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Kingfa Sci. & Tech. Co (600143) Fair Value & Analysis

Basic Materials · CN · Market cap 42.8B CNY

KS Kingfa Sci. & Tech. Co 600143 · SHG
Price¥16.23
Fair Value¥5.24
Upside-67.7%
Quality51/100
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Mixed Growth
Thin margins · 1.9% net margin
Moderate debt · generates free cash flow
1.27% dividend yield
Trails peers (3/15)
Narrow moat 31/100
Evidence: Medium Range ¥3.93 – ¥6.55 Share as image

Fair value as of: Aug 6, 2026

From 21 valuation models · updated 4 days ago

Share price +10.0% over the past month.

A solid business, but screening 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥6.55). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥24.37 ¥5.82 Fair Value ¥5.24 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.

How to read this chart

60‑month range ¥5.82 – ¥24.37 · fair‑value band ¥3.93 – ¥6.55 · the ¥16.23 price screens above the ¥5.24 fair value. Dashed = 300-day average. As of Aug 6, 2026.

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Analysis

Kingfa Sci. & Tech. Co (600143) currently trades at ¥16.23, while our model-based Fair Value estimate is ¥5.24, implying the stock looks roughly 67.7% overvalued today. The Quality Score stands at 51/100 (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, Kingfa Sci. & Tech. Co generated revenue of 65.3B CNY at a net margin of 1.9%. Revenue declined 0.5% year over year. It earns a return on equity of 4.0%. Net debt stands at 21.6B CNY. Fundamentals as of Aug 6, 2026

Our scenario range runs from ¥3.93 (bear case) to ¥6.55 (bull case); at ¥16.23, 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 33% below its 52-week high and 66% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -68%, 600143 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 ¥3.31 80
Residual Income ¥5.15 ¥5.23 ¥4.96 76
Gordon GGM ¥3.94 ¥8.19 ¥12.99 70
All 21 models by family
DCF Models
FCF DCF ¥4.27 38
Owner Earnings ¥0.0400 ¥5.66 31
5Y Revenue Exit ¥0.3500 39
5Y EBITDA Exit ¥6.04 ¥14.28 41
5Y P/E Exit ¥1.17 ¥5.38 38
10Y Revenue Exit ¥0.9900 36
10Y EBITDA Exit ¥4.30 ¥13.59 37
10Y P/E Exit ¥0.5700 ¥5.53 35
Earnings-Based
Graham-Dodd ¥2.10 ¥12.44 ¥17.33 54
Lynch FV ¥3.53 ¥5.05 ¥6.56 50
PEG = 1.0 ¥3.53 ¥5.05 ¥6.56 46
Dividend Discount
Gordon GGM ¥3.94 ¥8.19 ¥12.99 70
DDM Multi-Stage ¥3.94 ¥6.90 ¥8.59 61
Multiples
P/E Multiple ¥3.93 ¥5.24 ¥6.55 63
P/S Multiple ¥3.93 ¥5.24 ¥6.55 58
P/B Multiple ¥3.93 ¥5.24 ¥6.55 55
EV/EBITDA ¥1.58 ¥3.98 ¥6.38 54
Asset-Based
NCAV (Graham) ¥3.36 ¥4.50 ¥6.72 50
Growth DCF
Growth DCF ¥3.31 80
Economic Profit
Residual Income ¥5.15 ¥5.23 ¥4.96 76
Growth Earnings
Growth-Adj P/E ¥4.71 ¥6.72 ¥8.74 68

Widest divergence: Dividend Discount (¥6.90) versus DCF Models (¥1.17). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 65.3B CNY
Revenue growth (YoY) -0.5%
Net margin 1.9%
Return on equity 4.0%
Free cash flow 462M CNY FY2024
P/E ratio 33.3
More key figures
Operating margin 4.7%
EPS (TTM) ¥0.4800
Dividend yield 1.3%
EPS growth (YoY) +26.8%
Net debt 21.6B CNY FY2024

Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 45

Profitability 32
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 48
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

Kingfa Sci. & Tech. Co., Ltd. engages in the research, development, production, and sale of new chemical materials worldwide.

Full company description

Kingfa Sci. & Tech. Co., Ltd. engages in the research, development, production, and sale of new chemical materials worldwide. The company offers modified plastics, recycled and biodegradable plastics, specialty engineering plastics, fiber-reinforced composites, light hydrocarbons and hydrogen energy, polypropylene resins, styrene resins, and medical and health polymer materials. Its products are used in automotive, home appliance, electronics, communications, new infrastructure, new energy, modern agriculture, modern logistics, rail transportation, aerospace, and high-end equipment industries. Kingfa Sci. & Tech. Co., Ltd. was founded in 1993 and is headquartered in Guangzhou, China.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Kingfa Sci. & Tech. Co reported revenue of ¥60.5B in FY2024 versus ¥35.1B in FY2020, a compound +14.6%/yr. Reported net income was ¥825M in FY2024, compounding −34.9%/yr from FY2020.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
60.5B CNY
Latest YoY
+26.2%
Avg. growth/yr (3Y)
+14.6%
Avg. growth/yr (5Y)
+15.6%
Avg. growth/yr (23Y)
+22.0%
Revenue +14.6%/yr
FY20 ¥35.1B
FY21 ¥40.2B
FY22 ¥40.4B
FY23 ¥47.9B
FY24 ¥60.5B
Net income −34.9%/yr
FY20 ¥4.6B
FY21 ¥1.7B
FY22 ¥2.0B
FY23 ¥317M
FY24 ¥825M

600143 screens 68% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Kingfa Sci. & Tech. Co Fair Value". https://www.fairvalue-calculator.com/stock/600143

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 51 · Below median
Fair Value upside −68% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 1.3% · Above median
Debt / equity 1.03× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 33.3× · Pricier than median
P/B 2.38× · Pricier than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 13.8× · Pricier than 75% of peers
EV/EBITDA 10.1× · Cheaper than median
PEG 1.90× · 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 0 · sector 19
PAST 16 · sector 23
HEALTH 48 · sector 95
DIVIDEND 25 · 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 Aug 6, 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 Kingfa Sci. & Tech. Co (600143) overvalued or undervalued?
As of Aug 6, 2026, our model estimates a fair value of ¥5.24 versus a price of ¥16.23, about −68% (overvalued).
What is the fair value of 600143?
Our model-based fair value for Kingfa Sci. & Tech. Co is ¥5.24 (as of Aug 6, 2026), built from audited fundamentals. The current price is ¥16.23.
What is the quality score of 600143?
Kingfa Sci. & Tech. Co has a Quality Score of 51/100. 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 Kingfa Sci. & Tech. Co (600143)?
Kingfa Sci. & Tech. Co reported trailing-twelve-month revenue of about 65.3B CNY (latest available figure, as of Aug 6, 2026).
What is the net profit margin of 600143?
The net profit margin of Kingfa Sci. & Tech. Co is about 1.9%, meaning it keeps roughly 1.9% of revenue as net income. Based on the latest reported figures.
Does Kingfa Sci. & Tech. Co pay a dividend?
Kingfa Sci. & Tech. Co currently shows a dividend yield of about 1.30% relative to its recent price (as of Aug 6, 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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