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Shenma Industry Co. (600810) Fair Value & Analysis

Basic Materials · CN · Market cap 6.9B CNY

SI Shenma Industry Co. 600810 · SHG
Price¥5.80
Fair Value¥3.12
Upside-46.2%
Quality27/100
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Evidence: Medium Range ¥1.31 – ¥4.92

Fair value as of: Jul 11, 2026

From 15 valuation models · updated today

Fair value updated Jul 11, 2026 — revised from ¥25.68 to ¥3.12 (−87.9%) since Jun 24, 2026. Share price −6.0% over the past month.

Price vs Fair Value (12 months)

¥11.42 ¥5.72 Fair Value ¥3.12 Jun 2025 Jul 2026

12‑month range ¥5.72 – ¥11.42 · fair‑value band ¥1.31 – ¥4.92 · the ¥5.80 price screens above the ¥3.12 fair value. As of Jul 11, 2026.

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Analysis

Shenma Industry Co. (600810) currently trades at ¥5.80, while our model-based Fair Value estimate is ¥3.12 — implying the stock looks roughly 46.2% overvalued today. We read business quality at 27/100 (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, Shenma Industry Co. generated revenue of 12.5B CNY at a net margin of -1.4%. Revenue declined 3.7% year over year. It earns a return on equity of -1.4%. Net debt stands at 4.5B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥1.31 (bear case) to ¥4.92 (bull case); at ¥5.80, the current price sits above that range. The share trades about 52% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -56% fair-value upside — at -46%, 600810 screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 12.5B CNY
Revenue growth (YoY) -3.7%
Net margin -1.4%
Return on equity -1.4%
Free cash flow 308M CNY FY2025
Operating margin 0.9%
More key figures
EPS (TTM) ¥-0.1800
EPS growth (YoY) -95.4%
Net debt 4.5B CNY FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 11, 2026. TTM = trailing twelve months.

About the company

Shenma Industry Co.Ltd engages in the chemical and chemical fiber business in China, Europe, the Americas, Asia, and internationally. It offers nylon industrial yarns and cord fabrics; and nylon salt and slices. The company also provides air bag wire; adipic acid, caprolactatn, 1,6-hexanediamine, cyclohexanol, cyclohexane, nitric acid, and aramid fiber; dipped cord fabrics; nylon resins and modified engineering plastics; chemical fiber canvas; and paper and wood products, as well as nylon 66 products. The company was founded in 1993 and is based in Pingdingshan, China. Shenma Industry Co.Ltd operates as a subsidiary of China Pingmei Shenma Holding Group Co.,Ltd.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shenma Industry Co. reported revenue of ¥12.6B in FY2025 versus ¥13.6B in FY2021, a compound −1.9%/yr. Reported net income was −¥217M in FY2025.

Revenue −1.9%/yr
FY21 ¥13.6B
FY22 ¥14.6B
FY23 ¥13.4B
FY24 ¥14.0B
FY25 ¥12.6B
Net income
FY21 ¥2.1B
FY22 ¥399M
FY23 ¥269M
FY24 ¥134M
FY25 −¥217M

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Cite: Fair Value Calculator (2026). "Shenma Industry Co. Fair Value". https://www.fairvalue-calculator.com/stock/600810

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Frequently asked questions

Is Shenma Industry Co. (600810) undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥3.12 versus a price of ¥5.80 — about −46% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 600810?
Our model-based fair value for Shenma Industry Co. is ¥3.12 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥5.80.
What is the quality score of 600810?
Shenma Industry Co. has a Quality Score of 27/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shenma Industry Co. (600810)?
Shenma Industry Co. reported trailing-twelve-month revenue of about 12.5B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 600810?
The net profit margin of Shenma Industry Co. is about -1.4%, meaning it is currently running at a net loss. 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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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.