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Shenyang Chemical Industry Co Ltd (000698) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Shenyang Chemical Industry Co Ltd stock ¥2.40, price ¥3.67, that is 34.6% below the price, quality 47 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CN · ISIN CNE0000002H3

SC Shenyang Chemical Industry Co Ltd logo Thin data Nov 5, 2026

Shenyang Chemical Industry Co Ltd

000698 · SHE
Expensive, weak quality

Our calculation puts a fair price 35% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +20%, profit +132%.
Quality 47/100
Thin margins · 0.1% net margin (TTM)
Fair value ¥2.40 · Overvalued
Weak Growth (revenue 5y −10.1 %/yr in CNY)
Negative free cash flow
Trails peers (4/13)
Narrow moat 22/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

¥8.35 ¥2.53 Fair Value ¥2.40 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥2.53 – ¥8.35 · fair‑value band ¥1.38 – ¥3.12 · the ¥3.67 price screens above the ¥2.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Shenyang Chemical Co., Ltd provides chlor-alkali chemicals, deep oil processing and new chemical materials in China and internationally.

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The company offers chlorine and alkali chemicals, including diaphragm and membrane process sodium hydroxide, sodium hypochlorite, industrial liquid chlorine, and industrial synthetic hydrochloric acid.

It also provides petrochemical products, such as liquefied petroleum gas, toluene, mixed C4, mixed benzol, industrial propylene, industrial 1-butylene, benzene, and heavy liquid paraffin.

In addition, the company offers various chemical materials comprising paste polyvinyl chloride resin, vinyl chloride-vinyl acetate copolymer paste resin, polyether, propylene oxide, methyl tertiary butyl ether, polyethylene resin, acrylic acid and ester, and fumed silica.

Its products are used in the chemical sectors of metallurgy, light industry, textiles, medical care, cars and electronics industry, agriculture, construction, and other fields. Shenyang Chemical Industry Co., Ltd. was founded in 1938 and is based in Shenyang, China.

Stock analysis

Shenyang Chemical Industry Co Ltd (000698) currently trades at ¥3.67, while our model-based Fair Value estimate is ¥2.40, 35% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of ¥1.43 per share, and 0 of the 6 models we run sit above the ¥3.67 price.

Bear case: the Asset-Based group reads lowest at ¥0.7000, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥1.38 (bear) to ¥3.12 (bull), the price of ¥3.67 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Shenyang Chemical Industry Co Ltd reported revenue of 5.6B CNY in FY2025 versus 10.1B CNY in FY2021, a compound −13.7%/yr. Reported net income was −10.9M CNY in FY2025.

Key figures

Market cap 3.0B CNY (≈ $451M) Small · P/E ratio 367.0 · P/S ratio 0.48 · EPS (TTM) ¥0.0100 · Dividend yield 2.1% · Net margin 0.1% · Return on equity 0.3% · Return on assets (EBIT) −6.3% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).

What moves the price

The share trades about 12% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −35%, 000698 screens richer than that median.

Fair Value models

Bear ¥1.38 Fair Value ¥2.40 Bull ¥3.12
Price ¥3.67 · Downside -34.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0086 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ¥1.27 ¥1.43 ¥1.56 74
ROIC Compounder ¥1.27 ¥1.43 ¥1.56 72
EV/EBITDA ¥2.32 ¥3.38 ¥4.43 67
All 6 models by family
Earnings-Based
EPV ¥1.27 ¥1.43 ¥1.56 74
Multiples
EV/EBIT ¥0.6900 ¥1.20 ¥1.71 64
EV/EBITDA ¥2.32 ¥3.38 ¥4.43 67
EV/Revenue ¥0.4800 ¥1.06 ¥1.63 51
Asset-Based
NCAV (Graham) ¥0.5200 ¥0.7000 ¥1.04 54
Economic Profit
ROIC Compounder ¥1.27 ¥1.43 ¥1.56 72

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 28
How much profit the company makes from its sales and capital
Quality Growth 72
Are margins and returns getting better?
Cashflow 14
Do the profits arrive as real cash?
Financial strength 28
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 88
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 45
Distance to the 52-week high, does not count
New shares 69
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+11.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−10.1%
Start year 2020 (pandemic). Over 10 years: −5.3% a year
Revenue growth 32 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
5.6% (2020) → 2.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

000698 screens overvalued: fair value 35% below the price. Compare with BASF SE →

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Peer Groupⓘ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.Chemicals · 337 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −33.7% · Below median
Profitability
Return on equity (12 months) 0.3% · Bottom 25%
Return on assets −0.2% · Bottom 25%
Net margin (12 months) 0.1% · Bottom 25%
Operating margin (12 months) 5.2% · Below median
Growth and dividend
Revenue growth (quarter YoY) 19.7% · Above median
Dividend yield (12 months) 2.1% · Above median
Balance sheet
Debt / equity 0.42× · Highest 25%

Valuation Multiplesvs Chemicals median · lower = cheaper

P/E (12 months) 367.0× · Priciest 25%
P/B 2.15× · Pricier than median
P/S (12 months) 0.48× · Cheapest 25%
EV/EBITDA 8.0× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 9
FUTURE (revenue growth)99 · sector 67
PAST (return on equity)1 · sector 24
HEALTH (low debt)79 · sector 94
DIVIDEND (yield)41 · sector 32

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

Context: sector, industry, market

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

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
LG Chem, Ltd 051910 232,000 KRW 587,755 KRW +153% vs 000698
Dow Inc DOW $31.40 $41.88 +33% vs 000698
Hengli Petrochemical Co 600346 ¥16.62 ¥19.26 +16% vs 000698
Ningxia Baofeng Energy Group 600989 ¥21.24 ¥22.31 +5% vs 000698
Saudi Basic Industries Corporation 2010 47.50 SAR 36.26 SAR −24% vs 000698
BASF SE BAS €54.28 €38.46 −29% vs 000698
Jiangsu Eastern Shenghong Co 000301 ¥10.41 ¥6.28 −40% vs 000698
Zhejiang Juhua Co 600160 ¥32.32 ¥19.31 −40% vs 000698
Formosa Chemicals & Fibre Corporation 1326 68.90 TWD 35.56 TWD −48% vs 000698
Zangge Mining Company 000408 ¥66.38 ¥17.47 −74% vs 000698

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Shenyang Chemical Industry Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shenyang Chemical Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000698

Frequently asked questions

Is Shenyang Chemical Industry Co Ltd (000698) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥2.40 versus a price of ¥3.67, about 35% lower (overvalued).
What is the fair value of 000698?
Our model-based fair value for Shenyang Chemical Industry Co Ltd is ¥2.40 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥3.67.
What is the quality score of 000698?
Shenyang Chemical Industry Co Ltd has a Quality Score of 47/100. 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 price target for Shenyang Chemical Industry Co Ltd (000698)?
Our model-based price target is the fair value of ¥2.40 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario ¥1.38, optimistic scenario ¥3.12. It is a calculation from audited fundamentals, not an analyst target.
What is the Shenyang Chemical Industry Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.40, about 35% lower versus a price of ¥3.67 (overvalued). Cautious scenario ¥1.38, optimistic scenario ¥3.12. The calculation is refreshed regularly with new filings.
What is the revenue of Shenyang Chemical Industry Co Ltd (000698)?
Shenyang Chemical Industry Co Ltd reported trailing-twelve-month revenue of about 6.2B CNY (latest available figure, as of Nov 5, 2026).
Does Shenyang Chemical Industry Co Ltd pay a dividend?
Shenyang Chemical Industry Co Ltd currently shows a dividend yield of 2.06% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Shenyang Chemical Industry Co Ltd (000698)?
Shenyang Chemical Industry Co Ltd has a dividend yield of 2.1%.
What is the intrinsic value of Shenyang Chemical Industry Co Ltd (000698)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shenyang Chemical Industry Co Ltd it is ¥2.40 per share (as of Nov 5, 2026), against a price of ¥3.67. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Shenyang Chemical Industry Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 000698 trades above its calculated fair value: price ¥3.67, fair value ¥2.40, a gap of about −35% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 000698?
No. The price is what the market pays today (¥3.67); the fair value is what the company's own numbers justify (¥2.40). For Shenyang Chemical Industry Co Ltd the two are ¥1.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shenyang Chemical Industry Co Ltd worth?
The market values Shenyang Chemical Industry Co Ltd at about 3.0B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥3.67; our models calculate a fair value of ¥2.40 per share.
What do the bullish and bearish scenarios say about 000698?
Our models span a range for Shenyang Chemical Industry Co Ltd: cautious scenario ¥1.38, base ¥2.40, optimistic ¥3.12 per share (as of Nov 5, 2026, price ¥3.67). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 000698?
Shenyang Chemical Industry Co Ltd trades at a price-to-earnings ratio of 367.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥2.40 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2016 to 2021), reported earnings: 21.9. Other multiples: P/B 2.2, P/S 0.5, EV/EBITDA 8.0.
How solid is the balance sheet of Shenyang Chemical Industry Co Ltd (000698)?
Balance-sheet figures for Shenyang Chemical Industry Co Ltd (as of Nov 5, 2026): return on equity 0.3%, debt of 0.42 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 000698 from its 52-week high?
Shenyang Chemical Industry Co Ltd trades at ¥3.67, about 12% below its 52-week high of ¥4.16 and 25% above the low of ¥2.94 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.40 is for.
Which stocks are comparable to Shenyang Chemical Industry Co Ltd?
From the same area (Basic Materials) we also value BASF SE, Saudi Basic Industries Corporation, Dow Inc, Ningxia Baofeng Energy Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shenyang Chemical Industry Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥3.67, calculated fair value ¥2.40 (−35%), Quality Score 47/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 000698 calculated?
We run Shenyang Chemical Industry Co Ltd through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥2.40 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Shenyang Chemical Industry Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shenyang Chemical Industry Co Ltd (000698)?
The closing price on Nov 9, 2026 was ¥3.67. Our model-based fair value is ¥2.40, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shenyang Chemical Industry Co Ltd right now?
The price sits above even our optimistic bull case (¥3.12). The favourable scenario is already priced in. Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥1.38 to ¥3.12) leaves room in how you read the outcome.

Key figures of Shenyang Chemical Industry Co Ltd

How large is the market capitalisation of Shenyang Chemical Industry Co Ltd (000698)?
The market capitalisation of Shenyang Chemical Industry Co Ltd is 3.0B CNY (≈ $451M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shenyang Chemical Industry Co Ltd (000698)?
The price-to-sales ratio of Shenyang Chemical Industry Co Ltd is 0.48 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shenyang Chemical Industry Co Ltd (000698)?
Earnings per share at Shenyang Chemical Industry Co Ltd are ¥0.0100 (price ÷ EPS = P/E 367.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shenyang Chemical Industry Co Ltd (000698)?
The dividend yield of Shenyang Chemical Industry Co Ltd is 2.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shenyang Chemical Industry Co Ltd (000698)?
The net margin of Shenyang Chemical Industry Co Ltd is 0.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shenyang Chemical Industry Co Ltd (000698)?
The return on equity (ROE) of Shenyang Chemical Industry Co Ltd is 0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shenyang Chemical Industry Co Ltd (000698)?
On an EBIT basis the return on assets of Shenyang Chemical Industry Co Ltd is −6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shenyang Chemical Industry Co Ltd (000698)?
The operating margin of Shenyang Chemical Industry Co Ltd is 5.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shenyang Chemical Industry Co Ltd (000698)?
Revenue at Shenyang Chemical Industry Co Ltd is growing +19.7% versus a year earlier (3y avg −1.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shenyang Chemical Industry Co Ltd (000698)?
Earnings per share at Shenyang Chemical Industry Co Ltd are growing +132% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shenyang Chemical Industry Co Ltd (000698) generate?
The free cash flow of Shenyang Chemical Industry Co Ltd is −62.5M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shenyang Chemical Industry Co Ltd (000698) carry?
The net debt of Shenyang Chemical Industry Co Ltd is 698M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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