HMT(Xiamen)New Technical (603306) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of HMT(Xiamen)New Technical ¥11.03, price ¥71.36, upside -84.5%, quality 44 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
60‑month range ¥15.53 – ¥118.39 · fair‑value band ¥8.28 – ¥16.64 · the ¥71.36 price screens above the ¥11.03 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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HMT (Xiamen) New Technical Materials Co., Ltd. researches, develops, produces, and sells fabrics in China and internationally. It offers automotive safety airbag fabrics, airbags/OPWs, seat belts, bulletproof fabrics, mesh clothes and other industrial fabrics.
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HMT (Xiamen) New Technical Materials Co., Ltd. researches, develops, produces, and sells fabrics in China and internationally. It offers automotive safety airbag fabrics, airbags/OPWs, seat belts, bulletproof fabrics, mesh clothes and other industrial fabrics. The company was formerly known as Huamao (Xiamen) Technical Textile Co., Ltd and changed its name to HMT (Xiamen) New Technical Materials Co., Ltd in 2010. HMT (Xiamen) New Technical Materials Co., Ltd was founded in 2002 and is based in Xiamen, China.
Stock analysis
HMT(Xiamen)New Technical (603306) currently trades at ¥71.36, while our model-based Fair Value estimate is ¥11.03, 84.5% 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 ¥15.36 per share, and 0 of the 24 models we run sit above the ¥71.36 price.
Bear case: the Growth DCF group reads lowest at ¥1.55, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥8.28 (bear) to ¥16.64 (bull), the price of ¥71.36 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 44/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
HMT(Xiamen)New Technical reported revenue of 2.5B CNY in FY2025 versus 1.2B CNY in FY2021, a compound +20.0%/yr. Reported net income was 218M CNY in FY2025, compounding +5.4%/yr from FY2021.
Key figures
Market cap 25.7B CNY (≈ $3.8B) · P/E ratio 203.9 · P/S ratio 17.7 · EPS (TTM) ¥0.3500 · Dividend yield 0.1% · Net margin 8.7% · Return on equity 3.9% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 40% below its 52-week high and 57% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at −85%, 603306 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥1.51 to ¥25.01). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥8.28Fair Value ¥11.03Bull ¥16.64
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 (¥0.2042 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
+13.1%
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.
+15.2%
Revenue growth 5 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.
+21.4%
Start year 2020 (pandemic). Over 10 years: +14.0% a year
Revenue growth 14 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.
+17.1%
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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.
+0.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.2%
Dividend (yield on the price)0.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.0.2% vs 0.3%, steady
Profit margin 2020 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% → 11%
Compare HMT(Xiamen)New Technical 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.Textile Manufacturing · 333 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−84.5% · Bottom 25%
Profitability
Return on equity (TTM)3.9% · Below median
Return on assets1.5% · Below median
Net margin (TTM)5.8% · Above median
Operating margin (TTM)2.0% · Below median
Growth and dividend
Revenue growth−4.6% · Below median
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
P/E (TTM)203.9× · Priciest 25%
P/B7.49× · Priciest 25%
P/S (TTM)10.37× · Priciest 25%
EV/EBITDA78.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 10
FUTURE (revenue growth)0· sector 32
PAST (return on equity)15· sector 17
HEALTH (low debt)76· sector 95
DIVIDEND (yield)2· sector 36
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). "HMT(Xiamen)New Technical Fair Value". https://www.fairvalue-calculator.com/stock/603306
Frequently asked questions
Is HMT(Xiamen)New Technical (603306) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥11.03 versus a price of ¥71.36, about −85% upside (overvalued).
What is the fair value of 603306?
Our model-based fair value for HMT(Xiamen)New Technical is ¥11.03 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥71.36.
What is the quality score of 603306?
HMT(Xiamen)New Technical has a Quality Score of 44/100. 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 HMT(Xiamen)New Technical (603306)?
Our model-based price target is the fair value of ¥11.03 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario ¥8.28, optimistic scenario ¥16.64. It is a calculation from audited fundamentals, not an analyst target.
What is the HMT(Xiamen)New Technical stock forecast for 2026?
Our models put fair value at ¥11.03, about −85% upside versus a price of ¥71.36 (overvalued). Cautious scenario ¥8.28, optimistic scenario ¥16.64. The calculation is refreshed regularly with new filings.
What is the revenue of HMT(Xiamen)New Technical (603306)?
HMT(Xiamen)New Technical reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Sep 24, 2026).
Does HMT(Xiamen)New Technical pay a dividend?
HMT(Xiamen)New Technical currently shows a dividend yield of about 0.11% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of HMT(Xiamen)New Technical (603306)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HMT(Xiamen)New Technical it is ¥11.03 per share (as of Sep 24, 2026), against a price of ¥71.36. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is HMT(Xiamen)New Technical stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 603306 trades above its calculated fair value: price ¥71.36, fair value ¥11.03, a gap of about −85% (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 603306?
No. The price is what the market pays today (¥71.36); the fair value is what the company's own numbers justify (¥11.03). For HMT(Xiamen)New Technical the two are ¥60.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is HMT(Xiamen)New Technical worth?
The market values HMT(Xiamen)New Technical at about 25.7B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥71.36; our models calculate a fair value of ¥11.03 per share.
What do the bullish and bearish scenarios say about 603306?
Our models span a range for HMT(Xiamen)New Technical: cautious scenario ¥8.28, base ¥11.03, optimistic ¥16.64 per share (as of Sep 24, 2026, price ¥71.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603306?
HMT(Xiamen)New Technical trades at a price-to-earnings ratio of 203.9 (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 ¥11.03 is built from several models across several years. Other multiples: P/B 7.5, P/S 10.4, EV/EBITDA 78.7.
How solid is the balance sheet of HMT(Xiamen)New Technical (603306)?
Balance-sheet figures for HMT(Xiamen)New Technical (as of Sep 24, 2026): return on equity 3.9%, debt of 0.48 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 603306 from its 52-week high?
HMT(Xiamen)New Technical trades at ¥71.36, about 40% below its 52-week high of ¥118.39 and 57% above the low of ¥45.55 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.03 is for.
Which stocks are comparable to HMT(Xiamen)New Technical?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, 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 HMT(Xiamen)New Technical stock attractive at the current price?
The data as of Sep 24, 2026: price ¥71.36, calculated fair value ¥11.03 (−85%), Quality Score 44/100, from 24 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 603306 calculated?
We run HMT(Xiamen)New Technical through 24 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 ¥11.03, 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. HMT(Xiamen)New Technical 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 HMT(Xiamen)New Technical (603306)?
The closing price on Sep 30, 2026 was ¥71.36. Our model-based fair value is ¥11.03, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HMT(Xiamen)New Technical right now?
The price sits above even our optimistic bull case (¥16.64). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥8.28 to ¥16.64) leaves room in how you read the outcome.
Where does the earnings growth of HMT(Xiamen)New Technical (603306) come from?
Earnings per share at HMT(Xiamen)New Technical grew +3.6 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.7 %, EBIT margin −7.2 %, tax rate −0.2 %, residual (interest, one-offs) +0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of HMT(Xiamen)New Technical
How large is the market capitalisation of HMT(Xiamen)New Technical (603306)?
The market capitalisation of HMT(Xiamen)New Technical is 25.7B 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 HMT(Xiamen)New Technical (603306)?
The price-to-sales ratio of HMT(Xiamen)New Technical is 17.7 (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 HMT(Xiamen)New Technical (603306)?
Earnings per share at HMT(Xiamen)New Technical are ¥0.3500 (price ÷ EPS = P/E 203.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of HMT(Xiamen)New Technical (603306)?
The dividend yield of HMT(Xiamen)New Technical is 0.1% (payout 22.9%). 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 HMT(Xiamen)New Technical (603306)?
The net margin of HMT(Xiamen)New Technical is 8.7% (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 HMT(Xiamen)New Technical (603306)?
The return on equity (ROE) of HMT(Xiamen)New Technical is 3.9% (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 HMT(Xiamen)New Technical (603306)?
On an EBIT basis the return on assets of HMT(Xiamen)New Technical is 5.7% (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 HMT(Xiamen)New Technical (603306)?
The operating margin of HMT(Xiamen)New Technical is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HMT(Xiamen)New Technical (603306)?
Revenue at HMT(Xiamen)New Technical is growing −4.6% versus a year earlier (3y avg +15.2%). 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 HMT(Xiamen)New Technical (603306)?
Earnings per share at HMT(Xiamen)New Technical are growing −87.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HMT(Xiamen)New Technical (603306) generate?
The free cash flow of HMT(Xiamen)New Technical is 1.1M 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 HMT(Xiamen)New Technical (603306) carry?
The net debt of HMT(Xiamen)New Technical is 761M 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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