Dehua TB New Decoration Material Co Ltd (002043) Fair Value & Analysis
Basic Materials · CN · Market cap 10.2B CNY (≈ $1.5B) · ISIN CNE000001LT1
What is Dehua TB New Decoration Material Co Ltd really worth?
A solid business, trading 14% below our fair value of ¥14.78.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price −1.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits in the lower half of our model range, the side with the larger margin of safety.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
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 ¥6.02 – ¥17.11 · fair‑value band ¥11.09 – ¥18.48 · the ¥12.73 price screens below the ¥14.78 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Dehua TB New Decoration Material Co Ltd (002043) currently trades at ¥12.73, while our model-based Fair Value estimate is ¥14.78, implying the stock looks roughly 13.9% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bull case: the Growth DCF group reads highest at a median of ¥21.46 per share, and 18 of the 26 models we run sit above the ¥12.73 price. Bear case: the Asset-Based group reads lowest at ¥2.68, and 8 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Dehua TB New Decoration Material Co Ltd generated revenue of 9.3B CNY at a net margin of 8.1%. Revenue grew 32.7% year over year. It earns a return on equity of 22.2%. The balance sheet holds a net cash position of 2.2B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥11.09 (bear case) to ¥18.48 (bull case); at ¥12.73, 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 28% below its 52-week high and 42% 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 16%, 002043 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3452 per share, which is 2.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth DCF (¥21.46) versus Asset-Based (¥2.68). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 51
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
DeHua TB New Decoration Material Co.,Ltd produces and sells environmentally friendly furniture panels in China and internationally. It offers veneers, particleboard products; wood flooring; and engineered wood products.
Full company description
DeHua TB New Decoration Material Co.,Ltd produces and sells environmentally friendly furniture panels in China and internationally. It offers veneers, particleboard products; wood flooring; and engineered wood products. The company offers decorative panels, technical wood, flooring, adhesives, logs, wooden doors, cabinets, wardrobes and other integrated furniture, furniture panels, basic panels and other main materials and gypsum boards, technical veneers, decorative paper, edge banding, hardware and adhesives and other supporting auxiliary material. DeHua TB New Decoration Material Co.,Ltd was founded in 1992 and is based in Deqing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Dehua TB New Decoration Material Co Ltd reported revenue of 8.9B CNY in FY2025 versus 9.4B CNY in FY2021, a compound −1.5%/yr. Reported net income was 722M CNY in FY2025, compounding +0.3%/yr from FY2021.
of which total revenue +18.8 % · buybacks/dilution −1.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Lumber & Wood Production · 77 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 Lumber & Wood Production median · lower = cheaper
Strength profile in five axes (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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Simpson Manufacturing Co SSD | $182.07 | $145.26 | −20% |
| West Fraser Timber Co WFG | C$92.39 | C$33.38 | −64% |
| UFP Industries, Inc UFPI | $88.29 | $107.07 | +21% |
| Stella-Jones Inc SJ | C$75.22 | C$92.56 | +23% |
| Boise Cascade Company BCC | $77.12 | $51.39 | −33% |
| Century Plyboards (India) Limited CENTURYPLY | ₹751.05 | ₹201.01 | −73% |
| Canfor Corporation CFP | C$14.77 | C$4.54 | −69% |
| Interfor Corporation IFP | C$13.69 | C$6.43 | −53% |
| Kangxin New Materials Co 600076 | ¥3.11 | ¥0.6700 | −78% |
| Yunnan Jinggu Forestry Co 600265 | ¥24.67 | ¥2.52 | −90% |
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