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Rastar Environmental Protection Materials Co.Ltd. (300834) Fair Value & Analysis

Basic Materials · CN · Market cap 9.1B CNY

RE Rastar Environmental Protection Materials Co.Ltd. 300834 · SHE
Price¥39.36
Fair Value¥4.41
Upside-88.8%
Quality56/100

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 89% ABOVE our fair value of ¥4.41
!Weak Growth
!Thin margins · 4.3% net margin
!Trails peers (3/13)
Weak Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
0.32% dividend yield
Trails peers (3/13)
Narrow moat 22/100
Evidence: High Range ¥3.31 – ¥5.51 Share as image

Fair value as of: Aug 13, 2026

From 19 valuation models · updated 9 days ago

Share price +3.4% over the past month.

A solid business, but screening 89% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (¥5.51). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥50.15 ¥13.89 Fair Value ¥4.41 Jan 2022 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

55‑month range ¥13.89 – ¥50.15 · fair‑value band ¥3.31 – ¥5.51 · the ¥39.36 price screens above the ¥4.41 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Rastar Environmental Protection Materials Co.Ltd. (300834) currently trades at ¥39.36, while our model-based Fair Value estimate is ¥4.41, implying the stock looks roughly 88.8% overvalued today. The Quality Score stands at 56/100 (solid 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, Rastar Environmental Protection Materials Co.Ltd. generated revenue of 1.2B CNY at a net margin of 4.3%. Revenue declined 26.2% year over year. It earns a return on equity of 1.8%. Net debt stands at 723M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥3.31 (bear case) to ¥5.51 (bull case); at ¥39.36, 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 26% below its 52-week high and 87% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -55% fair-value upside, at -89%, 300834 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 ¥5.88 ¥7.88 ¥11.19 80
Residual Income ¥10.37 ¥9.71 ¥7.33 76
Rev-Margin DCF ¥5.30 ¥7.84 ¥10.96 74
All 19 models by family
DCF Models
FCF DCF ¥5.64 ¥7.71 ¥11.44 38
Owner Earnings ¥3.90 ¥5.34 ¥7.92 31
5Y Revenue Exit ¥5.30 ¥7.70 ¥11.19 39
5Y EBITDA Exit ¥2.93 ¥3.59 ¥4.48 41
5Y P/E Exit ¥3.93 ¥5.33 ¥7.01 38
10Y Revenue Exit ¥5.26 ¥7.03 ¥8.92 36
10Y EBITDA Exit ¥3.99 ¥4.54 ¥5.07 37
10Y P/E Exit ¥4.58 ¥5.59 ¥6.52 35
Earnings-Based
Graham-Dodd ¥1.76 ¥2.16 ¥2.42 54
Multiples
P/E Multiple ¥3.31 ¥4.41 ¥5.51 63
P/S Multiple ¥3.31 ¥4.41 ¥5.51 58
P/B Multiple ¥3.31 ¥4.41 ¥5.51 55
EV/EBITDA ¥1.32 ¥1.78 ¥2.23 54
EV/Revenue ¥5.54 ¥7.93 ¥10.32 43
Asset-Based
NCAV (Graham) ¥7.55 ¥10.12 ¥15.11 50
Growth DCF
Growth DCF ¥5.88 ¥7.88 ¥11.19 80
Rev-Margin DCF ¥5.30 ¥7.84 ¥10.96 74
Economic Profit
Residual Income ¥10.37 ¥9.71 ¥7.33 76
Growth Earnings
Growth-Adj P/E ¥2.36 ¥3.36 ¥4.37 68

Widest divergence: Asset-Based (¥10.12) versus Earnings-Based (¥2.16). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B CNY
Revenue growth (YoY) -26.2%
Net margin 4.3%
Return on equity 1.8%
Free cash flow 119M CNY FY2025
P/E ratio 140.6
More key figures
Operating margin 3.0%
EPS (TTM) ¥0.2800
Dividend yield 0.3%
EPS growth (YoY) +10.0%
Net debt 723M CNY FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 58 · Market factors (momentum, volatility) 67

Profitability 17
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 70
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

Rastar Environmental Protection Materials Co., Ltd. is mainly engaged in the manufacture and sale of plastic in China and internationally. The company also engages in research and development, production and sales of polystyrene. The company provides high-impact polystyrene and general-purpose polystyrene products.

Full company description

Rastar Environmental Protection Materials Co., Ltd. is mainly engaged in the manufacture and sale of plastic in China and internationally. The company also engages in research and development, production and sales of polystyrene. The company provides high-impact polystyrene and general-purpose polystyrene products. Its products are primarily used in electronic appliances, toys, daily plastic products, plastic packaging, building materials, medical equipment, and other fields. The company was founded in 2006 and is based in Shantou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rastar Environmental Protection Materials Co.Ltd. reported revenue of ¥1.3B in FY2025 versus ¥2.0B in FY2021, a compound −9.8%/yr. Reported net income was ¥50.2M in FY2025, compounding −35.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.3B CNY
Latest YoY
−22.4%
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.
−11.3%
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.
−0.1%
Avg. growth/yr (8Y) 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.
+0.5%
Revenue −9.8%/yr
FY21 ¥2.0B
FY22 ¥1.9B
FY23 ¥1.6B
FY24 ¥1.7B
FY25 ¥1.3B
Net income −35.6%/yr
FY21 ¥292M
FY22 ¥140M
FY23 ¥80.1M
FY24 ¥97.2M
FY25 ¥50.2M

300834 screens 89% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Rastar Environmental Protection Materials Co.Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/300834

Peer Group

Chemicals · 332 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 56 · Above median
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets -0% · Below median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -26% · Bottom 25%
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 140.6× · Pricier than 75% of peers
P/B 3.12× · Pricier than 75% of peers
P/S (TTM) 7.48× · Pricier than 75% of peers
P/FCF 11.4× · 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
FUTURE0 · sector 19
PAST7 · sector 20
HEALTH97 · sector 94
DIVIDEND8 · sector 32

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 467.04 MXN -55%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR -15%
LG Chem, Ltd 051910 252,500 KRW 587,755 KRW +133%
SRF Limited 503806 ₹2,609 ₹749.17 -71%
542812 542812 ₹4,709 ₹791.05 -83%
Navin Fluorine International Limited NAVINFLUOR ₹8,196 ₹2,199 -73%
Deepak Nitrite Limited DEEPAKNI ₹1,768 ₹824.05 -53%
523642 523642 ₹2,484 ₹1,745 -30%
506285 506285 ₹4,048 ₹1,589 -61%
Kansai Nerolac Paints Limited 500165 ₹209.25 ₹80.51 -62%

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Frequently asked questions

Is Rastar Environmental Protection Materials Co.Ltd. (300834) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥4.41 versus a price of ¥39.36, about −89% (overvalued).
What is the fair value of 300834?
Our model-based fair value for Rastar Environmental Protection Materials Co.Ltd. is ¥4.41 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥39.36.
What is the quality score of 300834?
Rastar Environmental Protection Materials Co.Ltd. has a Quality Score of 56/100. 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 Rastar Environmental Protection Materials Co.Ltd. (300834)?
Rastar Environmental Protection Materials Co.Ltd. reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 300834?
The net profit margin of Rastar Environmental Protection Materials Co.Ltd. is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Rastar Environmental Protection Materials Co.Ltd. pay a dividend?
Rastar Environmental Protection Materials Co.Ltd. currently shows a dividend yield of about 0.32% 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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