Zhejiang Wansheng Co (603010) Fair Value & Analysis
Basic Materials · CN · Market cap 6.4B CNY
Fair value as of: Aug 10, 2026
From 8 valuation models · updated today
Fair value updated Aug 10, 2026, revised from ¥3.88 to ¥7.76 (+100.0%) since Jul 11, 2026. Share price −28.9% over the past month.
Below-average quality, and screening another 29% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥7.76). 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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 10, 2026.
How to read this chart
60‑month range ¥8.19 – ¥28.79 · fair‑value band ¥4.90 – ¥7.76 · the ¥10.90 price screens above the ¥7.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 10, 2026.
Analysis
Zhejiang Wansheng Co (603010) currently trades at ¥10.90, while our model-based Fair Value estimate is ¥7.76, implying the stock looks roughly 28.8% overvalued today. The Quality Score stands at 43/100 (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, Zhejiang Wansheng Co generated revenue of 3.4B CNY at a net margin of -28.4%. Revenue grew 6.4% year over year. It earns a return on equity of -27.7%. Net debt stands at 1.1B CNY. Fundamentals as of Aug 10, 2026
Our scenario range runs from ¥4.90 (bear case) to ¥7.76 (bull case); at ¥10.90, 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 34% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -29%, 603010 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.
All 8 models by family
Widest divergence: Asset-Based (¥3.01) versus Dividend Discount (¥0.9300). Highest evidence: ROIC Compounder (72).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 10, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 41 · Market factors (momentum, volatility) 41
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
Zhejiang Wansheng Co., Ltd. produces and sells organic phosphorus based flame retardants, special amines, and cardanol based curing agents and diluents in China.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhejiang Wansheng Co reported revenue of ¥3.4B in FY2025 versus ¥4.1B in FY2021, a compound −4.9%/yr. Reported net income was −¥960M in FY2025.
603010 screens 29% overvalued. Compare with Linde plc →
Peer Group
Specialty Chemicals · 676 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 Specialty Chemicals 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 10, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $489.98 | $222.03 | -55% |
| Nan Ya Plastics Corporation 1303 | 181.50 TWD | 255.83 TWD | +41% |
| Wanhua Chemical Group 600309 | ¥70.04 | ¥68.03 | -3% |
| Novozymes A/S NSISB | kr 428.20 | kr 179.66 | -58% |
| Asian Paints Limited ASIANPAINT | ₹2,689 | ₹668.81 | -75% |
| Solar Industries India Limited SOLARINDS | ₹18,236 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,560 | ₹351.84 | -77% |
| PT Chandra Asri Pacific Tbk TPIA | 1,805 IDR | 2,888 IDR | +60% |
| Linde India Limited LINDEINDIA | ₹7,115 | ₹757.93 | -89% |
| Berger Paints India Limited BERGEPAINT | ₹493.70 | ₹164.29 | -67% |
Compare Zhejiang Wansheng Co with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Zhejiang Wansheng Co (603010) overvalued or undervalued?
What is the fair value of 603010?
What is the quality score of 603010?
What is the revenue of Zhejiang Wansheng Co (603010)?
What is the net profit margin of 603010?
Does Zhejiang Wansheng Co pay a dividend?
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 Zhejiang Wansheng Co 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.