Shanghai NAR Industrial Co (002825) Fair Value & Analysis
Industrials · CN · Market cap 3.2B CNY
Fair value as of: Jul 22, 2026
From 17 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥7.39 to ¥7.01 (−5.1%) since Jun 25, 2026. Share price +2.5% over the past month.
A solid business, but screening 17% overvalued on our models.
What matters now
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from ¥5.26 (bear) to ¥8.76 (bull), base ¥7.01. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 50/100 (solid quality) with high evidence: the data supports the verdict.
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 ¥4.92 – ¥13.23 · fair‑value band ¥5.26 – ¥8.76 · the ¥8.45 price screens above the ¥7.01 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Shanghai NAR Industrial Co (002825) currently trades at ¥8.45, while our model-based Fair Value estimate is ¥7.01, implying the stock looks roughly 17.0% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Industrials 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, Shanghai NAR Industrial Co generated revenue of 2.0B CNY at a net margin of 4.4%. Revenue grew 13.6% year over year. It earns a return on equity of 5.8%. The balance sheet holds a net cash position of 336M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥5.26 (bear case) to ¥8.76 (bull case); at ¥8.45, 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 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at -17%, 002825 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.
All 17 models by family
Widest divergence: Growth Earnings (¥8.68) versus Dividend Discount (¥2.05). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 29
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
Shanghai NAR Industrial Co., Ltd. develops, produces, and sells digital printing materials, automotive functional films, and optical and electronic functional films in China.
Full company description
Shanghai NAR Industrial Co., Ltd. develops, produces, and sells digital printing materials, automotive functional films, and optical and electronic functional films in China. The company provides self-adhesive vinyl series, one-way vision films, cold laminating films, glass films, floor graphics, as well as decoration and functional materials, such as internal decoration films, wallpaper and wall graphics, release materials, paint protection films, paint wrapping color films, and optical and electronic functional films under the NAR, INFLEX, BN, NAR PPF, Yifan, INKBANK, PPFSHELL, NarPremium, Proflex, NAR hydrogen, and AIPRINT brand names. Its products have applications in indoor and outdoor advertising and decoration, paint printing film, and new energy. Shanghai NAR Industrial Co., Ltd. was founded in 2002 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai NAR Industrial Co reported revenue of ¥2.0B in FY2025 versus ¥1.8B in FY2021, a compound +3.0%/yr. Reported net income was ¥141M in FY2025, compounding +23.0%/yr from FY2021.
002825 screens 17% overvalued. Compare with Cintas Corporation →
Peer Group
Specialty Business Services · 255 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 Specialty Business Services 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.
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.
Similar stocks
10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cintas Corporation CTAS | $206.25 | $95.30 | -54% |
| RELX PLC RELX | $33.70 | $32.49 | -4% |
| Thomson Reuters Corporation TRI | C$133.87 | C$70.40 | -47% |
| Copart, Inc CPRT | $27.61 | $28.59 | +4% |
| Global Payments Inc GPN | $80.49 | $69.67 | -13% |
| RB Global, Inc RBA | C$156.43 | C$49.14 | -69% |
| Brambles Limited BXB | A$18.79 | A$12.28 | -35% |
| UL Solutions Inc ULS | $87.76 | $33.62 | -62% |
| Wolters Kluwer N.V WKL | €62.56 | €103.99 | +66% |
| Aramark ARMK | $56.74 | $13.73 | -76% |
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Frequently asked questions
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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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