Jsti Group (300284) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Jsti Group stock ¥3.89, price ¥5.09, that is 23.6% below the price, quality 54 out of 100. Rating: overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ¥4.01 – ¥15.10 · fair‑value band ¥2.82 – ¥5.03 · the ¥5.09 price screens above the ¥3.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
Follow Jsti in your weekly email
Every Wednesday you see whether Jsti is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
JSTI Group provides infrastructure solutions in China and internationally.
Show moreShow less
The company offers industry chain services, including investment and financing, project investment analysis, planning consulting, survey and design, construction supervision, engineering testing, safety consulting, digital intelligence, project management, operation and maintenance, asset management, and new material research and development services.
It serves highways, municipal affairs, railways, urban rail transit, water transportation and conservancy, environment, architecture, aviation, and electric power industries.
The company was formerly known as Jiangsu Transportation Research Institute Co., Ltd. and changed its name to JSTI Group in March 2015. JSTI Group was founded in 1978 and is headquartered in Nanjing, China.
Stock analysis
Jsti Group (300284) currently trades at ¥5.09, while our model-based Fair Value estimate is ¥3.89, 24% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of ¥4.99 per share, and 5 of the 24 models we run sit above the ¥5.09 price.
Bear case: the Dividend Discount group reads lowest at ¥1.19, and 19 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥2.82 (bear) to ¥5.03 (bull), the price of ¥5.09 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 54/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Jsti Group reported revenue of 4.2B CNY in FY2025 versus 5.1B CNY in FY2021, a compound −5.0%/yr. Reported net income was 23.5M CNY in FY2025, compounding −52.8%/yr from FY2021.
Key figures
Market cap 6.4B CNY (≈ $964M) Small · P/E ratio 509.0 · P/S ratio 2.11 · EPS (TTM) ¥0.0100 · Dividend yield 1.9% · Net margin 0.3% · Return on equity 0.2% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −24%, 300284 screens cheaper than that median.
Fair Value models
Bear¥2.82Fair Value ¥3.89Bull¥5.03
Price ¥5.09 · Downside -23.6%
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.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.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−11.9%
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.
−7.3%
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.
−5.4%
Start year 2020 (pandemic). Over 10 years: +5.0% a year
Revenue growth 17 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.
+13.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−43.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−45.8%
Dividend (yield on the price)1.9%
⚠ Revenue per share shrinking 9.3%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +5.8% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Engineering & Construction · 791 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside−23.6% · Below median
Profitability
Return on equity (12 months)0.2% · Bottom 25%
Return on assets0.2% · Bottom 25%
Net margin (12 months)0.4% · Below median
Operating margin (12 months)8.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)22.0% · Above median
Dividend yield (12 months)1.9% · Below median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)509.0× · Priciest 25%
P/B0.77× · Cheaper than median
P/S (12 months)2.11× · Priciest 25%
Price / free cash flow (fiscal year)26.1× · Pricier than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Jsti Group Fair Value". https://www.fairvalue-calculator.com/stock/300284
Frequently asked questions
Is Jsti Group (300284) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥3.89 versus a price of ¥5.09, about 24% lower (overvalued).
What is the fair value of 300284?
Our model-based fair value for Jsti Group is ¥3.89 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥5.09.
What is the quality score of 300284?
Jsti Group has a Quality Score of 54/100. 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 Jsti Group (300284)?
Our model-based price target is the fair value of ¥3.89 (as of Nov 5, 2026) from 24 valuation models. Cautious scenario ¥2.82, optimistic scenario ¥5.03. It is a calculation from audited fundamentals, not an analyst target.
What is the Jsti Group stock forecast for 2026?
Our models put fair value at ¥3.89, about 24% lower versus a price of ¥5.09 (overvalued). Cautious scenario ¥2.82, optimistic scenario ¥5.03. The calculation is refreshed regularly with new filings.
What is the revenue of Jsti Group (300284)?
Jsti Group reported trailing-twelve-month revenue of about 4.4B CNY (latest available figure, as of Nov 5, 2026).
Does Jsti Group pay a dividend?
Jsti Group currently shows a dividend yield of 1.87% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Jsti Group (300284) and when is the ex-dividend date?
Jsti Group pays a dividend of ¥0.095 per share a year, a dividend yield of 1.9%. The last ex-dividend date was Aug 28, 2026. A dividend has been paid every year since at least 2012. Free cash flow covers the dividend 2.96 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Jsti Group (300284)?
For today's price to be fair in a discounted-cash-flow model, Jsti Group would have to grow free cash flow by +7.6 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of 300284 use?
Our models discount Jsti Group at 10.4 %: a base by market capitalisation (small), damped by beta 0.21, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Jsti Group that is +7.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Jsti Group (300284) delivered so far?
Over the past 5 years revenue at Jsti Group grew -5.4 % a year. The price currently implies free-cash-flow growth of +7.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Jsti Group (300284) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Jsti Group (+7.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jsti Group (300284)?
The free-cash-flow yield on the price is 5.52 %: that much free cash flow Jsti Group produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jsti Group (300284)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jsti Group it is ¥3.89 per share (as of Nov 5, 2026), against a price of ¥5.09. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Jsti Group stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 300284 trades above its calculated fair value: price ¥5.09, fair value ¥3.89, a gap of about −24% (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 300284?
No. The price is what the market pays today (¥5.09); the fair value is what the company's own numbers justify (¥3.89). For Jsti Group the two are ¥1.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jsti Group worth?
The market values Jsti Group at about 6.4B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥5.09; our models calculate a fair value of ¥3.89 per share.
What do the bullish and bearish scenarios say about 300284?
Our models span a range for Jsti Group: cautious scenario ¥2.82, base ¥3.89, optimistic ¥5.03 per share (as of Nov 5, 2026, price ¥5.09). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Jsti Group (300284)?
Balance-sheet figures for Jsti Group (as of Nov 5, 2026): return on equity 0.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 300284 from its 52-week high?
Jsti Group trades at ¥5.09, about 40% below its 52-week high of ¥8.50 and 8% above the low of ¥4.73 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥3.89 is for.
Which stocks are comparable to Jsti Group?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, 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 Jsti Group stock attractive at the current price?
The data as of Nov 5, 2026: price ¥5.09, calculated fair value ¥3.89 (−24%), Quality Score 54/100, from 24 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 300284 calculated?
We run Jsti Group through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥3.89 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 13.0% above its aggregate fair value. Jsti Group 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 Jsti Group (300284)?
The closing price on Nov 6, 2026 was ¥5.09. Our model-based fair value is ¥3.89, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jsti Group right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Jsti Group
How large is the market capitalisation of Jsti Group (300284)?
The market capitalisation of Jsti Group is 6.4B CNY (≈ $964M). 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/E ratio of Jsti Group (300284)?
The price-to-earnings ratio of Jsti Group is 509.0 (· median at FY-end 17.1 (7 FY)). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Jsti Group (300284)?
The price-to-sales ratio of Jsti Group is 2.11 (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 Jsti Group (300284)?
Earnings per share at Jsti Group are ¥0.0100 (price ÷ EPS = P/E 509.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jsti Group (300284)?
The dividend yield of Jsti Group is 1.9%. 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 Jsti Group (300284)?
The net margin of Jsti Group is 0.3% (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 Jsti Group (300284)?
The return on equity (ROE) of Jsti Group is 0.2% (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 Jsti Group (300284)?
On an EBIT basis the return on assets of Jsti Group is 5.7% (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 Jsti Group (300284)?
The operating margin of Jsti Group is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jsti Group (300284)?
Revenue at Jsti Group is growing +22.0% versus a year earlier (3y avg −7.3%). 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 Jsti Group (300284)?
Earnings per share at Jsti Group are growing −26.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jsti Group (300284) carry?
The net debt of Jsti Group is 267M CNY (fiscal year 2020, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Jsti Group in the live analysis
One click puts Jsti Group on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 5, 2026