Jiangxi Jiangnan New Material (603124) fair value: what the stock is really worth
We calculate from audited financials what Jiangxi Jiangnan New Material is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Below-average quality, and trading another 404% above our fair value of ¥25.56.
As of Sep 3, 2026, the fair value of Jiangxi Jiangnan New Material is ¥25.56 per share against a price of ¥128.81, so the fair value sits 80% below the price. A model estimate from reported figures, not an analyst target.
!Expensive Growth (revenue 5y +23.5 %/yr)
!Thin margins · 2.3% net margin
!Low debt · negative free cash flow
!Trails peers (5/13)
!Narrow moat 32/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: MediumRange ¥19.17 to ¥31.95
Fair value as of: Sep 3, 2026
From 17 valuation models · updated 7 days ago
Share price −8.7% over the past month.
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What matters now
The price sits above even our optimistic bull case (¥31.95). The favourable scenario is already priced in.
Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (18 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
18‑month range ¥10.43 – ¥211.31 · fair‑value band ¥19.17 – ¥31.95 · the ¥128.81 price screens above the ¥25.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Jiangxi Jiangnan New Material (603124) currently trades at ¥128.81, while our model-based Fair Value estimate is ¥25.56, implying the stock looks roughly 404.0% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥38.10 per share, and 0 of the 17 models we run sit above the ¥128.81 price. Bear case: the Dividend Discount group reads lowest at ¥8.07, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Jiangxi Jiangnan New Material generated revenue of 11.2B CNY at a net margin of 2.3%. Revenue grew 39.7% year over year. It earns a return on equity of 14.3%. Net debt stands at 173M CNY. Fundamentals as of Sep 3, 2026
Scenario range: ¥19.17 (bear) to ¥31.95 (bull), the price of ¥128.81 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 34% below its 52-week high and 180% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −80%, 603124 screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥1.22 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥8.07 to ¥71.30). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘ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
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Key figures & financial health
P/E ratio71.6
P/S ratio1.52P/E × margin
EPS (TTM)¥1.80price ÷ EPS = P/E 71.6
Dividend yield0.0%payout 2.6%
Net margin2.1%FY2025
Return on equity14.3%TTM
More key figures
Profitability
Return on assets (EBIT)7.4%avg 5y
Operating margin3.6%TTM
Growth
Revenue (TTM)11.2B CNYTTM
Revenue growth (YoY)+39.7%3y avg +18.4%
EPS growth (YoY)+63.6%
Balance sheet & cash flow
Free cash flow−1.0B CNYFY2025
Net debt173M CNYFY2024
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality31/100
Of which business quality 34
· Market factors (momentum, volatility) 45
Profitability45
Margins and returns on capital today
Quality Growth46
Are margins and returns improving?
Cashflow0
Earnings quality: real cash, not paper profit
Fin. Strength74
Balance sheet, leverage, solvency risk
Investment33
Disciplined investing over empire-building
Low Volatility0
Calm price path (market factor)
Momentum60
Price trend over the last 3–12 months (market factor)
52W Momentum71
Distance to the 52-week high (market factor)
Net Issuance0
Buybacks instead of dilution
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Jiangxi Jiangnan New Material Technology Co., Ltd. engages in the research, development, production, and sale of copper-based new materials worldwide. It offers copper ball series, copper oxide powder series, Anode Phosphor Bronze Series, and high-precision copper-based heat sink series.
Full company description
Jiangxi Jiangnan New Material Technology Co., Ltd. engages in the research, development, production, and sale of copper-based new materials worldwide. It offers copper ball series, copper oxide powder series, Anode Phosphor Bronze Series, and high-precision copper-based heat sink series. The company serves communications, computers, consumer electronics, automotive electronics, industrial control and medical, aerospace, new energy, and organosilicon. The company was founded in 2007 and is based in Yingtan City, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jiangxi Jiangnan New Material reported revenue of 10.3B CNY in FY2025 versus 6.3B CNY in FY2021, a compound +13.2%/yr. Reported net income was 219M CNY in FY2025, compounding +10.4%/yr from FY2021.
Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
10.3B CNY
Latest YoY
+18.7%
Avg. revenue growth/yr (3Y) ⓘ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.
+18.4%
Avg. revenue growth/yr (5Y) ⓘ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.
+23.5%
Avg. revenue growth/yr (6Y) ⓘ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.
+22.9%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+13.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+13.7%
Dividend yield0.0%
Operating margin (EBIT) ⓘ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.2.6% (2020) → 3.2% (2025) · steady
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.
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.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 100
PAST57· sector 34
HEALTH98· sector 92
DIVIDEND1· sector 21
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.
None of the checked exposures detected
Similar stocks
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Is Jiangxi Jiangnan New Material (603124) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of ¥25.56 versus a price of ¥128.81, about −80% upside (overvalued).
What is the fair value of 603124?
Our model-based fair value for Jiangxi Jiangnan New Material is ¥25.56 (as of Sep 3, 2026), built from audited fundamentals. The current price: ¥128.81.
What is the quality score of 603124?
Jiangxi Jiangnan New Material has a Quality Score of 31/100. 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 Jiangxi Jiangnan New Material (603124)?
Our model-based price target is the fair value of ¥25.56 (as of Sep 3, 2026) from 17 valuation models. Cautious scenario ¥19.17, optimistic scenario ¥31.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Jiangxi Jiangnan New Material stock forecast for 2026?
Our models put fair value at ¥25.56, about −80% upside versus a price of ¥128.81 (overvalued). Cautious scenario ¥19.17, optimistic scenario ¥31.95. The calculation is refreshed regularly with new filings.
What is the revenue of Jiangxi Jiangnan New Material (603124)?
Jiangxi Jiangnan New Material reported trailing-twelve-month revenue of about 11.2B CNY (latest available figure, as of Sep 3, 2026).
What is the net profit margin of 603124?
The net profit margin of Jiangxi Jiangnan New Material is about 2.3%, meaning it keeps roughly 2.3% of revenue as net income. Based on the latest reported figures.
Does Jiangxi Jiangnan New Material pay a dividend?
Jiangxi Jiangnan New Material currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 3, 2026).
What is the intrinsic value of Jiangxi Jiangnan New Material (603124)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jiangxi Jiangnan New Material it is ¥25.56 per share (as of Sep 3, 2026), against a price of ¥128.81. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Jiangxi Jiangnan New Material stock overvalued or undervalued in 2026?
As of Sep 3, 2026, 603124 trades above its calculated fair value: price ¥128.81, fair value ¥25.56, a gap of about −80% (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 603124?
No. The price is what the market pays today (¥128.81); the fair value is what the company's own numbers justify (¥25.56). For Jiangxi Jiangnan New Material the two are ¥103.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jiangxi Jiangnan New Material worth?
The market values Jiangxi Jiangnan New Material at about 20.6B CNY (market capitalisation, as of Sep 3, 2026). Per share that is ¥128.81; our models calculate a fair value of ¥25.56 per share.
What do the bullish and bearish scenarios say about 603124?
Our models span a range for Jiangxi Jiangnan New Material: cautious scenario ¥19.17, base ¥25.56, optimistic ¥31.95 per share (as of Sep 3, 2026, price ¥128.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603124?
Jiangxi Jiangnan New Material trades at a price-to-earnings ratio of 71.6 (as of Sep 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥25.56 is built from several models across several years. Other multiples: P/B 11.2, P/S 1.8, EV/EBITDA 50.0.
How solid is the balance sheet of Jiangxi Jiangnan New Material (603124)?
Balance-sheet figures for Jiangxi Jiangnan New Material (as of Sep 3, 2026): return on equity 14.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is 603124 from its 52-week high?
Jiangxi Jiangnan New Material trades at ¥128.81, about 34% below its 52-week high of ¥196.30 and 180% above the low of ¥46.03 (as of Sep 3, 2026). Distance from the high says nothing about value: that is what the fair value of ¥25.56 is for.
Which stocks are comparable to Jiangxi Jiangnan New Material?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, 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 Jiangxi Jiangnan New Material stock attractive at the current price?
The data as of Sep 3, 2026: price ¥128.81, calculated fair value ¥25.56 (−80%), Quality Score 31/100, from 17 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 603124 calculated?
We run Jiangxi Jiangnan New Material through 17 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 ¥25.56, with the spread shown as a cautious and an optimistic scenario.
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