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Shandong Ruyi Woolen Garment Group (002193) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 1.3B CNY

SR Shandong Ruyi Woolen Garment Group 002193 · SHE
Price¥4.71
Fair Value¥0.7700
Upside-83.7%
Quality41/100
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Weak Growth
Loss-making · -102.3% net margin
Moderate debt · generates free cash flow
Trails peers (3/11)
Narrow moat 9/100
Evidence: Medium Range ¥0.5700 – ¥1.15 Share as image

Fair value as of: Jul 22, 2026

From 3 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥4.58 to ¥0.7700 (−83.2%) since Jun 25, 2026. Share price +11.1% over the past month.

Below-average quality, and screening another 84% 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.
  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥0.5700 to ¥1.15) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥13.54 ¥2.68 Fair Value ¥0.7700 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 ¥2.68 – ¥13.54 · fair‑value band ¥0.5700 – ¥1.15 · the ¥4.71 price screens above the ¥0.7700 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

Shandong Ruyi Woolen Garment Group (002193) currently trades at ¥4.71, while our model-based Fair Value estimate is ¥0.7700, implying the stock looks roughly 83.7% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical 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).

Trailing-twelve-month revenue stands at 360M CNY. Revenue grew 2.2% year over year. It earns a return on equity of -76.1%. Net debt stands at 651M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.5700 (bear case) to ¥1.15 (bull case); at ¥4.71, 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 36% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -84%, 002193 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
Gordon GGM ¥0.0600 ¥0.0700 ¥0.0700 70
DDM Multi-Stage ¥0.0600 ¥0.0700 ¥0.0900 61
NCAV (Graham) ¥0.5700 ¥0.7700 ¥1.15 50
All 3 models by family
Dividend Discount
Gordon GGM ¥0.0600 ¥0.0700 ¥0.0700 70
DDM Multi-Stage ¥0.0600 ¥0.0700 ¥0.0900 61
Asset-Based
NCAV (Graham) ¥0.5700 ¥0.7700 ¥1.15 50

Widest divergence: Asset-Based (¥0.7700) versus Dividend Discount (¥0.0700). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 360M CNY
Revenue growth (YoY) +2.2%
Net margin -102%
Return on equity -76.1%
Free cash flow 2.8M CNY FY2025
Operating margin -22.1%
More key figures
EPS (TTM) ¥-1.44
EPS growth (YoY) -50.0%
Net debt 651M CNY FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 38 · Market factors (momentum, volatility) 26

Profitability 1
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 1
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 82
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

Shandong Ruyi Woolen Garment Group Co., Ltd. designs, produces, and sells worsted woolen fabrics and clothing in China and internationally. It offers professional clothing and wool fabrics. Shandong Ruyi Woolen Garment Group Co., Ltd. was formerly known as Shandong Jining Ruyi Woolen Textile Co., Ltd.

Full company description

Shandong Ruyi Woolen Garment Group Co., Ltd. designs, produces, and sells worsted woolen fabrics and clothing in China and internationally. It offers professional clothing and wool fabrics. Shandong Ruyi Woolen Garment Group Co., Ltd. was formerly known as Shandong Jining Ruyi Woolen Textile Co., Ltd. and changed its name to Shandong Ruyi Woolen Garment Group Co., Ltd. in June 2017. Shandong Ruyi Woolen Garment Group Co., Ltd. was founded in 1993 and is based in Jining, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Ruyi Woolen Garment Group reported revenue of ¥360M in FY2025 versus ¥690M in FY2021, a compound −15.0%/yr. Reported net income was −¥368M in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
360M CNY
Latest YoY
−19.9%
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.
−15.3%
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.
−14.5%
Avg. growth/yr (21Y) 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.
−0.8%
Revenue −15.0%/yr
FY21 ¥690M
FY22 ¥592M
FY23 ¥384M
FY24 ¥449M
FY25 ¥360M
Net income
FY21 ¥994K
FY22 −¥831M
FY23 −¥625M
FY24 −¥577M
FY25 −¥368M

002193 screens 84% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Shandong Ruyi Woolen Garment Group Fair Value". https://www.fairvalue-calculator.com/stock/002193

Peer Group

Textile Manufacturing · 307 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 41 · Bottom 25%
Fair Value upside −84% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -102% · Bottom 25%
Operating margin (TTM) -22% · Bottom 25%
Revenue growth 2% · Above median
Debt / equity 0.93× · Higher than 75% of peers

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/B 0.65× · Cheaper than median
P/S (TTM) 0.55× · Cheaper than median
P/FCF 71.0× · 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 8
FUTURE 11 · sector 0
PAST 0 · sector 15
HEALTH 54 · sector 95
DIVIDEND 0 · sector 34

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

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Shandong Ruyi Woolen Garment Group (002193) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥0.7700 versus a price of ¥4.71, about −84% (overvalued).
What is the fair value of 002193?
Our model-based fair value for Shandong Ruyi Woolen Garment Group is ¥0.7700 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥4.71.
What is the quality score of 002193?
Shandong Ruyi Woolen Garment Group has a Quality Score of 41/100. 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 Shandong Ruyi Woolen Garment Group (002193)?
Shandong Ruyi Woolen Garment Group reported trailing-twelve-month revenue of about 360M CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002193?
The net profit margin of Shandong Ruyi Woolen Garment Group is about -102.3%, meaning it is currently running at a net loss. 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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