EN DE
Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation

Zhejiang Wansheng Co Ltd (603010) fair value: what the stock is really worth

As of Sep 30, 2026: fair value of Zhejiang Wansheng Co Ltd ¥1.56, price ¥12.29, upside -87.3%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Basic Materials · CN · ISIN CNE100001W28

ZW Thin data Sep 28, 2026

Zhejiang Wansheng Co Ltd

603010 · SHG

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥1.56 · Strongly overvalued (−87.3%)
!Quality 43/100
!Expensive Growth (revenue 5y +7.7 %/yr)
!Loss-making · -26.7% net margin (TTM)
!Low debt · negative free cash flow
!0.1% dividend yield · Token dividend
!Trails peers (4/12)
!Narrow moat 23/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 2 out of 100
Watch Zhejiang Wansheng Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free Pro now: $1 first month

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥28.79 ¥8.19 Fair Value ¥1.56 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

60‑month range ¥8.19 – ¥28.79 · fair‑value band ¥1.50 – ¥1.61 · the ¥12.29 price screens above the ¥1.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 28, 2026.

Follow Zhejiang Wansheng Co in your weekly email

Every Wednesday you see whether Zhejiang Wansheng Co is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Zhejiang Wansheng Co., Ltd. produces and sells organic phosphorus based flame retardants, special amines, and cardanol based curing agents and diluents in China.

Show more

Zhejiang Wansheng Co., Ltd. produces and sells organic phosphorus based flame retardants, special amines, and cardanol based curing agents and diluents in China. The company offers coating BU products, such as solvent-free, solvent-based, and light color Phenalkamine curing agents, as well as active and non-active epoxy diluents; amine BU products, comprising special amines, Pyrrolidones, fatty tertiary amines, and aliphatic amines and amides; and catalyst BU products. It also provides flame retardant BU products, including phosphate and non-halogen flame retardant, and flame retardant plasticizer; and personal and home care products. Its products are used in PU, electronic chemicals, household chemicals, pharmaceuticals, and agrochemicals sectors. The company was formerly known as Zhejiang Wansheng Chemicals Co Ltd' and changed its name to Zhejiang Wansheng Co Ltd in 2010. Zhejiang Wansheng Co., Ltd. was founded in 1995 and is headquartered in Linhai, China.

Stock analysis

Zhejiang Wansheng Co Ltd (603010) currently trades at ¥12.29, while our model-based Fair Value estimate is ¥1.56, 87.3% below the price, so the stock looks overvalued today.

Show more

Valuation

Bull case: the Asset-Based group reads highest at a median of ¥3.01 per share, and 0 of the 8 models we run sit above the ¥12.29 price.

Bear case: the Dividend Discount group reads lowest at ¥0.7800, and 8 of the 8 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥1.50 (bear) to ¥1.61 (bull), the price of ¥12.29 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 43/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Zhejiang Wansheng Co Ltd reported revenue of 3.4B CNY in FY2025 versus 4.1B CNY in FY2021, a compound −4.9%/yr. Reported net income was −960M CNY in FY2025.

Key figures

Market cap 7.0B CNY (≈ $1.1B) · P/S ratio 1.78 · EPS (TTM) ¥−1.68 · Dividend yield 0.1% · Net margin −28.5% · Return on equity −27.6% · Return on assets (EBIT) 8.4% · Operating margin 5.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 34% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −46% fair-value upside, at −87%, 603010 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.7800 to ¥6.77). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥1.50 Fair Value ¥1.56 Bull ¥1.61
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
EPV ¥1.51 ¥1.57 ¥1.62 74
ROIC Compounder ¥1.51 ¥1.57 ¥1.62 72
Gordon GGM ¥0.4800 ¥0.8600 ¥1.18 68
All 8 models by family
Earnings-Based
EPV ¥1.51 ¥1.57 ¥1.62 74
Dividend Discount
Gordon GGM ¥0.4800 ¥0.8600 ¥1.18 68
DDM Multi-Stage ¥0.4800 ¥0.7800 ¥0.9200 67
Multiples
EV/EBIT ¥2.27 ¥2.68 ¥3.10 66
EV/EBITDA ¥5.33 ¥6.77 ¥8.20 67
EV/Revenue ¥2.11 ¥2.57 ¥3.03 54
Asset-Based
NCAV (Graham) ¥2.25 ¥3.01 ¥4.49 54
Economic Profit
ROIC Compounder ¥1.51 ¥1.57 ¥1.62 72

Open the full fair value analysis →

Notify me when 603010 reaches fair value

Put 603010 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 44

Profitability 10
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 74
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 43
Distance to the 52-week high (market factor)
Net Issuance 80
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 29/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2020 (pandemic). Over 10 years: +14.4% a year
Revenue growth 14 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.9%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
19.1% (2020) → 2.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

603010 screens overvalued: fair value 87% below the price. Compare with Linde plc →

Compare Zhejiang Wansheng Co Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer Groupⓘ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.Specialty Chemicals · 696 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 43 · Bottom 25%
Fair Value upside −87.3% · Bottom 25%
Profitability
Return on assets 0.6% · Bottom 25%
Net margin (TTM) −26.7% · Bottom 25%
Operating margin (TTM) 5.0% · Below median
Growth and dividend
Revenue growth 26.4% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Balance sheet
Debt / equity 0.25× · Above median

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/B 0.40× · Cheapest 25%
P/S (TTM) 0.29× · Cheapest 25%
EV/EBITDA 1.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 54
PAST (return on equity)0 · sector 26
HEALTH (low debt)88 · sector 95
DIVIDEND (yield)2 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Linde plc LIN $474.65 $441.72 −7%
The Sherwin-Williams Company SHW $330.44 $151.68 −54%
Ecolab Inc ECL $274.58 $96.56 −65%
Air Products and Chemicals, Inc APD $279.19 $121.30 −57%
Nan Ya Plastics Corporation 1303 238.00 TWD 234.23 TWD −2%
Givaudan SA GIVN CHF 3,360 CHF 1,527 −55%
Sika AG SIKA CHF 183.80 CHF 98.89 −46%
Wanhua Chemical Group 600309 ¥69.45 ¥68.03 −2%
DSM-Firmenich AG DSFIR CHF 92.30 CHF 29.70 −68%
Asian Paints Limited ASIANPAINT ₹2,444 ₹1,479 −39%

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Calculator with industry benchmark Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Zhejiang Wansheng Co Ltd · Fair Value
¥1.56 −87%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Zhejiang Wansheng Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603010

Frequently asked questions

Is Zhejiang Wansheng Co Ltd (603010) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of ¥1.56 versus a price of ¥12.29, about −87% upside (overvalued).
What is the fair value of 603010?
Our model-based fair value for Zhejiang Wansheng Co Ltd is ¥1.56 (as of Sep 28, 2026), built from audited fundamentals. The current price: ¥12.29.
What is the quality score of 603010?
Zhejiang Wansheng Co Ltd has a Quality Score of 43/100. 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 price target for Zhejiang Wansheng Co Ltd (603010)?
Our model-based price target is the fair value of ¥1.56 (as of Sep 28, 2026) from 8 valuation models. Cautious scenario ¥1.50, optimistic scenario ¥1.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Wansheng Co Ltd stock forecast for 2026?
Our models put fair value at ¥1.56, about −87% upside versus a price of ¥12.29 (overvalued). Cautious scenario ¥1.50, optimistic scenario ¥1.61. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Wansheng Co Ltd (603010)?
Zhejiang Wansheng Co Ltd reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Sep 28, 2026).
Does Zhejiang Wansheng Co Ltd pay a dividend?
Zhejiang Wansheng Co Ltd currently shows a dividend yield of about 0.08% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Zhejiang Wansheng Co Ltd (603010)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Wansheng Co Ltd it is ¥1.56 per share (as of Sep 28, 2026), against a price of ¥12.29. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Wansheng Co Ltd stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 603010 trades above its calculated fair value: price ¥12.29, fair value ¥1.56, a gap of about −87% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 603010?
No. The price is what the market pays today (¥12.29); the fair value is what the company's own numbers justify (¥1.56). For Zhejiang Wansheng Co Ltd the two are ¥10.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Wansheng Co Ltd worth?
The market values Zhejiang Wansheng Co Ltd at about 7.0B CNY (market capitalisation, as of Sep 28, 2026). Per share that is ¥12.29; our models calculate a fair value of ¥1.56 per share.
What do the bullish and bearish scenarios say about 603010?
Our models span a range for Zhejiang Wansheng Co Ltd: cautious scenario ¥1.50, base ¥1.56, optimistic ¥1.61 per share (as of Sep 28, 2026, price ¥12.29). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhejiang Wansheng Co Ltd (603010)?
Balance-sheet figures for Zhejiang Wansheng Co Ltd (as of Sep 28, 2026): return on equity −27.6%, debt of 0.25 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 603010 from its 52-week high?
Zhejiang Wansheng Co Ltd trades at ¥12.29, about 34% below its 52-week high of ¥18.50 and 28% above the low of ¥9.63 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.56 is for.
Which stocks are comparable to Zhejiang Wansheng Co Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Wansheng Co Ltd stock attractive at the current price?
The data as of Sep 28, 2026: price ¥12.29, calculated fair value ¥1.56 (−87%), Quality Score 43/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 603010 calculated?
We run Zhejiang Wansheng Co Ltd through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.56, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Zhejiang Wansheng Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Wansheng Co Ltd (603010)?
The closing price on Sep 30, 2026 was ¥12.29. Our model-based fair value is ¥1.56, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Wansheng Co Ltd right now?
The price sits above even our optimistic bull case (¥1.61). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (¥1.50 to ¥1.61), unusually little disagreement for a valuation.
Where does the earnings growth of Zhejiang Wansheng Co Ltd (603010) come from?
Earnings per share at Zhejiang Wansheng Co Ltd grew +1.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.8 %, EBIT margin −7.9 %, tax rate +0.1 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Zhejiang Wansheng Co Ltd

How large is the market capitalisation of Zhejiang Wansheng Co Ltd (603010)?
The market capitalisation of Zhejiang Wansheng Co Ltd is 7.0B CNY (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhejiang Wansheng Co Ltd (603010)?
The price-to-sales ratio of Zhejiang Wansheng Co Ltd is 1.78 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Wansheng Co Ltd (603010)?
Earnings per share at Zhejiang Wansheng Co Ltd are ¥−1.68. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Wansheng Co Ltd (603010)?
The dividend yield of Zhejiang Wansheng Co Ltd is 0.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhejiang Wansheng Co Ltd (603010)?
The net margin of Zhejiang Wansheng Co Ltd is −28.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Wansheng Co Ltd (603010)?
The return on equity (ROE) of Zhejiang Wansheng Co Ltd is −27.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Wansheng Co Ltd (603010)?
On an EBIT basis the return on assets of Zhejiang Wansheng Co Ltd is 8.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Wansheng Co Ltd (603010)?
The operating margin of Zhejiang Wansheng Co Ltd is 5.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Wansheng Co Ltd (603010)?
Revenue at Zhejiang Wansheng Co Ltd is growing +26.4% versus a year earlier (3y avg −1.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Zhejiang Wansheng Co Ltd (603010) generate?
The free cash flow of Zhejiang Wansheng Co Ltd is −192M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Zhejiang Wansheng Co Ltd (603010) carry?
The net debt of Zhejiang Wansheng Co Ltd is 1.1B CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch Zhejiang Wansheng Co Ltd in the live analysis

One click puts Zhejiang Wansheng Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.