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CHINA SUNSINE CHEM HLDGS LTD (QES) Fair Value & Analysis

Basic Materials · SG · Market cap 648M SGD

CS CHINA SUNSINE CHEM HLDGS LTD QES · SG
Price0.6800 SGD
Fair Value1.44 SGD
Upside+111.8%
Quality65/100
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Mixed Growth
Solidly profitable · 12.4% net margin
Low debt · generates free cash flow
16.03% dividend yield
Ranks above peers (10/11)
Moderate moat 46/100
Evidence: High Range 1.15 SGD – 1.73 SGD Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 5 days ago

Share price +1.5% over the past month.

A solid business, screening 112% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (1.15 SGD). The market is more pessimistic than our downside scenario.
  • Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

0.7978 SGD 0.3140 SGD Fair Value 1.44 SGD May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 0.3140 SGD – 0.7978 SGD · fair‑value band 1.15 SGD – 1.73 SGD · the 0.6800 SGD price screens below the 1.44 SGD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

CHINA SUNSINE CHEM HLDGS LTD (QES) currently trades at 0.6800 SGD, while our model-based Fair Value estimate is 1.44 SGD, implying the stock looks roughly 111.8% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Basic Materials 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: high), always confirm before acting.

Over the trailing twelve months, CHINA SUNSINE CHEM HLDGS LTD generated revenue of 3.3B SGD at a net margin of 12.4%. Revenue declined 10.1% year over year. It earns a return on equity of 9.4%. The stock trades on a trailing P/E of 8.5. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.15 SGD (bear case) to 1.73 SGD (bull case); at 0.6800 SGD, the current price sits below 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 16% below its 52-week high and 29% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 112%, QES 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 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
Highest evidence
Growth DCF 5.91 SGD 6.86 SGD 8.10 SGD 80
Residual Income 3.76 SGD 4.01 SGD 4.46 SGD 76
Rev-Margin DCF 5.81 SGD 7.38 SGD 9.13 SGD 74
All 22 models by family
DCF Models
FCF DCF 5.83 SGD 6.85 SGD 8.25 SGD 38
Owner Earnings 5.14 SGD 5.95 SGD 7.07 SGD 31
5Y Revenue Exit 5.81 SGD 7.32 SGD 9.27 SGD 39
5Y EBITDA Exit 6.29 SGD 8.16 SGD 10.34 SGD 41
5Y P/E Exit 6.58 SGD 8.66 SGD 10.83 SGD 38
10Y Revenue Exit 5.71 SGD 6.95 SGD 8.41 SGD 36
10Y EBITDA Exit 6.06 SGD 7.46 SGD 9.09 SGD 37
10Y P/E Exit 6.23 SGD 7.77 SGD 9.40 SGD 35
Earnings-Based
Graham-Dodd 2.89 SGD 5.65 SGD 7.07 SGD 54
EPV 5.61 SGD 6.04 SGD 6.40 SGD 59
Multiples
P/E Multiple 5.42 SGD 7.22 SGD 9.03 SGD 63
P/S Multiple 3.87 SGD 5.16 SGD 6.45 SGD 58
P/B Multiple 5.42 SGD 7.22 SGD 9.03 SGD 55
EV/EBIT 7.60 SGD 9.33 SGD 11.05 SGD 53
EV/EBITDA 7.28 SGD 8.89 SGD 10.50 SGD 54
EV/Revenue 6.05 SGD 7.60 SGD 9.15 SGD 43
Asset-Based
NCAV (Graham) 2.33 SGD 3.12 SGD 4.65 SGD 50
Growth DCF
Growth DCF 5.91 SGD 6.86 SGD 8.10 SGD 80
Rev-Margin DCF 5.81 SGD 7.38 SGD 9.13 SGD 74
Economic Profit
Residual Income 3.76 SGD 4.01 SGD 4.46 SGD 76
ROIC Compounder 5.67 SGD 6.21 SGD 6.73 SGD 72
Growth Earnings
Growth-Adj P/E 3.95 SGD 5.64 SGD 7.33 SGD 68

Widest divergence: DCF Models (7.32 SGD) versus Asset-Based (3.12 SGD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.3B SGD
Revenue growth (YoY) -10.1%
Net margin 12.4%
Return on equity 9.4%
Free cash flow 376M SGD FY2025
P/E ratio 8.5
More key figures
Operating margin 10.8%
EPS (TTM) 0.0800 SGD
EPS growth (YoY) -30.9%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 66 · Market factors (momentum, volatility) 51

Profitability 45
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 40
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

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells specialty chemicals in the People's Republic of China, rest of Asia, America, Europe, and internationally. The company operates through Rubber Chemicals, Heating Power, and Waste Treatment segments.

Full company description

China Sunsine Chemical Holdings Ltd., an investment holding company, manufactures and sells specialty chemicals in the People's Republic of China, rest of Asia, America, Europe, and internationally. The company operates through Rubber Chemicals, Heating Power, and Waste Treatment segments. It offers rubber accelerators, anti-oxidant agents, anti-scorching agents, insoluble sulphur, and other rubber related products, such as tires, tubes, belts, shoes, rollers, cables, seals, latex products, and other light-color rubber products. The company provides its products under the Sunsine brand name. It is also involved in the production and supply of heating power; and waste treatment business. The company primarily serves the tire companies. China Sunsine Chemical Holdings Ltd. was founded in 1977 and is based in Singapore. China Sunsine Chemical Holdings Ltd. operates as a subsidiary of Success More Group Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CHINA SUNSINE CHEM HLDGS LTD reported revenue of 3.3B SGD in FY2025 versus 3.7B SGD in FY2021, a compound −3.2%/yr. Reported net income was 405M SGD in FY2025, compounding −5.4%/yr from FY2021.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.3B SGD
Latest YoY
−6.8%
Avg. growth/yr (3Y) 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.
−5.0%
Avg. growth/yr (5Y) 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.
+7.0%
Avg. growth/yr (10Y) 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.
+5.8%
Revenue −3.2%/yr
FY21 3.7B SGD
FY22 3.8B SGD
FY23 3.5B SGD
FY24 3.5B SGD
FY25 3.3B SGD
Net income −5.4%/yr
FY21 506M SGD
FY22 642M SGD
FY23 372M SGD
FY24 424M SGD
FY25 405M SGD

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Cite: Fair Value Calculator (2026). "CHINA SUNSINE CHEM HLDGS LTD Fair Value". https://www.fairvalue-calculator.com/stock/QES

Peer Group

Specialty Chemicals · 671 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 65 · Top 25%
Fair Value upside +112% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 11% · Above median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 16.0% · Top 25%

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 8.5× · Cheaper than 75% of peers
P/FCF 1.3× · Cheaper 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 100 · sector 0
FUTURE 0 · sector 19
PAST 37 · sector 23
HEALTH 100 · sector 95
DIVIDEND 100 · sector 32

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $479.43 $222.03 -54%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
Novozymes A/S NSISB kr 416.10 kr 170.02 -59%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,702 ₹351.84 -79%
PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹541.00 ₹156.35 -71%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
Himadri Speciality Chemical Limited HSCL ₹778.15 ₹248.63 -68%

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Frequently asked questions

Is CHINA SUNSINE CHEM HLDGS LTD (QES) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 1.44 SGD versus a price of 0.6800 SGD, about +112% (undervalued).
What is the fair value of QES?
Our model-based fair value for CHINA SUNSINE CHEM HLDGS LTD is 1.44 SGD (as of Aug 13, 2026), built from audited fundamentals. The current price is 0.6800 SGD.
What is the quality score of QES?
CHINA SUNSINE CHEM HLDGS LTD has a Quality Score of 65/100. 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 CHINA SUNSINE CHEM HLDGS LTD (QES)?
CHINA SUNSINE CHEM HLDGS LTD reported trailing-twelve-month revenue of about 3.3B SGD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of QES?
The net profit margin of CHINA SUNSINE CHEM HLDGS LTD is about 12.4%, meaning it keeps roughly 12.4% of revenue as net income. Based on the latest reported figures.

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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