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Pan Asian Microvent Tech (Jiangsu) Corporation (688386) Fair Value & Analysis

Basic Materials · CN · Market cap 8.2B CNY

PA Pan Asian Microvent Tech (Jiangsu) Corporation 688386 · SHG
Price¥54.70
Fair Value¥13.97
Upside-74.5%
Quality35/100
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Expensive Growth
Solidly profitable · 13.6% net margin
Low debt · negative free cash flow
0.43% dividend yield
Trails peers (5/13)
Moderate moat 55/100
Evidence: Medium Range ¥9.49 – ¥24.03 Share as image

Fair value as of: Jul 12, 2026

From 16 valuation models · updated 29 days ago

Share price −29.0% over the past month.

Below-average quality, and screening another 74% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥24.03). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (¥9.49 to ¥24.03) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥99.54 ¥18.10 Fair Value ¥13.97 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 ¥18.10 – ¥99.54 · fair‑value band ¥9.49 – ¥24.03 · the ¥54.70 price screens above the ¥13.97 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Pan Asian Microvent Tech (Jiangsu) Corporation (688386) currently trades at ¥54.70, while our model-based Fair Value estimate is ¥13.97, implying the stock looks roughly 74.5% overvalued today. The Quality Score stands at 35/100 (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: medium).

Over the trailing twelve months, Pan Asian Microvent Tech (Jiangsu) Corporation generated revenue of 756M CNY at a net margin of 13.6%. Revenue grew 25.0% year over year. It earns a return on equity of 9.5%. Net debt stands at 462M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥9.49 (bear case) to ¥24.03 (bull case); at ¥54.70, 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 47% below its 52-week high and 12% 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 -74%, 688386 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
Residual Income ¥7.94 ¥9.94 ¥25.37 76
ROIC Compounder ¥8.37 ¥12.29 ¥16.01 72
Gordon GGM ¥1.45 ¥2.90 ¥4.38 70
All 16 models by family
Earnings-Based
Graham-Dodd ¥7.72 ¥53.00 ¥74.33 54
Lynch FV ¥15.59 ¥22.28 ¥28.96 50
PEG = 1.0 ¥15.59 ¥22.28 ¥28.96 46
EPV ¥8.37 ¥9.99 ¥11.40 59
Dividend Discount
Gordon GGM ¥1.45 ¥2.90 ¥4.38 70
DDM Multi-Stage ¥1.45 ¥2.50 ¥3.06 61
Multiples
P/E Multiple ¥14.47 ¥19.29 ¥24.12 63
P/S Multiple ¥8.16 ¥10.88 ¥13.60 58
P/B Multiple ¥14.47 ¥19.29 ¥24.12 55
EV/EBIT ¥13.87 ¥19.14 ¥24.41 53
EV/EBITDA ¥12.92 ¥17.87 ¥22.82 54
EV/Revenue ¥5.68 ¥8.95 ¥12.21 43
Asset-Based
NCAV (Graham) ¥4.19 ¥5.62 ¥8.38 50
Economic Profit
Residual Income ¥7.94 ¥9.94 ¥25.37 76
ROIC Compounder ¥8.37 ¥12.29 ¥16.01 72
Growth Earnings
Growth-Adj P/E ¥19.69 ¥28.12 ¥36.56 68

Widest divergence: Growth Earnings (¥28.12) versus Dividend Discount (¥2.50). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 756M CNY
Revenue growth (YoY) +25.0%
Net margin 13.6%
Return on equity 9.5%
Free cash flow −144M CNY FY2025
P/E ratio 72.4
More key figures
Operating margin 20.4%
EPS (TTM) ¥1.14
Dividend yield 0.4%
EPS growth (YoY) -20.8%
Net debt 462M CNY FY2025

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 38 · Market factors (momentum, volatility) 32

Profitability 51
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 24
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 16
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 0
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

Pan Asian Microvent Tech (Jiangsu) Corporation engages in the research and development, design, production, and sale of e-PTFE micro-permeable membranes and aerogels in China and internationally.

Full company description

Pan Asian Microvent Tech (Jiangsu) Corporation engages in the research and development, design, production, and sale of e-PTFE micro-permeable membranes and aerogels in China and internationally. The company offers pharmaceutical products; CMD condensation controller, fuel cell proton exchange membrane, water electrolysis for hydrogen production, flow battery ion exchange membrane, aerogel products, and anion exchange membrane; and green energy, new energy vehicle thermal management products, and new energy vehicle battery breathable products. It also provides aircraft landing gear wiring harness lead tube, e-PTFE cable wrapping film, and electromagnetic shielding products; automotive e-PTFE breathable products, e-PTEF sound and heat insulation cotton products, water-retaining membrane products and services, sealing products, automotive NVH products, pressure-balanced breathable products, and OLED drying film products; pressure-balanced breathable products; micro-drying membrane module; breathable products for chemical packaging; and e-PTFE sealing products. In addition, the company offers filtration products, such as LSM-GF, LSM-PVDF, LSM-PES, LSM-PP, LSM-PTFE, and LSM-Nylon series membrane filter cartridges, as well as 35mm butterfly filter and disposable precision filters. Pan Asian Microvent Tech (Jiangsu) Corporation was founded in 1995 and is headquartered in Changzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Pan Asian Microvent Tech (Jiangsu) Corporation reported revenue of ¥722M in FY2025 versus ¥317M in FY2021, a compound +22.9%/yr. Reported net income was ¥113M in FY2025, compounding +14.2%/yr from FY2021.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
722M CNY
Latest YoY
+40.3%
Avg. growth/yr (3Y)
+25.6%
Avg. growth/yr (5Y)
+21.1%
Avg. growth/yr (8Y)
+18.7%
Revenue +22.9%/yr
FY21 ¥317M
FY22 ¥364M
FY23 ¥411M
FY24 ¥515M
FY25 ¥722M
Net income +14.2%/yr
FY21 ¥66.4M
FY22 ¥31.3M
FY23 ¥86.5M
FY24 ¥99.2M
FY25 ¥113M

688386 screens 74% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Pan Asian Microvent Tech (Jiangsu) Corporation Fair Value". https://www.fairvalue-calculator.com/stock/688386

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 35 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Above median
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 25% · Top 25%
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.41× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 72.4× · Pricier than 75% of peers
P/B 9.84× · Pricier than 75% of peers
P/S (TTM) 10.87× · Pricier than 75% of peers
EV/EBITDA 43.0× · 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 19
PAST 38 · sector 23
HEALTH 80 · sector 95
DIVIDEND 9 · 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
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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 Pan Asian Microvent Tech (Jiangsu) Corporation (688386) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥13.97 versus a price of ¥54.70, about −74% (overvalued).
What is the fair value of 688386?
Our model-based fair value for Pan Asian Microvent Tech (Jiangsu) Corporation is ¥13.97 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥54.70.
What is the quality score of 688386?
Pan Asian Microvent Tech (Jiangsu) Corporation has a Quality Score of 35/100. 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 Pan Asian Microvent Tech (Jiangsu) Corporation (688386)?
Pan Asian Microvent Tech (Jiangsu) Corporation reported trailing-twelve-month revenue of about 756M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688386?
The net profit margin of Pan Asian Microvent Tech (Jiangsu) Corporation is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does Pan Asian Microvent Tech (Jiangsu) Corporation pay a dividend?
Pan Asian Microvent Tech (Jiangsu) Corporation currently shows a dividend yield of about 0.43% relative to its recent price (as of Jul 12, 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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