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Jiangsu Aoyang Health Industry Co. (002172) Fair Value & Analysis

Basic Materials · CN · Market cap 2.4B CNY

JA Jiangsu Aoyang Health Industry Co. 002172 · SHE
Price¥3.41
Fair Value¥0.8200
Upside-76.0%
Quality45/100
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Mixed Growth
Thin margins · 1.6% net margin
Low debt · negative free cash flow
Trails peers (2/12)
Narrow moat 38/100
Evidence: High Range ¥0.6900 – ¥1.15 Share as image

Fair value as of: Jul 22, 2026

From 15 valuation models · updated 20 days ago

Share price +14.8% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.15). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥7.10 ¥2.31 Fair Value ¥0.8200 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 ¥2.31 – ¥7.10 · fair‑value band ¥0.6900 – ¥1.15 · the ¥3.41 price screens above the ¥0.8200 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 Aoyang Health Industry Co. (002172) currently trades at ¥3.41, while our model-based Fair Value estimate is ¥0.8200, implying the stock looks roughly 76.0% overvalued today. The Quality Score stands at 45/100 (below-average 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: high).

Over the trailing twelve months, Jiangsu Aoyang Health Industry Co. generated revenue of 1.8B CNY at a net margin of 1.6%. Revenue declined 10.0% year over year. It earns a return on equity of 19.0%. Net debt stands at 332M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.6900 (bear case) to ¥1.15 (bull case); at ¥3.41, 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 34% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -76%, 002172 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 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
Highest evidence
Residual Income ¥0.3200 ¥0.3900 ¥1.09 76
ROIC Compounder ¥1.51 ¥1.68 ¥1.83 72
Gordon GGM ¥0.3300 ¥0.3600 ¥0.4000 70
All 15 models by family
DCF Models
Owner Earnings ¥1.30 ¥1.61 ¥2.18 31
Earnings-Based
Graham-Dodd ¥0.3700 ¥0.4500 ¥0.5000 54
EPV ¥1.51 ¥1.68 ¥1.83 59
Dividend Discount
Gordon GGM ¥0.3300 ¥0.3600 ¥0.4000 70
DDM Multi-Stage ¥0.3300 ¥0.4000 ¥0.5100 61
Multiples
P/E Multiple ¥0.6900 ¥0.9200 ¥1.15 63
P/S Multiple ¥0.6900 ¥0.9200 ¥1.15 58
P/B Multiple ¥0.5200 ¥0.6900 ¥0.8600 55
EV/EBIT ¥2.01 ¥2.53 ¥3.05 53
EV/EBITDA ¥2.17 ¥2.75 ¥3.32 54
EV/Revenue ¥1.80 ¥2.38 ¥2.96 43
Asset-Based
NCAV (Graham) ¥0.1100 ¥0.1500 ¥0.2300 50
Economic Profit
Residual Income ¥0.3200 ¥0.3900 ¥1.09 76
ROIC Compounder ¥1.51 ¥1.68 ¥1.83 72
Growth Earnings
Growth-Adj P/E ¥0.4900 ¥0.7000 ¥0.9100 68

Widest divergence: DCF Models (¥1.61) versus Asset-Based (¥0.1500). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.8B CNY
Revenue growth (YoY) -10.0%
Net margin 1.6%
Return on equity 19.0%
Free cash flow −20.0M CNY FY2025
P/E ratio 77.5
More key figures
Operating margin 4.6%
EPS (TTM) ¥0.0400
EPS growth (YoY) -50.0%
Net debt 332M CNY FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 41 · Market factors (momentum, volatility) 35

Profitability 46
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 19
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 18
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 Aoyang Health Industry Co.ltd. engages in the production and sale of viscose chemical fibers in China and internationally.

Full company description

Jiangsu Aoyang Health Industry Co.ltd. engages in the production and sale of viscose chemical fibers in China and internationally. It engages in investment and development in the health industry; manufacture and sale of viscose fiber and viscose fiber products, degradable fibers, and functional fibers; sale of textile raw materials, textiles, and chemical products; steam heat supply; power production; and self-operated and agency of the import and export of commodities and technologies. The company also offers health management and wellness and pharmaceutical logistics services, as well as distributes pharmaceutical products. In addition, it is involved in the wholesale of pharmaceuticals, medical devices, and other products; processing, purchasing, selling, and cultivating of Chinese medicinal materials; rehabilitation medical services; medical aesthetics; pharmaceutical retail; research and experimental development; and provision of maternal and child health consultation services, as well as scientific research and technical services. The company was formerly known as Jiangsu Aoyang Technology Corporation Limited. and changed its name to Jiangsu Aoyang Health Industry Co.ltd. in September 2018. Jiangsu Aoyang Health Industry Co.ltd. was incorporated in 2001 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 Aoyang Health Industry Co. reported revenue of ¥1.8B in FY2025 versus ¥1.4B in FY2021, a compound +6.0%/yr. Reported net income was ¥41.3M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.8B CNY
Avg. growth/yr (3Y) 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.
+12.0%
Avg. growth/yr (5Y) 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.
−7.6%
Avg. growth/yr (20Y) 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.
+4.8%
Revenue +6.0%/yr
FY21 ¥1.4B
FY22 ¥2.0B
FY23 ¥2.2B
FY24 ¥2.0B
FY25 ¥1.8B
Net income
FY21 −¥1.0B
FY22 −¥15.4M
FY23 ¥49.7M
FY24 ¥40.6M
FY25 ¥41.3M

002172 screens 76% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Jiangsu Aoyang Health Industry Co. Fair Value". https://www.fairvalue-calculator.com/stock/002172

Peer Group

Chemicals · 333 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 45 · Below median
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -10% · Bottom 25%
Debt / equity 0.38× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 77.5× · Pricier than 75% of peers
P/B 13.49× · Pricier than 75% of peers
P/S (TTM) 1.35× · Pricier than median
EV/EBITDA 16.9× · Pricier than median

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 0
FUTURE 0 · sector 20
PAST 76 · sector 19
HEALTH 81 · sector 94
DIVIDEND 0 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Jiangsu Aoyang Health Industry Co. (002172) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.8200 versus a price of ¥3.41, about −76% (overvalued).
What is the fair value of 002172?
Our model-based fair value for Jiangsu Aoyang Health Industry Co. is ¥0.8200 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥3.41.
What is the quality score of 002172?
Jiangsu Aoyang Health Industry Co. has a Quality Score of 45/100. 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 Aoyang Health Industry Co. (002172)?
Jiangsu Aoyang Health Industry Co. reported trailing-twelve-month revenue of about 1.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002172?
The net profit margin of Jiangsu Aoyang Health Industry Co. is about 1.6%, meaning it keeps roughly 1.6% 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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