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Guangdong Guanhao High-Tech Co Ltd (600433) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Guangdong Guanhao High-Tech Co Ltd stock ¥2.92, price ¥3.01, that is 3.0% below the price, quality 34 out of 100. Rating: fairly valued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials CN · ISIN CNE000001F47

GG Guangdong Guanhao High-Tech Co Ltd logo Thin data Nov 9, 2026

Guangdong Guanhao High-Tech Co Ltd

600433 · SHG
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value ¥2.92 · Fairly valued
Thin margins · 0.4% net margin (TTM)
Quality 34/100
Weak Growth (revenue 5y +1.9 %/yr in CNY)
Negative free cash flow
Trails peers (1/12)
Narrow moat 13/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

¥5.56 ¥2.41 Fair Value ¥2.92 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range ¥2.41 – ¥5.56 · fair‑value band ¥2.18 – ¥4.36 · the ¥3.01 price screens above the ¥2.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

Guangdong Guanhao High-Tech Co., Ltd. researches, develops, produces, manufactures, and sells paper products in China and internationally.

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The company offers sublimation transfer paper; labelstock materials, including coated paper, thermal paper, and film adhesives; and thermal materials, such as cash register thermal paper, normal thermal paper, bill thermal paper, label thermal paper, label thermal materials, and other products, as well as ordinary and special carbonless paper under the Guanhao and Haozheng brand names.

The company was formerly known as Zhanjiang Guanhao Paper Industrial Co., Ltd. and changed its name to Guangdong Guanhao High-Tech Co., Ltd. in July 1999. Guangdong Guanhao High-Tech Co., Ltd. was founded in 1993 and is based in Zhanjiang, China.

Stock analysis

Guangdong Guanhao High-Tech Co Ltd (600433) currently trades at ¥3.01, while our model-based Fair Value estimate is ¥2.92, so the stock looks roughly fairly valued today (gap 3.1%).

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 80/100, which puts the data coverage at low.

Scenario range: ¥2.18 (bear) to ¥4.36 (bull), the price of ¥3.01 sits inside 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 34/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

Guangdong Guanhao High-Tech Co Ltd reported revenue of 7.1B CNY in FY2025 versus 7.4B CNY in FY2021, a compound −0.9%/yr. Reported net income was −304M CNY in FY2025.

Key figures

Market cap 5.3B CNY (≈ $789M) Small · P/S ratio 0.73 · EPS (TTM) ¥−0.0200 · Dividend yield 2.0% · Net margin 0.4% · Return on equity 1.4% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 2.5%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (medium confidence).

What moves the price

The share trades about 41% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −3%, 600433 screens richer than that median.

Fair Value models

Bear ¥2.18 Fair Value ¥2.92 Bull ¥4.36
Price ¥3.01 · Downside -3.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) ¥1.09 ¥1.46 ¥2.18 54
All 1 models by family
Asset-Based
NCAV (Graham) ¥1.09 ¥1.46 ¥2.18 54

The fair value above starts from this blend and is adjusted for a cyclical trough year.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 11
How much profit the company makes from its sales and capital
Quality Growth 5
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 33
Debt, balance sheet and risk of trouble
Investment 71
Does it invest with discipline instead of growing at any price?
Low Volatility 62
How calm the share price moves, does not count
Price momentum 23
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 99
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.8%
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.
−4.0%
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.
+1.9%
Start year 2020 (pandemic). Over 10 years: +18.6% 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.
+13.7%
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.
7.5% (2020) → −5.0% (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

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Compare Guangdong Guanhao High-Tech Co Ltd with another stock

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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.Paper & Paper Products · 116 stocks

Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −4.3% · Above median
Profitability
Return on equity (12 months) 1.4% · Below median
Return on assets −2.6% · Bottom 25%
Net margin (12 months) 0.4% · Below median
Operating margin (12 months) 2.5% · Below median
Growth and dividend
Revenue growth (quarter YoY) −1.4% · Bottom 25%
Dividend yield (12 months) 2.0% · Below median
Balance sheet
Debt / equity 0.49× · Above median

Valuation Multiplesvs Paper & Paper Products median · lower = cheaper

P/B 1.26× · Pricier than median
P/S (12 months) 0.73× · Pricier than median
EV/EBITDA 45.8× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)28 · sector 27
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)5 · sector 14
HEALTH (low debt)76 · sector 90
DIVIDEND (yield)39 · sector 39

Context: sector, industry, market

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Nine Dragons Paper (Holdings) Limited 2689 HK$4.62 HK$7.54 +63% vs 600433
PT Indah Kiat Pulp & Paper Tbk INKP 6,425 IDR 10,483 IDR +63% vs 600433
Empresas CMPC S.A CMPC 898.00 CLP 1,241 CLP +38% vs 600433
Xianhe Co 603733 ¥15.86 ¥21.06 +33% vs 600433
Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM €19.94 €24.27 +22% vs 600433
Shandong Sunpaper Co 002078 ¥14.12 ¥16.93 +20% vs 600433
UPM-Kymmene Oyj UPM €22.46 €21.19 −6% vs 600433
The Navigator Company NVG €3.04 €2.49 −18% vs 600433
Billerud AB BILL kr 88.20 kr 68.44 −22% vs 600433
Suzano S.A SUZ $9.66 $5.24 −46% vs 600433

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Guangdong Guanhao High-Tech Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Guangdong Guanhao High-Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600433

Frequently asked questions

Is Guangdong Guanhao High-Tech Co Ltd (600433) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ¥2.92 versus a price of ¥3.01, about 3% lower (fairly valued).
What is the fair value of 600433?
Our model-based fair value for Guangdong Guanhao High-Tech Co Ltd is ¥2.92 (as of Nov 9, 2026), built from audited fundamentals. The current price: ¥3.01.
What is the quality score of 600433?
Guangdong Guanhao High-Tech Co Ltd has a Quality Score of 34/100. 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 Guangdong Guanhao High-Tech Co Ltd (600433)?
Our model-based price target is the fair value of ¥2.92 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario ¥2.18, optimistic scenario ¥4.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Guangdong Guanhao High-Tech Co Ltd stock forecast for 2026?
Our models put fair value at ¥2.92, about 3% lower versus a price of ¥3.01 (fairly valued). Cautious scenario ¥2.18, optimistic scenario ¥4.36. The calculation is refreshed regularly with new filings.
What is the revenue of Guangdong Guanhao High-Tech Co Ltd (600433)?
Guangdong Guanhao High-Tech Co Ltd reported trailing-twelve-month revenue of about 7.4B CNY (latest available figure, as of Nov 9, 2026).
Does Guangdong Guanhao High-Tech Co Ltd pay a dividend?
Guangdong Guanhao High-Tech Co Ltd currently shows a dividend yield of 1.96% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Guangdong Guanhao High-Tech Co Ltd (600433)?
Guangdong Guanhao High-Tech Co Ltd has a dividend yield of 2.0%.
What is the intrinsic value of Guangdong Guanhao High-Tech Co Ltd (600433)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Guangdong Guanhao High-Tech Co Ltd it is ¥2.92 per share (as of Nov 9, 2026), against a price of ¥3.01. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Guangdong Guanhao High-Tech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 600433 trades above its calculated fair value: price ¥3.01, fair value ¥2.92, a gap of about −3% (fairly valued). 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 600433?
No. The price is what the market pays today (¥3.01); the fair value is what the company's own numbers justify (¥2.92). For Guangdong Guanhao High-Tech Co Ltd the two are ¥0.0900 per share apart. That gap is exactly why we show both numbers side by side.
How much is Guangdong Guanhao High-Tech Co Ltd worth?
The market values Guangdong Guanhao High-Tech Co Ltd at about 5.3B CNY (market capitalisation, as of Nov 9, 2026). Per share that is ¥3.01; our models calculate a fair value of ¥2.92 per share.
What do the bullish and bearish scenarios say about 600433?
Our models span a range for Guangdong Guanhao High-Tech Co Ltd: cautious scenario ¥2.18, base ¥2.92, optimistic ¥4.36 per share (as of Nov 9, 2026, price ¥3.01). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Guangdong Guanhao High-Tech Co Ltd (600433)?
Balance-sheet figures for Guangdong Guanhao High-Tech Co Ltd (as of Nov 9, 2026): return on equity 1.4%, debt of 0.49 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 600433 from its 52-week high?
Guangdong Guanhao High-Tech Co Ltd trades at ¥3.01, about 41% below its 52-week high of ¥5.14 and 3% above the low of ¥2.91 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥2.92 is for.
Which stocks are comparable to Guangdong Guanhao High-Tech Co Ltd?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, 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 Guangdong Guanhao High-Tech Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price ¥3.01, calculated fair value ¥2.92 (−3%), Quality Score 34/100, from 1 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 600433 calculated?
We run Guangdong Guanhao High-Tech Co Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥2.92 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Guangdong Guanhao High-Tech 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 Guangdong Guanhao High-Tech Co Ltd (600433)?
The closing price on Nov 9, 2026 was ¥3.01. Our model-based fair value is ¥2.92, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Guangdong Guanhao High-Tech Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (¥2.18 to ¥4.36) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Guangdong Guanhao High-Tech Co Ltd

How large is the market capitalisation of Guangdong Guanhao High-Tech Co Ltd (600433)?
The market capitalisation of Guangdong Guanhao High-Tech Co Ltd is 5.3B CNY (≈ $789M). 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 Guangdong Guanhao High-Tech Co Ltd (600433)?
The price-to-sales ratio of Guangdong Guanhao High-Tech Co Ltd is 0.73 (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 Guangdong Guanhao High-Tech Co Ltd (600433)?
Earnings per share at Guangdong Guanhao High-Tech Co Ltd are ¥−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Guangdong Guanhao High-Tech Co Ltd (600433)?
The dividend yield of Guangdong Guanhao High-Tech Co Ltd is 2.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Guangdong Guanhao High-Tech Co Ltd (600433)?
The net margin of Guangdong Guanhao High-Tech Co Ltd is 0.4% (last twelve months). 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 Guangdong Guanhao High-Tech Co Ltd (600433)?
The return on equity (ROE) of Guangdong Guanhao High-Tech Co Ltd is 1.4% (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 Guangdong Guanhao High-Tech Co Ltd (600433)?
On an EBIT basis the return on assets of Guangdong Guanhao High-Tech Co Ltd is 1.3% (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 Guangdong Guanhao High-Tech Co Ltd (600433)?
The operating margin of Guangdong Guanhao High-Tech Co Ltd is 2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Guangdong Guanhao High-Tech Co Ltd (600433)?
Revenue at Guangdong Guanhao High-Tech Co Ltd is growing −1.4% versus a year earlier (3y avg −4.0%). 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 Guangdong Guanhao High-Tech Co Ltd (600433)?
Earnings per share at Guangdong Guanhao High-Tech Co Ltd are growing +256% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Guangdong Guanhao High-Tech Co Ltd (600433) generate?
The free cash flow of Guangdong Guanhao High-Tech Co Ltd is −1.2B CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Guangdong Guanhao High-Tech Co Ltd (600433) carry?
The net debt of Guangdong Guanhao High-Tech Co Ltd is 4.1B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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