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Qingdao Kingking Applied Chemistry Co (002094) Fair Value & Analysis

Consumer Defensive · CN · Market cap 3.4B CNY

QK Qingdao Kingking Applied Chemistry Co 002094 · SHE
Price¥4.73
Fair Value¥0.6400
Upside-86.5%
Quality49/100
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Mixed Growth
Thin margins · 1.2% net margin
Low debt · negative free cash flow
Trails peers (2/12)
Narrow moat 24/100
Evidence: Medium Range ¥0.4800 – ¥0.8100 Share as image

Fair value as of: Jul 22, 2026

From 12 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥0.8700 to ¥0.6400 (−26.4%) since Jun 25, 2026. Share price +9.5% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥0.8100). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥10.33 ¥1.75 Fair Value ¥0.6400 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 ¥1.75 – ¥10.33 · fair‑value band ¥0.4800 – ¥0.8100 · the ¥4.73 price screens above the ¥0.6400 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

Qingdao Kingking Applied Chemistry Co (002094) currently trades at ¥4.73, while our model-based Fair Value estimate is ¥0.6400, implying the stock looks roughly 86.5% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Defensive 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, Qingdao Kingking Applied Chemistry Co generated revenue of 1.7B CNY at a net margin of 1.2%. Revenue grew 4.8% year over year. It earns a return on equity of 1.4%. Net debt stands at 541M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.4800 (bear case) to ¥0.8100 (bull case); at ¥4.73, 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 53% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -86%, 002094 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
Residual Income ¥1.44 ¥1.34 ¥0.9900 76
ROIC Compounder ¥1.82 ¥1.97 ¥2.11 72
Growth-Adj P/E ¥0.3400 ¥0.4900 ¥0.6300 68
All 12 models by family
Earnings-Based
Graham-Dodd ¥0.2100 ¥0.3000 ¥0.3500 54
EPV ¥1.82 ¥1.97 ¥2.11 59
Multiples
P/E Multiple ¥0.4800 ¥0.6400 ¥0.8100 63
P/S Multiple ¥0.3900 ¥0.5200 ¥0.6500 58
P/B Multiple ¥0.3900 ¥0.5200 ¥0.6500 55
EV/EBIT ¥2.46 ¥3.00 ¥3.54 53
EV/EBITDA ¥2.65 ¥3.25 ¥3.85 54
EV/Revenue ¥2.00 ¥2.49 ¥2.99 43
Asset-Based
NCAV (Graham) ¥1.06 ¥1.42 ¥2.12 50
Economic Profit
Residual Income ¥1.44 ¥1.34 ¥0.9900 76
ROIC Compounder ¥1.82 ¥1.97 ¥2.11 72
Growth Earnings
Growth-Adj P/E ¥0.3400 ¥0.4900 ¥0.6300 68

Widest divergence: Asset-Based (¥1.42) versus Earnings-Based (¥0.3000). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 1.7B CNY
Revenue growth (YoY) +4.8%
Net margin 1.2%
Return on equity 1.4%
Free cash flow −67.9M CNY FY2025
P/E ratio 163.0
More key figures
Operating margin 3.9%
EPS (TTM) ¥0.0300
EPS growth (YoY) -10.3%
Net debt 541M CNY FY2025

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 27

Profitability 22
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 90
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

Qingdao Kingking Applied Chemistry Co., Ltd. engages in the producing and selling new polymer matrix composite candlelight material series products, daily candle products, craft glass series products and other handicrafts and cosmetics in China and internationally. The company provides cosmetics products under the ALLL Beauty brand.

Full company description

Qingdao Kingking Applied Chemistry Co., Ltd. engages in the producing and selling new polymer matrix composite candlelight material series products, daily candle products, craft glass series products and other handicrafts and cosmetics in China and internationally. The company provides cosmetics products under the ALLL Beauty brand. It sells through offline and online channel. The company was founded in 1993 and is based in Qingdao, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Qingdao Kingking Applied Chemistry Co reported revenue of ¥1.7B in FY2025 versus ¥3.2B in FY2021, a compound −14.6%/yr. Reported net income was ¥21.2M in FY2025, compounding +6.7%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.7B CNY
Latest YoY
−6.3%
Avg. growth/yr (3Y)
−17.1%
Avg. growth/yr (5Y)
−15.9%
Avg. growth/yr (22Y)
+8.5%
Revenue −14.6%/yr
FY21 ¥3.2B
FY22 ¥3.0B
FY23 ¥2.5B
FY24 ¥1.8B
FY25 ¥1.7B
Net income +6.7%/yr
FY21 ¥16.3M
FY22 −¥809M
FY23 ¥10.4M
FY24 ¥35.1M
FY25 ¥21.2M

002094 screens 86% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Qingdao Kingking Applied Chemistry Co Fair Value". https://www.fairvalue-calculator.com/stock/002094

Peer Group

Household & Personal Products · 244 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 49 · Below median
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 2% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 5% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 163.0× · Pricier than 75% of peers
P/B 2.31× · Pricier than median
P/S (TTM) 1.99× · Pricier than median
EV/EBITDA 27.0× · Pricier 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 28
FUTURE 24 · sector 4
PAST 5 · sector 26
HEALTH 99 · sector 98
DIVIDEND 0 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
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Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Qingdao Kingking Applied Chemistry Co (002094) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.6400 versus a price of ¥4.73, about −86% (overvalued).
What is the fair value of 002094?
Our model-based fair value for Qingdao Kingking Applied Chemistry Co is ¥0.6400 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥4.73.
What is the quality score of 002094?
Qingdao Kingking Applied Chemistry Co has a Quality Score of 49/100. 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 Qingdao Kingking Applied Chemistry Co (002094)?
Qingdao Kingking Applied Chemistry Co reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002094?
The net profit margin of Qingdao Kingking Applied Chemistry Co is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. 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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