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Innovation New Material Technology Co (600361) Fair Value & Analysis

Basic Materials · CN · Market cap 13.9B CNY

IN Innovation New Material Technology Co 600361 · SHG
Price¥3.73
Fair Value¥4.42
Upside+18.5%
Quality41/100
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Expensive Growth
Thin margins · 1.1% net margin
Low debt · negative free cash flow
2.37% dividend yield
Mixed vs. peers (8/14)
Narrow moat 24/100
Evidence: Medium Range ¥3.31 – ¥5.52 Share as image

Fair value as of: Aug 8, 2026

From 15 valuation models · updated 2 days ago

Share price +7.2% over the past month.

Below-average quality, screening 19% undervalued on our models.

What matters now

  • Our model range runs from ¥3.31 (bear) to ¥5.52 (bull), base ¥4.42. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥8.24 ¥3.37 Fair Value ¥4.42 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 ¥3.37 – ¥8.24 · fair‑value band ¥3.31 – ¥5.52 · the ¥3.73 price screens below the ¥4.42 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Innovation New Material Technology Co (600361) currently trades at ¥3.73, while our model-based Fair Value estimate is ¥4.42, implying the stock looks roughly 18.5% undervalued today. The Quality Score stands at 41/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Innovation New Material Technology Co generated revenue of 78.1B CNY at a net margin of 1.1%. Revenue grew 5.6% year over year. It earns a return on equity of 7.4%. Net debt stands at 2.5B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥3.31 (bear case) to ¥5.52 (bull case); at ¥3.73, the current price sits within 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 28% 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 19% fair-value upside, at 19%, 600361 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
Residual Income ¥2.43 ¥2.56 ¥2.74 76
ROIC Compounder ¥4.91 ¥6.60 ¥8.42 72
Growth-Adj P/E ¥4.06 ¥5.80 ¥7.53 68
All 15 models by family
DCF Models
Owner Earnings ¥2.99 ¥4.95 ¥9.06 31
Earnings-Based
Graham-Dodd ¥1.43 ¥9.98 ¥14.01 54
Lynch FV ¥2.97 ¥4.25 ¥5.52 50
PEG = 1.0 ¥2.97 ¥4.25 ¥5.52 46
EPV ¥4.22 ¥4.68 ¥5.08 59
Multiples
P/E Multiple ¥3.31 ¥4.42 ¥5.52 63
P/S Multiple ¥2.68 ¥3.58 ¥4.47 58
P/B Multiple ¥2.68 ¥3.58 ¥4.47 55
EV/EBIT ¥6.27 ¥7.87 ¥9.48 53
EV/EBITDA ¥7.17 ¥9.08 ¥10.99 54
EV/Revenue ¥4.89 ¥6.36 ¥7.83 43
Asset-Based
NCAV (Graham) ¥1.50 ¥2.01 ¥2.99 50
Economic Profit
Residual Income ¥2.43 ¥2.56 ¥2.74 76
ROIC Compounder ¥4.91 ¥6.60 ¥8.42 72
Growth Earnings
Growth-Adj P/E ¥4.06 ¥5.80 ¥7.53 68

Widest divergence: Growth Earnings (¥5.80) versus Asset-Based (¥2.01). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 78.1B CNY
Revenue growth (YoY) +5.6%
Net margin 1.1%
Return on equity 7.4%
Free cash flow −2.3B CNY FY2025
P/E ratio 18.8
More key figures
Operating margin 2.1%
EPS (TTM) ¥0.2200
Dividend yield 2.4%
EPS growth (YoY) +42.0%
Net debt 2.5B CNY FY2025

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

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 33

Profitability 40
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 74
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

Innovation New Material Technology Co., Ltd. engages in the research, development, production, and processing of aluminum alloys and their products in China.

Full company description

Innovation New Material Technology Co., Ltd. engages in the research, development, production, and processing of aluminum alloys and their products in China. Its products portfolio includes high-end aluminum alloy rods, profiles, structural parts, strip foil, and aluminum rods and cables used in 3C electronics, such as mobile phones, tablets, earphones, TV frames, and other products; automotive lightweight, including automobile wheels, battery trays, anti-collision beams, car seats, decorative strips and other components, and related products; new energy, such as solar panels, photovoltaic modules, and photovoltaic pillars; construction projects comprising urban rail transit, high-speed rail, and motor vehicle transportation; and other fields. The company was formerly known as Beijing Hualian Hypermarket Co., Ltd. The company was founded in 1996 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Innovation New Material Technology Co reported revenue of ¥77.0B in FY2025 versus ¥59.4B in FY2021, a compound +6.7%/yr. Reported net income was ¥786M in FY2025, compounding −2.5%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
77.0B CNY
Latest YoY
−4.8%
Avg. growth/yr (3Y)
+3.6%
Avg. growth/yr (5Y)
+51.8%
Avg. growth/yr (27Y)
+21.5%
Revenue +6.7%/yr
FY21 ¥59.4B
FY22 ¥69.3B
FY23 ¥72.8B
FY24 ¥80.9B
FY25 ¥77.0B
Net income −2.5%/yr
FY21 ¥869M
FY22 ¥1.1B
FY23 ¥958M
FY24 ¥1.0B
FY25 ¥786M

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Cite: Fair Value Calculator (2026). "Innovation New Material Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/600361

Peer Group

Aluminum · 83 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 41 · Below median
Fair Value upside +19% · Top 25%
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth 6% · Above median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.17× · Lower than median

Valuation Multiples vs Aluminum median · lower = cheaper

P/E (TTM) 17.0× · Cheaper than median
P/B 1.25× · Cheaper than median
P/S (TTM) 0.18× · Cheaper than 75% of peers
EV/EBITDA 4.0× · Cheaper than 75% of peers
PEG 2.67× · Pricier than median

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 58 · sector 15
FUTURE 28 · sector 26
PAST 29 · sector 30
HEALTH 92 · sector 91
DIVIDEND 47 · sector 33

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 Aluminum stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Shandong Hongqiao Aluminum Industry Holding 002379 ¥18.54 ¥26.70 +44%
China Hongqiao Group 1378 HK$24.54 HK$45.53 +86%
Hindalco Industries Limited HINDALCO ₹955.80 ₹1,026 +7%
Aluminum Corporation 601600 ¥8.11 ¥12.58 +55%
Norsk Hydro ASA NHY kr 84.96 kr 58.10 -32%
Press Metal Aluminium Holdings 8869 8.02 MYR 3.88 MYR -52%
Alcoa Corporation AAI A$70.60 A$49.53 -30%
Yunnan Aluminium Co 000807 ¥25.12 ¥29.68 +18%
Henan Shenhuo Coal Industry and Electricity Power Co 000933 ¥25.51 ¥30.28 +19%
Tianshan Aluminum Group 002532 ¥11.99 ¥21.86 +82%

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Frequently asked questions

Is Innovation New Material Technology Co (600361) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥4.42 versus a price of ¥3.73, about +19% (undervalued).
What is the fair value of 600361?
Our model-based fair value for Innovation New Material Technology Co is ¥4.42 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥3.73.
What is the quality score of 600361?
Innovation New Material Technology Co has a Quality Score of 41/100. 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 Innovation New Material Technology Co (600361)?
Innovation New Material Technology Co reported trailing-twelve-month revenue of about 78.1B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600361?
The net profit margin of Innovation New Material Technology Co is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Innovation New Material Technology Co pay a dividend?
Innovation New Material Technology Co currently shows a dividend yield of about 2.37% 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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