Liuzhou Chemical Industry Co Ltd (600423) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Liuzhou Chemical Industry Co Ltd ¥1.20, price ¥2.68, upside -55.2%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ¥2.04 – ¥4.74 · fair‑value band ¥1.16 – ¥1.22 · the ¥2.68 price screens above the ¥1.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Liuzhou Chemical Industry Co., Ltd. produces and sells hydrogen peroxide in China. The company also exports its products. Its products are used for applications in caprolactam, papermaking, printing and dyeing textiles, electronics industry, sewage treatment, etc. Liuzhou Chemical Industry Co., Ltd. was founded in 2001 and is based in Liuzhou, China.
Stock analysis
Liuzhou Chemical Industry Co Ltd (600423) currently trades at ¥2.68, while our model-based Fair Value estimate is ¥1.20, implying the stock looks roughly 123.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥0.6000 per share, and 0 of the 10 models we run sit above the ¥2.68 price.
Bear case: the Asset-Based group reads lowest at ¥0.4400, and 10 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.16 (bear) to ¥1.22 (bull), the price of ¥2.68 sits above 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 41/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Liuzhou Chemical Industry Co Ltd reported revenue of 137M CNY in FY2025 versus 127M CNY in FY2021, a compound +1.9%/yr. Reported net income was −25.7M CNY in FY2025.
Key figures
Market cap 2.1B CNY (≈ $319M) · P/S ratio 15.5 · EPS (TTM) ¥−0.0200 · Net margin −18.7% · Return on equity −2.7% · Return on assets (EBIT) 4.3% · Operating margin 22.4% · Revenue (TTM) 146M CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −55%, 600423 screens richer than that median.
Fair Value models
Bear ¥1.16Fair Value ¥1.20Bull ¥1.22
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−16.7%
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.
−0.7%
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.
+5.1%
Start year 2020 (pandemic). Over 10 years: −25.6% a year
Revenue growth 25 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.
−4.1%
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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.
8.4% (2020) → −4.1% (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
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Compare Liuzhou Chemical Industry Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Agricultural Inputs · 180 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−56% · Bottom 25%
Profitability
Return on assets1% · Below median
Net margin (TTM)−10% · Bottom 25%
Operating margin (TTM)22% · Top 25%
Growth and dividend
Revenue growth53% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
P/B0.61× · Cheapest 25%
P/S (TTM)2.21× · Priciest 25%
P/FCF90.7× · Priciest 25%
PEG0.60× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)100· sector 36
PAST (return on equity)0· sector 24
HEALTH (low debt)100· sector 97
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Liuzhou Chemical Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600423
Frequently asked questions
Is Liuzhou Chemical Industry Co Ltd (600423) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.20 versus a price of ¥2.68, about −55% upside (overvalued).
What is the fair value of 600423?
Our model-based fair value for Liuzhou Chemical Industry Co Ltd is ¥1.20 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥2.68.
What is the quality score of 600423?
Liuzhou Chemical Industry Co Ltd 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 price target for Liuzhou Chemical Industry Co Ltd (600423)?
Our model-based price target is the fair value of ¥1.20 (as of Sep 24, 2026) from 10 valuation models. Cautious scenario ¥1.16, optimistic scenario ¥1.22. It is a calculation from audited fundamentals, not an analyst target.
What is the Liuzhou Chemical Industry Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.20, about −55% upside versus a price of ¥2.68 (overvalued). Cautious scenario ¥1.16, optimistic scenario ¥1.22. The calculation is refreshed regularly with new filings.
What is the revenue of Liuzhou Chemical Industry Co Ltd (600423)?
Liuzhou Chemical Industry Co Ltd reported trailing-twelve-month revenue of about 146M CNY (latest available figure, as of Sep 24, 2026).
What growth is priced into Liuzhou Chemical Industry Co Ltd (600423)?
For today's price to be fair in a discounted-cash-flow model, Liuzhou Chemical Industry Co Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +5.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 600423 use?
Our models discount Liuzhou Chemical Industry Co Ltd at 10.4 %: a base by market capitalisation (small), damped by beta 0.17, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Liuzhou Chemical Industry Co Ltd that is more than 80 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Liuzhou Chemical Industry Co Ltd (600423) delivered so far?
Over the past 5 years revenue at Liuzhou Chemical Industry Co Ltd grew +5.1 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Liuzhou Chemical Industry Co Ltd (600423) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Liuzhou Chemical Industry Co Ltd (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Liuzhou Chemical Industry Co Ltd (600423)?
The free-cash-flow yield on the price is 0.17 %: that much free cash flow Liuzhou Chemical Industry Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Liuzhou Chemical Industry Co Ltd (600423)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Liuzhou Chemical Industry Co Ltd it is ¥1.20 per share (as of Sep 24, 2026), against a price of ¥2.68. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Liuzhou Chemical Industry Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 600423 trades above its calculated fair value: price ¥2.68, fair value ¥1.20, a gap of about −55% (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 600423?
No. The price is what the market pays today (¥2.68); the fair value is what the company's own numbers justify (¥1.20). For Liuzhou Chemical Industry Co Ltd the two are ¥1.48 per share apart. That gap is exactly why we show both numbers side by side.
How much is Liuzhou Chemical Industry Co Ltd worth?
The market values Liuzhou Chemical Industry Co Ltd at about 2.1B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥2.68; our models calculate a fair value of ¥1.20 per share.
What do the bullish and bearish scenarios say about 600423?
Our models span a range for Liuzhou Chemical Industry Co Ltd: cautious scenario ¥1.16, base ¥1.20, optimistic ¥1.22 per share (as of Sep 24, 2026, price ¥2.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of 600423?
The PEG ratio of Liuzhou Chemical Industry Co Ltd is 0.60 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Liuzhou Chemical Industry Co Ltd (600423)?
Balance-sheet figures for Liuzhou Chemical Industry Co Ltd (as of Sep 24, 2026): return on equity −2.7%, debt of 0.00 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 600423 from its 52-week high?
Liuzhou Chemical Industry Co Ltd trades at ¥2.68, about 41% below its 52-week high of ¥4.52 and 21% above the low of ¥2.22 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.20 is for.
Which stocks are comparable to Liuzhou Chemical Industry Co Ltd?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, 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 Liuzhou Chemical Industry Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price ¥2.68, calculated fair value ¥1.20 (−55%), Quality Score 41/100, from 10 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 600423 calculated?
We run Liuzhou Chemical Industry Co Ltd through 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.20, 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. Liuzhou Chemical Industry 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 Liuzhou Chemical Industry Co Ltd (600423)?
The closing price on Sep 24, 2026 was ¥2.68. Our model-based fair value is ¥1.20, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Liuzhou Chemical Industry Co Ltd right now?
The price sits above even our optimistic bull case (¥1.22). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (¥1.16 to ¥1.22), unusually little disagreement for a valuation.
Key figures of Liuzhou Chemical Industry Co Ltd
How large is the market capitalisation of Liuzhou Chemical Industry Co Ltd (600423)?
The market capitalisation of Liuzhou Chemical Industry Co Ltd is 2.1B CNY (≈ $319M). 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 Liuzhou Chemical Industry Co Ltd (600423)?
The price-to-sales ratio of Liuzhou Chemical Industry Co Ltd is 15.5 (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 Liuzhou Chemical Industry Co Ltd (600423)?
Earnings per share at Liuzhou Chemical Industry Co Ltd are ¥−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Liuzhou Chemical Industry Co Ltd (600423)?
The net margin of Liuzhou Chemical Industry Co Ltd is −18.7% (fiscal year 2025). 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 Liuzhou Chemical Industry Co Ltd (600423)?
The return on equity (ROE) of Liuzhou Chemical Industry Co Ltd is −2.7% (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 Liuzhou Chemical Industry Co Ltd (600423)?
On an EBIT basis the return on assets of Liuzhou Chemical Industry Co Ltd is 4.3% (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 Liuzhou Chemical Industry Co Ltd (600423)?
The operating margin of Liuzhou Chemical Industry Co Ltd is 22.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Liuzhou Chemical Industry Co Ltd (600423)?
Revenue at Liuzhou Chemical Industry Co Ltd is growing +52.7% versus a year earlier (3y avg −0.7%). 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 Liuzhou Chemical Industry Co Ltd (600423)?
Earnings per share at Liuzhou Chemical Industry Co Ltd are growing +891% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Liuzhou Chemical Industry Co Ltd (600423) hold?
Liuzhou Chemical Industry Co Ltd holds more cash than debt, 424M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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