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Eastroc Beverage Group Co Ltd (605499) Fair Value & Analysis

Consumer Defensive · CN · Market cap 92.5B CNY (≈ $13.8B) · ISIN CNE100005576

What is Eastroc Beverage Group Co Ltd really worth?

EB Eastroc Beverage Group Co Ltd 605499 · SHG
Price¥120.41
Fair Value¥107.57
Upside−10.7%
Quality64/100

A solid business, but trading 12% above our fair value of ¥107.57.

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Strengths

Healthy Growth (revenue 5y +33.3 %/yr)
Highly profitable · 21.4% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 80/100

Risks

!The models disagree: range ¥80.33 to ¥360.41
!Weak on valuation: 19 out of 100

For context

·3.19% dividend yield
Evidence: High Range ¥80.33 – ¥360.41

Fair value as of: Aug 21, 2026

From 26 valuation models · updated 15 days ago

Share price −1.7% over the past month.

What runs behind every stock

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

What matters now

  • The model range is unusually wide (¥80.33 to ¥360.41). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

¥252.22 ¥36.07 Fair Value ¥107.57 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥36.07 – ¥252.22 · fair‑value band ¥80.33 – ¥360.41 · the ¥120.41 price screens above the ¥107.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Eastroc Beverage Group Co Ltd (605499) currently trades at ¥120.41, while our model-based Fair Value estimate is ¥107.57, implying the stock looks roughly 11.9% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer Defensive sector. Bull case: the Growth Earnings group reads highest at a median of ¥277.24 per share, and 14 of the 26 models we run sit above the ¥120.41 price. Bear case: the Economic Profit group reads lowest at ¥58.74, and 12 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Eastroc Beverage Group Co Ltd generated revenue of 21.9B CNY at a net margin of 21.4%. Revenue grew 21.5% year over year. It earns a return on equity of 32.2%. Net debt stands at 950M CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥80.33 (bear case) to ¥360.41 (bull case); at ¥120.41, 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −23% fair-value upside, at −11%, 605499 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥2.08 per share, which is 1.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

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 ¥105.30 ¥161.06 ¥338.62 76
Growth DCF ¥99.52 ¥189.58 ¥337.16 75
EPV ¥70.17 ¥80.52 ¥89.57 74
All 26 models by family
DCF Models
FCF DCF ¥105.30 ¥161.06 ¥338.62 76
Owner Earnings ¥69.03 ¥146.78 ¥310.00 71
5Y Revenue Exit ¥60.93 ¥92.49 ¥157.96 71
5Y EBITDA Exit ¥96.42 ¥164.26 ¥297.29 72
5Y P/E Exit ¥112.38 ¥244.11 ¥424.15 67
10Y Revenue Exit ¥73.28 ¥134.82 ¥168.81 67
10Y EBITDA Exit ¥100.65 ¥211.24 ¥403.10 64
10Y P/E Exit ¥112.29 ¥245.62 ¥465.98 60
Earnings-Based
Graham-Dodd ¥44.41 ¥309.73 ¥434.66 63
Lynch FV ¥145.75 ¥208.22 ¥270.68 61
PEG = 1.0 ¥145.75 ¥208.22 ¥270.68 57
EPV ¥70.17 ¥80.52 ¥89.57 74
Dividend Discount
Gordon GGM ¥36.37 ¥75.63 ¥119.97 66
DDM Multi-Stage ¥36.37 ¥63.77 ¥79.37 66
Multiples
P/E Multiple ¥102.87 ¥137.16 ¥171.45 63
P/S Multiple ¥37.06 ¥49.41 ¥61.76 58
P/B Multiple ¥57.49 ¥76.65 ¥95.81 55
EV/EBIT ¥105.93 ¥138.55 ¥171.16 66
EV/EBITDA ¥89.81 ¥117.05 ¥144.30 67
EV/Revenue ¥40.50 ¥54.40 ¥68.29 54
Asset-Based
NCAV (Graham) ¥6.97 ¥9.34 ¥13.94 54
Growth DCF
Growth DCF ¥99.52 ¥189.58 ¥337.16 75
Rev-Margin DCF ¥65.09 ¥104.76 ¥186.41 70
Economic Profit
Residual Income ¥45.80 ¥58.74 ¥468.77 64
ROIC Compounder ¥78.33 ¥102.06 ¥130.36 72
Growth Earnings
Growth-Adj P/E ¥194.07 ¥277.24 ¥360.41 67

Widest divergence: Growth Earnings (¥277.24) versus Asset-Based (¥9.34). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 19.5 as of Jun 7, 2026
P/S ratio 4.13 P/E × margin
EPS (TTM) ¥6.89 price ÷ EPS = P/E 19.5
Dividend yield 3.2% payout 55.8%
Net margin 21.2% FY2025
Return on equity 32.2% TTM
More key figures
Profitability
Return on assets (EBIT) 18.1% avg 5y
Operating margin 25.5% TTM
Growth
Revenue (TTM) 21.9B CNY TTM
Revenue growth (YoY) +21.5% 3y avg +34.9%
EPS growth (YoY) +5.7%
Balance sheet & cash flow
Free cash flow 3.9B CNY FY2025
Net debt 950M CNY FY2025 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 28

Profitability 80
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 17
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 11
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 40
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

Eastroc Beverage (Group) Co., Ltd. engages in the manufacturing and distribution of beverages in the People's Republic of China. The company offers energy, sports, tea, coffee, plant-based protein, electrolytes, and fruit and vegetable juice beverages.

Full company description

Eastroc Beverage (Group) Co., Ltd. engages in the manufacturing and distribution of beverages in the People's Republic of China. The company offers energy, sports, tea, coffee, plant-based protein, electrolytes, and fruit and vegetable juice beverages. It also provides eastroc beverages, including eastroc ewater, eastroc coffee master, eastroc tea, eastroc milk tea, eastroc roasted good tea, and eastroc coco island. In addition, the company engages in international trade business, as well as provision of supply chain management services. It primarily exports its products to the United States, South Korea, Malaysia, Vietnam, and Indonesia. The company was formerly known as Shenzhen Eastroc Beverage Industry Co., Ltd. and changed its name to Eastroc Beverage (Group) Co., Ltd. in March 2018. The company was incorporated in 1994 and is based in Shenzhen, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Eastroc Beverage Group Co Ltd reported revenue of 20.9B CNY in FY2025 versus 7.0B CNY in FY2021, a compound +31.5%/yr. Reported net income was 4.4B CNY in FY2025, compounding +38.7%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
20.9B CNY
Latest YoY
+31.8%
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.
+34.9%
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.
+33.3%
Avg. revenue growth/yr (8Y) 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.
+28.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+36.3% (33.1 + 3.2)
Revenue +31.5%/yr
FY21 7.0B CNY
FY22 8.5B CNY
FY23 11.3B CNY
FY24 15.8B CNY
FY25 20.9B CNY
Net income +38.7%/yr
FY21 1.2B CNY
FY22 1.4B CNY
FY23 2.0B CNY
FY24 3.3B CNY
FY25 4.4B CNY

605499 screens 12% overvalued. Compare with The Coca-Cola Company →

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Cite: Fair Value Calculator (2026). "Eastroc Beverage Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/605499

Peer Group

Beverages - Non-Alcoholic · 87 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 64 · Above median
Fair Value upside −11% · Above median
Return on equity (TTM) 32% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 22% · Above median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Beverages - Non-Alcoholic median · lower = cheaper

P/E (TTM) 19.5× · Pricier than median
P/B 9.82× · Pricier than 75% of peers
P/S (TTM) 4.22× · Pricier than 75% of peers
P/FCF 3.5× · Pricier than median
EV/EBITDA 14.7× · Pricier 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
VALUE19 · sector 19
FUTURE100 · sector 43
PAST100 · sector 51
HEALTH99 · sector 97
DIVIDEND64 · sector 54

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 - Non-Alcoholic stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
The Coca-Cola Company KO $89.06 $36.57 −59%
PepsiCo, Inc PEP $139.72 $106.91 −23%
Monster Beverage Corporation MNST $46.70 $35.82 −23%
Nongfu Spring Co 9633 HK$42.54 HK$30.90 −27%
Coca-Cola Europacific Partners PLC CCEP €92.10 €70.86 −23%
Keurig Dr Pepper Inc KDP $32.18 $30.99 −4%
Coca-Cola FEMSA, S.A. KOF $112.58 $108.50 −4%
Coca-Cola HBC AG EEE €53.10 €46.77 −12%
Varun Beverages Limited VBL ₹431.00 ₹187.49 −56%
MIXUE Group 2097 HK$232.60 HK$307.46 +32%

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Frequently asked questions

Is Eastroc Beverage Group Co Ltd (605499) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥107.57 versus a price of ¥120.41, about −11% upside (overvalued).
What is the fair value of 605499?
Our model-based fair value for Eastroc Beverage Group Co Ltd is ¥107.57 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥120.41.
What is the quality score of 605499?
Eastroc Beverage Group Co Ltd has a Quality Score of 64/100. 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 Eastroc Beverage Group Co Ltd (605499)?
Eastroc Beverage Group Co Ltd reported trailing-twelve-month revenue of about 21.9B CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 605499?
The net profit margin of Eastroc Beverage Group Co Ltd is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Eastroc Beverage Group Co Ltd pay a dividend?
Eastroc Beverage Group Co Ltd currently shows a dividend yield of about 3.19% relative to its recent price (as of Aug 21, 2026).
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