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603948.SS$26.12-0.42%
Fair $26.12+0.0%

603948.SS

Zhejiang Jianye Chemical Co., Ltd.

Basic Materials / ChemicalsShanghai

$26.12

-0.11 (-0.42%)

Fairly Valued+0.0%Fair Value $26.12Fund rank 37/100 · Data gapFallback financials|
SA 56/C
F-Score: 7/9
Declining Revenue

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 24% · confianza 25%

FCF escenarios

weak_data · normalized FCF $283.9M · quality 80.3/100

Data gap 37/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 74/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

56/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific commodity mid-cycle model required: targets are disabled until normalized cycle price/cost-curve/reserve data exists. Revenue has declined for 3 consecutive years
Thesis & Journal · 603948.SSLocal privado en este navegador · Zhejiang Jianye Chemical Co., Ltd.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$4.2B

P/E

18.1x

↑

EV/EBITDA

7.9x

↓

ROE

10.7%

↑

Gross Margin

17.6%

↓

Debt/Equity

0.00

↓
52-Week Range$26
$18$36

TradingView lightweight chart

603948.SS price, volumen y niveles de valoración

Último $26.12Periodo +27.3%
Fair value: $26.12

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

-9.7%

FCF CAGR

+4.3%

FCF margin

18.2%

FCF / Net income

1.62x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $2.06B · net income $230.0M · FCF $373.7M

2022-FY → 2025-FY

Gross margin

17.6%-5.2% pts

Operating margin

13.0%-2.3% pts

Net margin

11.2%-2.8% pts

FCF margin

18.2%+6.4% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$2.06B$2.06B$2.39B$2.65B$2.80B
Net Income$230.0M$230.0M$209.1M$317.7M$390.2M
EBITDA$364.4M$364.4M$321.4M$459.8M$528.7M
EPS1.421.421.291.982.44
Gross Margin17.6%17.6%13.8%18.8%22.8%
Operating Margin13.0%13.0%10.0%13.7%15.2%
Net Margin11.2%11.2%8.7%12.0%14.0%
Balance Sheet
Debt/Equity0.000.000.000.000.00
Current Ratio5.245.24———
Cash Flow
Free Cash Flow$373.7M$373.7M$260.7M$283.9M$329.3M
Returns
ROE10.7%10.7%10.0%15.7%19.7%
Valuation
P/E18.1418.1414.5711.489.21
EV/EBITDA7.897.895.955.814.85
P/B1.961.961.461.811.82
Growth & Yield
Revenue Growth-14.1%-14.1%-9.6%-5.2%—
EPS Growth10.1%10.1%-34.8%-18.9%—
Dividend Yield3.8%3.8%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

17.7%

exigente

EPS terminal req.

$2.32

Spread vs growth

-7.7%

5Y implied EPS CAGR

14.6%

razonable

EPS terminal req.

$2.80

Spread vs growth

-4.5%

10Y implied EPS CAGR

12.3%

razonable

EPS terminal req.

$4.52

Spread vs growth

-2.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +38.9%

Total return

+38.9%

Start / end P/E

15.0x → 18.4x

EPS bridge

1.29 → 1.42

Residual

+2.3%

EPS growth+10.1%
Multiple rerating+22.8%
Dividend+3.8%
Residual / FX / buybacks / cross-term+2.3%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.