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Dayu Irrigation Group (300021) Fair Value & Analysis

Utilities · CN · Market cap 3.9B CNY

DI Dayu Irrigation Group 300021 · SHE
Price¥3.90
Fair Value¥1.06
Upside-72.8%
Quality24/100
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Expensive Growth
Thin margins · 1.3% net margin
Low debt · negative free cash flow
0.52% dividend yield
Trails peers (3/13)
Narrow moat 26/100
Evidence: Medium Range ¥0.7395 – ¥1.23 Share as image

Fair value as of: Jul 7, 2026

From 17 valuation models · updated 34 days ago

Share price −8.0% over the past month.

Below-average quality, and screening another 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.23). The favourable scenario is already priced in.
  • Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

¥6.96 ¥2.97 Fair Value ¥1.06 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 7, 2026.

How to read this chart

60‑month range ¥2.97 – ¥6.96 · fair‑value band ¥0.7395 – ¥1.23 · the ¥3.90 price screens above the ¥1.06 fair value. Dashed = 300-day average. As of Jul 7, 2026.

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Analysis

Dayu Irrigation Group (300021) currently trades at ¥3.90, while our model-based Fair Value estimate is ¥1.06, implying the stock looks roughly 72.8% overvalued today. The Quality Score stands at 24/100 (below-average quality), in the Utilities 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: medium).

Over the trailing twelve months, Dayu Irrigation Group generated revenue of 3.8B CNY at a net margin of 1.3%. Revenue grew 10.8% year over year. It earns a return on equity of 2.7%. Net debt stands at 830M CNY. Fundamentals as of Jul 7, 2026

Our scenario range runs from ¥0.7395 (bear case) to ¥1.23 (bull case); at ¥3.90, the current price sits above 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 44% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at -10% fair-value upside, at -73%, 300021 screens richer 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥1.78 ¥1.70 ¥1.32 76
ROIC Compounder ¥2.23 ¥2.53 ¥3.12 72
Gordon GGM ¥1.24 ¥2.48 ¥3.75 70
All 17 models by family
DCF Models
Owner Earnings ¥1.20 ¥2.13 ¥3.94 31
Earnings-Based
Graham-Dodd ¥0.3300 ¥2.14 ¥3.00 54
Lynch FV ¥0.6200 ¥0.8900 ¥1.16 50
PEG = 1.0 ¥0.6200 ¥0.8900 ¥1.16 46
EPV ¥2.23 ¥2.53 ¥2.78 59
Dividend Discount
Gordon GGM ¥1.24 ¥2.48 ¥3.75 70
DDM Multi-Stage ¥1.24 ¥2.14 ¥2.61 61
Multiples
P/E Multiple ¥0.7500 ¥1.00 ¥1.26 63
P/S Multiple ¥0.6100 ¥0.8100 ¥1.02 58
P/B Multiple ¥0.6100 ¥0.8100 ¥1.02 55
EV/EBIT ¥3.27 ¥4.23 ¥5.19 53
EV/EBITDA ¥3.39 ¥4.39 ¥5.39 54
EV/Revenue ¥2.44 ¥3.32 ¥4.20 43
Asset-Based
NCAV (Graham) ¥1.28 ¥1.71 ¥2.55 50
Economic Profit
Residual Income ¥1.78 ¥1.70 ¥1.32 76
ROIC Compounder ¥2.23 ¥2.53 ¥3.12 72
Growth Earnings
Growth-Adj P/E ¥0.8700 ¥1.25 ¥1.62 68

Widest divergence: Dividend Discount (¥2.14) versus Earnings-Based (¥0.8900). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.8B CNY
Revenue growth (YoY) +10.8%
Net margin 1.3%
Return on equity 2.7%
Free cash flow −350M CNY FY2025
P/E ratio 75.6
More key figures
Operating margin 6.7%
EPS (TTM) ¥0.0500
Dividend yield 0.5%
EPS growth (YoY) -1.0%
Net debt 830M CNY FY2025

Figures from reported company fundamentals · as of Jul 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 24/100

Of which business quality 23 · Market factors (momentum, volatility) 34

Profitability 18
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 8
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.

About the company

Dayu Irrigation Group Co.,Ltd engages in the manufacture and sale of water-saving irrigation materials. It offers drip tapes and on-line dripper; PVC and PE pipes; fertilizer and fertigation equipment; reel type and large sprinklers; water tank, smart water meter, intelligent controller; integrated monitoring and control of the gate slot; water measurement …

Full company description

Dayu Irrigation Group Co.,Ltd engages in the manufacture and sale of water-saving irrigation materials. It offers drip tapes and on-line dripper; PVC and PE pipes; fertilizer and fertigation equipment; reel type and large sprinklers; water tank, smart water meter, intelligent controller; integrated monitoring and control of the gate slot; water measurement equipment; home garden equipment; and Solar Irrigation System. The company is also involved in agricultural water saving; urban and rural water supply; sewage treatment; intelligent water affairs; water system connection; water ecological treatment and restoration; and integrating project planning, design, investment, construction, operation, management, and maintenance services. It serves in China, Thailand, Indonesia, Vietnam, India, Pakistan, Mongolia, Uzbekistan, Russia, South Africa, Zimbabwe, Tanzania, Ethiopia, Sudan, Egypt, Tunisia, Algeria, Nigeria, Benin, Togo, Senegal, Mali, Mexico, Ecuador, the United States, and internationally. The company was formerly known as Dayu Water-saving Group Co., Ltd and changed its name to Dayu Irrigation Group Co.,Ltd in November 2022. Dayu Irrigation Group Co.,Ltd was founded in 2005 and is headquartered in Tianjin, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dayu Irrigation Group reported revenue of ¥3.8B in FY2025 versus ¥3.5B in FY2021, a compound +1.7%/yr. Reported net income was ¥48.9M in FY2025, compounding −22.5%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.8B CNY
Avg. growth/yr (3Y)
+7.6%
Avg. growth/yr (5Y)
+15.1%
Avg. growth/yr (18Y)
+24.8%
Revenue +1.7%/yr
FY21 ¥3.5B
FY22 ¥3.4B
FY23 ¥3.5B
FY24 ¥4.4B
FY25 ¥3.8B
Net income −22.5%/yr
FY21 ¥135M
FY22 ¥97.7M
FY23 ¥50.1M
FY24 ¥81.1M
FY25 ¥48.9M

300021 screens 73% overvalued. Compare with American Water Works Company →

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Cite: Fair Value Calculator (2026). "Dayu Irrigation Group Fair Value". https://www.fairvalue-calculator.com/stock/300021

Peer Group

Utilities - Regulated Water · 67 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.

Quality Score 24 · Bottom 25%
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 7% · Below median
Revenue growth 11% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.41× · Lower than median

Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper

P/E (TTM) 75.6× · Pricier than 75% of peers
P/B 1.48× · Pricier than median
P/S (TTM) 1.01× · Cheaper than 75% of peers
EV/EBITDA 15.2× · Pricier than median

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.

VALUE 0 · sector 7
FUTURE 54 · sector 28
PAST 11 · sector 29
HEALTH 79 · sector 66
DIVIDEND 10 · sector 49

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Jul 7, 2026).

Stock Price Fair Value vs Fair Value
American Water Works Company AWK $134.33 $65.80 -51%
SBSP3 SBSP3 R$29.22 R$31.23 +7%
SBS SBS $5.79 $5.21 -10%
Essential Utilities, Inc WTRG $38.59 $21.81 -43%
CSMG3 CSMG3 R$66.10 R$60.17 -9%
Grandblue Environment Co 600323 ¥29.42 ¥33.29 +13%
American States Water Company AWR $85.01 $48.02 -44%
Chengdu Xingrong Environment Co 000598 ¥6.97 ¥10.74 +54%
California Water Service Group CWT $49.73 $33.56 -33%
Chongqing Water Group 601158 ¥4.12 ¥2.77 -33%

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Frequently asked questions

Is Dayu Irrigation Group (300021) overvalued or undervalued?
As of Jul 7, 2026, our model estimates a fair value of ¥1.06 versus a price of ¥3.90, about −73% (overvalued).
What is the fair value of 300021?
Our model-based fair value for Dayu Irrigation Group is ¥1.06 (as of Jul 7, 2026), built from audited fundamentals. The current price is ¥3.90.
What is the quality score of 300021?
Dayu Irrigation Group has a Quality Score of 24/100. 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 revenue of Dayu Irrigation Group (300021)?
Dayu Irrigation Group reported trailing-twelve-month revenue of about 3.8B CNY (latest available figure, as of Jul 7, 2026).
What is the net profit margin of 300021?
The net profit margin of Dayu Irrigation Group is about 1.3%, meaning it keeps roughly 1.3% of revenue as net income. Based on the latest reported figures.
Does Dayu Irrigation Group pay a dividend?
Dayu Irrigation Group currently shows a dividend yield of about 0.52% relative to its recent price (as of Jul 7, 2026).

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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