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STOCK COMPARISON

Shanghai Smith Adhesive New vs Linde: Fair Value & Quality

Both stocks run through our valuation models. Here is how Shanghai Smith Adhesive New (603683) and Linde (LIN) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Linde as the less overvalued of the two: Shanghai Smith Adhesive New trades at ¥16.19 versus a fair value of ¥4.43 (-73%), while Linde trades at $468 versus $442 (-6%).
Shanghai Smith Adhesive New
603683.SHG · CNY · Materials
-73%
upside to fair value
overvalued
Price¥16.19
Fair Value¥4.43
Quality33/100
Linde
LIN · USD · Materials
-6%
upside to fair value
fairly valued
Price$468
Fair Value$442
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Shanghai Smith Adhesive NewLinde
Valuation
47.6×P/E (TTM)30.3×
2.08×P/S (TTM)6.13×
2.85×P/B5.69× · book value is mostly goodwill
25.0×EV/EBITDA16.9×
n/aPEG1.80×
−72.6%Fair value upside−5.6%
0.6%Dividend yield1.3%
¥0.10Dividend per share$6.20
Profitability
4%Operating margin28%
n/aEBIT margin trend (5Y)1.84×
6%Return on equity18%
2%Return on assets7%
Growth
21%Revenue growth (YoY)9%
15.4%Avg. growth/yr (3Y)0.6%
15.9%Avg. growth/yr (5Y)4.5%
+16.2%Value creation/yr+24.2%
Balance & size
6.3×Interest coverage (EBIT/interest)42.1×
0.12×Debt / equity0.54×
$701MMarket cap$217B
mixedGrowth qualityhealthy

Linde leads: 4 to 9 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Shanghai Smith Adhesive Newof which business quality 38 · market factors 19 Lindeof which business quality 66 · market factors 52
ProfitabilityMargins and returns on capital today
32
51
Quality GrowthAre margins and returns improving?
49
51
CashflowEarnings quality: real cash, not paper profit
41
64
Fin. StrengthBalance sheet, leverage, solvency risk
65
69
InvestmentDisciplined investing over empire-building
24
70
Low VolatilityCalm price path (market factor)
59
87
MomentumPrice trend over the last 3–12 months (market factor)
0
35
52W MomentumDistance to the 52-week high (market factor)
6
42
Net IssuanceShare count: buybacks or dilution?
0
95

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyShanghai Smith Adhesive NewPrice ¥16.19LindePrice $468
DCF Models-67%below the price¥5.31-54%below the price$217
Earnings-Based-76%below the price¥3.90-72%below the price$132
Dividend Discount-87%below the price¥2.06-75%below the price$116
Multiples-66%below the price¥5.47-49%below the price$240
Asset-Based-77%below the price¥3.79-88%below the price$55.59
Growth DCF-72%below the price¥4.46-66%below the price$160
Economic Profit-76%below the price¥3.92-67%below the price$157
Growth Earnings-66%below the price¥5.43-56%below the price$205
Minimum-87%below the price¥2.06-88%below the price$55.59
Maximum-66%below the price¥5.47-49%below the price$240
Median-74%below the price¥4.19-66%below the price$158
Geometric mean-75%below the price¥4.12-68%below the price$148

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Shanghai Smith Adhesive New: 26 of 26 models see the stock below the current price.

Linde: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Shanghai Smith Adhesive New
Price ¥16.19
Fair Value ¥4.43
Bear ¥2.69Bull ¥5.54
Linde
Price $468
Fair Value $442
Bear $247Bull $739

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Shanghai Smith Adhesive New · Materials

Quality score33 · bottom 25%
Fair value upside-73% · bottom 25%

Linde · Materials

Quality score69 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Linde as the less overvalued of the two: Shanghai Smith Adhesive New trades at ¥16.19 versus a fair value of ¥4.43 (-73%), while Linde trades at $468 versus $442 (-6%).

Linde has the higher quality score (69/100).

Open Linde live analysis →
Shanghai Smith Adhesive New · Linde

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.