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Shandong Kaisheng New Materials Co (301069) Fair Value & Analysis

Basic Materials · CN · Market cap 10.3B CNY

SK Shandong Kaisheng New Materials Co 301069 · SHE
Price¥16.78
Fair Value¥4.82
Upside-71.3%
Quality54/100
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Healthy Growth
Solidly profitable · 13.3% net margin
Low debt · generates free cash flow
0.43% dividend yield
Mixed vs. peers (7/14)
Moderate moat 50/100
Evidence: High Range ¥3.42 – ¥6.02 Share as image

Fair value as of: Jul 9, 2026

From 24 valuation models · updated 32 days ago

Share price −15.3% over the past month.

A solid business, but screening 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥6.02). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥68.23 ¥10.67 Fair Value ¥4.82 Sep 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

58‑month range ¥10.67 – ¥68.23 · fair‑value band ¥3.42 – ¥6.02 · the ¥16.78 price screens above the ¥4.82 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Shandong Kaisheng New Materials Co (301069) currently trades at ¥16.78, while our model-based Fair Value estimate is ¥4.82, implying the stock looks roughly 71.3% overvalued today. The Quality Score stands at 54/100 (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, Shandong Kaisheng New Materials Co generated revenue of 1.0B CNY at a net margin of 13.3%. Revenue grew 8.1% year over year. It earns a return on equity of 7.0%. Net debt stands at 82.6M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥3.42 (bear case) to ¥6.02 (bull case); at ¥16.78, 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 50% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -71%, 301069 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 BearBaseBull Evidence
Highest evidence
Growth DCF ¥2.83 ¥4.02 ¥5.76 80
Residual Income ¥3.72 ¥3.84 ¥3.89 76
Rev-Margin DCF ¥2.84 ¥4.31 ¥6.06 74
All 24 models by family
DCF Models
FCF DCF ¥2.80 ¥4.18 ¥6.34 38
Owner Earnings ¥6.98 ¥10.93 ¥17.15 31
5Y Revenue Exit ¥2.84 ¥4.33 ¥6.25 39
5Y EBITDA Exit ¥4.06 ¥6.67 ¥9.78 41
5Y P/E Exit ¥3.47 ¥5.53 ¥7.75 38
10Y Revenue Exit ¥2.73 ¥4.10 ¥6.00 36
10Y EBITDA Exit ¥3.59 ¥5.75 ¥8.76 37
10Y P/E Exit ¥3.21 ¥4.95 ¥7.17 35
Earnings-Based
Graham-Dodd ¥1.93 ¥6.72 ¥9.03 54
Lynch FV ¥1.56 ¥2.23 ¥2.90 50
PEG = 1.0 ¥1.56 ¥2.23 ¥2.90 46
EPV ¥3.07 ¥3.48 ¥3.85 59
Multiples
P/E Multiple ¥3.61 ¥4.82 ¥6.02 63
P/S Multiple ¥2.55 ¥3.40 ¥4.25 58
P/B Multiple ¥3.61 ¥4.82 ¥6.02 55
EV/EBIT ¥4.05 ¥5.21 ¥6.37 53
EV/EBITDA ¥5.19 ¥6.73 ¥8.26 54
EV/Revenue ¥2.95 ¥3.97 ¥4.99 43
Asset-Based
NCAV (Graham) ¥2.36 ¥3.16 ¥4.72 50
Growth DCF
Growth DCF ¥2.83 ¥4.02 ¥5.76 80
Rev-Margin DCF ¥2.84 ¥4.31 ¥6.06 74
Economic Profit
Residual Income ¥3.72 ¥3.84 ¥3.89 76
ROIC Compounder ¥3.07 ¥3.48 ¥3.85 72
Growth Earnings
Growth-Adj P/E ¥3.20 ¥4.57 ¥5.94 68

Widest divergence: DCF Models (¥4.95) versus Earnings-Based (¥2.23). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.0B CNY
Revenue growth (YoY) +8.1%
Net margin 13.3%
Return on equity 7.0%
Free cash flow 86.2M CNY FY2025
P/E ratio 71.1
More key figures
Operating margin 16.4%
EPS (TTM) ¥0.3200
Dividend yield 0.4%
EPS growth (YoY) +25.0%
Net debt 82.6M CNY FY2024

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

Quality Score breakdown

Overall quality 54/100

Of which business quality 54 · Market factors (momentum, volatility) 35

Profitability 35
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 26
Distance to the 52-week high (market factor)
Net Issuance 42
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

Shandong Kaisheng New Materials Co.,Ltd. engages in the research and development, production, and sale of fine chemical products and new polymer materials in Mainland China, Japan, South Korea, the United States, and internationally.

Full company description

Shandong Kaisheng New Materials Co.,Ltd. engages in the research and development, production, and sale of fine chemical products and new polymer materials in Mainland China, Japan, South Korea, the United States, and internationally. The company offers inorganic chemicals, including thionyl chloride and sulfuryl chloride; anthracene chlorides, such as aramid polymerization monomers, p-nitrobenzoyl chloride, chloroacetyl chloride, etc.; hydroxy chlorides comprising chloric acid; and polyacids and ketones, as well as polyetheretone ketone powder. Its products are used in aerospace, food additives, protective equipment, and pesticide medicine applications. The company was founded in 2005 and is headquartered in Zibo, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Kaisheng New Materials Co reported revenue of ¥1.0B in FY2025 versus ¥880M in FY2021, a compound +3.9%/yr. Reported net income was ¥128M in FY2025, compounding −9.7%/yr from FY2021.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
+10.6%
Avg. growth/yr (3Y)
+0.5%
Avg. growth/yr (5Y)
+10.5%
Avg. growth/yr (6Y)
+7.7%
Revenue +3.9%/yr
FY21 ¥880M
FY22 ¥1.0B
FY23 ¥987M
FY24 ¥928M
FY25 ¥1.0B
Net income −9.7%/yr
FY21 ¥193M
FY22 ¥235M
FY23 ¥158M
FY24 ¥56.0M
FY25 ¥128M

301069 screens 71% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Shandong Kaisheng New Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/301069

Peer Group

Chemicals · 334 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 54 · Above median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 8% · Above median
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 71.1× · Pricier than 75% of peers
P/B 4.82× · Pricier than 75% of peers
P/S (TTM) 9.84× · Pricier than 75% of peers
P/FCF 17.8× · Pricier than 75% of peers
EV/EBITDA 36.4× · 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.

VALUE 0 · sector 0
FUTURE 41 · sector 20
PAST 28 · sector 19
HEALTH 97 · sector 94
DIVIDEND 9 · sector 27

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Shandong Kaisheng New Materials Co (301069) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥4.82 versus a price of ¥16.78, about −71% (overvalued).
What is the fair value of 301069?
Our model-based fair value for Shandong Kaisheng New Materials Co is ¥4.82 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥16.78.
What is the quality score of 301069?
Shandong Kaisheng New Materials Co has a Quality Score of 54/100. 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 Shandong Kaisheng New Materials Co (301069)?
Shandong Kaisheng New Materials Co reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301069?
The net profit margin of Shandong Kaisheng New Materials Co is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does Shandong Kaisheng New Materials Co pay a dividend?
Shandong Kaisheng New Materials Co currently shows a dividend yield of about 0.43% 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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