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China Resources Chemical Innovative Materials Co (301090) Fair Value & Analysis

Basic Materials · CN · Market cap 10.4B CNY

CR China Resources Chemical Innovative Materials Co 301090 · SHE
Price¥6.50
Fair Value¥3.80
Upside-41.5%
Quality59/100
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Weak Growth
Loss-making · -0.4% net margin
Low debt · generates free cash flow
Trails peers (4/11)
Narrow moat 23/100
Evidence: Medium Range ¥3.60 – ¥3.98 Share as image

Fair value as of: Jul 9, 2026

From 11 valuation models · updated 32 days ago

Fair value updated Jul 9, 2026, revised from ¥4.03 to ¥3.80 (−5.7%) since Jun 24, 2026. Share price +2.0% over the past month.

A solid business, but screening 42% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.98). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (¥3.60 to ¥3.98), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

¥18.65 ¥5.31 Fair Value ¥3.80 Oct 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

57‑month range ¥5.31 – ¥18.65 · fair‑value band ¥3.60 – ¥3.98 · the ¥6.50 price screens above the ¥3.80 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

China Resources Chemical Innovative Materials Co (301090) currently trades at ¥6.50, while our model-based Fair Value estimate is ¥3.80, implying the stock looks roughly 41.5% overvalued today. The Quality Score stands at 59/100 (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: medium).

Over the trailing twelve months, China Resources Chemical Innovative Materials Co generated revenue of 13.1B CNY at a net margin of -0.4%. Revenue grew 0.5% year over year. It earns a return on equity of -0.7%. The balance sheet holds a net cash position of 2.2B CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥3.60 (bear case) to ¥3.98 (bull case); at ¥6.50, 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 31% 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 -42%, 301090 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 ¥2.57 ¥3.29 ¥4.51 80
Rev-Margin DCF ¥2.32 ¥3.14 ¥4.14 74
EV/EBITDA ¥0.9000 ¥0.9900 ¥1.08 54
All 11 models by family
DCF Models
FCF DCF ¥2.49 ¥3.22 ¥4.58 38
Owner Earnings ¥0.9200 ¥1.03 ¥1.25 31
5Y Revenue Exit ¥2.32 ¥3.10 ¥4.22 39
5Y EBITDA Exit ¥1.48 ¥1.64 ¥1.85 41
10Y Revenue Exit ¥2.33 ¥2.91 ¥3.53 36
10Y EBITDA Exit ¥1.86 ¥2.01 ¥2.14 37
Multiples
EV/EBITDA ¥0.9000 ¥0.9900 ¥1.08 54
EV/Revenue ¥2.37 ¥3.12 ¥3.87 43
Asset-Based
NCAV (Graham) ¥2.17 ¥2.90 ¥4.34 50
Growth DCF
Growth DCF ¥2.57 ¥3.29 ¥4.51 80
Rev-Margin DCF ¥2.32 ¥3.14 ¥4.14 74

Widest divergence: Growth DCF (¥3.14) versus Multiples (¥0.9900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 13.1B CNY
Revenue growth (YoY) +0.5%
Net margin -0.4%
Return on equity -0.7%
Free cash flow 283M CNY FY2025
Operating margin -0.1%
More key figures
EPS (TTM) ¥-0.0300
EPS growth (YoY) -52.0%
Net cash 2.2B CNY FY2024

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 34

Profitability 28
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 85
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

China Resources Chemical Innovative Materials Co., Ltd. engages in the production and sale of non-fiber grade polyester chips in China and internationally. The company offers polyester bottle flakes.

Full company description

China Resources Chemical Innovative Materials Co., Ltd. engages in the production and sale of non-fiber grade polyester chips in China and internationally. The company offers polyester bottle flakes. Its products are used in drinking water, hot-filled beverages, carbonated beverages, edible oil and beer, alcohol packaging, medical blood collection tubes, films, sheets, condiment packaging, and other fields. The company is also involved in export and wholesale operations; and provides warehousing services. It also sells its products online. The company was founded in 2003 and is headquartered in Changzhou, China. China Resources Chemical Innovative Materials Co., Ltd. is a subsidiary of China Resources Chemical Materials Investment Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Resources Chemical Innovative Materials Co reported revenue of ¥13.1B in FY2025 versus ¥13.2B in FY2021, a compound −0.3%/yr. Reported net income was −¥86.1M in FY2025.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
13.1B CNY
Latest YoY
−27.6%
Avg. growth/yr (3Y)
−9.0%
Avg. growth/yr (5Y)
+1.1%
Avg. growth/yr (8Y)
+0.6%
Revenue −0.3%/yr
FY21 ¥13.2B
FY22 ¥17.3B
FY23 ¥17.2B
FY24 ¥18.1B
FY25 ¥13.1B
Net income
FY21 ¥432M
FY22 ¥824M
FY23 ¥381M
FY24 −¥570M
FY25 −¥86.1M

301090 screens 42% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "China Resources Chemical Innovative Materials Co Fair Value". https://www.fairvalue-calculator.com/stock/301090

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 59 · Above median
Fair Value upside −42% · Below median
Return on assets -2% · Bottom 25%
Net margin (TTM) -0% · Bottom 25%
Operating margin (TTM) -0% · Bottom 25%
Revenue growth 1% · Below median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/B 0.24× · Cheaper than 75% of peers
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 5.5× · 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 0 · sector 0
FUTURE 3 · sector 19
PAST 0 · sector 23
HEALTH 99 · sector 95
DIVIDEND 0 · sector 25

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 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 China Resources Chemical Innovative Materials Co (301090) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥3.80 versus a price of ¥6.50, about −42% (overvalued).
What is the fair value of 301090?
Our model-based fair value for China Resources Chemical Innovative Materials Co is ¥3.80 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥6.50.
What is the quality score of 301090?
China Resources Chemical Innovative Materials Co has a Quality Score of 59/100. 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 China Resources Chemical Innovative Materials Co (301090)?
China Resources Chemical Innovative Materials Co reported trailing-twelve-month revenue of about 13.1B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301090?
The net profit margin of China Resources Chemical Innovative Materials Co is about -0.4%, meaning it is currently running at a net loss. 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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