Xianhe Co Ltd (603733) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Xianhe Co Ltd stock ¥21.06, price ¥15.86, upside +32.8%, quality 44 out of 100. Rating: undervalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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. As of Nov 7, 2026.
How to read this chart
60‑month range ¥11.80 – ¥41.83 · fair‑value band ¥15.80 – ¥26.33 · the ¥15.86 price screens below the ¥21.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Xianhe Co.,Ltd. develops and produces specialty pulps and paper products in China and internationally.
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It offers papers for tobacco industry, home decoration, business communication and anti- counterfeiting, food and medical packing, heat transfer base, label release, low quantitative publishing and printing, and electrical and industrial. The company was founded in 1997 and is based in Quzhou, China.
Xianhe Co.,Ltd. is a subsidiary of Zhejiang Xianhe Holdings Co., Ltd.
Stock analysis
Xianhe Co Ltd (603733) currently trades at ¥15.86, while our model-based Fair Value estimate is ¥21.06, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥30.75 per share, and 7 of the 16 models we run sit above the ¥15.86 price.
Bear case: the Economic Profit group reads lowest at ¥6.01, and 9 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥15.80 (bear) to ¥26.33 (bull), the price of ¥15.86 sits inside 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 Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Xianhe Co Ltd reported revenue of 12.3B CNY in FY2025 versus 6.0B CNY in FY2021, a compound +19.7%/yr. Reported net income was 1.0B CNY in FY2025, compounding −0.1%/yr from FY2021.
Key figures
Market cap 13.2B CNY (≈ $2.0B) Small · P/E ratio 13.0 · P/S ratio 1.04 · EPS (TTM) ¥1.22 · Dividend yield 4.4% · Net margin 8.5% · Return on equity 12.5% · Return on assets (EBIT) 6.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 20% fair-value upside, at 33%, 603733 screens cheaper than that median.
Fair Value models
Bear¥15.80Fair Value ¥21.06Bull¥26.33
Price ¥15.86 · Upside +32.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.4459 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.Coverage ⓘCoverage = 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
+20.1%
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.
+16.8%
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.
+20.6%
Start year 2020 (pandemic). Over 10 years: +20.5% a year
Revenue growth 12 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.
+18.5%
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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.
+10.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.2%
Dividend (yield on the price)4.4%
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.6.2% vs 13.2%, 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.17% → 11%
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.Paper & Paper Products · 116 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside+32.8% · Above median
Profitability
Return on equity (12 months)12.5% · Top 25%
Return on assets4.1% · Top 25%
Net margin (12 months)8.5% · Top 25%
Operating margin (12 months)9.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.6% · Below median
Dividend yield (12 months)4.4% · Top 25%
Balance sheet
Debt / equity1.12× · Highest 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
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). "Xianhe Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/603733
Frequently asked questions
Is Xianhe Co Ltd (603733) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥21.06 versus a price of ¥15.86, about +33% upside (undervalued).
What is the fair value of 603733?
Our model-based fair value for Xianhe Co Ltd is ¥21.06 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥15.86.
What is the quality score of 603733?
Xianhe Co Ltd 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 Xianhe Co Ltd (603733)?
Our model-based price target is the fair value of ¥21.06 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario ¥15.80, optimistic scenario ¥26.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Xianhe Co Ltd stock forecast for 2026?
Our models put fair value at ¥21.06, about +33% upside versus a price of ¥15.86 (undervalued). Cautious scenario ¥15.80, optimistic scenario ¥26.33. The calculation is refreshed regularly with new filings.
What is the revenue of Xianhe Co Ltd (603733)?
Xianhe Co Ltd reported trailing-twelve-month revenue of about 12.7B CNY (latest available figure, as of Nov 7, 2026).
Does Xianhe Co Ltd pay a dividend?
Xianhe Co Ltd currently shows a dividend yield of 4.41% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Xianhe Co Ltd (603733) and when is the ex-dividend date?
Xianhe Co Ltd pays a dividend of ¥0.7 per share a year, a dividend yield of 4.4%. The last ex-dividend date was Jul 2, 2026. The payout ratio is 57.4% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Xianhe Co Ltd (603733)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Xianhe Co Ltd it is ¥21.06 per share (as of Nov 7, 2026), against a price of ¥15.86. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Xianhe Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 603733 trades below its calculated fair value: price ¥15.86, fair value ¥21.06, a gap of about +33% (undervalued). 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 603733?
No. The price is what the market pays today (¥15.86); the fair value is what the company's own numbers justify (¥21.06). For Xianhe Co Ltd the two are ¥5.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Xianhe Co Ltd worth?
The market values Xianhe Co Ltd at about 13.2B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥15.86; our models calculate a fair value of ¥21.06 per share.
What do the bullish and bearish scenarios say about 603733?
Our models span a range for Xianhe Co Ltd: cautious scenario ¥15.80, base ¥21.06, optimistic ¥26.33 per share (as of Nov 7, 2026, price ¥15.86). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 603733?
Xianhe Co Ltd trades at a price-to-earnings ratio of 13.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥21.06 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 23.0. Other multiples: P/B 1.5, P/S 1.0, EV/EBITDA 10.1.
How solid is the balance sheet of Xianhe Co Ltd (603733)?
Balance-sheet figures for Xianhe Co Ltd (as of Nov 7, 2026): return on equity 12.5%, debt of 1.12 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 603733 from its 52-week high?
Xianhe Co Ltd trades at ¥15.86, about 46% below its 52-week high of ¥29.13 and 5% above the low of ¥15.08 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥21.06 is for.
Which stocks are comparable to Xianhe Co Ltd?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) 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 Xianhe Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥15.86, calculated fair value ¥21.06 (+33%), Quality Score 44/100, 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 603733 calculated?
We run Xianhe Co Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥21.06 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Xianhe Co Ltd currently trades 25% below its own fair value, and the market average says nothing about that. 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 Xianhe Co Ltd (603733)?
The closing price on Nov 6, 2026 was ¥15.86. Our model-based fair value is ¥21.06, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Xianhe Co Ltd right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Xianhe Co Ltd (603733) come from?
Earnings per share at Xianhe Co Ltd grew +11.4 % a year from 2013 to 2024. Broken into its drivers: revenue per share +11.5 %, EBIT margin +1.7 %, tax rate +0.3 %, residual (interest, one-offs) −2.0 %. 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 Xianhe Co Ltd
How large is the market capitalisation of Xianhe Co Ltd (603733)?
The market capitalisation of Xianhe Co Ltd is 13.2B CNY (≈ $2.0B). 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 Xianhe Co Ltd (603733)?
The price-to-sales ratio of Xianhe Co Ltd is 1.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Xianhe Co Ltd (603733)?
Earnings per share at Xianhe Co Ltd are ¥1.22 (price ÷ EPS = P/E 13.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Xianhe Co Ltd (603733)?
The dividend yield of Xianhe Co Ltd is 4.4% (payout 57.4%). 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 Xianhe Co Ltd (603733)?
The net margin of Xianhe Co Ltd is 8.5% (last twelve months). 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 Xianhe Co Ltd (603733)?
The return on equity (ROE) of Xianhe Co Ltd is 12.5% (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 Xianhe Co Ltd (603733)?
On an EBIT basis the return on assets of Xianhe Co Ltd is 6.1% (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 Xianhe Co Ltd (603733)?
The operating margin of Xianhe Co Ltd is 9.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Xianhe Co Ltd (603733)?
Revenue at Xianhe Co Ltd is growing +4.6% versus a year earlier (3y avg +16.8%). 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 Xianhe Co Ltd (603733)?
Earnings per share at Xianhe Co Ltd are growing +11.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Xianhe Co Ltd (603733) generate?
The free cash flow of Xianhe Co Ltd is −1.1B 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 Xianhe Co Ltd (603733) carry?
The net debt of Xianhe Co Ltd is 11.3B 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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Nov 7, 2026