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Jinyuan EP Co (000546) Fair Value & Analysis

Industrials · CN · Market cap 4.2B CNY

JE Jinyuan EP Co 000546 · SHE
Price¥4.71
Fair Value¥0.9700
Upside-79.4%
Quality57/100
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Weak Growth
Loss-making · -2.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 11/100
Evidence: Low Range ¥0.7600 – ¥1.18 Share as image

Fair value as of: Jul 24, 2026

From 2 valuation models · updated 17 days ago

Share price −2.3% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.18). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥21.20 ¥3.86 Fair Value ¥0.9700 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥3.86 – ¥21.20 · fair‑value band ¥0.7600 – ¥1.18 · the ¥4.71 price screens above the ¥0.9700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

Full chart & analysis →

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Analysis

Jinyuan EP Co (000546) currently trades at ¥4.71, while our model-based Fair Value estimate is ¥0.9700, implying the stock looks roughly 79.4% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Jinyuan EP Co generated revenue of 11.3B CNY at a net margin of -2.9%. Revenue grew 108.6% year over year. It earns a return on equity of -8.6%. The balance sheet holds a net cash position of 94.3M CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥0.7600 (bear case) to ¥1.18 (bull case); at ¥4.71, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at -79%, 000546 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
EV/EBITDA ¥0.9700 ¥2.24 54
NCAV (Graham) ¥15.22 ¥20.37 ¥30.37 50
All 2 models by family
Multiples
EV/EBITDA ¥0.9700 ¥2.24 54
Asset-Based
NCAV (Graham) ¥15.22 ¥20.37 ¥30.37 50

Widest divergence: Asset-Based (¥20.37) versus Multiples (¥0.9700). Highest evidence: EV/EBITDA (54).

Key figures & financial health

Revenue (TTM) 11.3B CNY
Revenue growth (YoY) +109%
Net margin -2.9%
Return on equity -8.6%
Free cash flow −116M CNY FY2025
Operating margin -1.8%
More key figures
EPS (TTM) ¥-0.4200
EPS growth (YoY) -29.7%
Net cash 94.3M CNY FY2024

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 29

Profitability 21
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Jinyuan EP Co., Ltd. engages in the environmental protection and new energy material businesses in China. The company hazardous solid waste harmless disposal services and resource utilization services for waste-producing enterprises.

Full company description

Jinyuan EP Co., Ltd. engages in the environmental protection and new energy material businesses in China. The company hazardous solid waste harmless disposal services and resource utilization services for waste-producing enterprises. It is also involved in the mining and refining upstream salt lake brine lithium ore to produce lithium compounds, including refined lithium carbonate and industrial lithium ion batteries. The company was formerly known as Jinyuan Cement Co., Ltd. and changed its name to Jinyuan EP Co., Ltd. in May 2018. Jinyuan EP Co., Ltd. was founded in 1992 and is based in Hangzhou, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jinyuan EP Co reported revenue of ¥9.4B in FY2025 versus ¥8.8B in FY2021, a compound +1.6%/yr. Reported net income was −¥252M in FY2025.

Growth Quality 7/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.4B CNY
Latest YoY
+40.0%
Avg. growth/yr (3Y)
+18.9%
Avg. growth/yr (5Y)
+1.7%
Avg. growth/yr (34Y)
+17.2%
Revenue +1.6%/yr
FY21 ¥8.8B
FY22 ¥5.6B
FY23 ¥2.8B
FY24 ¥6.7B
FY25 ¥9.4B
Net income
FY21 ¥83.5M
FY22 −¥211M
FY23 −¥678M
FY24 ¥39.7M
FY25 −¥252M

000546 screens 79% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Jinyuan EP Co Fair Value". https://www.fairvalue-calculator.com/stock/000546

Peer Group

Engineering & Construction · 837 stocks

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.

Quality Score 55 · Above median
Fair Value upside −79% · Bottom 25%
Return on assets -4% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 109% · Top 25%
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.16× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 100 · sector 18
PAST 0 · sector 26
HEALTH 91 · sector 94
DIVIDEND 0 · sector 33

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Jinyuan EP Co (000546) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥0.9700 versus a price of ¥4.71, about −79% (overvalued).
What is the fair value of 000546?
Our model-based fair value for Jinyuan EP Co is ¥0.9700 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥4.71.
What is the quality score of 000546?
Jinyuan EP Co has a Quality Score of 57/100. 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 revenue of Jinyuan EP Co (000546)?
Jinyuan EP Co reported trailing-twelve-month revenue of about 11.3B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 000546?
The net profit margin of Jinyuan EP Co is about -2.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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