DeHua TB New Decoration Material Co (002043) Fair Value & Analysis
Basic Materials · CN · Market cap 10.2B CNY
Fair value as of: Jul 21, 2026
From 26 valuation models · updated 20 days ago
Share price +5.3% over the past month.
A solid business, screening 19% undervalued on our models.
What matters now
- Our model range runs from ¥11.09 (bear) to ¥19.58 (bull), base ¥14.78. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 63/100 (solid quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
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 ¥6.02 – ¥17.11 · fair‑value band ¥11.09 – ¥19.58 · the ¥12.38 price screens below the ¥14.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
DeHua TB New Decoration Material Co (002043) currently trades at ¥12.38, while our model-based Fair Value estimate is ¥14.78, implying the stock looks roughly 19.4% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.
Over the trailing twelve months, DeHua TB New Decoration Material Co generated revenue of 9.3B CNY at a net margin of 8.1%. Revenue grew 32.7% year over year. It earns a return on equity of 22.2%. The balance sheet holds a net cash position of 2.2B CNY. Fundamentals as of Jul 21, 2026
Our scenario range runs from ¥11.09 (bear case) to ¥19.58 (bull case); at ¥12.38, the current price sits within 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 30% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -48% fair-value upside, at 19%, 002043 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.
All 26 models by family
Widest divergence: Growth DCF (¥21.46) versus Asset-Based (¥2.68). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 53
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
DeHua TB New Decoration Material Co.,Ltd produces and sells environmentally friendly furniture panels in China and internationally. It offers veneers, particleboard products; wood flooring; and engineered wood products.
Full company description
DeHua TB New Decoration Material Co.,Ltd produces and sells environmentally friendly furniture panels in China and internationally. It offers veneers, particleboard products; wood flooring; and engineered wood products. The company offers decorative panels, technical wood, flooring, adhesives, logs, wooden doors, cabinets, wardrobes and other integrated furniture, furniture panels, basic panels and other main materials and gypsum boards, technical veneers, decorative paper, edge banding, hardware and adhesives and other supporting auxiliary material. DeHua TB New Decoration Material Co.,Ltd was founded in 1992 and is based in Deqing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
DeHua TB New Decoration Material Co reported revenue of ¥8.9B in FY2025 versus ¥9.4B in FY2021, a compound −1.5%/yr. Reported net income was ¥722M in FY2025, compounding +0.3%/yr from FY2021.
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Peer Group
Lumber & Wood Production · 76 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.
Valuation Multiples vs Lumber & Wood Production median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simpson Manufacturing Co SSD | $188.80 | $147.92 | -22% |
| West Fraser Timber Co WFG | C$98.54 | C$51.55 | -48% |
| UFP Industries, Inc UFPI | $85.93 | $108.78 | +27% |
| Stella-Jones Inc SJ | C$78.93 | C$96.01 | +22% |
| Boise Cascade Company BCC | $76.06 | $51.92 | -32% |
| Century Plyboards (India) Limited CENTURYPLY | ₹799.50 | ₹201.01 | -75% |
| Canfor Corporation CFP | C$14.17 | C$4.54 | -68% |
| Interfor Corporation IFP | C$13.45 | C$6.43 | -52% |
| Kangxin New Materials Co 600076 | ¥3.05 | ¥0.6700 | -78% |
| Yunnan Jinggu Forestry Co 600265 | ¥21.99 | ¥2.52 | -89% |
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Frequently asked questions
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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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