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Zhejiang Juhua Co (600160) Fair Value & Analysis

Basic Materials · CN · Market cap 115B CNY

ZJ Zhejiang Juhua Co 600160 · SHG
Price¥43.84
Fair Value¥23.35
Upside-46.7%
Quality66/100
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Expensive Growth
Solidly profitable · 15.3% net margin
Low debt · generates free cash flow
1.29% dividend yield
Mixed vs. peers (6/15)
Wide moat 72/100
Evidence: Medium Range ¥11.30 – ¥29.78 Share as image

Fair value as of: Jul 14, 2026

From 25 valuation models · updated 24 days ago

Fair value updated Jul 14, 2026, revised from ¥23.33 to ¥23.35 (+0.1%) since Jul 11, 2026. Share price −5.9% over the past month.

A solid business, but screening 47% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥29.78). The favourable scenario is already priced in.
  • The model range is unusually wide (¥11.30 to ¥29.78). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥55.85 ¥8.03 Fair Value ¥23.35 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range ¥8.03 – ¥55.85 · fair‑value band ¥11.30 – ¥29.78 · the ¥43.84 price screens above the ¥23.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Zhejiang Juhua Co (600160) currently trades at ¥43.84, while our model-based Fair Value estimate is ¥23.35, implying the stock looks roughly 46.7% overvalued today. We read business quality at 66/100 (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, Zhejiang Juhua Co generated revenue of 27.2B CNY at a net margin of 15.3%. Revenue grew 3.7% year over year. It earns a return on equity of 21.1%. Net debt stands at 12.8M CNY. Fundamentals as of Jul 14, 2026

Our scenario range runs from ¥11.30 (bear case) to ¥29.78 (bull case); at ¥43.84, 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 near its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -49% fair-value upside, at -47%, 600160 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 ¥3.36 ¥5.59 ¥9.35 80
Residual Income ¥9.29 ¥12.55 ¥51.10 76
Rev-Margin DCF ¥12.99 ¥24.84 ¥39.98 74
All 25 models by family
DCF Models
FCF DCF ¥3.38 ¥5.79 ¥9.96 38
5Y Revenue Exit ¥12.99 ¥25.42 ¥42.72 39
5Y EBITDA Exit ¥17.17 ¥33.99 ¥55.42 41
5Y P/E Exit ¥14.41 ¥28.33 ¥44.41 38
10Y Revenue Exit ¥9.12 ¥19.86 ¥37.00 36
10Y EBITDA Exit ¥12.47 ¥26.11 ¥47.57 37
10Y P/E Exit ¥10.65 ¥21.98 ¥38.41 35
Earnings-Based
Graham-Dodd ¥9.53 ¥43.22 ¥59.27 54
Lynch FV ¥11.30 ¥16.14 ¥20.99 50
PEG = 1.0 ¥11.30 ¥16.14 ¥20.99 46
EPV ¥17.91 ¥20.84 ¥23.41 59
Dividend Discount
Gordon GGM ¥2.50 ¥5.21 ¥8.26 70
DDM Multi-Stage ¥2.50 ¥4.39 ¥5.46 61
Multiples
P/E Multiple ¥21.02 ¥28.03 ¥35.03 63
P/S Multiple ¥17.87 ¥23.82 ¥29.78 58
P/B Multiple ¥17.03 ¥22.71 ¥28.38 55
EV/EBIT ¥28.03 ¥37.26 ¥46.50 53
EV/EBITDA ¥25.77 ¥34.26 ¥42.74 54
EV/Revenue ¥17.82 ¥25.32 ¥32.81 43
Asset-Based
NCAV (Graham) ¥3.78 ¥5.07 ¥7.57 50
Growth DCF
Growth DCF ¥3.36 ¥5.59 ¥9.35 80
Rev-Margin DCF ¥12.99 ¥24.84 ¥39.98 74
Economic Profit
Residual Income ¥9.29 ¥12.55 ¥51.10 76
ROIC Compounder ¥20.20 ¥26.69 ¥34.86 72
Growth Earnings
Growth-Adj P/E ¥17.79 ¥25.42 ¥33.04 68

Widest divergence: DCF Models (¥25.42) versus Dividend Discount (¥4.39). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 27.2B CNY
Revenue growth (YoY) +3.7%
Net margin 15.3%
Return on equity 21.1%
Free cash flow 645M CNY FY2025
P/E ratio 25.5
More key figures
Operating margin 26.5%
EPS (TTM) ¥1.54
Dividend yield 1.3%
EPS growth (YoY) +45.6%
Net debt 12.8M CNY FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 60 · Market factors (momentum, volatility) 73

Profitability 56
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 76
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
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

Zhejiang Juhua Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical raw materials and products in China, the United Arab Emirates, and Hong Kong.

Full company description

Zhejiang Juhua Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical raw materials and products in China, the United Arab Emirates, and Hong Kong. The company offers fluorochemical raw materials, refrigerants, fluoropolymer materials, fluorinated fine chemicals, food packaging materials, petrochemical materials, and basic chemicals. It is also involved in the sale of gas cylinders; gas cylinder inspection; provision of related technical services; consulting; technology transfer; trading; and engineering installation. The company's products are used national defense, aerospace, electronics and information technology, environmental protection, new energy, electrical engineering, electrical appliances, chemicals, machinery, instrumentation, construction, textiles, metal surface treatment, pharmaceuticals, medical devices, food, and metallurgy industries. It exports its products. The company was founded in 1998 and is headquartered in Quzhou, China. Zhejiang Juhua Co., Ltd. operates as a subsidiary of Juhua Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Juhua Co reported revenue of ¥27.0B in FY2025 versus ¥18.0B in FY2021, a compound +10.7%/yr. Reported net income was ¥3.8B in FY2025, compounding +35.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
27.0B CNY
Latest YoY
+10.3%
Avg. growth/yr (3Y)
+7.9%
Avg. growth/yr (5Y)
+11.0%
Avg. growth/yr (30Y)
+11.4%
Revenue +10.7%/yr
FY21 ¥18.0B
FY22 ¥21.5B
FY23 ¥20.7B
FY24 ¥24.5B
FY25 ¥27.0B
Net income +35.9%/yr
FY21 ¥1.1B
FY22 ¥2.4B
FY23 ¥944M
FY24 ¥2.0B
FY25 ¥3.8B

600160 screens 47% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Zhejiang Juhua Co Fair Value". https://www.fairvalue-calculator.com/stock/600160

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 66 · Top 25%
Fair Value upside −47% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 27.8× · Pricier than median
P/B 5.65× · Pricier than 75% of peers
P/S (TTM) 4.24× · Pricier than 75% of peers
P/FCF 26.5× · Pricier than 75% of peers
EV/EBITDA 15.5× · Pricier than median
PEG 0.65× · Cheaper 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 19 · sector 19
PAST 84 · sector 19
HEALTH 89 · sector 93
DIVIDEND 26 · 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 14, 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%
Rongsheng Petrochemical Co 002493 ¥10.95 ¥2.39 -78%
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 ₹7,647 ₹2,200 -71%

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Frequently asked questions

Is Zhejiang Juhua Co (600160) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of ¥23.35 versus a price of ¥43.84, about −47% (overvalued).
What is the fair value of 600160?
Our model-based fair value for Zhejiang Juhua Co is ¥23.35 (as of Jul 14, 2026), built from audited fundamentals. The current price is ¥43.84.
What is the quality score of 600160?
Zhejiang Juhua Co has a Quality Score of 66/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Zhejiang Juhua Co (600160)?
Zhejiang Juhua Co reported trailing-twelve-month revenue of about 27.2B CNY (latest available figure, as of Jul 14, 2026).
What is the net profit margin of 600160?
The net profit margin of Zhejiang Juhua Co is about 15.3%, meaning it keeps roughly 15.3% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Juhua Co pay a dividend?
Zhejiang Juhua Co currently shows a dividend yield of about 1.29% relative to its recent price (as of Jul 14, 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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