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Shandong Fiberglass Group (605006) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 12.9B CNY

SF Shandong Fiberglass Group 605006 · SHG
Price¥15.09
Fair Value¥6.42
Upside-57.5%
Quality42/100
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Expensive Growth
Loss-making · -0.4% net margin
Moderate debt · negative free cash flow
Trails peers (4/11)
Narrow moat 20/100
Evidence: Medium Range ¥3.77 – ¥9.08 Share as image

Fair value as of: Jul 12, 2026

From 6 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥16.45 to ¥6.42 (−61.0%) since Jun 24, 2026. Share price −5.7% over the past month.

Below-average quality, and screening another 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥9.08). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥3.77 to ¥9.08) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥26.00 ¥3.94 Fair Value ¥6.42 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥3.94 – ¥26.00 · fair‑value band ¥3.77 – ¥9.08 · the ¥15.09 price screens above the ¥6.42 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shandong Fiberglass Group (605006) currently trades at ¥15.09, while our model-based Fair Value estimate is ¥6.42, implying the stock looks roughly 57.5% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical 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, Shandong Fiberglass Group generated revenue of 2.7B CNY at a net margin of -0.4%. Revenue grew 39.1% year over year. It earns a return on equity of -0.5%. Net debt stands at 2.6B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.77 (bear case) to ¥9.08 (bull case); at ¥15.09, 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 34% below its 52-week high and 140% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -3% fair-value upside, at -57%, 605006 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
Gordon GGM ¥0.8300 ¥1.73 ¥2.75 70
DDM Multi-Stage ¥0.8300 ¥1.37 ¥1.82 61
EV/EBITDA ¥5.09 ¥7.74 ¥10.40 54
All 6 models by family
Dividend Discount
Gordon GGM ¥0.8300 ¥1.73 ¥2.75 70
DDM Multi-Stage ¥0.8300 ¥1.37 ¥1.82 61
Multiples
EV/EBIT ¥0.3100 ¥1.11 53
EV/EBITDA ¥5.09 ¥7.74 ¥10.40 54
EV/Revenue ¥0.1200 43
Asset-Based
NCAV (Graham) ¥2.06 ¥2.76 ¥4.11 50

Widest divergence: Asset-Based (¥2.76) versus Multiples (¥0.3100). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) 2.7B CNY
Revenue growth (YoY) +39.1%
Net margin -0.4%
Return on equity -0.5%
Free cash flow −663M CNY FY2025
Operating margin 5.1%
More key figures
EPS (TTM) ¥-0.0100
EPS growth (YoY) +100%
Net debt 2.6B CNY FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 42 · Market factors (momentum, volatility) 73

Profitability 13
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 30
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 85
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

Shandong Fiberglass Group Co., Ltd engages in the research and development, production, and sale of glass fiber and related products in China and internationally. The company operates in two segments, Glass Fiber Business and Thermoelectric Business.

Full company description

Shandong Fiberglass Group Co., Ltd engages in the research and development, production, and sale of glass fiber and related products in China and internationally. The company operates in two segments, Glass Fiber Business and Thermoelectric Business. It provides fiberglass direct roving, fiberglass yarn, fiberglass roving, wet-laid tissue, strands, direct roving, fiberglass wet-laid mat, fiberglass and fabrics, fiberglass mats and fabrics, and fire-proof wallcovering, as well as roving for PBT reinforcement. The company also offers thermoelectric products; and generates electricity through thermal power. Its products are used in building materials, transportation, electronic and electrical, pipes and tanks, environmental protection wind power, and other fields. Shandong Fiberglass Group Co., Ltd was founded in 2008 and is based in Linyi, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shandong Fiberglass Group reported revenue of ¥2.5B in FY2025 versus ¥2.7B in FY2021, a compound −2.5%/yr. Reported net income was −¥13.4M in FY2025.

Growth Quality 16/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
2.5B CNY
Latest YoY
+23.9%
Avg. growth/yr (3Y)
−3.7%
Avg. growth/yr (5Y)
+4.5%
Avg. growth/yr (12Y)
+8.2%
Revenue −2.5%/yr
FY21 ¥2.7B
FY22 ¥2.8B
FY23 ¥2.2B
FY24 ¥2.0B
FY25 ¥2.5B
Net income
FY21 ¥546M
FY22 ¥536M
FY23 ¥105M
FY24 −¥98.9M
FY25 −¥13.4M

605006 screens 57% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "Shandong Fiberglass Group Fair Value". https://www.fairvalue-calculator.com/stock/605006

Peer Group

Textile Manufacturing · 309 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 42 · Below median
Fair Value upside −58% · Below median
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 39% · Top 25%
Debt / equity 0.90× · Higher than 75% of peers

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/B 0.74× · Cheaper than median
P/S (TTM) 0.71× · Cheaper than median
EV/EBITDA 8.5× · Pricier 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 11
FUTURE 100 · sector 0
PAST 0 · sector 14
HEALTH 55 · sector 95
DIVIDEND 0 · sector 34

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Bros Eastern.,Ltd 601339 ¥8.08 ¥7.87 -3%

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Frequently asked questions

Is Shandong Fiberglass Group (605006) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥6.42 versus a price of ¥15.09, about −57% (overvalued).
What is the fair value of 605006?
Our model-based fair value for Shandong Fiberglass Group is ¥6.42 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥15.09.
What is the quality score of 605006?
Shandong Fiberglass Group has a Quality Score of 42/100. 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 Shandong Fiberglass Group (605006)?
Shandong Fiberglass Group reported trailing-twelve-month revenue of about 2.7B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 605006?
The net profit margin of Shandong Fiberglass Group is about -0.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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