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Data-driven stock valuation

Anhui Linping Circular Development Co (603284) fair value: what the stock is really worth

We calculate from audited financials what Anhui Linping Circular Development Co 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.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Basic Materials · CN · Market cap 3.1B CNY (≈ $470M)

At a glance

AL Anhui Linping Circular Development Co 603284 · SHG
Price¥41.70
Fair Value¥34.46
Upside−17.4%
Quality47/100

Below-average quality, and trading another 21% above our fair value of ¥34.46.

As of Sep 10, 2026, the fair value of Anhui Linping Circular Development Co is ¥34.46 per share against a price of ¥41.70, so the fair value sits 17% below the price. A model estimate from reported figures, not an analyst target.

!Weak Growth (revenue YoY −11.2 %/yr)
!Thin margins · 6.6% net margin
!Low debt · negative free cash flow
·1.49% dividend yield
!Mixed vs. peers (6/13)
!Narrow moat 34/100
!Evidence only medium, so the estimate is less certain
!Weak on valuation: 10 out of 100
Evidence: Medium Range ¥25.84 to ¥43.07

Fair value as of: Sep 10, 2026

From 14 valuation models · updated today

Share price +3.2% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (7 months)

¥57.96 ¥35.58 Fair Value ¥34.46 Feb 2026 Sep 2026

White line = price, green steps = our fair value per fiscal year. As of Sep 10, 2026.

How to read this chart

7‑month range ¥35.58 – ¥57.96 · fair‑value band ¥25.84 – ¥43.07 · the ¥41.70 price screens above the ¥34.46 fair value. As of Sep 10, 2026.

Full chart & analysis →

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Analysis

Anhui Linping Circular Development Co (603284) currently trades at ¥41.70, while our model-based Fair Value estimate is ¥34.46, implying the stock looks roughly 21.0% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of ¥34.46 per share, and 1 of the 14 models we run sit above the ¥41.70 price. Bear case: the Asset-Based group reads lowest at ¥11.85, and 13 of the 14 models stay below the price. Evidence for this calculation is medium.

The stock trades on a trailing P/E of 12.5. Fundamentals as of Sep 10, 2026

Scenario range: ¥25.84 (bear) to ¥43.07 (bull), the price of ¥41.70 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 44% 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 10% fair-value upside, at −17%, 603284 screens richer than that median.

Fair Value models

Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (¥2.72 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 →

Model 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
Highest evidence
EPV best evidence ¥21.11 ¥24.05 ¥26.58 71
EV/EBITDA ¥33.22 ¥43.46 ¥53.70 67
EV/EBIT ¥29.70 ¥38.77 ¥47.84 66
All 14 models by family
Earnings-Based
Graham-Dodd ¥13.78 ¥16.85 ¥18.95 61
EPV best evidence ¥21.11 ¥24.05 ¥26.58 71
Dividend Discount
Gordon GGM ¥2.12 ¥2.31 ¥2.59 63
DDM Multi-Stage ¥2.12 ¥2.62 ¥3.30 61
Multiples
P/E Multiple ¥25.84 ¥34.46 ¥43.07 63
P/S Multiple ¥25.84 ¥34.46 ¥43.07 58
P/B Multiple ¥25.84 ¥34.46 ¥43.07 55
EV/EBIT ¥29.70 ¥38.77 ¥47.84 66
EV/EBITDA ¥33.22 ¥43.46 ¥53.70 67
EV/Revenue ¥26.08 ¥36.18 ¥46.28 54
Asset-Based
NCAV (Graham) ¥8.84 ¥11.85 ¥17.69 54
Economic Profit
Residual Income ¥15.86 ¥18.24 ¥34.98 66
ROIC Compounder ¥21.11 ¥24.69 ¥28.45 66
Growth Earnings
Growth-Adj P/E ¥18.41 ¥26.30 ¥34.19 61

Widest divergence: Multiples (¥34.46) versus Dividend Discount (¥2.31). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 12.5
P/S ratio 0.77 P/E × margin
EPS (TTM) ¥3.34 price ÷ EPS = P/E 12.5
Dividend yield 1.5% payout 18.6%
Net margin 6.2% FY2024
Return on assets (EBIT) 10.3% avg 3y
More key figures
Profitability
Operating margin 7.0% TTM
Growth
Revenue (TTM) 3.2B CNY TTM
Revenue growth (YoY) +63.6%
EPS growth (YoY) +30.7%
Balance sheet & cash flow
Free cash flow −41.6M CNY FY2024

Figures from reported company fundamentals · as of Sep 10, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 27

Profitability 48
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 80
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

Anhui Linping Circular Development Co., Ltd. engages in the research, development, production, and sales of corrugated paper and linerboard products for packaging.

Full company description

Anhui Linping Circular Development Co., Ltd. engages in the research, development, production, and sales of corrugated paper and linerboard products for packaging. The company's main products include corrugated paper and linerboard for use in packaging of consumer and industrial products such as home appliances, electronics, food, beverages, and express logistics. Its products are widely used in logistics, transportation, and industrial and consumer goods packaging. The company was founded in 2000 and is based in Suzhou, China.

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

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

Anhui Linping Circular Development Co reported revenue of 2.5B CNY in FY2024 versus 2.9B CNY in FY2022, a compound −7.1%/yr. Reported net income was 153M CNY in FY2024, compounding −0.5%/yr from FY2022.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2024)
2.5B CNY
Latest YoY
−11.2%
Value creation/yr We only publish this rate when it is defensible. Reason: only 3 usable fiscal years, at least 4 required
not computed
Revenue −7.1%/yr
FY22 2.9B CNY
FY23 2.8B CNY
FY24 2.5B CNY
Net income −0.5%/yr
FY22 154M CNY
FY23 212M CNY
FY24 153M CNY

603284 screens 21% overvalued. Compare with UPM-Kymmene Oyj →

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Cite: Fair Value Calculator (2026). "Anhui Linping Circular Development Co Fair Value". https://www.fairvalue-calculator.com/stock/603284

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE10 · sector 21
FUTURE100 · sector 5
PAST0 · sector 14
HEALTH96 · sector 92
DIVIDEND30 · sector 44

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

10 more Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Sep 10, 2026).

Stock Price Fair Value vs Fair Value
UPM-Kymmene Oyj UPM €24.31 €14.21 −42%
Suzano S.A SUZ $9.17 $24.05 +162%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAA kr 112.50 kr 45.12 −60%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 323.00 kr 217.72 −33%
Nine Dragons Paper (Holdings) Limited 2689 HK$7.92 HK$8.74 +10%
PT Indah Kiat Pulp & Paper Tbk INKP 9,075 IDR 17,941 IDR +98%
Empresas CMPC S.A CMPC 1,030 CLP 1,281 CLP +24%
The Navigator Company NVG €3.24 €2.65 −18%
Xianhe Co 603733 ¥21.11 ¥21.06 +0%

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Frequently asked questions

Is Anhui Linping Circular Development Co (603284) overvalued or undervalued?
As of Sep 10, 2026, our model estimates a fair value of ¥34.46 versus a price of ¥41.70, about −17% upside (overvalued).
What is the fair value of 603284?
Our model-based fair value for Anhui Linping Circular Development Co is ¥34.46 (as of Sep 10, 2026), built from audited fundamentals. The current price: ¥41.70.
What is the quality score of 603284?
Anhui Linping Circular Development Co has a Quality Score of 47/100. 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 Anhui Linping Circular Development Co (603284)?
Our model-based price target is the fair value of ¥34.46 (as of Sep 10, 2026) from 14 valuation models. Cautious scenario ¥25.84, optimistic scenario ¥43.07. It is a calculation from audited fundamentals, not an analyst target.
What is the Anhui Linping Circular Development Co stock forecast for 2026?
Our models put fair value at ¥34.46, about −17% upside versus a price of ¥41.70 (overvalued). Cautious scenario ¥25.84, optimistic scenario ¥43.07. The calculation is refreshed regularly with new filings.
What is the net profit margin of 603284?
The net profit margin of Anhui Linping Circular Development Co is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Anhui Linping Circular Development Co pay a dividend?
Anhui Linping Circular Development Co currently shows a dividend yield of about 1.49% relative to its recent price (as of Sep 10, 2026).
What is the intrinsic value of Anhui Linping Circular Development Co (603284)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anhui Linping Circular Development Co it is ¥34.46 per share (as of Sep 10, 2026), against a price of ¥41.70. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Anhui Linping Circular Development Co stock overvalued or undervalued in 2026?
As of Sep 10, 2026, 603284 trades above its calculated fair value: price ¥41.70, fair value ¥34.46, a gap of about −17% (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 603284?
No. The price is what the market pays today (¥41.70); the fair value is what the company's own numbers justify (¥34.46). For Anhui Linping Circular Development Co the two are ¥7.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is Anhui Linping Circular Development Co worth?
The market values Anhui Linping Circular Development Co at about 3.1B CNY (market capitalisation, as of Sep 10, 2026). Per share that is ¥41.70; our models calculate a fair value of ¥34.46 per share.
What do the bullish and bearish scenarios say about 603284?
Our models span a range for Anhui Linping Circular Development Co: cautious scenario ¥25.84, base ¥34.46, optimistic ¥43.07 per share (as of Sep 10, 2026, price ¥41.70). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 603284 from its 52-week high?
Anhui Linping Circular Development Co trades at ¥41.70, about 44% below its 52-week high of ¥75.13 and 10% above the low of ¥37.88 (as of Sep 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥34.46 is for.
Which stocks are comparable to Anhui Linping Circular Development Co?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Svenska Cellulosa Aktiebolaget SCA (publ), Shandong Sunpaper 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 Anhui Linping Circular Development Co stock attractive at the current price?
The data as of Sep 10, 2026: price ¥41.70, calculated fair value ¥34.46 (−17%), Quality Score 47/100, from 14 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 603284 calculated?
We run Anhui Linping Circular Development Co through 14 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 ¥34.46, with the spread shown as a cautious and an optimistic scenario.
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