Yueyang Forest & Paper Co Ltd (600963) Fair Value & Analysis
Basic Materials · CN · Market cap 5.8B CNY
Risks
Fair value as of: Aug 13, 2026
From 6 valuation models · updated 11 days ago
Fair value updated Aug 13, 2026, revised from ¥0.5300 to ¥1.06 (+100.0%) since Aug 9, 2026. Share price +5.1% over the past month.
Below-average quality, and trading another 213% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥1.60). The favourable scenario is already priced in.
- Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The model range is unusually wide (¥0.5200 to ¥1.60). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥2.95 – ¥11.31 · fair‑value band ¥0.5200 – ¥1.60 · the ¥3.32 price screens above the ¥1.06 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Yueyang Forest & Paper Co Ltd (600963) currently trades at ¥3.32, while our model-based Fair Value estimate is ¥1.06, implying the stock looks roughly 68.1% overvalued today. The Quality Score stands at 42/100 (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, Yueyang Forest & Paper Co Ltd generated revenue of 8.5B CNY at a net margin of -3.2%. Revenue declined 7.1% year over year. It earns a return on equity of -3.5%. Net debt stands at 9.8B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥0.5200 (bear case) to ¥1.60 (bull case); at ¥3.32, 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 50% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at -68%, 600963 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.
All 6 models by family
Widest divergence: Multiples (¥3.29) versus Dividend Discount (¥0.4200). Highest evidence: Gordon GGM (70).
Notify me when 600963 reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 26
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
Yueyang Forest & Paper Co., Ltd. manufactures and sells cultural, commercial pulp, industrial, and packaging paper products in China and internationally.
Full company description
Yueyang Forest & Paper Co., Ltd. manufactures and sells cultural, commercial pulp, industrial, and packaging paper products in China and internationally. The company offers refined lightweight coated, offset printing, pure wood pulp, light glue master, copy, and light offset paper products, as well as kraft, stretch paper bag, high-strength paper bag, fine paper bag, handbag, food packaging, coated, composite base, wet curtain, dissolving pulp, and other paper products. It serves publishing houses, magazines, large printing plants, paper product processing enterprises, and paper product distributors. Yueyang Forest & Paper Co., Ltd. was formerly known as Yueyang Paper Co., Ltd. and changed its name to Yueyang Forest & Paper Co., Ltd. in June 2011. The company was founded in 2000 and is based in Yueyang, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Yueyang Forest & Paper Co Ltd reported revenue of ¥8.6B in FY2025 versus ¥7.8B in FY2021, a compound +2.5%/yr. Reported net income was −¥235M in FY2025.
600963 screens 68% overvalued. Compare with UPM-Kymmene Oyj →
Peer Group
Paper & Paper Products · 115 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.
Valuation Multiples vs Paper & Paper Products median · lower = cheaper
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: 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.
Similar stocks
10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| UPM-Kymmene Oyj UPM | €23.67 | €14.21 | -40% |
| Suzano S.A SUZ | $8.50 | $23.89 | +181% |
| Svenska Cellulosa Aktiebolaget SCA (publ) SCAA | kr 111.50 | kr 45.12 | -60% |
| Shandong Sunpaper Co 002078 | ¥13.94 | ¥17.29 | +24% |
| Holmen AB HOLMB | kr 314.00 | kr 217.72 | -31% |
| Nine Dragons Paper (Holdings) Limited 2689 | HK$7.92 | HK$8.74 | +10% |
| Empresas CMPC S.A CMPC | 1,000 CLP | 1,253 CLP | +25% |
| The Navigator Company NVG | €3.24 | €2.65 | -18% |
| Xianhe Co 603733 | ¥21.11 | ¥21.06 | -0% |
| Semapa - Sociedade de Investimento e Gestão, SGPS, S.A SEM | €22.40 | €24.73 | +10% |
Compare Yueyang Forest & Paper Co Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Discover undervalued stocks
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Yueyang Forest & Paper Co Ltd (600963) overvalued or undervalued?
What is the fair value of 600963?
What is the quality score of 600963?
What is the revenue of Yueyang Forest & Paper Co Ltd (600963)?
What is the net profit margin of 600963?
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.
Track Yueyang Forest & Paper Co Ltd and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.