Shanghai Nar Industrial Co Ltd (002825) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shanghai Nar Industrial Co Ltd stock ¥7.39, price ¥7.99, that is 7.5% below the price, quality 50 out of 100. Rating: fairly valued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥4.92 – ¥13.23 · fair‑value band ¥5.79 – ¥8.99 · the ¥7.99 price screens above the ¥7.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Shanghai NAR Industrial Co., Ltd. develops, produces, and sells digital printing materials, automotive functional films, and optical and electronic functional films in China.
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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.
Stock analysis
Shanghai Nar Industrial Co Ltd (002825) currently trades at ¥7.99, while our model-based Fair Value estimate is ¥7.39, so the stock looks roughly fairly valued today (gap 8.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥8.68 per share, and 4 of the 16 models we run sit above the ¥7.99 price.
Bear case: the Dividend Discount group reads lowest at ¥1.94, and 12 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥5.79 (bear) to ¥8.99 (bull), the price of ¥7.99 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shanghai Nar Industrial Co Ltd reported revenue of 2.0B CNY in FY2025 versus 1.8B CNY in FY2021, a compound +3.0%/yr. Reported net income was 141M CNY in FY2025, compounding +23.0%/yr from FY2021.
Key figures
Market cap 2.7B CNY (≈ $409M) Small · P/E ratio 42.1 · P/S ratio 1.19 · EPS (TTM) ¥0.1900 · Dividend yield 1.5% · Net margin 2.8% · Return on equity 5.1% · Return on assets (EBIT) 7.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 36% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −15% fair-value upside, at −8%, 002825 screens cheaper than that median.
Fair Value models
Bear¥5.79Fair Value ¥7.39Bull¥8.99
Price ¥7.99 · Downside -7.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0598 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+27.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.5%
Dividend (yield on the price)1.5%
Per share before 2023divided by the spin-off factor 1.3997
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.25.5% vs 7.2%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 5%
Compare Shanghai Nar Industrial Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Business Services · 230 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−7.5% · Below median
Profitability
Return on equity (12 months)5.1% · Below median
Return on assets5.0% · Above median
Net margin (12 months)2.8% · Below median
Operating margin (12 months)5.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.7% · Top 25%
Dividend yield (12 months)1.5% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shanghai Nar Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002825
Frequently asked questions
Is Shanghai Nar Industrial Co Ltd (002825) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥7.39 versus a price of ¥7.99, about 8% lower (fairly valued).
What is the fair value of 002825?
Our model-based fair value for Shanghai Nar Industrial Co Ltd is ¥7.39 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥7.99.
What is the quality score of 002825?
Shanghai Nar Industrial Co Ltd has a Quality Score of 50/100. 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 price target for Shanghai Nar Industrial Co Ltd (002825)?
Our model-based price target is the fair value of ¥7.39 (as of Nov 8, 2026) from 16 valuation models. Cautious scenario ¥5.79, optimistic scenario ¥8.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Nar Industrial Co Ltd stock forecast for 2026?
Our models put fair value at ¥7.39, about 8% lower versus a price of ¥7.99 (fairly valued). Cautious scenario ¥5.79, optimistic scenario ¥8.99. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Nar Industrial Co Ltd (002825)?
Shanghai Nar Industrial Co Ltd reported trailing-twelve-month revenue of about 2.3B CNY (latest available figure, as of Nov 8, 2026).
Does Shanghai Nar Industrial Co Ltd pay a dividend?
Shanghai Nar Industrial Co Ltd currently shows a dividend yield of 1.50% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Shanghai Nar Industrial Co Ltd (002825) and when is the ex-dividend date?
Shanghai Nar Industrial Co Ltd pays a dividend of ¥0.12 per share a year, a dividend yield of 1.5%. The last ex-dividend date was Jun 22, 2026. A dividend has been paid every year since at least 2017. The payout ratio is 63.2% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Shanghai Nar Industrial Co Ltd (002825)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Nar Industrial Co Ltd it is ¥7.39 per share (as of Nov 8, 2026), against a price of ¥7.99. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shanghai Nar Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 002825 trades above its calculated fair value: price ¥7.99, fair value ¥7.39, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002825?
No. The price is what the market pays today (¥7.99); the fair value is what the company's own numbers justify (¥7.39). For Shanghai Nar Industrial Co Ltd the two are ¥0.6000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Nar Industrial Co Ltd worth?
The market values Shanghai Nar Industrial Co Ltd at about 2.7B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥7.99; our models calculate a fair value of ¥7.39 per share.
What do the bullish and bearish scenarios say about 002825?
Our models span a range for Shanghai Nar Industrial Co Ltd: cautious scenario ¥5.79, base ¥7.39, optimistic ¥8.99 per share (as of Nov 8, 2026, price ¥7.99). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002825?
Shanghai Nar Industrial Co Ltd trades at a price-to-earnings ratio of 42.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥7.39 is built from several models across several years. Other multiples: P/B 1.7, P/S 1.2, EV/EBITDA 14.3.
How solid is the balance sheet of Shanghai Nar Industrial Co Ltd (002825)?
Balance-sheet figures for Shanghai Nar Industrial Co Ltd (as of Nov 8, 2026): return on equity 5.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is 002825 from its 52-week high?
Shanghai Nar Industrial Co Ltd trades at ¥7.99, about 36% below its 52-week high of ¥12.57 and 7% above the low of ¥7.46 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.39 is for.
Which stocks are comparable to Shanghai Nar Industrial Co Ltd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shanghai Nar Industrial Co Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price ¥7.99, calculated fair value ¥7.39 (−8%), Quality Score 50/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002825 calculated?
We run Shanghai Nar Industrial Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥7.39 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Shanghai Nar Industrial Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shanghai Nar Industrial Co Ltd (002825)?
The closing price on Nov 6, 2026 was ¥7.99. Our model-based fair value is ¥7.39, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Nar Industrial Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Shanghai Nar Industrial Co Ltd (002825) come from?
Earnings per share at Shanghai Nar Industrial Co Ltd grew +9.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.8 %, EBIT margin +2.4 %, tax rate +0.4 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shanghai Nar Industrial Co Ltd
How large is the market capitalisation of Shanghai Nar Industrial Co Ltd (002825)?
The market capitalisation of Shanghai Nar Industrial Co Ltd is 2.7B CNY (≈ $409M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shanghai Nar Industrial Co Ltd (002825)?
The price-to-sales ratio of Shanghai Nar Industrial Co Ltd is 1.19 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shanghai Nar Industrial Co Ltd (002825)?
Earnings per share at Shanghai Nar Industrial Co Ltd are ¥0.1900 (price ÷ EPS = P/E 42.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Nar Industrial Co Ltd (002825)?
The dividend yield of Shanghai Nar Industrial Co Ltd is 1.5% (payout 63.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shanghai Nar Industrial Co Ltd (002825)?
The net margin of Shanghai Nar Industrial Co Ltd is 2.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shanghai Nar Industrial Co Ltd (002825)?
The return on equity (ROE) of Shanghai Nar Industrial Co Ltd is 5.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shanghai Nar Industrial Co Ltd (002825)?
On an EBIT basis the return on assets of Shanghai Nar Industrial Co Ltd is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shanghai Nar Industrial Co Ltd (002825)?
The operating margin of Shanghai Nar Industrial Co Ltd is 5.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Nar Industrial Co Ltd (002825)?
Revenue at Shanghai Nar Industrial Co Ltd is growing +19.7% versus a year earlier (3y avg +7.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shanghai Nar Industrial Co Ltd (002825)?
Earnings per share at Shanghai Nar Industrial Co Ltd are growing −15.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Nar Industrial Co Ltd (002825) generate?
The free cash flow of Shanghai Nar Industrial Co Ltd is −97.6M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Shanghai Nar Industrial Co Ltd (002825) hold?
Shanghai Nar Industrial Co Ltd holds more cash than debt, 336M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026