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Jiangsu Asia-Pacific Light Alloy Technology Co (002540) Fair Value & Analysis

Basic Materials · CN · Market cap 6.5B CNY

JA Jiangsu Asia-Pacific Light Alloy Technology Co 002540 · SHE
Price¥5.09
Fair Value¥5.63
Upside+10.6%
Quality49/100
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Mixed Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
3.43% dividend yield
Mixed vs. peers (6/14)
Narrow moat 32/100
Evidence: High Range ¥3.85 – ¥7.86 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price +5.8% over the past month.

Below-average quality, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (¥3.85 to ¥7.86) leaves room in how you read the outcome.
  • Our model range runs from ¥3.85 (bear) to ¥7.86 (bull), base ¥5.63. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥8.00 ¥3.17 Fair Value ¥5.63 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 ¥3.17 – ¥8.00 · fair‑value band ¥3.85 – ¥7.86 · the ¥5.09 price screens below the ¥5.63 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 Asia-Pacific Light Alloy Technology Co (002540) currently trades at ¥5.09, while our model-based Fair Value estimate is ¥5.63, implying the stock looks roughly 10.6% undervalued today. The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Jiangsu Asia-Pacific Light Alloy Technology Co generated revenue of 8.6B CNY at a net margin of 4.3%. Revenue grew 16.5% year over year. It earns a return on equity of 6.6%. Net debt stands at 621M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥3.85 (bear case) to ¥7.86 (bull case); at ¥5.09, 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 37% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 19% fair-value upside, at 11%, 002540 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 ¥0.8600 ¥1.77 ¥3.27 80
Residual Income ¥3.72 ¥4.00 ¥4.44 76
Rev-Margin DCF ¥2.54 ¥5.25 ¥8.85 74
All 26 models by family
DCF Models
FCF DCF ¥0.8800 ¥1.91 ¥3.70 38
Owner Earnings ¥4.55 ¥8.68 ¥15.84 31
5Y Revenue Exit ¥2.54 ¥5.39 ¥9.42 39
5Y EBITDA Exit ¥2.82 ¥5.99 ¥10.11 41
5Y P/E Exit ¥3.01 ¥6.39 ¥10.40 38
10Y Revenue Exit ¥1.83 ¥4.32 ¥8.45 36
10Y EBITDA Exit ¥2.14 ¥4.76 ¥9.03 37
10Y P/E Exit ¥2.26 ¥5.05 ¥9.28 35
Earnings-Based
Graham-Dodd ¥2.52 ¥12.76 ¥17.63 54
Lynch FV ¥3.47 ¥4.95 ¥6.44 50
PEG = 1.0 ¥3.47 ¥4.95 ¥6.44 46
EPV ¥2.98 ¥3.50 ¥3.96 59
Dividend Discount
Gordon GGM ¥4.22 ¥8.41 ¥12.74 70
DDM Multi-Stage ¥4.22 ¥7.27 ¥8.88 61
Multiples
P/E Multiple ¥4.72 ¥6.29 ¥7.86 63
P/S Multiple ¥4.72 ¥6.29 ¥7.86 58
P/B Multiple ¥4.72 ¥6.29 ¥7.86 55
EV/EBIT ¥3.92 ¥5.34 ¥6.76 53
EV/EBITDA ¥4.07 ¥5.54 ¥7.01 54
EV/Revenue ¥3.35 ¥4.94 ¥6.52 43
Asset-Based
NCAV (Graham) ¥2.22 ¥2.98 ¥4.44 50
Growth DCF
Growth DCF ¥0.8600 ¥1.77 ¥3.27 80
Rev-Margin DCF ¥2.54 ¥5.25 ¥8.85 74
Economic Profit
Residual Income ¥3.72 ¥4.00 ¥4.44 76
ROIC Compounder ¥2.98 ¥3.50 ¥3.96 72
Growth Earnings
Growth-Adj P/E ¥4.73 ¥6.76 ¥8.78 68

Widest divergence: Dividend Discount (¥7.27) versus Growth DCF (¥1.77). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 8.6B CNY
Revenue growth (YoY) +16.5%
Net margin 4.3%
Return on equity 6.6%
Free cash flow 121M CNY FY2024
P/E ratio 18.5
More key figures
Operating margin 2.6%
EPS (TTM) ¥0.2800
Dividend yield 3.4%
EPS growth (YoY) -55.6%
Net debt 621M CNY FY2024

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

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 32

Profitability 41
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 60
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 Asia-Pacific Light Alloy Technology Co., Ltd. engages in the research and development, production, sale, and service of aluminum products in China and internationally. The company offers precision aluminum tubes, special profiles and high-precision bars, and other automotive and industrial aluminum extrusion extrusions.

Full company description

Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. engages in the research and development, production, sale, and service of aluminum products in China and internationally. The company offers precision aluminum tubes, special profiles and high-precision bars, and other automotive and industrial aluminum extrusion extrusions. Its produsts are used in aerospace, military-civilian integration, air conditioning, and marine industries. The company was formerly known as Jiangsu Yatal Aluminium Co., Ltd. and changed its name to Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. in September 2007. Jiangsu Asia-Pacific Light Alloy Technology Co., Ltd. was founded in 2001 and is based in Wuxi, China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Jiangsu Asia-Pacific Light Alloy Technology Co reported revenue of ¥7.4B in FY2024 versus ¥4.0B in FY2020, a compound +16.8%/yr. Reported net income was ¥463M in FY2024, compounding +6.7%/yr from FY2020.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
7.4B CNY
Latest YoY
+4.5%
Avg. growth/yr (3Y)
+7.3%
Avg. growth/yr (5Y)
+16.1%
Avg. growth/yr (17Y)
+14.2%
Revenue +16.8%/yr
FY20 ¥4.0B
FY21 ¥6.0B
FY22 ¥6.7B
FY23 ¥7.1B
FY24 ¥7.4B
Net income +6.7%/yr
FY20 ¥357M
FY21 ¥458M
FY22 ¥676M
FY23 ¥565M
FY24 ¥463M

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Cite: Fair Value Calculator (2026). "Jiangsu Asia-Pacific Light Alloy Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/002540

Peer Group

Aluminum · 83 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 49 · Below median
Fair Value upside +11% · Above median
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 3% · Bottom 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Aluminum median · lower = cheaper

P/E (TTM) 18.5× · Pricier than median
P/B 1.17× · Cheaper than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 8.0× · Pricier than median
EV/EBITDA 10.6× · Pricier than median

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 47 · sector 15
FUTURE 83 · sector 26
PAST 26 · sector 30
HEALTH 89 · sector 91
DIVIDEND 69 · sector 33

Insider activity: 40/100

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

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥18.54 ¥26.70 +44%
China Hongqiao Group 1378 HK$24.54 HK$45.53 +86%
Hindalco Industries Limited HINDALCO ₹955.80 ₹1,026 +7%
Aluminum Corporation 601600 ¥8.11 ¥12.58 +55%
Norsk Hydro ASA NHY kr 84.96 kr 58.10 -32%
Press Metal Aluminium Holdings 8869 8.02 MYR 3.88 MYR -52%
Alcoa Corporation AAI A$70.60 A$49.53 -30%
Yunnan Aluminium Co 000807 ¥25.12 ¥29.68 +18%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥25.51 ¥30.28 +19%
Tianshan Aluminum Group 002532 ¥11.99 ¥21.86 +82%

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Frequently asked questions

Is Jiangsu Asia-Pacific Light Alloy Technology Co (002540) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥5.63 versus a price of ¥5.09, about +11% (undervalued).
What is the fair value of 002540?
Our model-based fair value for Jiangsu Asia-Pacific Light Alloy Technology Co is ¥5.63 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥5.09.
What is the quality score of 002540?
Jiangsu Asia-Pacific Light Alloy Technology Co has a Quality Score of 49/100. 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 Asia-Pacific Light Alloy Technology Co (002540)?
Jiangsu Asia-Pacific Light Alloy Technology Co reported trailing-twelve-month revenue of about 8.6B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002540?
The net profit margin of Jiangsu Asia-Pacific Light Alloy Technology Co is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Asia-Pacific Light Alloy Technology Co pay a dividend?
Jiangsu Asia-Pacific Light Alloy Technology Co currently shows a dividend yield of about 3.43% 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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