EN DE

Hoshine Silicon Industry Co (603260) Fair Value & Analysis

Basic Materials · CN · Market cap 53.9B CNY

HS Hoshine Silicon Industry Co 603260 · SHG
Price¥35.60
Fair Value¥35.12
Upside-1.4%
Quality35/100
Watch Hoshine Silicon Industry Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Loss-making · -15.7% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Narrow moat 21/100
Evidence: High Range ¥22.44 – ¥52.18 Share as image

Fair value as of: Jul 11, 2026

From 11 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥70.31 to ¥35.12 (−50.0%) since Jun 24, 2026. Share price −14.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (¥22.44 to ¥52.18) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥239.43 ¥32.13 Fair Value ¥35.12 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range ¥32.13 – ¥239.43 · fair‑value band ¥22.44 – ¥52.18 · the ¥35.60 price screens above the ¥35.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Hoshine Silicon Industry Co (603260) currently trades at ¥35.60, while our model-based Fair Value estimate is ¥35.12, implying the stock looks roughly 1.4% fairly valued today. The Quality Score stands at 35/100 (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: high).

Over the trailing twelve months, Hoshine Silicon Industry Co generated revenue of 20.3B CNY at a net margin of -15.7%. Revenue declined 4.2% year over year. It earns a return on equity of -10.1%. Net debt stands at 19.6B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥22.44 (bear case) to ¥52.18 (bull case); at ¥35.60, the current price sits within 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 47% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -1%, 603260 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥20.59 ¥52.84 ¥102.88 80
Rev-Margin DCF ¥0.1300 ¥5.15 ¥12.02 74
Gordon GGM ¥10.07 ¥20.94 ¥33.21 70
All 11 models by family
DCF Models
FCF DCF ¥21.35 ¥51.22 ¥116.27 38
5Y Revenue Exit ¥0.1300 ¥4.81 ¥10.29 39
5Y EBITDA Exit ¥14.97 ¥37.23 ¥66.10 41
10Y Revenue Exit ¥6.62 ¥13.86 ¥23.75 36
10Y EBITDA Exit ¥16.80 ¥38.44 ¥73.21 37
Dividend Discount
Gordon GGM ¥10.07 ¥20.94 ¥33.21 70
DDM Multi-Stage ¥10.07 ¥17.65 ¥21.97 61
Multiples
EV/EBITDA ¥13.60 ¥22.12 ¥30.65 54
Asset-Based
NCAV (Graham) ¥12.37 ¥16.58 ¥24.74 50
Growth DCF
Growth DCF ¥20.59 ¥52.84 ¥102.88 80
Rev-Margin DCF ¥0.1300 ¥5.15 ¥12.02 74

Widest divergence: DCF Models (¥37.23) versus Growth DCF (¥5.15). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 20.3B CNY
Revenue growth (YoY) -4.2%
Net margin -15.7%
Return on equity -10.1%
Free cash flow 2.8B CNY FY2025
Operating margin 12.9%
More key figures
EPS (TTM) ¥-2.70
EPS growth (YoY) -70.1%
Net debt 19.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 37 · Market factors (momentum, volatility) 28

Profitability 4
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 3
Distance to the 52-week high (market factor)
Net Issuance 62
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.

About the company

Hoshine Silicon Industry Co., Ltd. engages in the production and sale of silicon-based materials in China and internationally. It offers solar panels, including N-type monocrystalline high-efficiency bifacial modules; silicon metals, silicon metal powders, and fine silicon metal powders; and graphitized carbon electrodes.

Full company description

Hoshine Silicon Industry Co., Ltd. engages in the production and sale of silicon-based materials in China and internationally. It offers solar panels, including N-type monocrystalline high-efficiency bifacial modules; silicon metals, silicon metal powders, and fine silicon metal powders; and graphitized carbon electrodes. The company also provides silicone monomers comprising methyltrichlorosilane, dimethyldichlorosilane, trimethylchlorosilane, and methyldichlorosilane; silane intermediates that include tetramethyldisiloxane, dimethylcyclosiloxane, hexamethylcyclotrisiloxane, octamethylcyclotetrasiloxane, and decamethylcyclopentasiloxane; methyl vinyl and liquid silicone rubbers; room temperature vulcanized silicone rubbers; acetic and neutral silicon sealants; silicon fluid, such as hydroxyl terminated polydimethylsiloxane linear, high boiling silicone oil, methyl hydrogen silicone fluid, polydimethylsiloxane, and vinyl terminated silicone fluid; and precipitated and fumed silica products. Its products are used in aerospace, military, electronic communications, photovoltaic new energy, health care, automobile, and other applications. The company was incorporated in 2005 and is headquartered in Cixi, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hoshine Silicon Industry Co reported revenue of ¥20.5B in FY2025 versus ¥21.4B in FY2021, a compound −1.1%/yr. Reported net income was −¥3.0B in FY2025.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
20.5B CNY
Latest YoY
−23.2%
Avg. growth/yr (3Y)
−4.7%
Avg. growth/yr (5Y)
+18.0%
Avg. growth/yr (13Y)
+19.7%
Revenue −1.1%/yr
FY21 ¥21.4B
FY22 ¥23.7B
FY23 ¥26.6B
FY24 ¥26.7B
FY25 ¥20.5B
Net income
FY21 ¥8.2B
FY22 ¥5.1B
FY23 ¥2.6B
FY24 ¥1.7B
FY25 −¥3.0B

Watch 603260: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Hoshine Silicon Industry Co Fair Value". https://www.fairvalue-calculator.com/stock/603260

Peer Group

Chemicals · 334 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.

Quality Score 35 · Bottom 25%
Fair Value upside −1% · Above median
Return on assets -0% · Below median
Net margin (TTM) -16% · Bottom 25%
Operating margin (TTM) 13% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.55× · Higher than 75% of peers

Valuation Multiples vs Chemicals median · lower = cheaper

P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.40× · Cheaper than median
P/FCF 2.8× · Pricier than median
EV/EBITDA 5.9× · Cheaper than median

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 32 · sector 0
FUTURE 0 · sector 20
PAST 0 · sector 19
HEALTH 72 · sector 94
DIVIDEND 0 · sector 27

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

Compare Hoshine Silicon Industry Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Hoshine Silicon Industry Co (603260) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥35.12 versus a price of ¥35.60, about −1% (fairly valued).
What is the fair value of 603260?
Our model-based fair value for Hoshine Silicon Industry Co is ¥35.12 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥35.60.
What is the quality score of 603260?
Hoshine Silicon Industry Co has a Quality Score of 35/100. 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 revenue of Hoshine Silicon Industry Co (603260)?
Hoshine Silicon Industry Co reported trailing-twelve-month revenue of about 20.3B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603260?
The net profit margin of Hoshine Silicon Industry Co is about -15.7%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Hoshine Silicon Industry 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.