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Zhejiang Jiahua Energy Chemical Industry Co (600273) Fair Value & Analysis

Basic Materials · CN · Market cap 9.0B CNY

ZJ Zhejiang Jiahua Energy Chemical Industry Co 600273 · SHG
Price¥6.85
Fair Value¥12.69
Upside+85.3%
Quality64/100
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Mixed Growth
Thin margins · 7.8% net margin
Low debt · generates free cash flow
6.51% dividend yield
Ranks above peers (12/14)
Narrow moat 42/100
Evidence: High Range ¥7.04 – ¥16.01 Share as image

Fair value as of: Aug 7, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Aug 7, 2026, revised from ¥12.81 to ¥12.69 (−0.9%) since Jul 11, 2026. Share price +4.1% over the past month.

A solid business, screening 85% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥7.04). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥7.04 to ¥16.01) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥12.23 ¥6.40 Fair Value ¥12.69 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 7, 2026.

How to read this chart

60‑month range ¥6.40 – ¥12.23 · fair‑value band ¥7.04 – ¥16.01 · the ¥6.85 price screens below the ¥12.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 7, 2026.

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Analysis

Zhejiang Jiahua Energy Chemical Industry Co (600273) currently trades at ¥6.85, while our model-based Fair Value estimate is ¥12.69, implying the stock looks roughly 85.3% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Zhejiang Jiahua Energy Chemical Industry Co generated revenue of 10.5B CNY at a net margin of 7.8%. Revenue grew 11.7% year over year. It earns a return on equity of 7.9%. Net debt stands at 134M CNY. Fundamentals as of Aug 7, 2026

Our scenario range runs from ¥7.04 (bear case) to ¥16.01 (bull case); at ¥6.85, the current price sits below 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 44% below its 52-week high and 2% 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 85%, 600273 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 ¥5.19 ¥8.59 ¥14.03 80
Residual Income ¥6.70 ¥7.36 ¥9.85 76
Rev-Margin DCF ¥6.76 ¥11.94 ¥18.59 74
All 26 models by family
DCF Models
FCF DCF ¥5.24 ¥8.98 ¥15.19 38
Owner Earnings ¥13.72 ¥23.86 ¥40.72 31
5Y Revenue Exit ¥6.76 ¥12.12 ¥19.46 39
5Y EBITDA Exit ¥8.24 ¥15.17 ¥23.90 41
5Y P/E Exit ¥7.81 ¥14.27 ¥21.69 38
10Y Revenue Exit ¥5.93 ¥10.77 ¥18.27 36
10Y EBITDA Exit ¥7.13 ¥12.95 ¥21.89 37
10Y P/E Exit ¥6.85 ¥12.31 ¥20.09 35
Earnings-Based
Graham-Dodd ¥5.12 ¥23.38 ¥32.08 54
Lynch FV ¥6.13 ¥8.75 ¥11.38 50
PEG = 1.0 ¥6.13 ¥8.75 ¥11.38 46
EPV ¥6.80 ¥7.83 ¥8.71 59
Dividend Discount
Gordon GGM ¥3.82 ¥7.61 ¥11.52 70
DDM Multi-Stage ¥3.82 ¥6.58 ¥8.03 61
Multiples
P/E Multiple ¥9.60 ¥12.81 ¥16.01 63
P/S Multiple ¥8.73 ¥11.64 ¥14.56 58
P/B Multiple ¥9.60 ¥12.81 ¥16.01 55
EV/EBIT ¥8.77 ¥11.60 ¥14.43 53
EV/EBITDA ¥10.60 ¥14.04 ¥17.48 54
EV/Revenue ¥7.64 ¥10.80 ¥13.95 43
Asset-Based
NCAV (Graham) ¥3.88 ¥5.20 ¥7.76 50
Growth DCF
Growth DCF ¥5.19 ¥8.59 ¥14.03 80
Rev-Margin DCF ¥6.76 ¥11.94 ¥18.59 74
Economic Profit
Residual Income ¥6.70 ¥7.36 ¥9.85 76
ROIC Compounder ¥6.80 ¥7.91 ¥10.05 72
Growth Earnings
Growth-Adj P/E ¥8.83 ¥12.61 ¥16.40 68

Widest divergence: Growth Earnings (¥12.61) versus Asset-Based (¥5.20). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 10.5B CNY
Revenue growth (YoY) +11.7%
Net margin 7.8%
Return on equity 7.9%
Free cash flow 534M CNY FY2025
P/E ratio 11.1
More key figures
Operating margin 6.9%
EPS (TTM) ¥0.6200
Dividend yield 6.5%
EPS growth (YoY) -61.1%
Net debt 134M CNY FY2025

Figures from reported company fundamentals · as of Aug 7, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 30

Profitability 43
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 88
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 Jiahua Energy Chemical Industry Co.,Ltd. manufactures and sells chemicals in China. The company offers chlor-alkali products, including industrial Hydrochloric acid, industrial liquid chlorine, sodium hypochlorite, industrial sodium hydroxide, and hydrogen; sulfuric acid, which includes sulfuric acid, fuming sulfuric acid, liquid SO3, AR acid, and …

Full company description

Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. manufactures and sells chemicals in China. The company offers chlor-alkali products, including industrial Hydrochloric acid, industrial liquid chlorine, sodium hypochlorite, industrial sodium hydroxide, and hydrogen; sulfuric acid, which includes sulfuric acid, fuming sulfuric acid, liquid SO3, AR acid, and chlorosulfonic acid; and hot supply products, such as steam and demineralized water products. It also provides ortho/para products comprises ise p-toluenesulfonyl chloride, p-methylsulfonyltoluenetoluene, p-toluenesulfonyl isocyanate, o/p-toluenesulfonyl chloride, dry product 2-nitro-4- methylsulfonyltoluene, and wet product 2-nitro-4- methylsulfonyltoluene; and fatty acids and alcohols, and glycerin. The company was formerly known as Huafang Textile Co., Ltd. and changed its name to Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. in December 2014. Zhejiang Jiahua Energy Chemical Industry Co.,Ltd. was founded in 1998 and is headquartered in Jiaxing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Jiahua Energy Chemical Industry Co reported revenue of ¥10.2B in FY2025 versus ¥9.1B in FY2021, a compound +2.9%/yr. Reported net income was ¥988M in FY2025, compounding −14.1%/yr from FY2021.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
10.2B CNY
Latest YoY
+11.2%
Avg. growth/yr (3Y)
−4.0%
Avg. growth/yr (5Y)
+12.8%
Avg. growth/yr (25Y)
+15.3%
Revenue +2.9%/yr
FY21 ¥9.1B
FY22 ¥11.5B
FY23 ¥8.8B
FY24 ¥9.2B
FY25 ¥10.2B
Net income −14.1%/yr
FY21 ¥1.8B
FY22 ¥1.6B
FY23 ¥1.2B
FY24 ¥1.0B
FY25 ¥988M

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Cite: Fair Value Calculator (2026). "Zhejiang Jiahua Energy Chemical Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/600273

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 64 · Top 25%
Fair Value upside +85% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 7% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 11.1× · Cheaper than 75% of peers
P/B 0.89× · Cheaper than median
P/S (TTM) 0.86× · Cheaper than median
P/FCF 2.5× · Pricier than median
EV/EBITDA 5.4× · Cheaper 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 100 · sector 0
FUTURE 59 · sector 19
PAST 32 · sector 23
HEALTH 96 · sector 95
DIVIDEND 100 · sector 25

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 7, 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 Zhejiang Jiahua Energy Chemical Industry Co (600273) overvalued or undervalued?
As of Aug 7, 2026, our model estimates a fair value of ¥12.69 versus a price of ¥6.85, about +85% (undervalued).
What is the fair value of 600273?
Our model-based fair value for Zhejiang Jiahua Energy Chemical Industry Co is ¥12.69 (as of Aug 7, 2026), built from audited fundamentals. The current price is ¥6.85.
What is the quality score of 600273?
Zhejiang Jiahua Energy Chemical Industry Co has a Quality Score of 64/100. 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 Zhejiang Jiahua Energy Chemical Industry Co (600273)?
Zhejiang Jiahua Energy Chemical Industry Co reported trailing-twelve-month revenue of about 10.5B CNY (latest available figure, as of Aug 7, 2026).
What is the net profit margin of 600273?
The net profit margin of Zhejiang Jiahua Energy Chemical Industry Co is about 7.8%, meaning it keeps roughly 7.8% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Jiahua Energy Chemical Industry Co pay a dividend?
Zhejiang Jiahua Energy Chemical Industry Co currently shows a dividend yield of about 6.48% relative to its recent price (as of Aug 7, 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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