Zhejiang Kaier New Materials (300234) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Zhejiang Kaier New Materials ¥1.46, price ¥10.06, upside -85.5%, quality 53 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 24, 2026.
How to read this chart
60‑month range ¥3.01 – ¥12.15 · fair‑value band ¥1.16 – ¥1.88 · the ¥10.06 price screens above the ¥1.46 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Zhejiang Kaier New Materials Co.,Ltd. engages in the design, research, development, manufacture, promotion, and sale of functional enamel materials in China. It offers interior facade decorative enamel materials, enamel panels, green building curtain wall materials, and industrial protective enamel materials.
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Zhejiang Kaier New Materials Co.,Ltd. engages in the design, research, development, manufacture, promotion, and sale of functional enamel materials in China. It offers interior facade decorative enamel materials, enamel panels, green building curtain wall materials, and industrial protective enamel materials. The company's products are mainly used in the construction of public facilities, such as subways and tunnels, subways and tunnels, thermal power and non-electricity-related energy-saving and environmental protection industries, and green building decoration industries. Zhejiang Kaier New Materials Co.,Ltd. was founded in 2003 and is based in Jinhua, China.
Stock analysis
Zhejiang Kaier New Materials (300234) currently trades at ¥10.06, while our model-based Fair Value estimate is ¥1.46, 85.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥1.50 per share, and 0 of the 13 models we run sit above the ¥10.06 price.
Bear case: the Multiples group reads lowest at ¥0.6800, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.16 (bear) to ¥1.88 (bull), the price of ¥10.06 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 53/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Zhejiang Kaier New Materials reported revenue of 294M CNY in FY2025 versus 781M CNY in FY2021, a compound −21.7%/yr. Reported net income was −9.0M CNY in FY2025.
Key figures
Market cap 5.1B CNY (≈ $756M) · P/S ratio 18.7 · EPS (TTM) ¥−0.0400 · Dividend yield 0.1% · Net margin −3.1% · Return on equity −1.4% · Return on assets (EBIT) 3.7% · Operating margin 17.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 104% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −85%, 300234 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.1300 to ¥2.23). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.16Fair Value ¥1.46Bull ¥1.88
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.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.23/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−34.4%
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.
−25.2%
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.
−7.8%
Start year 2020 (pandemic). Over 10 years: −3.5% a year
Revenue growth 17 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.
+8.2%
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Profit margin (trend) ⓘ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.
20.0% (2020) → −1.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+30.8%
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 +28.6% a year for the price.
Compare Zhejiang Kaier New Materials 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.Steel · 405 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−85.5% · Bottom 25%
Profitability
Return on assets−0.4% · Bottom 25%
Net margin (TTM)−6.2% · Bottom 25%
Operating margin (TTM)17.7% · Top 25%
Growth and dividend
Revenue growth−6.3% · Below median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.67× · Cheaper than median
P/S (TTM)2.60× · Priciest 25%
P/FCF7.6× · Cheaper than median
EV/EBITDA27.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 19
FUTURE (revenue growth)0· sector 33
PAST (return on equity)0· sector 18
HEALTH (low debt)98· sector 95
DIVIDEND (yield)3· sector 51
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). "Zhejiang Kaier New Materials Fair Value". https://www.fairvalue-calculator.com/stock/300234
Frequently asked questions
Is Zhejiang Kaier New Materials (300234) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.46 versus a price of ¥10.06, about −85% upside (overvalued).
What is the fair value of 300234?
Our model-based fair value for Zhejiang Kaier New Materials is ¥1.46 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥10.06.
What is the quality score of 300234?
Zhejiang Kaier New Materials has a Quality Score of 53/100. 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 Zhejiang Kaier New Materials (300234)?
Our model-based price target is the fair value of ¥1.46 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario ¥1.16, optimistic scenario ¥1.88. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Kaier New Materials stock forecast for 2026?
Our models put fair value at ¥1.46, about −85% upside versus a price of ¥10.06 (overvalued). Cautious scenario ¥1.16, optimistic scenario ¥1.88. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Kaier New Materials (300234)?
Zhejiang Kaier New Materials reported trailing-twelve-month revenue of about 291M CNY (latest available figure, as of Sep 24, 2026).
Does Zhejiang Kaier New Materials pay a dividend?
Zhejiang Kaier New Materials currently shows a dividend yield of about 0.14% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Zhejiang Kaier New Materials (300234)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Kaier New Materials would have to grow free cash flow by +30.8 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 300234 use?
Our models discount Zhejiang Kaier New Materials at 11.1 %: a base by market capitalisation (small), damped by beta 0.74, 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 Zhejiang Kaier New Materials that is +30.8 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Zhejiang Kaier New Materials (300234) delivered so far?
Over the past 5 years revenue at Zhejiang Kaier New Materials grew -7.8 % a year. The price currently implies +30.8 % per year free-cash-flow growth a 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 Zhejiang Kaier New Materials (300234) growing?
The median revenue growth in the sector is +8.1 % a year. That is the yardstick for the growth priced into Zhejiang Kaier New Materials (+30.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Kaier New Materials (300234)?
The free-cash-flow yield on the price is 1.96 %: that much free cash flow Zhejiang Kaier New Materials produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Kaier New Materials (300234)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Kaier New Materials it is ¥1.46 per share (as of Sep 24, 2026), against a price of ¥10.06. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Kaier New Materials stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 300234 trades above its calculated fair value: price ¥10.06, fair value ¥1.46, a gap of about −85% (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 300234?
No. The price is what the market pays today (¥10.06); the fair value is what the company's own numbers justify (¥1.46). For Zhejiang Kaier New Materials the two are ¥8.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Kaier New Materials worth?
The market values Zhejiang Kaier New Materials at about 5.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥10.06; our models calculate a fair value of ¥1.46 per share.
What do the bullish and bearish scenarios say about 300234?
Our models span a range for Zhejiang Kaier New Materials: cautious scenario ¥1.16, base ¥1.46, optimistic ¥1.88 per share (as of Sep 24, 2026, price ¥10.06). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhejiang Kaier New Materials (300234)?
Balance-sheet figures for Zhejiang Kaier New Materials (as of Sep 24, 2026): return on equity −1.4%, debt of 0.05 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 300234 from its 52-week high?
Zhejiang Kaier New Materials trades at ¥10.06, about 17% below its 52-week high of ¥12.15 and 104% above the low of ¥4.93 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.46 is for.
Which stocks are comparable to Zhejiang Kaier New Materials?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Zhejiang Kaier New Materials stock attractive at the current price?
The data as of Sep 24, 2026: price ¥10.06, calculated fair value ¥1.46 (−85%), Quality Score 53/100, from 13 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 300234 calculated?
We run Zhejiang Kaier New Materials through 13 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 ¥1.46, 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 14.5 % above its aggregate fair value. Zhejiang Kaier New Materials 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 Zhejiang Kaier New Materials (300234)?
The closing price on Sep 30, 2026 was ¥10.06. Our model-based fair value is ¥1.46, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Kaier New Materials right now?
The price sits above even our optimistic bull case (¥1.88). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Zhejiang Kaier New Materials (300234) come from?
Earnings per share at Zhejiang Kaier New Materials grew −3.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +3.9 %, EBIT margin −6.5 %, tax rate +0.6 %, residual (interest, one-offs) −0.7 %. 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 Zhejiang Kaier New Materials
How large is the market capitalisation of Zhejiang Kaier New Materials (300234)?
The market capitalisation of Zhejiang Kaier New Materials is 5.1B CNY (≈ $756M). 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 Zhejiang Kaier New Materials (300234)?
The price-to-sales ratio of Zhejiang Kaier New Materials is 18.7 (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 Zhejiang Kaier New Materials (300234)?
Earnings per share at Zhejiang Kaier New Materials are ¥−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Kaier New Materials (300234)?
The dividend yield of Zhejiang Kaier New Materials is 0.1%. 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 Zhejiang Kaier New Materials (300234)?
The net margin of Zhejiang Kaier New Materials is −3.1% (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 Zhejiang Kaier New Materials (300234)?
The return on equity (ROE) of Zhejiang Kaier New Materials is −1.4% (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 Zhejiang Kaier New Materials (300234)?
On an EBIT basis the return on assets of Zhejiang Kaier New Materials is 3.7% (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 Zhejiang Kaier New Materials (300234)?
The operating margin of Zhejiang Kaier New Materials is 17.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Kaier New Materials (300234)?
Revenue at Zhejiang Kaier New Materials is growing −6.3% versus a year earlier (3y avg −25.2%). 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 Zhejiang Kaier New Materials (300234)?
Earnings per share at Zhejiang Kaier New Materials are growing −70.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zhejiang Kaier New Materials (300234) hold?
Zhejiang Kaier New Materials holds more cash than debt, 173M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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