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Fujian Supertch Advanced Material CO.,Ltd. (688398) Fair Value & Analysis

Basic Materials · CN · Market cap 4.8B CNY

FS Fujian Supertch Advanced Material CO.,Ltd. 688398 · SHG
Price¥20.75
Fair Value¥4.61
Upside-77.8%
Quality38/100
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Mixed Growth
Thin margins · 1.6% net margin
Low debt · negative free cash flow
0.17% dividend yield
Trails peers (0/13)
Narrow moat 26/100
Evidence: High Range ¥3.23 – ¥5.06 Share as image

Fair value as of: Jul 12, 2026

From 14 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥2.88 to ¥4.61 (+60.0%) since Jun 24, 2026. Share price −16.4% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥5.06). The favourable scenario is already priced in.
  • Weak quality (38/100) 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)

¥34.85 ¥11.39 Fair Value ¥4.61 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 ¥11.39 – ¥34.85 · fair‑value band ¥3.23 – ¥5.06 · the ¥20.75 price screens above the ¥4.61 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Fujian Supertch Advanced Material CO.,Ltd. (688398) currently trades at ¥20.75, while our model-based Fair Value estimate is ¥4.61, implying the stock looks roughly 77.8% overvalued today. The Quality Score stands at 38/100 (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, Fujian Supertch Advanced Material CO.,Ltd. generated revenue of 991M CNY at a net margin of 1.6%. Revenue declined 1.4% year over year. It earns a return on equity of 1.4%. Net debt stands at 437M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.23 (bear case) to ¥5.06 (bull case); at ¥20.75, 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 41% below its 52-week high and 30% 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 -78%, 688398 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 ¥4.13 ¥3.98 ¥3.16 76
Gordon GGM ¥1.05 ¥2.08 ¥3.15 70
Growth-Adj P/E ¥2.46 ¥3.51 ¥4.57 68
All 14 models by family
Earnings-Based
Graham-Dodd ¥0.8700 ¥6.08 ¥8.53 54
Lynch FV ¥2.02 ¥2.88 ¥3.75 50
PEG = 1.0 ¥2.02 ¥2.88 ¥3.75 46
Dividend Discount
Gordon GGM ¥1.05 ¥2.08 ¥3.15 70
DDM Multi-Stage ¥1.05 ¥1.80 ¥2.20 61
Multiples
P/E Multiple ¥1.63 ¥2.18 ¥2.72 63
P/S Multiple ¥1.63 ¥2.18 ¥2.72 58
P/B Multiple ¥1.63 ¥2.18 ¥2.72 55
EV/EBIT ¥0.2400 ¥0.7900 53
EV/EBITDA ¥1.65 ¥2.86 ¥4.07 54
EV/Revenue ¥0.0800 ¥0.7000 43
Asset-Based
NCAV (Graham) ¥2.94 ¥3.94 ¥5.88 50
Economic Profit
Residual Income ¥4.13 ¥3.98 ¥3.16 76
Growth Earnings
Growth-Adj P/E ¥2.46 ¥3.51 ¥4.57 68

Widest divergence: Economic Profit (¥3.98) versus Dividend Discount (¥1.80). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 991M CNY
Revenue growth (YoY) -1.4%
Net margin 1.6%
Return on equity 1.4%
Free cash flow −121M CNY FY2025
P/E ratio 306.4
More key figures
Operating margin 5.9%
EPS (TTM) ¥0.0800
Dividend yield 0.2%
EPS growth (YoY) -96.2%
Net debt 437M CNY FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 40 · Market factors (momentum, volatility) 43

Profitability 20
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 23
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 88
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

Fujian Supertch Advanced Material CO.,Ltd. engages in the manufacture and sale of vacuum insulation panels (VIP), VIP-based vacuum insulated boxes, and barrier film in China.

Full company description

Fujian Supertch Advanced Material CO.,Ltd. engages in the manufacture and sale of vacuum insulation panels (VIP), VIP-based vacuum insulated boxes, and barrier film in China. It offers vacuum insulation boards, vacuum glass, insulation boxes, cold chain insulation equipment, packaging equipment, testing equipment, and automation equipment for vacuum insulation boards. It serves refrigerators, pharmaceutical cold chain, cold chain transportation, building insulation materials, and food preservation markets. The company was founded in 2007 and is based in Longyan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Fujian Supertch Advanced Material CO.,Ltd. reported revenue of ¥995M in FY2025 versus ¥711M in FY2021, a compound +8.8%/yr. Reported net income was ¥25.0M in FY2025, compounding −31.5%/yr from FY2021.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
995M CNY
Latest YoY
+6.6%
Avg. growth/yr (3Y)
+16.0%
Avg. growth/yr (5Y)
+14.0%
Avg. growth/yr (13Y)
+16.7%
Revenue +8.8%/yr
FY21 ¥711M
FY22 ¥638M
FY23 ¥840M
FY24 ¥934M
FY25 ¥995M
Net income −31.5%/yr
FY21 ¥114M
FY22 ¥63.9M
FY23 ¥106M
FY24 ¥77.2M
FY25 ¥25.0M

688398 screens 78% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Fujian Supertch Advanced Material CO.,Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/688398

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 38 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.46× · Higher than 75% of peers

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 306.4× · Pricier than 75% of peers
P/B 4.17× · Pricier than 75% of peers
P/S (TTM) 4.81× · Pricier than 75% of peers
EV/EBITDA 38.7× · 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 0 · sector 19
PAST 5 · sector 23
HEALTH 77 · sector 95
DIVIDEND 3 · 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 Fujian Supertch Advanced Material CO.,Ltd. (688398) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥4.61 versus a price of ¥20.75, about −78% (overvalued).
What is the fair value of 688398?
Our model-based fair value for Fujian Supertch Advanced Material CO.,Ltd. is ¥4.61 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥20.75.
What is the quality score of 688398?
Fujian Supertch Advanced Material CO.,Ltd. has a Quality Score of 38/100. 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 Fujian Supertch Advanced Material CO.,Ltd. (688398)?
Fujian Supertch Advanced Material CO.,Ltd. reported trailing-twelve-month revenue of about 991M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688398?
The net profit margin of Fujian Supertch Advanced Material CO.,Ltd. is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does Fujian Supertch Advanced Material CO.,Ltd. pay a dividend?
Fujian Supertch Advanced Material CO.,Ltd. currently shows a dividend yield of about 0.17% 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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