Shaanxi Xinghua Chemistry Co Ltd (002109) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Shaanxi Xinghua Chemistry Co Ltd stock ¥2.72, price ¥2.73, upside -0.4%, quality 29 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ¥2.36 – ¥7.26 · fair‑value band ¥1.46 – ¥3.88 · the ¥2.73 price screens above the ¥2.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Shaanxi Xinghua Chemistry Co in your weekly email
Every Wednesday you see whether Shaanxi Xinghua Chemistry Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
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.
Stock analysis
Shaanxi Xinghua Chemistry Co Ltd (002109) currently trades at ¥2.73, while our model-based Fair Value estimate is ¥2.72, so the stock looks roughly fairly valued today (gap 0.4%).
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.82 per share, and 0 of the 3 models we run sit above the ¥2.73 price.
Bear case: the Dividend Discount group reads lowest at ¥1.22, and 3 of the 3 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥1.46 (bear) to ¥3.88 (bull), the price of ¥2.73 sits inside 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 29/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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.
Key figures
Market cap 3.5B CNY (≈ $522M) Small · P/S ratio 0.92 · EPS (TTM) ¥−0.2700 · Dividend yield 3.2% · Net margin −9.0% · Return on equity −9.7% · Return on assets (EBIT) 1.1% · Operating margin −5.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).
What moves the price
The share trades about 48% 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 −30% fair-value upside, at 0%, 002109 screens cheaper than that median.
Fair Value models
Bear¥1.46Fair Value ¥2.72Bull¥3.88
Price ¥2.73 · Upside -0.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
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.36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−14.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.8%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 22 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.1%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘ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.
12.6% (2020) → −12.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Shaanxi Xinghua Chemistry Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Chemicals · 340 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−0.4% · Above median
Profitability
Return on assets−5.0% · Bottom 25%
Net margin (12 months)−9.0% · Bottom 25%
Operating margin (12 months)−5.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)12.6% · Above median
Dividend yield (12 months)3.2% · Above median
Balance sheet
Debt / equity0.90× · Highest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shaanxi Xinghua Chemistry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002109
Frequently asked questions
Is Shaanxi Xinghua Chemistry Co Ltd (002109) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ¥2.72 versus a price of ¥2.73, about −0% upside (fairly valued).
What is the fair value of 002109?
Our model-based fair value for Shaanxi Xinghua Chemistry Co Ltd is ¥2.72 (as of Oct 2, 2026), built from audited fundamentals. The current price: ¥2.73.
What is the quality score of 002109?
Shaanxi Xinghua Chemistry Co Ltd has a Quality Score of 29/100. 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
Our model-based price target is the fair value of ¥2.72 (as of Oct 2, 2026) from 3 valuation models. Cautious scenario ¥1.46, optimistic scenario ¥3.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Shaanxi Xinghua Chemistry Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.72, about −0% upside versus a price of ¥2.73 (fairly valued). Cautious scenario ¥1.46, optimistic scenario ¥3.88. The calculation is refreshed regularly with new filings.
What is the revenue of Shaanxi Xinghua Chemistry Co Ltd (002109)?
Shaanxi Xinghua Chemistry Co Ltd reported trailing-twelve-month revenue of about 3.9B CNY (latest available figure, as of Oct 2, 2026).
Does Shaanxi Xinghua Chemistry Co Ltd pay a dividend?
Shaanxi Xinghua Chemistry Co Ltd currently shows a dividend yield of 3.21% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of Shaanxi Xinghua Chemistry Co Ltd (002109)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shaanxi Xinghua Chemistry Co Ltd it is ¥2.72 per share (as of Oct 2, 2026), against a price of ¥2.73. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Shaanxi Xinghua Chemistry Co Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 002109 trades above its calculated fair value: price ¥2.73, fair value ¥2.72, a gap of about −0% (fairly valued). 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 002109?
No. The price is what the market pays today (¥2.73); the fair value is what the company's own numbers justify (¥2.72). For Shaanxi Xinghua Chemistry Co Ltd the two are ¥0.0100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shaanxi Xinghua Chemistry Co Ltd worth?
The market values Shaanxi Xinghua Chemistry Co Ltd at about 3.5B CNY (market capitalisation, as of Oct 2, 2026). Per share that is ¥2.73; our models calculate a fair value of ¥2.72 per share.
What do the bullish and bearish scenarios say about 002109?
Our models span a range for Shaanxi Xinghua Chemistry Co Ltd: cautious scenario ¥1.46, base ¥2.72, optimistic ¥3.88 per share (as of Oct 2, 2026, price ¥2.73). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shaanxi Xinghua Chemistry Co Ltd (002109)?
Balance-sheet figures for Shaanxi Xinghua Chemistry Co Ltd (as of Oct 2, 2026): return on equity −9.7%, debt of 0.90 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 002109 from its 52-week high?
Shaanxi Xinghua Chemistry Co Ltd trades at ¥2.73, about 48% below its 52-week high of ¥5.28 and 15% above the low of ¥2.37 (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.72 is for.
Which stocks are comparable to Shaanxi Xinghua Chemistry Co Ltd?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, Rongsheng Petrochemical Co, 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 Shaanxi Xinghua Chemistry Co Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price ¥2.73, calculated fair value ¥2.72 (−0%), Quality Score 29/100, from 3 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 002109 calculated?
We run Shaanxi Xinghua Chemistry Co Ltd through 3 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 ¥2.72, 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 13.9 % above its aggregate fair value. Shaanxi Xinghua 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
The closing price on Oct 20, 2026 was ¥2.73. Our model-based fair value is ¥2.72, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shaanxi Xinghua Chemistry Co Ltd right now?
The model range is unusually wide (¥1.46 to ¥3.88). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Shaanxi Xinghua Chemistry Co Ltd
How large is the market capitalisation of Shaanxi Xinghua Chemistry Co Ltd (002109)?
The market capitalisation of Shaanxi Xinghua Chemistry Co Ltd is 3.5B CNY (≈ $522M). 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
The price-to-sales ratio of Shaanxi Xinghua Chemistry Co Ltd is 0.92 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shaanxi Xinghua Chemistry Co Ltd (002109)?
Earnings per share at Shaanxi Xinghua Chemistry Co Ltd are ¥−0.2700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shaanxi Xinghua Chemistry Co Ltd (002109)?
The dividend yield of Shaanxi Xinghua Chemistry Co Ltd is 3.2%. 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
The net margin of Shaanxi Xinghua Chemistry Co Ltd is −9.0% (last twelve months). 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
The return on equity (ROE) of Shaanxi Xinghua Chemistry Co Ltd is −9.7% (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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
On an EBIT basis the return on assets of Shaanxi Xinghua Chemistry Co Ltd is 1.1% (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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
The operating margin of Shaanxi Xinghua Chemistry Co Ltd is −5.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shaanxi Xinghua Chemistry Co Ltd (002109)?
Revenue at Shaanxi Xinghua Chemistry Co Ltd is growing +12.6% versus a year earlier (3y avg +2.9%). 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 Shaanxi Xinghua Chemistry Co Ltd (002109)?
Earnings per share at Shaanxi Xinghua Chemistry Co Ltd are growing −78.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shaanxi Xinghua Chemistry Co Ltd (002109) generate?
The free cash flow of Shaanxi Xinghua Chemistry Co Ltd is −120M 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 Shaanxi Xinghua Chemistry Co Ltd (002109) carry?
The net debt of Shaanxi Xinghua Chemistry Co Ltd is 2.4B 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.
Free · no account needed
Watch Shaanxi Xinghua Chemistry Co Ltd in the live analysis
One click puts Shaanxi Xinghua Chemistry Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 28,000+ stock screener.
Thin data
Oct 2, 2026