C&S Paper Co (002511) Fair Value & Analysis

Consumer Defensive · CN · Market cap 9.0B CNY

A solid business, but screening 28% overvalued on our models.

What matters now

• A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
• The price sits above even our optimistic bull case (¥6.50). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

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 ¥5.93 – ¥33.15 · fair‑value band ¥3.90 – ¥6.50 · the ¥7.27 price screens above the ¥5.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

C&S Paper Co (002511) currently trades at ¥7.27, while our model-based Fair Value estimate is ¥5.20, implying the stock looks roughly 28.5% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Consumer Defensive 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, C&S Paper Co generated revenue of 8.9B CNY at a net margin of 4.0%. Revenue grew 6.3% year over year. It earns a return on equity of 6.4%. The balance sheet holds a net cash position of 169M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥3.90 (bear case) to ¥6.50 (bull case); at ¥7.27, 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 21% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -28%, 002511 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.

Widest divergence: DCF Models (¥11.93) versus Dividend Discount (¥1.22). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

C&S Paper Co.,Ltd manufactures and sells household paper products in Mainland China. The company offers paper rolls, tissue boxes, facial tissues, scented paper handkerchiefs, wipes, non-woven products, personal care products, baby diapers, cotton tissues, etc.

Full company description

C&S Paper Co.,Ltd manufactures and sells household paper products in Mainland China. The company offers paper rolls, tissue boxes, facial tissues, scented paper handkerchiefs, wipes, non-woven products, personal care products, baby diapers, cotton tissues, etc. It also sells medical devices, disposable medical and hygiene products, disinfectants, kitchenware, sanitary ware, daily sundries, non-woven fabrics and products, wood pulp, auxiliary materials, packaging materials, and baby products, as well as provides warehousing services. In addition, the company engages in wholesale, retail, and online sales of food; plastic, rubber, and metal products; textiles; and cosmetics. Further, the company engages in import and export goods or technology. It provides products under the Jie Rou, Duo Lei Mi, Sun, Jie Shi Jia, Jie Rou Mian Zi, Yue Yi Rou, Xin Mian Chu Bai, and Rou Ke Shi brand name. C&S Paper Co.,Ltd is based in Zhongshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

C&S Paper Co reported revenue of ¥8.8B in FY2025 versus ¥9.1B in FY2021, a compound −1.0%/yr. Reported net income was ¥319M in FY2025, compounding −13.9%/yr from FY2021.

002511 screens 28% overvalued. Compare with The Procter & Gamble Company →

Peer Group

Household & Personal Products · 244 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.

Valuation Multiples vs Household & Personal Products median · lower = cheaper

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: 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.