NBTM New Materials Group Co Ltd (600114) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 18.3B CNY (≈ $2.7B) · ISIN CNE000001HK8
What is NBTM New Materials Group Co Ltd really worth?
A solid business, but trading 225% above our fair value of ¥8.89.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 22 days ago
Share price −0.6% 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 (¥13.87). The favourable scenario is already priced in.
- The model range is unusually wide (¥4.28 to ¥13.87). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
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 ¥5.63 – ¥43.85 · fair‑value band ¥4.28 – ¥13.87 · the ¥28.88 price screens above the ¥8.89 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
NBTM New Materials Group Co Ltd (600114) currently trades at ¥28.88, while our model-based Fair Value estimate is ¥8.89, implying the stock looks roughly 224.9% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of ¥13.04 per share, and 0 of the 26 models we run sit above the ¥28.88 price. Bear case: the Growth DCF group reads lowest at ¥1.87, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, NBTM New Materials Group Co Ltd generated revenue of 6.1B CNY at a net margin of 9.0%. Revenue grew 5.3% year over year. It earns a return on equity of 18.5%. Net debt stands at 2.1B CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥4.28 (bear case) to ¥13.87 (bull case); at ¥28.88, 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 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −38% fair-value upside, at −69%, 600114 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2024 figures, and about 12 months have passed since. In that time the company retained roughly ¥0.6100 per share, which is 6.9 % 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 Earnings (¥13.04) versus Growth DCF (¥1.87). Highest evidence: FCF DCF (77).
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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 55 · Market factors (momentum, volatility) 32
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
NBTM New Materials Group Co., Ltd. produces and sells powder metallurgy mechanical parts worldwide. The company provides soft magnetic composite materials and metal injection molding products. It serves automobile, consumer electronic, soft magnetic, and other industries. The company was formerly known as Ningbo Tongmuo new materials Group Co., Ltd.
Full company description
NBTM New Materials Group Co., Ltd. produces and sells powder metallurgy mechanical parts worldwide. The company provides soft magnetic composite materials and metal injection molding products. It serves automobile, consumer electronic, soft magnetic, and other industries. The company was formerly known as Ningbo Tongmuo new materials Group Co., Ltd. and changed its name to NBTM New Materials Group Co., Ltd. in March 2007. NBTM New Materials Group Co., Ltd. was founded in 1994 and is based in Ningbo, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2020 – FY2024 · reported fiscal years
NBTM New Materials Group Co Ltd reported revenue of 5.1B CNY in FY2024 versus 3.3B CNY in FY2020, a compound +11.9%/yr. Reported net income was 397M CNY in FY2024, compounding +45.9%/yr from FY2020.
of which total revenue +14.6 % · buybacks/dilution −1.9 %
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).
600114 screens 225% overvalued. Compare with O'Reilly Automotive, Inc →
Peer Group
Auto Parts · 640 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 Auto Parts 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.
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.
Similar stocks
10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| O'Reilly Automotive, Inc ORLY | $88.50 | $47.50 | −46% |
| AutoZone, Inc AZO | $2,932 | $2,287 | −22% |
| Hyundai Mobis Co 012330 | 450,500 KRW | 643,909 KRW | +43% |
| Fuyao Glass Industry Group 600660 | ¥57.67 | ¥84.47 | +46% |
| Samvardhana Motherson International Limited MOTHERSON | ₹165.30 | ₹80.63 | −51% |
| Magna International Inc MGA | $65.57 | $68.17 | +4% |
| Genuine Parts Company GPC | $137.51 | $58.07 | −58% |
| Bosch Limited BOSCHLTD | ₹48,700 | ₹11,534 | −76% |
| Ningbo Tuopu Group 601689 | ¥45.82 | ¥28.28 | −38% |
| Bharat Forge Limited BHARATFORG | ₹2,063 | ₹393.20 | −81% |
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