Zhejiang Power New Energy Co. Ltd. A (688184) fair value: what the stock is really worth
As of Sep 30, 2026: fair value of Zhejiang Power New Energy Co. Ltd. A ¥1.63, price ¥10.67, upside -84.7%, quality 46 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
48‑month range ¥8.74 – ¥34.67 · fair‑value band ¥1.08 – ¥2.04 · the ¥10.67 price screens above the ¥1.63 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Zhejiang Power New Energy Co., Ltd. engages in the research, development, production, and sale of lithium-ion battery ternary cathode material precursors in China. The company offers ternary cathode material precursors, which are used in electric vehicles, mobile phones, laptops, power tools, electric bicycles, and other fields.
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Zhejiang Power New Energy Co., Ltd. engages in the research, development, production, and sale of lithium-ion battery ternary cathode material precursors in China. The company offers ternary cathode material precursors, which are used in electric vehicles, mobile phones, laptops, power tools, electric bicycles, and other fields. It also provides pre-sale and in-sale services. The company was founded in 2014 and is headquartered in Zhuji, China.
Stock analysis
Zhejiang Power New Energy Co. Ltd. A (688184) currently trades at ¥10.67, while our model-based Fair Value estimate is ¥1.63, 84.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥4.51 per share, and 0 of the 3 models we run sit above the ¥10.67 price.
Bear case: the Dividend Discount group reads lowest at ¥0.1700, and 3 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: ¥1.08 (bear) to ¥2.04 (bull), the price of ¥10.67 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 46/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Zhejiang Power New Energy Co. Ltd. A reported revenue of 690M CNY in FY2025 versus 866M CNY in FY2021, a compound −5.5%/yr. Reported net income was −698M CNY in FY2025.
Key figures
Market cap 1.9B CNY (≈ $280M) · P/S ratio 2.07 · EPS (TTM) ¥−3.08 · Dividend yield 0.2% · Net margin −101% · Return on equity −36.0% · Return on assets (EBIT) −4.8% · Operating margin 4.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −85%, 688184 screens richer than that median.
Fair Value models
Bear ¥1.08Fair Value ¥1.63Bull ¥2.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.13/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−27.9%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−25.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.8% (2020) → −26.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Zhejiang Power New Energy Co. Ltd. A with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Chemicals · 339 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−84.7% · Bottom 25%
Profitability
Return on assets−4.5% · Bottom 25%
Net margin (TTM)−54.6% · Bottom 25%
Operating margin (TTM)4.4% · Below median
Growth and dividend
Revenue growth56.7% · Top 25%
Dividend yield (TTM)0.2% · Bottom 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/B0.27× · Cheapest 25%
P/S (TTM)0.31× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 3
FUTURE (revenue growth)100· sector 61
PAST (return on equity)0· sector 22
HEALTH (low debt)99· sector 94
DIVIDEND (yield)4· sector 32
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zhejiang Power New Energy Co. Ltd. A Fair Value". https://www.fairvalue-calculator.com/stock/688184
Frequently asked questions
Is Zhejiang Power New Energy Co. Ltd. A (688184) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ¥1.63 versus a price of ¥10.67, about −85% upside (overvalued).
What is the fair value of 688184?
Our model-based fair value for Zhejiang Power New Energy Co. Ltd. A is ¥1.63 (as of Sep 24, 2026), built from audited fundamentals. The current price: ¥10.67.
What is the quality score of 688184?
Zhejiang Power New Energy Co. Ltd. A has a Quality Score of 46/100. 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 price target for Zhejiang Power New Energy Co. Ltd. A (688184)?
Our model-based price target is the fair value of ¥1.63 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario ¥1.08, optimistic scenario ¥2.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Power New Energy Co. Ltd. A stock forecast for 2026?
Our models put fair value at ¥1.63, about −85% upside versus a price of ¥10.67 (overvalued). Cautious scenario ¥1.08, optimistic scenario ¥2.04. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Power New Energy Co. Ltd. A (688184)?
Zhejiang Power New Energy Co. Ltd. A reported trailing-twelve-month revenue of about 906M CNY (latest available figure, as of Sep 24, 2026).
Does Zhejiang Power New Energy Co. Ltd. A pay a dividend?
Zhejiang Power New Energy Co. Ltd. A currently shows a dividend yield of about 0.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Zhejiang Power New Energy Co. Ltd. A (688184)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Power New Energy Co. Ltd. A it is ¥1.63 per share (as of Sep 24, 2026), against a price of ¥10.67. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Zhejiang Power New Energy Co. Ltd. A stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 688184 trades above its calculated fair value: price ¥10.67, fair value ¥1.63, a gap of about −85% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 688184?
No. The price is what the market pays today (¥10.67); the fair value is what the company's own numbers justify (¥1.63). For Zhejiang Power New Energy Co. Ltd. A the two are ¥9.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Power New Energy Co. Ltd. A worth?
The market values Zhejiang Power New Energy Co. Ltd. A at about 1.9B CNY (market capitalisation, as of Sep 24, 2026). Per share that is ¥10.67; our models calculate a fair value of ¥1.63 per share.
What do the bullish and bearish scenarios say about 688184?
Our models span a range for Zhejiang Power New Energy Co. Ltd. A: cautious scenario ¥1.08, base ¥1.63, optimistic ¥2.04 per share (as of Sep 24, 2026, price ¥10.67). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zhejiang Power New Energy Co. Ltd. A (688184)?
Balance-sheet figures for Zhejiang Power New Energy Co. Ltd. A (as of Sep 24, 2026): return on equity −36.0%, debt of 0.02 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is 688184 from its 52-week high?
Zhejiang Power New Energy Co. Ltd. A trades at ¥10.67, about 25% below its 52-week high of ¥14.31 and 18% above the low of ¥9.05 (as of Sep 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.63 is for.
Which stocks are comparable to Zhejiang Power New Energy Co. Ltd. A?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, Hengli Petrochemical Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zhejiang Power New Energy Co. Ltd. A stock attractive at the current price?
The data as of Sep 24, 2026: price ¥10.67, calculated fair value ¥1.63 (−85%), Quality Score 46/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 688184 calculated?
We run Zhejiang Power New Energy Co. Ltd. A through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥1.63, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Zhejiang Power New Energy Co. Ltd. A itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zhejiang Power New Energy Co. Ltd. A (688184)?
The closing price on Sep 30, 2026 was ¥10.67. Our model-based fair value is ¥1.63, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Power New Energy Co. Ltd. A right now?
The price sits above even our optimistic bull case (¥2.04). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥1.08 to ¥2.04) leaves room in how you read the outcome.
Key figures of Zhejiang Power New Energy Co. Ltd. A
How large is the market capitalisation of Zhejiang Power New Energy Co. Ltd. A (688184)?
The market capitalisation of Zhejiang Power New Energy Co. Ltd. A is 1.9B CNY (≈ $280M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zhejiang Power New Energy Co. Ltd. A (688184)?
The price-to-sales ratio of Zhejiang Power New Energy Co. Ltd. A is 2.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zhejiang Power New Energy Co. Ltd. A (688184)?
Earnings per share at Zhejiang Power New Energy Co. Ltd. A are ¥−3.08. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Power New Energy Co. Ltd. A (688184)?
The dividend yield of Zhejiang Power New Energy Co. Ltd. A is 0.2%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zhejiang Power New Energy Co. Ltd. A (688184)?
The net margin of Zhejiang Power New Energy Co. Ltd. A is −101% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zhejiang Power New Energy Co. Ltd. A (688184)?
The return on equity (ROE) of Zhejiang Power New Energy Co. Ltd. A is −36.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zhejiang Power New Energy Co. Ltd. A (688184)?
On an EBIT basis the return on assets of Zhejiang Power New Energy Co. Ltd. A is −4.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zhejiang Power New Energy Co. Ltd. A (688184)?
The operating margin of Zhejiang Power New Energy Co. Ltd. A is 4.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Power New Energy Co. Ltd. A (688184)?
Revenue at Zhejiang Power New Energy Co. Ltd. A is growing +56.7% versus a year earlier (3y avg −25.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zhejiang Power New Energy Co. Ltd. A (688184)?
Earnings per share at Zhejiang Power New Energy Co. Ltd. A are growing −90.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhejiang Power New Energy Co. Ltd. A (688184) generate?
The free cash flow of Zhejiang Power New Energy Co. Ltd. A is −483M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Zhejiang Power New Energy Co. Ltd. A (688184) carry?
The net debt of Zhejiang Power New Energy Co. Ltd. A is 103M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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