Jiangxi Jiangnan New Material (603124) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Jiangxi Jiangnan New Material stock ¥21.73, price ¥82.98, that is 73.8% below the price, quality 31 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 12, 2026.
How to read this chart
20‑month range ¥10.43 – ¥211.31 · fair‑value band ¥16.29 – ¥27.16 · the ¥82.98 price screens above the ¥21.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Jiangxi Jiangnan New Material Technology Co., Ltd. engages in the research, development, production, and sale of copper-based new materials worldwide. It offers copper ball series, copper oxide powder series, Anode Phosphor Bronze Series, and high-precision copper-based heat sink series.
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The company serves communications, computers, consumer electronics, automotive electronics, industrial control and medical, aerospace, new energy, and organosilicon. The company was founded in 2007 and is based in Yingtan City, China.
Stock analysis
Jiangxi Jiangnan New Material (603124) currently trades at ¥82.98, while our model-based Fair Value estimate is ¥21.73, 74% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥38.10 per share, and 0 of the 16 models we run sit above the ¥82.98 price.
Bear case: the Dividend Discount group reads lowest at ¥7.22, and 16 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥16.29 (bear) to ¥27.16 (bull), the price of ¥82.98 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 31/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Jiangxi Jiangnan New Material reported revenue of 10.3B CNY in FY2025 versus 6.3B CNY in FY2021, a compound +13.2%/yr. Reported net income was 219M CNY in FY2025, compounding +10.4%/yr from FY2021.
Key figures
Market cap 13.7B CNY (≈ $2.1B) Mid · P/E ratio 44.4 · P/S ratio 1.12 · EPS (TTM) ¥1.87 · Dividend yield 0.1% · Net margin 2.2% · Return on equity 14.9% · Return on assets (EBIT) 7.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 61% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −9% fair-value upside, at −74%, 603124 screens richer than that median.
Fair Value models
Bear¥16.29Fair Value ¥21.73Bull¥27.16
Price ¥82.98 · Downside -73.8%
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 (¥1.58 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
Residual Income¥11.22¥12.66¥16.6276
EPV¥24.00¥26.43¥28.4974
ROIC Compounder¥27.15¥33.98¥42.5972
All 16 models by family
Earnings-Based
Graham-Dodd¥10.22¥71.30¥100.0563
Lynch FV¥22.91¥32.73¥42.5561
PEG = 1.0¥22.91¥32.73¥42.5557
EPV¥24.00¥26.43¥28.4974
Dividend Discount
Gordon GGM¥4.08¥7.61¥10.8267
DDM Multi-Stage¥4.08¥6.82¥8.1067
Multiples
P/E Multiple¥19.17¥25.56¥31.9563
P/S Multiple¥19.17¥25.56¥31.9558
P/B Multiple¥28.08¥37.44¥46.8155
EV/EBIT¥22.26¥30.08¥37.9066
EV/EBITDA¥17.42¥23.62¥29.8267
EV/Revenue¥19.14¥27.85¥36.5653
Asset-Based
NCAV (Graham)¥6.35¥9.62¥12.0354
Economic Profit
Residual Income¥11.22¥12.66¥16.6276
ROIC Compounder¥27.15¥33.98¥42.5972
Growth Earnings
Growth-Adj P/E¥26.67¥38.10¥49.5367
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.7%
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.
+18.4%
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.
+23.5%
Start year 2020 (pandemic)
Revenue growth 6 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.
+22.9%
’19
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’21
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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.
+13.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)0.1%
Profit margin 2020 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.3% → 3%
Compare Jiangxi Jiangnan New Material 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.Copper · 71 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−73.8% · Bottom 25%
Profitability
Return on equity (12 months)14.9% · Above median
Return on assets4.9% · Above median
Net margin (12 months)2.2% · Below median
Operating margin (12 months)2.8% · Below median
Growth and dividend
Revenue growth (quarter YoY)41.9% · Above median
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Copper median · lower = cheaper
P/E (12 months)44.4× · Priciest 25%
P/B7.42× · Priciest 25%
P/S (12 months)1.12× · Cheaper than median
EV/EBITDA31.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)60· sector 33
HEALTH (low debt)98· sector 93
DIVIDEND (yield)1· sector 26
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). "Jiangxi Jiangnan New Material Fair Value". https://www.fairvalue-calculator.com/stock/603124
Frequently asked questions
Is Jiangxi Jiangnan New Material (603124) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of ¥21.73 versus a price of ¥82.98, about 74% lower (overvalued).
What is the fair value of 603124?
Our model-based fair value for Jiangxi Jiangnan New Material is ¥21.73 (as of Nov 12, 2026), built from audited fundamentals. The current price: ¥82.98.
What is the quality score of 603124?
Jiangxi Jiangnan New Material has a Quality Score of 31/100. 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 Jiangxi Jiangnan New Material (603124)?
Our model-based price target is the fair value of ¥21.73 (as of Nov 12, 2026) from 16 valuation models. Cautious scenario ¥16.29, optimistic scenario ¥27.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Jiangxi Jiangnan New Material stock forecast for 2026?
Our models put fair value at ¥21.73, about 74% lower versus a price of ¥82.98 (overvalued). Cautious scenario ¥16.29, optimistic scenario ¥27.16. The calculation is refreshed regularly with new filings.
What is the revenue of Jiangxi Jiangnan New Material (603124)?
Jiangxi Jiangnan New Material reported trailing-twelve-month revenue of about 12.3B CNY (latest available figure, as of Nov 12, 2026).
Does Jiangxi Jiangnan New Material pay a dividend?
Jiangxi Jiangnan New Material currently shows a dividend yield of 0.06% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Jiangxi Jiangnan New Material (603124) and when is the ex-dividend date?
Jiangxi Jiangnan New Material pays a dividend of ¥0.046 per share a year, a dividend yield of 0.1%. The last ex-dividend date was Jun 3, 2026. The payout ratio is 2.5% of earnings. Our assessment: Token dividend. At a yield of 0.1% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.1% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Jiangxi Jiangnan New Material (603124)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jiangxi Jiangnan New Material it is ¥21.73 per share (as of Nov 12, 2026), against a price of ¥82.98. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Jiangxi Jiangnan New Material stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 603124 trades above its calculated fair value: price ¥82.98, fair value ¥21.73, a gap of about −74% (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 603124?
No. The price is what the market pays today (¥82.98); the fair value is what the company's own numbers justify (¥21.73). For Jiangxi Jiangnan New Material the two are ¥61.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jiangxi Jiangnan New Material worth?
The market values Jiangxi Jiangnan New Material at about 13.7B CNY (market capitalisation, as of Nov 12, 2026). Per share that is ¥82.98; our models calculate a fair value of ¥21.73 per share.
What do the bullish and bearish scenarios say about 603124?
Our models span a range for Jiangxi Jiangnan New Material: cautious scenario ¥16.29, base ¥21.73, optimistic ¥27.16 per share (as of Nov 12, 2026, price ¥82.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603124?
Jiangxi Jiangnan New Material trades at a price-to-earnings ratio of 44.4 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥21.73 is built from several models across several years. Other multiples: P/B 7.4, P/S 1.1, EV/EBITDA 31.5.
How solid is the balance sheet of Jiangxi Jiangnan New Material (603124)?
Balance-sheet figures for Jiangxi Jiangnan New Material (as of Nov 12, 2026): return on equity 14.9%, debt of 0.04 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 603124 from its 52-week high?
Jiangxi Jiangnan New Material trades at ¥82.98, about 61% below its 52-week high of ¥211.31 and 22% above the low of ¥68.26 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of ¥21.73 is for.
Which stocks are comparable to Jiangxi Jiangnan New Material?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, 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 Jiangxi Jiangnan New Material stock attractive at the current price?
The data as of Nov 12, 2026: price ¥82.98, calculated fair value ¥21.73 (−74%), Quality Score 31/100, 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 603124 calculated?
We run Jiangxi Jiangnan New Material 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 ¥21.73 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 14.3% above its aggregate fair value. Jiangxi Jiangnan New Material 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 Jiangxi Jiangnan New Material (603124)?
The closing price on Nov 12, 2026 was ¥82.98. Our model-based fair value is ¥21.73, about 74% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jiangxi Jiangnan New Material right now?
The price sits above even our optimistic bull case (¥27.16). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Jiangxi Jiangnan New Material
How large is the market capitalisation of Jiangxi Jiangnan New Material (603124)?
The market capitalisation of Jiangxi Jiangnan New Material is 13.7B CNY (≈ $2.1B). 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 Jiangxi Jiangnan New Material (603124)?
The price-to-sales ratio of Jiangxi Jiangnan New Material is 1.12 (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 Jiangxi Jiangnan New Material (603124)?
Earnings per share at Jiangxi Jiangnan New Material are ¥1.87 (price ÷ EPS = P/E 44.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jiangxi Jiangnan New Material (603124)?
The dividend yield of Jiangxi Jiangnan New Material is 0.1% (payout 2.5%). 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 Jiangxi Jiangnan New Material (603124)?
The net margin of Jiangxi Jiangnan New Material is 2.2% (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 Jiangxi Jiangnan New Material (603124)?
The return on equity (ROE) of Jiangxi Jiangnan New Material is 14.9% (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 Jiangxi Jiangnan New Material (603124)?
On an EBIT basis the return on assets of Jiangxi Jiangnan New Material is 7.4% (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 Jiangxi Jiangnan New Material (603124)?
The operating margin of Jiangxi Jiangnan New Material is 2.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jiangxi Jiangnan New Material (603124)?
Revenue at Jiangxi Jiangnan New Material is growing +41.9% versus a year earlier (3y avg +18.4%). 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 Jiangxi Jiangnan New Material (603124)?
Earnings per share at Jiangxi Jiangnan New Material are growing +16.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Jiangxi Jiangnan New Material (603124) generate?
The free cash flow of Jiangxi Jiangnan New Material is −1.0B 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 Jiangxi Jiangnan New Material (603124) carry?
The net debt of Jiangxi Jiangnan New Material is 173M CNY (fiscal year 2024). 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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Nov 12, 2026