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Zhejiang Juhua Co Ltd (600160) Fair Value & Analysis

Basic Materials · CN · Market cap 115B CNY (≈ $17.2B) · ISIN CNE000000WQ6

What is Zhejiang Juhua Co Ltd really worth?

ZJ Zhejiang Juhua Co Ltd 600160 · SHG
Price¥37.92
Fair Value¥21.62
Upside−43.0%
Quality61/100

A solid business, but trading 75% above our fair value of ¥21.62.

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Strengths

Solidly profitable · 15.3% net margin
Low debt · generates free cash flow
Wide moat 72/100

Risks

!Expensive Growth (revenue 5y +11.0 %/yr)
!Mixed vs. peers (6/15)
!Weak on future: 19 out of 100

For context

·1.48% dividend yield
Evidence: High Range ¥11.30 – ¥29.78

Fair value as of: Aug 13, 2026

From 25 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from ¥23.35 to ¥21.62 (−7.4%) since Jul 14, 2026. Share price −12.0% 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 (¥29.78). The favourable scenario is already priced in.
  • The model range is unusually wide (¥11.30 to ¥29.78). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

¥55.85 ¥8.14 Fair Value ¥21.62 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 ¥8.14 – ¥55.85 · fair‑value band ¥11.30 – ¥29.78 · the ¥37.92 price screens above the ¥21.62 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 Juhua Co Ltd (600160) currently trades at ¥37.92, while our model-based Fair Value estimate is ¥21.62, implying the stock looks roughly 75.4% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of ¥23.35 per share, and 1 of the 25 models we run sit above the ¥37.92 price. Bear case: the Dividend Discount group reads lowest at ¥4.39, and 24 of the 25 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Zhejiang Juhua Co Ltd generated revenue of 27.2B CNY at a net margin of 15.3%. Revenue grew 3.7% year over year. It earns a return on equity of 21.1%. Net debt stands at 12.8M CNY. Fundamentals as of Aug 13, 2026

Our scenario range runs from ¥11.30 (bear case) to ¥29.78 (bull case); at ¥37.92, 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 14% below its 52-week high and 45% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −31% fair-value upside, at −43%, 600160 screens richer 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 ¥0.6659 per share, which is 3.1 % 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 best evidence ¥3.38 ¥5.79 ¥9.96 78
Growth DCF ¥3.36 ¥5.59 ¥9.35 76
EPV ¥17.91 ¥20.84 ¥23.41 74
All 25 models by family
DCF Models
FCF DCF best evidence ¥3.38 ¥5.79 ¥9.96 78
5Y Revenue Exit ¥8.32 ¥15.85 ¥26.28 70
5Y EBITDA Exit ¥13.51 ¥26.49 ¥43.01 73
5Y P/E Exit ¥12.45 ¥24.30 ¥37.99 69
10Y Revenue Exit ¥6.26 ¥12.87 ¥23.33 63
10Y EBITDA Exit ¥10.05 ¥20.63 ¥37.24 65
10Y P/E Exit ¥9.35 ¥19.04 ¥33.07 61
Earnings-Based
Graham-Dodd ¥9.53 ¥43.22 ¥59.27 64
Lynch FV ¥11.30 ¥16.14 ¥20.99 61
PEG = 1.0 ¥11.30 ¥16.14 ¥20.99 57
EPV ¥17.91 ¥20.84 ¥23.41 74
Dividend Discount
Gordon GGM ¥2.50 ¥5.21 ¥8.26 66
DDM Multi-Stage ¥2.50 ¥4.39 ¥5.46 66
Multiples
P/E Multiple ¥17.87 ¥23.82 ¥29.78 63
P/S Multiple ¥11.25 ¥15.00 ¥18.75 58
P/B Multiple ¥17.03 ¥22.71 ¥28.38 55
EV/EBIT ¥21.87 ¥29.05 ¥36.24 66
EV/EBITDA ¥19.90 ¥26.42 ¥32.95 67
EV/Revenue ¥10.82 ¥15.32 ¥19.82 54
Asset-Based
NCAV (Graham) ¥3.78 ¥5.07 ¥7.57 54
Growth DCF
Growth DCF ¥3.36 ¥5.59 ¥9.35 76
Rev-Margin DCF ¥8.32 ¥15.52 ¥24.73 71
Economic Profit
Residual Income ¥9.29 ¥12.55 ¥51.10 64
ROIC Compounder ¥20.20 ¥26.69 ¥34.86 72
Growth Earnings
Growth-Adj P/E ¥16.34 ¥23.35 ¥30.35 67

Widest divergence: Growth Earnings (¥23.35) versus Dividend Discount (¥4.39). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 24.6
P/S ratio 3.45 P/E × margin
EPS (TTM) ¥1.54 price ÷ EPS = P/E 24.6
Dividend yield 1.5% payout 36.4%
Net margin 14.0% FY2025
Return on equity 21.1% TTM
More key figures
Profitability
Return on assets (EBIT) 9.3% avg 5y
Operating margin 26.5% TTM
Growth
Revenue (TTM) 27.2B CNY TTM
Revenue growth (YoY) +3.7% 3y avg +7.9%
EPS growth (YoY) +45.6%
Balance sheet & cash flow
Free cash flow 645M CNY FY2025
Net debt 12.8M CNY FY2025 · ≈ 0.0 yrs of FCF

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

Quality Score breakdown

Overall quality 61/100

Of which business quality 60 · Market factors (momentum, volatility) 52

Profitability 56
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 19
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 82
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 Juhua Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical raw materials and products in China, the United Arab Emirates, and Hong Kong.

Full company description

Zhejiang Juhua Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of chemical raw materials and products in China, the United Arab Emirates, and Hong Kong. The company offers fluorochemical raw materials, refrigerants, fluoropolymer materials, fluorinated fine chemicals, food packaging materials, petrochemical materials, and basic chemicals. It is also involved in the sale of gas cylinders; gas cylinder inspection; provision of related technical services; consulting; technology transfer; trading; and engineering installation. The company's products are used national defense, aerospace, electronics and information technology, environmental protection, new energy, electrical engineering, electrical appliances, chemicals, machinery, instrumentation, construction, textiles, metal surface treatment, pharmaceuticals, medical devices, food, and metallurgy industries. It exports its products. The company was founded in 1998 and is headquartered in Quzhou, China. Zhejiang Juhua Co., Ltd. operates as a subsidiary of Juhua Group Co., Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhejiang Juhua Co Ltd reported revenue of 27.0B CNY in FY2025 versus 18.0B CNY in FY2021, a compound +10.7%/yr. Reported net income was 3.8B CNY in FY2025, compounding +35.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
27.0B CNY
Latest YoY
+10.3%
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.
+7.9%
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.
+11.0%
Avg. revenue growth/yr (30Y) 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.
+11.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+35.0% (33.5 + 1.5)
Revenue +10.7%/yr
FY21 18.0B CNY
FY22 21.5B CNY
FY23 20.7B CNY
FY24 24.5B CNY
FY25 27.0B CNY
Net income +35.9%/yr
FY21 1.1B CNY
FY22 2.4B CNY
FY23 944M CNY
FY24 2.0B CNY
FY25 3.8B CNY
Character of growth · EPS growth decomposed (2013-2024) +24.8 % p.a.
Revenue per share +7.1 %

of which total revenue +9.7 % · buybacks/dilution −2.4 %

EBIT margin +17.4 %
Tax rate +1.4 %
Residual (interest, one-offs) −2.0 %

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).

600160 screens 75% overvalued. Compare with Saudi Basic Industries Corporation →

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Cite: Fair Value Calculator (2026). "Zhejiang Juhua Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600160

Peer Group

Chemicals · 339 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 61 · Above median
Fair Value upside −43% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 4% · Below median
Dividend yield (TTM) 1.5% · Below median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 24.6× · Cheaper than median
P/B 5.65× · Pricier than 75% of peers
P/S (TTM) 4.24× · Pricier than 75% of peers
P/FCF 26.7× · Pricier than 75% of peers
EV/EBITDA 15.5× · Pricier than median
PEG 0.65× · Cheaper 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
VALUE0 · sector 0
FUTURE19 · sector 22
PAST84 · sector 20
HEALTH89 · sector 94
DIVIDEND30 · sector 32

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

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Ningxia Baofeng Energy Group 600989 ¥24.49 ¥20.17 −18%
Dow Inc DOW $30.51 $21.03 −31%
Rongsheng Petrochemical Co 002493 ¥13.76 ¥2.39 −83%
Zangge Mining Company 000408 ¥78.04 ¥20.99 −73%
Ganfeng Lithium Group 002460 ¥52.53 ¥16.17 −69%
PT Barito Pacific Tbk, BRPT 1,855 IDR 1,584 IDR −15%
Hengli Petrochemical Co 600346 ¥18.87 ¥17.09 −9%
LG Chem, Ltd 051910 263,000 KRW 587,755 KRW +123%

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Frequently asked questions

Is Zhejiang Juhua Co Ltd (600160) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥21.62 versus a price of ¥37.92, about −43% upside (overvalued).
What is the fair value of 600160?
Our model-based fair value for Zhejiang Juhua Co Ltd is ¥21.62 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥37.92.
What is the quality score of 600160?
Zhejiang Juhua Co Ltd has a Quality Score of 61/100. 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 Juhua Co Ltd (600160)?
Zhejiang Juhua Co Ltd reported trailing-twelve-month revenue of about 27.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 600160?
The net profit margin of Zhejiang Juhua Co Ltd is about 15.3%, meaning it keeps roughly 15.3% of revenue as net income. Based on the latest reported figures.
Does Zhejiang Juhua Co Ltd pay a dividend?
Zhejiang Juhua Co Ltd currently shows a dividend yield of about 1.48% relative to its recent price (as of Aug 13, 2026).
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