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Shandong Ruifeng Chemical Co Ltd (300243) Fair Value & Analysis

Basic Materials · CN · Market cap 5.7B CNY

SR Shandong Ruifeng Chemical Co Ltd 300243 · SHE
Price¥16.76
Fair Value¥1.56
Upside-90.7%
Quality47/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

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Strengths

Low debt · generates free cash flow

Risks

!Trades 91% ABOVE our fair value of ¥1.56
!Mixed Growth
!Thin margins · 2.2% net margin
!Trails peers (1/14)
Mixed Growth
Thin margins · 2.2% net margin
Low debt · generates free cash flow
0.51% dividend yield
Trails peers (1/14)
Narrow moat 26/100
Evidence: High Range ¥1.17 – ¥1.96 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 9 days ago

Share price +30.6% over the past month.

Below-average quality, and screening another 91% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (¥1.96). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥23.46 ¥5.37 Fair Value ¥1.56 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥5.37 – ¥23.46 · fair‑value band ¥1.17 – ¥1.96 · the ¥16.76 price screens above the ¥1.56 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Shandong Ruifeng Chemical Co Ltd (300243) currently trades at ¥16.76, while our model-based Fair Value estimate is ¥1.56, implying the stock looks roughly 90.7% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials 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: high).

Over the trailing twelve months, Shandong Ruifeng Chemical Co Ltd generated revenue of 2.0B CNY at a net margin of 2.2%. Revenue grew 10.1% year over year. It earns a return on equity of 3.9%. Net debt stands at 514M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥1.17 (bear case) to ¥1.96 (bull case); at ¥16.76, 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 23% below its 52-week high and 73% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -67% fair-value upside, at -91%, 300243 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 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. Evidence
Highest evidence
Growth DCF ¥3.79 ¥6.12 ¥9.62 80
Residual Income ¥2.91 ¥2.84 ¥2.34 76
Rev-Margin DCF ¥2.80 ¥4.52 ¥6.59 74
All 26 models by family
DCF Models
FCF DCF ¥3.77 ¥6.18 ¥9.87 38
Owner Earnings ¥3.48 ¥5.71 ¥9.13 31
5Y Revenue Exit ¥2.80 ¥4.50 ¥6.69 39
5Y EBITDA Exit ¥3.91 ¥6.66 ¥9.94 41
5Y P/E Exit ¥1.98 ¥2.93 ¥3.92 38
10Y Revenue Exit ¥3.03 ¥4.69 ¥6.95 36
10Y EBITDA Exit ¥3.82 ¥6.18 ¥9.45 37
10Y P/E Exit ¥2.60 ¥3.60 ¥4.82 35
Earnings-Based
Graham-Dodd ¥0.7400 ¥2.68 ¥3.61 54
Lynch FV ¥0.6300 ¥0.9100 ¥1.18 50
PEG = 1.0 ¥0.6300 ¥0.9100 ¥1.18 46
EPV ¥2.02 ¥2.37 ¥2.68 59
Dividend Discount
Gordon GGM ¥0.9700 ¥1.93 ¥2.93 70
DDM Multi-Stage ¥0.9700 ¥1.67 ¥2.04 61
Multiples
P/E Multiple ¥1.38 ¥1.84 ¥2.31 63
P/S Multiple ¥1.38 ¥1.84 ¥2.31 58
P/B Multiple ¥1.38 ¥1.84 ¥2.31 55
EV/EBIT ¥2.76 ¥3.76 ¥4.75 53
EV/EBITDA ¥4.47 ¥6.03 ¥7.60 54
EV/Revenue ¥2.36 ¥3.47 ¥4.58 43
Asset-Based
NCAV (Graham) ¥2.04 ¥2.74 ¥4.09 50
Growth DCF
Growth DCF ¥3.79 ¥6.12 ¥9.62 80
Rev-Margin DCF ¥2.80 ¥4.52 ¥6.59 74
Economic Profit
Residual Income ¥2.91 ¥2.84 ¥2.34 76
ROIC Compounder ¥2.02 ¥2.37 ¥2.68 72
Growth Earnings
Growth-Adj P/E ¥1.06 ¥1.51 ¥1.97 68

Widest divergence: DCF Models (¥4.69) versus Earnings-Based (¥0.9100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0B CNY
Revenue growth (YoY) +10.1%
Net margin 2.2%
Return on equity 3.9%
Free cash flow 99.4M CNY FY2025
P/E ratio 88.2
More key figures
Operating margin 6.9%
EPS (TTM) ¥0.1900
Dividend yield 0.5%
EPS growth (YoY) +300%
Net debt 514M CNY FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 58

Profitability 30
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 31
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

Shandong Ruifeng Chemical Co., Ltd. manufactures and sells PVC additives in China and internationally. The company offers ACR processing aids and impact modifiers, acrylic processing aids, MBS impact modifiers, chlorinated polyethylene CPE-135A, PC/ABS impact modifiers, ABS high rubber powders, ASA high rubber powders, epichlorohydrin, poly butylene …

Full company description

Shandong Ruifeng Chemical Co., Ltd. manufactures and sells PVC additives in China and internationally. The company offers ACR processing aids and impact modifiers, acrylic processing aids, MBS impact modifiers, chlorinated polyethylene CPE-135A, PC/ABS impact modifiers, ABS high rubber powders, ASA high rubber powders, epichlorohydrin, poly butylene adipate-co-terephthalate, PVC processing aids, ultra-high molecular weight processing aids, and PVC lubricating processing aids. It also exports its products to Europe; the Americas; and South, Southeast, and East Asia. Shandong Ruifeng Chemical Co., Ltd. was founded in 1994 and is headquartered in Zibo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Ruifeng Chemical Co Ltd reported revenue of ¥2.0B in FY2025 versus ¥1.9B in FY2021, a compound +1.5%/yr. Reported net income was ¥30.3M in FY2025, compounding −24.4%/yr from FY2021.

Growth Quality 66/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.0B CNY
Latest YoY
−1.6%
Avg. 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.
+2.4%
Avg. 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.
+8.6%
Avg. growth/yr (17Y) 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.
+11.8%
Revenue +1.5%/yr
FY21 ¥1.9B
FY22 ¥1.8B
FY23 ¥1.8B
FY24 ¥2.0B
FY25 ¥2.0B
Net income −24.4%/yr
FY21 ¥92.9M
FY22 ¥61.1M
FY23 ¥85.3M
FY24 ¥22.1M
FY25 ¥30.3M
Character of growth · EPS growth decomposed (2013-2024) +4.5 % p.a.
Revenue per share +9.5 pp

of which total revenue +9.8 pp · buybacks/dilution −0.3 pp

EBIT margin −6.3 pp
Tax rate +1.6 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

300243 screens 91% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Shandong Ruifeng Chemical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300243

Peer Group

Specialty Chemicals · 677 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 47 · Below median
Fair Value upside −91% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 7% · Below median
Revenue growth 10% · Above median
Dividend yield (TTM) 0.6% · Bottom 25%
Debt / equity 0.37× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 88.2× · Pricier than 75% of peers
P/B 4.99× · Pricier than 75% of peers
P/S (TTM) 2.83× · Pricier than median
P/FCF 8.5× · Pricier than median
EV/EBITDA 30.1× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE51 · sector 19
PAST15 · sector 23
HEALTH82 · sector 95
DIVIDEND12 · sector 30

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
Pidilite Industries Limited PIDILITIND ₹1,645 ₹349.83 -79%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
PT Chandra Asri Pacific Tbk TPIA 2,030 IDR 2,147 IDR +6%
Berger Paints India Limited BERGEPAINT ₹541.00 ₹156.35 -71%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,680 ₹724.88 -85%
Himadri Speciality Chemical Limited HSCL ₹703.65 ₹229.10 -67%
Enaex S.A ENAEX 25,000 CLP 23,584 CLP -6%

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Frequently asked questions

Is Shandong Ruifeng Chemical Co Ltd (300243) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥1.56 versus a price of ¥16.76, about −91% (overvalued).
What is the fair value of 300243?
Our model-based fair value for Shandong Ruifeng Chemical Co Ltd is ¥1.56 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥16.76.
What is the quality score of 300243?
Shandong Ruifeng Chemical Co Ltd has a Quality Score of 47/100. 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 Shandong Ruifeng Chemical Co Ltd (300243)?
Shandong Ruifeng Chemical Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300243?
The net profit margin of Shandong Ruifeng Chemical Co Ltd is about 2.2%, meaning it keeps roughly 2.2% of revenue as net income. Based on the latest reported figures.
Does Shandong Ruifeng Chemical Co Ltd pay a dividend?
Shandong Ruifeng Chemical Co Ltd currently shows a dividend yield of about 0.51% relative to its recent price (as of Aug 13, 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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