 2.9× · Cheaper 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 100 · sector 32
FUTURE 6 · sector 14
PAST 32 · sector 21
HEALTH 97 · sector 97
DIVIDEND 0 · sector 53

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 Medical Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
McKesson Corporation MCK $805.96 $819.31 +2%
Cencora, Inc COR $303.44 $175.74 -42%
Cardinal Health, Inc CAH $224.94 $141.77 -37%
Henry Schein, Inc HSIC $87.82 $74.67 -15%
Shanghai Pharmaceuticals Holding 601607 ¥16.70 ¥33.96 +103%
Sinopharm Group 1099 HK$16.74 HK$61.33 +266%
Galenica AG GALE CHF 87.05 CHF 61.79 -29%
Guangzhou Baiyunshan Pharmaceutical Holdings 600332 ¥21.50 ¥28.65 +33%
Jointown Pharmaceutical Group 600998 ¥4.99 ¥9.84 +97%
Asker Healthcare Group ASKER kr 79.45 kr 25.69 -68%

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Frequently asked questions

Is Guangxi LiuYao Group (603368) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥39.29 versus a price of ¥15.63, about +151% (undervalued).
What is the fair value of 603368?
Our model-based fair value for Guangxi LiuYao Group is ¥39.29 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥15.63.
What is the quality score of 603368?
Guangxi LiuYao Group 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 revenue of Guangxi LiuYao Group (603368)?
Guangxi LiuYao Group reported trailing-twelve-month revenue of about 21.0B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 603368?
The net profit margin of Guangxi LiuYao Group is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.

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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