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Zhejiang Zhongcheng Packing Material Co (002522) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 6.7B CNY

ZZ Zhejiang Zhongcheng Packing Material Co 002522 · SHE
Price¥4.99
Fair Value¥1.18
Upside-76.4%
Quality60/100
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Mixed Growth
Thin margins · 3.6% net margin
Low debt · generates free cash flow
0.27% dividend yield
Trails peers (3/14)
Narrow moat 26/100
Evidence: High Range ¥0.8200 – ¥1.37 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price −12.6% over the past month.

A solid business, but screening 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.37). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥8.60 ¥2.86 Fair Value ¥1.18 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 ¥2.86 – ¥8.60 · fair‑value band ¥0.8200 – ¥1.37 · the ¥4.99 price screens above the ¥1.18 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

Zhejiang Zhongcheng Packing Material Co (002522) currently trades at ¥4.99, while our model-based Fair Value estimate is ¥1.18, implying the stock looks roughly 76.4% overvalued today. The Quality Score stands at 60/100 (solid 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: high).

Over the trailing twelve months, Zhejiang Zhongcheng Packing Material Co generated revenue of 1.6B CNY at a net margin of 3.6%. Revenue grew 11.7% year over year. It earns a return on equity of 0.5%. Net debt stands at 27.7M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥0.8200 (bear case) to ¥1.37 (bull case); at ¥4.99, 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 -22% fair-value upside, at -76%, 002522 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
Growth DCF ¥1.70 ¥2.37 ¥3.38 80
Residual Income ¥1.81 ¥1.76 ¥1.44 76
Rev-Margin DCF ¥1.40 ¥1.87 ¥2.45 74
All 26 models by family
DCF Models
FCF DCF ¥1.70 ¥2.39 ¥3.46 38
Owner Earnings ¥3.10 ¥4.64 ¥7.03 31
5Y Revenue Exit ¥1.40 ¥1.87 ¥2.47 39
5Y EBITDA Exit ¥2.09 ¥3.21 ¥4.55 41
5Y P/E Exit ¥1.44 ¥1.94 ¥2.49 38
10Y Revenue Exit ¥1.48 ¥1.93 ¥2.56 36
10Y EBITDA Exit ¥1.93 ¥2.86 ¥4.17 37
10Y P/E Exit ¥1.52 ¥1.99 ¥2.58 35
Earnings-Based
Graham-Dodd ¥0.4400 ¥1.61 ¥2.17 54
Lynch FV ¥0.3800 ¥0.5500 ¥0.7100 50
PEG = 1.0 ¥0.3800 ¥0.5500 ¥0.7100 46
EPV ¥1.03 ¥1.11 ¥1.17 59
Dividend Discount
Gordon GGM ¥0.4900 ¥0.9800 ¥1.49 70
DDM Multi-Stage ¥0.4900 ¥0.8500 ¥1.04 61
Multiples
P/E Multiple ¥0.8200 ¥1.09 ¥1.37 63
P/S Multiple ¥0.8200 ¥1.09 ¥1.37 58
P/B Multiple ¥0.8200 ¥1.09 ¥1.37 55
EV/EBIT ¥1.37 ¥1.64 ¥1.91 53
EV/EBITDA ¥2.49 ¥3.14 ¥3.78 54
EV/Revenue ¥1.26 ¥1.56 ¥1.86 43
Asset-Based
NCAV (Graham) ¥1.28 ¥1.71 ¥2.56 50
Growth DCF
Growth DCF ¥1.70 ¥2.37 ¥3.38 80
Rev-Margin DCF ¥1.40 ¥1.87 ¥2.45 74
Economic Profit
Residual Income ¥1.81 ¥1.76 ¥1.44 76
ROIC Compounder ¥1.03 ¥1.11 ¥1.17 72
Growth Earnings
Growth-Adj P/E ¥0.6300 ¥0.9100 ¥1.18 68

Widest divergence: DCF Models (¥1.99) versus Earnings-Based (¥0.5500). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +11.7%
Net margin 3.6%
Return on equity 0.5%
Free cash flow 91.4M CNY FY2025
P/E ratio 123.5
More key figures
Operating margin 3.7%
EPS (TTM) ¥0.0600
Dividend yield 0.3%
Net debt 27.7M CNY FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 39

Profitability 23
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 24
Distance to the 52-week high (market factor)
Net Issuance 91
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

Zhejiang Zhongcheng Packing Material Co., Ltd. engages in the research, design, production, sale, and after-sales servicing of polyolefin shrink films. It offers normal POF, cross-linked polyolefin, printing film, and lidding barrier shrink films, as well as packaging solutions and other products.

Full company description

Zhejiang Zhongcheng Packing Material Co., Ltd. engages in the research, design, production, sale, and after-sales servicing of polyolefin shrink films. It offers normal POF, cross-linked polyolefin, printing film, and lidding barrier shrink films, as well as packaging solutions and other products. The company was founded in 1996 and is headquartered in Jiashan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Zhongcheng Packing Material Co reported revenue of ¥1.6B in FY2025 versus ¥1.8B in FY2021, a compound −2.7%/yr. Reported net income was ¥58.3M in FY2025, compounding −24.3%/yr from FY2021.

Growth Quality 51/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
−6.0%
Avg. growth/yr (3Y)
−5.2%
Avg. growth/yr (5Y)
+2.1%
Avg. growth/yr (18Y)
+8.3%
Revenue −2.7%/yr
FY21 ¥1.8B
FY22 ¥1.9B
FY23 ¥1.7B
FY24 ¥1.7B
FY25 ¥1.6B
Net income −24.3%/yr
FY21 ¥178M
FY22 ¥153M
FY23 ¥104M
FY24 ¥74.2M
FY25 ¥58.3M

002522 screens 76% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Zhejiang Zhongcheng Packing Material Co Fair Value". https://www.fairvalue-calculator.com/stock/002522

Peer Group

Packaging & Containers · 273 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 60 · Above median
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 12% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.02× · Lower than 75% of peers

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 123.5× · Pricier than 75% of peers
P/B 2.90× · Pricier than 75% of peers
P/S (TTM) 4.07× · Pricier than 75% of peers
P/FCF 10.9× · Pricier than 75% of peers
EV/EBITDA 28.7× · 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 9
FUTURE 59 · sector 1
PAST 2 · sector 21
HEALTH 99 · sector 92
DIVIDEND 5 · sector 42

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 Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
ShenZhen YUTO Packaging Technology Co 002831 ¥29.10 ¥20.88 -28%
SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Zhejiang Zhongcheng Packing Material Co (002522) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥1.18 versus a price of ¥4.99, about −76% (overvalued).
What is the fair value of 002522?
Our model-based fair value for Zhejiang Zhongcheng Packing Material Co is ¥1.18 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥4.99.
What is the quality score of 002522?
Zhejiang Zhongcheng Packing Material Co has a Quality Score of 60/100. 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 Zhejiang Zhongcheng Packing Material Co (002522)?
Zhejiang Zhongcheng Packing Material Co reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002522?
The net profit margin of Zhejiang Zhongcheng Packing Material Co is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Zhongcheng Packing Material Co pay a dividend?
Zhejiang Zhongcheng Packing Material Co currently shows a dividend yield of about 0.27% 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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