ZX PACKING ORD A (SHH) EQSW Exp: (603091) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of ZX PACKING ORD A (SHH) EQSW Exp: stock ¥16.67, price ¥46.14, that is 63.9% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 6, 2026.
How to read this chart
26‑month range ¥25.82 – ¥60.46 · fair‑value band ¥13.26 – ¥18.14 · the ¥46.14 price screens above the ¥16.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. engages in the research, development, manufacture, and sale of paper and paperboard container in China and internationally.
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The company offers food packaging products, such as bowls, cups, plates, trays, clamshells, cutlery, and takeaway boxes.
It also provides cushioning trays for mobile phones, headphones, and smartwatches; inner trays for cosmetic gift boxes; customized cushioning structures for health products; and integrated shockproof and moisture-proof packaging for tobacco and alcohol.
The company was founded in 2016 and is headquartered in Jinhua, China.
Stock analysis
ZX PACKING ORD A (SHH) EQSW Exp: (603091) currently trades at ¥46.14, while our model-based Fair Value estimate is ¥16.67, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥31.62 per share, and 0 of the 16 models we run sit above the ¥46.14 price.
Bear case: the Asset-Based group reads lowest at ¥3.82, and 16 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥13.26 (bear) to ¥18.14 (bull), the price of ¥46.14 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 41/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ZX PACKING ORD A (SHH) EQSW Exp: reported revenue of 1.5B CNY in FY2025 versus 910M CNY in FY2021, a compound +13.4%/yr. Reported net income was 266M CNY in FY2025, compounding +27.9%/yr from FY2021.
Key figures
Market cap 6.6B CNY (≈ $993M) Small · P/E ratio 20.3 · P/S ratio 3.82 · EPS (TTM) ¥2.27 · Dividend yield 1.5% · Net margin 19.8% · Return on equity 15.8% · Return on assets (EBIT) 16.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −64%, 603091 screens richer than that median.
Fair Value models
Bear¥13.26Fair Value ¥16.67Bull¥18.14
Price ¥46.14 · Downside -63.9%
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 (¥1.35 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.
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.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.6%
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.
+4.6%
’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.
+16.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.7%
Dividend (yield on the price)1.5%
Profit margin 2021 to 2025 ⓘ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.17% → 22%
Compare ZX PACKING ORD A (SHH) EQSW Exp: with another stock
Price, fair value, quality and upside side by side.
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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.Paper & Paper Products · 117 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−63.9% · Bottom 25%
Profitability
Return on equity (12 months)15.8% · Top 25%
Return on assets9.3% · Top 25%
Net margin (12 months)19.8% · Top 25%
Operating margin (12 months)20.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)60.0% · Top 25%
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (12 months)20.3× · Pricier than median
P/B3.01× · Priciest 25%
P/S (12 months)3.82× · Priciest 25%
EV/EBITDA12.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)100· sector 31
PAST (return on equity)63· sector 14
HEALTH (low debt)96· sector 91
DIVIDEND (yield)30· sector 39
VALUE 0: the price sits above our fair-value range.
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). "ZX PACKING ORD A (SHH) EQSW Exp: Fair Value". https://www.fairvalue-calculator.com/stock/603091
Frequently asked questions
Is ZX PACKING ORD A (SHH) EQSW Exp: (603091) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of ¥16.67 versus a price of ¥46.14, about 64% lower (overvalued).
What is the fair value of 603091?
Our model-based fair value for ZX PACKING ORD A (SHH) EQSW Exp: is ¥16.67 (as of Nov 6, 2026), built from audited fundamentals. The current price: ¥46.14.
What is the quality score of 603091?
ZX PACKING ORD A (SHH) EQSW Exp: has a Quality Score of 41/100. 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Our model-based price target is the fair value of ¥16.67 (as of Nov 6, 2026) from 16 valuation models. Cautious scenario ¥13.26, optimistic scenario ¥18.14. It is a calculation from audited fundamentals, not an analyst target.
What is the ZX PACKING ORD A (SHH) EQSW Exp: stock forecast for 2026?
Our models put fair value at ¥16.67, about 64% lower versus a price of ¥46.14 (overvalued). Cautious scenario ¥13.26, optimistic scenario ¥18.14. The calculation is refreshed regularly with new filings.
What is the revenue of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
ZX PACKING ORD A (SHH) EQSW Exp: reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Nov 6, 2026).
Does ZX PACKING ORD A (SHH) EQSW Exp: pay a dividend?
ZX PACKING ORD A (SHH) EQSW Exp: currently shows a dividend yield of 1.49% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of ZX PACKING ORD A (SHH) EQSW Exp: (603091) and when is the ex-dividend date?
ZX PACKING ORD A (SHH) EQSW Exp: pays a dividend of ¥0.686 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Jun 25, 2026. The payout ratio is 30.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZX PACKING ORD A (SHH) EQSW Exp: it is ¥16.67 per share (as of Nov 6, 2026), against a price of ¥46.14. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is ZX PACKING ORD A (SHH) EQSW Exp: stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 603091 trades above its calculated fair value: price ¥46.14, fair value ¥16.67, a gap of about −64% (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 603091?
No. The price is what the market pays today (¥46.14); the fair value is what the company's own numbers justify (¥16.67). For ZX PACKING ORD A (SHH) EQSW Exp: the two are ¥29.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is ZX PACKING ORD A (SHH) EQSW Exp: worth?
The market values ZX PACKING ORD A (SHH) EQSW Exp: at about 6.6B CNY (market capitalisation, as of Nov 6, 2026). Per share that is ¥46.14; our models calculate a fair value of ¥16.67 per share.
What do the bullish and bearish scenarios say about 603091?
Our models span a range for ZX PACKING ORD A (SHH) EQSW Exp:: cautious scenario ¥13.26, base ¥16.67, optimistic ¥18.14 per share (as of Nov 6, 2026, price ¥46.14). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603091?
ZX PACKING ORD A (SHH) EQSW Exp: trades at a price-to-earnings ratio of 20.3 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥16.67 is built from several models across several years. Other multiples: P/B 3.0, P/S 3.8, EV/EBITDA 12.6.
How solid is the balance sheet of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Balance-sheet figures for ZX PACKING ORD A (SHH) EQSW Exp: (as of Nov 6, 2026): return on equity 15.8%, debt of 0.08 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 603091 from its 52-week high?
ZX PACKING ORD A (SHH) EQSW Exp: trades at ¥46.14, about 24% below its 52-week high of ¥60.46 and 13% above the low of ¥41.01 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥16.67 is for.
Which stocks are comparable to ZX PACKING ORD A (SHH) EQSW Exp:?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, 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 ZX PACKING ORD A (SHH) EQSW Exp: stock attractive at the current price?
The data as of Nov 6, 2026: price ¥46.14, calculated fair value ¥16.67 (−64%), Quality Score 41/100, from 16 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 603091 calculated?
We run ZX PACKING ORD A (SHH) EQSW Exp: through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥16.67 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. ZX PACKING ORD A (SHH) EQSW Exp: 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The closing price on Nov 6, 2026 was ¥46.14. Our model-based fair value is ¥16.67, about 64% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZX PACKING ORD A (SHH) EQSW Exp: right now?
The price sits above even our optimistic bull case (¥18.14). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of ZX PACKING ORD A (SHH) EQSW Exp:
How large is the market capitalisation of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The market capitalisation of ZX PACKING ORD A (SHH) EQSW Exp: is 6.6B CNY (≈ $993M). 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The price-to-sales ratio of ZX PACKING ORD A (SHH) EQSW Exp: is 3.82 (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Earnings per share at ZX PACKING ORD A (SHH) EQSW Exp: are ¥2.27 (price ÷ EPS = P/E 20.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The dividend yield of ZX PACKING ORD A (SHH) EQSW Exp: is 1.5% (payout 30.2%). 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The net margin of ZX PACKING ORD A (SHH) EQSW Exp: is 19.8% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The return on equity (ROE) of ZX PACKING ORD A (SHH) EQSW Exp: is 15.8% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
On an EBIT basis the return on assets of ZX PACKING ORD A (SHH) EQSW Exp: is 16.5% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The operating margin of ZX PACKING ORD A (SHH) EQSW Exp: is 20.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Revenue at ZX PACKING ORD A (SHH) EQSW Exp: is growing +60.0% versus a year earlier (3y avg +4.6%). 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Earnings per share at ZX PACKING ORD A (SHH) EQSW Exp: are growing +131% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ZX PACKING ORD A (SHH) EQSW Exp: (603091) generate?
The free cash flow of ZX PACKING ORD A (SHH) EQSW Exp: is −138M 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091) carry?
The net debt of ZX PACKING ORD A (SHH) EQSW Exp: is 23.0M 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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Broad data
Nov 6, 2026