¥22.03 ($3.29)

+0.25 (+1.15%)

SHZ · Basic Materials · Agricultural Inputs · Tech Score Strong Sell · Power 39 · ¥9.9B mcap · 79M float · 3.56% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ETF Exposure

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Sep 30, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. 301665.SZ receives an overall rating of B. Strongest factors: ROE (5/5), ROA (5/5). Areas of concern: DCF (1/5), D/E (2/5), P/E (2/5), P/B (2/5).

Rating Change History

Date	From	To
2026-05-06	None	ADDED
2026-05-05	EXISTED	None
2026-04-30	B-	B
2026-02-24	None	ADDED
2026-02-18	EXISTED	None
2026-02-06	B	B-
2026-02-04	B-	B
2026-01-30	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 68 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

100

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. 301665.SZ scores highest in Safety (100/100) and lowest in Profitability (41/100). An overall grade of A places 301665.SZ among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

4.56

Safe Zone

Piotroski F-Score

6/9

✓ ✓ ✓ ✓ ✓ ✗ ✗ ✗ ✓

Beneish M-Score

0.06

Possible Manipulator

Ohlson O-Score

-9.91

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AA-

Score: 81.5/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 1.86x

Accruals: -7.1%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. 301665.SZ scores 4.56, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 301665.SZ scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 301665.SZ's score of 0.06 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 301665.SZ's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 301665.SZ receives an estimated rating of AA- (score: 81.5/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 301665.SZ's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

18.83x

PEG

0.38x

P/S

1.67x

P/B

2.71x

P/FCF

42.57x

P/OCF

9.67x

EV/EBITDA

9.39x

EV/Revenue

1.72x

EV/EBIT

11.69x

EV/FCF

45.95x

Earnings Yield

5.56%

FCF Yield

2.35%

Shareholder Yield

0.33%

Graham Number

$14.59

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 18.8x earnings, 301665.SZ trades at a reasonable valuation. An earnings yield of 5.6% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $14.59 per share, 51% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.683

NI / EBT

Interest Burden

0.882

EBT / EBIT

EBIT Margin

0.147

EBIT / Rev

Asset Turnover

0.932

Rev / Assets

Equity Multiplier

1.800

Assets / Equity

ROE

14.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 301665.SZ's ROE of 14.8% is driven by Asset Turnover (0.932), indicating efficient use of assets to generate revenue.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$44.88

Price/Value

0.47x

Margin of Safety

53.29%

Premium

-53.29%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 301665.SZ's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 301665.SZ trades at a -53% premium to its adjusted intrinsic value of $44.88, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 18.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 335 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$22.03

Median 1Y

$13.24

5th Pctile

$6.89

95th Pctile

$25.45

Ann. Volatility

39.4%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	3.0%	8.2%	10.7%	14.0%	14.8%	14.84%
ROA	1.7%	4.6%	6.0%	7.8%	8.2%	8.24%
ROIC	3.7%	8.8%	13.4%	15.6%	16.2%	16.23%
ROCE	4.2%	10.7%	13.9%	18.1%	18.6%	18.61%
Gross Margin	26.4%	31.4%	22.8%	28.5%	24.1%	24.12%
Operating Margin	12.8%	18.2%	9.3%	14.3%	13.8%	13.84%
Net Margin	7.5%	12.5%	6.6%	9.7%	6.7%	6.70%
EBITDA Margin	14.0%	23.5%	15.2%	15.5%	18.7%	18.72%
FCF Margin	8.7%	3.1%	3.3%	3.6%	3.7%	3.74%
OCF Margin	17.4%	16.8%	15.5%	16.7%	16.5%	16.45%
ROIC Economic	snapshot only					14.63%
Cash ROA	snapshot only					15.01%
Cash ROIC	snapshot only					22.16%
CROIC	snapshot only					5.03%
NOPAT Margin	snapshot only					12.05%
Pretax Margin	snapshot only					12.95%
R&D / Revenue	snapshot only					3.01%
SGA / Revenue	snapshot only					3.30%
SBC / Revenue	snapshot only					0.00%

Valuation

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	120.74	45.43	32.16	22.34	17.98	18.829
P/S Ratio	9.06	4.59	2.87	2.04	1.59	1.672
P/B Ratio	3.66	3.74	3.46	3.12	2.58	2.713
P/FCF	104.74	148.72	85.95	57.08	42.57	42.572
P/OCF	51.95	27.36	18.54	12.18	9.67	9.668
EV/EBITDA	66.58	25.66	16.53	12.48	9.39	9.392
EV/Revenue	9.33	4.86	2.92	2.14	1.72	1.717
EV/EBIT	66.58	28.84	20.07	14.48	11.69	11.690
EV/FCF	107.82	157.18	87.34	59.86	45.95	45.951
Earnings Yield	0.8%	2.2%	3.1%	4.5%	5.6%	5.56%
FCF Yield	1.0%	0.7%	1.2%	1.8%	2.3%	2.35%
PEG Ratio	snapshot only					0.377
Price/Tangible Book	snapshot only					2.862
EV/OCF	snapshot only					10.435
EV/Gross Profit	snapshot only					6.452
Acquirers Multiple	snapshot only					12.328
Shareholder Yield	snapshot only					0.33%
Graham Number	snapshot only					$14.59

Leverage & Solvency

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	1.65	1.43	1.39	1.39	1.43	1.433
Quick Ratio	1.27	1.07	1.03	0.94	0.94	0.945
Debt/Equity	0.39	0.43	0.27	0.35	0.37	0.369
Net Debt/Equity	0.11	0.21	0.06	0.15	0.20	0.205
Debt/Assets	0.21	0.24	0.15	0.20	0.21	0.208
Debt/EBITDA	6.88	2.79	1.25	1.34	1.24	1.244
Net Debt/EBITDA	1.90	1.38	0.26	0.58	0.69	0.691
Interest Coverage	9.90	12.56	11.50	11.97	8.38	8.375
Equity Multiplier	1.82	1.80	1.78	1.79	1.78	1.778
Cash Ratio	snapshot only					0.330
Debt Service Coverage	snapshot only					10.424
Cash to Debt	snapshot only					0.445
FCF to Debt	snapshot only					0.164
Defensive Interval	snapshot only					799.7 days

Efficiency & Turnover

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.22	0.45	0.68	0.85	0.93	0.932
Inventory Turnover	1.61	3.11	4.72	4.58	5.74	5.736
Receivables Turnover	1.42	2.80	4.62	6.06	6.25	6.250
Payables Turnover	2.58	4.43	6.40	7.99	9.94	9.941
DSO	256	130	79	60	58	58.4 days
DIO	226	117	77	80	64	63.6 days
DPO	142	82	57	46	37	36.7 days
Cash Conversion Cycle	341	165	99	94	85	85.3 days
Fixed Asset Turnover	snapshot only					1.802
Operating Cycle	snapshot only					122.0 days
Cash Velocity	snapshot only					9.887
Capital Intensity	snapshot only					1.096

Growth (YoY)

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	—	—	—	—	3.3%	3.30%
Net Income	—	—	—	—	4.1%	4.06%
EPS	—	—	—	—	3.6%	3.65%
FCF	—	—	—	—	85.5%	85.48%
EBITDA	—	—	—	—	4.6%	4.60%
Op. Income	—	—	—	—	3.7%	3.66%
OCF Growth	snapshot only					3.05%
Asset Growth	snapshot only					4.34%
Equity Growth	snapshot only					6.99%
Debt Growth	snapshot only					1.33%
Shares Change	snapshot only					8.87%
Dividend Growth	snapshot only					-85.53%

Growth Quality

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	—	—	—	—	—	—
Earnings Stability	—	—	—	—	—	—
Margin Stability	—	—	—	—	—	—
Rev. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.500
Earn. Growth Consistency	0.00	0.00	0.00	0.00	0.50	0.500
FCF Positive Streak	0	0	0	0	1	0
Earnings Persistence	—	—	—	—	—	—
Earnings Smoothness	—	—	—	—	0.00	0.000
ROE Trend	—	—	—	—	—	—
Gross Margin Trend	—	—	—	—	—	—
FCF Margin Trend	—	—	—	—	—	—
Sustainable Growth Rate	-2.8%	2.5%	4.8%	7.8%	13.9%	13.95%
Internal Growth Rate	—	1.4%	2.8%	4.5%	8.4%	8.40%

Cash Flow Quality

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	2.32	1.66	1.73	1.83	1.86	1.860
FCF/OCF	0.50	0.18	0.22	0.21	0.23	0.227
FCF/Net Income	snapshot only					0.422
OCF/EBITDA	snapshot only					0.900
CapEx/Revenue	8.8%	13.7%	12.2%	13.2%	12.7%	12.72%
CapEx/Depreciation	snapshot only					3.539
Accruals Ratio	-0.02	-0.03	-0.04	-0.07	-0.07	-0.071
Sloan Accruals	snapshot only					-0.080
Cash Flow Adequacy	snapshot only					1.242
Earnings Quality Score	snapshot only					0.750

Dividends & Buybacks

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	1.6%	1.5%	1.7%	2.0%	0.3%	2.54%
Dividend/Share	$0.48	$0.44	$0.49	$0.52	$0.07	$0.56
Payout Ratio	1.9%	69.2%	55.6%	44.4%	6.0%	6.01%
FCF Payout Ratio	1.7%	2.3%	1.5%	1.1%	14.2%	14.22%
Total Payout Ratio	1.9%	69.2%	55.6%	44.4%	6.0%	6.01%
Div. Increase Streak	0	0	0	0	0	0
Chowder Number	—	—	—	—	-0.84	-0.839
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Net Buyback Yield	-0.2%	0.0%	0.0%	0.0%	-0.2%	-0.20%
Total Shareholder Return	1.4%	1.5%	1.7%	2.0%	0.1%	0.13%

DuPont Factors

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.60	0.65	0.67	0.67	0.68	0.683
Interest Burden (EBT/EBIT)	0.90	0.92	0.91	0.92	0.88	0.882
EBIT Margin	0.14	0.17	0.15	0.15	0.15	0.147
Asset Turnover	0.22	0.45	0.68	0.85	0.93	0.932
Equity Multiplier	1.82	1.80	1.78	1.79	1.80	1.800

Per Share

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.25	$0.64	$0.88	$1.17	$1.17	$1.17
Book Value/Share	$8.26	$7.81	$8.17	$8.36	$8.12	$9.49
Tangible Book/Share	$7.75	$7.11	$7.36	$7.54	$7.32	$7.32
Revenue/Share	$3.34	$6.35	$9.83	$12.79	$13.18	$13.18
FCF/Share	$0.29	$0.20	$0.33	$0.46	$0.49	$0.49
OCF/Share	$0.58	$1.07	$1.52	$2.14	$2.17	$2.17
Cash/Share	$2.33	$1.70	$1.72	$1.66	$1.33	$1.33
EBITDA/Share	$0.47	$1.20	$1.74	$2.19	$2.41	$2.41
Debt/Share	$3.22	$3.36	$2.18	$2.93	$3.00	$3.00
Net Debt/Share	$0.89	$1.66	$0.45	$1.27	$1.66	$1.66

Academic Models

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	4.558
Altman Z-Prime	snapshot only					7.346
Piotroski F-Score	4	4	4	4	6	6
Beneish M-Score	—	—	—	—	0.06	0.063
Ohlson O-Score	snapshot only					-9.912
ROIC (Greenblatt)	snapshot only					21.36%
Net-Net WC	snapshot only					$0.84
EVA	snapshot only					$274155094.33

Credit

Metric	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only					AA-
Credit Score	73.71	80.73	84.48	83.50	81.46	81.462
Credit Grade	snapshot only					4
Credit Trend	snapshot only					7.753
Implied Spread (bps)	snapshot only					100.000
Industry Credit Rank	snapshot only					78
Sector Credit Rank	snapshot only					76

301665.SZ SHZ

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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