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China Jushi Co (600176) Fair Value & Analysis

Basic Materials · CN · Market cap 218B CNY

CJ China Jushi Co 600176 · SHG
Price¥40.78
Fair Value¥13.95
Upside-65.8%
Quality70/100
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Healthy Growth
Solidly profitable · 19.4% net margin
Low debt · generates free cash flow
0.66% dividend yield
Mixed vs. peers (6/14)
Wide moat 68/100
Evidence: Medium Range ¥9.14 – ¥17.44 Share as image

Fair value as of: Jul 15, 2026

From 26 valuation models · updated 23 days ago

Share price −32.0% over the past month.

A solid business, but screening 66% overvalued on our models.

What matters now

  • A high-quality business (quality 70/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥17.44). The favourable scenario is already priced in.
  • A fairly wide model range (¥9.14 to ¥17.44) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥74.12 ¥8.72 Fair Value ¥13.95 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range ¥8.72 – ¥74.12 · fair‑value band ¥9.14 – ¥17.44 · the ¥40.78 price screens above the ¥13.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

China Jushi Co (600176) currently trades at ¥40.78, while our model-based Fair Value estimate is ¥13.95, implying the stock looks roughly 65.8% overvalued today. We read business quality at 70/100 (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 Jushi Co generated revenue of 19.7B CNY at a net margin of 19.4%. Revenue grew 17.9% year over year. It earns a return on equity of 12.0%. Net debt stands at 12.4B CNY. Fundamentals as of Jul 15, 2026

Our scenario range runs from ¥9.14 (bear case) to ¥17.44 (bull case); at ¥40.78, 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 7% below its 52-week high and 272% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -66%, 600176 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 ¥9.74 ¥18.95 ¥36.08 80
Residual Income ¥7.06 ¥8.03 ¥13.84 76
Rev-Margin DCF ¥8.23 ¥15.21 ¥24.54 74
All 26 models by family
DCF Models
FCF DCF ¥9.88 ¥20.04 ¥39.33 38
Owner Earnings ¥14.97 ¥29.99 ¥58.54 31
5Y Revenue Exit ¥8.23 ¥15.43 ¥25.41 39
5Y EBITDA Exit ¥13.57 ¥26.81 ¥43.96 41
5Y P/E Exit ¥10.54 ¥20.35 ¥31.89 38
10Y Revenue Exit ¥8.38 ¥15.63 ¥27.18 36
10Y EBITDA Exit ¥12.36 ¥24.31 ¥43.58 37
10Y P/E Exit ¥10.27 ¥19.38 ¥32.92 35
Earnings-Based
Graham-Dodd ¥5.58 ¥28.76 ¥39.76 54
Lynch FV ¥7.85 ¥11.22 ¥14.59 50
PEG = 1.0 ¥7.85 ¥11.22 ¥14.59 46
EPV ¥8.56 ¥10.20 ¥11.65 59
Dividend Discount
Gordon GGM ¥3.94 ¥8.61 ¥14.49 70
DDM Multi-Stage ¥3.94 ¥7.05 ¥8.97 61
Multiples
P/E Multiple ¥12.31 ¥16.41 ¥20.52 63
P/S Multiple ¥8.80 ¥11.74 ¥14.67 58
P/B Multiple ¥10.46 ¥13.95 ¥17.44 55
EV/EBIT ¥14.29 ¥19.29 ¥24.30 53
EV/EBITDA ¥16.19 ¥21.83 ¥27.48 54
EV/Revenue ¥7.48 ¥11.01 ¥14.53 43
Asset-Based
NCAV (Graham) ¥3.88 ¥5.20 ¥7.77 50
Growth DCF
Growth DCF ¥9.74 ¥18.95 ¥36.08 80
Rev-Margin DCF ¥8.23 ¥15.21 ¥24.54 74
Economic Profit
Residual Income ¥7.06 ¥8.03 ¥13.84 76
ROIC Compounder ¥9.05 ¥13.25 ¥17.48 72
Growth Earnings
Growth-Adj P/E ¥11.51 ¥16.44 ¥21.37 68

Widest divergence: DCF Models (¥20.04) versus Asset-Based (¥5.20). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 19.7B CNY
Revenue growth (YoY) +17.9%
Net margin 19.4%
Return on equity 12.0%
Free cash flow 3.0B CNY FY2025
P/E ratio 56.8
More key figures
Operating margin 31.4%
EPS (TTM) ¥0.9600
Dividend yield 0.7%
EPS growth (YoY) +75.0%
Net debt 12.4B CNY FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 68 · Market factors (momentum, volatility) 65

Profitability 40
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 72
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

China Jushi Co., Ltd., together with its subsidiaries, manufactures and sells fiberglass and related products in China and internationally. The company offers fiberglass mats, woven rovings, hybrid fibers, glass yarns, and electronic fabrics.

Full company description

China Jushi Co., Ltd., together with its subsidiaries, manufactures and sells fiberglass and related products in China and internationally. The company offers fiberglass mats, woven rovings, hybrid fibers, glass yarns, and electronic fabrics. It also provides fiberglass products for continuous profiles, compression molding, open molding, pipes, fabrics and mats, and other processes. The company's products are used in building and construction, infrastructure, electrical and electronic, chemical corrosion resistance, transportation, energy-saving and environmental protection, and sports and leisure applications. In addition, it engages in the development and technical services; power generation, transmission, and distribution services; processing and sales of calcium oxide, calcium carbonate, and fluorite; deep processing of other non-metallic mineral products; import and export trade of glass fiber-specific machinery and chemical raw materials; production and sale of composite materials, engineered plastics and products, chemical raw materials for glass fiber, and glass fiber equipment and accessories; and power generation technology services. The company was formerly known as China Fiberglass Co., Ltd. and changed its name to China Jushi Co., Ltd. in March 2015. China Jushi Co., Ltd. was founded in 1998 and is headquartered in Tongxiang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Jushi Co reported revenue of ¥18.8B in FY2025 versus ¥19.7B in FY2021, a compound −1.2%/yr. Reported net income was ¥3.3B in FY2025, compounding −14.1%/yr from FY2021.

Growth Quality 91/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
18.8B CNY
Latest YoY
+18.5%
Avg. growth/yr (3Y)
−2.4%
Avg. growth/yr (5Y)
+10.0%
Avg. growth/yr (29Y)
+15.8%
Revenue −1.2%/yr
FY21 ¥19.7B
FY22 ¥20.2B
FY23 ¥14.9B
FY24 ¥15.9B
FY25 ¥18.8B
Net income −14.1%/yr
FY21 ¥6.0B
FY22 ¥6.6B
FY23 ¥3.0B
FY24 ¥2.4B
FY25 ¥3.3B

600176 screens 66% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "China Jushi Co Fair Value". https://www.fairvalue-calculator.com/stock/600176

Peer Group

Building Materials · 253 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 70 · Top 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 0.7% · Below median
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 56.8× · Pricier than 75% of peers
P/B 7.02× · Pricier than 75% of peers
P/S (TTM) 11.09× · Pricier than 75% of peers
P/FCF 10.8× · Pricier than 75% of peers
EV/EBITDA 28.4× · Pricier than 75% of peers

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 27
FUTURE 90 · sector 2
PAST 48 · sector 15
HEALTH 90 · sector 92
DIVIDEND 13 · sector 42

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%
J.K. Cement Limited JKCEMENT ₹5,493 ₹2,184 -60%

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Frequently asked questions

Is China Jushi Co (600176) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of ¥13.95 versus a price of ¥40.78, about −66% (overvalued).
What is the fair value of 600176?
Our model-based fair value for China Jushi Co is ¥13.95 (as of Jul 15, 2026), built from audited fundamentals. The current price is ¥40.78.
What is the quality score of 600176?
China Jushi Co has a Quality Score of 70/100. 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 China Jushi Co (600176)?
China Jushi Co reported trailing-twelve-month revenue of about 19.7B CNY (latest available figure, as of Jul 15, 2026).
What is the net profit margin of 600176?
The net profit margin of China Jushi Co is about 19.4%, meaning it keeps roughly 19.4% of revenue as net income. Based on the latest reported figures.
Does China Jushi Co pay a dividend?
China Jushi Co currently shows a dividend yield of about 0.94% relative to its recent price (as of Jul 15, 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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