Shanghai Yongguan Adhesive Products Corp Ltd (603681) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shanghai Yongguan Adhesive Products Corp Ltd ¥8.87, price ¥19.86, upside -55.3%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Shanghai Yongguan Adhesive Products Corp Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥9.85 – ¥39.77 · fair‑value band ¥8.01 – ¥11.08 · the ¥19.86 price screens above the ¥8.87 fair value. Dashed = 300-day average. As of Sep 23, 2026.
Follow Shanghai Yongguan Adhesive Products Corp in your weekly email
Every Wednesday you see whether Shanghai Yongguan Adhesive Products Corp is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Shanghai Yongguan Adhesive Products Corp., Ltd. researches, develops, produces, and sells adhesive products in China and internationally.
Show more
Shanghai Yongguan Adhesive Products Corp., Ltd. researches, develops, produces, and sells adhesive products in China and internationally. It also offers cloth duct, masking, BOPP, PVC, double sided, wire harness, aluminum foil, kraft paper, anti-slip, fiberglass and fiberglass mesh, warning, all weather, butyl, cellophane, stationery tapes; and pre-taped masking, tape lint roller, and adhesive tape dispenser. The company offers stretch films, BOPP film adhesive tape, and laminating film. In addition, it provides hot melt adhesive for tape and label, as well as self-adhesive shipping, barcode, and logistics labels. Further, the company offers floor graphics, cold lamination film, and self-adhesive vinyl for cars. It serves electrical, surface protection, logistics OPP tape, building, construction, and paint sectors. Shanghai Yongguan Adhesive Products Corp., Ltd. was founded in 2002 and is based in Shanghai, China.
Stock analysis
Shanghai Yongguan Adhesive Products Corp Ltd (603681) currently trades at ¥19.86, while our model-based Fair Value estimate is ¥8.87, implying the stock looks roughly 123.9% overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥12.76 per share, and 2 of the 16 models we run sit above the ¥19.86 price.
Bear case: the Dividend Discount group reads lowest at ¥4.93, and 14 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: ¥8.01 (bear) to ¥11.08 (bull), the price of ¥19.86 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 53/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shanghai Yongguan Adhesive Products Corp Ltd reported revenue of 6.7B CNY in FY2025 versus 3.8B CNY in FY2021, a compound +14.9%/yr. Reported net income was 124M CNY in FY2025, compounding −13.9%/yr from FY2021.
Key figures
Market cap 4.4B CNY (≈ $652M) · P/E ratio 28.8 · P/S ratio 0.53 · EPS (TTM) ¥0.6900 · Dividend yield 0.5% · Net margin 1.9% · Return on equity 4.9% · Return on assets (EBIT) 3.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 23% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −48% fair-value upside, at −55%, 603681 screens richer than that median.
Fair Value models
Bear ¥8.01Fair Value ¥8.87Bull ¥11.08
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 (¥0.4316 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.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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+7.8%
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.
+10.0%
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.
+22.6%
Start year 2020 (pandemic). Over 10 years: +25.3% a year
Revenue growth 13 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.
+22.5%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−8.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.2%
Dividend (yield on the price)0.5%
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.−9% vs 0%, slowing
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.8% → 3%
Compare Shanghai Yongguan Adhesive Products Corp Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Specialty Chemicals · 706 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Above median
Fair Value upside−55% · Below median
Profitability
Return on equity (TTM)5% · Below median
Return on assets1% · Below median
Net margin (TTM)2% · Below median
Operating margin (TTM)5% · Below median
Growth and dividend
Revenue growth4% · Below median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (TTM)28.8× · Pricier than median
P/B1.66× · Cheaper than median
P/S (TTM)0.65× · Cheaper than median
EV/EBITDA12.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)19· sector 21
PAST (return on equity)20· sector 23
HEALTH (low debt)75· sector 95
DIVIDEND (yield)10· sector 29
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.
Is Shanghai Yongguan Adhesive Products Corp Ltd (603681) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of ¥8.87 versus a price of ¥19.86, about −55% upside (overvalued).
What is the fair value of 603681?
Our model-based fair value for Shanghai Yongguan Adhesive Products Corp Ltd is ¥8.87 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥19.86.
What is the quality score of 603681?
Shanghai Yongguan Adhesive Products Corp Ltd has a Quality Score of 53/100. 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Our model-based price target is the fair value of ¥8.87 (as of Sep 23, 2026) from 16 valuation models. Cautious scenario ¥8.01, optimistic scenario ¥11.08. It is a calculation from audited fundamentals, not an analyst target.
What is the Shanghai Yongguan Adhesive Products Corp Ltd stock forecast for 2026?
Our models put fair value at ¥8.87, about −55% upside versus a price of ¥19.86 (overvalued). Cautious scenario ¥8.01, optimistic scenario ¥11.08. The calculation is refreshed regularly with new filings.
What is the revenue of Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Shanghai Yongguan Adhesive Products Corp Ltd reported trailing-twelve-month revenue of about 6.7B CNY (latest available figure, as of Sep 23, 2026).
Does Shanghai Yongguan Adhesive Products Corp Ltd pay a dividend?
Shanghai Yongguan Adhesive Products Corp Ltd currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shanghai Yongguan Adhesive Products Corp Ltd it is ¥8.87 per share (as of Sep 23, 2026), against a price of ¥19.86. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Shanghai Yongguan Adhesive Products Corp Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 603681 trades above its calculated fair value: price ¥19.86, fair value ¥8.87, a gap of about −55% (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 603681?
No. The price is what the market pays today (¥19.86); the fair value is what the company's own numbers justify (¥8.87). For Shanghai Yongguan Adhesive Products Corp Ltd the two are ¥10.99 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shanghai Yongguan Adhesive Products Corp Ltd worth?
The market values Shanghai Yongguan Adhesive Products Corp Ltd at about 4.4B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥19.86; our models calculate a fair value of ¥8.87 per share.
What do the bullish and bearish scenarios say about 603681?
Our models span a range for Shanghai Yongguan Adhesive Products Corp Ltd: cautious scenario ¥8.01, base ¥8.87, optimistic ¥11.08 per share (as of Sep 23, 2026, price ¥19.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603681?
Shanghai Yongguan Adhesive Products Corp Ltd trades at a price-to-earnings ratio of 28.8 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.87 is built from several models across several years. Other multiples: P/B 1.7, P/S 0.6, EV/EBITDA 12.7.
How solid is the balance sheet of Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Balance-sheet figures for Shanghai Yongguan Adhesive Products Corp Ltd (as of Sep 23, 2026): return on equity 4.9%, debt of 0.51 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 603681 from its 52-week high?
Shanghai Yongguan Adhesive Products Corp Ltd trades at ¥19.86, about 27% below its 52-week high of ¥27.39 and 23% above the low of ¥16.21 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.87 is for.
Which stocks are comparable to Shanghai Yongguan Adhesive Products Corp Ltd?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, 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 Shanghai Yongguan Adhesive Products Corp Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price ¥19.86, calculated fair value ¥8.87 (−55%), Quality Score 53/100, from 16 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 603681 calculated?
We run Shanghai Yongguan Adhesive Products Corp Ltd through 16 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 ¥8.87, 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 14.1 % above its aggregate fair value. Shanghai Yongguan Adhesive Products Corp Ltd 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The closing price on Sep 23, 2026 was ¥19.86. Our model-based fair value is ¥8.87, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shanghai Yongguan Adhesive Products Corp Ltd right now?
The price sits above even our optimistic bull case (¥11.08). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Shanghai Yongguan Adhesive Products Corp Ltd (603681) come from?
Earnings per share at Shanghai Yongguan Adhesive Products Corp Ltd grew +3.3 % a year from 2013 to 2024. Broken into its drivers: revenue per share +16.3 %, EBIT margin −11.3 %, tax rate +1.4 %, residual (interest, one-offs) −1.2 %. 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 Shanghai Yongguan Adhesive Products Corp Ltd
How large is the market capitalisation of Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The market capitalisation of Shanghai Yongguan Adhesive Products Corp Ltd is 4.4B CNY (≈ $652M). 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The price-to-sales ratio of Shanghai Yongguan Adhesive Products Corp Ltd is 0.53 (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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Earnings per share at Shanghai Yongguan Adhesive Products Corp Ltd are ¥0.6900 (price ÷ EPS = P/E 28.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The dividend yield of Shanghai Yongguan Adhesive Products Corp Ltd is 0.5% (payout 14.5%). 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The net margin of Shanghai Yongguan Adhesive Products Corp Ltd is 1.9% (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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The return on equity (ROE) of Shanghai Yongguan Adhesive Products Corp Ltd is 4.9% (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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
On an EBIT basis the return on assets of Shanghai Yongguan Adhesive Products Corp Ltd is 3.2% (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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
The operating margin of Shanghai Yongguan Adhesive Products Corp Ltd is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Revenue at Shanghai Yongguan Adhesive Products Corp Ltd is growing +3.8% versus a year earlier (3y avg +10.0%). 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681)?
Earnings per share at Shanghai Yongguan Adhesive Products Corp Ltd are growing +114% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shanghai Yongguan Adhesive Products Corp Ltd (603681) generate?
The free cash flow of Shanghai Yongguan Adhesive Products Corp Ltd is −129M 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 Shanghai Yongguan Adhesive Products Corp Ltd (603681) carry?
The net debt of Shanghai Yongguan Adhesive Products Corp Ltd is 1.8B 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.
Free · no account needed
Watch Shanghai Yongguan Adhesive Products Corp Ltd in the live analysis
One click puts Shanghai Yongguan Adhesive Products Corp Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
