Tangshan Sanyou Chemical Industries Co (600409) Fair Value & Analysis
Basic Materials · CN · Market cap 14.0B CNY
Fair value as of: Aug 9, 2026
From 14 valuation models · updated yesterday
Fair value updated Aug 9, 2026, revised from ¥0.7400 to ¥1.48 (+100.0%) since Jul 11, 2026. Share price +18.6% over the past month.
Below-average quality, and screening another 78% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥1.84). The favourable scenario is already priced in.
- Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.
How to read this chart
60‑month range ¥4.53 – ¥15.17 · fair‑value band ¥1.10 – ¥1.84 · the ¥6.77 price screens above the ¥1.48 fair value. Dashed = 300-day average. As of Aug 9, 2026.
Analysis
Tangshan Sanyou Chemical Industries Co (600409) currently trades at ¥6.77, while our model-based Fair Value estimate is ¥1.48, implying the stock looks roughly 78.1% overvalued today. The Quality Score stands at 45/100 (below-average 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, Tangshan Sanyou Chemical Industries Co generated revenue of 18.6B CNY at a net margin of 0.1%. Revenue declined 5.4% year over year. It earns a return on equity of -0.2%. Net debt stands at 37.5M CNY. Fundamentals as of Aug 9, 2026
Our scenario range runs from ¥1.10 (bear case) to ¥1.84 (bull case); at ¥6.77, 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 29% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -78%, 600409 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.
All 14 models by family
Widest divergence: Asset-Based (¥4.50) versus Earnings-Based (¥0.3100). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 43
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
Tangshan Sanyou Chemical Industries Co.,Ltd engages in the production and sales of calcium chloride, sodium chloride, and snow melting agent in the People's Republic of China. The company offers viscose staple fibers, soda ash, caustic soda, polyvinyl chloride resin, mixed methyl cyclosiloxane, and other products.
Full company description
Tangshan Sanyou Chemical Industries Co.,Ltd engages in the production and sales of calcium chloride, sodium chloride, and snow melting agent in the People's Republic of China. The company offers viscose staple fibers, soda ash, caustic soda, polyvinyl chloride resin, mixed methyl cyclosiloxane, and other products. It also provides silicone and other salt products. It products are mainly used in textiles, glass, non-ferrous metal smelting, synthetic detergents, chemical building materials, and other industries. It also exports its products to various countries and regions in Asia, Africa, Europe, the United States, and Australia. Tangshan Sanyou Chemical Industries Co.,Ltd was founded in 1999 and is headquartered in Tangshan, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Tangshan Sanyou Chemical Industries Co reported revenue of ¥18.8B in FY2025 versus ¥23.2B in FY2021, a compound −5.1%/yr. Reported net income was ¥89.5M in FY2025, compounding −51.9%/yr from FY2021.
600409 screens 78% overvalued. Compare with Linde plc →
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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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: 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.
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 9, 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% |
Compare Tangshan Sanyou Chemical Industries Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Tangshan Sanyou Chemical Industries Co (600409) overvalued or undervalued?
What is the fair value of 600409?
What is the quality score of 600409?
What is the revenue of Tangshan Sanyou Chemical Industries Co (600409)?
What is the net profit margin of 600409?
Does Tangshan Sanyou Chemical Industries Co pay a dividend?
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.
Track Tangshan Sanyou Chemical Industries Co and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.