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China's largest gypsum plasterboard maker, also producing waterproofing and other building materials, part of CNBM group.
China's largest gypsum plasterboard maker, also producing waterproofing and other building materials, part of CNBM group.
Sells plasterboard mostly through dealers and also direct to large developers, so volumes follow new housing and interior fit-outs. Its Taishan and Dragon brands and a national network of gypsum plants are the base, with waterproofing added as a second line sold to the same contractors.
In one line: A Chinese USG/National Gypsum.
Moat: narrow (scale, brand, distribution). Largest gypsum-board maker in China with national brand and distribution scale.
Headquarters: Beijing, China · Founded: 1979 · Employees: 16,133
Size Beijing New Building Materials (Group) (000786.SZ) is a China Materials company (Construction Materials) with a market value of $4.41B, the 582nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥17.32 on 6 Nov 2026.
Performance Over six months the shares fell 33.2%, against +4.6% for the median peer and -16.4% for the China market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 2.8% over the last twelve months (peer median +1.4%); the operating margin is 9.6% (peer median 12.1%).
Valuation It trades at 11.4× forward earnings against a peer median of 13.9× (7th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (8.0% WACC).
Next results Next results expected around 24 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥24.5B | CN¥25.2B | CN¥25.5B | CN¥22.3B | CN¥20.1B |
| Revenue growth | — | -1% | +14% | +11% | — |
| Gross profit | CN¥7.29B | CN¥6.80B | CN¥7.09B | CN¥6.38B | CN¥5.56B |
| EBITDA | n/a | CN¥4.34B | CN¥5.00B | CN¥4.68B | CN¥3.70B |
| Net income | CN¥2.22B | CN¥2.91B | CN¥3.65B | CN¥3.52B | CN¥3.14B |
| Free cash flow | CN¥2.53B | CN¥3.05B | CN¥4.01B | CN¥3.64B | CN¥2.27B |
| Capital expenditure | CN¥945M | CN¥1.19B | CN¥1.19B | CN¥1.16B | CN¥1.45B |
| Total debt | CN¥1.13B | CN¥2.29B | CN¥2.89B | CN¥3.18B | CN¥3.74B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Beijing New Building Materials (Group) 000786.SZ | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% |
| Compagnie de Saint-Gobain SGO.PA | $40.7B | -3% | -2% | 10% | 12.1× | 5.1% |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% |
| Eagle Materials EXP | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% |
| Keshun Waterproof Technologies 300737.SZ | $656M | -41% | -12% | -8% | 34.2× | -15.7% |
| Sika SIKA.SW | $36.4B | +32% | -4% | 14% | 24.9× | 10.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 000786.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.8% | +7.5% | 10th lowest of 21 |
| 6-month return | -33.2% | +4.6% | 5th lowest of 20 |
| Distance from 52-week high | -41.9% | -20.7% | 6th lowest of 21 |
| Revenue growth (TTM) | -2.8% | +1.4% | 6th lowest of 21 |
| Operating margin | 9.6% | 12.1% | 8th lowest of 21 |
| Forward P/E | 11.4× | 13.9× | 7th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -2.3% | 4.9% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +8.4% | +6.6% | 4th highest of 18 |
| Hurdle (Req g minus delivered) | -10.7 pp | -1.7 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +0.8 pp | -1.3 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing New Building Materials (Group) 000786.SZ | China | $4.41B | -33% | -3% | 10% | 11.4× | -2.3% | +8.4% |
| FLSmidth & Co. A/S FLS.CO | Denmark | $4.88B | +22% | -20% | 13% | 13.9× | 2.8% | -2.3% |
| Asia Cement 1102.TW | Taiwan | $3.92B | +5% | -10% | 10% | 11.0× | 5.6% | -1.9% |
| Tianshan Material 000877.SZ | China | $3.47B | -30% | -17% | -13% | n/a | 5.6% | -14.5% |
| Eagle Materials EXP | United States | $5.71B | -12% | +2% | 22% | 16.1× | 9.7% | +7.3% |
| United States Lime & Minerals USLM | United States | $3.39B | +7% | +4% | 41% | 19.6× | 5.1% | +18.3% |
| Vicat VCT.PA | France | $3.29B | +6% | +5% | 11% | 10.2× | 0.2% | +6.6% |
| Knife River KNF | United States | $3.20B | -38% | +11% | 9% | 23.1× | n/a | n/a |
| TCC 1101.TW | Taiwan | $6.09B | +11% | -6% | 8% | 29.2× | 9.1% | +7.2% |
| Taiheiyo Cement 5233.T | Japan | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% | +0.8% |
| ROCKWOOL A/S ROCK-A.CO | Denmark | $6.72B | +11% | -1% | 13% | 16.2× | -4.8% | +8.3% |
| Huaxin Building Materials 6655.HK | Hong Kong | $6.91B | +9% | +22% | 18% | 8.1× | -7.8% | +3.0% |
| China National Building Material 3323.HK | Hong Kong | $2.76B | -51% | 0% | 2% | 25.2× | 25.1% | -7.7% |
| FangDa Carbon New Material 600516.SS | China | $2.74B | -20% | +17% | -4% | 226.5× | n/a | n/a |
| Cementir CEM.MI | Italy | $2.70B | +5% | -2% | 13% | 12.8× | 4.3% | +6.0% |
| Cementos Molins CMO.MC | Spain | $2.70B | n/a | +14% | 12% | 13.6× | 8.9% | +12.5% |
| Buzzi BZU.MI | Italy | $8.04B | -9% | +2% | 18% | 9.3× | 2.8% | +7.0% |
| Imerys NK.PA | France | $2.41B | +11% | -2% | 6% | 15.4× | 7.4% | -2.3% |
| Titan America TTAM | United States | $2.08B | -32% | +5% | 15% | 10.5× | 1.0% | +6.9% |
| YOUNGY 002192.SZ | China | $2.03B | -52% | +315% | 60% | n/a | 4.9% | +16.8% |
| Sichuan Hexie Shuangma 000935.SZ | China | $1.98B | -35% | -14% | 15% | 13.8× | n/a | n/a |