Zhejiang Rongtai Electric Material Co.,Ltd. (603119) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Zhejiang Rongtai Electric Material Co.,Ltd. ¥8.87, price ¥52.60, upside -83.1%, quality 51 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 24, 2026.
How to read this chart
38‑month range ¥9.82 – ¥93.53 · fair‑value band ¥4.85 – ¥11.17 · the ¥52.60 price screens above the ¥8.87 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Zhejiang Rongtai Electric Material Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of composite materials made of high temperature resistant insulating mica in China and internationally.
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Zhejiang Rongtai Electric Material Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of composite materials made of high temperature resistant insulating mica in China and internationally. The company offers mica tapes, plates, tubes, heating elements, laminates and washers, insulators, rolls, and papers, as well as epoxy glass laminates and mica for thermal-protection products; one-stop system solutions for electrical and thermal insulation; and after-sales support services. Its products are used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances, and other related industrial fields. The company also engages in scientific research and technical services activities. It exports its products. Zhejiang Rongtai Electric Material Co.,Ltd. was founded in 1998 and is based in Jiaxing, China.
Stock analysis
Zhejiang Rongtai Electric Material Co.,Ltd. (603119) currently trades at ¥52.60, while our model-based Fair Value estimate is ¥8.87, 83.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥17.77 per share, and 0 of the 26 models we run sit above the ¥52.60 price.
Bear case: the Dividend Discount group reads lowest at ¥2.45, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥4.85 (bear) to ¥11.17 (bull), the price of ¥52.60 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 51/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Zhejiang Rongtai Electric Material Co.,Ltd. reported revenue of 1.4B CNY in FY2025 versus 667M CNY in FY2022, a compound +27.3%/yr. Reported net income was 278M CNY in FY2025, compounding +27.7%/yr from FY2022.
Key figures
Market cap 25.8B CNY (≈ $3.8B) · P/E ratio 84.8 · P/S ratio 17.2 · EPS (TTM) ¥0.6200 · Dividend yield 0.3% · Net margin 20.2% · Return on equity 14.5% · Return on assets (EBIT) 12.0%.
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 44% below its 52-week high and 23% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −83%, 603119 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥2.45 to ¥27.92). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥4.85Fair Value ¥8.87Bull ¥11.17
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 (¥0.3350 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+21.2%
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.
+27.3%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+27.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+27.0%
Dividend (yield on the price)0.3%
Profit margin 2022 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.25% → 23%
2025 sits 62% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+78.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+41.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +75.8% a year for the price and +39.3% for the forecasts.
Compare Zhejiang Rongtai Electric Material Co.,Ltd. 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.Electronic Components · 633 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside−83.1% · Bottom 25%
Profitability
Return on equity (TTM)14.5% · Top 25%
Return on assets7.0% · Top 25%
Net margin (TTM)19.6% · Top 25%
Operating margin (TTM)25.0% · Top 25%
Growth and dividend
Revenue growth41.3% · Top 25%
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)84.8× · Priciest 25%
P/B12.21× · Priciest 25%
P/S (TTM)16.74× · Priciest 25%
EV/EBITDA66.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 62
PAST (return on equity)58· sector 28
HEALTH (low debt)99· sector 95
DIVIDEND (yield)7· sector 25
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). "Zhejiang Rongtai Electric Material Co.,Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/603119
Frequently asked questions
Is Zhejiang Rongtai Electric Material Co.,Ltd. (603119) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥8.87 versus a price of ¥52.60, about −83% upside (overvalued).
What is the fair value of 603119?
Our model-based fair value for Zhejiang Rongtai Electric Material Co.,Ltd. is ¥8.87 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥52.60.
What is the quality score of 603119?
Zhejiang Rongtai Electric Material Co.,Ltd. has a Quality Score of 51/100. 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 Rongtai Electric Material Co.,Ltd. (603119)?
Our model-based price target is the fair value of ¥8.87 (as of Sep 24, 2026) from 26 valuation models. Cautious scenario ¥4.85, optimistic scenario ¥11.17. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Rongtai Electric Material Co.,Ltd. stock forecast for 2026?
Our models put fair value at ¥8.87, about −83% upside versus a price of ¥52.60 (overvalued). Cautious scenario ¥4.85, optimistic scenario ¥11.17. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Zhejiang Rongtai Electric Material Co.,Ltd. reported trailing-twelve-month revenue of about 1.5B CNY (latest available figure, as of Sep 24, 2026).
Does Zhejiang Rongtai Electric Material Co.,Ltd. pay a dividend?
Zhejiang Rongtai Electric Material Co.,Ltd. currently shows a dividend yield of about 0.34% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
For today's price to be fair in a discounted-cash-flow model, Zhejiang Rongtai Electric Material Co.,Ltd. would have to grow free cash flow by +78.8 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +27.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 603119 use?
Our models discount Zhejiang Rongtai Electric Material Co.,Ltd. at 10.4 %: a base by market capitalisation (mid), damped by beta 0.98, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zhejiang Rongtai Electric Material Co.,Ltd. that is +78.8 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has Zhejiang Rongtai Electric Material Co.,Ltd. (603119) delivered so far?
Over the past 3 years revenue at Zhejiang Rongtai Electric Material Co.,Ltd. grew +27.3 % a year. The price currently implies +78.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zhejiang Rongtai Electric Material Co.,Ltd. (603119) growing?
The median revenue growth in the sector is +15.2 % a year. That is the yardstick for the growth priced into Zhejiang Rongtai Electric Material Co.,Ltd. (+78.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
The free-cash-flow yield on the price is 0.22 %: that much free cash flow Zhejiang Rongtai Electric Material Co.,Ltd. produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Rongtai Electric Material Co.,Ltd. it is ¥8.87 per share (as of Sep 24, 2026), against a price of ¥52.60. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Rongtai Electric Material Co.,Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 603119 trades above its calculated fair value: price ¥52.60, fair value ¥8.87, 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 603119?
No. The price is what the market pays today (¥52.60); the fair value is what the company's own numbers justify (¥8.87). For Zhejiang Rongtai Electric Material Co.,Ltd. the two are ¥43.73 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Rongtai Electric Material Co.,Ltd. worth?
The market values Zhejiang Rongtai Electric Material Co.,Ltd. at about 25.8B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥52.60; our models calculate a fair value of ¥8.87 per share.
What do the bullish and bearish scenarios say about 603119?
Our models span a range for Zhejiang Rongtai Electric Material Co.,Ltd.: cautious scenario ¥4.85, base ¥8.87, optimistic ¥11.17 per share (as of Sep 24, 2026, price ¥52.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603119?
Zhejiang Rongtai Electric Material Co.,Ltd. trades at a price-to-earnings ratio of 84.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.87 is built from several models across several years. Other multiples: P/B 12.2, P/S 16.7, EV/EBITDA 66.4.
How solid is the balance sheet of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Balance-sheet figures for Zhejiang Rongtai Electric Material Co.,Ltd. (as of Sep 24, 2026): return on equity 14.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 603119 from its 52-week high?
Zhejiang Rongtai Electric Material Co.,Ltd. trades at ¥52.60, about 44% below its 52-week high of ¥93.53 and 23% above the low of ¥42.60 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.87 is for.
Which stocks are comparable to Zhejiang Rongtai Electric Material Co.,Ltd.?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry 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 Zhejiang Rongtai Electric Material Co.,Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price ¥52.60, calculated fair value ¥8.87 (−83%), Quality Score 51/100, from 26 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 603119 calculated?
We run Zhejiang Rongtai Electric Material Co.,Ltd. through 26 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 ¥8.87, 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 Rongtai Electric Material 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 Rongtai Electric Material Co.,Ltd. (603119)?
The closing price on Sep 30, 2026 was ¥52.60. Our model-based fair value is ¥8.87, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Rongtai Electric Material Co.,Ltd. right now?
The price sits above even our optimistic bull case (¥11.17). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥4.85 to ¥11.17) leaves room in how you read the outcome.
Key figures of Zhejiang Rongtai Electric Material Co.,Ltd.
How large is the market capitalisation of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
The market capitalisation of Zhejiang Rongtai Electric Material Co.,Ltd. is 25.8B CNY (≈ $3.8B). 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 Rongtai Electric Material Co.,Ltd. (603119)?
The price-to-sales ratio of Zhejiang Rongtai Electric Material Co.,Ltd. is 17.2 (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 Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Earnings per share at Zhejiang Rongtai Electric Material Co.,Ltd. are ¥0.6200 (price ÷ EPS = P/E 84.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
The dividend yield of Zhejiang Rongtai Electric Material Co.,Ltd. is 0.3% (payout 28.5%). 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 Rongtai Electric Material Co.,Ltd. (603119)?
The net margin of Zhejiang Rongtai Electric Material Co.,Ltd. is 20.2% (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 Rongtai Electric Material Co.,Ltd. (603119)?
The return on equity (ROE) of Zhejiang Rongtai Electric Material Co.,Ltd. is 14.5% (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 Rongtai Electric Material Co.,Ltd. (603119)?
On an EBIT basis the return on assets of Zhejiang Rongtai Electric Material Co.,Ltd. is 12.0% (avg 4y). 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 Rongtai Electric Material Co.,Ltd. (603119)?
The operating margin of Zhejiang Rongtai Electric Material Co.,Ltd. is 25.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Revenue at Zhejiang Rongtai Electric Material Co.,Ltd. is growing +41.3% versus a year earlier (3y avg +27.3%). 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 Zhejiang Rongtai Electric Material Co.,Ltd. (603119)?
Earnings per share at Zhejiang Rongtai Electric Material Co.,Ltd. are growing +24.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Zhejiang Rongtai Electric Material Co.,Ltd. (603119) carry?
The net debt of Zhejiang Rongtai Electric Material Co.,Ltd. is 60.4M CNY (fiscal year 2025, ≈ 1.5 yrs of FCF). 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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