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Shanghai Zhongyida Co Ltd A (600610) Fair Value & Analysis

Basic Materials · CN · Market cap 7.5B CNY

SZ Shanghai Zhongyida Co Ltd A 600610 · SHG
Price¥8.66
Fair Value¥0.9900
Upside-88.6%
Quality73/100

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 775% ABOVE our fair value of ¥0.9900
!Weak Growth (revenue 5y −0.7 %/yr)
!Thin margins · 5.3% net margin
!High debt · generates free cash flow
Weak Growth (revenue 5y −0.7 %/yr)
Thin margins · 5.3% net margin
High debt · generates free cash flow
Trails peers (5/13)
Moderate moat 60/100
Evidence: High Range ¥0.7500 – ¥1.63 Share as image

Fair value as of: Aug 23, 2026

From 26 valuation models · updated 2 days ago

Share price +36.2% over the past month.

A solid business, but trading 775% 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

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥1.63). The favourable scenario is already priced in.
  • A fairly wide model range (¥0.7500 to ¥1.63) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥22.28 ¥3.27 Fair Value ¥0.9900 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ¥3.27 – ¥22.28 · fair‑value band ¥0.7500 – ¥1.63 · the ¥8.66 price screens above the ¥0.9900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Shanghai Zhongyida Co Ltd A (600610) currently trades at ¥8.66, while our model-based Fair Value estimate is ¥0.9900, implying the stock looks roughly 88.6% overvalued today. The Quality Score stands at 73/100 (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: high).

Over the trailing twelve months, Shanghai Zhongyida Co Ltd A generated revenue of 1.0B CNY at a net margin of 5.3%. Revenue grew 0.1% year over year. It earns a return on equity of 50.4%. Net debt stands at 538M CNY. Fundamentals as of Aug 23, 2026

Our scenario range runs from ¥0.7500 (bear case) to ¥1.63 (bull case); at ¥8.66, 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 54% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -54% fair-value upside, at -89%, 600610 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.1100 to ¥7.12). Read the values as a conservative anchor, not as a price target.
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
Growth DCF ¥3.52 ¥7.12 ¥13.61 80
Residual Income ¥0.6000 ¥1.01 ¥17.78 76
Rev-Margin DCF ¥1.94 ¥3.66 ¥6.18 74
All 26 models by family
DCF Models
FCF DCF ¥3.69 ¥6.47 ¥13.91 38
Owner Earnings ¥2.17 ¥5.08 ¥10.84 31
5Y Revenue Exit ¥1.94 ¥3.51 ¥6.23 39
5Y EBITDA Exit ¥2.66 ¥5.09 ¥9.08 41
5Y P/E Exit ¥1.62 ¥2.98 ¥4.61 38
10Y Revenue Exit ¥2.41 ¥4.43 ¥6.91 36
10Y EBITDA Exit ¥2.96 ¥5.72 ¥10.48 37
10Y P/E Exit ¥2.25 ¥3.86 ¥6.33 35
Earnings-Based
Graham-Dodd ¥0.4900 ¥3.25 ¥4.56 54
Lynch FV ¥0.9500 ¥1.36 ¥1.77 50
PEG = 1.0 ¥0.9500 ¥1.36 ¥1.77 46
EPV ¥0.8900 ¥1.09 ¥1.26 59
Dividend Discount
Gordon GGM ¥0.0900 ¥0.1800 ¥0.2700 70
DDM Multi-Stage ¥0.0900 ¥0.1600 ¥0.1900 61
Multiples
P/E Multiple ¥1.12 ¥1.50 ¥1.87 63
P/S Multiple ¥0.9100 ¥1.21 ¥1.52 58
P/B Multiple ¥0.5700 ¥0.7600 ¥0.9500 55
EV/EBIT ¥1.73 ¥2.42 ¥3.12 53
EV/EBITDA ¥2.30 ¥3.18 ¥4.06 54
EV/Revenue ¥1.14 ¥1.77 ¥2.41 43
Asset-Based
NCAV (Graham) ¥0.0800 ¥0.1100 ¥0.1700 50
Growth DCF
Growth DCF ¥3.52 ¥7.12 ¥13.61 80
Rev-Margin DCF ¥1.94 ¥3.66 ¥6.18 74
Economic Profit
Residual Income ¥0.6000 ¥1.01 ¥17.78 76
ROIC Compounder ¥1.16 ¥1.77 ¥2.59 72
Growth Earnings
Growth-Adj P/E ¥1.32 ¥1.89 ¥2.46 68

Widest divergence: DCF Models (¥4.43) versus Asset-Based (¥0.1100). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 159.6 as of Jun 15, 2026
P/S ratio 8.18 TTM
Net margin 5.3% TTM
Return on equity 50.4% TTM
Return on assets 7.7% TTM
Operating margin 13.4% TTM
More key figures
Profitability
EPS (TTM) ¥0.0500
Growth
Revenue (TTM) 1.0B CNY TTM
Revenue growth (YoY) +0.1% 3y avg -8.7%
EPS growth (YoY) +35.2%
Balance sheet & cash flow
Free cash flow 198M CNY FY2025
Net debt 538M CNY FY2025 · ≈ 2.7 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 69 · Market factors (momentum, volatility) 27

Profitability 56
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 88
Earnings quality: real cash, not paper profit
Fin. Strength 41
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
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 Zhongyida Co., Ltd produces and sells fine chemical products in the People's Republic of China. The company offers pentaerythritol series products such as, industrial pentaerythritol, dipentaerythritol, and tripentaerythritol; and trimethylolpropane series products consisting, industrial ditrimethylolpropane and trimethylolpropane, edible alcohol, …

Full company description

Guizhou Zhongyida Co., Ltd produces and sells fine chemical products in the People's Republic of China. The company offers pentaerythritol series products such as, industrial pentaerythritol, dipentaerythritol, and tripentaerythritol; and trimethylolpropane series products consisting, industrial ditrimethylolpropane and trimethylolpropane, edible alcohol, as well as main and by-product DDGS feed, etc. It serves alkyd resins, synthetic lubricants, antioxidants, flame retardants, UV monomers, rosin resins, plasticizers, explosives, inks and other fields. The company was formerly known as Shanghai Zhongyida Co., Ltd. and changed its name to Guizhou Zhongyida Co., Ltd in April 2023. Guizhou Zhongyida Co., Ltd was founded in 1992 and is based in Shanghai, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Zhongyida Co Ltd A reported revenue of ¥1.0B in FY2025 versus ¥1.4B in FY2021, a compound −7.1%/yr. Reported net income was ¥50.7M in FY2025, compounding +4.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.0B CNY
Latest YoY
−5.4%
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.
−8.7%
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.
−0.7%
Avg. revenue growth/yr (33Y) 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.
+5.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+3.9% (3.9 + 0.0)
Revenue −7.1%/yr
FY21 ¥1.4B
FY22 ¥1.4B
FY23 ¥1.2B
FY24 ¥1.1B
FY25 ¥1.0B
Net income +4.9%/yr
FY21 ¥41.9M
FY22 ¥11.1M
FY23 −¥120M
FY24 −¥14.1M
FY25 ¥50.7M

600610 screens 89% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Shanghai Zhongyida Co Ltd A Fair Value". https://www.fairvalue-calculator.com/stock/600610

Peer Group

Chemicals · 336 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 73 · Top 25%
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 50% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 5% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 4.07× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 159.6× · Pricier than 75% of peers
P/S (TTM) 7.21× · Pricier than 75% of peers
P/FCF 5.7× · Pricier than median
EV/EBITDA 39.0× · 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
FUTURE1 · sector 21
PAST100 · sector 20
HEALTH0 · sector 94
DIVIDEND2 · sector 32

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 23, 2026).

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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 ¥13.06 ¥2.39 -82%
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%

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Frequently asked questions

Is Shanghai Zhongyida Co Ltd A (600610) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ¥0.9900 versus a price of ¥8.66, about −89% (overvalued).
What is the fair value of 600610?
Our model-based fair value for Shanghai Zhongyida Co Ltd A is ¥0.9900 (as of Aug 23, 2026), built from audited fundamentals. The current price: ¥8.66.
What is the quality score of 600610?
Shanghai Zhongyida Co Ltd A has a Quality Score of 73/100. 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 Shanghai Zhongyida Co Ltd A (600610)?
Shanghai Zhongyida Co Ltd A reported trailing-twelve-month revenue of about 1.0B CNY (latest available figure, as of Aug 23, 2026).
What is the net profit margin of 600610?
The net profit margin of Shanghai Zhongyida Co Ltd A is about 5.3%, meaning it keeps roughly 5.3% of revenue as net income. Based on the latest reported figures.

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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