Shaanxi Xinghua Chemistry Co Ltd (002109) Fair Value & Analysis
Basic Materials · CN · Market cap 3.4B CNY (≈ $508M) · ISIN CNE000001QD4
What is Shaanxi Xinghua Chemistry Co Ltd really worth?
Below-average quality, trading 17% below our fair value of ¥3.36.
As of Sep 3, 2026, the fair value of Shaanxi Xinghua Chemistry Co Ltd is ¥3.36 per share against a price of ¥2.80, so the fair value sits 20% above the price. A model estimate blended from multiple valuation models, recalculated regularly.
Risks
Fair value as of: Sep 3, 2026
From 3 valuation models · updated 2 days ago
Fair value updated Sep 3, 2026, revised from ¥1.68 to ¥3.36 (+100.0%) since Aug 13, 2026. Share price +8.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (¥1.64 to ¥5.28). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range ¥2.36 – ¥7.26 · fair‑value band ¥1.64 – ¥5.28 · the ¥2.80 price screens below the ¥3.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Shaanxi Xinghua Chemistry Co Ltd (002109) currently trades at ¥2.80, while our model-based Fair Value estimate is ¥3.36, implying the stock looks roughly 16.7% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of ¥2.06 per share, and 0 of the 3 models we run sit above the ¥2.80 price. Bear case: the Dividend Discount group reads lowest at ¥1.36, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Shaanxi Xinghua Chemistry Co Ltd generated revenue of 3.8B CNY at a net margin of −10.7%. Revenue grew 27.5% year over year. It earns a return on equity of −10.7%. Net debt stands at 2.4B CNY. Fundamentals as of Sep 3, 2026
Our scenario range runs from ¥1.64 (bear case) to ¥5.28 (bull case); at ¥2.80, 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 49% below its 52-week high and 7% 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 20%, 002109 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 3 models by family
Widest divergence: Asset-Based (¥2.06) versus Dividend Discount (¥1.36). Highest evidence: Gordon GGM (67).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 31 · Market factors (momentum, volatility) 27
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Shaanxi Xinghua Chemistry Co.,Ltd produces and sells ammonium nitrate products in China. It also offers liquid ammonia, methanol, methylamine, dimethylformamide, ethanol, and other products. The company was founded in 1997 and is based in Xingping, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shaanxi Xinghua Chemistry Co Ltd reported revenue of 3.5B CNY in FY2025 versus 2.8B CNY in FY2021, a compound +5.8%/yr. Reported net income was −517M CNY in FY2025.
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Peer Group
Chemicals · 341 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 Chemicals median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Basic Industries Corporation 2010 | 49.50 SAR | 18.13 SAR | −63% |
| A. Schulman, Inc SLMNP | $849.00 | $203.64 | −76% |
| Ningxia Baofeng Energy Group 600989 | ¥24.49 | ¥20.17 | −18% |
| Dow Inc DOW | $30.51 | $21.03 | −31% |
| Zhejiang Juhua Co 600160 | ¥41.32 | ¥21.62 | −48% |
| Rongsheng Petrochemical Co 002493 | ¥13.76 | ¥2.39 | −83% |
| Zangge Mining Company 000408 | ¥78.04 | ¥20.99 | −73% |
| PT Barito Pacific Tbk, BRPT | 1,855 IDR | 1,584 IDR | −15% |
| Ganfeng Lithium Group 002460 | ¥52.53 | ¥16.17 | −69% |
| Hengli Petrochemical Co 600346 | ¥18.87 | ¥17.09 | −9% |
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