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Asia-potash International Investment (Guangzhou)Co.,Ltd., (000893) Fair Value & Analysis

Basic Materials · CN · Market cap 44.9B CNY

AP Asia-potash International Investment (Guangzhou)Co.,Ltd., 000893 · SHE
Price¥48.23
Fair Value¥38.01
Upside-21.2%
Quality59/100
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Expensive Growth
Highly profitable · 32.5% net margin
Low debt · generates free cash flow
0.23% dividend yield
Mixed vs. peers (6/15)
Wide moat 76/100
Evidence: High Range ¥22.74 – ¥48.13 Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price +13.3% over the past month.

A solid business, but screening 21% overvalued on our models.

What matters now

  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥22.74 to ¥48.13) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥69.03 ¥8.92 Fair Value ¥38.01 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 ¥8.92 – ¥69.03 · fair‑value band ¥22.74 – ¥48.13 · the ¥48.23 price screens above the ¥38.01 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

Asia-potash International Investment (Guangzhou)Co.,Ltd., (000893) currently trades at ¥48.23, while our model-based Fair Value estimate is ¥38.01, implying the stock looks roughly 21.2% overvalued today. The Quality Score stands at 59/100 (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: high).

Over the trailing twelve months, Asia-potash International Investment (Guangzhou)Co.,Ltd., generated revenue of 5.6B CNY at a net margin of 32.5%. Revenue grew 22.7% year over year. It earns a return on equity of 14.0%. Net debt stands at 760M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥22.74 (bear case) to ¥48.13 (bull case); at ¥48.23, 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 32% below its 52-week high and 64% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -15% fair-value upside, at -21%, 000893 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
Growth DCF ¥6.28 ¥12.18 ¥24.00 80
Residual Income ¥13.58 ¥16.45 ¥36.65 76
Rev-Margin DCF ¥6.20 ¥13.29 ¥24.27 74
All 24 models by family
DCF Models
FCF DCF ¥6.69 ¥10.91 ¥24.11 38
Owner Earnings ¥8.29 ¥19.46 ¥42.89 31
5Y Revenue Exit ¥6.20 ¥11.77 ¥23.01 39
5Y EBITDA Exit ¥24.24 ¥49.59 ¥97.77 41
5Y P/E Exit ¥22.24 ¥53.34 ¥95.22 38
10Y Revenue Exit ¥6.08 ¥13.93 ¥21.22 36
10Y EBITDA Exit ¥19.26 ¥50.25 ¥111.62 37
10Y P/E Exit ¥17.83 ¥46.23 ¥98.85 35
Earnings-Based
Graham-Dodd ¥12.31 ¥85.84 ¥120.46 54
Lynch FV ¥28.42 ¥40.60 ¥52.78 50
PEG = 1.0 ¥28.42 ¥40.60 ¥52.78 46
EPV ¥20.26 ¥23.71 ¥26.73 59
Multiples
P/E Multiple ¥28.51 ¥38.01 ¥47.51 63
P/S Multiple ¥6.92 ¥9.22 ¥11.53 58
P/B Multiple ¥23.08 ¥30.77 ¥38.46 55
EV/EBIT ¥30.36 ¥40.63 ¥50.90 53
EV/EBITDA ¥30.79 ¥41.20 ¥51.62 54
EV/Revenue ¥5.59 ¥8.18 ¥10.78 43
Asset-Based
NCAV (Graham) ¥7.23 ¥9.69 ¥14.46 50
Growth DCF
Growth DCF ¥6.28 ¥12.18 ¥24.00 80
Rev-Margin DCF ¥6.20 ¥13.29 ¥24.27 74
Economic Profit
Residual Income ¥13.58 ¥16.45 ¥36.65 76
ROIC Compounder ¥24.94 ¥37.33 ¥46.36 72
Growth Earnings
Growth-Adj P/E ¥37.58 ¥53.69 ¥69.80 68

Widest divergence: Growth Earnings (¥53.69) versus Asset-Based (¥9.69). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.6B CNY
Revenue growth (YoY) +22.7%
Net margin 32.5%
Return on equity 14.0%
Free cash flow 397M CNY FY2025
P/E ratio 24.4
More key figures
Operating margin 42.2%
EPS (TTM) ¥1.99
Dividend yield 0.2%
EPS growth (YoY) +38.5%
Net debt 760M CNY FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 60

Profitability 49
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 58
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

Asia-potash International Investment (Guangzhou)Co.,Ltd., together with its subsidiaries, engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally. It is also involved in the potash mining; overseas dry bulk carrier and logistic activities; entrepot trade businesses; and the provision of logistic services.

Full company description

Asia-potash International Investment (Guangzhou)Co.,Ltd., together with its subsidiaries, engages in the processing, production, sale, and marketing of potash fertilizers in China and internationally. It is also involved in the potash mining; overseas dry bulk carrier and logistic activities; entrepot trade businesses; and the provision of logistic services. The company was formerly known as Donlinks International Investment Co., Ltd. and changed its name to Asia-Potash International Investment (Guangzhou)Co.,Ltd. in September 2020. Asia-potash International Investment (Guangzhou)Co.,Ltd. was founded in 1998 and is based in Guangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Asia-potash International Investment (Guangzhou)Co.,Ltd., reported revenue of ¥5.3B in FY2025 versus ¥839M in FY2021, a compound +58.7%/yr. Reported net income was ¥1.7B in FY2025, compounding +16.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.3B CNY
Latest YoY
+50.1%
Avg. growth/yr (3Y)
+15.4%
Avg. growth/yr (5Y)
+71.1%
Avg. growth/yr (30Y)
+8.8%
Revenue +58.7%/yr
FY21 ¥839M
FY22 ¥3.5B
FY23 ¥3.9B
FY24 ¥3.5B
FY25 ¥5.3B
Net income +16.8%/yr
FY21 ¥899M
FY22 ¥2.0B
FY23 ¥1.2B
FY24 ¥950M
FY25 ¥1.7B

000893 screens 21% overvalued. Compare with Corteva, Inc →

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Cite: Fair Value Calculator (2026). "Asia-potash International Investment (Guangzhou)Co.,Ltd., Fair Value". https://www.fairvalue-calculator.com/stock/000893

Peer Group

Agricultural Inputs · 179 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 59 · Above median
Fair Value upside −21% · Below median
Return on equity (TTM) 14% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 33% · Top 25%
Operating margin (TTM) 42% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Agricultural Inputs median · lower = cheaper

P/E (TTM) 24.4× · Pricier than median
P/B 3.36× · Pricier than 75% of peers
P/S (TTM) 8.01× · Pricier than 75% of peers
P/FCF 16.8× · Pricier than 75% of peers
EV/EBITDA 14.4× · Pricier than 75% of peers
PEG 2.08× · Pricier than median

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 5 · sector 22
FUTURE 100 · sector 37
PAST 56 · sector 24
HEALTH 94 · sector 97
DIVIDEND 5 · sector 33

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

Stock Price Fair Value vs Fair Value
Corteva, Inc CTVA $86.07 $27.81 -68%
Nutrien Ltd NTR C$94.23 C$81.69 -13%
Qinghai Salt Lake Industry Co 000792 ¥24.93 ¥21.26 -15%
CF Industries Holdings CF $119.19 $161.00 +35%
SABIC Agri-Nutrients Company 2020 122.90 SAR 127.31 SAR +4%
Yara International ASA YAR kr 451.30 kr 67.25 -85%
Yunnan Yuntianhua Co 600096 ¥30.17 ¥42.12 +40%
Coromandel International Limited COROMANDEL ₹2,034 ₹1,129 -44%
UPL Limited UPL ₹594.75 ₹387.06 -35%
PI Industries Limited PIIND ₹2,624 ₹1,345 -49%

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Frequently asked questions

Is Asia-potash International Investment (Guangzhou)Co.,Ltd., (000893) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥38.01 versus a price of ¥48.23, about −21% (overvalued).
What is the fair value of 000893?
Our model-based fair value for Asia-potash International Investment (Guangzhou)Co.,Ltd., is ¥38.01 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥48.23.
What is the quality score of 000893?
Asia-potash International Investment (Guangzhou)Co.,Ltd., has a Quality Score of 59/100. 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 Asia-potash International Investment (Guangzhou)Co.,Ltd., (000893)?
Asia-potash International Investment (Guangzhou)Co.,Ltd., reported trailing-twelve-month revenue of about 5.6B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000893?
The net profit margin of Asia-potash International Investment (Guangzhou)Co.,Ltd., is about 32.5%, meaning it keeps roughly 32.5% of revenue as net income. Based on the latest reported figures.
Does Asia-potash International Investment (Guangzhou)Co.,Ltd., pay a dividend?
Asia-potash International Investment (Guangzhou)Co.,Ltd., currently shows a dividend yield of about 0.23% relative to its recent price (as of Jul 21, 2026).

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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