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Do-Fluoride New Materials Co (002407) Fair Value & Analysis

Basic Materials · CN · Market cap 47.8B CNY

DF Do-Fluoride New Materials Co 002407 · SHE
Price¥36.54
Fair Value¥3.22
Upside-91.2%
Quality42/100
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Expensive Growth
Thin margins · 5.0% net margin
Low debt · negative free cash flow
0.50% dividend yield
Trails peers (4/13)
Narrow moat 36/100
Evidence: Medium Range ¥2.28 – ¥3.89 Share as image

Fair value as of: Jul 22, 2026

From 17 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥4.27 to ¥3.22 (−24.6%) since Jun 25, 2026. Share price −19.4% over the past month.

Below-average quality, and screening another 91% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.89). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥54.82 ¥9.20 Fair Value ¥3.22 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 ¥9.20 – ¥54.82 · fair‑value band ¥2.28 – ¥3.89 · the ¥36.54 price screens above the ¥3.22 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

Do-Fluoride New Materials Co (002407) currently trades at ¥36.54, while our model-based Fair Value estimate is ¥3.22, implying the stock looks roughly 91.2% overvalued today. The Quality Score stands at 42/100 (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: medium).

Over the trailing twelve months, Do-Fluoride New Materials Co generated revenue of 10.6B CNY at a net margin of 5.0%. Revenue grew 53.3% year over year. It earns a return on equity of 5.0%. Net debt stands at 195M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥2.28 (bear case) to ¥3.89 (bull case); at ¥36.54, 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 17% below its 52-week high and 236% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -91%, 002407 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥5.09 ¥4.96 ¥4.13 76
ROIC Compounder ¥3.11 ¥3.49 ¥3.82 72
Gordon GGM ¥3.08 ¥6.40 ¥10.15 70
All 17 models by family
DCF Models
Owner Earnings ¥2.42 ¥3.79 ¥6.26 31
Earnings-Based
Graham-Dodd ¥1.22 ¥6.06 ¥8.37 54
Lynch FV ¥1.64 ¥2.34 ¥3.04 50
PEG = 1.0 ¥1.64 ¥2.34 ¥3.04 46
EPV ¥3.11 ¥3.49 ¥3.82 59
Dividend Discount
Gordon GGM ¥3.08 ¥6.40 ¥10.15 70
DDM Multi-Stage ¥3.08 ¥5.40 ¥6.72 61
Multiples
P/E Multiple ¥2.28 ¥3.04 ¥3.80 63
P/S Multiple ¥2.28 ¥3.04 ¥3.80 58
P/B Multiple ¥2.28 ¥3.04 ¥3.80 55
EV/EBIT ¥4.43 ¥5.62 ¥6.82 53
EV/EBITDA ¥9.61 ¥12.53 ¥15.45 54
EV/Revenue ¥3.95 ¥5.28 ¥6.61 43
Asset-Based
NCAV (Graham) ¥3.53 ¥4.73 ¥7.05 50
Economic Profit
Residual Income ¥5.09 ¥4.96 ¥4.13 76
ROIC Compounder ¥3.11 ¥3.49 ¥3.82 72
Growth Earnings
Growth-Adj P/E ¥2.25 ¥3.22 ¥4.19 68

Widest divergence: Dividend Discount (¥5.40) versus Earnings-Based (¥2.34). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 10.6B CNY
Revenue growth (YoY) +53.3%
Net margin 5.0%
Return on equity 5.0%
Free cash flow −858M CNY FY2025
P/E ratio 91.2
More key figures
Operating margin 17.5%
EPS (TTM) ¥0.4400
Dividend yield 0.5%
EPS growth (YoY) +540%
Net debt 195M CNY FY2025

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 40 · Market factors (momentum, volatility) 67

Profitability 19
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 34
Calm price path (market factor)
Momentum 77
Price trend over the last 3–12 months (market factor)
52W Momentum 89
Distance to the 52-week high (market factor)
Net Issuance 62
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

Do-Fluoride New Materials Co., Ltd. engages in the development, production, and sale of inorganic fluorides, electronic chemicals, lithium-ion batteries, and related materials in China and internationally.

Full company description

Do-Fluoride New Materials Co., Ltd. engages in the development, production, and sale of inorganic fluorides, electronic chemicals, lithium-ion batteries, and related materials in China and internationally. The company offers cryolite, anhydrous aluminum fluoride, sodium fluoride and fluosilicate, white carbon black, and anhydrous hydrogen fluoride; lithium hexafluorophosphate and difluorophosphate, and sodium hexafluorophosphate; and hydrofluoric acid, nitric acid, ammonia, and ammonium fluoride. It also provides customized services for new energy lithium-ion power batteries. The company was formerly known as Do-Fluoride Chemicals Co., Ltd. Do-Fluoride New Materials Co., Ltd. was founded in 1999 and is based in Jiaozuo, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Do-Fluoride New Materials Co reported revenue of ¥9.4B in FY2025 versus ¥7.8B in FY2021, a compound +4.8%/yr. Reported net income was ¥213M in FY2025, compounding −35.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.4B CNY
Latest YoY
+15.0%
Avg. growth/yr (3Y)
−8.6%
Avg. growth/yr (5Y)
+17.3%
Avg. growth/yr (19Y)
+17.8%
Revenue +4.8%/yr
FY21 ¥7.8B
FY22 ¥12.4B
FY23 ¥11.9B
FY24 ¥8.2B
FY25 ¥9.4B
Net income −35.9%/yr
FY21 ¥1.3B
FY22 ¥1.9B
FY23 ¥511M
FY24 −¥308M
FY25 ¥213M

002407 screens 91% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Do-Fluoride New Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/002407

Peer Group

Chemicals · 334 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 42 · Below median
Fair Value upside −91% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 18% · Top 25%
Revenue growth 53% · Top 25%
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 91.2× · Pricier than 75% of peers
P/B 5.69× · Pricier than 75% of peers
P/S (TTM) 4.53× · Pricier than 75% of peers
EV/EBITDA 27.0× · 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 0
FUTURE 100 · sector 20
PAST 20 · sector 19
HEALTH 76 · sector 94
DIVIDEND 10 · 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 Do-Fluoride New Materials Co (002407) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥3.22 versus a price of ¥36.54, about −91% (overvalued).
What is the fair value of 002407?
Our model-based fair value for Do-Fluoride New Materials Co is ¥3.22 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥36.54.
What is the quality score of 002407?
Do-Fluoride New Materials Co has a Quality Score of 42/100. 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 Do-Fluoride New Materials Co (002407)?
Do-Fluoride New Materials Co reported trailing-twelve-month revenue of about 10.6B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002407?
The net profit margin of Do-Fluoride New Materials Co is about 5.0%, meaning it keeps roughly 5.0% of revenue as net income. Based on the latest reported figures.
Does Do-Fluoride New Materials Co pay a dividend?
Do-Fluoride New Materials Co currently shows a dividend yield of about 0.50% relative to its recent price (as of Jul 22, 2026).

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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