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Zhejiang Jinghua Laser Technology Co (603607) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.9B CNY

ZJ Zhejiang Jinghua Laser Technology Co 603607 · SHG
Price¥21.81
Fair Value¥7.53
Upside-65.5%
Quality66/100
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Mixed Growth
Solidly profitable · 13.2% net margin
generates free cash flow
Mixed vs. peers (5/12)
Moderate moat 51/100
Evidence: High Range ¥5.40 – ¥8.99 Share as image

Fair value as of: Jul 11, 2026

From 26 valuation models · updated 30 days ago

Share price −7.6% over the past month.

A solid business, but screening 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.99). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥33.58 ¥9.69 Fair Value ¥7.53 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 ¥9.69 – ¥33.58 · fair‑value band ¥5.40 – ¥8.99 · the ¥21.81 price screens above the ¥7.53 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Zhejiang Jinghua Laser Technology Co (603607) currently trades at ¥21.81, while our model-based Fair Value estimate is ¥7.53, implying the stock looks roughly 65.5% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Consumer Cyclical 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, Zhejiang Jinghua Laser Technology Co generated revenue of 813M CNY at a net margin of 13.2%. Revenue declined 18.3% year over year. It earns a return on equity of 10.0%. Net debt stands at 174M CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥5.40 (bear case) to ¥8.99 (bull case); at ¥21.81, the current price sits above 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 25% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -22% fair-value upside, at -65%, 603607 screens richer 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
Residual Income ¥5.12 ¥5.65 ¥7.52 76
Growth DCF ¥7.68 ¥10.13 ¥13.39 72
Gordon GGM ¥4.39 ¥8.76 ¥13.26 70
All 26 models by family
DCF Models
FCF DCF ¥7.56 ¥10.27 ¥14.07 38
Owner Earnings ¥8.92 ¥12.25 ¥16.93 31
5Y Revenue Exit ¥6.78 ¥9.38 ¥12.61 39
5Y EBITDA Exit ¥7.02 ¥9.83 ¥12.99 41
5Y P/E Exit ¥8.04 ¥11.67 ¥15.36 38
10Y Revenue Exit ¥6.88 ¥9.26 ¥12.25 36
10Y EBITDA Exit ¥7.17 ¥9.55 ¥12.53 37
10Y P/E Exit ¥7.80 ¥10.79 ¥14.25 35
Earnings-Based
Graham-Dodd ¥4.03 ¥10.74 ¥14.04 54
Lynch FV ¥2.08 ¥2.97 ¥3.87 50
PEG = 1.0 ¥2.08 ¥2.97 ¥3.87 46
EPV ¥6.10 ¥6.80 ¥7.40 59
Dividend Discount
Gordon GGM ¥4.39 ¥8.76 ¥13.26 70
DDM Multi-Stage ¥4.39 ¥6.70 ¥9.06 61
Multiples
P/E Multiple ¥7.55 ¥10.07 ¥12.59 63
P/S Multiple ¥5.40 ¥7.20 ¥8.99 58
P/B Multiple ¥7.55 ¥10.07 ¥12.59 55
EV/EBIT ¥7.36 ¥9.25 ¥11.14 53
EV/EBITDA ¥7.39 ¥9.30 ¥11.20 54
EV/Revenue ¥6.60 ¥8.71 ¥10.82 43
Asset-Based
NCAV (Graham) ¥2.92 ¥3.91 ¥5.84 50
Growth DCF
Growth DCF ¥7.68 ¥10.13 ¥13.39 72
Rev-Margin DCF ¥6.78 ¥9.44 ¥12.39 67
Economic Profit
Residual Income ¥5.12 ¥5.65 ¥7.52 76
ROIC Compounder ¥6.15 ¥7.16 ¥8.35 67
Growth Earnings
Growth-Adj P/E ¥6.05 ¥8.65 ¥11.24 68

Widest divergence: DCF Models (¥9.83) versus Earnings-Based (¥2.97). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 813M CNY
Revenue growth (YoY) -18.3%
Net margin 13.2%
Return on equity 10.0%
Free cash flow 101M CNY FY2025
P/E ratio 36.2
More key figures
Operating margin 13.5%
EPS (TTM) ¥0.6000
EPS growth (YoY) +7.1%
Net debt 174M CNY FY2025

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 33

Profitability 40
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 19
Distance to the 52-week high (market factor)
Net Issuance 86
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 Jinghua Laser Technology Co.,Ltd develops, manufactures, and sells laser holographic molded products. It also offers platinum embossed optical products. In addition, The company provides laser holographic security paper, laser holographic anti-counterfeiting films, and anti-counterfeiting cables.

Full company description

Zhejiang Jinghua Laser Technology Co.,Ltd develops, manufactures, and sells laser holographic molded products. It also offers platinum embossed optical products. In addition, The company provides laser holographic security paper, laser holographic anti-counterfeiting films, and anti-counterfeiting cables. Zhejiang Jinghua Laser Technology Co.,Ltd was founded in 1992 and is based in Shaoxing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Jinghua Laser Technology Co reported revenue of ¥856M in FY2025 versus ¥877M in FY2021, a compound −0.6%/yr. Reported net income was ¥106M in FY2025, compounding −1.2%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
856M CNY
Latest YoY
−5.5%
Avg. growth/yr (3Y)
−0.9%
Avg. growth/yr (5Y)
+4.0%
Avg. growth/yr (12Y)
+6.7%
Revenue −0.6%/yr
FY21 ¥877M
FY22 ¥879M
FY23 ¥759M
FY24 ¥906M
FY25 ¥856M
Net income −1.2%/yr
FY21 ¥111M
FY22 ¥126M
FY23 ¥93.4M
FY24 ¥106M
FY25 ¥106M

603607 screens 65% overvalued. Compare with Stora Enso Oyj →

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Cite: Fair Value Calculator (2026). "Zhejiang Jinghua Laser Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/603607

Peer Group

Packaging & Containers · 273 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 66 · Top 25%
Fair Value upside −66% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth -18% · Bottom 25%

Valuation Multiples vs Packaging & Containers median · lower = cheaper

P/E (TTM) 36.2× · Pricier than 75% of peers
P/B 3.71× · Pricier than 75% of peers
P/S (TTM) 4.77× · Pricier than 75% of peers
P/FCF 5.7× · Pricier than median
EV/EBITDA 26.2× · Pricier than 75% of peers

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 0 · sector 9
FUTURE 0 · sector 1
PAST 40 · sector 21
HEALTH 0 · sector 92
DIVIDEND 0 · sector 42

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

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

Similar stocks

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

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Stora Enso Oyj STER kr 101.90 kr 126.39 +24%
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SCG Packaging Public Company SCGP 29.00 THB 16.12 THB -44%
AblePrint Technology Co 7734 2,850 TWD 661.69 TWD -77%
PT Fajar Surya Wisesa Tbk, FASW 5,312 IDR 1,194 IDR -78%
Taiwan Hon Chuan Enterprise Co 9939 132.50 TWD 127.06 TWD -4%
Time Technoplast Limited TIMETECHNO ₹206.82 ₹161.42 -22%
EPL Limited 500135 ₹222.25 ₹111.65 -50%
Ton Yi Industrial Corp 9907 15.15 TWD 23.17 TWD +53%
Dongwon Systems Corporation 014820 19,330 KRW 31,473 KRW +63%

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Frequently asked questions

Is Zhejiang Jinghua Laser Technology Co (603607) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥7.53 versus a price of ¥21.81, about −65% (overvalued).
What is the fair value of 603607?
Our model-based fair value for Zhejiang Jinghua Laser Technology Co is ¥7.53 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥21.81.
What is the quality score of 603607?
Zhejiang Jinghua Laser Technology Co has a Quality Score of 66/100. 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 Jinghua Laser Technology Co (603607)?
Zhejiang Jinghua Laser Technology Co reported trailing-twelve-month revenue of about 813M CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603607?
The net profit margin of Zhejiang Jinghua Laser Technology Co is about 13.2%, meaning it keeps roughly 13.2% of revenue as net income. 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.

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