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Zhejiang Jasan Holding (603558) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 4.1B CNY

ZJ Zhejiang Jasan Holding 603558 · SHG
Price¥12.61
Fair Value¥22.16
Upside+75.7%
Quality76/100
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Healthy Growth
Solidly profitable · 14.6% net margin
Low debt · generates free cash flow
4.72% dividend yield
Ranks above peers (10/14)
Moderate moat 60/100
Evidence: High Range ¥16.24 – ¥29.70 Share as image

Fair value as of: Jul 24, 2026

From 26 valuation models · updated 17 days ago

Share price +7.2% over the past month.

A strong business, screening 76% undervalued on our models.

What matters now

  • The rarer combination: high quality (76/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (¥16.24). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (¥16.24 to ¥29.70) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥15.40 ¥7.40 Fair Value ¥22.16 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥7.40 – ¥15.40 · fair‑value band ¥16.24 – ¥29.70 · the ¥12.61 price screens below the ¥22.16 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Zhejiang Jasan Holding (603558) currently trades at ¥12.61, while our model-based Fair Value estimate is ¥22.16, implying the stock looks roughly 75.7% undervalued today. The Quality Score stands at 76/100 (high quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Zhejiang Jasan Holding generated revenue of 2.5B CNY at a net margin of 14.6%. Revenue grew 2.8% year over year. It earns a return on equity of 15.3%. Net debt stands at 519M CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥16.24 (bear case) to ¥29.70 (bull case); at ¥12.61, the current price sits below 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 19% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 76%, 603558 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 ¥13.83 ¥23.29 ¥38.75 80
Residual Income ¥7.43 ¥9.42 ¥23.55 76
Rev-Margin DCF ¥9.47 ¥14.88 ¥22.01 74
All 26 models by family
DCF Models
FCF DCF ¥14.01 ¥24.61 ¥42.73 38
Owner Earnings ¥13.32 ¥23.36 ¥40.51 31
5Y Revenue Exit ¥9.47 ¥14.93 ¥22.21 39
5Y EBITDA Exit ¥16.27 ¥29.16 ¥45.56 41
5Y P/E Exit ¥17.35 ¥31.42 ¥47.78 38
10Y Revenue Exit ¥10.71 ¥16.41 ¥24.95 36
10Y EBITDA Exit ¥15.36 ¥26.69 ¥44.34 37
10Y P/E Exit ¥16.06 ¥28.32 ¥46.18 35
Earnings-Based
Graham-Dodd ¥8.04 ¥39.29 ¥54.14 54
Lynch FV ¥10.55 ¥15.07 ¥19.59 50
PEG = 1.0 ¥10.55 ¥15.07 ¥19.59 46
EPV ¥11.89 ¥13.62 ¥15.11 59
Dividend Discount
Gordon GGM ¥5.55 ¥11.07 ¥16.76 70
DDM Multi-Stage ¥5.55 ¥9.56 ¥11.68 61
Multiples
P/E Multiple ¥19.50 ¥26.00 ¥32.50 63
P/S Multiple ¥6.80 ¥9.07 ¥11.33 58
P/B Multiple ¥15.07 ¥20.09 ¥25.11 55
EV/EBIT ¥20.42 ¥26.91 ¥33.40 53
EV/EBITDA ¥18.70 ¥24.62 ¥30.54 54
EV/Revenue ¥7.29 ¥10.01 ¥12.73 43
Asset-Based
NCAV (Graham) ¥3.42 ¥4.59 ¥6.85 50
Growth DCF
Growth DCF ¥13.83 ¥23.29 ¥38.75 80
Rev-Margin DCF ¥9.47 ¥14.88 ¥22.01 74
Economic Profit
Residual Income ¥7.43 ¥9.42 ¥23.55 76
ROIC Compounder ¥13.41 ¥17.64 ¥23.09 72
Growth Earnings
Growth-Adj P/E ¥16.73 ¥23.90 ¥31.07 68

Widest divergence: DCF Models (¥24.61) versus Asset-Based (¥4.59). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.5B CNY
Revenue growth (YoY) +2.8%
Net margin 14.6%
Return on equity 15.3%
Free cash flow 359M CNY FY2025
P/E ratio 9.8
More key figures
Operating margin 19.8%
EPS (TTM) ¥1.23
Dividend yield 4.7%
EPS growth (YoY) +64.7%
Net debt 519M CNY FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 76/100

Of which business quality 73 · Market factors (momentum, volatility) 63

Profitability 56
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 100
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

Zhejiang Jasan Holding Group Co., Ltd. engages in the manufacture and sale of knitted sportswear worldwide. It offers cotton socks and seamless apparel. The company was incorporated in 1993 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Jasan Holding reported revenue of ¥2.6B in FY2025 versus ¥2.1B in FY2021, a compound +6.0%/yr. Reported net income was ¥405M in FY2025, compounding +24.7%/yr from FY2021.

Growth Quality 92/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.6B CNY
Latest YoY
+0.6%
Avg. growth/yr (3Y)
+3.2%
Avg. growth/yr (5Y)
+10.3%
Avg. growth/yr (14Y)
+14.3%
Revenue +6.0%/yr
FY21 ¥2.1B
FY22 ¥2.4B
FY23 ¥2.3B
FY24 ¥2.6B
FY25 ¥2.6B
Net income +24.7%/yr
FY21 ¥167M
FY22 ¥262M
FY23 ¥270M
FY24 ¥325M
FY25 ¥405M

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Cite: Fair Value Calculator (2026). "Zhejiang Jasan Holding Fair Value". https://www.fairvalue-calculator.com/stock/603558

Peer Group

Apparel Manufacturing · 212 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 76 · Top 25%
Fair Value upside +76% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 4.7% · Above median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than 75% of peers
P/B 1.75× · Pricier than median
P/S (TTM) 1.62× · Pricier than median
P/FCF 1.7× · Pricier than median
EV/EBITDA 6.9× · 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 100 · sector 33
FUTURE 14 · sector 4
PAST 61 · sector 21
HEALTH 97 · sector 98
DIVIDEND 94 · sector 49

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 Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Moncler S.p.A MONC €52.08 €50.69 -3%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Zhejiang Jasan Holding (603558) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥22.16 versus a price of ¥12.61, about +76% (undervalued).
What is the fair value of 603558?
Our model-based fair value for Zhejiang Jasan Holding is ¥22.16 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥12.61.
What is the quality score of 603558?
Zhejiang Jasan Holding has a Quality Score of 76/100. 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 Zhejiang Jasan Holding (603558)?
Zhejiang Jasan Holding reported trailing-twelve-month revenue of about 2.5B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 603558?
The net profit margin of Zhejiang Jasan Holding is about 14.6%, meaning it keeps roughly 14.6% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Jasan Holding pay a dividend?
Zhejiang Jasan Holding currently shows a dividend yield of about 4.72% relative to its recent price (as of Jul 24, 2026).

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.

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