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

Basic Materials · CN · Market cap 23.1B CNY (≈ $3.5B) · ISIN CNE100000HX2

What is Zhejiang JIULI Hi-tech Metals Co Ltd really worth?

ZJ Zhejiang JIULI Hi-tech Metals Co Ltd 002318 · SHE
Price¥19.78
Fair Value¥25.12
Upside+27.0%
Quality64/100

A solid business, trading 21% below our fair value of ¥25.12.

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Strengths

Healthy Growth (revenue 5y +19.5 %/yr)
Solidly profitable · 13.5% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)

Risks

!Moderate moat 55/100

For context

·5.06% dividend yield
Evidence: High Range ¥18.44 – ¥33.22

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from ¥25.51 to ¥25.12 (−1.5%) since Jul 22, 2026. Share price −4.2% over the past month.

What runs behind every stock

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

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.

Price vs Fair Value (5 years)

¥34.13 ¥9.11 Fair Value ¥25.12 Mar 2021 Sep 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 ¥19.78 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 Ltd (002318) currently trades at ¥19.78, while our model-based Fair Value estimate is ¥25.12, implying the stock looks roughly 21.3% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥29.20 per share, and 20 of the 26 models we run sit above the ¥19.78 price. Bear case: the Asset-Based group reads lowest at ¥5.90, and 6 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Zhejiang JIULI Hi-tech Metals Co Ltd 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 ¥19.78, 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 43% 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 27%, 002318 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 ¥0.3993 per share, which is 1.6 % 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.

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
FCF DCF ¥18.04 ¥31.90 ¥56.78 77
Growth DCF ¥17.83 ¥30.29 ¥51.89 76
5Y EBITDA Exit ¥17.16 ¥29.20 ¥44.52 74
All 26 models by family
DCF Models
FCF DCF ¥18.04 ¥31.90 ¥56.78 77
Owner Earnings ¥18.11 ¥32.04 ¥57.04 73
5Y Revenue Exit ¥16.08 ¥26.93 ¥41.85 71
5Y EBITDA Exit ¥17.16 ¥29.20 ¥44.52 74
5Y P/E Exit ¥19.79 ¥34.76 ¥52.25 69
10Y Revenue Exit ¥16.15 ¥26.80 ¥43.57 65
10Y EBITDA Exit ¥17.33 ¥28.49 ¥45.86 67
10Y P/E Exit ¥19.09 ¥32.62 ¥52.47 62
Earnings-Based
Graham-Dodd ¥10.50 ¥52.65 ¥72.67 64
Lynch FV ¥14.25 ¥20.36 ¥26.47 61
PEG = 1.0 ¥14.25 ¥20.36 ¥26.47 57
EPV ¥15.40 ¥17.59 ¥19.51 74
Dividend Discount
Gordon GGM ¥8.76 ¥18.21 ¥28.89 66
DDM Multi-Stage ¥8.76 ¥15.36 ¥19.11 66
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 66
EV/EBITDA ¥17.83 ¥23.02 ¥28.21 67
EV/Revenue ¥15.22 ¥20.77 ¥26.32 54
Asset-Based
NCAV (Graham) ¥4.41 ¥5.90 ¥8.81 54
Growth DCF
Growth DCF ¥17.83 ¥30.29 ¥51.89 76
Rev-Margin DCF ¥16.08 ¥26.62 ¥40.57 71
Economic Profit
Residual Income ¥9.99 ¥12.47 ¥31.23 69
ROIC Compounder ¥17.42 ¥22.95 ¥30.22 72
Growth Earnings
Growth-Adj P/E ¥19.55 ¥27.93 ¥36.31 67

Widest divergence: DCF Models (¥29.20) versus Asset-Based (¥5.90). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 12.4
P/S ratio 1.56 P/E × margin
EPS (TTM) ¥1.59 price ÷ EPS = P/E 12.4
Dividend yield 5.1% payout 62.9%
Net margin 12.5% FY2025
Return on equity 17.2% TTM
More key figures
Profitability
Return on assets (EBIT) 12.7% avg 5y
Operating margin 13.5% TTM
Growth
Revenue (TTM) 11.2B CNY TTM
Revenue growth (YoY) −29.8% 3y avg +22.6%
Balance sheet & cash flow
Free cash flow 1.2B CNY FY2025
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) 32

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 16
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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.

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

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 Ltd reported revenue of 12.1B CNY in FY2025 versus 6.0B CNY in FY2021, a compound +19.2%/yr. Reported net income was 1.5B CNY 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. revenue 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. revenue 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. revenue 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+19.2% (14.1 + 5.1)
Revenue +19.2%/yr
FY21 6.0B CNY
FY22 6.5B CNY
FY23 8.6B CNY
FY24 10.9B CNY
FY25 12.1B CNY
Net income +17.4%/yr
FY21 794M CNY
FY22 1.3B CNY
FY23 1.5B CNY
FY24 1.5B CNY
FY25 1.5B CNY
Character of growth · EPS growth decomposed (2013-2024) +23.4 % p.a.
Revenue per share +10.9 %

of which total revenue +13.3 % · buybacks/dilution −2.1 %

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

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

Peer Group

Steel · 398 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 +27% · 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) 5.1% · Top 25%

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 12.4× · 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 75% of peers
EV/EBITDA 12.2× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE69 · sector 12
FUTURE0 · sector 2
PAST69 · sector 16
HEALTH100 · sector 95
DIVIDEND100 · sector 49

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

Stock Price Fair Value vs Fair Value
Nucor Corporation NUE $250.50 $116.05 −54%
ArcelorMittal S.A MT €64.60 €46.04 −29%
JSW Steel Limited JSWSTEEL ₹1,296 ₹1,119 −14%
Steel Dynamics, Inc STLD $234.67 $127.14 −46%
500228 500228 ₹1,292 ₹1,079 −16%
Tata Steel Limited TATASTEEL ₹186.80 ₹145.39 −22%
Reliance, Inc RS $387.59 $217.81 −44%
Baoshan Iron & Steel Co 600019 ¥5.91 ¥8.07 +37%
POSCO Holdings PKX $63.13 $85.21 +35%
Jindal Steel & Power Limited JINDALSTEL ₹1,114 ₹429.44 −61%

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Frequently asked questions

Is Zhejiang JIULI Hi-tech Metals Co Ltd (002318) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥25.12 versus a price of ¥19.78, about +27% upside (undervalued).
What is the fair value of 002318?
Our model-based fair value for Zhejiang JIULI Hi-tech Metals Co Ltd is ¥25.12 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥19.78.
What is the quality score of 002318?
Zhejiang JIULI Hi-tech Metals Co Ltd 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 Ltd (002318)?
Zhejiang JIULI Hi-tech Metals Co Ltd 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 Ltd 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 Ltd pay a dividend?
Zhejiang JIULI Hi-tech Metals Co Ltd currently shows a dividend yield of about 5.06% relative to its recent price (as of Aug 13, 2026).
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