<div id="readability-page-1"><div><h2>Why China Youran Dairy Group’s latest circular delay and earnings matter for investors</h2> <p>China Youran Dairy Group (SEHK:9858) has drawn attention after further delaying its circular on a connected share subscription and whitewash waiver, while also reporting full year 2025 results that included CNY 20,653.71 million in sales and a narrowed net loss.</p> <p>See our latest analysis for China Youran Dairy Group.</p> <p>At a share price of HK$4.21, the stock has a 1 day share price return of 5.78% and 7 day share price return of 10.79%. Its 30 and 90 day share price returns remain negative, while the 1 year and 3 year total shareholder returns are very large, suggesting short term volatility against a stronger longer term backdrop.</p> <p>If this mix of short term swings and longer term gains has you thinking about where else capital might work hard, it could be worth scanning 96 top founder-led companies</p> <p>With the share price up in the last week, trading below one published analyst target and earnings still showing a loss, investors may question whether China Youran represents mispriced value or whether the market is already factoring in potential future growth.</p> <h2>Preferred Price-to-Sales of 0.8x: Is it justified?</h2> <p>China Youran Dairy Group trades on a P/S of 0.8x, which lines up with the Hong Kong Food industry average, while our fair P/S estimate sits slightly higher at 0.9x.</p> <p>The P/S ratio compares the company’s market value to its revenue. This can be useful for loss making businesses where earnings do not yet tell the full story. For China Youran, this frames a HK$17.65b market cap against CN¥20,653.71m in sales and a current net loss of CN¥432.39m, so the market is paying for the revenue base rather than current profits.</p> <p>Against direct peers, the stock looks expensive versus a peer average P/S of 0.6x. This suggests investors are paying a premium compared to similar names in the sector. However, relative to the estimated fair P/S of 0.9x, the current 0.8x level sits below a point that our fair ratio work indicates the market could potentially move toward if assumptions behind that model play out.</p> <p>Explore the SWS fair ratio for China Youran Dairy Group</p> <p><strong>Result: Price-to-Sales of 0.8x (ABOUT RIGHT)</strong></p> <p>However, there are still clear watchpoints, including the current CN¥432.39m net loss and the reliance on assumptions behind the 0.9x fair P/S estimate.</p> <p>Find out about the key risks to this China Youran Dairy Group narrative.</p> <h2>Another angle from the SWS DCF model</h2> <p>While the P/S ratio suggests China Youran is roughly in line with the Hong Kong Food industry, the SWS DCF model points in a different direction. With the share price at HK$4.21 versus an estimated future cash flow value of HK$5.97, the model suggests the stock is trading at a discount. Which signal do you trust more when both are built on their own set of assumptions?</p> <p>For a closer look at how this cash flow based view is built and what could cause it to change, Look into how the SWS DCF model arrives at its fair value.</p> <figure><img height="476" src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/50517a75-0d14-481b-b9c2-b9a45576abb8/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTA0?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="746" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/50517a75-0d14-481b-b9c2-b9a45576abb8/chart/dcf/query-ZGF0ZT0yMDI2LTA0LTA0"/><figcaption>9858 Discounted Cash Flow as at Apr 2026</figcaption></figure><p>Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out China Youran Dairy Group for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 247 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity.</p> <h2>Next Steps</h2> <p>After weighing up the mixed signals on value and earnings, it makes sense to look under the hood yourself and act while the data is fresh. To see how the balance of concerns and optimism stacks up for your own portfolio, take a close look at the 3 key rewards and 1 important warning sign</p> <h2>Looking for more investment ideas?</h2> <p>If China Youran has sharpened your focus, do not stop here. Broader ideas can help you spread risk and spot opportunities you might otherwise overlook.</p> <ul> <li>Target potential mispricing by reviewing companies that show up in the 247 high quality undervalued stocks.</li> <li>Strengthen your income stream by scanning the 468 dividend fortresses.</li> <li>Prioritise resilience by checking stocks in the 280 resilient stocks with low risk scores.</li> </ul> <p><em> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data     and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your     financial situation. We aim to bring you long-term focused analysis driven by fundamental data.     Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.     Simply Wall St has no position in any stocks mentioned.</em></p><div><h3><strong>New: </strong>AI Stock Screener &amp; Alerts</h3><p>Our new AI Stock Screener scans the market every day to uncover opportunities.</p><div><p>• Dividend Powerhouses (3%+ Yield)<br/>• Undervalued Small Caps with Insider Buying<br/>• High growth Tech and AI Companies</p><p>Or build your own from over 50 metrics.</p></div><p>Explore Now for Free</p></div></div></div>

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<p>China Youran Dairy Group (SEHK:9858) has delayed its circular on a share subscription and reported a narrowed net loss for 2025, with sales of CNY 20,653.71 million. The stock price rose 5.78% in one day, but has negative returns over 30 and 90 days. Trading at a P/S of 0.8x, it aligns with the industry average, but is considered expensive compared to peers. A DCF model suggests the stock is undervalued at HK$4.21, with a future cash flow value of HK$5.97. Investors are advised to weigh mixed signals on value and earnings.</p>

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A Look At China Youran Dairy Group (SEHK:9858) Valuation After Circular Delay And Narrowed Full-Year Loss