Zhe Jiang Kangsheng Co Ltd (002418) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Zhe Jiang Kangsheng Co Ltd stock ¥0.38, price ¥3.57, upside -89.4%, quality 50 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range ¥1.55 – ¥6.81 · fair‑value band ¥0.2800 – ¥0.6100 · the ¥3.57 price screens above the ¥0.3800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 29, 2026.
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Zhe Jiang Kangsheng Co.,Ltd. engages in the research and development, production, and sale of refrigeration pipelines and accessories, and new energy commercial vehicles in China and internationally.
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The company offers refrigeration steel, aluminum, and copper tubes, pipes, and accessories; air-conditioning heat exchanger products and parts; aluminum sheets; and condensers and evaporators.
It also provides pure electric tourist buses, pure electric buses, pure electric logistics vehicles, hydrogen fuel cell buses, pure electric touring cars, pure electric airport shuttle buses, articulated vehicles, and special vehicles, such as logistics vehicles, road maintenance vehicles, refrigerated vehicles, muck trucks, and sanitation vehicles; and financing lease, small loans, and other financial services.
In addition, the company offers copper alloy materials, such as magnesium-copper alloy, tin-copper alloy, silver-copper alloy, oxygen-free copper, and other multi-alloy materials, which are used in new energy vehicles, aerospace, medical treatment, and consumer electronics industries.
Zhe Jiang Kangsheng Co.,Ltd. was founded in 1996 and is headquartered in Chunan, China.
Stock analysis
Zhe Jiang Kangsheng Co Ltd (002418) currently trades at ¥3.57, while our model-based Fair Value estimate is ¥0.3800, 89.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ¥0.5700 per share, and 0 of the 16 models we run sit above the ¥3.57 price.
Bear case: the Asset-Based group reads lowest at ¥0.1400, and 16 of the 16 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥0.2800 (bear) to ¥0.6100 (bull), the price of ¥3.57 sits above 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 50/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Zhe Jiang Kangsheng Co Ltd reported revenue of 2.8B CNY in FY2025 versus 2.4B CNY in FY2021, a compound +4.5%/yr. Reported net income was 25.1M CNY in FY2025, compounding −9.5%/yr from FY2021.
Key figures
Market cap 4.1B CNY (≈ $610M) Small · P/E ratio 178.5 · P/S ratio 1.34 · EPS (TTM) ¥0.0200 · Dividend yield 0.4% · Net margin 0.8% · Return on equity 1.7% · Return on assets (EBIT) 0.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 17 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −89%, 002418 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1400 to ¥3.49). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥0.2800Fair Value ¥0.3800Bull¥0.6100
Price ¥3.57 · Upside -89.4%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0166 per share) are deliberately not added.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.34/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+8.2%
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.
−3.5%
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.
+3.8%
Start year 2020 (pandemic). Over 10 years: +2.6% a year
Revenue growth 18 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.
+9.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.5%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.5% vs −16.3%, picking up
Profit margin 2020 to 2025 ⓘ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.3% → 3%
Compare Zhe Jiang Kangsheng Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Steel · 407 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Above median
Fair Value upside−89.4% · Bottom 25%
Profitability
Return on equity (12 months)1.7% · Below median
Return on assets0.8% · Below median
Net margin (12 months)0.8% · Below median
Operating margin (12 months)1.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)60.1% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/E (12 months)178.5× · Priciest 25%
P/B2.80× · Priciest 25%
P/S (12 months)1.34× · Pricier than median
EV/EBITDA36.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 24
FUTURE (revenue growth)100· sector 34
PAST (return on equity)7· sector 18
HEALTH (low debt)96· sector 95
DIVIDEND (yield)8· sector 51
VALUE 0: the price sits above our fair-value range.
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). "Zhe Jiang Kangsheng Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002418
Frequently asked questions
Is Zhe Jiang Kangsheng Co Ltd (002418) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of ¥0.3800 versus a price of ¥3.57, about −89% upside (overvalued).
What is the fair value of 002418?
Our model-based fair value for Zhe Jiang Kangsheng Co Ltd is ¥0.3800 (as of Oct 29, 2026), built from audited fundamentals. The current price: ¥3.57.
What is the quality score of 002418?
Zhe Jiang Kangsheng Co Ltd has a Quality Score of 50/100. 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 Zhe Jiang Kangsheng Co Ltd (002418)?
Our model-based price target is the fair value of ¥0.3800 (as of Oct 29, 2026) from 16 valuation models. Cautious scenario ¥0.2800, optimistic scenario ¥0.6100. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhe Jiang Kangsheng Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.3800, about −89% upside versus a price of ¥3.57 (overvalued). Cautious scenario ¥0.2800, optimistic scenario ¥0.6100. The calculation is refreshed regularly with new filings.
What is the revenue of Zhe Jiang Kangsheng Co Ltd (002418)?
Zhe Jiang Kangsheng Co Ltd reported trailing-twelve-month revenue of about 3.0B CNY (latest available figure, as of Oct 29, 2026).
Does Zhe Jiang Kangsheng Co Ltd pay a dividend?
Zhe Jiang Kangsheng Co Ltd currently shows a dividend yield of 0.40% relative to its recent price (as of Oct 29, 2026).
What is the intrinsic value of Zhe Jiang Kangsheng Co Ltd (002418)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhe Jiang Kangsheng Co Ltd it is ¥0.3800 per share (as of Oct 29, 2026), against a price of ¥3.57. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Zhe Jiang Kangsheng Co Ltd stock overvalued or undervalued in 2026?
As of Oct 29, 2026, 002418 trades above its calculated fair value: price ¥3.57, fair value ¥0.3800, a gap of about −89% (overvalued). 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 002418?
No. The price is what the market pays today (¥3.57); the fair value is what the company's own numbers justify (¥0.3800). For Zhe Jiang Kangsheng Co Ltd the two are ¥3.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhe Jiang Kangsheng Co Ltd worth?
The market values Zhe Jiang Kangsheng Co Ltd at about 4.1B CNY (market capitalisation, as of Oct 29, 2026). Per share that is ¥3.57; our models calculate a fair value of ¥0.3800 per share.
What do the bullish and bearish scenarios say about 002418?
Our models span a range for Zhe Jiang Kangsheng Co Ltd: cautious scenario ¥0.2800, base ¥0.3800, optimistic ¥0.6100 per share (as of Oct 29, 2026, price ¥3.57). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002418?
Zhe Jiang Kangsheng Co Ltd trades at a price-to-earnings ratio of 178.5 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥0.3800 is built from several models across several years. Other multiples: P/B 2.8, P/S 1.3, EV/EBITDA 36.9.
How solid is the balance sheet of Zhe Jiang Kangsheng Co Ltd (002418)?
Balance-sheet figures for Zhe Jiang Kangsheng Co Ltd (as of Oct 29, 2026): return on equity 1.7%, debt of 0.08 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 002418 from its 52-week high?
Zhe Jiang Kangsheng Co Ltd trades at ¥3.57, about 48% below its 52-week high of ¥6.81 and 14% above the low of ¥3.12 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.3800 is for.
Which stocks are comparable to Zhe Jiang Kangsheng Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Zhe Jiang Kangsheng Co Ltd stock attractive at the current price?
The data as of Oct 29, 2026: price ¥3.57, calculated fair value ¥0.3800 (−89%), Quality Score 50/100, from 16 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 002418 calculated?
We run Zhe Jiang Kangsheng Co Ltd through 16 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 ¥0.3800, 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 13.1 % above its aggregate fair value. Zhe Jiang Kangsheng 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 Zhe Jiang Kangsheng Co Ltd (002418)?
The closing price on Oct 29, 2026 was ¥3.57. Our model-based fair value is ¥0.3800, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhe Jiang Kangsheng Co Ltd right now?
The price sits above even our optimistic bull case (¥0.6100). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥0.2800 to ¥0.6100) leaves room in how you read the outcome.
Key figures of Zhe Jiang Kangsheng Co Ltd
How large is the market capitalisation of Zhe Jiang Kangsheng Co Ltd (002418)?
The market capitalisation of Zhe Jiang Kangsheng Co Ltd is 4.1B CNY (≈ $610M). 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 Zhe Jiang Kangsheng Co Ltd (002418)?
The price-to-sales ratio of Zhe Jiang Kangsheng Co Ltd is 1.34 (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 Zhe Jiang Kangsheng Co Ltd (002418)?
Earnings per share at Zhe Jiang Kangsheng Co Ltd are ¥0.0200 (price ÷ EPS = P/E 178.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhe Jiang Kangsheng Co Ltd (002418)?
The dividend yield of Zhe Jiang Kangsheng Co Ltd is 0.4% (payout 71.2%). 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 Zhe Jiang Kangsheng Co Ltd (002418)?
The net margin of Zhe Jiang Kangsheng Co Ltd is 0.8% (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 Zhe Jiang Kangsheng Co Ltd (002418)?
The return on equity (ROE) of Zhe Jiang Kangsheng Co Ltd is 1.7% (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 Zhe Jiang Kangsheng Co Ltd (002418)?
On an EBIT basis the return on assets of Zhe Jiang Kangsheng Co Ltd is 0.9% (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 Zhe Jiang Kangsheng Co Ltd (002418)?
The operating margin of Zhe Jiang Kangsheng Co Ltd is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhe Jiang Kangsheng Co Ltd (002418)?
Revenue at Zhe Jiang Kangsheng Co Ltd is growing +60.1% versus a year earlier (3y avg −3.5%). 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 Zhe Jiang Kangsheng Co Ltd (002418)?
Earnings per share at Zhe Jiang Kangsheng Co Ltd are growing −60.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhe Jiang Kangsheng Co Ltd (002418) generate?
The free cash flow of Zhe Jiang Kangsheng Co Ltd is −191M 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 Zhe Jiang Kangsheng Co Ltd (002418) carry?
The net debt of Zhe Jiang Kangsheng Co Ltd is 589M 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.
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Oct 29, 2026