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Shengtak New Material Co (300881) Fair Value & Analysis

Basic Materials · CN · Market cap 4.5B CNY

SN Shengtak New Material Co 300881 · SHE
Price¥33.09
Fair Value¥34.34
Upside+3.8%
Quality51/100
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Mixed Growth
Thin margins · 7.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/12)
Narrow moat 44/100
Evidence: High Range ¥24.90 – ¥43.77 Share as image

Fair value as of: Jul 9, 2026

From 15 valuation models · updated 32 days ago

Share price −16.4% over the past month.

A solid business, 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.
  • Our model range runs from ¥24.90 (bear) to ¥43.77 (bull), base ¥34.34. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥55.80 ¥14.05 Fair Value ¥34.34 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 ¥14.05 – ¥55.80 · fair‑value band ¥24.90 – ¥43.77 · the ¥33.09 price screens below the ¥34.34 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shengtak New Material Co (300881) currently trades at ¥33.09, while our model-based Fair Value estimate is ¥34.34, implying the stock looks roughly 3.8% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Shengtak New Material Co generated revenue of 3.2B CNY at a net margin of 7.5%. Revenue grew 12.4% year over year. It earns a return on equity of 18.6%. Net debt stands at 375M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥24.90 (bear case) to ¥43.77 (bull case); at ¥33.09, 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 42% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at 4%, 300881 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 BearBaseBull Evidence
Highest evidence
Residual Income ¥14.35 ¥19.11 ¥79.14 76
ROIC Compounder ¥28.16 ¥38.20 ¥51.50 72
Growth-Adj P/E ¥35.50 ¥50.72 ¥65.93 68
All 15 models by family
DCF Models
Owner Earnings ¥25.52 ¥50.31 ¥97.27 31
Earnings-Based
Graham-Dodd ¥15.33 ¥94.28 ¥131.56 54
Lynch FV ¥27.04 ¥38.63 ¥50.21 50
PEG = 1.0 ¥27.04 ¥38.63 ¥50.21 46
EPV ¥23.90 ¥27.38 ¥30.39 59
Multiples
P/E Multiple ¥28.75 ¥38.33 ¥47.92 63
P/S Multiple ¥28.75 ¥38.33 ¥47.92 58
P/B Multiple ¥24.39 ¥32.52 ¥40.66 55
EV/EBIT ¥30.15 ¥39.59 ¥49.02 53
EV/EBITDA ¥27.26 ¥35.74 ¥44.21 54
EV/Revenue ¥26.38 ¥36.89 ¥47.40 43
Asset-Based
NCAV (Graham) ¥5.42 ¥7.26 ¥10.84 50
Economic Profit
Residual Income ¥14.35 ¥19.11 ¥79.14 76
ROIC Compounder ¥28.16 ¥38.20 ¥51.50 72
Growth Earnings
Growth-Adj P/E ¥35.50 ¥50.72 ¥65.93 68

Widest divergence: Growth Earnings (¥50.72) versus Asset-Based (¥7.26). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 3.2B CNY
Revenue growth (YoY) +12.4%
Net margin 7.5%
Return on equity 18.6%
Free cash flow −196M CNY FY2025
P/E ratio 19.3
More key figures
Operating margin 6.4%
EPS (TTM) ¥2.21
EPS growth (YoY) -11.1%
Net debt 375M CNY FY2025

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 50 · Market factors (momentum, volatility) 31

Profitability 52
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 80
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

Shengtak New Material Co., Ltd engages in the research and development, production, and sale of seamless steel pipes for use in industrial energy equipment in China and internationally. The company offers seamless steel tubes, which include alloy steel, stainless steel, and carbon steel pipes.

Full company description

Shengtak New Material Co., Ltd engages in the research and development, production, and sale of seamless steel pipes for use in industrial energy equipment in China and internationally. The company offers seamless steel tubes, which include alloy steel, stainless steel, and carbon steel pipes. It also provides cold rolled precision steel, cold-drawn low-carbon, fluid transportation, integrated spiral finned, rifled, seamless steel, shaped, and stainless-steel tubes, as well as stainless steel-carbon steel composite pipes. In addition, the company offers pressure-welded steel gratings and ball joint railings. It serves power station boiler equipment manufacturing, energy equipment manufacturing, petroleum refining, and other industries. The company was founded in 2001 and is based in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shengtak New Material Co reported revenue of ¥3.1B in FY2025 versus ¥1.1B in FY2021, a compound +29.4%/yr. Reported net income was ¥248M in FY2025, compounding +47.5%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.1B CNY
Latest YoY
+18.3%
Avg. growth/yr (3Y)
+37.7%
Avg. growth/yr (5Y)
+29.0%
Avg. growth/yr (18Y)
+16.7%
Revenue +29.4%/yr
FY21 ¥1.1B
FY22 ¥1.2B
FY23 ¥2.0B
FY24 ¥2.7B
FY25 ¥3.1B
Net income +47.5%/yr
FY21 ¥52.3M
FY22 ¥73.5M
FY23 ¥121M
FY24 ¥226M
FY25 ¥248M

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Cite: Fair Value Calculator (2026). "Shengtak New Material Co Fair Value". https://www.fairvalue-calculator.com/stock/300881

Peer Group

Steel · 378 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 51 · Above median
Fair Value upside +4% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth 12% · Above median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 19.3× · Pricier than median
P/B 3.73× · Pricier than 75% of peers
P/S (TTM) 1.38× · Pricier than median
EV/EBITDA 12.5× · 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 38 · sector 20
FUTURE 62 · sector 4
PAST 74 · sector 15
HEALTH 90 · sector 95
DIVIDEND 0 · sector 41

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

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Shengtak New Material Co (300881) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥34.34 versus a price of ¥33.09, about +4% (fairly valued).
What is the fair value of 300881?
Our model-based fair value for Shengtak New Material Co is ¥34.34 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥33.09.
What is the quality score of 300881?
Shengtak New Material Co has a Quality Score of 51/100. 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 Shengtak New Material Co (300881)?
Shengtak New Material Co reported trailing-twelve-month revenue of about 3.2B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300881?
The net profit margin of Shengtak New Material Co is about 7.5%, meaning it keeps roughly 7.5% 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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