Zhejiang Yonghe Refrigerant Co Ltd (605020) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zhejiang Yonghe Refrigerant Co Ltd stock ¥15.89, price ¥28.31, that is 43.9% below the price, quality 43 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 7, 2026.
How to read this chart
60‑month range ¥6.71 – ¥48.01 · fair‑value band ¥11.92 – ¥19.86 · the ¥28.31 price screens above the ¥15.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Zhejiang Yonghe Refrigerant Co., Ltd., together with its subsidiaries, engages in research and development, production, and sale of fluorinechemical products.
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It offers fluorocarbon chemicals; mixed refrigerants; fluorinated polymer materials and their monomers; fluorinated fine chemicals; fluorite concentrate; fluorite lump ore and chemical raw materials, such as hydrofluoric acid, chloromethane, methane chloride, and calcium chloride.
The company also engages in transportation and trading businesses. Zhejiang Yonghe Refrigerant Co., Ltd. was founded in 1998 and is based in Quzhou, China.
Stock analysis
Zhejiang Yonghe Refrigerant Co Ltd (605020) currently trades at ¥28.31, while our model-based Fair Value estimate is ¥15.89, 44% 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 ¥22.88 per share, and 2 of the 16 models we run sit above the ¥28.31 price.
Bear case: the Dividend Discount group reads lowest at ¥4.88, and 14 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥11.92 (bear) to ¥19.86 (bull), the price of ¥28.31 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 43/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhejiang Yonghe Refrigerant Co Ltd reported revenue of 5.2B CNY in FY2025 versus 3.0B CNY in FY2021, a compound +14.9%/yr. Reported net income was 562M CNY in FY2025, compounding +19.2%/yr from FY2021.
Key figures
Market cap 14.5B CNY (≈ $2.2B) Mid · P/E ratio 16.6 · P/S ratio 2.30 · EPS (TTM) ¥1.71 · Dividend yield 1.6% · Net margin 14.5% · Return on equity 15.4% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 60 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −44%, 605020 screens richer than that median.
Fair Value models
Bear¥11.92Fair Value ¥15.89Bull¥19.86
Price ¥28.31 · Downside -43.9%
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 (¥1.08 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¥9.68¥10.66¥13.2276
EPV¥12.29¥14.30¥16.0374
ROIC Compounder¥12.97¥18.30¥23.3372
All 16 models by family
Earnings-Based
Graham-Dodd¥7.48¥42.01¥58.3663
Lynch FV¥11.77¥16.81¥21.8561
PEG = 1.0¥11.77¥16.81¥21.8557
EPV¥12.29¥14.30¥16.0374
Dividend Discount
Gordon GGM¥2.62¥5.23¥7.9267
DDM Multi-Stage¥2.62¥4.52¥5.5267
Multiples
P/E Multiple¥14.02¥18.69¥23.3663
P/S Multiple¥11.47¥15.29¥19.1158
P/B Multiple¥22.10¥29.46¥36.8355
EV/EBIT¥15.38¥20.80¥26.2266
EV/EBITDA¥16.81¥22.71¥28.6167
EV/Revenue¥9.81¥14.40¥18.9853
Asset-Based
NCAV (Graham)¥4.91¥6.58¥9.8254
Economic Profit
Residual Income¥9.68¥10.66¥13.2276
ROIC Compounder¥12.97¥18.30¥23.3372
Growth Earnings
Growth-Adj P/E¥16.01¥22.88¥29.7467
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
+13.0%
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.
+11.0%
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.
+21.7%
Start year 2020 (pandemic)
Revenue growth 8 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.
+16.6%
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+12.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+11.2%
Dividend (yield on the price)1.6%
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.7% → 15%
2025 sits 64% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Zhejiang Yonghe Refrigerant Co Ltd with another stock
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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 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score43 · Below median
Fair Value upside−43.9% · Below median
Profitability
Return on equity (12 months)15.4% · Top 25%
Return on assets7.1% · Top 25%
Net margin (12 months)14.5% · Top 25%
Operating margin (12 months)21.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)28.8% · Top 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)16.6× · Cheaper than median
P/B2.52× · Priciest 25%
P/S (12 months)2.30× · Pricier than median
EV/EBITDA8.7× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)100· sector 67
PAST (return on equity)62· sector 24
HEALTH (low debt)96· sector 94
DIVIDEND (yield)32· sector 32
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). "Zhejiang Yonghe Refrigerant Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/605020
Frequently asked questions
Is Zhejiang Yonghe Refrigerant Co Ltd (605020) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥15.89 versus a price of ¥28.31, about 44% lower (overvalued).
What is the fair value of 605020?
Our model-based fair value for Zhejiang Yonghe Refrigerant Co Ltd is ¥15.89 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥28.31.
What is the quality score of 605020?
Zhejiang Yonghe Refrigerant Co Ltd has a Quality Score of 43/100. 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Our model-based price target is the fair value of ¥15.89 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario ¥11.92, optimistic scenario ¥19.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Yonghe Refrigerant Co Ltd stock forecast for 2026?
Our models put fair value at ¥15.89, about 44% lower versus a price of ¥28.31 (overvalued). Cautious scenario ¥11.92, optimistic scenario ¥19.86. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Zhejiang Yonghe Refrigerant Co Ltd reported trailing-twelve-month revenue of about 6.3B CNY (latest available figure, as of Nov 7, 2026).
Does Zhejiang Yonghe Refrigerant Co Ltd pay a dividend?
Zhejiang Yonghe Refrigerant Co Ltd currently shows a dividend yield of 1.59% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Zhejiang Yonghe Refrigerant Co Ltd (605020) and when is the ex-dividend date?
Zhejiang Yonghe Refrigerant Co Ltd pays a dividend of ¥0.45 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Sep 23, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 26.3% 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Yonghe Refrigerant Co Ltd it is ¥15.89 per share (as of Nov 7, 2026), against a price of ¥28.31. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Zhejiang Yonghe Refrigerant Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 605020 trades above its calculated fair value: price ¥28.31, fair value ¥15.89, a gap of about −44% (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 605020?
No. The price is what the market pays today (¥28.31); the fair value is what the company's own numbers justify (¥15.89). For Zhejiang Yonghe Refrigerant Co Ltd the two are ¥12.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Yonghe Refrigerant Co Ltd worth?
The market values Zhejiang Yonghe Refrigerant Co Ltd at about 14.5B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥28.31; our models calculate a fair value of ¥15.89 per share.
What do the bullish and bearish scenarios say about 605020?
Our models span a range for Zhejiang Yonghe Refrigerant Co Ltd: cautious scenario ¥11.92, base ¥15.89, optimistic ¥19.86 per share (as of Nov 7, 2026, price ¥28.31). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 605020?
Zhejiang Yonghe Refrigerant Co Ltd trades at a price-to-earnings ratio of 16.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥15.89 is built from several models across several years. Other multiples: P/B 2.5, P/S 2.3, EV/EBITDA 8.7.
How solid is the balance sheet of Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Balance-sheet figures for Zhejiang Yonghe Refrigerant Co Ltd (as of Nov 7, 2026): return on equity 15.4%, debt of 0.08 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 605020 from its 52-week high?
Zhejiang Yonghe Refrigerant Co Ltd trades at ¥28.31, about 41% below its 52-week high of ¥48.01 and 24% above the low of ¥22.88 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥15.89 is for.
Which stocks are comparable to Zhejiang Yonghe Refrigerant 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 Zhejiang Yonghe Refrigerant Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥28.31, calculated fair value ¥15.89 (−44%), Quality Score 43/100, 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 605020 calculated?
We run Zhejiang Yonghe Refrigerant Co Ltd 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 ¥15.89 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 13.3% above its aggregate fair value. Zhejiang Yonghe Refrigerant 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The closing price on Nov 6, 2026 was ¥28.31. Our model-based fair value is ¥15.89, about 44% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Yonghe Refrigerant Co Ltd right now?
The price sits above even our optimistic bull case (¥19.86). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Zhejiang Yonghe Refrigerant Co Ltd
How large is the market capitalisation of Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The market capitalisation of Zhejiang Yonghe Refrigerant Co Ltd is 14.5B CNY (≈ $2.2B). 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The price-to-sales ratio of Zhejiang Yonghe Refrigerant Co Ltd is 2.30 (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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Earnings per share at Zhejiang Yonghe Refrigerant Co Ltd are ¥1.71 (price ÷ EPS = P/E 16.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The dividend yield of Zhejiang Yonghe Refrigerant Co Ltd is 1.6% (payout 26.3%). 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The net margin of Zhejiang Yonghe Refrigerant Co Ltd is 14.5% (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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The return on equity (ROE) of Zhejiang Yonghe Refrigerant Co Ltd is 15.4% (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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
On an EBIT basis the return on assets of Zhejiang Yonghe Refrigerant Co Ltd is 6.8% (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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
The operating margin of Zhejiang Yonghe Refrigerant Co Ltd is 21.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Revenue at Zhejiang Yonghe Refrigerant Co Ltd is growing +28.8% versus a year earlier (3y avg +11.0%). 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 Zhejiang Yonghe Refrigerant Co Ltd (605020)?
Earnings per share at Zhejiang Yonghe Refrigerant Co Ltd are growing +43.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhejiang Yonghe Refrigerant Co Ltd (605020) generate?
The free cash flow of Zhejiang Yonghe Refrigerant Co Ltd is −6.2M 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 Zhejiang Yonghe Refrigerant Co Ltd (605020) carry?
The net debt of Zhejiang Yonghe Refrigerant Co Ltd is 454M 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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Nov 7, 2026