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Shanghai Jahwa United Co (600315) Fair Value & Analysis

Consumer Defensive · CN · Market cap 11.6B CNY

SJ Shanghai Jahwa United Co 600315 · SHG
Price¥17.26
Fair Value¥12.19
Upside-29.4%
Quality72/100
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Weak Growth
Thin margins · 4.3% net margin
Low debt · generates free cash flow
1.38% dividend yield
Trails peers (3/14)
Narrow moat 37/100
Evidence: Medium Range ¥9.14 – ¥15.23 Share as image

Fair value as of: Aug 8, 2026

From 26 valuation models · updated 2 days ago

Fair value updated Aug 8, 2026, revised from ¥6.77 to ¥12.19 (+80.0%) since Jul 11, 2026. Share price −4.2% over the past month.

A solid business, but screening 29% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), 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 (¥15.23). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

¥61.22 ¥13.97 Fair Value ¥12.19 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥13.97 – ¥61.22 · fair‑value band ¥9.14 – ¥15.23 · the ¥17.26 price screens above the ¥12.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Shanghai Jahwa United Co (600315) currently trades at ¥17.26, while our model-based Fair Value estimate is ¥12.19, implying the stock looks roughly 29.4% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Consumer Defensive 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, Shanghai Jahwa United Co generated revenue of 6.4B CNY at a net margin of 4.3%. Revenue grew 5.4% year over year. It earns a return on equity of 3.9%. Net debt stands at 59.9M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥9.14 (bear case) to ¥15.23 (bull case); at ¥17.26, 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 42% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -29%, 600315 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 ¥15.51 ¥22.91 ¥33.49 80
Residual Income ¥7.59 ¥7.44 ¥6.59 76
Rev-Margin DCF ¥5.96 ¥7.37 ¥9.10 74
All 26 models by family
DCF Models
FCF DCF ¥15.23 ¥23.57 ¥36.24 38
Owner Earnings ¥6.89 ¥10.65 ¥16.35 31
5Y Revenue Exit ¥5.96 ¥7.10 ¥8.27 39
5Y EBITDA Exit ¥7.77 ¥10.47 ¥13.43 41
5Y P/E Exit ¥8.99 ¥12.74 ¥16.56 38
10Y Revenue Exit ¥9.16 ¥10.97 ¥12.97 36
10Y EBITDA Exit ¥10.34 ¥13.31 ¥16.89 37
10Y P/E Exit ¥11.11 ¥14.89 ¥19.27 35
Earnings-Based
Graham-Dodd ¥2.71 ¥8.29 ¥11.01 54
Lynch FV ¥1.78 ¥2.55 ¥3.31 50
PEG = 1.0 ¥1.78 ¥2.55 ¥3.31 46
EPV ¥0.5700 ¥0.6500 ¥0.7300 59
Dividend Discount
Gordon GGM ¥0.3600 ¥0.7400 ¥1.18 70
DDM Multi-Stage ¥0.3600 ¥0.5900 ¥0.7800 61
Multiples
P/E Multiple ¥6.27 ¥8.36 ¥10.45 63
P/S Multiple ¥5.08 ¥6.77 ¥8.46 58
P/B Multiple ¥5.08 ¥6.77 ¥8.46 55
EV/EBIT ¥1.42 ¥1.87 ¥2.32 53
EV/EBITDA ¥4.22 ¥5.61 ¥7.00 54
EV/Revenue ¥1.03 ¥1.44 ¥1.86 43
Asset-Based
NCAV (Graham) ¥5.13 ¥6.87 ¥10.26 50
Growth DCF
Growth DCF ¥15.51 ¥22.91 ¥33.49 80
Rev-Margin DCF ¥5.96 ¥7.37 ¥9.10 74
Economic Profit
Residual Income ¥7.59 ¥7.44 ¥6.59 76
ROIC Compounder ¥0.5700 ¥0.6500 ¥0.7300 72
Growth Earnings
Growth-Adj P/E ¥5.16 ¥7.36 ¥9.57 68

Widest divergence: DCF Models (¥10.97) versus Dividend Discount (¥0.5900). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.4B CNY
Revenue growth (YoY) +5.4%
Net margin 4.3%
Return on equity 3.9%
Free cash flow 902M CNY FY2025
P/E ratio 45.6
More key figures
Operating margin 15.8%
EPS (TTM) ¥0.4100
Dividend yield 1.4%
EPS growth (YoY) +3.1%
Net debt 59.9M CNY FY2025

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 32

Profitability 38
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 87
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

Shanghai Jahwa United Co., Ltd. engages in the research and development, production, and sale of daily chemical products, and baby products in the People's Republic of China and internationally. It offers skin care, cleaning, home care, and infant feeding products under the Liushen, Yuze, Herborist, Maxam, GUOFU, Jiaan, Qichu, and Tommee Tippee brands.

Full company description

Shanghai Jahwa United Co., Ltd. engages in the research and development, production, and sale of daily chemical products, and baby products in the People's Republic of China and internationally. It offers skin care, cleaning, home care, and infant feeding products under the Liushen, Yuze, Herborist, Maxam, GUOFU, Jiaan, Qichu, and Tommee Tippee brands. The company also provides technical services for daily chemicals and cosmetics. The company also provides research, development, and technology transfer services for pharmaceuticals, packaging containers, fragrances, hygiene products, disinfection products, detergents, oral hygiene products, paper products, wet wipes, wax products, insect repellent products, and electrical devices for insect repellent, as well as beauty and hairdressing products and services. It operates e-commerce channels, sales of maternal and infant care products, and cosmetics stores, as well as sells its products in department stores and supermarkets. The company was formerly known as HK Kwong Sang Hong and changed its name to Shanghai Jahwa United Co., Ltd. Shanghai Jahwa United Co., Ltd. was founded in 1898 and is headquartered in Shanghai, the People's Republic of China. Shanghai Jahwa United Co., Ltd. operates as a subsidiary of Shanghai Jahwa (Group) Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Jahwa United Co reported revenue of ¥6.3B in FY2025 versus ¥7.6B in FY2021, a compound −4.8%/yr. Reported net income was ¥268M in FY2025, compounding −19.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.3B CNY
Latest YoY
+10.6%
Avg. growth/yr (3Y)
−4.0%
Avg. growth/yr (5Y)
−2.2%
Avg. growth/yr (28Y)
+7.3%
Revenue −4.8%/yr
FY21 ¥7.6B
FY22 ¥7.1B
FY23 ¥6.6B
FY24 ¥5.7B
FY25 ¥6.3B
Net income −19.9%/yr
FY21 ¥649M
FY22 ¥472M
FY23 ¥500M
FY24 −¥833M
FY25 ¥268M

600315 screens 29% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Shanghai Jahwa United Co Fair Value". https://www.fairvalue-calculator.com/stock/600315

Peer Group

Household & Personal Products · 244 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 72 · Top 25%
Fair Value upside −29% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 16% · Top 25%
Revenue growth 5% · Above median
Dividend yield (TTM) 1.4% · Bottom 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 42.1× · Pricier than 75% of peers
P/B 1.68× · Pricier than median
P/S (TTM) 1.81× · Pricier than median
P/FCF 1.9× · Pricier than median
EV/EBITDA 35.2× · 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 28
FUTURE 27 · sector 4
PAST 16 · sector 26
HEALTH 96 · sector 98
DIVIDEND 28 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Shanghai Jahwa United Co (600315) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥12.19 versus a price of ¥17.26, about −29% (overvalued).
What is the fair value of 600315?
Our model-based fair value for Shanghai Jahwa United Co is ¥12.19 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥17.26.
What is the quality score of 600315?
Shanghai Jahwa United Co has a Quality Score of 72/100. 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 Shanghai Jahwa United Co (600315)?
Shanghai Jahwa United Co reported trailing-twelve-month revenue of about 6.4B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600315?
The net profit margin of Shanghai Jahwa United Co is about 4.3%, meaning it keeps roughly 4.3% of revenue as net income. Based on the latest reported figures.
Does Shanghai Jahwa United Co pay a dividend?
Shanghai Jahwa United Co currently shows a dividend yield of about 1.35% relative to its recent price (as of Aug 8, 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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