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Hangjin Technology Co (000818) Fair Value & Analysis

Basic Materials · CN · Market cap 8.5B CNY

HT Hangjin Technology Co 000818 · SHE
Price¥13.49
Fair Value¥8.78
Upside-34.9%
Quality54/100
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Mixed Growth
Loss-making · -3.8% net margin
Low debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 16/100
Evidence: Medium Range ¥7.74 – ¥9.72 Share as image

Fair value as of: Jul 21, 2026

From 14 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from ¥8.91 to ¥8.78 (−1.5%) since Jun 25, 2026. Share price −13.3% over the past month.

A solid business, but screening 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.72). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥42.96 ¥12.02 Fair Value ¥8.78 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥12.02 – ¥42.96 · fair‑value band ¥7.74 – ¥9.72 · the ¥13.49 price screens above the ¥8.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Hangjin Technology Co (000818) currently trades at ¥13.49, while our model-based Fair Value estimate is ¥8.78, implying the stock looks roughly 34.9% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Hangjin Technology Co generated revenue of 3.8B CNY at a net margin of -3.8%. Revenue declined 30.8% year over year. It earns a return on equity of -5.1%. Net debt stands at 640M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥7.74 (bear case) to ¥9.72 (bull case); at ¥13.49, 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 54% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -35%, 000818 screens cheaper 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
Growth DCF ¥12.78 ¥17.15 ¥22.85 80
Rev-Margin DCF ¥6.99 ¥8.87 ¥10.96 74
ROIC Compounder ¥3.60 ¥4.16 ¥4.78 72
All 14 models by family
DCF Models
FCF DCF ¥12.48 ¥17.20 ¥23.64 38
Owner Earnings ¥4.88 ¥6.49 ¥8.67 31
5Y Revenue Exit ¥6.99 ¥8.65 ¥10.57 39
5Y EBITDA Exit ¥9.35 ¥12.83 ¥16.65 41
10Y Revenue Exit ¥8.94 ¥10.80 ¥12.88 36
10Y EBITDA Exit ¥10.46 ¥13.56 ¥17.21 37
Earnings-Based
EPV ¥3.56 ¥3.97 ¥4.32 59
Multiples
EV/EBIT ¥4.29 ¥5.39 ¥6.50 53
EV/EBITDA ¥8.38 ¥10.85 ¥13.32 54
EV/Revenue ¥3.85 ¥5.08 ¥6.31 43
Asset-Based
NCAV (Graham) ¥1.62 ¥2.17 ¥3.24 50
Growth DCF
Growth DCF ¥12.78 ¥17.15 ¥22.85 80
Rev-Margin DCF ¥6.99 ¥8.87 ¥10.96 74
Economic Profit
ROIC Compounder ¥3.60 ¥4.16 ¥4.78 72

Widest divergence: DCF Models (¥10.80) versus Asset-Based (¥2.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.8B CNY
Revenue growth (YoY) -30.8%
Net margin -3.8%
Return on equity -5.1%
Free cash flow 750M CNY FY2025
Operating margin 0.9%
More key figures
EPS (TTM) ¥-0.2200
EPS growth (YoY) +100%
Net debt 640M CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 23

Profitability 12
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 94
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

Hangjin Technology Co., Ltd. manufactures and sells chlor-alkali chemical and electronic products in China and internationally.

Full company description

Hangjin Technology Co., Ltd. manufactures and sells chlor-alkali chemical and electronic products in China and internationally. The company offers chemical products, including caustic soda, propylene oxide, polyether, polyvinyl chloride, chlorinated benzene, and liquid chlorine for used by various industries, such as alumina, steel, chemical fiber, papermaking, chemicals, medicine, polyurethane, and construction industries. It also provides electronic products, such as electronic components, thick film integrated circuits, and radio frequency chip; and controllers, processors, memory, bus interfaces, high-speed AD/DA, analog switches, and operational amplifiers used in aviation, aerospace, electronics, and shipbuilding industries. In addition, the company offers optical network solutions; computing power services, architecture, and implementation solutions; various solutions for data centers, high-performance computing, edge computing, and artificial intelligence, including switches, AOCs/DACs/optical modules, smart network cards, DPUs, and GPUs. Further, it is involved in the provision of storage and transportation, investment consulting, internet, software development, and technical promotion services; import and export; wholesale and retail trade; investment and asset management activities; and military research, development, and production. The company was formerly known as Fangda Jinhua Chemical Technology Co.,Ltd and changed its name to Hangjin Technology Co., Ltd. in April 2018. The company was founded in 1939 and is based in Wuhan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangjin Technology Co reported revenue of ¥4.1B in FY2025 versus ¥4.9B in FY2021, a compound −4.0%/yr. Reported net income was −¥153M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
4.1B CNY
Latest YoY
−1.2%
Avg. growth/yr (3Y)
−1.3%
Avg. growth/yr (5Y)
+3.1%
Avg. growth/yr (31Y)
+7.0%
Revenue −4.0%/yr
FY21 ¥4.9B
FY22 ¥4.3B
FY23 ¥3.7B
FY24 ¥4.2B
FY25 ¥4.1B
Net income
FY21 ¥732M
FY22 ¥230M
FY23 ¥128M
FY24 −¥979M
FY25 −¥153M

000818 screens 35% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Hangjin Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/000818

Peer Group

Chemicals · 334 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 54 · Above median
Fair Value upside −35% · Below median
Return on assets -0% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -31% · Bottom 25%
Debt / equity 0.16× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 0.59× · Cheaper than 75% of peers
P/S (TTM) 0.33× · Cheaper than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 1.4× · 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 0
FUTURE 0 · sector 20
PAST 0 · sector 19
HEALTH 92 · sector 94
DIVIDEND 0 · sector 27

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 Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Hangjin Technology Co (000818) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥8.78 versus a price of ¥13.49, about −35% (overvalued).
What is the fair value of 000818?
Our model-based fair value for Hangjin Technology Co is ¥8.78 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥13.49.
What is the quality score of 000818?
Hangjin Technology Co has a Quality Score of 54/100. 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 Hangjin Technology Co (000818)?
Hangjin Technology Co reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000818?
The net profit margin of Hangjin Technology Co is about -3.8%, 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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