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Jiangsu Baichuan High-Tech New Materials Co (002455) Fair Value & Analysis

Basic Materials · CN · Market cap 6.1B CNY

JB Jiangsu Baichuan High-Tech New Materials Co 002455 · SHE
Price¥7.05
Fair Value¥5.90
Upside-16.3%
Quality40/100
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Mixed Growth
Loss-making · -2.3% net margin
Moderate debt · generates free cash flow
Trails peers (4/12)
Narrow moat 23/100
Evidence: High Range ¥1.18 – ¥10.80 Share as image

Fair value as of: Jul 22, 2026

From 8 valuation models · updated 19 days ago

Fair value updated Jul 22, 2026, revised from ¥7.44 to ¥5.90 (−20.7%) since Jun 25, 2026. Share price −0.1% over the past month.

Below-average quality, and screening another 16% overvalued on our models.

What matters now

  • Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (¥1.18 to ¥10.80). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

¥25.56 ¥3.76 Fair Value ¥5.90 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 ¥3.76 – ¥25.56 · fair‑value band ¥1.18 – ¥10.80 · the ¥7.05 price screens above the ¥5.90 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 Baichuan High-Tech New Materials Co (002455) currently trades at ¥7.05, while our model-based Fair Value estimate is ¥5.90, implying the stock looks roughly 16.3% overvalued today. The Quality Score stands at 40/100 (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 Baichuan High-Tech New Materials Co generated revenue of 5.8B CNY at a net margin of -2.3%. Revenue grew 0.4% year over year. It earns a return on equity of -11.1%. Net debt stands at 5.0B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥1.18 (bear case) to ¥10.80 (bull case); at ¥7.05, the current price sits within 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 59% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -16%, 002455 screens cheaper 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
Growth DCF ¥1.09 ¥2.80 80
Gordon GGM ¥3.24 ¥6.46 ¥9.78 70
DDM Multi-Stage ¥3.24 ¥5.58 ¥6.81 61
All 8 models by family
DCF Models
FCF DCF ¥1.14 ¥2.97 38
5Y EBITDA Exit ¥3.05 ¥7.26 ¥12.40 41
10Y EBITDA Exit ¥1.90 ¥5.24 ¥10.08 37
Dividend Discount
Gordon GGM ¥3.24 ¥6.46 ¥9.78 70
DDM Multi-Stage ¥3.24 ¥5.58 ¥6.81 61
Multiples
EV/EBITDA ¥5.44 ¥7.89 ¥10.34 54
Asset-Based
NCAV (Graham) ¥1.24 ¥1.66 ¥2.48 50
Growth DCF
Growth DCF ¥1.09 ¥2.80 80

Widest divergence: Multiples (¥7.89) versus Growth DCF (¥1.09). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.8B CNY
Revenue growth (YoY) +0.4%
Net margin -2.3%
Return on equity -11.1%
Free cash flow 119M CNY FY2025
Operating margin 4.7%
More key figures
EPS (TTM) ¥-0.2200
EPS growth (YoY) -50.0%
Net debt 5.0B CNY FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 36 · Market factors (momentum, volatility) 36

Profitability 11
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 96
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 Baichuan High-Tech New Materials Co., Ltd. engages in the production and sale of chemical products in China and internationally.

Full company description

Jiangsu Baichuan High-Tech New Materials Co., Ltd. engages in the production and sale of chemical products in China and internationally. It offers n-butanol, octanol, mixed aldol, n-butyraldehyde, isobutyraldehyde, propane, n-butyl acetate, ethyl acetate, n-propyl acetate, alcohol ethers and their derivatives, anhydrides and their derivatives, neopentyl glycol, trimethylolpropane, ditrimethylolpropane, sodium formate, cyclic trimethylolpropane, acrylate, and insulating resin. It also provides needlecoke, anode material, cathode material, and Resource Utilization of Used Lithium Batteries. The company was formerly known as Wuxi Baichuan Chemical Industrial Co.,Ltd and changed its name to Jiangsu Baichuan High-Tech New Materials Co., Ltd. in March 2018. Jiangsu Baichuan High-Tech New Materials Co., Ltd. was founded in 2002 and is based in Jiangyin, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Baichuan High-Tech New Materials Co reported revenue of ¥5.8B in FY2025 versus ¥4.3B in FY2021, a compound +7.7%/yr. Reported net income was −¥108M in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.8B CNY
Latest YoY
+3.8%
Avg. growth/yr (3Y)
+11.8%
Avg. growth/yr (5Y)
+21.4%
Avg. growth/yr (19Y)
+9.1%
Revenue +7.7%/yr
FY21 ¥4.3B
FY22 ¥4.1B
FY23 ¥4.1B
FY24 ¥5.6B
FY25 ¥5.8B
Net income
FY21 ¥226M
FY22 ¥136M
FY23 −¥466M
FY24 ¥109M
FY25 −¥108M

002455 screens 16% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Jiangsu Baichuan High-Tech New Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/002455

Peer Group

Specialty Chemicals · 676 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 40 · Bottom 25%
Fair Value upside −16% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 0% · Below median
Debt / equity 1.13× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.50× · Cheaper than 75% of peers
P/S (TTM) 0.16× · Cheaper than 75% of peers
P/FCF 7.6× · Pricier than median
EV/EBITDA 3.3× · Cheaper 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 12 · sector 0
FUTURE 2 · sector 19
PAST 0 · sector 23
HEALTH 43 · sector 95
DIVIDEND 0 · sector 25

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

Stock Price Fair Value vs Fair Value
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Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Jiangsu Baichuan High-Tech New Materials Co (002455) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥5.90 versus a price of ¥7.05, about −16% (overvalued).
What is the fair value of 002455?
Our model-based fair value for Jiangsu Baichuan High-Tech New Materials Co is ¥5.90 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥7.05.
What is the quality score of 002455?
Jiangsu Baichuan High-Tech New Materials Co has a Quality Score of 40/100. 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 Baichuan High-Tech New Materials Co (002455)?
Jiangsu Baichuan High-Tech New Materials Co reported trailing-twelve-month revenue of about 5.8B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002455?
The net profit margin of Jiangsu Baichuan High-Tech New Materials Co is about -2.3%, 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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