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Beijing Tongyizhong New Material Technology Corporation (688722) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 3.9B CNY

BT Beijing Tongyizhong New Material Technology Corporation 688722 · SHG
Price¥14.32
Fair Value¥18.94
Upside+32.3%
Quality60/100
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Expensive Growth
Solidly profitable · 10.5% net margin
Low debt · generates free cash flow
0.56% dividend yield
Mixed vs. peers (8/14)
Moderate moat 49/100
Evidence: Medium Range ¥9.76 – ¥23.69 Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from ¥10.73 to ¥18.94 (+76.5%) since Jun 24, 2026. Share price −4.2% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥9.76 to ¥23.69) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥24.91 ¥9.58 Fair Value ¥18.94 Oct 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

58‑month range ¥9.58 – ¥24.91 · fair‑value band ¥9.76 – ¥23.69 · the ¥14.32 price screens below the ¥18.94 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Beijing Tongyizhong New Material Technology Corporation (688722) currently trades at ¥14.32, while our model-based Fair Value estimate is ¥18.94, implying the stock looks roughly 32.3% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Beijing Tongyizhong New Material Technology Corporation generated revenue of 974M CNY at a net margin of 10.5%. Revenue declined 0.8% year over year. It earns a return on equity of 6.8%. The balance sheet holds a net cash position of 483M CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥9.76 (bear case) to ¥23.69 (bull case); at ¥14.32, the current price sits within 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 40% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at 32%, 688722 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 ¥1.65 ¥2.67 ¥4.29 80
Residual Income ¥5.16 ¥5.45 ¥5.95 76
Rev-Margin DCF ¥3.55 ¥6.70 ¥11.22 74
All 26 models by family
DCF Models
FCF DCF ¥1.69 ¥2.49 ¥4.52 38
Owner Earnings ¥8.70 ¥17.24 ¥33.50 31
5Y Revenue Exit ¥3.55 ¥6.88 ¥11.91 39
5Y EBITDA Exit ¥7.26 ¥15.24 ¥26.44 41
5Y P/E Exit ¥6.29 ¥13.12 ¥21.74 38
10Y Revenue Exit ¥2.80 ¥5.82 ¥10.90 36
10Y EBITDA Exit ¥5.44 ¥12.19 ¥24.36 37
10Y P/E Exit ¥4.78 ¥10.52 ¥20.14 35
Earnings-Based
Graham-Dodd ¥3.32 ¥20.59 ¥28.74 54
Lynch FV ¥5.92 ¥8.45 ¥10.99 50
PEG = 1.0 ¥5.92 ¥8.45 ¥10.99 46
EPV ¥5.00 ¥5.69 ¥6.28 59
Dividend Discount
Gordon GGM ¥0.8400 ¥1.67 ¥2.53 70
DDM Multi-Stage ¥0.8400 ¥1.45 ¥1.77 61
Multiples
P/E Multiple ¥8.05 ¥10.73 ¥13.42 63
P/S Multiple ¥3.91 ¥5.22 ¥6.52 58
P/B Multiple ¥6.22 ¥8.29 ¥10.37 55
EV/EBIT ¥8.38 ¥10.97 ¥13.55 53
EV/EBITDA ¥10.14 ¥13.32 ¥16.49 54
EV/Revenue ¥4.28 ¥5.85 ¥7.41 43
Asset-Based
NCAV (Graham) ¥3.18 ¥4.26 ¥6.36 50
Growth DCF
Growth DCF ¥1.65 ¥2.67 ¥4.29 80
Rev-Margin DCF ¥3.55 ¥6.70 ¥11.22 74
Economic Profit
Residual Income ¥5.16 ¥5.45 ¥5.95 76
ROIC Compounder ¥5.00 ¥5.69 ¥6.28 72
Growth Earnings
Growth-Adj P/E ¥8.66 ¥12.37 ¥16.09 68

Widest divergence: Growth Earnings (¥12.37) versus Dividend Discount (¥1.45). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 974M CNY
Revenue growth (YoY) -0.8%
Net margin 10.5%
Return on equity 6.8%
Free cash flow 17.0M CNY FY2025
P/E ratio 37.4
More key figures
Operating margin 18.5%
EPS (TTM) ¥0.4600
Dividend yield 0.6%
EPS growth (YoY) -15.8%
Net cash 483M CNY FY2024

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

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 24

Profitability 49
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 85
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

Beijing Tongyizhong New Material Technology Corporation engages in the research and development, production, and sale of ultra-high molecular weight polyethylene fibers and composite materials in China and internationally.

Full company description

Beijing Tongyizhong New Material Technology Corporation engages in the research and development, production, and sale of ultra-high molecular weight polyethylene fibers and composite materials in China and internationally. The company offers ultra-high molecular weight polyethylene fibers for ropes/nets, gloves, ballistics, cut-resistant, fishing lines, and pre-dyed; and soft and hard ballistic, cut and stab resistant, and ballistic and stab-resistant fabrics. It also provides protective products, such as ballistic helmets, plates, and shields; body and vehicle armors; explosion proof blankets; and cut-resistance bags, cut-resistant clothes, cool-feeling fabrics, high-performance ropes, and fishery products. The company was founded in 1999 and is based in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Beijing Tongyizhong New Material Technology Corporation reported revenue of ¥977M in FY2025 versus ¥331M in FY2021, a compound +31.1%/yr. Reported net income was ¥110M in FY2025, compounding +20.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
977M CNY
Latest YoY
+50.4%
Avg. growth/yr (3Y)
+16.6%
Avg. growth/yr (5Y)
+28.1%
Avg. growth/yr (8Y)
+17.0%
Revenue +31.1%/yr
FY21 ¥331M
FY22 ¥616M
FY23 ¥640M
FY24 ¥649M
FY25 ¥977M
Net income +20.2%/yr
FY21 ¥52.5M
FY22 ¥171M
FY23 ¥154M
FY24 ¥130M
FY25 ¥110M

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Cite: Fair Value Calculator (2026). "Beijing Tongyizhong New Material Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/688722

Peer Group

Textile Manufacturing · 309 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 60 · Top 25%
Fair Value upside +32% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth -1% · Above median
Dividend yield (TTM) 0.6% · Below median
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 37.4× · Pricier than median
P/B 2.70× · Pricier than 75% of peers
P/S (TTM) 3.97× · Pricier than 75% of peers
P/FCF 33.6× · Pricier than 75% of peers
EV/EBITDA 15.7× · 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 76 · sector 11
FUTURE 0 · sector 0
PAST 27 · sector 14
HEALTH 95 · sector 95
DIVIDEND 11 · sector 34

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

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is Beijing Tongyizhong New Material Technology Corporation (688722) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of ¥18.94 versus a price of ¥14.32, about +32% (undervalued).
What is the fair value of 688722?
Our model-based fair value for Beijing Tongyizhong New Material Technology Corporation is ¥18.94 (as of Jul 12, 2026), built from audited fundamentals. The current price is ¥14.32.
What is the quality score of 688722?
Beijing Tongyizhong New Material Technology Corporation has a Quality Score of 60/100. 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 Beijing Tongyizhong New Material Technology Corporation (688722)?
Beijing Tongyizhong New Material Technology Corporation reported trailing-twelve-month revenue of about 974M CNY (latest available figure, as of Jul 12, 2026).
What is the net profit margin of 688722?
The net profit margin of Beijing Tongyizhong New Material Technology Corporation is about 10.5%, meaning it keeps roughly 10.5% of revenue as net income. Based on the latest reported figures.
Does Beijing Tongyizhong New Material Technology Corporation pay a dividend?
Beijing Tongyizhong New Material Technology Corporation currently shows a dividend yield of about 0.56% 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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