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Canmax Technologies Co (300390) Fair Value & Analysis

Industrials · CN · Market cap 50.8B CNY

CT Canmax Technologies Co 300390 · SHE
Price¥59.54
Fair Value¥10.41
Upside-82.5%
Quality47/100
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Expensive Growth
Solidly profitable · 14.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Moderate moat 55/100
Evidence: Medium Range ¥6.83 – ¥10.41 Share as image

Fair value as of: Jul 17, 2026

From 16 valuation models · updated 21 days ago

Share price −38.1% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥10.41). 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)

¥114.70 ¥15.18 Fair Value ¥10.41 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range ¥15.18 – ¥114.70 · fair‑value band ¥6.83 – ¥10.41 · the ¥59.54 price screens above the ¥10.41 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Canmax Technologies Co (300390) currently trades at ¥59.54, while our model-based Fair Value estimate is ¥10.41, implying the stock looks roughly 82.5% overvalued today. We read business quality at 47/100 (below-average quality), in the Industrials 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, Canmax Technologies Co generated revenue of 9.1B CNY at a net margin of 14.5%. Revenue grew 89.6% year over year. It earns a return on equity of 9.2%. Net debt stands at 2.0B CNY. Fundamentals as of Jul 17, 2026

Our scenario range runs from ¥6.83 (bear case) to ¥10.41 (bull case); at ¥59.54, 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 50% below its 52-week high and 247% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -83%, 300390 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 ¥10.15 ¥10.11 ¥9.01 76
ROIC Compounder ¥4.94 ¥5.40 ¥5.81 72
Gordon GGM ¥5.51 ¥11.45 ¥18.17 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥3.29 ¥22.96 ¥32.22 54
Lynch FV ¥11.43 ¥16.33 ¥21.23 50
PEG = 1.0 ¥11.43 ¥16.33 ¥21.23 46
EPV ¥4.94 ¥5.40 ¥5.81 59
Dividend Discount
Gordon GGM ¥5.51 ¥11.45 ¥18.17 70
DDM Multi-Stage ¥5.51 ¥9.66 ¥12.02 61
Multiples
P/E Multiple ¥7.26 ¥9.68 ¥12.10 63
P/S Multiple ¥6.17 ¥8.23 ¥10.29 58
P/B Multiple ¥6.17 ¥8.23 ¥10.29 55
EV/EBIT ¥7.49 ¥9.28 ¥11.07 53
EV/EBITDA ¥12.85 ¥16.42 ¥20.00 54
EV/Revenue ¥5.74 ¥7.29 ¥8.84 43
Asset-Based
NCAV (Graham) ¥6.83 ¥9.16 ¥13.67 50
Economic Profit
Residual Income ¥10.15 ¥10.11 ¥9.01 76
ROIC Compounder ¥4.94 ¥5.40 ¥5.81 72
Growth Earnings
Growth-Adj P/E ¥14.83 ¥21.19 ¥27.54 68

Widest divergence: Growth Earnings (¥21.19) versus Economic Profit (¥5.40). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 9.1B CNY
Revenue growth (YoY) +89.6%
Net margin 14.5%
Return on equity 9.2%
Free cash flow −3.5B CNY FY2025
P/E ratio 50.9
More key figures
Operating margin 39.2%
EPS (TTM) ¥1.58
EPS growth (YoY) +1,571%
Net debt 2.0B CNY FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 39 · Market factors (momentum, volatility) 55

Profitability 21
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 59
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 76
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

Canmax Technologies Co., Ltd. engages in the research and development, production, and sale of new energy lithium battery materials, and anti-static ultra-clean technology and medical equipment in China and internationally.

Full company description

Canmax Technologies Co., Ltd. engages in the research and development, production, and sale of new energy lithium battery materials, and anti-static ultra-clean technology and medical equipment in China and internationally. The company offers battery-grade lithium hydroxide, lithium carbonate, and other products and services for use in new energy vehicles, low-altitude flight, energy storage, and other fields. It also provides ESD control and cleanroom contamination control used for manufacturing semiconductors, new displays, hard disk drives, and biomedicine; and disposable sterile medical devices. The company was formerly known as Suzhou TA&A Ultra Clean Technology Co., Ltd. and changed its name to Canmax Technologies Co., Ltd. in March 2023. Canmax Technologies Co., Ltd. was founded in 1997 and is headquartered in Suzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Canmax Technologies Co reported revenue of ¥7.5B in FY2025 versus ¥3.4B in FY2021, a compound +22.0%/yr. Reported net income was ¥402M in FY2025, compounding −18.5%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
7.5B CNY
Latest YoY
+14.1%
Avg. growth/yr (3Y)
−23.8%
Avg. growth/yr (5Y)
+41.8%
Avg. growth/yr (16Y)
+31.6%
Revenue +22.0%/yr
FY21 ¥3.4B
FY22 ¥17.0B
FY23 ¥10.5B
FY24 ¥6.6B
FY25 ¥7.5B
Net income −18.5%/yr
FY21 ¥911M
FY22 ¥6.6B
FY23 ¥1.7B
FY24 ¥848M
FY25 ¥402M

300390 screens 83% overvalued. Compare with Veralto Corporation →

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Cite: Fair Value Calculator (2026). "Canmax Technologies Co Fair Value". https://www.fairvalue-calculator.com/stock/300390

Peer Group

Pollution & Treatment Controls · 92 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 −83% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 39% · Top 25%
Revenue growth 90% · Top 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 38.7× · Pricier than median
P/B 4.47× · Pricier than 75% of peers
P/S (TTM) 5.60× · Pricier than 75% of peers
EV/EBITDA 22.2× · 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.

VALUE 0 · sector 0
FUTURE 100 · sector 10
PAST 37 · sector 12
HEALTH 91 · sector 95
DIVIDEND 0 · sector 37

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥16.16 ¥15.59 -4%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Zhejiang Goldensea Hi-Tech Co 603311 ¥29.24 ¥5.66 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

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Frequently asked questions

Is Canmax Technologies Co (300390) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of ¥10.41 versus a price of ¥59.54, about −83% (overvalued).
What is the fair value of 300390?
Our model-based fair value for Canmax Technologies Co is ¥10.41 (as of Jul 17, 2026), built from audited fundamentals. The current price is ¥59.54.
What is the quality score of 300390?
Canmax Technologies Co has a Quality Score of 47/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Canmax Technologies Co (300390)?
Canmax Technologies Co reported trailing-twelve-month revenue of about 9.1B CNY (latest available figure, as of Jul 17, 2026).
What is the net profit margin of 300390?
The net profit margin of Canmax Technologies Co is about 14.5%, meaning it keeps roughly 14.5% of revenue as net income. Based on the latest reported figures.

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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