Dongyue Group Ltd (0189) fair value: what the stock is really worth
We calculate from audited financials what Dongyue Group Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Basic Materials · HK · Market cap HK$33.1B (≈ $4.2B) · ISIN KYG2816P1072
At a glance
DGDongyue Group Ltd0189 · HK
PriceHK$13.11
Fair ValueHK$15.06
Upside+14.8%
Quality76/100
A strong business, trading 13% below our fair value of HK$15.06.
As of Aug 22, 2026, the fair value of Dongyue Group Ltd is HK$15.06 per share against a price of HK$13.11, so the fair value sits 15% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +7.4 %/yr)
✓Solidly profitable · 11.4% net margin
✓Low debt · generates free cash flow
·2.29% dividend yield
✓Ranks above peers (10/14)
!Moderate moat 51/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange HK$11.29 to HK$18.82
Fair value as of: Aug 22, 2026
From 26 valuation models · updated 19 days ago
Fair value updated Aug 22, 2026, revised from HK$18.73 to HK$15.06 (−19.6%) since Aug 13, 2026. Share price −0.7% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits in the lower half of our model range, the side with the larger margin of safety.
Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.
How to read this chart
60‑month range HK$4.46 – HK$23.22 · fair‑value band HK$11.29 – HK$18.82 · the HK$13.11 price screens below the HK$15.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.
Dongyue Group Ltd (0189) currently trades at HK$13.11, while our model-based Fair Value estimate is HK$15.06, implying the stock looks roughly 12.9% undervalued today. The Quality Score stands at 76/100 (high quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of HK$20.82 per share, and 19 of the 26 models we run sit above the HK$13.11 price. Bear case: the Asset-Based group reads lowest at HK$5.56, and 7 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Dongyue Group Ltd generated revenue of HK$14.4B at a net margin of 11.4%. Revenue declined 0.4% year over year. It earns a return on equity of 11.6%. The balance sheet holds a net cash position of HK$5.0B. Fundamentals as of Aug 22, 2026
Scenario range: HK$11.29 (bear) to HK$18.82 (bull), the price of HK$13.11 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 45% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at 15%, 0189 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (HK$0.1178 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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.Evidence
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Key figures & financial health
P/E ratio16.9as of Jul 1, 2026
P/S ratio1.93P/E × margin
EPS (TTM)HK$0.4700price ÷ EPS = P/E 16.9
Dividend yield2.3%payout 63.8%
Net margin11.4%FY2025
Return on equity11.6%TTM
More key figures
Profitability
Return on assets (EBIT)9.4%avg 5y
Operating margin14.6%TTM
Growth
Revenue (TTM)HK$14.4BTTM
Revenue growth (YoY)−0.4%3y avg −10.5%
EPS growth (YoY)+69.0%
Balance sheet & cash flow
Free cash flowHK$2.0BFY2025
Net cashHK$5.0BFY2025
Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality76/100
Of which business quality 74
· Market factors (momentum, volatility) 29
Profitability45
Margins and returns on capital today
Quality Growth64
Are margins and returns improving?
Cashflow71
Earnings quality: real cash, not paper profit
Fin. Strength93
Balance sheet, leverage, solvency risk
Investment82
Disciplined investing over empire-building
Low Volatility19
Calm price path (market factor)
Momentum33
Price trend over the last 3–12 months (market factor)
52W Momentum32
Distance to the 52-week high (market factor)
Net Issuance100
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Dongyue Group Limited, an investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, liquid alkali, and other products in the People's Republic of China and internationally.
Full company description
Dongyue Group Limited, an investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, liquid alkali, and other products in the People's Republic of China and internationally. It operates through Polymers; Refrigerants; Organic Silicone; Dichloromethane and Liquid Alkali; and Other Operations segments. The company offers polytetrafluoroethylene, methane chloride, anhydrous fluoride, fluorite, silicon rubber, fluoropolymer, ammonium bifluoride, hydrofluoric acid, bromine, and organosilicon materials. It engages in the property development and rental; sale of chemical products; investment and management of fluorosilicone new material industry; research and development of chemical technology; smelting and sale of non-tenuous metal and alloy materials; production and supply of salts, electricity, heat, gas, and water; and provision of sewage disposal and environmental monitoring services, as well as business management consulting services. Dongyue Group Limited was founded in 1987 and is headquartered in Zibo, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dongyue Group Ltd reported revenue of 14.4B CNY in FY2025 versus 15.8B CNY in FY2021, a compound −2.4%/yr. Reported net income was 1.6B CNY in FY2025, compounding −5.7%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$14.4B
Latest YoY
+1.2%
Avg. revenue growth/yr (3Y) ⓘ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.
−10.5%
Avg. revenue growth/yr (5Y) ⓘ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.
+7.4%
Avg. revenue growth/yr (21Y) ⓘ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.
+12.6%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +9.5%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+7.2%
Dividend yield2.3%
Trend ⓘ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.5Y 7.2% vs 10Y 14.5%, flattening
Operating margin (EBIT) ⓘ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.9.3% (2020) → 15.8% (2025) · rising
Worst earnings drop243% (2015) (loss year, drop beyond 100%) · in HKD
⚠ Final year 2025 sits 111% above trend (one-off), rate approximate
Revenue−2.4%/yr
FY2115.8B CNY
FY2220.0B CNY
FY2314.5B CNY
FY2414.2B CNY
FY2514.4B CNY
Net income−5.7%/yr
FY212.1B CNY
FY223.9B CNY
FY23708M CNY
FY24811M CNY
FY251.6B CNY
Character of growth · EPS growth decomposed (2014-2025)+9.3 % p.a.
Revenue per share+8.5 %
of which total revenue +7.0 % · buybacks/dilution +1.4 %
EBIT margin−0.6 %
Tax rate+1.1 %
Residual (interest, one-offs)+0.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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). "Dongyue Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0189
Peer Group
Chemicals · 337 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
Quality Score76 · Top 25%
Fair Value upside+16% · Top 25%
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)11% · Top 25%
Operating margin (TTM)15% · Top 25%
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)2.3% · Above median
Valuation Multiples vs Chemicals median · lower = cheaper
P/E (TTM)16.9× · Cheaper than median
P/B2.30× · Pricier than median
P/S (TTM)2.30× · Pricier than median
P/FCF2.1× · Pricier than median
EV/EBITDA7.8× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Dongyue Group Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years-2.4 % per year
Achieved revenue growth, 5 years+7.4 % p.a.
Sector median revenue growth+3.2 %
FCF yield on price9.29 %
Discount rate (WACC) in the models11.1 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE53· sector 0
FUTURE0· sector 22
PAST46· sector 20
HEALTH100· sector 94
DIVIDEND46· sector 31
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
Similar stocks
10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).
Is Dongyue Group Ltd (0189) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of HK$15.06 versus a price of HK$13.11, about +15% upside (undervalued).
What is the fair value of 0189?
Our model-based fair value for Dongyue Group Ltd is HK$15.06 (as of Aug 22, 2026), built from audited fundamentals. The current price: HK$13.11.
What is the quality score of 0189?
Dongyue Group Ltd has a Quality Score of 76/100. 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 Dongyue Group Ltd (0189)?
Our model-based price target is the fair value of HK$15.06 (as of Aug 22, 2026) from 26 valuation models. Cautious scenario HK$11.29, optimistic scenario HK$18.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Dongyue Group Ltd stock forecast for 2026?
Our models put fair value at HK$15.06, about +15% upside versus a price of HK$13.11 (undervalued). Cautious scenario HK$11.29, optimistic scenario HK$18.82. The calculation is refreshed regularly with new filings.
What is the revenue of Dongyue Group Ltd (0189)?
Dongyue Group Ltd reported trailing-twelve-month revenue of about HK$14.4B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of 0189?
The net profit margin of Dongyue Group Ltd is about 11.4%, meaning it keeps roughly 11.4% of revenue as net income. Based on the latest reported figures.
Does Dongyue Group Ltd pay a dividend?
Dongyue Group Ltd currently shows a dividend yield of about 2.29% relative to its recent price (as of Aug 22, 2026).
What growth is priced into Dongyue Group Ltd (0189)?
For today's price to be fair in a discounted-cash-flow model, Dongyue Group Ltd would have to grow free cash flow by -2.4 % per year for ten years (discount rate 11.1 %, then 2 % perpetual growth). Over the last 5 years revenue grew +7.4 % per year. As of Aug 22, 2026.
What discount rate (WACC) does the fair value of 0189 use?
Our models discount Dongyue Group Ltd at 11.1 %: a base by market capitalisation (mid), damped by beta 1.32, country premium for Hong Kong. The same rate applies in all 26 models.
What is the intrinsic value of Dongyue Group Ltd (0189)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dongyue Group Ltd it is HK$15.06 per share (as of Aug 22, 2026), against a price of HK$13.11. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Dongyue Group Ltd stock overvalued or undervalued in 2026?
As of Aug 22, 2026, 0189 trades below its calculated fair value: price HK$13.11, fair value HK$15.06, a gap of about +15% (undervalued). 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 0189?
No. The price is what the market pays today (HK$13.11); the fair value is what the company's own numbers justify (HK$15.06). For Dongyue Group Ltd the two are HK$1.95 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dongyue Group Ltd worth?
The market values Dongyue Group Ltd at about HK$33.1B (market capitalisation, as of Aug 22, 2026). Per share that is HK$13.11; our models calculate a fair value of HK$15.06 per share.
What do the bullish and bearish scenarios say about 0189?
Our models span a range for Dongyue Group Ltd: cautious scenario HK$11.29, base HK$15.06, optimistic HK$18.82 per share (as of Aug 22, 2026, price HK$13.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0189?
Dongyue Group Ltd trades at a price-to-earnings ratio of 16.9 (as of Aug 22, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$15.06 is built from several models across several years. Other multiples: P/B 2.3, P/S 2.3, EV/EBITDA 7.8.
How solid is the balance sheet of Dongyue Group Ltd (0189)?
Balance-sheet figures for Dongyue Group Ltd (as of Aug 22, 2026): return on equity 11.6%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is 0189 from its 52-week high?
Dongyue Group Ltd trades at HK$13.11, about 45% below its 52-week high of HK$23.74 and 42% above the low of HK$9.24 (as of Aug 22, 2026). Distance from the high says nothing about value: that is what the fair value of HK$15.06 is for.
Which stocks are comparable to Dongyue Group Ltd?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, A. Schulman, Inc, Ningxia Baofeng Energy Group, Dow 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 Dongyue Group Ltd stock attractive at the current price?
The data as of Aug 22, 2026: price HK$13.11, calculated fair value HK$15.06 (+15%), Quality Score 76/100, 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 0189 calculated?
We run Dongyue Group Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$15.06, with the spread shown as a cautious and an optimistic scenario.
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