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Qingdao Kingking Applied Chemistry Co Ltd (002094) fair value: what the stock is really worth

As of Sep 22, 2026: fair value of Qingdao Kingking Applied Chemistry Co Ltd ¥0.64, price ¥5.38, upside -88.1%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Consumer Defensive · CN · ISIN CNE000001PS4

QK Thin data Sep 24, 2026

Qingdao Kingking Applied Chemistry Co Ltd

002094 · SHE

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥0.6400 · Strongly overvalued (−88%)
!Quality 49/100
!Mixed Growth (revenue YoY −6.3 %/yr)
!Thin margins · 1.2% net margin (TTM)
!Low debt · negative free cash flow
!Trails peers (2/13)
!Narrow moat 24/100
!Evidence only low, so the estimate is less certain
!Weak on future: 24 out of 100
!Weak on past: 5 out of 100
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥10.33 ¥1.75 Fair Value ¥0.6400 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range ¥1.75 – ¥10.33 · fair‑value band ¥0.4800 – ¥0.8100 · the ¥5.38 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 Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

Qingdao Kingking Applied Chemistry Co Ltd (002094) currently trades at ¥5.38, while our model-based Fair Value estimate is ¥0.6400, implying the stock looks roughly 740.3% overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of ¥1.42 per share, and 0 of the 12 models we run sit above the ¥5.38 price.

Bear case: the Earnings-Based group reads lowest at ¥0.3000, and 12 of the 12 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥0.4800 (bear) to ¥0.8100 (bull), the price of ¥5.38 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 49/100 (below-average quality), in the Consumer Defensive sector.

Mixed Growth: Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.

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

Key figures

Market cap 3.7B CNY (≈ $555M) · P/E ratio 179.3 · P/S ratio 2.26 · EPS (TTM) ¥0.0300 · Dividend yield 1.5% · Net margin 1.3% · Return on equity 1.4% · Return on assets (EBIT) −4.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (low confidence).

What moves the price

The share trades about 39% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Defensive peers we cover trades at −25% fair-value upside, at −88%, 002094 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.3000 to ¥3.25). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.4800 Fair Value ¥0.6400 Bull ¥0.8100
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.0219 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income ¥1.38 ¥1.26 ¥0.8700 76
EPV ¥1.70 ¥1.82 ¥1.92 74
ROIC Compounder ¥1.70 ¥1.82 ¥1.92 72
All 12 models by family
Earnings-Based
Graham-Dodd ¥0.2100 ¥0.3000 ¥0.3500 67
EPV ¥1.70 ¥1.82 ¥1.92 74
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 66
EV/EBITDA ¥2.65 ¥3.25 ¥3.85 67
EV/Revenue ¥2.00 ¥2.49 ¥2.99 54
Asset-Based
NCAV (Graham) ¥1.06 ¥1.42 ¥2.12 54
Economic Profit
Residual Income ¥1.38 ¥1.26 ¥0.8700 76
ROIC Compounder ¥1.70 ¥1.82 ¥1.92 72
Growth Earnings
Growth-Adj P/E ¥0.3400 ¥0.4900 ¥0.6300 67

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Quality Score breakdown

Overall quality 49/100

Of which business quality 47 · Market factors (momentum, volatility) 36

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 76
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 90
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 55/100
Spin-off in 2024: revenue and profit before it include the divested business. Growth is measured afresh from 2024.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+5.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.2%
Dividend (yield on the price)1.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.4% vs −16%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−16% → 5%
Start year 2020 (pandemic)

002094 screens 740% overvalued. Compare with The Procter & Gamble Company →

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Peer Groupⓘ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.Household & Personal Products · 250 stocks

Beats the industry median on 2/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 49 · Below median
Fair Value upside −88% · Bottom 25%
Profitability
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
Growth and dividend
Revenue growth 5% · Above median
Dividend yield (TTM) 1.5% · Below median
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Household & Personal Products median · lower = cheaper

P/E (TTM) 179.3× · Priciest 25%
P/B 2.54× · Pricier than median
P/S (TTM) 2.19× · Priciest 25%
EV/EBITDA 30.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 33
FUTURE (revenue growth)24 · sector 9
PAST (return on equity)5 · sector 28
HEALTH (low debt)99 · sector 98
DIVIDEND (yield)30 · sector 55

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $148.22 $110.45 −25%
Colgate-Palmolive Company CL $87.05 $55.95 −36%
Hindustan Unilever Limited HINDUNILVR ₹1,950 ₹775.25 −60%
Kenvue Inc KVUE $17.86 $12.73 −29%
Kimberly-Clark Corporation KMB $98.91 $83.93 −15%
Henkel AG HEN €69.30 €80.96 +17%
The Estée Lauder Companies Inc EL $100.29 $27.22 −73%
Church & Dwight Co CHD $96.12 $65.12 −32%
Beiersdorf Aktiengesellschaft, BEI €76.46 €68.95 −10%
Puig Brands, S.A PUIG €17.56 €19.32 +10%

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

Frequently asked questions

Is Qingdao Kingking Applied Chemistry Co Ltd (002094) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥0.6400 versus a price of ¥5.38, about −88% upside (overvalued).
What is the fair value of 002094?
Our model-based fair value for Qingdao Kingking Applied Chemistry Co Ltd is ¥0.6400 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥5.38.
What is the quality score of 002094?
Qingdao Kingking Applied Chemistry Co Ltd 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 price target for Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Our model-based price target is the fair value of ¥0.6400 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario ¥0.4800, optimistic scenario ¥0.8100. It is a calculation from audited fundamentals, not an analyst target.
What is the Qingdao Kingking Applied Chemistry Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.6400, about −88% upside versus a price of ¥5.38 (overvalued). Cautious scenario ¥0.4800, optimistic scenario ¥0.8100. The calculation is refreshed regularly with new filings.
What is the revenue of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Qingdao Kingking Applied Chemistry Co Ltd reported trailing-twelve-month revenue of about 1.7B CNY (latest available figure, as of Sep 24, 2026).
Does Qingdao Kingking Applied Chemistry Co Ltd pay a dividend?
Qingdao Kingking Applied Chemistry Co Ltd currently shows a dividend yield of about 1.51% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qingdao Kingking Applied Chemistry Co Ltd it is ¥0.6400 per share (as of Sep 24, 2026), against a price of ¥5.38. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Qingdao Kingking Applied Chemistry Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 002094 trades above its calculated fair value: price ¥5.38, fair value ¥0.6400, a gap of about −88% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002094?
No. The price is what the market pays today (¥5.38); the fair value is what the company's own numbers justify (¥0.6400). For Qingdao Kingking Applied Chemistry Co Ltd the two are ¥4.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qingdao Kingking Applied Chemistry Co Ltd worth?
The market values Qingdao Kingking Applied Chemistry Co Ltd at about 3.7B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥5.38; our models calculate a fair value of ¥0.6400 per share.
What do the bullish and bearish scenarios say about 002094?
Our models span a range for Qingdao Kingking Applied Chemistry Co Ltd: cautious scenario ¥0.4800, base ¥0.6400, optimistic ¥0.8100 per share (as of Sep 24, 2026, price ¥5.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002094?
Qingdao Kingking Applied Chemistry Co Ltd trades at a price-to-earnings ratio of 179.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.6400 is built from several models across several years. Other multiples: P/B 2.5, P/S 2.2, EV/EBITDA 30.3.
How solid is the balance sheet of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Balance-sheet figures for Qingdao Kingking Applied Chemistry Co Ltd (as of Sep 24, 2026): return on equity 1.4%, debt of 0.02 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 002094 from its 52-week high?
Qingdao Kingking Applied Chemistry Co Ltd trades at ¥5.38, about 39% below its 52-week high of ¥8.75 and 28% above the low of ¥4.20 (as of Sep 22, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.6400 is for.
Which stocks are comparable to Qingdao Kingking Applied Chemistry Co Ltd?
From the same area (Consumer Defensive) we also value The Procter & Gamble Company, Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Qingdao Kingking Applied Chemistry Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥5.38, calculated fair value ¥0.6400 (−88%), Quality Score 49/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002094 calculated?
We run Qingdao Kingking Applied Chemistry Co Ltd through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.6400, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Qingdao Kingking Applied Chemistry Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The closing price on Sep 22, 2026 was ¥5.38. Our model-based fair value is ¥0.6400, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qingdao Kingking Applied Chemistry Co Ltd right now?
The price sits above even our optimistic bull case (¥0.8100). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Qingdao Kingking Applied Chemistry Co Ltd (002094) come from?
Earnings per share at Qingdao Kingking Applied Chemistry Co Ltd grew −11.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +3.6 %, EBIT margin −15.5 %, tax rate −3.2 %, residual (interest, one-offs) +4.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Qingdao Kingking Applied Chemistry Co Ltd

How large is the market capitalisation of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The market capitalisation of Qingdao Kingking Applied Chemistry Co Ltd is 3.7B CNY (≈ $555M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The price-to-sales ratio of Qingdao Kingking Applied Chemistry Co Ltd is 2.26 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Earnings per share at Qingdao Kingking Applied Chemistry Co Ltd are ¥0.0300 (price ÷ EPS = P/E 179.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The dividend yield of Qingdao Kingking Applied Chemistry Co Ltd is 1.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The net margin of Qingdao Kingking Applied Chemistry Co Ltd is 1.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The return on equity (ROE) of Qingdao Kingking Applied Chemistry Co Ltd is 1.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
On an EBIT basis the return on assets of Qingdao Kingking Applied Chemistry Co Ltd is −4.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Qingdao Kingking Applied Chemistry Co Ltd (002094)?
The operating margin of Qingdao Kingking Applied Chemistry Co Ltd is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Revenue at Qingdao Kingking Applied Chemistry Co Ltd is growing +4.8% versus a year earlier (3y avg −17.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Qingdao Kingking Applied Chemistry Co Ltd (002094)?
Earnings per share at Qingdao Kingking Applied Chemistry Co Ltd are growing −10.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Qingdao Kingking Applied Chemistry Co Ltd (002094) generate?
The free cash flow of Qingdao Kingking Applied Chemistry Co Ltd is −67.9M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Qingdao Kingking Applied Chemistry Co Ltd (002094) carry?
The net debt of Qingdao Kingking Applied Chemistry Co Ltd is 541M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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