Jiangsu King's Luck Brewery Joint-Stock Co (603369) Fair Value & Analysis
Consumer Defensive · CN · Market cap 31.2B CNY
Fair value as of: Jul 11, 2026
From 17 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥43.78 to ¥38.66 (−11.7%) since Jun 24, 2026. Share price +12.3% over the past month.
A solid business, screening 42% undervalued on our models.
What matters now
- The price is below even our cautious bear case (¥29.81). The market is more pessimistic than our downside scenario.
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
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 ¥23.96 – ¥65.48 · fair‑value band ¥29.81 – ¥47.50 · the ¥27.26 price screens below the ¥38.66 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Jiangsu King's Luck Brewery Joint-Stock Co (603369) currently trades at ¥27.26, while our model-based Fair Value estimate is ¥38.66, implying the stock looks roughly 41.8% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Consumer Defensive 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, Jiangsu King's Luck Brewery Joint-Stock Co generated revenue of 9.4B CNY at a net margin of 24.9%. Revenue declined 15.2% year over year. It earns a return on equity of 13.4%. The balance sheet holds a net cash position of 4.1B CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥29.81 (bear case) to ¥47.50 (bull case); at ¥27.26, 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 40% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 6% fair-value upside, at 42%, 603369 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.
All 17 models by family
Widest divergence: Growth Earnings (¥43.78) versus Asset-Based (¥8.90). 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 53 · Market factors (momentum, volatility) 36
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
Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. engages in the research and development, procurement, production, and sale of liquor and wine in China. The company offers its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It distributes its products to dealers; and directly sells to group buying, supermarkets, hotels, and retail channels.
Full company description
Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. engages in the research and development, procurement, production, and sale of liquor and wine in China. The company offers its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It distributes its products to dealers; and directly sells to group buying, supermarkets, hotels, and retail channels. In addition, the company engages in investment consulting; food production and sale; internet of things services and general trade, as well as small loan business; agricultural and sideline food processing industry; and provision of advertising design and production, and tourism services. Jiangsu King's Luck Brewery Joint-Stock Co., Ltd. was founded in 1997 and is based in Huai'an, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jiangsu King's Luck Brewery Joint-Stock Co reported revenue of ¥10.2B in FY2025 versus ¥6.4B in FY2021, a compound +12.3%/yr. Reported net income was ¥2.6B in FY2025, compounding +6.4%/yr from FY2021.
Watch 603369: get an alert when its fair value changes →
Peer Group
Beverages - Wineries & Distilleries · 96 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 - Wineries & Distilleries 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.
Insider activity: 40/100
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 - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Kweichow Moutai Co 600519 | ¥1,251 | ¥1,238 | -1% |
| Diageo plc DEON | 1,487 MXN | 1,239 MXN | -17% |
| Wuliangye Yibin Co 000858 | ¥73.69 | ¥48.44 | -34% |
| Shanxi Xinghuacun Fen Wine Factory Co 600809 | ¥110.50 | ¥185.80 | +68% |
| Pernod Ricard SA RI | €65.24 | €76.68 | +18% |
| Luzhou Laojiao Co 000568 | ¥83.12 | ¥149.17 | +79% |
| Brown-Forman Corporation BFA | $26.60 | $28.15 | +6% |
| United Spirits Limited UNITDSPR | ₹1,376 | ₹440.56 | -68% |
| Thai Beverage Public Company Y92 | 0.4450 SGD | 0.6900 SGD | +55% |
| Jiangsu Yanghe Distillery Co 002304 | ¥38.08 | ¥27.82 | -27% |
Compare Jiangsu King's Luck Brewery Joint-Stock 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 Jiangsu King's Luck Brewery Joint-Stock Co (603369) overvalued or undervalued?
What is the fair value of 603369?
What is the quality score of 603369?
What is the revenue of Jiangsu King's Luck Brewery Joint-Stock Co (603369)?
What is the net profit margin of 603369?
Does Jiangsu King's Luck Brewery Joint-Stock 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 Jiangsu King's Luck Brewery Joint-Stock 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.