Shandong Shida Shenghua Chem (603026) fair value: what the stock is really worth
As of Nov 12, 2026: fair value (intrinsic value) of Shandong Shida Shenghua Chem stock ¥8.09, price ¥46.22, that is 82.5% below the price, quality 32 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 12, 2026.
How to read this chart
60‑month range ¥26.11 – ¥332.29 · fair‑value band ¥4.34 – ¥11.48 · the ¥46.22 price screens above the ¥8.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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Shida Shinghwa Advanced Material Group Co., Ltd. engages in the production and sale of chemical raw materials and products in China.
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The company offers lithium battery electrolyte, such as electrolyte solvent, solutes, and additives; cathode material of lithium battery, including silicon anode material and cathode pre-lithiation material; and wet electronic and fine chemicals.
It also provides dimethyl carbonate series comprising electrolytes, MTBE , liquefied petroleum gas, and propylene oxide. The company was formerly known as Shinghwa Advanced Material Group Co.,ltd. and changed its name to Shida Shinghwa Advanced Material Group Co., Ltd. in May 2024.
Shida Shinghwa Advanced Material Group Co., Ltd. was founded in 2002 and is headquartered in Dongying, China.
Stock analysis
Shandong Shida Shenghua Chem (603026) currently trades at ¥46.22, while our model-based Fair Value estimate is ¥8.09, 83% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥13.11 per share, and 1 of the 15 models we run sit above the ¥46.22 price.
Bear case: the Growth Earnings group reads lowest at ¥1.09, and 14 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥4.34 (bear) to ¥11.48 (bull), the price of ¥46.22 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 32/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shandong Shida Shenghua Chem reported revenue of 6.8B CNY in FY2025 versus 7.1B CNY in FY2021, a compound −0.9%/yr. Reported net income was 15.9M CNY in FY2025, compounding −65.9%/yr from FY2021.
Key figures
Market cap 10.8B CNY (≈ $1.6B) Small · P/E ratio 16.6 · P/S ratio 1.13 · EPS (TTM) ¥2.78 · Dividend yield 0.1% · Net margin 6.6% · Return on equity 12.2% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 62% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at −83%, 603026 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.9900 to ¥58.69). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥4.34Fair Value ¥8.09Bull¥11.48
Price ¥46.22 · Downside -82.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥2.38 per share) are deliberately not added.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.Coverage ⓘCoverage = 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.
Best data coverage
Owner Earnings¥6.44¥9.57¥14.0076
Residual Income¥11.67¥12.46¥13.6076
EPV¥1.34¥1.48¥1.6074
All 15 models by family
DCF Models
Owner Earnings¥6.44¥9.57¥14.0076
Earnings-Based
Graham-Dodd¥0.4600¥1.59¥2.1464
Lynch FV¥0.7000¥0.9900¥1.2961
PEG = 1.0¥0.7000¥0.9900¥1.2957
EPV¥1.34¥1.48¥1.6074
Dividend Discount
Gordon GGM¥2.55¥4.76¥6.7567
DDM Multi-Stage¥2.55¥4.21¥5.0667
Multiples
P/E Multiple¥0.8700¥1.16¥1.4563
P/S Multiple¥0.8700¥1.16¥1.4558
P/B Multiple¥44.02¥58.69¥73.3755
EV/EBITDA¥6.03¥11.33¥16.6364
Asset-Based
NCAV (Graham)¥9.78¥13.11¥19.5654
Economic Profit
Residual Income¥11.67¥12.46¥13.6076
ROIC Compounder¥1.34¥1.48¥1.6072
Growth Earnings
Growth-Adj P/E¥0.7700¥1.09¥1.4267
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+22.7%
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.
−6.5%
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.
+8.8%
Start year 2020 (pandemic). Over 10 years: +7.0% a year
Revenue growth 15 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.
+6.0%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−46.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−46.2%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−46.2% vs −13.2%, slowing
Profit margin 2020 to 2025 ⓘ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.7% → 0%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 1.8%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Shandong Shida Shenghua Chem with another stock
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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.Chemicals · 354 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−82.5% · Bottom 25%
Profitability
Return on equity (12 months)12.2% · Above median
Return on assets0.1% · Below median
Net margin (12 months)6.6% · Above median
Operating margin (12 months)6.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)59.0% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)16.6× · Cheaper than median
P/B2.19× · Pricier than median
P/S (12 months)1.13× · Cheaper than median
EV/EBITDA7.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 9
FUTURE (revenue growth)100· sector 70
PAST (return on equity)49· sector 24
HEALTH (low debt)93· sector 94
DIVIDEND (yield)2· sector 31
VALUE 0: the price sits above our fair-value range.
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.
Is Shandong Shida Shenghua Chem (603026) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of ¥8.09 versus a price of ¥46.22, about 83% lower (overvalued).
What is the fair value of 603026?
Our model-based fair value for Shandong Shida Shenghua Chem is ¥8.09 (as of Nov 12, 2026), built from audited fundamentals. The current price: ¥46.22.
What is the quality score of 603026?
Shandong Shida Shenghua Chem has a Quality Score of 32/100. 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 Shandong Shida Shenghua Chem (603026)?
Our model-based price target is the fair value of ¥8.09 (as of Nov 12, 2026) from 15 valuation models. Cautious scenario ¥4.34, optimistic scenario ¥11.48. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Shida Shenghua Chem stock forecast for 2026?
Our models put fair value at ¥8.09, about 83% lower versus a price of ¥46.22 (overvalued). Cautious scenario ¥4.34, optimistic scenario ¥11.48. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Shida Shenghua Chem (603026)?
Shandong Shida Shenghua Chem reported trailing-twelve-month revenue of about 9.5B CNY (latest available figure, as of Nov 12, 2026).
Does Shandong Shida Shenghua Chem pay a dividend?
Shandong Shida Shenghua Chem currently shows a dividend yield of 0.09% relative to its recent price (as of Nov 12, 2026).
How much is the dividend of Shandong Shida Shenghua Chem (603026) and when is the ex-dividend date?
Shandong Shida Shenghua Chem pays a dividend of ¥0.04 per share a year, a dividend yield of 0.1%. The last ex-dividend date was May 22, 2026. The payout ratio is 1.4% of earnings. Our assessment: Token dividend. At a yield of 0.1% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.1% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Shandong Shida Shenghua Chem (603026)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Shida Shenghua Chem it is ¥8.09 per share (as of Nov 12, 2026), against a price of ¥46.22. It is the blended result of 15 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Shandong Shida Shenghua Chem stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 603026 trades above its calculated fair value: price ¥46.22, fair value ¥8.09, a gap of about −83% (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 603026?
No. The price is what the market pays today (¥46.22); the fair value is what the company's own numbers justify (¥8.09). For Shandong Shida Shenghua Chem the two are ¥38.13 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Shida Shenghua Chem worth?
The market values Shandong Shida Shenghua Chem at about 10.8B CNY (market capitalisation, as of Nov 12, 2026). Per share that is ¥46.22; our models calculate a fair value of ¥8.09 per share.
What do the bullish and bearish scenarios say about 603026?
Our models span a range for Shandong Shida Shenghua Chem: cautious scenario ¥4.34, base ¥8.09, optimistic ¥11.48 per share (as of Nov 12, 2026, price ¥46.22). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603026?
Shandong Shida Shenghua Chem trades at a price-to-earnings ratio of 16.6 (as of Nov 12, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.09 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 36.7. Other multiples: P/B 2.2, P/S 1.1, EV/EBITDA 7.4.
How solid is the balance sheet of Shandong Shida Shenghua Chem (603026)?
Balance-sheet figures for Shandong Shida Shenghua Chem (as of Nov 12, 2026): return on equity 12.2%, debt of 0.14 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 603026 from its 52-week high?
Shandong Shida Shenghua Chem trades at ¥46.22, about 62% below its 52-week high of ¥120.40 and 4% above the low of ¥44.40 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.09 is for.
Which stocks are comparable to Shandong Shida Shenghua Chem?
From the same area (Basic Materials) we also value BASF SE, Dow Inc, Ningxia Baofeng Energy Group, Rongsheng Petrochemical Co, 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 Shandong Shida Shenghua Chem stock attractive at the current price?
The data as of Nov 12, 2026: price ¥46.22, calculated fair value ¥8.09 (−83%), Quality Score 32/100, from 15 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 603026 calculated?
We run Shandong Shida Shenghua Chem through 15 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥8.09 builds on their evidence-weighted average, 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 14.3% above its aggregate fair value. Shandong Shida Shenghua Chem 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 Shandong Shida Shenghua Chem (603026)?
The closing price on Nov 12, 2026 was ¥46.22. Our model-based fair value is ¥8.09, about 83% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Shida Shenghua Chem right now?
The price sits above even our optimistic bull case (¥11.48). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥4.34 to ¥11.48). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Shandong Shida Shenghua Chem
How large is the market capitalisation of Shandong Shida Shenghua Chem (603026)?
The market capitalisation of Shandong Shida Shenghua Chem is 10.8B CNY (≈ $1.6B). 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 Shandong Shida Shenghua Chem (603026)?
The price-to-sales ratio of Shandong Shida Shenghua Chem is 1.13 (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 Shandong Shida Shenghua Chem (603026)?
Earnings per share at Shandong Shida Shenghua Chem are ¥2.78 (price ÷ EPS = P/E 16.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shandong Shida Shenghua Chem (603026)?
The dividend yield of Shandong Shida Shenghua Chem is 0.1% (payout 1.4%). 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 Shandong Shida Shenghua Chem (603026)?
The net margin of Shandong Shida Shenghua Chem is 6.6% (last twelve months). 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 Shandong Shida Shenghua Chem (603026)?
The return on equity (ROE) of Shandong Shida Shenghua Chem is 12.2% (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 Shandong Shida Shenghua Chem (603026)?
On an EBIT basis the return on assets of Shandong Shida Shenghua Chem is 9.0% (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 Shandong Shida Shenghua Chem (603026)?
The operating margin of Shandong Shida Shenghua Chem is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Shida Shenghua Chem (603026)?
Revenue at Shandong Shida Shenghua Chem is growing +59.0% versus a year earlier (3y avg −6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shandong Shida Shenghua Chem (603026)?
Earnings per share at Shandong Shida Shenghua Chem are growing +12.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shandong Shida Shenghua Chem (603026) generate?
The free cash flow of Shandong Shida Shenghua Chem is −1.5B 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 Shandong Shida Shenghua Chem (603026) carry?
The net debt of Shandong Shida Shenghua Chem is 2.3B 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.
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Thin data
Nov 12, 2026