Jiangsu Lidao New Material Co Ltd Class A (603937) Fair Value & Analysis
Basic Materials · CN · Market cap 2.3B CNY
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 12 valuation models · updated 12 days ago
Fair value updated Aug 13, 2026, revised from ¥1.28 to ¥2.56 (+100.0%) since Aug 11, 2026. Share price +26.6% over the past month.
A solid business, but trading 367% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥3.20). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥1.68 to ¥3.20) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥6.81 – ¥18.88 · fair‑value band ¥1.68 – ¥3.20 · the ¥11.95 price screens above the ¥2.56 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Jiangsu Lidao New Material Co Ltd Class A (603937) currently trades at ¥11.95, while our model-based Fair Value estimate is ¥2.56, implying the stock looks roughly 78.6% overvalued today. The Quality Score stands at 52/100 (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: medium).
Over the trailing twelve months, Jiangsu Lidao New Material Co Ltd Class A generated revenue of 2.0B CNY at a net margin of -1.8%. Revenue grew 28.4% year over year. It earns a return on equity of -2.3%. Net debt stands at 94.7M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥1.68 (bear case) to ¥3.20 (bull case); at ¥11.95, 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 37% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 11% fair-value upside, at -79%, 603937 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 12 models by family
Widest divergence: Asset-Based (¥4.98) versus Dividend Discount (¥0.0800). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 38
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Jiangsu Lidao New Materials Co., Ltd. engages in the research and development, production, and sale of aluminum products in China and internationally. The company is involved in the processing and manufacturing of new building decoration materials and metal materials; aluminum alloy ceiling system; sheet metal parts; and hardware processing activities.
Full company description
Jiangsu Lidao New Materials Co., Ltd. engages in the research and development, production, and sale of aluminum products in China and internationally. The company is involved in the processing and manufacturing of new building decoration materials and metal materials; aluminum alloy ceiling system; sheet metal parts; and hardware processing activities. It offers aluminum magnesium manganese roofing systems, color coated aluminum coils, and curtain wall facing panels; and finishing and cutting aluminum materials, as well as high-end colored aluminum products, welded honeycomb panels, and other materials for rail transit, new energy vehicles, military industry, petrochemical industry, shipbuilding, construction, industry, food packaging, and other industries. The company was formerly known as Changzhou Lidao Metal Material Manufacturing Co., Ltd. Jiangsu Lidao New Materials Co., Ltd. was founded in 2004 and is headquartered in Changzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Jiangsu Lidao New Material Co Ltd Class A reported revenue of ¥2.0B in FY2025 versus ¥1.7B in FY2021, a compound +3.1%/yr. Reported net income was −¥35.8M in FY2025.
of which total revenue +3.6 pp · buybacks/dilution −3.5 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
603937 screens 79% overvalued. Compare with Shandong Hongqiao Aluminum Industry Holding →
Peer Group
Aluminum · 84 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 Aluminum 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.
Similar stocks
10 more Aluminum stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shandong Hongqiao Aluminum Industry Holding 002379 | ¥21.34 | ¥23.44 | +10% |
| China Hongqiao Group 1378 | HK$24.44 | HK$45.58 | +86% |
| Hindalco Industries Limited HINDALCO | ₹1,028 | ₹997.35 | -3% |
| Aluminum Corporation 601600 | ¥9.45 | ¥16.30 | +72% |
| Norsk Hydro ASA NHY | kr 90.02 | kr 58.10 | -35% |
| Press Metal Aluminium Holdings 8869 | 7.90 MYR | 3.88 MYR | -51% |
| Alcoa Corporation AAI | A$73.19 | A$49.53 | -32% |
| Yunnan Aluminium Co 000807 | ¥25.88 | ¥29.68 | +15% |
| Henan Shenhuo Coal Industry and Electricity Power Co 000933 | ¥27.24 | ¥30.28 | +11% |
| Tianshan Aluminum Group 002532 | ¥12.67 | ¥21.86 | +73% |
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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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