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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

China Sanjiang Fine Chemicals Company Limited

Ticker: 2198.HK | Industry: Chemicals | Sector: Basic Materials
$4.61 -0.09 (-1.91%)
As of: 2026-01-27

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Valuation Snapshot

Intrinsic Range$5.12 — $10.30
Selected Value (Mid)$7.71
Live Price$2.98
Upside / Downside158.81%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$5.12$7.71$10.30

Normalized EBIT Margin

ScenarioMargin
Low2.90%
Mid3.41%
High3.92%

Normalized Tax Rate

MetricValue
Tax Rate15.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low917,238,315
Mid1,079,103,900
High1,240,969,485

Capital Structure

ComponentValue
Net Debt11,071,751,000
Shares Outstanding1,157,879,356
WACC5.39%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin3.41%2.79%
NOPAT (Earnings)1,079,103,900881,540,938
Enterprise Value20,002,097,59516,340,102,070

Valuation Details

MetricLowMidHigh
Enterprise Value17,001,782,95620,002,097,59523,002,412,234
(-) Net Debt11,071,751,00011,071,751,00011,071,751,000
(=) Equity Value5,930,031,9568,930,346,59511,930,661,234
(/) Shares Outstanding1,157,879,3561,157,879,3561,157,879,356
(=) Fair Value$5.12$7.71$10.30
Live Price$2.98$2.98$2.98
Upside %71.86%158.81%245.77%

High-Upside EPV Screener

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