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Shanghai Yaohua Pilkington Glass Group (600819) Fair Value & Analysis

Basic Materials · CN · Market cap 5.2B CNY

SY Shanghai Yaohua Pilkington Glass Group 600819 · SHG
Price¥5.35
Fair Value¥3.27
Upside-38.9%
Quality48/100
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Mixed Growth
Thin margins · 2.1% net margin
Low debt · generates free cash flow
0.79% dividend yield
Trails peers (1/14)
Narrow moat 31/100
Evidence: Medium Range ¥2.19 – ¥3.65 Share as image

Fair value as of: Aug 8, 2026

From 22 valuation models · updated 2 days ago

Share price +1.3% over the past month.

Below-average quality, and screening another 39% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥3.65). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥9.77 ¥3.32 Fair Value ¥3.27 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥3.32 – ¥9.77 · fair‑value band ¥2.19 – ¥3.65 · the ¥5.35 price screens above the ¥3.27 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Shanghai Yaohua Pilkington Glass Group (600819) currently trades at ¥5.35, while our model-based Fair Value estimate is ¥3.27, implying the stock looks roughly 38.9% overvalued today. The Quality Score stands at 48/100 (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, Shanghai Yaohua Pilkington Glass Group generated revenue of 5.6B CNY at a net margin of 2.1%. Revenue declined 0.3% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of 137M CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥2.19 (bear case) to ¥3.65 (bull case); at ¥5.35, 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 47% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -59% fair-value upside, at -39%, 600819 screens cheaper 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥1.63 ¥1.95 ¥2.40 80
Residual Income ¥3.53 ¥3.44 ¥2.94 76
ROIC Compounder ¥4.40 ¥4.99 ¥5.99 72
All 22 models by family
DCF Models
FCF DCF ¥1.63 ¥1.99 ¥2.54 38
5Y Revenue Exit ¥3.55 ¥5.68 ¥8.48 39
5Y EBITDA Exit ¥4.99 ¥8.41 ¥12.50 41
5Y P/E Exit ¥2.46 ¥3.61 ¥4.84 38
10Y Revenue Exit ¥2.71 ¥4.46 ¥6.95 36
10Y EBITDA Exit ¥3.73 ¥6.32 ¥9.97 37
10Y P/E Exit ¥2.14 ¥3.05 ¥4.20 35
Earnings-Based
Graham-Dodd ¥1.17 ¥3.87 ¥5.18 54
Lynch FV ¥0.8700 ¥1.25 ¥1.62 50
PEG = 1.0 ¥0.8700 ¥1.25 ¥1.62 46
EPV ¥4.40 ¥4.95 ¥5.42 59
Multiples
P/E Multiple ¥2.19 ¥2.92 ¥3.65 63
P/S Multiple ¥2.19 ¥2.92 ¥3.65 58
P/B Multiple ¥2.19 ¥2.92 ¥3.65 55
EV/EBIT ¥5.38 ¥6.85 ¥8.32 53
EV/EBITDA ¥7.57 ¥9.78 ¥11.98 54
EV/Revenue ¥4.79 ¥6.43 ¥8.07 43
Asset-Based
NCAV (Graham) ¥2.44 ¥3.27 ¥4.88 50
Growth DCF
Growth DCF ¥1.63 ¥1.95 ¥2.40 80
Economic Profit
Residual Income ¥3.53 ¥3.44 ¥2.94 76
ROIC Compounder ¥4.40 ¥4.99 ¥5.99 72
Growth Earnings
Growth-Adj P/E ¥1.90 ¥2.72 ¥3.53 68

Widest divergence: DCF Models (¥4.46) versus Earnings-Based (¥1.25). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 5.6B CNY
Revenue growth (YoY) -0.3%
Net margin 2.1%
Return on equity 3.8%
Free cash flow 47.6M CNY FY2025
P/E ratio 58.2
More key figures
Operating margin 5.7%
EPS (TTM) ¥0.1100
Dividend yield 0.7%
EPS growth (YoY) -60.0%
Net cash 137M CNY FY2024

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 24

Profitability 27
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 53
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.

About the company

Shanghai Yaohua Pilkington Glass Group Co., Ltd. engages in the production and sale of glass in China and internationally.

Full company description

Shanghai Yaohua Pilkington Glass Group Co., Ltd. engages in the production and sale of glass in China and internationally. It provides float glass, including clear and low iron glass, on line coated, special function, green tinted, privacy grey tinted, TCO glass, online energy saving, photovoltaic, grey tinted, industrial float glass, and aviation glass substrates. The company also offers architectural processing glass, such as energy-saving, composition, technical protection against glass, special application, decorative, and power generation glass; automotive glazing glass comprising ordinary and rail transit vehicle, and sky glass assembly system; home appliance glass; and special glass. The company was founded in 1983 and is headquartered in Shanghai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shanghai Yaohua Pilkington Glass Group reported revenue of ¥5.6B in FY2025 versus ¥4.6B in FY2021, a compound +5.0%/yr. Reported net income was ¥136M in FY2025, compounding +6.2%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
5.6B CNY
Latest YoY
+0.1%
Avg. growth/yr (3Y)
+5.9%
Avg. growth/yr (5Y)
+6.7%
Avg. growth/yr (32Y)
+8.6%
Revenue +5.0%/yr
FY21 ¥4.6B
FY22 ¥4.8B
FY23 ¥5.6B
FY24 ¥5.6B
FY25 ¥5.6B
Net income +6.2%/yr
FY21 ¥107M
FY22 ¥15.2M
FY23 −¥125M
FY24 ¥116M
FY25 ¥136M

600819 screens 39% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "Shanghai Yaohua Pilkington Glass Group Fair Value". https://www.fairvalue-calculator.com/stock/600819

Peer Group

Building Materials · 254 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 48 · Below median
Fair Value upside −39% · Below median
Return on equity (TTM) 4% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth -0% · Below median
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 48.5× · Pricier than 75% of peers
P/B 1.35× · Pricier than median
P/S (TTM) 0.92× · Pricier than median
P/FCF 16.2× · Pricier than 75% of peers
EV/EBITDA 7.8× · Pricier than median

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 · sector 28
FUTURE 0 · sector 2
PAST 15 · sector 15
HEALTH 96 · sector 92
DIVIDEND 16 · sector 42

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $102.92 $70.57 -31%
UltraTech Cement Limited ULTRACEMCO ₹11,711 ₹4,719 -60%
China Jushi Co 600176 ¥54.52 ¥13.95 -74%
Grasim Industries Limited GRASIM ₹3,073 ₹1,245 -59%
CEMEX, S.A. CEMEXCPO 21.71 MXN 15.42 MXN -29%
Anhui Conch Cement Company 600585 ¥16.99 ¥26.14 +54%
Ambuja Cements Limited AMBUJACEM ₹435.25 ₹227.96 -48%
Shree Cement Limited SHREECEM ₹26,930 ₹8,215 -69%
TCC Group 1101B 43.70 TWD 10.48 TWD -76%
Taiwan Glass Ind. Corp 1802 53.30 TWD 13.98 TWD -74%

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Frequently asked questions

Is Shanghai Yaohua Pilkington Glass Group (600819) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥3.27 versus a price of ¥5.35, about −39% (overvalued).
What is the fair value of 600819?
Our model-based fair value for Shanghai Yaohua Pilkington Glass Group is ¥3.27 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥5.35.
What is the quality score of 600819?
Shanghai Yaohua Pilkington Glass Group has a Quality Score of 48/100. 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 Yaohua Pilkington Glass Group (600819)?
Shanghai Yaohua Pilkington Glass Group reported trailing-twelve-month revenue of about 5.6B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600819?
The net profit margin of Shanghai Yaohua Pilkington Glass Group is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Shanghai Yaohua Pilkington Glass Group pay a dividend?
Shanghai Yaohua Pilkington Glass Group currently shows a dividend yield of about 0.67% relative to its recent price (as of Aug 8, 2026).

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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