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Super-Dragon Engineering Plastics Co (301131) Fair Value & Analysis

Industrials · CN · Market cap 2.0B CNY

SD Super-Dragon Engineering Plastics Co 301131 · SHE
Price¥34.19
Fair Value¥11.28
Upside-67.0%
Quality43/100
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Expensive Growth
Thin margins · 1.6% net margin
Moderate debt · negative free cash flow
1.05% dividend yield
Trails peers (3/13)
Narrow moat 30/100
Evidence: Medium Range ¥9.43 – ¥14.55 Share as image

Fair value as of: Jul 9, 2026

From 14 valuation models · updated 32 days ago

Share price +7.5% over the past month.

Below-average quality, and screening another 67% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥14.55). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (4 years)

¥73.98 ¥26.88 Fair Value ¥11.28 Mar 2022 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

53‑month range ¥26.88 – ¥73.98 · fair‑value band ¥9.43 – ¥14.55 · the ¥34.19 price screens above the ¥11.28 fair value. Dashed = 300-day average. As of Jul 9, 2026.

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Analysis

Super-Dragon Engineering Plastics Co (301131) currently trades at ¥34.19, while our model-based Fair Value estimate is ¥11.28, implying the stock looks roughly 67.0% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Industrials 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, Super-Dragon Engineering Plastics Co generated revenue of 1.6B CNY at a net margin of 1.6%. Revenue grew 1.1% year over year. It earns a return on equity of 2.9%. Net debt stands at 511M CNY. Fundamentals as of Jul 9, 2026

Our scenario range runs from ¥9.43 (bear case) to ¥14.55 (bull case); at ¥34.19, 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 41% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -67%, 301131 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 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. Evidence
Highest evidence
Residual Income ¥11.05 ¥10.63 ¥8.70 76
ROIC Compounder ¥6.41 ¥8.10 ¥9.51 72
Growth-Adj P/E ¥7.83 ¥11.19 ¥14.55 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥4.07 ¥18.55 ¥25.44 54
Lynch FV ¥4.86 ¥6.94 ¥9.02 50
PEG = 1.0 ¥4.86 ¥6.94 ¥9.02 46
EPV ¥6.41 ¥8.10 ¥9.51 59
Multiples
P/E Multiple ¥9.43 ¥12.57 ¥15.72 63
P/S Multiple ¥7.63 ¥10.18 ¥12.72 58
P/B Multiple ¥7.63 ¥10.18 ¥12.72 55
EV/EBIT ¥15.96 ¥23.27 ¥30.59 53
EV/EBITDA ¥17.88 ¥25.83 ¥33.78 54
EV/Revenue ¥9.68 ¥16.39 ¥23.10 43
Asset-Based
NCAV (Graham) ¥7.95 ¥10.65 ¥15.89 50
Economic Profit
Residual Income ¥11.05 ¥10.63 ¥8.70 76
ROIC Compounder ¥6.41 ¥8.10 ¥9.51 72
Growth Earnings
Growth-Adj P/E ¥7.83 ¥11.19 ¥14.55 68

Widest divergence: Multiples (¥12.57) versus Earnings-Based (¥6.94). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +1.1%
Net margin 1.6%
Return on equity 2.9%
Free cash flow −122M CNY FY2025
P/E ratio 71.6
More key figures
Operating margin 5.3%
EPS (TTM) ¥0.5000
Dividend yield 1.1%
EPS growth (YoY) -47.9%
Net debt 511M CNY FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 28

Profitability 30
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 81
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

Super-Dragon Engineering Plastics Co., Ltd engages in research, development, manufacturing, and sale of modified plastic products in China. It provides modified general plastics, modified engineering plastics, modified special engineering plastics, and other high polymer materials.

Full company description

Super-Dragon Engineering Plastics Co., Ltd engages in research, development, manufacturing, and sale of modified plastic products in China. It provides modified general plastics, modified engineering plastics, modified special engineering plastics, and other high polymer materials. The company also offers modified PP, modified PC/ABS, modified PA, modified PBT, modified ABS, and other product series. Its products are used in the fields of automotive, household appliances, electronic communication, electrical equipment, medical supply, bathroom lighting, office equipment, and new energy solutions. The company was founded in 1998 and is based in Conghua, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Super-Dragon Engineering Plastics Co reported revenue of ¥1.6B in FY2025 versus ¥1.3B in FY2021, a compound +5.7%/yr. Reported net income was ¥32.7M in FY2025, compounding −15.5%/yr from FY2021.

Growth Quality 38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
−5.0%
Avg. growth/yr (3Y) 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.
+7.6%
Avg. growth/yr (5Y) 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.
+7.9%
Avg. growth/yr (11Y) 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.
+12.8%
Revenue +5.7%/yr
FY21 ¥1.3B
FY22 ¥1.3B
FY23 ¥1.5B
FY24 ¥1.7B
FY25 ¥1.6B
Net income −15.5%/yr
FY21 ¥64.2M
FY22 ¥34.5M
FY23 ¥37.2M
FY24 ¥38.5M
FY25 ¥32.7M
Character of growth · EPS growth decomposed (2014-2024) −11.1 % p.a.
Revenue per share −3.5 pp

of which total revenue +15.0 pp · buybacks/dilution −18.5 pp

EBIT margin −9.3 pp
Tax rate +0.4 pp
Residual (interest, one-offs) +1.3 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

301131 screens 67% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "Super-Dragon Engineering Plastics Co Fair Value". https://www.fairvalue-calculator.com/stock/301131

Peer Group

Electrical Equipment & Parts · 526 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 43 · Below median
Fair Value upside −67% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 1% · Below median
Dividend yield (TTM) 1.1% · Above median
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 71.6× · Pricier than 75% of peers
P/B 2.25× · Cheaper than median
P/S (TTM) 1.20× · Cheaper than median
EV/EBITDA 20.5× · 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 6 · sector 57
PAST 12 · sector 26
HEALTH 73 · sector 97
DIVIDEND 21 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 9, 2026).

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Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
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HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Super-Dragon Engineering Plastics Co (301131) overvalued or undervalued?
As of Jul 9, 2026, our model estimates a fair value of ¥11.28 versus a price of ¥34.19, about −67% (overvalued).
What is the fair value of 301131?
Our model-based fair value for Super-Dragon Engineering Plastics Co is ¥11.28 (as of Jul 9, 2026), built from audited fundamentals. The current price is ¥34.19.
What is the quality score of 301131?
Super-Dragon Engineering Plastics Co has a Quality Score of 43/100. 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 Super-Dragon Engineering Plastics Co (301131)?
Super-Dragon Engineering Plastics Co reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Jul 9, 2026).
What is the net profit margin of 301131?
The net profit margin of Super-Dragon Engineering Plastics Co is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does Super-Dragon Engineering Plastics Co pay a dividend?
Super-Dragon Engineering Plastics Co currently shows a dividend yield of about 1.05% 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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