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Anhui Estone Materials Technology Co Ltd (688733) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Anhui Estone Materials Technology Co Ltd ¥11.84, price ¥29.15, upside -59.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

Fair value above price? No
Good quality? No
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Basic Materials · CN · ISIN CNE1000050M0

AE Thin data Sep 23, 2026

Anhui Estone Materials Technology Co Ltd

688733 · SHG

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥11.84 · Strongly overvalued (−59%)

!Quality 48/100

!Expensive Growth (revenue 5y +26.8 %/yr)

!Loss-making · -0.7% net margin (TTM)

!Low debt · negative free cash flow

·0.34% dividend yield

!Trails peers (4/12)

!Narrow moat 24/100

!Evidence only low, so the estimate is less certain

!Weak on dividend: 7 out of 100

26 models, one by oneBear ¥8.48 to bull ¥15.18 Growth analysisrevenue history, year by year Quality 48/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range ¥12.04 – ¥98.46 · fair‑value band ¥8.48 – ¥15.18 · the ¥29.15 price screens above the ¥11.84 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Anhui Estone Materials Technology Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of advanced inorganic non-metallic composites in China and internationally. The company offers coating materials for electrode plates and separators in lithium batteries; electronic communication functional filling materials, including chip packaging, 5G high-frequency and high-speed copper clad laminate functional filling materials, silicone rubber functional fillers, electronic ink functional filling materials, and thermal interface materials; low smoke halogen-free flame retardant materials comprising environmentally friendly flame retardant for low-smoke halogen-free B1 sheath materials, smoke suppression char-forming agents, ceramic flame retardants, and ceramic products; opening agent solutions that include soft silicon and spherical silicon dioxide; and ceramic parts, such as alumina, zirconia, and aluminum nitride structural components. It also exports its products. The company was incorporated in 2006 and is based in Bengbu, China.

Stock analysis

Anhui Estone Materials Technology Co Ltd (688733) currently trades at ¥29.15, while our model-based Fair Value estimate is ¥11.84, implying the stock looks roughly 146.2% overvalued today.

Valuation

Bull case: the Asset-Based group reads highest at a median of ¥7.07 per share, and 0 of the 4 models we run sit above the ¥29.15 price.

Bear case: the Dividend Discount group reads lowest at ¥2.30, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Scenario range: ¥8.48 (bear) to ¥15.18 (bull), the price of ¥29.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Anhui Estone Materials Technology Co Ltd reported revenue of 630M CNY in FY2025 versus 423M CNY in FY2021, a compound +10.5%/yr. Reported net income was −22.1M CNY in FY2025.

Key figures

Market cap 5.9B CNY (≈ $873M) · P/S ratio 8.18 · EPS (TTM) ¥−0.0300 · Dividend yield 0.3% · Net margin −3.5% · Return on equity −0.3% · Return on assets (EBIT) 2.7% · Operating margin 1.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).

What moves the price

The share trades about 37% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −53% fair-value upside, at −59%, 688733 screens richer than that median.

Fair Value models

Bear ¥8.48 Fair Value ¥11.84 Bull ¥15.18

Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.

Highest evidence

Gordon GGM ¥1.40 ¥2.52 ¥3.47 68

DDM Multi-Stage ¥1.40 ¥2.30 ¥2.69 67

EV/EBITDA ¥4.24 ¥5.92 ¥7.59 67

All 4 models by family

Dividend Discount

Gordon GGM ¥1.40 ¥2.52 ¥3.47 68

DDM Multi-Stage ¥1.40 ¥2.30 ¥2.69 67

Multiples

EV/EBITDA ¥4.24 ¥5.92 ¥7.59 67

Asset-Based

NCAV (Graham) ¥5.28 ¥7.07 ¥10.55 54

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Quality Score breakdown

Overall quality 48/100

Of which business quality 49 · Market factors (momentum, volatility) 34

Profitability 13

Margins and returns on capital today

Quality Growth 60

Are margins and returns improving?

Cashflow 33

Earnings quality: real cash, not paper profit

Fin. Strength 79

Balance sheet, leverage, solvency risk

Investment 57

Disciplined investing over empire-building

Low Volatility 28

Calm price path (market factor)

Momentum 38

Price trend over the last 3–12 months (market factor)

52W Momentum 34

Distance to the 52-week high (market factor)

Net Issuance 66

Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 38/100

The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Revenue growth 1 year

+24.9%

Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+1.5%

Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+26.8%

Start year 2020 (pandemic). Over 10 years: +34.6% a year

Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.

+34.3%

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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.

23.0% (2020) → −6.5% (2025)

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss

not computed

688733 screens 146% overvalued. Compare with Linde plc →

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Peer Groupⓘ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.Specialty Chemicals · 712 stocks

Beats the industry median on 4/11 measures

Overall it trails its industry peers.

Valuation

Quality Score 48 · Below median

Fair Value upside −59% · Below median

Profitability

Return on assets −1% · Bottom 25%

Net margin (TTM) −1% · Bottom 25%

Operating margin (TTM) 1% · Bottom 25%

Growth and dividend

Revenue growth 55% · Top 25%

Dividend yield (TTM) 0.3% · Bottom 25%

Balance sheet

Debt / equity 0.31× · Above median

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/B 0.41× · Cheapest 25%

P/S (TTM) 1.26× · Cheaper than median

EV/EBITDA 11.5× · Cheaper than median

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)0 · sector 0

FUTURE (revenue growth)100 · sector 21

PAST (return on equity)0 · sector 23

HEALTH (low debt)85 · sector 95

DIVIDEND (yield)7 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

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Linde plc LIN	$468.14	$441.72	−6%
The Sherwin-Williams Company SHW	$329.10	$151.68	−54%
Ecolab Inc ECL	$279.49	$96.56	−65%
Air Products and Chemicals, Inc APD	$281.76	$121.30	−57%
Givaudan SA GIVN	CHF 3,447	CHF 1,527	−56%
Wanhua Chemical Group 600309	¥71.60	¥68.03	−5%
Asian Paints Limited ASIANPAINT	₹2,455	₹1,479	−40%
PPG Industries, Inc PPG	$107.20	$77.06	−28%
DSM-Firmenich AG DSFIR	CHF 91.50	CHF 29.27	−68%
Sociedad Química y Minera de Chile S.A SQM	$69.08	$32.50	−53%

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Anhui Estone Materials Technology Co Ltd · Fair Value
¥11.84 −146%Fair Value
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<a href="https://www.fairvalue-calculator.com/stock/688733" target="_blank" rel="nofollow noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">Anhui Estone Materials Technology Co Ltd · Fair Value</span><br><b style="font-size:20px">¥11.84</b> <span style="color:#e0816f;font-weight:700;font-size:14px">−146%</span></span><span style="font-size:11px;color:var(--fvc-g-mitte);font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

Cite: Fair Value Calculator (2026). "Anhui Estone Materials Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688733

Frequently asked questions

Is Anhui Estone Materials Technology Co Ltd (688733) overvalued or undervalued?

As of Sep 23, 2026, our model estimates a fair value of ¥11.84 versus a price of ¥29.15, about −59% upside (overvalued).

What is the fair value of 688733?

Our model-based fair value for Anhui Estone Materials Technology Co Ltd is ¥11.84 (as of Sep 23, 2026), built from audited fundamentals. The current price: ¥29.15.

What is the quality score of 688733?

Anhui Estone Materials Technology Co Ltd has a Quality Score of 48/100. 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 price target for Anhui Estone Materials Technology Co Ltd (688733)?

Our model-based price target is the fair value of ¥11.84 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario ¥8.48, optimistic scenario ¥15.18. It is a calculation from audited fundamentals, not an analyst target.

What is the Anhui Estone Materials Technology Co Ltd stock forecast for 2026?

Our models put fair value at ¥11.84, about −59% upside versus a price of ¥29.15 (overvalued). Cautious scenario ¥8.48, optimistic scenario ¥15.18. The calculation is refreshed regularly with new filings.

What is the revenue of Anhui Estone Materials Technology Co Ltd (688733)?

Anhui Estone Materials Technology Co Ltd reported trailing-twelve-month revenue of about 696M CNY (latest available figure, as of Sep 23, 2026).

Does Anhui Estone Materials Technology Co Ltd pay a dividend?

Anhui Estone Materials Technology Co Ltd currently shows a dividend yield of about 0.34% relative to its recent price (as of Sep 23, 2026).

What is the intrinsic value of Anhui Estone Materials Technology Co Ltd (688733)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Anhui Estone Materials Technology Co Ltd it is ¥11.84 per share (as of Sep 23, 2026), against a price of ¥29.15. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).

Is Anhui Estone Materials Technology Co Ltd stock overvalued or undervalued in 2026?

As of Sep 23, 2026, 688733 trades above its calculated fair value: price ¥29.15, fair value ¥11.84, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.

Is fair value the same as the market price of 688733?

No. The price is what the market pays today (¥29.15); the fair value is what the company's own numbers justify (¥11.84). For Anhui Estone Materials Technology Co Ltd the two are ¥17.31 per share apart. That gap is exactly why we show both numbers side by side.

How much is Anhui Estone Materials Technology Co Ltd worth?

The market values Anhui Estone Materials Technology Co Ltd at about 5.9B CNY (market capitalisation, as of Sep 23, 2026). Per share that is ¥29.15; our models calculate a fair value of ¥11.84 per share.

What do the bullish and bearish scenarios say about 688733?

Our models span a range for Anhui Estone Materials Technology Co Ltd: cautious scenario ¥8.48, base ¥11.84, optimistic ¥15.18 per share (as of Sep 23, 2026, price ¥29.15). The range comes from different growth and margin assumptions, not from analyst opinions.

How solid is the balance sheet of Anhui Estone Materials Technology Co Ltd (688733)?

Balance-sheet figures for Anhui Estone Materials Technology Co Ltd (as of Sep 23, 2026): return on equity −0.3%, debt of 0.31 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.

How far is 688733 from its 52-week high?

Anhui Estone Materials Technology Co Ltd trades at ¥29.15, about 37% below its 52-week high of ¥46.20 and 21% above the low of ¥24.09 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥11.84 is for.

Which stocks are comparable to Anhui Estone Materials Technology Co Ltd?

From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.

Is Anhui Estone Materials Technology Co Ltd stock attractive at the current price?

The data as of Sep 23, 2026: price ¥29.15, calculated fair value ¥11.84 (−59%), Quality Score 48/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.

How is the fair value of 688733 calculated?

We run Anhui Estone Materials Technology Co Ltd through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥11.84, with the spread shown as a cautious and an optimistic scenario.

Is it still worth investing in stocks now?

The global stock market currently sits 13.2 % above its aggregate fair value. Anhui Estone Materials Technology Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.

What is the share price of Anhui Estone Materials Technology Co Ltd (688733)?

The closing price on Sep 24, 2026 was ¥29.15. Our model-based fair value is ¥11.84, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Anhui Estone Materials Technology Co Ltd right now?

The price sits above even our optimistic bull case (¥15.18). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Anhui Estone Materials Technology Co Ltd

How large is the market capitalisation of Anhui Estone Materials Technology Co Ltd (688733)?

The market capitalisation of Anhui Estone Materials Technology Co Ltd is 5.9B CNY (≈ $873M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.

What is the P/S ratio of Anhui Estone Materials Technology Co Ltd (688733)?

The price-to-sales ratio of Anhui Estone Materials Technology Co Ltd is 8.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.

What are the earnings per share of Anhui Estone Materials Technology Co Ltd (688733)?

Earnings per share at Anhui Estone Materials Technology Co Ltd are ¥−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.

What is the dividend yield of Anhui Estone Materials Technology Co Ltd (688733)?

The dividend yield of Anhui Estone Materials Technology Co Ltd is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.

What is the net margin of Anhui Estone Materials Technology Co Ltd (688733)?

The net margin of Anhui Estone Materials Technology Co Ltd is −3.5% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.

What is the return on equity of Anhui Estone Materials Technology Co Ltd (688733)?

The return on equity (ROE) of Anhui Estone Materials Technology Co Ltd is −0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.

What is the EBIT return on assets of Anhui Estone Materials Technology Co Ltd (688733)?

On an EBIT basis the return on assets of Anhui Estone Materials Technology Co Ltd is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.

What is the operating margin of Anhui Estone Materials Technology Co Ltd (688733)?

The operating margin of Anhui Estone Materials Technology Co Ltd is 1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Anhui Estone Materials Technology Co Ltd (688733)?

Revenue at Anhui Estone Materials Technology Co Ltd is growing +54.7% versus a year earlier (3y avg +1.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.

How fast are earnings growing at Anhui Estone Materials Technology Co Ltd (688733)?

Earnings per share at Anhui Estone Materials Technology Co Ltd are growing −51.0% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Anhui Estone Materials Technology Co Ltd (688733) generate?

The free cash flow of Anhui Estone Materials Technology Co Ltd is −350M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.

How much net debt does Anhui Estone Materials Technology Co Ltd (688733) carry?

The net debt of Anhui Estone Materials Technology Co Ltd is 154M CNY (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.

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