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Kangxin New Materials Co Ltd (600076) Fair Value & Analysis

Basic Materials · CN · Market cap 4.1B CNY (≈ $612M) · ISIN CNE000000QB0

What is Kangxin New Materials Co Ltd really worth?

KN Kangxin New Materials Co Ltd 600076 · SHG
Price¥3.17
Fair Value¥1.34
Upside−57.7%
Quality37/100

Below-average quality, and trading another 137% above our fair value of ¥1.34.

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Risks

!Weak Growth (revenue 5y −18.1 %/yr)
!Loss-making · -110.4% net margin
!Low debt · negative free cash flow
!Trails peers (1/11)
!Narrow moat 5/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 21 out of 100
Evidence: Low Range ¥0.6600 – ¥2.06

Fair value as of: Aug 21, 2026

From 3 valuation models · updated 15 days ago

Fair value updated Aug 21, 2026, revised from ¥0.6700 to ¥1.34 (+100.0%) since Aug 13, 2026. Share price +3.9% 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 above even our optimistic bull case (¥2.06). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (¥0.6600 to ¥2.06). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

¥5.03 ¥1.26 Fair Value ¥1.34 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range ¥1.26 – ¥5.03 · fair‑value band ¥0.6600 – ¥2.06 · the ¥3.17 price screens above the ¥1.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

Kangxin New Materials Co Ltd (600076) currently trades at ¥3.17, while our model-based Fair Value estimate is ¥1.34, implying the stock looks roughly 136.6% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bull case: the Asset-Based group reads highest at a median of ¥1.80 per share, and 0 of the 3 models we run sit above the ¥3.17 price. Bear case: the Dividend Discount group reads lowest at ¥0.5500, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at 354M CNY. Revenue declined 39.4% year over year. It earns a return on equity of −10.2%. Net debt stands at 809M CNY. Fundamentals as of Aug 21, 2026

Our scenario range runs from ¥0.6600 (bear case) to ¥2.06 (bull case); at ¥3.17, the current price sits above 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 33% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −33% fair-value upside, at −58%, 600076 screens richer than that median.

Fair Value models

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
DDM Multi-Stage ¥0.3200 ¥0.5500 ¥0.6800 65
Gordon GGM ¥0.3200 ¥0.6400 ¥0.9700 64
NCAV (Graham) ¥1.34 ¥1.80 ¥2.69 54
All 3 models by family
Dividend Discount
Gordon GGM ¥0.3200 ¥0.6400 ¥0.9700 64
DDM Multi-Stage ¥0.3200 ¥0.5500 ¥0.6800 65
Asset-Based
NCAV (Graham) ¥1.34 ¥1.80 ¥2.69 54

Widest divergence: Asset-Based (¥1.80) versus Dividend Discount (¥0.5500). Highest evidence: DDM Multi-Stage (65).

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Key figures & financial health

P/S ratio 13.2 TTM
EPS (TTM) ¥−0.3000
Dividend yield 1.1%
Net margin −102% FY2025
Return on equity −10.2% TTM
Return on assets (EBIT) −2.5% avg 5y
More key figures
Profitability
Operating margin −75.9% TTM
Growth
Revenue (TTM) 354M CNY TTM
Revenue growth (YoY) −39.4% 3y avg −6.7%
EPS growth (YoY) −11.1%
Balance sheet & cash flow
Free cash flow −122M CNY FY2025
Net debt 809M CNY FY2025

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 36 · Market factors (momentum, volatility) 41

Profitability 0
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 41
Distance to the 52-week high (market factor)
Net Issuance 81
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

Kangxin New Materials Co., Ltd engages in the research and development, design, production, construction, and sale of wooden structure buildings in China.

Full company description

Kangxin New Materials Co., Ltd engages in the research and development, design, production, construction, and sale of wooden structure buildings in China. The company offers container flooring products, including bamboo-wood composite, bamboo mat coated COSB, wear-resistant surface COSB, coated COSB, bamboo-wood composite COSB, and solid wood multi-layer container flooring products; and forestry economic services, such as carbon sink, understory planting, and forest health care services. It is also involved in the processing of wood and sale of forestry products, as well as civilian OSB board operations. Kangxin New Materials Co., Ltd was founded in 1993 and is headquartered in Xiaogan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kangxin New Materials Co Ltd reported revenue of 377M CNY in FY2025 versus 1.3B CNY in FY2021, a compound −26.4%/yr. Reported net income was −385M CNY in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
377M CNY
Latest YoY
−37.4%
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.
−6.7%
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.
−18.1%
Avg. revenue growth/yr (31Y) 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.
+0.7%
Value creation/yr 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
Revenue −26.4%/yr
FY21 1.3B CNY
FY22 464M CNY
FY23 246M CNY
FY24 602M CNY
FY25 377M CNY
Net income
FY21 30.5M CNY
FY22 −192M CNY
FY23 −297M CNY
FY24 −334M CNY
FY25 −385M CNY

600076 screens 137% overvalued. Compare with Simpson Manufacturing Co →

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Cite: Fair Value Calculator (2026). "Kangxin New Materials Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600076

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.

Quality Score 37 · Below median
Fair Value upside −58% · Bottom 25%
Return on assets −2% · Below median
Net margin (TTM) −110% · Bottom 25%
Operating margin (TTM) −77% · Bottom 25%
Revenue growth −39% · Bottom 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.27× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 1.73× · Pricier than 75% of peers

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
VALUE0 · sector 5
FUTURE0 · sector 0
PAST0 · sector 4
HEALTH87 · sector 92
DIVIDEND21 · sector 46

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

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Aug 21, 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%
DeHua TB New Decoration Material Co 002043 ¥12.58 ¥14.78 +17%
Canfor Corporation CFP C$14.77 C$4.54 −69%
Interfor Corporation IFP C$13.69 C$6.43 −53%
Yunnan Jinggu Forestry Co 600265 ¥24.67 ¥2.52 −90%

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Frequently asked questions

Is Kangxin New Materials Co Ltd (600076) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of ¥1.34 versus a price of ¥3.17, about −58% upside (overvalued).
What is the fair value of 600076?
Our model-based fair value for Kangxin New Materials Co Ltd is ¥1.34 (as of Aug 21, 2026), built from audited fundamentals. The current price: ¥3.17.
What is the quality score of 600076?
Kangxin New Materials Co Ltd has a Quality Score of 37/100. 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 Kangxin New Materials Co Ltd (600076)?
Kangxin New Materials Co Ltd reported trailing-twelve-month revenue of about 354M CNY (latest available figure, as of Aug 21, 2026).
What is the net profit margin of 600076?
The net profit margin of Kangxin New Materials Co Ltd is about −110.4%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Kangxin New Materials Co Ltd pay a dividend?
Kangxin New Materials Co Ltd currently shows a dividend yield of about 1.06% relative to its recent price (as of Aug 21, 2026).
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