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Xinxiang Richful Lube Additive Co (300910) Fair Value & Analysis

Basic Materials · CN · Market cap 9.5B CNY

XR Xinxiang Richful Lube Additive Co 300910 · SHE
Price¥29.15
Fair Value¥36.87
Upside+26.5%
Quality60/100
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Healthy Growth
Solidly profitable · 19.3% net margin
Low debt · generates free cash flow
3.40% dividend yield
Ranks above peers (10/14)
Wide moat 71/100
Evidence: High Range ¥27.60 – ¥79.67 Share as image

Fair value as of: Jul 9, 2026

From 26 valuation models · updated 32 days ago

A solid business, screening 26% undervalued on our models.

What matters now

  • The model range is unusually wide (¥27.60 to ¥79.67). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥58.11 ¥13.78 Fair Value ¥36.87 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 ¥13.78 – ¥58.11 · fair‑value band ¥27.60 – ¥79.67 · the ¥29.15 price screens below the ¥36.87 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Xinxiang Richful Lube Additive Co (300910) currently trades at ¥29.15, while our model-based Fair Value estimate is ¥36.87, implying the stock looks roughly 26.5% undervalued today. The Quality Score stands at 60/100 (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, Xinxiang Richful Lube Additive Co generated revenue of 3.5B CNY at a net margin of 19.3%. Revenue grew 3.2% year over year. It earns a return on equity of 18.1%. Net debt stands at 63.2M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥27.60 (bear case) to ¥79.67 (bull case); at ¥29.15, 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 40% 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 26%, 300910 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
Growth DCF ¥24.20 ¥41.60 ¥75.65 80
Residual Income ¥15.57 ¥19.93 ¥61.51 76
Rev-Margin DCF ¥18.91 ¥34.03 ¥62.39 74
All 26 models by family
DCF Models
FCF DCF ¥25.62 ¥38.15 ¥77.22 38
Owner Earnings ¥29.17 ¥61.72 ¥127.56 31
5Y Revenue Exit ¥18.84 ¥30.04 ¥53.41 39
5Y EBITDA Exit ¥25.87 ¥44.25 ¥80.31 41
5Y P/E Exit ¥32.46 ¥71.64 ¥125.39 38
10Y Revenue Exit ¥20.60 ¥40.34 ¥52.29 36
10Y EBITDA Exit ¥26.15 ¥55.13 ¥105.63 37
10Y P/E Exit ¥30.85 ¥68.99 ¥132.46 35
Earnings-Based
Graham-Dodd ¥16.92 ¥118.00 ¥165.60 54
Lynch FV ¥44.14 ¥63.06 ¥81.97 50
PEG = 1.0 ¥44.14 ¥63.06 ¥81.97 46
EPV ¥23.10 ¥26.37 ¥29.19 59
Dividend Discount
Gordon GGM ¥10.34 ¥20.60 ¥31.20 70
DDM Multi-Stage ¥10.34 ¥17.81 ¥21.75 61
Multiples
P/E Multiple ¥31.73 ¥42.30 ¥52.88 63
P/S Multiple ¥13.29 ¥17.71 ¥22.14 58
P/B Multiple ¥29.05 ¥38.74 ¥48.42 55
EV/EBIT ¥30.21 ¥39.48 ¥48.75 53
EV/EBITDA ¥25.20 ¥32.81 ¥40.41 54
EV/Revenue ¥14.80 ¥20.11 ¥25.43 43
Asset-Based
NCAV (Graham) ¥6.46 ¥8.65 ¥12.91 50
Growth DCF
Growth DCF ¥24.20 ¥41.60 ¥75.65 80
Rev-Margin DCF ¥18.91 ¥34.03 ¥62.39 74
Economic Profit
Residual Income ¥15.57 ¥19.93 ¥61.51 76
ROIC Compounder ¥29.22 ¥42.58 ¥54.10 72
Growth Earnings
Growth-Adj P/E ¥52.28 ¥74.68 ¥97.08 68

Widest divergence: Growth Earnings (¥74.68) versus Asset-Based (¥8.65). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 3.5B CNY
Revenue growth (YoY) +3.2%
Net margin 19.3%
Return on equity 18.1%
Free cash flow 432M CNY FY2025
P/E ratio 18.2
More key figures
Operating margin 18.8%
EPS (TTM) ¥1.77
Dividend yield 3.4%
EPS growth (YoY) -28.8%
Net debt 63.2M CNY FY2025

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 61 · Market factors (momentum, volatility) 26

Profitability 66
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 68
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

Xinxiang Richful Lube Additive Co.,Ltd. engages in the research, development, production, and sales of fine chemical products in China and internationally.

Full company description

Xinxiang Richful Lube Additive Co.,Ltd. engages in the research, development, production, and sales of fine chemical products in China and internationally. The company provides lubricant additive-components, such as detergent, dispersant, ZDDP, viscosity index improver, and others; and lubricant oil additive-packages, including automotive engine oil, industrial oil, agricultural machine fluid, and marine oil additive package. It also offers grease thickener and esters; and specialty additives comprising resin color developer, rubber and plastic additive, emulsifier, and fuel additives. The company was founded in 1996 and is based in Xinxiang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Xinxiang Richful Lube Additive Co reported revenue of ¥3.5B in FY2025 versus ¥1.1B in FY2021, a compound +34.1%/yr. Reported net income was ¥736M in FY2025, compounding +38.3%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.5B CNY
Latest YoY
+10.7%
Avg. growth/yr (3Y)
+4.7%
Avg. growth/yr (5Y)
+32.3%
Avg. growth/yr (9Y)
+30.5%
Revenue +34.1%/yr
FY21 ¥1.1B
FY22 ¥3.0B
FY23 ¥2.8B
FY24 ¥3.2B
FY25 ¥3.5B
Net income +38.3%/yr
FY21 ¥201M
FY22 ¥588M
FY23 ¥606M
FY24 ¥722M
FY25 ¥736M

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Cite: Fair Value Calculator (2026). "Xinxiang Richful Lube Additive Co Fair Value". https://www.fairvalue-calculator.com/stock/300910

Peer Group

Specialty Chemicals · 676 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 60 · Above median
Fair Value upside +27% · Top 25%
Return on equity (TTM) 18% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 3.4% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 18.2× · Cheaper than median
P/B 2.49× · Pricier than median
P/S (TTM) 2.69× · Pricier than median
P/FCF 3.3× · Pricier than median
EV/EBITDA 10.5× · Cheaper 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 69 · sector 0
FUTURE 16 · sector 19
PAST 72 · sector 23
HEALTH 98 · sector 95
DIVIDEND 68 · sector 25

Insider activity: 40/100

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).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
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 Xinxiang Richful Lube Additive Co (300910) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥36.87 versus a price of ¥29.15, about +26% (undervalued).
What is the fair value of 300910?
Our model-based fair value for Xinxiang Richful Lube Additive Co is ¥36.87 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥29.15.
What is the quality score of 300910?
Xinxiang Richful Lube Additive Co has a Quality Score of 60/100. 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 Xinxiang Richful Lube Additive Co (300910)?
Xinxiang Richful Lube Additive Co reported trailing-twelve-month revenue of about 3.5B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 300910?
The net profit margin of Xinxiang Richful Lube Additive Co is about 19.3%, meaning it keeps roughly 19.3% of revenue as net income. Based on the latest reported figures.
Does Xinxiang Richful Lube Additive Co pay a dividend?
Xinxiang Richful Lube Additive Co currently shows a dividend yield of about 3.40% 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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