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Orinko Advanced Plastics Co (688219) Fair Value & Analysis

Basic Materials · CN · Market cap 6.4B CNY

OA Orinko Advanced Plastics Co 688219 · SHG
Price¥10.70
Fair Value¥5.12
Upside-52.2%
Quality42/100
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Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Trails peers (3/14)
Narrow moat 30/100
Evidence: High Range ¥3.84 – ¥6.40 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price −7.3% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥6.40). 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.
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Price vs Fair Value (5 years)

¥20.38 ¥6.51 Fair Value ¥5.12 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 ¥6.51 – ¥20.38 · fair‑value band ¥3.84 – ¥6.40 · the ¥10.70 price screens above the ¥5.12 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Orinko Advanced Plastics Co (688219) currently trades at ¥10.70, while our model-based Fair Value estimate is ¥5.12, implying the stock looks roughly 52.2% overvalued today. The Quality Score stands at 42/100 (below-average 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, Orinko Advanced Plastics Co generated revenue of 6.7B CNY at a net margin of 3.0%. Revenue grew 11.7% year over year. It earns a return on equity of 7.4%. Net debt stands at 399M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.84 (bear case) to ¥6.40 (bull case); at ¥10.70, 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 30% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -52%, 688219 screens cheaper 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
Growth DCF ¥7.36 ¥10.68 ¥15.35 80
Residual Income ¥4.33 ¥4.50 ¥4.62 76
Rev-Margin DCF ¥5.72 ¥8.55 ¥11.92 74
All 26 models by family
DCF Models
FCF DCF ¥7.31 ¥11.16 ¥16.99 38
Owner Earnings ¥4.09 ¥6.08 ¥9.10 31
5Y Revenue Exit ¥5.72 ¥8.52 ¥12.09 39
5Y EBITDA Exit ¥6.42 ¥9.85 ¥13.88 41
5Y P/E Exit ¥5.62 ¥8.33 ¥11.19 38
10Y Revenue Exit ¥6.11 ¥8.81 ¥12.45 36
10Y EBITDA Exit ¥6.68 ¥9.72 ¥13.81 37
10Y P/E Exit ¥6.18 ¥8.67 ¥11.76 35
Earnings-Based
Graham-Dodd ¥2.41 ¥8.38 ¥11.26 54
Lynch FV ¥1.94 ¥2.78 ¥3.61 50
PEG = 1.0 ¥1.94 ¥2.78 ¥3.61 46
EPV ¥4.11 ¥4.65 ¥5.12 59
Dividend Discount
Gordon GGM ¥1.81 ¥3.61 ¥5.46 70
DDM Multi-Stage ¥1.81 ¥3.10 ¥3.81 61
Multiples
P/E Multiple ¥4.52 ¥6.02 ¥7.53 63
P/S Multiple ¥4.52 ¥6.02 ¥7.53 58
P/B Multiple ¥4.52 ¥6.02 ¥7.53 55
EV/EBIT ¥5.70 ¥7.39 ¥9.08 53
EV/EBITDA ¥6.54 ¥8.51 ¥10.47 54
EV/Revenue ¥5.03 ¥6.91 ¥8.79 43
Asset-Based
NCAV (Graham) ¥2.73 ¥3.66 ¥5.46 50
Growth DCF
Growth DCF ¥7.36 ¥10.68 ¥15.35 80
Rev-Margin DCF ¥5.72 ¥8.55 ¥11.92 74
Economic Profit
Residual Income ¥4.33 ¥4.50 ¥4.62 76
ROIC Compounder ¥4.11 ¥4.65 ¥5.12 72
Growth Earnings
Growth-Adj P/E ¥4.00 ¥5.71 ¥7.43 68

Widest divergence: DCF Models (¥8.67) versus Earnings-Based (¥2.78). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 6.7B CNY
Revenue growth (YoY) +11.7%
Net margin 3.0%
Return on equity 7.4%
Free cash flow 329M CNY FY2025
P/E ratio 31.3
More key figures
Operating margin 3.7%
EPS (TTM) ¥0.3700
Net debt 399M 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 45 · Market factors (momentum, volatility) 42

Profitability 36
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 20
Distance to the 52-week high (market factor)
Net Issuance 9
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

Orinko Advanced Plastics Co.,LTD., together with its subsidiaries, researches, develops, produces, and sells polymer modified materials in China.

Full company description

Orinko Advanced Plastics Co.,LTD., together with its subsidiaries, researches, develops, produces, and sells polymer modified materials in China. The company offers modified new materials, special engineering materials, environmentally friendly high-performance PCR materials, and multifunctional membrane materials; and polyolefin, polystyrene, engineering plastics, and other products. It also provides after-sales and technical support services; and simulation, routine, and failure and component analysis testing services. The company's products are used in the automobile, home appliances, new energy, consumer electronics, electrical and electronics, AI, medical, rail transit, home building materials, and security industries. Orinko Advanced Plastics Co.,LTD. was incorporated in 2008 and is headquartered in Hefei, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Orinko Advanced Plastics Co reported revenue of ¥6.5B in FY2025 versus ¥4.9B in FY2021, a compound +7.3%/yr. Reported net income was ¥195M in FY2025, compounding +37.8%/yr from FY2021.

Growth Quality 75/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
6.5B CNY
Latest YoY
+6.6%
Avg. growth/yr (3Y)
+7.8%
Avg. growth/yr (5Y)
+9.5%
Avg. growth/yr (6Y)
+8.3%
Revenue +7.3%/yr
FY21 ¥4.9B
FY22 ¥5.2B
FY23 ¥5.3B
FY24 ¥6.1B
FY25 ¥6.5B
Net income +37.8%/yr
FY21 ¥54.1M
FY22 ¥59.2M
FY23 ¥147M
FY24 ¥194M
FY25 ¥195M

688219 screens 52% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Orinko Advanced Plastics Co Fair Value". https://www.fairvalue-calculator.com/stock/688219

Peer Group

Specialty Chemicals · 676 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 · Bottom 25%
Fair Value upside −52% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 31.3× · Pricier than median
P/B 2.12× · Pricier than median
P/S (TTM) 0.96× · Cheaper than median
P/FCF 2.9× · Pricier than median
EV/EBITDA 16.2× · 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 0
FUTURE 59 · sector 19
PAST 29 · sector 23
HEALTH 91 · sector 95
DIVIDEND 0 · sector 25

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

Stock Price Fair Value vs Fair Value
Linde plc LIN $489.98 $222.03 -55%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Orinko Advanced Plastics Co (688219) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥5.12 versus a price of ¥10.70, about −52% (overvalued).
What is the fair value of 688219?
Our model-based fair value for Orinko Advanced Plastics Co is ¥5.12 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥10.70.
What is the quality score of 688219?
Orinko Advanced Plastics Co 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 Orinko Advanced Plastics Co (688219)?
Orinko Advanced Plastics Co reported trailing-twelve-month revenue of about 6.7B CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688219?
The net profit margin of Orinko Advanced Plastics Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. 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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