Zhejiang Juhua Co Ltd (600160) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Zhejiang Juhua Co Ltd stock ¥19.31, price ¥32.32, that is 40.3% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range ¥8.14 – ¥55.85 · fair‑value band ¥9.58 – ¥29.78 · the ¥32.32 price screens above the ¥19.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.
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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.
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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.
Stock analysis
Zhejiang Juhua Co Ltd (600160) currently trades at ¥32.32, while our model-based Fair Value estimate is ¥19.31, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥23.35 per share, and 1 of the 25 models we run sit above the ¥32.32 price.
Bear case: the Dividend Discount group reads lowest at ¥4.38, and 24 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥9.58 (bear) to ¥29.78 (bull), the price of ¥32.32 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhejiang Juhua Co Ltd reported revenue of 27.0B CNY in FY2025 versus 18.0B CNY in FY2021, a compound +10.7%/yr. Reported net income was 3.8B CNY in FY2025, compounding +35.9%/yr from FY2021.
Key figures
Market cap 87.3B CNY (≈ $13.1B) Large · P/E ratio 20.0 · P/S ratio 3.23 · EPS (TTM) ¥1.62 · Dividend yield 2.4% · Net margin 16.2% · Return on equity 21.4% · Return on assets (EBIT) 9.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −15% fair-value upside, at −40%, 600160 screens richer than that median.
Fair Value models
Bear¥9.58Fair Value ¥19.31Bull¥29.78
Price ¥32.32 · Downside -40.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.7134 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+10.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+11.0%
Start year 2020 (pandemic). Over 10 years: +11.0% a year
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +35.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+33.5%
Dividend (yield on the price)2.4%
Per share before 2013divided by the spin-off factor 1.0829
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.33.5% vs 35.1%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 21%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Approximate: the rate leans on 2025, which sits 93% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+45.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +43.1% a year for the price and +7.2% for the forecasts.
AI conclusion: The business draws strength from record refrigerant profits driven by tight production quotas, yet its main weakness remains free cash flow staying far below net income.
Main risk: Stricter rules under China's Montreal Protocol plan could prohibit R410A in household air conditioners from 2029 and favour R290, reducing demand for the company's third-generation HFC refrigerants that rely on quotas.
Bull case: The company could accelerate its shift to fourth-generation HFO refrigerants and high-end fluoropolymers for AI data centres and semiconductors, using its quota cash flow and new Gansu capacity to capture growing demand in those segments.
Bear case: If downstream manufacturers redesign systems around R290 and other alternatives, the core refrigerant segment could face sustained volume and margin pressure, limiting the ability to fund expansion in fluoropolymers despite ongoing quota benefits.
Zhejiang Juhua's refrigerant segment posted record quarterly profits in the first half as prices rose under tight production quotas. The firm is also scaling high-end fluoropolymers and new capacity in Gansu. Will quota-driven margins in the core business outpace any pressure on its broader chemical portfolio?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Chemicals · 339 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−40.3% · Below median
Profitability
Return on equity (12 months)21.4% · Top 25%
Return on assets9.9% · Top 25%
Net margin (12 months)16.2% · Top 25%
Operating margin (12 months)25.5% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−2.8% · Bottom 25%
Dividend yield (12 months)2.4% · Above median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zhejiang Juhua Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600160
Frequently asked questions
Is Zhejiang Juhua Co Ltd (600160) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of ¥19.31 versus a price of ¥32.32, about 40% lower (overvalued).
What is the fair value of 600160?
Our model-based fair value for Zhejiang Juhua Co Ltd is ¥19.31 (as of Nov 1, 2026), built from audited fundamentals. The current price: ¥32.32.
What is the quality score of 600160?
Zhejiang Juhua Co Ltd has a Quality Score of 61/100. 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 price target for Zhejiang Juhua Co Ltd (600160)?
Our model-based price target is the fair value of ¥19.31 (as of Nov 1, 2026) from 25 valuation models. Cautious scenario ¥9.58, optimistic scenario ¥29.78. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Juhua Co Ltd stock forecast for 2026?
Our models put fair value at ¥19.31, about 40% lower versus a price of ¥32.32 (overvalued). Cautious scenario ¥9.58, optimistic scenario ¥29.78. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Juhua Co Ltd (600160)?
Zhejiang Juhua Co Ltd reported trailing-twelve-month revenue of about 27.0B CNY (latest available figure, as of Nov 1, 2026).
Does Zhejiang Juhua Co Ltd pay a dividend?
Zhejiang Juhua Co Ltd currently shows a dividend yield of 2.41% relative to its recent price (as of Nov 1, 2026).
What growth is priced into Zhejiang Juhua Co Ltd (600160)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Juhua Co Ltd would have to grow free cash flow by +45.5 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 600160 use?
Our models discount Zhejiang Juhua Co Ltd at 9.0 %: a base by market capitalisation (large), damped by beta 0.64, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Juhua Co Ltd that is +45.5 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Zhejiang Juhua Co Ltd (600160) delivered so far?
Over the past 5 years revenue at Zhejiang Juhua Co Ltd grew +11.0 % a year. The price currently implies +45.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Juhua Co Ltd (600160) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Zhejiang Juhua Co Ltd (+45.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Juhua Co Ltd (600160)?
The free-cash-flow yield on the price is 0.74 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Zhejiang Juhua Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Juhua Co Ltd (600160)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Juhua Co Ltd it is ¥19.31 per share (as of Nov 1, 2026), against a price of ¥32.32. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Juhua Co Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 600160 trades above its calculated fair value: price ¥32.32, fair value ¥19.31, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 600160?
No. The price is what the market pays today (¥32.32); the fair value is what the company's own numbers justify (¥19.31). For Zhejiang Juhua Co Ltd the two are ¥13.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Juhua Co Ltd worth?
The market values Zhejiang Juhua Co Ltd at about 87.3B CNY (market capitalisation, as of Nov 1, 2026). Per share that is ¥32.32; our models calculate a fair value of ¥19.31 per share.
What do the bullish and bearish scenarios say about 600160?
Our models span a range for Zhejiang Juhua Co Ltd: cautious scenario ¥9.58, base ¥19.31, optimistic ¥29.78 per share (as of Nov 1, 2026, price ¥32.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 600160?
Zhejiang Juhua Co Ltd trades at a price-to-earnings ratio of 20.0 (as of Nov 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥19.31 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings, FY2025 ex one-offs: 29.5. Other multiples: PEG 0.7, P/B 4.3, P/S 3.2, EV/EBITDA 11.2.
What is the PEG ratio of 600160?
The PEG ratio of Zhejiang Juhua Co Ltd is 0.65 (P/E divided by earnings growth, as of Nov 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Zhejiang Juhua Co Ltd (600160)?
Balance-sheet figures for Zhejiang Juhua Co Ltd (as of Nov 1, 2026): return on equity 21.4%, debt of 0.22 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 600160 from its 52-week high?
Zhejiang Juhua Co Ltd trades at ¥32.32, about 42% below its 52-week high of ¥55.85 and 14% above the low of ¥28.31 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥19.31 is for.
Which stocks are comparable to Zhejiang Juhua Co Ltd?
From the same area (Basic Materials) we also value BASF SE, Dow Inc, Ningxia Baofeng Energy Group, Zangge Mining Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Juhua Co Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price ¥32.32, calculated fair value ¥19.31 (−40%), Quality Score 61/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 600160 calculated?
We run Zhejiang Juhua Co Ltd through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥19.31, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Zhejiang Juhua Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Juhua Co Ltd (600160)?
The closing price on Nov 6, 2026 was ¥32.32. Our model-based fair value is ¥19.31, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Juhua Co Ltd right 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 (¥9.58 to ¥29.78). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Zhejiang Juhua Co Ltd (600160) come from?
Earnings per share at Zhejiang Juhua Co Ltd grew +24.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.1 %, EBIT margin +17.4 %, tax rate +1.4 %, residual (interest, one-offs) −2.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zhejiang Juhua Co Ltd
How large is the market capitalisation of Zhejiang Juhua Co Ltd (600160)?
The market capitalisation of Zhejiang Juhua Co Ltd is 87.3B CNY (≈ $13.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhejiang Juhua Co Ltd (600160)?
The price-to-sales ratio of Zhejiang Juhua Co Ltd is 3.23 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Juhua Co Ltd (600160)?
Earnings per share at Zhejiang Juhua Co Ltd are ¥1.62 (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Juhua Co Ltd (600160)?
The dividend yield of Zhejiang Juhua Co Ltd is 2.4% (payout 48.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhejiang Juhua Co Ltd (600160)?
The net margin of Zhejiang Juhua Co Ltd is 16.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Juhua Co Ltd (600160)?
The return on equity (ROE) of Zhejiang Juhua Co Ltd is 21.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Juhua Co Ltd (600160)?
On an EBIT basis the return on assets of Zhejiang Juhua Co Ltd is 9.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Juhua Co Ltd (600160)?
The operating margin of Zhejiang Juhua Co Ltd is 25.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Juhua Co Ltd (600160)?
Revenue at Zhejiang Juhua Co Ltd is growing −2.8% versus a year earlier (3y avg +7.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhejiang Juhua Co Ltd (600160)?
Earnings per share at Zhejiang Juhua Co Ltd are growing +18.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Zhejiang Juhua Co Ltd (600160) carry?
The net debt of Zhejiang Juhua Co Ltd is 12.8M CNY (fiscal year 2025, ≈ 0.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 1, 2026