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Wuliangye Yibin Co Ltd (000858) Fair Value & Analysis

Consumer Defensive · CN · Market cap 286B CNY (≈ $42.7B) · ISIN CNE000000VQ8

What is Wuliangye Yibin Co Ltd really worth?

WY Wuliangye Yibin Co Ltd 000858 · SHE
Price¥71.98
Fair Value¥48.44
Upside−32.7%
Quality73/100

A solid business, but trading 49% above our fair value of ¥48.44.

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Strengths

Highly profitable · 27.2% net margin
generates free cash flow
Ranks above peers (9/14)
Wide moat 70/100

Risks

!Weak Growth (revenue 5y −6.7 %/yr)

For context

·7.16% dividend yield
Evidence: High Range ¥36.33 – ¥60.55

Fair value as of: Aug 19, 2026

From 23 valuation models · updated 16 days ago

Share price −6.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 73/100), 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 (¥60.55). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

¥277.28 ¥70.68 Fair Value ¥48.44 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ¥70.68 – ¥277.28 · fair‑value band ¥36.33 – ¥60.55 · the ¥71.98 price screens above the ¥48.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Wuliangye Yibin Co Ltd (000858) currently trades at ¥71.98, while our model-based Fair Value estimate is ¥48.44, implying the stock looks roughly 48.6% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth DCF group reads highest at a median of ¥199.14 per share, and 10 of the 23 models we run sit above the ¥71.98 price. Bear case: the Asset-Based group reads lowest at ¥20.70, and 13 of the 23 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Wuliangye Yibin Co Ltd generated revenue of 46.3B CNY at a net margin of 27.2%. Revenue grew 33.7% year over year. It earns a return on equity of 9.2%. The balance sheet holds a net cash position of 127B CNY. Fundamentals as of Aug 19, 2026

Our scenario range runs from ¥36.33 (bear case) to ¥60.55 (bull case); at ¥71.98, 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 20% fair-value upside, at −33%, 000858 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ¥127.25 ¥202.39 ¥335.36 77
Residual Income ¥25.77 ¥27.53 ¥30.79 76
Owner Earnings ¥60.50 ¥82.58 ¥121.66 74
All 23 models by family
DCF Models
FCF DCF ¥127.25 ¥202.39 ¥335.36 77
Owner Earnings ¥60.50 ¥82.58 ¥121.66 74
5Y Revenue Exit ¥69.75 ¥82.37 ¥97.07 71
5Y EBITDA Exit ¥79.21 ¥101.45 ¥127.42 74
5Y P/E Exit ¥85.23 ¥113.61 ¥144.52 69
10Y Revenue Exit ¥87.53 ¥105.43 ¥128.34 66
10Y EBITDA Exit ¥94.27 ¥119.56 ¥153.79 67
10Y P/E Exit ¥98.32 ¥128.57 ¥168.14 62
Earnings-Based
Graham-Dodd ¥15.69 ¥67.26 ¥91.90 64
Lynch FV ¥17.21 ¥24.59 ¥31.97 61
PEG = 1.0 ¥17.21 ¥24.59 ¥31.97 57
EPV ¥44.95 ¥47.11 ¥49.02 70
Multiples
P/E Multiple ¥36.33 ¥48.44 ¥60.55 63
P/S Multiple ¥12.53 ¥16.71 ¥20.88 58
P/B Multiple ¥29.41 ¥39.22 ¥49.02 55
EV/EBIT ¥63.90 ¥74.29 ¥84.68 63
EV/EBITDA ¥59.49 ¥68.41 ¥77.33 64
EV/Revenue ¥43.69 ¥48.38 ¥53.08 52
Asset-Based
NCAV (Graham) ¥15.45 ¥20.70 ¥30.90 51
Growth DCF
Growth DCF ¥127.41 ¥199.14 ¥325.88 74
Economic Profit
Residual Income ¥25.77 ¥27.53 ¥30.79 76
ROIC Compounder ¥44.95 ¥47.11 ¥49.02 70
Growth Earnings
Growth-Adj P/E ¥28.85 ¥41.21 ¥53.58 67

Widest divergence: Growth DCF (¥199.14) versus Asset-Based (¥20.70). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 22.2
P/S ratio 4.91 P/E × margin
EPS (TTM) ¥3.24 price ÷ EPS = P/E 22.2
Dividend yield 7.2% payout 159%
Net margin 22.1% FY2025
Return on equity 9.2% TTM
More key figures
Profitability
Return on assets (EBIT) 20.4% avg 5y
Operating margin 44.3% TTM
Growth
Revenue (TTM) 46.3B CNY TTM
Revenue growth (YoY) +33.7% 3y avg −18.2%
EPS growth (YoY) +82.6%
Balance sheet & cash flow
Free cash flow 27.7B CNY FY2025
Net cash 127B CNY FY2024

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 73 · Market factors (momentum, volatility) 33

Profitability 41
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 99
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Wuliangye Yibin Co.,Ltd. manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China. The company's Wuliangye products include eighth-generation Wuliangye, 39 -degree Wuliangye, classic Wuliangye, 29 -degree Wuliangye, etc.

Full company description

Wuliangye Yibin Co.,Ltd. manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China. The company's Wuliangye products include eighth-generation Wuliangye, 39 -degree Wuliangye, classic Wuliangye, 29 -degree Wuliangye, etc. It also offers other alcoholic beverage products, such as Wuliangchun, Wuliangchun, Wuliangtequ, Jianzhuang, etc. The company was founded in 1997 and is headquartered in Xuzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wuliangye Yibin Co Ltd reported revenue of 40.5B CNY in FY2025 versus 66.2B CNY in FY2021, a compound −11.5%/yr. Reported net income was 9.0B CNY in FY2025, compounding −21.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
40.5B CNY
Latest YoY
−54.6%
Avg. revenue 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.
−18.2%
Avg. revenue 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.
−6.7%
Avg. revenue growth/yr (30Y) 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.
+13.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−7.6% (−14.8 + 7.2)
Revenue −11.5%/yr
FY21 66.2B CNY
FY22 74.0B CNY
FY23 83.3B CNY
FY24 89.2B CNY
FY25 40.5B CNY
Net income −21.3%/yr
FY21 23.4B CNY
FY22 26.7B CNY
FY23 30.2B CNY
FY24 31.9B CNY
FY25 9.0B CNY
Character of growth · EPS growth decomposed (2013-2024) +17.7 % p.a.
Revenue per share +15.2 %

of which total revenue +15.5 % · buybacks/dilution −0.2 %

EBIT margin +2.2 %
Tax rate +0.0 %
Residual (interest, one-offs) +0.0 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

000858 screens 49% overvalued. Compare with Kweichow Moutai Co →

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Cite: Fair Value Calculator (2026). "Wuliangye Yibin Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000858

Peer Group

Beverages - Wineries & Distilleries · 94 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 73 · Top 25%
Fair Value upside −33% · Below median
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 27% · Top 25%
Operating margin (TTM) 44% · Top 25%
Revenue growth 34% · Top 25%
Dividend yield (TTM) 7.2% · Top 25%

Valuation Multiples vs Beverages - Wineries & Distilleries median · lower = cheaper

P/E (TTM) 22.2× · Pricier than median
P/B 2.38× · Pricier than 75% of peers
P/S (TTM) 6.18× · Pricier than 75% of peers
P/FCF 1.5× · Cheaper than median
EV/EBITDA 11.0× · Pricier than median
PEG 0.48× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 15
FUTURE100 · sector 0
PAST37 · sector 19
HEALTH0 · sector 95
DIVIDEND100 · sector 60

VALUE 0: the price sits above our fair-value range.

Insider activity: 35/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Alcohol

Similar stocks

10 more Beverages - Wineries & Distilleries stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Kweichow Moutai Co 600519 ¥1,303 ¥1,238 −5%
Diageo plc DEO $92.99 $73.29 −21%
Shanxi Xinghuacun Fen Wine Factory Co 600809 ¥116.39 ¥185.80 +60%
Pernod Ricard SA RI €63.20 €76.13 +20%
Luzhou Laojiao Co 000568 ¥84.50 ¥149.17 +77%
Brown-Forman Corporation BFA $28.72 $27.69 −4%
United Spirits Limited UNITDSPR ₹1,528 ₹285.39 −81%
Thai Beverage Public Company Y92 0.4650 SGD 0.7000 SGD +51%
Jiangsu Yanghe Distillery Co 002304 ¥39.59 ¥27.82 −30%
Anhui Gujing Distillery Co 000596 ¥93.90 ¥141.00 +50%

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Frequently asked questions

Is Wuliangye Yibin Co Ltd (000858) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ¥48.44 versus a price of ¥71.98, about −33% upside (overvalued).
What is the fair value of 000858?
Our model-based fair value for Wuliangye Yibin Co Ltd is ¥48.44 (as of Aug 19, 2026), built from audited fundamentals. The current price: ¥71.98.
What is the quality score of 000858?
Wuliangye Yibin Co Ltd has a Quality Score of 73/100. 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 Wuliangye Yibin Co Ltd (000858)?
Wuliangye Yibin Co Ltd reported trailing-twelve-month revenue of about 46.3B CNY (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 000858?
The net profit margin of Wuliangye Yibin Co Ltd is about 27.2%, meaning it keeps roughly 27.2% of revenue as net income. Based on the latest reported figures.
Does Wuliangye Yibin Co Ltd pay a dividend?
Wuliangye Yibin Co Ltd currently shows a dividend yield of about 7.16% relative to its recent price (as of Aug 19, 2026).
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