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Jiangsu Boqian New Materials Stock Co (605376) Fair Value & Analysis

Basic Materials · CN · Market cap 42.9B CNY

JB Jiangsu Boqian New Materials Stock Co 605376 · SHG
Price¥173.99
Fair Value¥90.25
Upside-48.1%
Quality65/100
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Expensive Growth
Solidly profitable · 18.5% net margin
negative free cash flow
0.06% dividend yield
Mixed vs. peers (6/11)
Wide moat 66/100
Evidence: High Range ¥66.31 – ¥114.27 Share as image

Fair value as of: Aug 11, 2026

From 17 valuation models · updated today

Fair value updated Aug 11, 2026, revised from ¥13.38 to ¥90.25 (+574.5%) since Jul 12, 2026. Share price −12.9% over the past month.

A solid business, but screening 48% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥114.27). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

¥279.50 ¥15.75 Fair Value ¥90.25 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 11, 2026.

How to read this chart

60‑month range ¥15.75 – ¥279.50 · fair‑value band ¥66.31 – ¥114.27 · the ¥173.99 price screens above the ¥90.25 fair value. Dashed = 300-day average. As of Aug 11, 2026.

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Analysis

Jiangsu Boqian New Materials Stock Co (605376) currently trades at ¥173.99, while our model-based Fair Value estimate is ¥90.25, implying the stock looks roughly 48.1% overvalued today. The Quality Score stands at 65/100 (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 Boqian New Materials Stock Co generated revenue of 1.3B CNY at a net margin of 18.5%. Revenue grew 64.0% year over year. It earns a return on equity of 14.5%. Net debt stands at 217M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥66.31 (bear case) to ¥114.27 (bull case); at ¥173.99, 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 13% below its 52-week high and 372% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at -48%, 605376 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥2.54 to ¥39.73). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
Residual Income ¥6.19 ¥7.65 ¥18.83 76
Gordon GGM ¥1.45 ¥3.01 ¥4.78 70
Growth-Adj P/E ¥15.66 ¥22.37 ¥29.08 68
All 17 models by family
DCF Models
Owner Earnings ¥3.62 ¥8.03 ¥17.29 31
Earnings-Based
Graham-Dodd ¥5.70 ¥39.73 ¥55.76 54
Lynch FV ¥12.74 ¥18.20 ¥23.66 50
PEG = 1.0 ¥12.74 ¥18.20 ¥23.66 46
EPV ¥8.87 ¥10.32 ¥11.59 59
Dividend Discount
Gordon GGM ¥1.45 ¥3.01 ¥4.78 70
DDM Multi-Stage ¥1.45 ¥2.54 ¥3.16 61
Multiples
P/E Multiple ¥10.68 ¥14.24 ¥17.80 63
P/S Multiple ¥4.95 ¥6.60 ¥8.26 58
P/B Multiple ¥10.68 ¥14.24 ¥17.80 55
EV/EBIT ¥10.82 ¥14.38 ¥17.93 53
EV/EBITDA ¥10.36 ¥13.75 ¥17.15 54
EV/Revenue ¥4.79 ¥6.77 ¥8.75 43
Asset-Based
NCAV (Graham) ¥3.28 ¥4.39 ¥6.56 50
Economic Profit
Residual Income ¥6.19 ¥7.65 ¥18.83 76
ROIC Compounder ¥10.71 ¥15.86 ¥19.63 67
Growth Earnings
Growth-Adj P/E ¥15.66 ¥22.37 ¥29.08 68

Widest divergence: Growth Earnings (¥22.37) versus Dividend Discount (¥2.54). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.3B CNY
Revenue growth (YoY) +64.0%
Net margin 18.5%
Return on equity 14.5%
Free cash flow −117M CNY FY2025
P/E ratio 188.3
More key figures
Operating margin 21.6%
EPS (TTM) ¥0.9400
Dividend yield 0.1%
EPS growth (YoY) +50.0%
Net debt 217M CNY FY2025

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 60 · Market factors (momentum, volatility) 65

Profitability 51
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 8
Calm price path (market factor)
Momentum 96
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 87
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

Jiangsu Boqian New Materials Stock Co., Ltd. research, develops, produces, and sells nanometer metal powder materials in China.

Full company description

Jiangsu Boqian New Materials Stock Co., Ltd. research, develops, produces, and sells nanometer metal powder materials in China. The products include pure metal powders, including nickel, copper, copper flake, iron and silver powders; binary alloy powder, such as Cu-Mn, copper-nickel, silver bismuth, nickel chromium, iron cobalt, iron nickel, ferrosilicon, and iron silicon alloy powders; ternary alloy powder, including tin-silver-copper and tin-bismuth-silver alloy powders; and other powders, such as silicon powders, silver-coated copper and nickel powders, and 3D printed metal powders. Its materials are used in consumer electronics, automotive electronics, communications, industrial automation, aerospace, AI servers, and other fields. Jiangsu Boqian New Materials Stock Co., Ltd. was founded in 2010 and is based in Suqian, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jiangsu Boqian New Materials Stock Co reported revenue of ¥1.2B in FY2025 versus ¥970M in FY2021, a compound +4.4%/yr. Reported net income was ¥219M in FY2025, compounding −2.0%/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)
1.2B CNY
Latest YoY
+21.8%
Avg. growth/yr (3Y) 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.
+15.5%
Avg. growth/yr (5Y) 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.
+14.1%
Avg. growth/yr (11Y) 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.
+28.2%
Revenue +4.4%/yr
FY21 ¥970M
FY22 ¥747M
FY23 ¥689M
FY24 ¥945M
FY25 ¥1.2B
Net income −2.0%/yr
FY21 ¥238M
FY22 ¥153M
FY23 −¥32.3M
FY24 ¥87.5M
FY25 ¥219M

605376 screens 48% overvalued. Compare with BASF SE →

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Cite: Fair Value Calculator (2026). "Jiangsu Boqian New Materials Stock Co Fair Value". https://www.fairvalue-calculator.com/stock/605376

Peer Group

Chemicals · 338 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 65 · Top 25%
Fair Value upside −48% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 64% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 176.3× · Pricier than 75% of peers
P/B 25.01× · Pricier than 75% of peers
P/S (TTM) 32.70× · Pricier than 75% of peers

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 100 · sector 23
PAST 58 · sector 19
HEALTH 0 · sector 94
DIVIDEND 1 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Jiangsu Boqian New Materials Stock Co (605376) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥90.25 versus a price of ¥173.99, about −48% (overvalued).
What is the fair value of 605376?
Our model-based fair value for Jiangsu Boqian New Materials Stock Co is ¥90.25 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥173.99.
What is the quality score of 605376?
Jiangsu Boqian New Materials Stock Co has a Quality Score of 65/100. 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 Jiangsu Boqian New Materials Stock Co (605376)?
Jiangsu Boqian New Materials Stock Co reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 605376?
The net profit margin of Jiangsu Boqian New Materials Stock Co is about 18.5%, meaning it keeps roughly 18.5% of revenue as net income. Based on the latest reported figures.
Does Jiangsu Boqian New Materials Stock Co pay a dividend?
Jiangsu Boqian New Materials Stock Co currently shows a dividend yield of about 0.06% relative to its recent price (as of Aug 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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