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China Jushi Co Ltd (600176) Fair Value & Analysis

Basic Materials · CN · Market cap 218B CNY (≈ $32.6B) · ISIN CNE000000YM1

What is China Jushi Co Ltd really worth?

CJ China Jushi Co Ltd 600176 · SHG
Price¥40.18
Fair Value¥13.22
Upside−67.1%
Quality73/100

A solid business, but trading 204% above our fair value of ¥13.22.

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Strengths

Solidly profitable · 19.4% net margin
Low debt · generates free cash flow
Wide moat 68/100

Risks

!Weak Growth (revenue 5y +10.0 %/yr)
!Mixed vs. peers (6/14)
!Weak on dividend: 18 out of 100

For context

·0.90% dividend yield
Evidence: High Range ¥8.51 – ¥16.53

Fair value as of: Aug 19, 2026

From 26 valuation models · updated 16 days ago

Share price +2.3% over the past month.

What runs behind every stock

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

What matters now

  • A high-quality business (quality 73/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (¥16.53). The favourable scenario is already priced in.
  • A fairly wide model range (¥8.51 to ¥16.53) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

¥74.12 ¥8.72 Fair Value ¥13.22 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ¥8.72 – ¥74.12 · fair‑value band ¥8.51 – ¥16.53 · the ¥40.18 price screens above the ¥13.22 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 19, 2026.

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Analysis

China Jushi Co Ltd (600176) currently trades at ¥40.18, while our model-based Fair Value estimate is ¥13.22, implying the stock looks roughly 204.0% overvalued today. The Quality Score stands at 73/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of ¥17.76 per share, and 0 of the 26 models we run sit above the ¥40.18 price. Bear case: the Asset-Based group reads lowest at ¥5.20, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, China Jushi Co Ltd generated revenue of 19.7B CNY at a net margin of 19.4%. Revenue grew 17.9% year over year. It earns a return on equity of 12.0%. Net debt stands at 12.4B CNY. Fundamentals as of Aug 19, 2026

Our scenario range runs from ¥8.51 (bear case) to ¥16.53 (bull case); at ¥40.18, 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 9% below its 52-week high and 267% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −56% fair-value upside, at −67%, 600176 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 ¥0.4077 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 ¥9.88 ¥20.04 ¥39.33 76
EPV ¥8.56 ¥10.20 ¥11.65 74
Growth DCF ¥9.74 ¥18.95 ¥36.08 74
All 26 models by family
DCF Models
FCF DCF best evidence ¥9.88 ¥20.04 ¥39.33 76
Owner Earnings ¥14.97 ¥29.99 ¥58.54 72
5Y Revenue Exit ¥5.91 ¥10.50 ¥16.72 71
5Y EBITDA Exit ¥11.00 ¥21.34 ¥34.66 73
5Y P/E Exit ¥9.32 ¥17.76 ¥27.66 69
10Y Revenue Exit ¥6.91 ¥11.86 ¥19.51 65
10Y EBITDA Exit ¥10.59 ¥20.14 ¥35.36 65
10Y P/E Exit ¥9.44 ¥17.41 ¥29.18 62
Earnings-Based
Graham-Dodd ¥5.58 ¥28.76 ¥39.76 64
Lynch FV ¥7.85 ¥11.22 ¥14.59 61
PEG = 1.0 ¥7.85 ¥11.22 ¥14.59 57
EPV ¥8.56 ¥10.20 ¥11.65 74
Dividend Discount
Gordon GGM ¥3.94 ¥8.61 ¥14.49 65
DDM Multi-Stage ¥3.94 ¥7.05 ¥8.97 66
Multiples
P/E Multiple ¥10.46 ¥13.95 ¥17.44 63
P/S Multiple ¥5.28 ¥7.04 ¥8.80 58
P/B Multiple ¥10.46 ¥13.95 ¥17.44 55
EV/EBIT ¥10.95 ¥14.84 ¥18.73 66
EV/EBITDA ¥12.29 ¥16.63 ¥20.97 67
EV/Revenue ¥4.20 ¥6.31 ¥8.42 53
Asset-Based
NCAV (Graham) ¥3.88 ¥5.20 ¥7.77 54
Growth DCF
Growth DCF ¥9.74 ¥18.95 ¥36.08 74
Rev-Margin DCF ¥5.91 ¥10.43 ¥16.48 71
Economic Profit
Residual Income ¥7.06 ¥8.03 ¥13.84 74
ROIC Compounder ¥9.05 ¥13.25 ¥17.48 71
Growth Earnings
Growth-Adj P/E ¥10.63 ¥15.18 ¥19.74 67

Widest divergence: DCF Models (¥17.76) versus Asset-Based (¥5.20). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 41.9
P/S ratio 7.32 P/E × margin
EPS (TTM) ¥0.9600 price ÷ EPS = P/E 41.9
Dividend yield 0.9% payout 37.5%
Net margin 17.5% FY2025
Return on equity 12.0% TTM
More key figures
Profitability
Return on assets (EBIT) 10.9% avg 5y
Operating margin 31.4% TTM
Growth
Revenue (TTM) 19.7B CNY TTM
Revenue growth (YoY) +17.9% 3y avg −2.4%
EPS growth (YoY) +75.0%
Balance sheet & cash flow
Free cash flow 3.0B CNY FY2025
Net debt 12.4B CNY FY2025 · ≈ 4.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 68 · Market factors (momentum, volatility) 62

Profitability 40
Margins and returns on capital today
Quality Growth 83
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 22
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 72
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

China Jushi Co., Ltd., together with its subsidiaries, manufactures and sells fiberglass and related products in China and internationally. The company offers fiberglass mats, woven rovings, hybrid fibers, glass yarns, and electronic fabrics.

Full company description

China Jushi Co., Ltd., together with its subsidiaries, manufactures and sells fiberglass and related products in China and internationally. The company offers fiberglass mats, woven rovings, hybrid fibers, glass yarns, and electronic fabrics. It also provides fiberglass products for continuous profiles, compression molding, open molding, pipes, fabrics and mats, and other processes. The company's products are used in building and construction, infrastructure, electrical and electronic, chemical corrosion resistance, transportation, energy-saving and environmental protection, and sports and leisure applications. In addition, it engages in the development and technical services; power generation, transmission, and distribution services; processing and sales of calcium oxide, calcium carbonate, and fluorite; deep processing of other non-metallic mineral products; import and export trade of glass fiber-specific machinery and chemical raw materials; production and sale of composite materials, engineered plastics and products, chemical raw materials for glass fiber, and glass fiber equipment and accessories; and power generation technology services. The company was formerly known as China Fiberglass Co., Ltd. and changed its name to China Jushi Co., Ltd. in March 2015. China Jushi Co., Ltd. was founded in 1998 and is headquartered in Tongxiang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Jushi Co Ltd reported revenue of 18.8B CNY in FY2025 versus 19.7B CNY in FY2021, a compound −1.2%/yr. Reported net income was 3.3B CNY in FY2025, compounding −14.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
18.8B CNY
Latest YoY
+18.5%
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.
−2.4%
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.
+10.0%
Avg. revenue growth/yr (29Y) 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.
+15.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.3% (6.4 + 0.9)
Revenue −1.2%/yr
FY21 19.7B CNY
FY22 20.2B CNY
FY23 14.9B CNY
FY24 15.9B CNY
FY25 18.8B CNY
Net income −14.1%/yr
FY21 6.0B CNY
FY22 6.6B CNY
FY23 3.0B CNY
FY24 2.4B CNY
FY25 3.3B CNY
Character of growth · EPS growth decomposed (2014-2025) +11.8 % p.a.
Revenue per share +9.3 %

of which total revenue +10.1 % · buybacks/dilution −0.8 %

EBIT margin +3.5 %
Tax rate +0.1 %
Residual (interest, one-offs) −1.1 %

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).

600176 screens 204% overvalued. Compare with CRH plc →

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Cite: Fair Value Calculator (2026). "China Jushi Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/600176

Peer Group

Building Materials · 257 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 73 · Top 25%
Fair Value upside −67% · Bottom 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 31% · Top 25%
Revenue growth 18% · Top 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.21× · Higher than median

Valuation Multiples vs Building Materials median · lower = cheaper

P/E (TTM) 41.9× · Pricier than 75% of peers
P/B 7.02× · Pricier than 75% of peers
P/S (TTM) 11.09× · Pricier than 75% of peers
P/FCF 10.9× · Pricier than 75% of peers
EV/EBITDA 28.4× · 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 17
FUTURE90 · sector 2
PAST48 · sector 15
HEALTH90 · sector 92
DIVIDEND18 · sector 44

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 Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
CRH plc CRH $96.05 $69.69 −27%
Holcim AG HOLN CHF 71.04 CHF 20.00 −72%
Vulcan Materials Company VMC $259.69 $114.48 −56%
UltraTech Cement Limited ULTRACEMCO ₹11,891 ₹4,718 −60%
Heidelberg Materials AG HEI €170.05 €167.96 −1%
Martin Marietta Materials, Inc MLM $543.90 $215.31 −60%
Amrize AG AMRZ CHF 37.65 CHF 29.67 −21%
Grasim Industries Limited GRASIM ₹3,293 ₹1,245 −62%
CEMEX, S.A. CX $11.24 $11.31 +1%
James Hardie Industries plc JHX A$41.54 A$9.80 −76%

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Frequently asked questions

Is China Jushi Co Ltd (600176) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ¥13.22 versus a price of ¥40.18, about −67% upside (overvalued).
What is the fair value of 600176?
Our model-based fair value for China Jushi Co Ltd is ¥13.22 (as of Aug 19, 2026), built from audited fundamentals. The current price: ¥40.18.
What is the quality score of 600176?
China Jushi Co Ltd has a Quality Score of 73/100. 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 China Jushi Co Ltd (600176)?
China Jushi Co Ltd reported trailing-twelve-month revenue of about 19.7B CNY (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 600176?
The net profit margin of China Jushi Co Ltd is about 19.4%, meaning it keeps roughly 19.4% of revenue as net income. Based on the latest reported figures.
Does China Jushi Co Ltd pay a dividend?
China Jushi Co Ltd currently shows a dividend yield of about 0.90% relative to its recent price (as of Aug 19, 2026).
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