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Shandong Huatai Paper Industry Shareholding Co Ltd (600308) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Shandong Huatai Paper Industry Shareholding Co Ltd stock ¥2.42, price ¥2.91, that is 16.8% below the price, quality 47 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CN · ISIN CNE0000014Y3

SH Shandong Huatai Paper Industry Shareholding Co Ltd logo Thin data Nov 5, 2026

Shandong Huatai Paper Industry Shareholding Co Ltd

600308 · SHG
Expensive, weak quality

Our calculation puts a fair price 17% below what the stock costs today.

Low debt
Quality 47/100
Profit last quarter 50% below a year ago.
Fair value ¥2.42 · Overvalued (−16.8%)
Weak Growth (revenue 5y +0.2 %/yr in CNY)
Loss-making · -0.9% net margin (TTM)
Negative free cash flow
Trails peers (5/13)
Narrow moat 16/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥6.34 ¥2.84 Fair Value ¥2.42 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥2.84 – ¥6.34 · fair‑value band ¥2.10 – ¥3.36 · the ¥2.91 price screens above the ¥2.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Shandong Huatai Paper Industry Shareholding Co.,Ltd, together with its subsidiaries, produces and sells paper products in China, Europe, the United States, Southeast Asia, South Korea, India, and internationally.

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It operates through Paper Industry; Chemical Products; Electric Power; and Sewage Treatment segments. The company offers machine-made paper, such as coated, cultural, newsprint, and packaging paper; and pulp products.

It also provides chemical products comprising caustic soda, liquid chlorine, hydrogen peroxide, methane chloride, propylene oxide, and chlorine, acetic acid, and aniline; and electric power and sewage treatment services.

In addition, it engages in transportation, trading, energy and information technology, industrial investment, and renewable resources businesses.

Shandong Huatai Paper Industry Shareholding Co.,Ltd was formerly known as Shandong Huatai Paper Co., LTD. The company was founded in 1993 and is headquartered in Dongying, China.

Stock analysis

Shandong Huatai Paper Industry Shareholding Co Ltd (600308) currently trades at ¥2.91, while our model-based Fair Value estimate is ¥2.42, 17% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of ¥3.70 per share, and 2 of the 6 models we run sit above the ¥2.91 price.

Bear case: the Earnings-Based group reads lowest at ¥1.16, and 4 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥2.10 (bear) to ¥3.36 (bull), the price of ¥2.91 sits inside 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 47/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Shandong Huatai Paper Industry Shareholding Co Ltd reported revenue of 12.5B CNY in FY2025 versus 14.9B CNY in FY2021, a compound −4.4%/yr. Reported net income was −66.0M CNY in FY2025.

Key figures

Market cap 4.4B CNY (≈ $662M) Small · P/S ratio 0.37 · EPS (TTM) ¥−0.0800 · Net margin −0.9% · Return on equity −1.4% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin 0.2% · Revenue (TTM) 12.3B CNY.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 33% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −17%, 600308 screens richer than that median.

Fair Value models

Bear ¥2.10 Fair Value ¥2.42 Bull ¥3.36
Price ¥2.91 · Downside -16.8%
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. 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.
Best data coverage
EPV ¥1.05 ¥1.16 ¥1.26 74
ROIC Compounder ¥1.05 ¥1.16 ¥1.26 72
EV/EBITDA ¥4.36 ¥6.05 ¥7.73 67
All 6 models by family
Earnings-Based
EPV ¥1.05 ¥1.16 ¥1.26 74
Multiples
EV/EBIT ¥0.7300 ¥1.21 ¥1.68 64
EV/EBITDA ¥4.36 ¥6.05 ¥7.73 67
EV/Revenue ¥0.5400 ¥1.07 ¥1.60 51
Asset-Based
NCAV (Graham) ¥2.76 ¥3.70 ¥5.52 54
Economic Profit
ROIC Compounder ¥1.05 ¥1.16 ¥1.26 72

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 21
How much profit the company makes from its sales and capital
Quality Growth 36
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 52
Debt, balance sheet and risk of trouble
Investment 91
Does it invest with discipline instead of growing at any price?
Low Volatility 80
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
Distance to the 52-week high, does not count
New shares 99
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 5/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−4.5%
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.
−6.4%
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.
+0.2%
Start year 2020 (pandemic). Over 10 years: +2.8% a year
Revenue growth 28 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.
+13.8%
Profit margin (trend) ⓘ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.
6.9% (2020) → 1.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

600308 screens overvalued: fair value 17% below the price. Compare with UPM-Kymmene Oyj →

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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.Paper & Paper Products · 117 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside −16.8% · Below median
Profitability
Return on assets −0.4% · Bottom 25%
Net margin (12 months) −0.9% · Bottom 25%
Operating margin (12 months) 0.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −7.1% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.14× · Below median

Valuation Multiplesvs Paper & Paper Products median · lower = cheaper

P/B 0.49× · Cheaper than median
P/S (12 months) 0.36× · Cheaper than median
EV/EBITDA 4.9× · Cheapest 25%
PEG 0.68× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)11 · sector 28
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)0 · sector 14
HEALTH (low debt)93 · sector 91
DIVIDEND (yield)0 · sector 39

Context: sector, industry, market

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

Similar stocks

10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Nine Dragons Paper (Holdings) Limited 2689 HK$4.62 HK$7.54 +63% vs 600308
PT Indah Kiat Pulp & Paper Tbk INKP 6,425 IDR 10,483 IDR +63% vs 600308
Empresas CMPC S.A CMPC 898.00 CLP 1,243 CLP +38% vs 600308
Xianhe Co 603733 ¥15.86 ¥21.06 +33% vs 600308
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM €19.94 €24.27 +22% vs 600308
Shandong Sunpaper Co 002078 ¥14.12 ¥16.93 +20% vs 600308
UPM-Kymmene Oyj UPM €22.46 €21.19 −6% vs 600308
The Navigator Company NVG €3.04 €2.49 −18% vs 600308
Billerud AB BILL kr 88.20 kr 68.44 −22% vs 600308
Suzano S.A SUZ $9.66 $5.24 −46% vs 600308

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Shandong Huatai Paper Industry Shareholding Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shandong Huatai Paper Industry Shareholding Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600308

Frequently asked questions

Is Shandong Huatai Paper Industry Shareholding Co Ltd (600308) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥2.42 versus a price of ¥2.91, about 17% lower (overvalued).
What is the fair value of 600308?
Our model-based fair value for Shandong Huatai Paper Industry Shareholding Co Ltd is ¥2.42 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥2.91.
What is the quality score of 600308?
Shandong Huatai Paper Industry Shareholding Co Ltd has a Quality Score of 47/100. 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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Our model-based price target is the fair value of ¥2.42 (as of Nov 5, 2026) from 6 valuation models. Cautious scenario ¥2.10, optimistic scenario ¥3.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Huatai Paper Industry Shareholding Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.42, about 17% lower versus a price of ¥2.91 (overvalued). Cautious scenario ¥2.10, optimistic scenario ¥3.36. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Shandong Huatai Paper Industry Shareholding Co Ltd reported trailing-twelve-month revenue of about 12.3B CNY (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Huatai Paper Industry Shareholding Co Ltd it is ¥2.42 per share (as of Nov 5, 2026), against a price of ¥2.91. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Shandong Huatai Paper Industry Shareholding Co Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 600308 trades above its calculated fair value: price ¥2.91, fair value ¥2.42, a gap of about −17% (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 600308?
No. The price is what the market pays today (¥2.91); the fair value is what the company's own numbers justify (¥2.42). For Shandong Huatai Paper Industry Shareholding Co Ltd the two are ¥0.4900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Huatai Paper Industry Shareholding Co Ltd worth?
The market values Shandong Huatai Paper Industry Shareholding Co Ltd at about 4.4B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥2.91; our models calculate a fair value of ¥2.42 per share.
What do the bullish and bearish scenarios say about 600308?
Our models span a range for Shandong Huatai Paper Industry Shareholding Co Ltd: cautious scenario ¥2.10, base ¥2.42, optimistic ¥3.36 per share (as of Nov 5, 2026, price ¥2.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 600308?
The PEG ratio of Shandong Huatai Paper Industry Shareholding Co Ltd is 0.68 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Balance-sheet figures for Shandong Huatai Paper Industry Shareholding Co Ltd (as of Nov 5, 2026): return on equity −1.4%, debt of 0.14 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 600308 from its 52-week high?
Shandong Huatai Paper Industry Shareholding Co Ltd trades at ¥2.91, about 33% below its 52-week high of ¥4.36 and 1% above the low of ¥2.87 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.42 is for.
Which stocks are comparable to Shandong Huatai Paper Industry Shareholding Co Ltd?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, 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 Shandong Huatai Paper Industry Shareholding Co Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price ¥2.91, calculated fair value ¥2.42 (−17%), Quality Score 47/100, from 6 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 600308 calculated?
We run Shandong Huatai Paper Industry Shareholding Co Ltd through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥2.42 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Shandong Huatai Paper Industry Shareholding 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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The closing price on Nov 6, 2026 was ¥2.91. Our model-based fair value is ¥2.42, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Huatai Paper Industry Shareholding Co Ltd right now?
Weak quality (47/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Shandong Huatai Paper Industry Shareholding Co Ltd

How large is the market capitalisation of Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The market capitalisation of Shandong Huatai Paper Industry Shareholding Co Ltd is 4.4B CNY (≈ $662M). 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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The price-to-sales ratio of Shandong Huatai Paper Industry Shareholding Co Ltd is 0.37 (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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Earnings per share at Shandong Huatai Paper Industry Shareholding Co Ltd are ¥−0.0800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The net margin of Shandong Huatai Paper Industry Shareholding Co Ltd is −0.9% (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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The return on equity (ROE) of Shandong Huatai Paper Industry Shareholding Co Ltd is −1.4% (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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
On an EBIT basis the return on assets of Shandong Huatai Paper Industry Shareholding Co Ltd is 2.7% (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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
The operating margin of Shandong Huatai Paper Industry Shareholding Co Ltd is 0.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Revenue at Shandong Huatai Paper Industry Shareholding Co Ltd is growing −7.1% versus a year earlier (3y avg −6.4%). 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 Shandong Huatai Paper Industry Shareholding Co Ltd (600308)?
Earnings per share at Shandong Huatai Paper Industry Shareholding Co Ltd are growing −50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shandong Huatai Paper Industry Shareholding Co Ltd (600308) generate?
The free cash flow of Shandong Huatai Paper Industry Shareholding Co Ltd is −584M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shandong Huatai Paper Industry Shareholding Co Ltd (600308) carry?
The net debt of Shandong Huatai Paper Industry Shareholding Co Ltd is 1.0B CNY (fiscal year 2025). 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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