Jiangsu Wujin Stainless Steel Pipe Group (603878) Fair Value & Analysis
Basic Materials · CN · Market cap 3.5B CNY
Fair value as of: Jul 11, 2026
From 25 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from ¥2.36 to ¥3.40 (+43.9%) since Jun 24, 2026. Share price +1.4% over the past month.
A solid business, but screening 31% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥4.26). The favourable scenario is already priced in.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 ¥3.37 – ¥12.25 · fair‑value band ¥2.55 – ¥4.26 · the ¥4.94 price screens above the ¥3.40 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Jiangsu Wujin Stainless Steel Pipe Group (603878) currently trades at ¥4.94, while our model-based Fair Value estimate is ¥3.40, implying the stock looks roughly 31.3% overvalued today. The Quality Score stands at 60/100 (solid 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: high).
Over the trailing twelve months, Jiangsu Wujin Stainless Steel Pipe Group generated revenue of 2.2B CNY at a net margin of 1.5%. Revenue declined 36.2% year over year. It earns a return on equity of 1.2%. Net debt stands at 293M CNY. Fundamentals as of Jul 11, 2026
Our scenario range runs from ¥2.55 (bear case) to ¥4.26 (bull case); at ¥4.94, 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 60% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -7% fair-value upside, at -31%, 603878 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.
All 25 models by family
Widest divergence: DCF Models (¥5.08) versus Dividend Discount (¥1.16). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 20
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
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. researches, develops, manufactures, and sells industrial stainless steel pipes and fittings in China and internationally. The company's product portfolio includes stainless steel seamless pipes, industrial stainless steel welded pipes, and steel pipe fittings and flanges.
Full company description
Jiangsu Wujin Stainless Steel Pipe Group CO.,LTD. researches, develops, manufactures, and sells industrial stainless steel pipes and fittings in China and internationally. The company's product portfolio includes stainless steel seamless pipes, industrial stainless steel welded pipes, and steel pipe fittings and flanges. Its products are primarily used in petroleum, chemical, natural gas, electric power equipment manufacturing, and mechanical equipment manufacturing industries. The company was founded in 1970 and is based in Changzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jiangsu Wujin Stainless Steel Pipe Group reported revenue of ¥2.3B in FY2025 versus ¥2.7B in FY2021, a compound −3.8%/yr. Reported net income was ¥78.1M in FY2025, compounding −18.4%/yr from FY2021.
603878 screens 31% overvalued. Compare with Tata Steel Limited →
Peer Group
Steel · 378 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.
Valuation Multiples vs Steel median · lower = cheaper
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: 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.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Steel stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Tata Steel Limited TTST | $0.2010 | $0.2000 | -0% |
| JSW Steel Limited JSWSTEEL | ₹1,227 | ₹1,140 | -7% |
| Baoshan Iron & Steel Co 600019 | ¥5.89 | ¥8.07 | +37% |
| China Steel Corporation 2002A | 38.55 TWD | 8.74 TWD | -77% |
| POSCO Holdings 005490 | 313,500 KRW | 155,270 KRW | -50% |
| Companhia Siderúrgica Nacional, SID | 13,670 ARS | 15,940 ARS | +17% |
| Jindal Steel Limited JINDALSTEL | ₹1,028 | ₹545.12 | -47% |
| Lloyds Metals and Energy Limited LLOYDSME | ₹1,844 | ₹1,098 | -40% |
| Gerdau S.A GGBN | 83.50 MXN | 42.64 MXN | -49% |
| Ternium S.A TXR | 17,780 ARS | 27,210 ARS | +53% |
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Frequently asked questions
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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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