Hangzhou Toka Ink Co (688571) Fair Value & Analysis

Basic Materials · CN · Market cap 3.4B CNY

Below-average quality, and screening another 61% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥4.66). The favourable scenario is already priced in.
• Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

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 ¥4.17 – ¥11.06 · fair‑value band ¥3.26 – ¥4.66 · the ¥9.43 price screens above the ¥3.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Hangzhou Toka Ink Co (688571) currently trades at ¥9.43, while our model-based Fair Value estimate is ¥3.68, implying the stock looks roughly 61.0% overvalued today. The Quality Score stands at 49/100 (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, Hangzhou Toka Ink Co generated revenue of 1.3B CNY at a net margin of 8.6%. Revenue grew 5.5% year over year. It earns a return on equity of 5.7%. The balance sheet holds a net cash position of 825M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥3.26 (bear case) to ¥4.66 (bull case); at ¥9.43, 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 6% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -61%, 688571 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.

Widest divergence: Multiples (¥4.35) versus Dividend Discount (¥2.44). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Hangzhou Toka Ink Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of ink products, digital materials, and functional materials in China and internationally.

Full company description

Hangzhou Toka Ink Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of ink products, digital materials, and functional materials in China and internationally. The company offers UV printing inks for various materials, such as paper, paper-plastic composite films, metal cardboards, and plastic sheets; offset printing inks for the printing of packaging and publications, including textbooks, teaching aids, and children's books, etc.; liquid inks for plastic and composite films, paper and paper-plastic materials, and other materials; and high-biomass and special inks. It also provides digital inkjet printing inks for digital printing materials comprising paper, plastic, film, and fiber, etc., as well as light box advertisements; functional materials, including varnish and matte oil; primers; new energy, electronics, decoration building materials, and other industrial manufacturing fields; application of laser holographic image anti-counterfeiting technology; and floor beautification and painting of hospitals, food workshops, logistics warehouses, offices, and entertainment venues. Hangzhou Toka Ink Co.,Ltd. was incorporated in 1988 and is headquartered in Hangzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hangzhou Toka Ink Co reported revenue of ¥1.2B in FY2025 versus ¥1.1B in FY2021, a compound +2.1%/yr. Reported net income was ¥109M in FY2025, compounding −1.0%/yr from FY2021.

688571 screens 61% overvalued. Compare with Linde plc →

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.

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

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: 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.