Diwang Industrial Holdings Ltd (1950) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Diwang Industrial Holdings Ltd HK$0.16, price HK$0.10, upside +60.0%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range HK$0.0620 – HK$0.7200 · fair‑value band HK$0.1099 – HK$0.2197 · the HK$0.1030 price screens below the HK$0.1648 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Diwang Industrial Holdings Limited, an investment holding company, engages in the research and development, manufacture, and sale of coating agents and synthetic resins in the People's Republic of China, Mexico, Turkey, and Vietnam. It operates through Faux Leather Chemicals and Chinese Liquor Business segments.
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Diwang Industrial Holdings Limited, an investment holding company, engages in the research and development, manufacture, and sale of coating agents and synthetic resins in the People's Republic of China, Mexico, Turkey, and Vietnam. It operates through Faux Leather Chemicals and Chinese Liquor Business segments. The company offers colourants, finishes, and additives for use in apparel, footwear, handbags, automobile interior decoration, home furnishings, and sports equipment industries; and wine products, including Chinese baijiu. The company was formerly known as Sunlight Technology Holdings Limited and changed its name to Diwang Industrial Holdings Limited in May 2022. Diwang Industrial Holdings Limited was founded in 2003 and is headquartered in Hangzhou, China.
Stock analysis
Diwang Industrial Holdings Ltd (1950) currently trades at HK$0.1030, while our model-based Fair Value estimate is HK$0.1648, implying the stock looks roughly 37.5% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of HK$0.6800 per share, and 4 of the 10 models we run sit above the HK$0.1030 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0700, and 6 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.1099 (bear) to HK$0.2197 (bull), the price of HK$0.1030 sits below 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 29/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Diwang Industrial Holdings Ltd reported revenue of 599M CNY in FY2025 versus 234M CNY in FY2021, a compound +26.5%/yr. Reported net income was 2.5M CNY in FY2025.
Key figures
Market cap HK$74.2M (≈ $9.5M) · P/S ratio 0.12 · EPS (TTM) HK$0.0200 · Net margin 0.4% · Return on equity −0.3% · Return on assets (EBIT) 4.2% · Operating margin −4.5% · Revenue (TTM) 599M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 57% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 60%, 1950 screens cheaper than that median.
Fair Value models
Bear HK$0.1099Fair Value HK$0.1648Bull HK$0.2197
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0150 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.Evidence ⓘEvidence = 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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.8%
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.
+6.1%
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.
+34.8%
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.
+16.5%
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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.
−50.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−50.8%
Dividend (yield on the price)0.0%
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.−50.8% vs −30.2%, 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.−4% → −1%
Compare Diwang Industrial Holdings 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 Chemicals · 708 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets0.1% · Bottom 25%
Net margin (TTM)0.4% · Bottom 25%
Operating margin (TTM)−4.5% · Bottom 25%
Growth and dividend
Revenue growth22.5% · Above median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Diwang Industrial Holdings Ltd (1950) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of HK$0.1648 versus a price of HK$0.1030, about +60% upside (undervalued).
What is the fair value of 1950?
Our model-based fair value for Diwang Industrial Holdings Ltd is HK$0.1648 (as of Sep 27, 2026), built from audited fundamentals. The current price: HK$0.1030.
What is the quality score of 1950?
Diwang Industrial Holdings Ltd has a Quality Score of 29/100. 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 Diwang Industrial Holdings Ltd (1950)?
Our model-based price target is the fair value of HK$0.1648 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario HK$0.1099, optimistic scenario HK$0.2197. It is a calculation from audited fundamentals, not an analyst target.
What is the Diwang Industrial Holdings Ltd stock forecast for 2026?
Our models put fair value at HK$0.1648, about +60% upside versus a price of HK$0.1030 (undervalued). Cautious scenario HK$0.1099, optimistic scenario HK$0.2197. The calculation is refreshed regularly with new filings.
What is the revenue of Diwang Industrial Holdings Ltd (1950)?
Diwang Industrial Holdings Ltd reported trailing-twelve-month revenue of about 599M CNY (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Diwang Industrial Holdings Ltd (1950)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Diwang Industrial Holdings Ltd it is HK$0.1648 per share (as of Sep 27, 2026), against a price of HK$0.1030. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Diwang Industrial Holdings Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 1950 trades below its calculated fair value: price HK$0.1030, fair value HK$0.1648, a gap of about +60% (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 1950?
No. The price is what the market pays today (HK$0.1030); the fair value is what the company's own numbers justify (HK$0.1648). For Diwang Industrial Holdings Ltd the two are HK$0.0618 per share apart. That gap is exactly why we show both numbers side by side.
How much is Diwang Industrial Holdings Ltd worth?
The market values Diwang Industrial Holdings Ltd at about HK$74.2M (market capitalisation, as of Sep 27, 2026). Per share that is HK$0.1030; our models calculate a fair value of HK$0.1648 per share.
What do the bullish and bearish scenarios say about 1950?
Our models span a range for Diwang Industrial Holdings Ltd: cautious scenario HK$0.1099, base HK$0.1648, optimistic HK$0.2197 per share (as of Sep 27, 2026, price HK$0.1030). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Diwang Industrial Holdings Ltd (1950)?
Balance-sheet figures for Diwang Industrial Holdings Ltd (as of Sep 27, 2026): return on equity −0.3%. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is 1950 from its 52-week high?
Diwang Industrial Holdings Ltd trades at HK$0.1030, about 57% below its 52-week high of HK$0.2420 and 7% above the low of HK$0.0960 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.1648 is for.
Which stocks are comparable to Diwang Industrial Holdings Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, 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 Diwang Industrial Holdings Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price HK$0.1030, calculated fair value HK$0.1648 (+60%), Quality Score 29/100, from 10 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 1950 calculated?
We run Diwang Industrial Holdings Ltd through 10 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$0.1648, 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 14.7 % above its aggregate fair value. Diwang Industrial Holdings Ltd currently trades 38 % below its own fair value, and the market average says nothing about that. 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 Diwang Industrial Holdings Ltd (1950)?
The closing price on Sep 30, 2026 was HK$0.1030. Our model-based fair value is HK$0.1648, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Diwang Industrial Holdings Ltd right now?
The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$0.1099). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$0.1099 to HK$0.2197) leaves room in how you read the outcome.
Key figures of Diwang Industrial Holdings Ltd
How large is the market capitalisation of Diwang Industrial Holdings Ltd (1950)?
The market capitalisation of Diwang Industrial Holdings Ltd is HK$74.2M (≈ $9.5M). 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 Diwang Industrial Holdings Ltd (1950)?
The price-to-sales ratio of Diwang Industrial Holdings Ltd is 0.12 (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 Diwang Industrial Holdings Ltd (1950)?
Earnings per share at Diwang Industrial Holdings Ltd are HK$0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Diwang Industrial Holdings Ltd (1950)?
The net margin of Diwang Industrial Holdings Ltd is 0.4% (fiscal year 2025). 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 Diwang Industrial Holdings Ltd (1950)?
The return on equity (ROE) of Diwang Industrial Holdings Ltd is −0.3% (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 Diwang Industrial Holdings Ltd (1950)?
On an EBIT basis the return on assets of Diwang Industrial Holdings Ltd is 4.2% (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 Diwang Industrial Holdings Ltd (1950)?
The operating margin of Diwang Industrial Holdings Ltd is −4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Diwang Industrial Holdings Ltd (1950)?
Revenue at Diwang Industrial Holdings Ltd is growing +22.5% versus a year earlier (3y avg +6.1%). 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 Diwang Industrial Holdings Ltd (1950)?
Earnings per share at Diwang Industrial Holdings Ltd are growing −32.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Diwang Industrial Holdings Ltd (1950) generate?
The free cash flow of Diwang Industrial Holdings Ltd is −43.0M 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 debt does Diwang Industrial Holdings Ltd (1950) carry?
The net debt of Diwang Industrial Holdings Ltd is 22.2M CNY (fiscal year 2025). 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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