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Nanjing Julong Science & Technology Co (300644) Fair Value & Analysis

Basic Materials · CN · Market cap 2.9B CNY

NJ Nanjing Julong Science & Technology Co 300644 · SHE
Price¥21.89
Fair Value¥20.35
Upside-7.0%
Quality47/100
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Expensive Growth
Thin margins · 4.5% net margin
Low debt · negative free cash flow
0.97% dividend yield
Mixed vs. peers (6/13)
Narrow moat 39/100
Evidence: High Range ¥14.16 – ¥27.98 Share as image

Fair value as of: Jul 9, 2026

From 17 valuation models · updated 32 days ago

Share price −3.8% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥14.16 to ¥27.98) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥41.90 ¥10.73 Fair Value ¥20.35 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 9, 2026.

How to read this chart

60‑month range ¥10.73 – ¥41.90 · fair‑value band ¥14.16 – ¥27.98 · the ¥21.89 price screens above the ¥20.35 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Nanjing Julong Science & Technology Co (300644) currently trades at ¥21.89, while our model-based Fair Value estimate is ¥20.35, implying the stock looks roughly 7.0% fairly valued 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, Nanjing Julong Science & Technology Co generated revenue of 2.9B CNY at a net margin of 4.5%. Revenue declined 0.2% year over year. It earns a return on equity of 12.3%. Net debt stands at 393M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥14.16 (bear case) to ¥27.98 (bull case); at ¥21.89, the current price sits within 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 49% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -7%, 300644 screens cheaper 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
Residual Income ¥9.00 ¥10.59 ¥21.34 76
ROIC Compounder ¥17.09 ¥24.36 ¥32.65 72
Gordon GGM ¥2.95 ¥5.88 ¥8.91 70
All 17 models by family
DCF Models
Owner Earnings ¥22.73 ¥46.19 ¥90.40 31
Earnings-Based
Graham-Dodd ¥8.14 ¥49.50 ¥69.04 54
Lynch FV ¥14.16 ¥20.23 ¥26.30 50
PEG = 1.0 ¥14.16 ¥20.23 ¥26.30 46
EPV ¥14.57 ¥16.87 ¥18.85 59
Dividend Discount
Gordon GGM ¥2.95 ¥5.88 ¥8.91 70
DDM Multi-Stage ¥2.95 ¥5.09 ¥6.21 61
Multiples
P/E Multiple ¥15.26 ¥20.35 ¥25.43 63
P/S Multiple ¥15.26 ¥20.35 ¥25.43 58
P/B Multiple ¥15.26 ¥20.35 ¥25.43 55
EV/EBIT ¥18.69 ¥24.91 ¥31.13 53
EV/EBITDA ¥18.11 ¥24.13 ¥30.16 54
EV/Revenue ¥16.20 ¥23.13 ¥30.06 43
Asset-Based
NCAV (Graham) ¥4.91 ¥6.59 ¥9.83 50
Economic Profit
Residual Income ¥9.00 ¥10.59 ¥21.34 76
ROIC Compounder ¥17.09 ¥24.36 ¥32.65 72
Growth Earnings
Growth-Adj P/E ¥18.67 ¥26.67 ¥34.67 68

Widest divergence: DCF Models (¥46.19) versus Dividend Discount (¥5.09). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 2.9B CNY
Revenue growth (YoY) -0.2%
Net margin 4.5%
Return on equity 12.3%
Free cash flow −131M CNY FY2025
P/E ratio 25.3
More key figures
Operating margin 6.9%
EPS (TTM) ¥1.03
Dividend yield 1.0%
EPS growth (YoY) -22.2%
Net debt 393M CNY FY2025

Figures from reported company fundamentals · as of Jul 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 46 · Market factors (momentum, volatility) 25

Profitability 46
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 63
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

Nanjing Julong Science & Technology Co.,LTD engages in the research and development, production, and sale of new polymer materials and related composite materials in China and internationally.

Full company description

Nanjing Julong Science & Technology Co.,LTD engages in the research and development, production, and sale of new polymer materials and related composite materials in China and internationally. The company offers performance modified plastics, thermoplastic elastomer materials, carbon fiber composite structural parts and components manufacturing and complete machine assembly, and bio-based resource recycled plastic wood profiles. It also engages in the production and sale of environmentally friendly materials. Its products are used in the automobiles and new energy vehicles, high-speed rail and rail transit, communications and electronic and electrical, aerospace and low-altitude economy, medical health, environmental protection construction engineering, and other fields. The company was formerly known as Nanjing Julong Chemical Industrial Co., Ltd. and changed its name to Nanjing Julong Science & Technology Co.,LTD in September 2009. Nanjing Julong Science & Technology Co.,LTD was founded in 1999 and is based in Nanjing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nanjing Julong Science & Technology Co reported revenue of ¥2.9B in FY2025 versus ¥1.7B in FY2021, a compound +14.6%/yr. Reported net income was ¥132M in FY2025, compounding +42.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.9B CNY
Latest YoY
+19.8%
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.
+18.8%
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.
+20.2%
Avg. growth/yr (11Y) 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.
+10.9%
Revenue +14.6%/yr
FY21 ¥1.7B
FY22 ¥1.7B
FY23 ¥1.8B
FY24 ¥2.4B
FY25 ¥2.9B
Net income +42.9%/yr
FY21 ¥31.8M
FY22 ¥55.4M
FY23 ¥72.5M
FY24 ¥84.3M
FY25 ¥132M
Character of growth · EPS growth decomposed (2014-2024) −2.1 % p.a.
Revenue per share +5.5 pp

of which total revenue +10.2 pp · buybacks/dilution −4.7 pp

EBIT margin −7.6 pp
Tax rate +1.0 pp
Residual (interest, one-offs) −1.0 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).

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Cite: Fair Value Calculator (2026). "Nanjing Julong Science & Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/300644

Peer Group

Specialty Chemicals · 673 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 −7% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 25.3× · Cheaper than median
P/B 2.65× · Pricier than median
P/S (TTM) 1.01× · Cheaper than median
EV/EBITDA 12.1× · 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 24 · sector 0
FUTURE 0 · sector 19
PAST 49 · sector 23
HEALTH 91 · sector 95
DIVIDEND 19 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

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Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
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Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Nanjing Julong Science & Technology Co (300644) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥20.35 versus a price of ¥21.89, about −7% (fairly valued).
What is the fair value of 300644?
Our model-based fair value for Nanjing Julong Science & Technology Co is ¥20.35 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥21.89.
What is the quality score of 300644?
Nanjing Julong Science & Technology Co 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 Nanjing Julong Science & Technology Co (300644)?
Nanjing Julong Science & Technology Co reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300644?
The net profit margin of Nanjing Julong Science & Technology Co is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
Does Nanjing Julong Science & Technology Co pay a dividend?
Nanjing Julong Science & Technology Co currently shows a dividend yield of about 0.97% relative to its recent price (as of Jul 9, 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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