Elite Color Environmental Resources (002998) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Elite Color Environmental Resources stock ¥4.26, price ¥6.81, that is 37.5% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 7, 2026.
How to read this chart
60‑month range ¥4.17 – ¥10.00 · fair‑value band ¥4.24 – ¥5.00 · the ¥6.81 price screens above the ¥4.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Elite Color Environmental Resources Science & Technology Co., Ltd. manufactures and sells polyester fiber and its products in China and internationally.
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It offers white, colored, black, and flame-retardent LMF; recycled white LMF, recycled black LMF, and recycled colored LMF; automotive interior trim material PSF; home and cotton textile PSF; Carpet and geotextile PSF; Scouring pad PSF; ES fiber; melt-blown non-woven fabric; flame-retardant PSF; hot melt and low melting yarn; and low melting fiber.
The company was founded in 2003 and is headquartered in Jiangyin, China.
Stock analysis
Elite Color Environmental Resources (002998) currently trades at ¥6.81, while our model-based Fair Value estimate is ¥4.26, 37% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ¥9.21 per share, and 10 of the 26 models we run sit above the ¥6.81 price.
Bear case: the Asset-Based group reads lowest at ¥1.23, and 16 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥4.24 (bear) to ¥5.00 (bull), the price of ¥6.81 sits above 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 58/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Elite Color Environmental Resources reported revenue of 2.7B CNY in FY2025 versus 1.6B CNY in FY2021, a compound +13.8%/yr. Reported net income was 52.1M CNY in FY2025, compounding −15.2%/yr from FY2021.
Key figures
Market cap 2.4B CNY (≈ $359M) Small · P/E ratio 24.3 · P/S ratio 0.85 · EPS (TTM) ¥0.2800 · Dividend yield 5.4% · Net margin 3.3% · Return on equity 5.5% · Return on assets (EBIT) 4.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −37%, 002998 screens cheaper than that median.
Fair Value models
Bear¥4.24Fair Value ¥4.26Bull¥5.00
Price ¥6.81 · Downside -37.5%
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.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.
Best data coverage
FCF DCF¥7.29¥13.27¥23.4077
Growth DCF¥7.09¥12.25¥20.0576
Residual Income¥3.31¥3.32¥3.4376
All 26 models by family
DCF Models
FCF DCF¥7.29¥13.27¥23.4077
Owner Earnings¥5.27¥9.78¥17.1673
5Y Revenue Exit¥3.80¥6.13¥9.1672
5Y EBITDA Exit¥5.30¥9.35¥14.4874
5Y P/E Exit¥3.42¥5.31¥7.4071
10Y Revenue Exit¥4.95¥7.58¥11.4666
10Y EBITDA Exit¥5.94¥9.80¥15.7167
10Y P/E Exit¥4.78¥7.02¥10.0464
Earnings-Based
Graham-Dodd¥1.00¥5.37¥7.4563
Lynch FV¥1.49¥2.12¥2.7661
PEG = 1.0¥1.49¥2.12¥2.7657
EPV¥1.40¥1.65¥1.8674
Dividend Discount
Gordon GGM¥4.90¥8.85¥12.2168
DDM Multi-Stage¥4.90¥8.07¥9.4567
Multiples
P/E Multiple¥1.87¥2.49¥3.1263
P/S Multiple¥1.87¥2.49¥3.1258
P/B Multiple¥5.96¥7.94¥9.9355
EV/EBIT¥2.25¥3.15¥4.0566
EV/EBITDA¥4.56¥6.24¥7.9167
EV/Revenue¥1.89¥2.89¥3.9053
Asset-Based
NCAV (Graham)¥0.8200¥1.23¥1.5455
Growth DCF
Growth DCF¥7.09¥12.25¥20.0576
Rev-Margin DCF¥3.80¥6.16¥9.3572
Economic Profit
Residual Income¥3.31¥3.32¥3.4376
ROIC Compounder¥1.40¥1.65¥1.8672
Growth Earnings
Growth-Adj P/E¥1.97¥2.82¥3.6667
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+16.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.8%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.7%
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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. Basis: EBIT basis.
−3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.2%
Dividend (yield on the price)5.4%
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.−16.3% vs −5.5%, slowing
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.12% → 3%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +0.9% a year for the price.
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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 Chemicals · 728 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−37.5% · Below median
Profitability
Return on equity (12 months)5.5% · Below median
Return on assets2.1% · Below median
Net margin (12 months)3.3% · Below median
Operating margin (12 months)8.3% · Below median
Growth and dividend
Revenue growth (quarter YoY)14.4% · Above median
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)24.3× · Pricier than median
P/B1.36× · Cheaper than median
P/S (12 months)0.85× · Cheaper than median
Price / free cash flow (fiscal year)11.4× · Cheaper than median
EV/EBITDA8.7× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)72· sector 67
PAST (return on equity)22· sector 27
HEALTH (low debt)88· sector 95
DIVIDEND (yield)100· sector 31
VALUE 0: the price sits above our fair-value range.
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). "Elite Color Environmental Resources Fair Value". https://www.fairvalue-calculator.com/stock/002998
Frequently asked questions
Is Elite Color Environmental Resources (002998) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥4.26 versus a price of ¥6.81, about 37% lower (overvalued).
What is the fair value of 002998?
Our model-based fair value for Elite Color Environmental Resources is ¥4.26 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥6.81.
What is the quality score of 002998?
Elite Color Environmental Resources has a Quality Score of 58/100. 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 Elite Color Environmental Resources (002998)?
Our model-based price target is the fair value of ¥4.26 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ¥4.24, optimistic scenario ¥5.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Elite Color Environmental Resources stock forecast for 2026?
Our models put fair value at ¥4.26, about 37% lower versus a price of ¥6.81 (overvalued). Cautious scenario ¥4.24, optimistic scenario ¥5.00. The calculation is refreshed regularly with new filings.
What is the revenue of Elite Color Environmental Resources (002998)?
Elite Color Environmental Resources reported trailing-twelve-month revenue of about 2.8B CNY (latest available figure, as of Nov 7, 2026).
Does Elite Color Environmental Resources pay a dividend?
Elite Color Environmental Resources currently shows a dividend yield of 5.43% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Elite Color Environmental Resources (002998) and when is the ex-dividend date?
Elite Color Environmental Resources pays a dividend of ¥0.37 per share a year, a dividend yield of 5.4%. The last ex-dividend date was Aug 3, 2026. The payout ratio is 132% of earnings. Free cash flow covers the dividend 1.60 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Elite Color Environmental Resources (002998)?
For today's price to be fair in a discounted-cash-flow model, Elite Color Environmental Resources would have to grow free cash flow by +2.6 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 002998 use?
Our models discount Elite Color Environmental Resources at 11.0 %: a base by market capitalisation (small), damped by beta 0.68, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Elite Color Environmental Resources that is +2.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Elite Color Environmental Resources (002998) delivered so far?
Over the past 5 years revenue at Elite Color Environmental Resources grew +14.8 % a year. The price currently implies free-cash-flow growth of +2.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Elite Color Environmental Resources (002998) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Elite Color Environmental Resources (+2.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Elite Color Environmental Resources (002998)?
The free-cash-flow yield on the price is 8.78 %: that much free cash flow Elite Color Environmental Resources produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Elite Color Environmental Resources (002998)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elite Color Environmental Resources it is ¥4.26 per share (as of Nov 7, 2026), against a price of ¥6.81. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Elite Color Environmental Resources stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 002998 trades above its calculated fair value: price ¥6.81, fair value ¥4.26, a gap of about −37% (overvalued). 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 002998?
No. The price is what the market pays today (¥6.81); the fair value is what the company's own numbers justify (¥4.26). For Elite Color Environmental Resources the two are ¥2.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Elite Color Environmental Resources worth?
The market values Elite Color Environmental Resources at about 2.4B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥6.81; our models calculate a fair value of ¥4.26 per share.
What do the bullish and bearish scenarios say about 002998?
Our models span a range for Elite Color Environmental Resources : cautious scenario ¥4.24, base ¥4.26, optimistic ¥5.00 per share (as of Nov 7, 2026, price ¥6.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002998?
Elite Color Environmental Resources trades at a price-to-earnings ratio of 24.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥4.26 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 26.3. Other multiples: P/B 1.4, P/S 0.9, EV/EBITDA 8.7.
How solid is the balance sheet of Elite Color Environmental Resources (002998)?
Balance-sheet figures for Elite Color Environmental Resources (as of Nov 7, 2026): return on equity 5.5%, debt of 0.24 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 002998 from its 52-week high?
Elite Color Environmental Resources trades at ¥6.81, about 32% below its 52-week high of ¥10.00 and 5% above the low of ¥6.51 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥4.26 is for.
Which stocks are comparable to Elite Color Environmental Resources ?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Elite Color Environmental Resources stock attractive at the current price?
The data as of Nov 7, 2026: price ¥6.81, calculated fair value ¥4.26 (−37%), Quality Score 58/100, from 26 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 002998 calculated?
We run Elite Color Environmental Resources through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥4.26 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 13.3% above its aggregate fair value. Elite Color Environmental Resources 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 Elite Color Environmental Resources (002998)?
The closing price on Nov 6, 2026 was ¥6.81. Our model-based fair value is ¥4.26, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elite Color Environmental Resources right now?
The price sits above even our optimistic bull case (¥5.00). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Elite Color Environmental Resources
How large is the market capitalisation of Elite Color Environmental Resources (002998)?
The market capitalisation of Elite Color Environmental Resources is 2.4B CNY (≈ $359M). 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 Elite Color Environmental Resources (002998)?
The price-to-sales ratio of Elite Color Environmental Resources is 0.85 (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 Elite Color Environmental Resources (002998)?
Earnings per share at Elite Color Environmental Resources are ¥0.2800 (price ÷ EPS = P/E 24.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elite Color Environmental Resources (002998)?
The dividend yield of Elite Color Environmental Resources is 5.4% (payout 132%). 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 Elite Color Environmental Resources (002998)?
The net margin of Elite Color Environmental Resources is 3.3% (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 Elite Color Environmental Resources (002998)?
The return on equity (ROE) of Elite Color Environmental Resources is 5.5% (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 Elite Color Environmental Resources (002998)?
On an EBIT basis the return on assets of Elite Color Environmental Resources is 4.6% (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 Elite Color Environmental Resources (002998)?
The operating margin of Elite Color Environmental Resources is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elite Color Environmental Resources (002998)?
Revenue at Elite Color Environmental Resources is growing +14.4% versus a year earlier (3y avg +6.4%). 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 Elite Color Environmental Resources (002998)?
Earnings per share at Elite Color Environmental Resources are growing +157% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Elite Color Environmental Resources (002998) carry?
The net debt of Elite Color Environmental Resources is 161M CNY (fiscal year 2025, ≈ 0.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026