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Jiangxi Salt Industry Group (601065) Fair Value & Analysis

Consumer Defensive · CN · Market cap 4.4B CNY

JS Jiangxi Salt Industry Group 601065 · SHG
Price¥6.84
Fair Value¥6.63
Upside-3.1%
Quality40/100
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Weak Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
1.74% dividend yield
Mixed vs. peers (6/14)
Narrow moat 35/100
Evidence: High Range ¥4.97 – ¥8.29 Share as image

Fair value as of: Aug 9, 2026

From 24 valuation models · updated yesterday

Share price +0.3% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥4.97 (bear) to ¥8.29 (bull), base ¥6.63. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 40/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

¥15.91 ¥6.56 Fair Value ¥6.63 Apr 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

40‑month range ¥6.56 – ¥15.91 · fair‑value band ¥4.97 – ¥8.29 · the ¥6.84 price screens above the ¥6.63 fair value. Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

Jiangxi Salt Industry Group (601065) currently trades at ¥6.84, while our model-based Fair Value estimate is ¥6.63, implying the stock looks roughly 3.1% fairly valued today. The Quality Score stands at 40/100 (below-average quality), in the Consumer Defensive 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, Jiangxi Salt Industry Group generated revenue of 2.2B CNY at a net margin of 9.1%. Revenue declined 8.1% year over year. It earns a return on equity of 4.6%. Net debt stands at 361M CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥4.97 (bear case) to ¥8.29 (bull case); at ¥6.84, the current price sits within 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 26% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -3%, 601065 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥4.70 ¥5.65 ¥7.22 80
Residual Income ¥5.38 ¥5.51 ¥5.40 76
Rev-Margin DCF ¥4.76 ¥6.22 ¥8.00 74
All 24 models by family
DCF Models
FCF DCF ¥4.58 ¥5.57 ¥7.34 38
Owner Earnings ¥4.45 ¥5.38 ¥7.07 31
5Y Revenue Exit ¥4.76 ¥6.15 ¥8.18 39
5Y EBITDA Exit ¥7.31 ¥10.57 ¥14.88 41
5Y P/E Exit ¥6.12 ¥8.50 ¥11.34 38
10Y Revenue Exit ¥4.59 ¥5.60 ¥6.69 36
10Y EBITDA Exit ¥6.18 ¥8.27 ¥10.54 37
10Y P/E Exit ¥5.47 ¥7.02 ¥8.50 35
Earnings-Based
Graham-Dodd ¥2.65 ¥3.24 ¥3.65 54
EPV ¥4.46 ¥4.87 ¥5.22 59
Dividend Discount
Gordon GGM ¥1.93 ¥2.11 ¥2.37 70
DDM Multi-Stage ¥1.93 ¥2.39 ¥3.01 61
Multiples
P/E Multiple ¥6.14 ¥8.19 ¥10.24 63
P/S Multiple ¥4.22 ¥5.63 ¥7.03 58
P/B Multiple ¥4.97 ¥6.63 ¥8.29 55
EV/EBIT ¥6.47 ¥7.99 ¥9.52 53
EV/EBITDA ¥10.35 ¥13.17 ¥15.99 54
EV/Revenue ¥5.15 ¥6.56 ¥7.96 43
Asset-Based
NCAV (Graham) ¥3.48 ¥4.67 ¥6.96 50
Growth DCF
Growth DCF ¥4.70 ¥5.65 ¥7.22 80
Rev-Margin DCF ¥4.76 ¥6.22 ¥8.00 74
Economic Profit
Residual Income ¥5.38 ¥5.51 ¥5.40 76
ROIC Compounder ¥4.46 ¥4.87 ¥5.22 72
Growth Earnings
Growth-Adj P/E ¥4.34 ¥6.20 ¥8.06 68

Widest divergence: Multiples (¥6.63) versus Dividend Discount (¥2.11). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) -8.1%
Net margin 9.1%
Return on equity 4.6%
Free cash flow 187M CNY FY2025
P/E ratio 23.9
More key figures
Operating margin 6.1%
EPS (TTM) ¥0.3100
Dividend yield 1.6%
EPS growth (YoY) -66.7%
Net debt 361M CNY FY2022

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 40/100

Of which business quality 47 · Market factors (momentum, volatility) 40

Profitability 33
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 18
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 40
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

Jiangxi Salt Industry Group Co., Ltd engages in the research and development, production, and sale of salt products in China.

Full company description

Jiangxi Salt Industry Group Co., Ltd engages in the research and development, production, and sale of salt products in China. The company offers table and industrial salts; wholesale and retail salt products, such as alum and calcium products; and salt chemical products, including soda ash and baking soda under the Jinggang, Baixian, and Qingjiang Guhai brand names. It also involved in the underground mining of rock salt; production and sales of packaging materials, edible salt, and industrial salt; and investment and asset management business. Jiangxi Salt Industry Group Co., Ltd was founded in 1989 and is based in Nanchang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangxi Salt Industry Group reported revenue of ¥2.3B in FY2025 versus ¥2.1B in FY2021, a compound +2.4%/yr. Reported net income was ¥251M in FY2025, compounding +8.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.3B CNY
Latest YoY
−15.7%
Avg. growth/yr (3Y)
−8.3%
Revenue +2.4%/yr
FY21 ¥2.1B
FY22 ¥2.9B
FY23 ¥2.9B
FY24 ¥2.7B
FY25 ¥2.3B
Net income +8.4%/yr
FY21 ¥182M
FY22 ¥421M
FY23 ¥495M
FY24 ¥461M
FY25 ¥251M

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Cite: Fair Value Calculator (2026). "Jiangxi Salt Industry Group Fair Value". https://www.fairvalue-calculator.com/stock/601065

Peer Group

Packaged Foods · 653 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 40 · Bottom 25%
Fair Value upside −3% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 2% · Below median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 1.7% · Below median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 22.1× · Pricier than median
P/B 0.98× · Cheaper than median
P/S (TTM) 1.99× · Pricier than 75% of peers
P/FCF 3.5× · Pricier than median
EV/EBITDA 6.7× · Cheaper 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 29 · sector 29
FUTURE 0 · sector 19
PAST 18 · sector 27
HEALTH 99 · sector 96
DIVIDEND 35 · sector 47

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 9, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

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Frequently asked questions

Is Jiangxi Salt Industry Group (601065) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥6.63 versus a price of ¥6.84, about −3% (fairly valued).
What is the fair value of 601065?
Our model-based fair value for Jiangxi Salt Industry Group is ¥6.63 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥6.84.
What is the quality score of 601065?
Jiangxi Salt Industry Group has a Quality Score of 40/100. 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 Jiangxi Salt Industry Group (601065)?
Jiangxi Salt Industry Group reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 601065?
The net profit margin of Jiangxi Salt Industry Group is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does Jiangxi Salt Industry Group pay a dividend?
Jiangxi Salt Industry Group currently shows a dividend yield of about 1.62% relative to its recent price (as of Aug 9, 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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