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Zhejiang JIULI Hi-tech Metals Co (002318) Fair Value & Analysis

Basic Materials · CN · Market cap 23.1B CNY

ZJ Zhejiang JIULI Hi-tech Metals Co 002318 · SHE
Price¥19.53
Fair Value¥25.12
Upside+28.6%
Quality64/100
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Healthy Growth
Solidly profitable · 13.5% net margin
Low debt · generates free cash flow
4.26% dividend yield
Ranks above peers (9/14)
Moderate moat 55/100
Evidence: High Range ¥18.44 – ¥33.22 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from ¥25.51 to ¥25.12 (−1.5%) since Jul 22, 2026. Share price +3.8% over the past month.

A solid business, screening 29% undervalued on our models.

What matters now

  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥18.44 to ¥33.22) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥34.13 ¥9.11 Fair Value ¥25.12 Feb 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 ¥9.11 – ¥34.13 · fair‑value band ¥18.44 – ¥33.22 · the ¥19.53 price screens below the ¥25.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Zhejiang JIULI Hi-tech Metals Co (002318) currently trades at ¥19.53, while our model-based Fair Value estimate is ¥25.12, implying the stock looks roughly 28.6% undervalued today. The Quality Score stands at 64/100 (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, Zhejiang JIULI Hi-tech Metals Co generated revenue of 11.2B CNY at a net margin of 13.5%. Revenue declined 29.8% year over year. It earns a return on equity of 17.2%. The balance sheet holds a net cash position of 2.0B CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥18.44 (bear case) to ¥33.22 (bull case); at ¥19.53, 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -22% fair-value upside, at 29%, 002318 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 ¥17.83 ¥30.29 ¥51.89 80
Residual Income ¥9.99 ¥12.47 ¥31.23 76
Rev-Margin DCF ¥16.08 ¥26.62 ¥40.57 74
All 26 models by family
DCF Models
FCF DCF ¥18.04 ¥31.90 ¥56.78 38
Owner Earnings ¥18.11 ¥32.04 ¥57.04 31
5Y Revenue Exit ¥16.08 ¥26.93 ¥41.85 39
5Y EBITDA Exit ¥17.16 ¥29.20 ¥44.52 41
5Y P/E Exit ¥19.79 ¥34.76 ¥52.25 38
10Y Revenue Exit ¥16.15 ¥26.80 ¥43.57 36
10Y EBITDA Exit ¥17.33 ¥28.49 ¥45.86 37
10Y P/E Exit ¥19.09 ¥32.62 ¥52.47 35
Earnings-Based
Graham-Dodd ¥10.50 ¥52.65 ¥72.67 54
Lynch FV ¥14.25 ¥20.36 ¥26.47 50
PEG = 1.0 ¥14.25 ¥20.36 ¥26.47 46
EPV ¥15.40 ¥17.59 ¥19.51 59
Dividend Discount
Gordon GGM ¥8.76 ¥18.21 ¥28.89 70
DDM Multi-Stage ¥8.76 ¥15.36 ¥19.11 61
Multiples
P/E Multiple ¥19.69 ¥26.26 ¥32.82 63
P/S Multiple ¥13.88 ¥18.51 ¥23.14 58
P/B Multiple ¥19.69 ¥26.26 ¥32.82 55
EV/EBIT ¥19.88 ¥25.75 ¥31.62 53
EV/EBITDA ¥17.83 ¥23.02 ¥28.21 54
EV/Revenue ¥15.22 ¥20.77 ¥26.32 43
Asset-Based
NCAV (Graham) ¥4.41 ¥5.90 ¥8.81 50
Growth DCF
Growth DCF ¥17.83 ¥30.29 ¥51.89 80
Rev-Margin DCF ¥16.08 ¥26.62 ¥40.57 74
Economic Profit
Residual Income ¥9.99 ¥12.47 ¥31.23 76
ROIC Compounder ¥17.42 ¥22.95 ¥30.22 72
Growth Earnings
Growth-Adj P/E ¥19.55 ¥27.93 ¥36.31 68

Widest divergence: DCF Models (¥29.20) versus Asset-Based (¥5.90). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 11.2B CNY
Revenue growth (YoY) -29.8%
Net margin 13.5%
Return on equity 17.2%
Free cash flow 1.2B CNY FY2025
P/E ratio 12.3
More key figures
Operating margin 13.5%
EPS (TTM) ¥1.59
Dividend yield 4.3%
Net cash 2.0B CNY FY2024

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

Quality Score breakdown

Overall quality 64/100

Of which business quality 65 · Market factors (momentum, volatility) 28

Profitability 58
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 70
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

Zhejiang JIULI Hi-tech Metals Co., Ltd, together with its subsidiaries, researches, develops, manufactures, and sells industrial stainless steel and pipeline products in China and internationally.

Full company description

Zhejiang JIULI Hi-tech Metals Co., Ltd, together with its subsidiaries, researches, develops, manufactures, and sells industrial stainless steel and pipeline products in China and internationally. The company offers austenitic and super austenitic stainless steel pipes/tubes, super duplex stainless steel pipes and tubes, corrosion and high temperature resistant alloy pipes, bimetal composites pipes, ultra pure ferritic stainless steel pipes/tubes, titanium alloy tubes, non-standard pipe fittings, prefabricated parts, composite pipe fittings, flanges, forged pipe fittings, butt welding pipe fittings, corrosion resistant alloy bars, high temperature resistant alloy bars, special stainless steel bars, high-strength steel bars, precision alloys, and pure nickel. It is also involved in trade and wholesale; consulting; investment and asset management; and technical services. The company's products are used in thermal power energy, oil and gas, photovoltaic, solar, wind, transportation manufacturing, instrumentation, petrochemical, coal and fine chemical industries, ships, seawater desalination, biomedical, and food safety applications. It exports its products. The company was founded in 1987 and is headquartered in Huzhou, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang JIULI Hi-tech Metals Co reported revenue of ¥12.1B in FY2025 versus ¥6.0B in FY2021, a compound +19.2%/yr. Reported net income was ¥1.5B in FY2025, compounding +17.4%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
12.1B CNY
Latest YoY
+10.4%
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.
+22.6%
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.
+19.5%
Avg. growth/yr (19Y) 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.
+13.4%
Revenue +19.2%/yr
FY21 ¥6.0B
FY22 ¥6.5B
FY23 ¥8.6B
FY24 ¥10.9B
FY25 ¥12.1B
Net income +17.4%/yr
FY21 ¥794M
FY22 ¥1.3B
FY23 ¥1.5B
FY24 ¥1.5B
FY25 ¥1.5B
Character of growth · EPS growth decomposed (2013-2024) +23.4 % p.a.
Revenue per share +10.9 pp

of which total revenue +13.3 pp · buybacks/dilution −2.4 pp

EBIT margin +11.5 pp
Tax rate +0.4 pp
Residual (interest, one-offs) +0.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Zhejiang JIULI Hi-tech Metals Co Fair Value". https://www.fairvalue-calculator.com/stock/002318

Peer Group

Steel · 382 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 64 · Top 25%
Fair Value upside +29% · Above median
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 14% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth -30% · Bottom 25%
Dividend yield (TTM) 4.3% · Top 25%

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 12.3× · Cheaper than median
P/B 2.69× · Pricier than 75% of peers
P/S (TTM) 2.07× · Pricier than 75% of peers
P/FCF 3.0× · Pricier than median
EV/EBITDA 12.2× · 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 71 · sector 15
FUTURE 0 · sector 4
PAST 69 · sector 16
HEALTH 100 · sector 95
DIVIDEND 85 · sector 40

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 Steel stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
JSW Steel Limited JSWSTEEL ₹1,269 ₹1,140 -10%
Tata Steel Limited TATASTEEL ₹186.20 ₹145.39 -22%
China Steel Corporation 2002A 37.25 TWD 8.74 TWD -77%
POSCO Holdings 005490 325,000 KRW 155,270 KRW -52%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,838 ARS +16%
Jindal Steel Limited JINDALSTEL ₹1,112 ₹516.27 -54%
Lloyds Metals and Energy Limited LLOYDSME ₹1,894 ₹771.10 -59%
Gerdau S.A GGBN 83.50 MXN 39.22 MXN -53%
Ternium S.A TXR 17,780 ARS 27,472 ARS +55%
NMDC Limited NMDC ₹85.00 ₹112.98 +33%

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Frequently asked questions

Is Zhejiang JIULI Hi-tech Metals Co (002318) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥25.12 versus a price of ¥19.53, about +29% (undervalued).
What is the fair value of 002318?
Our model-based fair value for Zhejiang JIULI Hi-tech Metals Co is ¥25.12 (as of Aug 13, 2026), built from audited fundamentals. The current price is ¥19.53.
What is the quality score of 002318?
Zhejiang JIULI Hi-tech Metals Co has a Quality Score of 64/100. 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 Zhejiang JIULI Hi-tech Metals Co (002318)?
Zhejiang JIULI Hi-tech Metals Co reported trailing-twelve-month revenue of about 11.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 002318?
The net profit margin of Zhejiang JIULI Hi-tech Metals Co is about 13.5%, meaning it keeps roughly 13.5% of revenue as net income. Based on the latest reported figures.
Does Zhejiang JIULI Hi-tech Metals Co pay a dividend?
Zhejiang JIULI Hi-tech Metals Co currently shows a dividend yield of about 4.26% relative to its recent price (as of Aug 13, 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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