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Jiangsu Shagang Co (002075) Fair Value & Analysis

Basic Materials · CN · Market cap 8.5B CNY

JS Jiangsu Shagang Co 002075 · SHE
Price¥3.96
Fair Value¥2.27
Upside-42.7%
Quality55/100
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Weak Growth
Thin margins · 2.0% net margin
Low debt · generates free cash flow
1.31% dividend yield
Trails peers (4/14)
Narrow moat 24/100
Evidence: Medium Range ¥2.27 – ¥2.59 Share as image

Fair value as of: Jul 22, 2026

From 24 valuation models · updated 19 days ago

Share price +18.6% over the past month.

A solid business, but screening 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥2.59). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥2.27 to ¥2.59), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥11.56 ¥2.84 Fair Value ¥2.27 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥2.84 – ¥11.56 · fair‑value band ¥2.27 – ¥2.59 · the ¥3.96 price screens above the ¥2.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Jiangsu Shagang Co (002075) currently trades at ¥3.96, while our model-based Fair Value estimate is ¥2.27, implying the stock looks roughly 42.7% overvalued today. The Quality Score stands at 55/100 (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, Jiangsu Shagang Co generated revenue of 12.8B CNY at a net margin of 2.0%. Revenue declined 8.4% year over year. It earns a return on equity of 4.4%. Net debt stands at 1.9B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥2.27 (bear case) to ¥2.59 (bull case); at ¥3.96, 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 45% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -43%, 002075 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 ¥9.31 ¥15.35 ¥25.08 80
Residual Income ¥2.20 ¥2.17 ¥1.92 76
Rev-Margin DCF ¥6.40 ¥8.68 ¥13.50 74
All 24 models by family
DCF Models
FCF DCF ¥9.74 ¥13.58 ¥25.56 38
Owner Earnings ¥6.77 ¥11.82 ¥22.02 31
5Y Revenue Exit ¥6.09 ¥7.91 ¥11.66 39
5Y EBITDA Exit ¥7.76 ¥11.29 ¥18.20 41
5Y P/E Exit ¥5.80 ¥8.35 ¥11.58 38
10Y Revenue Exit ¥7.16 ¥10.94 ¥12.83 36
10Y EBITDA Exit ¥8.43 ¥14.46 ¥24.61 37
10Y P/E Exit ¥7.04 ¥10.34 ¥15.23 35
Earnings-Based
Graham-Dodd ¥0.8300 ¥5.78 ¥8.11 54
Lynch FV ¥2.99 ¥4.27 ¥5.55 50
PEG = 1.0 ¥2.99 ¥4.27 ¥5.55 46
EPV ¥4.20 ¥4.45 ¥4.67 59
Multiples
P/E Multiple ¥1.55 ¥2.07 ¥2.59 63
P/S Multiple ¥1.55 ¥2.07 ¥2.59 58
P/B Multiple ¥1.55 ¥2.07 ¥2.59 55
EV/EBIT ¥4.71 ¥5.40 ¥6.10 53
EV/EBITDA ¥6.82 ¥8.23 ¥9.63 54
EV/Revenue ¥4.43 ¥5.20 ¥5.98 43
Asset-Based
NCAV (Graham) ¥1.50 ¥2.01 ¥2.99 50
Growth DCF
Growth DCF ¥9.31 ¥15.35 ¥25.08 80
Rev-Margin DCF ¥6.40 ¥8.68 ¥13.50 74
Economic Profit
Residual Income ¥2.20 ¥2.17 ¥1.92 76
ROIC Compounder ¥4.61 ¥5.54 ¥6.71 72
Growth Earnings
Growth-Adj P/E ¥3.67 ¥5.25 ¥6.82 68

Widest divergence: DCF Models (¥10.94) versus Asset-Based (¥2.01). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 12.8B CNY
Revenue growth (YoY) -8.4%
Net margin 2.0%
Return on equity 4.4%
Free cash flow 982M CNY FY2025
P/E ratio 35.3
More key figures
Operating margin 1.3%
EPS (TTM) ¥0.1100
Dividend yield 1.3%
EPS growth (YoY) -25.2%
Net debt 1.9B CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 54 · Market factors (momentum, volatility) 29

Profitability 24
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Jiangsu Shagang Co., Ltd. engages in the development, smelting, processing, and sale of ferrous metals in China and internationally.

Full company description

Jiangsu Shagang Co., Ltd. engages in the development, smelting, processing, and sale of ferrous metals in China and internationally. It offers steel products, including automotive, engineering machinery, energy, machinery industry, rail transit, mining, and ship anchor chain steel products; casting round billets; gear products, such as automobile engine, gearbox, rear axle, spiral bevel, commercial vehicle, and new energy vehicle gears; and hot-rolled round and flat steel products. The company also provides heavy and thick plates, hot-rolled plates, cold-rolled plates, ultra-thin strips, high-speed wire rods, large coiled wire rods, and ribbed rebars under the Shagang brand. Its products are used in aerospace, marine engineering, high-rise buildings, bridges, pipelines, petrochemicals, automotive, home appliances, and food packaging industries. In addition, the company is involved in steel trading; sale of gasoline, diesel, and lubricant; development and sale of real estate; pellet processing; processing and recycling of renewable resources; asset management and investment management activities; and the production and sale of ground slag powder and slag cement, as well as bearings and transmission components. Further, it provides installation, construction, and decoration services, as well as hotel services. Additionally, the company exports its products to 90 countries and regions in Southeast Asia, Europe, North America, South America, Oceania, and Africa. The company was formerly known as Jiangsu Huaigang Group Co. Ltd. Jiangsu Shagang Co., Ltd. was founded in 1970 and is headquartered in Zhangjiagang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Shagang Co reported revenue of ¥13.1B in FY2025 versus ¥18.5B in FY2021, a compound −8.2%/yr. Reported net income was ¥267M in FY2025, compounding −30.0%/yr from FY2021.

Growth Quality 33/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.1B CNY
Latest YoY
−9.0%
Avg. growth/yr (3Y)
−10.3%
Avg. growth/yr (5Y)
−1.9%
Avg. growth/yr (22Y)
+13.1%
Revenue −8.2%/yr
FY21 ¥18.5B
FY22 ¥18.2B
FY23 ¥15.6B
FY24 ¥14.4B
FY25 ¥13.1B
Net income −30.0%/yr
FY21 ¥1.1B
FY22 ¥453M
FY23 ¥225M
FY24 ¥163M
FY25 ¥267M

002075 screens 43% overvalued. Compare with Tata Steel Limited →

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Cite: Fair Value Calculator (2026). "Jiangsu Shagang Co Fair Value". https://www.fairvalue-calculator.com/stock/002075

Peer Group

Steel · 378 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 −43% · Below median
Return on equity (TTM) 4% · Above median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -8% · Below median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 35.3× · Pricier than 75% of peers
P/B 1.30× · Pricier than median
P/S (TTM) 0.66× · Pricier than median
P/FCF 1.3× · Pricier than median
EV/EBITDA 2.4× · 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 20
FUTURE 0 · sector 4
PAST 17 · sector 15
HEALTH 98 · sector 95
DIVIDEND 26 · sector 41

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 Steel stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Jiangsu Shagang Co (002075) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥2.27 versus a price of ¥3.96, about −43% (overvalued).
What is the fair value of 002075?
Our model-based fair value for Jiangsu Shagang Co is ¥2.27 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.96.
What is the quality score of 002075?
Jiangsu Shagang Co has a Quality Score of 55/100. 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 Jiangsu Shagang Co (002075)?
Jiangsu Shagang Co reported trailing-twelve-month revenue of about 12.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002075?
The net profit margin of Jiangsu Shagang Co is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Shagang Co pay a dividend?
Jiangsu Shagang Co currently shows a dividend yield of about 1.31% relative to its recent price (as of Jul 22, 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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