Ningbo Color Master Batch Co. Ltd. (301019) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ningbo Color Master Batch Co. Ltd. stock ¥5.05, price ¥13.23, that is 61.8% below the price, quality 70 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥9.77 – ¥29.67 · fair‑value band ¥4.45 – ¥6.24 · the ¥13.23 price screens above the ¥5.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Ningbo Color Master Batch Co., Ltd. engages in the research and development, production, and sales of plastic coloring products in China and internationally. The company offers color, black, white, additive, and functional masterbatch products under the MINGZHOU brand.
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Its products are used in electronics, daily necessities, food and beverages, daily chemicals, building materials, agriculture, automobiles, medical treatment, high-end home appliances, food and beverage packaging, optical films, etc. The company was founded in 1999 and is based in Ningbo, China.
Stock analysis
Ningbo Color Master Batch Co. Ltd. (301019) currently trades at ¥13.23, while our model-based Fair Value estimate is ¥5.05, 62% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥7.74 per share, and 1 of the 24 models we run sit above the ¥13.23 price.
Bear case: the Growth DCF group reads lowest at ¥3.92, and 23 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥4.45 (bear) to ¥6.24 (bull), the price of ¥13.23 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Ningbo Color Master Batch Co. Ltd. reported revenue of 469M CNY in FY2025 versus 492M CNY in FY2021, a compound −1.2%/yr. Reported net income was 110M CNY in FY2025, compounding +0.2%/yr from FY2021.
Key figures
Market cap 2.5B CNY (≈ $375M) Small · P/E ratio 20.0 · P/S ratio 4.87 · EPS (TTM) ¥0.6600 · Dividend yield 4.1% · Net margin 22.7% · Return on equity 11.1% · Return on assets (EBIT) 9.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 69 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −62%, 301019 screens richer than that median.
Fair Value models
Bear¥4.45Fair Value ¥5.05Bull¥6.24
Price ¥13.23 · Downside -61.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.1012 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−4.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+0.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.8%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)4.1%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.28% → 24%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+19.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +17.0% a year for the price.
Compare Ningbo Color Master Batch Co. Ltd. with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Chemicals · 726 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside−61.8% · Bottom 25%
Profitability
Return on equity (12 months)11.1% · Above median
Return on assets8.8% · Top 25%
Net margin (12 months)22.7% · Top 25%
Operating margin (12 months)21.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)22.3% · Above median
Dividend yield (12 months)4.1% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)20.0× · Cheaper than median
P/B2.26× · Pricier than median
P/S (12 months)4.87× · Priciest 25%
Price / free cash flow (fiscal year)38.9× · Pricier than median
EV/EBITDA18.4× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 66
PAST (return on equity)44· sector 26
HEALTH (low debt)0· sector 95
DIVIDEND (yield)82· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ningbo Color Master Batch Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/301019
Frequently asked questions
Is Ningbo Color Master Batch Co. Ltd. (301019) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥5.05 versus a price of ¥13.23, about 62% lower (overvalued).
What is the fair value of 301019?
Our model-based fair value for Ningbo Color Master Batch Co. Ltd. is ¥5.05 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥13.23.
What is the quality score of 301019?
Ningbo Color Master Batch Co. Ltd. has a Quality Score of 70/100. 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 price target for Ningbo Color Master Batch Co. Ltd. (301019)?
Our model-based price target is the fair value of ¥5.05 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario ¥4.45, optimistic scenario ¥6.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Color Master Batch Co. Ltd. stock forecast for 2026?
Our models put fair value at ¥5.05, about 62% lower versus a price of ¥13.23 (overvalued). Cautious scenario ¥4.45, optimistic scenario ¥6.24. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Color Master Batch Co. Ltd. (301019)?
Ningbo Color Master Batch Co. Ltd. reported trailing-twelve-month revenue of about 515M CNY (latest available figure, as of Nov 8, 2026).
Does Ningbo Color Master Batch Co. Ltd. pay a dividend?
Ningbo Color Master Batch Co. Ltd. currently shows a dividend yield of 4.10% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Ningbo Color Master Batch Co. Ltd. (301019) and when is the ex-dividend date?
Ningbo Color Master Batch Co. Ltd. pays a dividend of ¥0.542 per share a year, a dividend yield of 4.1%. The last ex-dividend date was Jul 8, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 82.1% of earnings. Free cash flow covers the dividend 0.60 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Ningbo Color Master Batch Co. Ltd. (301019)?
For today's price to be fair in a discounted-cash-flow model, Ningbo Color Master Batch Co. Ltd. would have to grow free cash flow by +19.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +1.8 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 301019 use?
Our models discount Ningbo Color Master Batch Co. Ltd. at 10.6 %: a base by market capitalisation (small), damped by beta 0.55, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ningbo Color Master Batch Co. Ltd. that is +19.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Ningbo Color Master Batch Co. Ltd. (301019) delivered so far?
Over the past 5 years revenue at Ningbo Color Master Batch Co. Ltd. grew +1.8 % a year. The price currently implies free-cash-flow growth of +19.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ningbo Color Master Batch Co. Ltd. (301019) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Ningbo Color Master Batch Co. Ltd. (+19.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ningbo Color Master Batch Co. Ltd. (301019)?
The free-cash-flow yield on the price is 2.95 %: that much free cash flow Ningbo Color Master Batch Co. Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ningbo Color Master Batch Co. Ltd. (301019)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Color Master Batch Co. Ltd. it is ¥5.05 per share (as of Nov 8, 2026), against a price of ¥13.23. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Ningbo Color Master Batch Co. Ltd. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 301019 trades above its calculated fair value: price ¥13.23, fair value ¥5.05, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 301019?
No. The price is what the market pays today (¥13.23); the fair value is what the company's own numbers justify (¥5.05). For Ningbo Color Master Batch Co. Ltd. the two are ¥8.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Color Master Batch Co. Ltd. worth?
The market values Ningbo Color Master Batch Co. Ltd. at about 2.5B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥13.23; our models calculate a fair value of ¥5.05 per share.
What do the bullish and bearish scenarios say about 301019?
Our models span a range for Ningbo Color Master Batch Co. Ltd.: cautious scenario ¥4.45, base ¥5.05, optimistic ¥6.24 per share (as of Nov 8, 2026, price ¥13.23). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 301019?
Ningbo Color Master Batch Co. Ltd. trades at a price-to-earnings ratio of 20.0 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥5.05 is built from several models across several years. Other multiples: P/B 2.3, P/S 4.9, EV/EBITDA 18.4.
How solid is the balance sheet of Ningbo Color Master Batch Co. Ltd. (301019)?
Balance-sheet figures for Ningbo Color Master Batch Co. Ltd. (as of Nov 8, 2026): return on equity 11.1%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is 301019 from its 52-week high?
Ningbo Color Master Batch Co. Ltd. trades at ¥13.23, about 55% below its 52-week high of ¥29.67 and 3% above the low of ¥12.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥5.05 is for.
Which stocks are comparable to Ningbo Color Master Batch Co. Ltd.?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ningbo Color Master Batch Co. Ltd. stock attractive at the current price?
The data as of Nov 8, 2026: price ¥13.23, calculated fair value ¥5.05 (−62%), Quality Score 70/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 301019 calculated?
We run Ningbo Color Master Batch Co. Ltd. through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥5.05 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ningbo Color Master Batch Co. Ltd. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ningbo Color Master Batch Co. Ltd. (301019)?
The closing price on Nov 6, 2026 was ¥13.23. Our model-based fair value is ¥5.05, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Color Master Batch Co. Ltd. right now?
The price sits above even our optimistic bull case (¥6.24). The favourable scenario is already priced in. Solid but not exceptional quality (70/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Ningbo Color Master Batch Co. Ltd.
How large is the market capitalisation of Ningbo Color Master Batch Co. Ltd. (301019)?
The market capitalisation of Ningbo Color Master Batch Co. Ltd. is 2.5B CNY (≈ $375M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ningbo Color Master Batch Co. Ltd. (301019)?
The price-to-sales ratio of Ningbo Color Master Batch Co. Ltd. is 4.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ningbo Color Master Batch Co. Ltd. (301019)?
Earnings per share at Ningbo Color Master Batch Co. Ltd. are ¥0.6600 (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningbo Color Master Batch Co. Ltd. (301019)?
The dividend yield of Ningbo Color Master Batch Co. Ltd. is 4.1% (payout 82.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ningbo Color Master Batch Co. Ltd. (301019)?
The net margin of Ningbo Color Master Batch Co. Ltd. is 22.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ningbo Color Master Batch Co. Ltd. (301019)?
The return on equity (ROE) of Ningbo Color Master Batch Co. Ltd. is 11.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ningbo Color Master Batch Co. Ltd. (301019)?
On an EBIT basis the return on assets of Ningbo Color Master Batch Co. Ltd. is 9.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ningbo Color Master Batch Co. Ltd. (301019)?
The operating margin of Ningbo Color Master Batch Co. Ltd. is 21.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Color Master Batch Co. Ltd. (301019)?
Revenue at Ningbo Color Master Batch Co. Ltd. is growing +22.3% versus a year earlier (3y avg +0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ningbo Color Master Batch Co. Ltd. (301019)?
Earnings per share at Ningbo Color Master Batch Co. Ltd. are growing +12.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ningbo Color Master Batch Co. Ltd. (301019) hold?
Ningbo Color Master Batch Co. Ltd. holds more cash than debt, 87.0M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026