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Guizhou Redstar Developing Co Ltd (600367) Fair Value & Analysis

Basic Materials · CN · Market cap 11.2B CNY

GR Guizhou Redstar Developing Co Ltd 600367 · SHG
Price¥39.17
Fair Value¥4.63
Upside-88.2%
Quality52/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

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Risks

!Trades 746% ABOVE our fair value of ¥4.63
!Expensive Growth (revenue 5y +9.2 %/yr)
!Thin margins · 4.4% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +9.2 %/yr)
Thin margins · 4.4% net margin
Low debt · negative free cash flow
0.13% dividend yield
Trails peers (4/13)
Narrow moat 30/100
Evidence: Medium Range ¥3.47 – ¥5.78 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 13 days ago

Share price +25.6% over the past month.

A solid business, but trading 746% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (¥5.78). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥63.80 ¥7.01 Fair Value ¥4.63 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ¥7.01 – ¥63.80 · fair‑value band ¥3.47 – ¥5.78 · the ¥39.17 price screens above the ¥4.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Guizhou Redstar Developing Co Ltd (600367) currently trades at ¥39.17, while our model-based Fair Value estimate is ¥4.63, implying the stock looks roughly 88.2% overvalued today. The Quality Score stands at 52/100 (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, Guizhou Redstar Developing Co Ltd generated revenue of 2.1B CNY at a net margin of 4.4%. Revenue declined 11.2% year over year. It earns a return on equity of 4.0%. The balance sheet holds a net cash position of 853M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥3.47 (bear case) to ¥5.78 (bull case); at ¥39.17, 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 34% below its 52-week high and 169% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -48% fair-value upside, at -88%, 600367 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 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. Evidence
Highest evidence
Residual Income ¥5.34 ¥5.26 ¥4.67 76
ROIC Compounder ¥7.28 ¥8.48 ¥9.99 72
Growth-Adj P/E ¥2.87 ¥4.10 ¥5.33 68
All 15 models by family
DCF Models
Owner Earnings ¥3.34 ¥3.78 ¥4.43 31
Earnings-Based
Graham-Dodd ¥1.85 ¥5.39 ¥7.11 54
Lynch FV ¥1.12 ¥1.60 ¥2.08 50
PEG = 1.0 ¥1.12 ¥1.60 ¥2.08 46
EPV ¥7.26 ¥8.05 ¥8.75 59
Multiples
P/E Multiple ¥3.47 ¥4.63 ¥5.78 63
P/S Multiple ¥3.47 ¥4.63 ¥5.78 58
P/B Multiple ¥3.47 ¥4.63 ¥5.78 55
EV/EBIT ¥8.33 ¥10.27 ¥12.22 53
EV/EBITDA ¥10.09 ¥12.62 ¥15.15 54
EV/Revenue ¥7.55 ¥9.72 ¥11.88 43
Asset-Based
NCAV (Graham) ¥3.60 ¥4.83 ¥7.21 50
Economic Profit
Residual Income ¥5.34 ¥5.26 ¥4.67 76
ROIC Compounder ¥7.28 ¥8.48 ¥9.99 72
Growth Earnings
Growth-Adj P/E ¥2.87 ¥4.10 ¥5.33 68

Widest divergence: Economic Profit (¥5.26) versus Earnings-Based (¥1.60). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 150.7
P/S ratio 9.09 TTM
Dividend yield 0.1% payout 12.1%
Net margin 4.4% TTM
Return on equity 4.0% TTM
Return on assets 3.2% TTM
More key figures
Profitability
Operating margin 7.6% TTM
EPS (TTM) ¥0.2600
Growth
Revenue (TTM) 2.1B CNY TTM
Revenue growth (YoY) -11.2% 3y avg -9.2%
EPS growth (YoY) -11.1%
Balance sheet & cash flow
Free cash flow −37.0M CNY FY2025
Net cash 853M CNY FY2024

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 71

Profitability 31
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 91
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 55
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Guizhou RedStar Developing Co.,Ltd. research, develops, produces, and sells barium salts, strontium salts, and manganese-based products in China and internationally.

Full company description

Guizhou RedStar Developing Co.,Ltd. research, develops, produces, and sells barium salts, strontium salts, and manganese-based products in China and internationally. The company offers fine barium sulfate, high-purity manganese sulfate, electrolytic manganese dioxide, battery-grade lithium carbonate, refined thiourea, industrial sulfur, high-purity thiourea, high-purity barium chloride, high-purity barium sulfate and carbonate, and industrial barium carbonate. Guizhou RedStar Developing Co.,Ltd. was founded in 1999 and is based in Anshun, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guizhou Redstar Developing Co Ltd reported revenue of ¥2.1B in FY2025 versus ¥2.5B in FY2021, a compound −4.2%/yr. Reported net income was ¥92.8M in FY2025, compounding −25.0%/yr from FY2021.

Growth Quality 41/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.1B CNY
Latest YoY
−2.8%
Avg. revenue growth/yr (3Y) 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.
−9.2%
Avg. revenue growth/yr (5Y) 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.
+9.2%
Avg. revenue growth/yr (28Y) 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.
+10.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.0% (0.9 + 0.1)
Revenue −4.2%/yr
FY21 ¥2.5B
FY22 ¥2.9B
FY23 ¥2.2B
FY24 ¥2.2B
FY25 ¥2.1B
Net income −25.0%/yr
FY21 ¥294M
FY22 ¥215M
FY23 ¥26.5M
FY24 ¥89.1M
FY25 ¥92.8M

600367 screens 88% overvalued. Compare with Saudi Basic Industries Corporation →

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Cite: Fair Value Calculator (2026). "Guizhou Redstar Developing Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600367

Peer Group

Chemicals · 339 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 52 · Above median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 4% · Below median
Return on assets 3% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 8% · Below median
Revenue growth -11% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 150.7× · Pricier than 75% of peers
P/B 4.54× · Pricier than 75% of peers
P/S (TTM) 5.38× · Pricier than 75% of peers
EV/EBITDA 33.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 21
PAST16 · sector 20
HEALTH100 · sector 94
DIVIDEND2 · sector 31

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

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Saudi Basic Industries Corporation 2010 49.50 SAR 18.13 SAR -63%
A. Schulman, Inc SLMNP $849.00 $203.64 -76%
Ningxia Baofeng Energy Group 600989 ¥23.43 ¥20.17 -14%
Dow Inc DOW $31.19 $21.03 -33%
Zhejiang Juhua Co 600160 ¥41.32 ¥21.62 -48%
Rongsheng Petrochemical Co 002493 ¥13.76 ¥2.39 -83%
Zangge Mining Company 000408 ¥78.04 ¥20.99 -73%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR -15%
Ganfeng Lithium Group 002460 ¥53.90 ¥16.17 -70%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 -9%

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Frequently asked questions

Is Guizhou Redstar Developing Co Ltd (600367) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥4.63 versus a price of ¥39.17, about −88% (overvalued).
What is the fair value of 600367?
Our model-based fair value for Guizhou Redstar Developing Co Ltd is ¥4.63 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥39.17.
What is the quality score of 600367?
Guizhou Redstar Developing Co Ltd has a Quality Score of 52/100. 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 Guizhou Redstar Developing Co Ltd (600367)?
Guizhou Redstar Developing Co Ltd reported trailing-twelve-month revenue of about 2.1B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 600367?
The net profit margin of Guizhou Redstar Developing Co Ltd is about 4.4%, meaning it keeps roughly 4.4% of revenue as net income. Based on the latest reported figures.
Does Guizhou Redstar Developing Co Ltd pay a dividend?
Guizhou Redstar Developing Co Ltd currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 13, 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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