ZX PACKING ORD A (SHH) EQSW Exp: (603091) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of ZX PACKING ORD A (SHH) EQSW Exp: ¥18.55, price ¥47.75, upside -61.2%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
24‑month range ¥25.82 – ¥60.46 · fair‑value band ¥13.66 – ¥25.44 · the ¥47.75 price screens above the ¥18.55 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. engages in the research, development, manufacture, and sale of paper and paperboard container in China and internationally. The company offers food packaging products, such as bowls, cups, plates, trays, clamshells, cutlery, and takeaway boxes.
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Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. engages in the research, development, manufacture, and sale of paper and paperboard container in China and internationally. The company offers food packaging products, such as bowls, cups, plates, trays, clamshells, cutlery, and takeaway boxes. It also provides cushioning trays for mobile phones, headphones, and smartwatches; inner trays for cosmetic gift boxes; customized cushioning structures for health products; and integrated shockproof and moisture-proof packaging for tobacco and alcohol. The company was founded in 2016 and is headquartered in Jinhua, China.
Stock analysis
ZX PACKING ORD A (SHH) EQSW Exp: (603091) currently trades at ¥47.75, while our model-based Fair Value estimate is ¥18.55, implying the stock looks roughly 157.4% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥31.62 per share, and 0 of the 16 models we run sit above the ¥47.75 price.
Bear case: the Dividend Discount group reads lowest at ¥10.14, and 16 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥13.66 (bear) to ¥25.44 (bull), the price of ¥47.75 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 41/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ZX PACKING ORD A (SHH) EQSW Exp: reported revenue of 1.5B CNY in FY2025 versus 910M CNY in FY2021, a compound +13.4%/yr. Reported net income was 266M CNY in FY2025, compounding +27.9%/yr from FY2021.
Key figures
Market cap 7.1B CNY (≈ $1.1B) · P/E ratio 17.0 · P/S ratio 3.00 · EPS (TTM) ¥2.81 · Dividend yield 1.4% · Net margin 17.7% · Return on equity 13.1% · Return on assets (EBIT) 16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 25% fair-value upside, at −61%, 603091 screens richer than that median.
Fair Value models
Bear ¥13.66Fair Value ¥18.55Bull ¥25.44
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (¥0.9685 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.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.
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.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.6%
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.
+4.6%
’21
’22
’23
’24
’25
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.
+16.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.7%
Dividend (yield on the price)1.4%
Profit margin 2021 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.17% → 22%
Compare ZX PACKING ORD A (SHH) EQSW Exp: with another stock
Price, fair value, quality and upside side by side.
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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.Paper & Paper Products · 119 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−61% · Bottom 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)19% · Top 25%
Operating margin (TTM)25% · Top 25%
Growth and dividend
Revenue growth12% · Top 25%
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.08× · Below median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (TTM)17.0× · Cheaper than median
P/B3.26× · Priciest 25%
P/S (TTM)4.61× · Priciest 25%
EV/EBITDA15.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 20
FUTURE (revenue growth)62· sector 7
PAST (return on equity)52· sector 14
HEALTH (low debt)96· sector 91
DIVIDEND (yield)29· sector 47
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.
Cite: Fair Value Calculator (2026). "ZX PACKING ORD A (SHH) EQSW Exp: Fair Value". https://www.fairvalue-calculator.com/stock/603091
Frequently asked questions
Is ZX PACKING ORD A (SHH) EQSW Exp: (603091) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥18.55 versus a price of ¥47.75, about −61% upside (overvalued).
What is the fair value of 603091?
Our model-based fair value for ZX PACKING ORD A (SHH) EQSW Exp: is ¥18.55 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥47.75.
What is the quality score of 603091?
ZX PACKING ORD A (SHH) EQSW Exp: has a Quality Score of 41/100. 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Our model-based price target is the fair value of ¥18.55 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario ¥13.66, optimistic scenario ¥25.44. It is a calculation from audited fundamentals, not an analyst target.
What is the ZX PACKING ORD A (SHH) EQSW Exp: stock forecast for 2026?
Our models put fair value at ¥18.55, about −61% upside versus a price of ¥47.75 (overvalued). Cautious scenario ¥13.66, optimistic scenario ¥25.44. The calculation is refreshed regularly with new filings.
What is the revenue of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
ZX PACKING ORD A (SHH) EQSW Exp: reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Sep 23, 2026).
Does ZX PACKING ORD A (SHH) EQSW Exp: pay a dividend?
ZX PACKING ORD A (SHH) EQSW Exp: currently shows a dividend yield of about 1.44% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ZX PACKING ORD A (SHH) EQSW Exp: it is ¥18.55 per share (as of Sep 23, 2026), against a price of ¥47.75. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is ZX PACKING ORD A (SHH) EQSW Exp: stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 603091 trades above its calculated fair value: price ¥47.75, fair value ¥18.55, a gap of about −61% (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 603091?
No. The price is what the market pays today (¥47.75); the fair value is what the company's own numbers justify (¥18.55). For ZX PACKING ORD A (SHH) EQSW Exp: the two are ¥29.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is ZX PACKING ORD A (SHH) EQSW Exp: worth?
The market values ZX PACKING ORD A (SHH) EQSW Exp: at about 7.1B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥47.75; our models calculate a fair value of ¥18.55 per share.
What do the bullish and bearish scenarios say about 603091?
Our models span a range for ZX PACKING ORD A (SHH) EQSW Exp:: cautious scenario ¥13.66, base ¥18.55, optimistic ¥25.44 per share (as of Sep 23, 2026, price ¥47.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603091?
ZX PACKING ORD A (SHH) EQSW Exp: trades at a price-to-earnings ratio of 17.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥18.55 is built from several models across several years. Other multiples: P/B 3.3, P/S 4.6, EV/EBITDA 15.9.
How solid is the balance sheet of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Balance-sheet figures for ZX PACKING ORD A (SHH) EQSW Exp: (as of Sep 23, 2026): return on equity 13.1%, debt of 0.08 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 603091 from its 52-week high?
ZX PACKING ORD A (SHH) EQSW Exp: trades at ¥47.75, about 21% below its 52-week high of ¥60.46 and 10% above the low of ¥43.44 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥18.55 is for.
Which stocks are comparable to ZX PACKING ORD A (SHH) EQSW Exp:?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, PT Indah Kiat Pulp & Paper Tbk, 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 ZX PACKING ORD A (SHH) EQSW Exp: stock attractive at the current price?
The data as of Sep 23, 2026: price ¥47.75, calculated fair value ¥18.55 (−61%), Quality Score 41/100, from 16 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 603091 calculated?
We run ZX PACKING ORD A (SHH) EQSW Exp: through 16 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 ¥18.55, 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 14.1 % above its aggregate fair value. ZX PACKING ORD A (SHH) EQSW Exp: 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The closing price on Sep 23, 2026 was ¥47.75. Our model-based fair value is ¥18.55, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ZX PACKING ORD A (SHH) EQSW Exp: right now?
The price sits above even our optimistic bull case (¥25.44). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥13.66 to ¥25.44) leaves room in how you read the outcome.
Key figures of ZX PACKING ORD A (SHH) EQSW Exp:
How large is the market capitalisation of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The market capitalisation of ZX PACKING ORD A (SHH) EQSW Exp: is 7.1B 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The price-to-sales ratio of ZX PACKING ORD A (SHH) EQSW Exp: is 3.00 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Earnings per share at ZX PACKING ORD A (SHH) EQSW Exp: are ¥2.81 (price ÷ EPS = P/E 17.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The dividend yield of ZX PACKING ORD A (SHH) EQSW Exp: is 1.4% (payout 24.4%). 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The net margin of ZX PACKING ORD A (SHH) EQSW Exp: is 17.7% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The return on equity (ROE) of ZX PACKING ORD A (SHH) EQSW Exp: is 13.1% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
On an EBIT basis the return on assets of ZX PACKING ORD A (SHH) EQSW Exp: is 16.5% (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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
The operating margin of ZX PACKING ORD A (SHH) EQSW Exp: is 25.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Revenue at ZX PACKING ORD A (SHH) EQSW Exp: is growing +12.3% versus a year earlier (3y avg +4.6%). 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091)?
Earnings per share at ZX PACKING ORD A (SHH) EQSW Exp: are growing +29.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ZX PACKING ORD A (SHH) EQSW Exp: (603091) generate?
The free cash flow of ZX PACKING ORD A (SHH) EQSW Exp: is −138M 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 ZX PACKING ORD A (SHH) EQSW Exp: (603091) carry?
The net debt of ZX PACKING ORD A (SHH) EQSW Exp: is 23.0M 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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