Jiangsu Changhai Compos Material (300196) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Jiangsu Changhai Compos Material stock ¥13.57, price ¥14.63, that is 7.2% below the price, quality 56 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Jiangsu Changhai Compos Material
300196 · SHEThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥7.37 – ¥32.60 · fair‑value band ¥10.18 – ¥16.96 · the ¥14.63 price screens above the ¥13.57 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
Jiangsu Changhai Composite Materials Co., Ltd engages in the research and development, production, and sale of glass fiber products and composite materials.
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It offers glass roving products, including felt yarn, SMC sheet, textile type direct, chopped fiber, winding type direct, jet, roof, plied drawn, and glass fiber chopped felt yarn, as well as plied yarn for pipe short cut, yarn for transparent plate, glass fiber for continuous pipes, and direct yarn for pultrusion and for weaving.
The company also provides fiberglass products, such as glass chopped strand mats, glass fiber wet mats, fiberglass fabric, fiberglass coated mats, fiberglass partitions, fiberglass continuous mats, and fiberglass mesh; thermoplastic glass fiber and its products, including thermoplastic fiberglass, continuous fiber reinforced thermoplastic prepreg tapes, reinforced polypropylene composite boards, thermoplastic fiberglass, thermoplastic honeycomb composite panels, and thermoplastic foam insulation composite boards; and glass fiber for wind power and photovoltaic.
In addition, it is involved in manufacturing unsaturated polyester resin; sale of methyl ethyl ketone peroxide, FRP products, chemical raw materials, and glass fiber raw materials; and testing, technical training, and consulting operations for FRP and its raw and auxiliary materials.
The company sells its products in China, North America, South America, Europe, the Middle East, Southeast Asia, Oceania, Africa, and internationally. Jiangsu Changhai Composite Materials Co., Ltd was founded in 2000 and is based in Changzhou, China.
Stock analysis
Jiangsu Changhai Compos Material (300196) currently trades at ¥14.63, while our model-based Fair Value estimate is ¥13.57, so the stock looks roughly fairly valued today (gap 7.8%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥14.98 per share, and 5 of the 16 models we run sit above the ¥14.63 price.
Bear case: the Dividend Discount group reads lowest at ¥4.58, and 11 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥10.18 (bear) to ¥16.96 (bull), the price of ¥14.63 sits inside 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 56/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jiangsu Changhai Compos Material reported revenue of 3.1B CNY in FY2025 versus 2.5B CNY in FY2021, a compound +5.8%/yr. Reported net income was 326M CNY in FY2025, compounding −13.1%/yr from FY2021.
Key figures
Market cap 6.0B CNY (≈ $896M) Small · P/E ratio 18.3 · P/S ratio 1.87 · EPS (TTM) ¥0.8000 · Dividend yield 2.4% · Net margin 10.2% · Return on equity 6.8% · Return on assets (EBIT) 8.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −25% fair-value upside, at −7%, 300196 screens cheaper than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare Jiangsu Changhai Compos Material with another stock
Price, fair value, quality and upside side by side.
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 · 336 stocks
Valuation Multiplesvs Chemicals median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 300196 |
| Dow Inc DOW | $31.40 | $41.88 | +33% | vs 300196 |
| Hengli Petrochemical Co 600346 | ¥16.62 | ¥19.26 | +16% | vs 300196 |
| Ningxia Baofeng Energy Group 600989 | ¥21.24 | ¥22.31 | +5% | vs 300196 |
| Saudi Basic Industries Corporation 2010 | 48.06 SAR | 36.26 SAR | −25% | vs 300196 |
| BASF SE BAS | €54.28 | €38.46 | −29% | vs 300196 |
| Zhejiang Juhua Co 600160 | ¥32.32 | ¥19.31 | −40% | vs 300196 |
| Formosa Chemicals & Fibre Corporation 1326 | 62.70 TWD | 35.56 TWD | −43% | vs 300196 |
| Ganfeng Lithium Group 002460 | ¥38.22 | ¥15.80 | −59% | vs 300196 |
| Zangge Mining Company 000408 | ¥66.38 | ¥17.47 | −74% | vs 300196 |
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Frequently asked questions
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Key figures of Jiangsu Changhai Compos Material
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