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Zhejiang Jiaao Enprotech Stock Co (603822) Fair Value & Analysis

Basic Materials · CN · Market cap 6.0B CNY

ZJ Zhejiang Jiaao Enprotech Stock Co 603822 · SHG
Price¥59.25
Fair Value¥6.94
Upside-88.3%
Quality45/100
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Expensive Growth
Thin margins · 0.7% net margin
High debt · negative free cash flow
0.15% dividend yield
Trails peers (5/13)
Narrow moat 37/100
Evidence: Medium Range ¥5.20 – ¥8.67 Share as image

Fair value as of: Jul 11, 2026

From 16 valuation models · updated 30 days ago

Fair value updated Jul 11, 2026, revised from ¥14.70 to ¥6.94 (−52.8%) since Jun 24, 2026. Share price −5.0% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥8.67). The favourable scenario is already priced in.
  • Solid but not exceptional quality (45/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥122.00 ¥15.11 Fair Value ¥6.94 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 ¥15.11 – ¥122.00 · fair‑value band ¥5.20 – ¥8.67 · the ¥59.25 price screens above the ¥6.94 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Zhejiang Jiaao Enprotech Stock Co (603822) currently trades at ¥59.25, while our model-based Fair Value estimate is ¥6.94, implying the stock looks roughly 88.3% overvalued today. The Quality Score stands at 45/100 (below-average quality), in the Basic Materials 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: medium).

Over the trailing twelve months, Zhejiang Jiaao Enprotech Stock Co generated revenue of 4.9B CNY at a net margin of 0.7%. Revenue grew 18.1% year over year. It earns a return on equity of 20.1%. Net debt stands at 2.9B CNY. Fundamentals as of Jul 11, 2026

Our scenario range runs from ¥5.20 (bear case) to ¥8.67 (bull case); at ¥59.25, 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 52% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -88%, 603822 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 ¥4.10 ¥4.41 ¥4.90 76
ROIC Compounder ¥53.38 ¥89.70 ¥123.14 72
Gordon GGM ¥22.22 ¥44.28 ¥67.05 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥2.77 ¥19.35 ¥27.16 54
Lynch FV ¥8.13 ¥11.61 ¥15.10 50
PEG = 1.0 ¥8.13 ¥11.61 ¥15.10 46
EPV ¥35.65 ¥44.23 ¥51.63 59
Dividend Discount
Gordon GGM ¥22.22 ¥44.28 ¥67.05 70
DDM Multi-Stage ¥22.22 ¥38.27 ¥46.74 61
Multiples
P/E Multiple ¥5.20 ¥6.94 ¥8.67 63
P/S Multiple ¥5.20 ¥6.94 ¥8.67 58
P/B Multiple ¥5.20 ¥6.94 ¥8.67 55
EV/EBIT ¥51.05 ¥74.29 ¥97.54 53
EV/EBITDA ¥62.13 ¥89.07 ¥116.01 54
EV/Revenue ¥41.75 ¥67.65 ¥93.56 43
Asset-Based
NCAV (Graham) ¥2.45 ¥3.28 ¥4.90 50
Economic Profit
Residual Income ¥4.10 ¥4.41 ¥4.90 76
ROIC Compounder ¥53.38 ¥89.70 ¥123.14 72
Growth Earnings
Growth-Adj P/E ¥9.39 ¥13.41 ¥17.44 68

Widest divergence: Dividend Discount (¥38.27) versus Asset-Based (¥3.28). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.9B CNY
Revenue growth (YoY) +18.1%
Net margin 0.7%
Return on equity 20.1%
Free cash flow −473M CNY FY2025
P/E ratio 176.8
More key figures
Operating margin -1.7%
EPS (TTM) ¥0.4400
Dividend yield 0.2%
EPS growth (YoY) -3.3%
Net debt 2.9B CNY FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 42 · Market factors (momentum, volatility) 36

Profitability 28
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 15
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 32
Distance to the 52-week high (market factor)
Net Issuance 78
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 Jiaao Enprotech Stock Co., Ltd, together with its subsidiaries, engages in the research, development, production, and sale of environmentally friendly plasticizers and stabilizers in China and internationally. The company also offers biodiesel and additives.

Full company description

Zhejiang Jiaao Enprotech Stock Co., Ltd, together with its subsidiaries, engages in the research, development, production, and sale of environmentally friendly plasticizers and stabilizers in China and internationally. The company also offers biodiesel and additives. Its products are used in cables, artificial leather, flocking, light box membranes, plastic films and decking, and outdoor water pipes; and general PVC products, toys and medical PVC products, cable and electrical applications, synthetic rubber and other resins, food and medical packaging, furniture and decorations, and other applications. The company also engages in trading and port operation activities. Zhejiang Jiaao Enprotech Stock Co., Ltd was founded in 2003 and is based in Jiaxing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Jiaao Enprotech Stock Co reported revenue of ¥4.8B in FY2025 versus ¥1.9B in FY2021, a compound +26.0%/yr. Reported net income was ¥31.3M in FY2025, compounding −25.6%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
4.8B CNY
Latest YoY
+279.3%
Avg. growth/yr (3Y)
+14.6%
Avg. growth/yr (5Y)
+31.5%
Avg. growth/yr (14Y)
+15.8%
Revenue +26.0%/yr
FY21 ¥1.9B
FY22 ¥3.2B
FY23 ¥2.7B
FY24 ¥1.3B
FY25 ¥4.8B
Net income −25.6%/yr
FY21 ¥102M
FY22 −¥32.4M
FY23 −¥7.5M
FY24 −¥367M
FY25 ¥31.3M

603822 screens 88% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Zhejiang Jiaao Enprotech Stock Co Fair Value". https://www.fairvalue-calculator.com/stock/603822

Peer Group

Specialty Chemicals · 676 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 45 · Below median
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 4.96× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 176.8× · Pricier than 75% of peers
P/B 15.88× · Pricier than 75% of peers
P/S (TTM) 1.22× · Cheaper than median
EV/EBITDA 8.4× · 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 0 · sector 0
FUTURE 91 · sector 19
PAST 81 · sector 23
HEALTH 0 · sector 95
DIVIDEND 3 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Zhejiang Jiaao Enprotech Stock Co (603822) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of ¥6.94 versus a price of ¥59.25, about −88% (overvalued).
What is the fair value of 603822?
Our model-based fair value for Zhejiang Jiaao Enprotech Stock Co is ¥6.94 (as of Jul 11, 2026), built from audited fundamentals. The current price is ¥59.25.
What is the quality score of 603822?
Zhejiang Jiaao Enprotech Stock Co has a Quality Score of 45/100. 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 Jiaao Enprotech Stock Co (603822)?
Zhejiang Jiaao Enprotech Stock Co reported trailing-twelve-month revenue of about 4.9B CNY (latest available figure, as of Jul 11, 2026).
What is the net profit margin of 603822?
The net profit margin of Zhejiang Jiaao Enprotech Stock Co is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Jiaao Enprotech Stock Co pay a dividend?
Zhejiang Jiaao Enprotech Stock Co currently shows a dividend yield of about 0.15% relative to its recent price (as of Jul 11, 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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