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Chinese maker of industrial valves for oil & gas, power and chemical process piping systems.
Chinese maker of industrial valves for oil & gas, power and chemical process piping systems.
Sells valves mainly into plant construction and upgrade projects, with each valve type needing certification before it can be supplied, so orders follow capital spending in power, petrochemical and oil and gas, with maintenance and replacement demand adding repeat business.
Moat: narrow (process know-how, customer qualification). Valve qualification for pressure/safety-critical piping systems favors established suppliers.
Headquarters: Jiangsu, China · Employees: 1,697
Size Jiangsu Shentong Valve (002438.SZ) is a China Industrials company (Industrial Machinery) with a market value of $1.01B, the 2272nd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.37 on 6 Nov 2026.
Performance Over six months the shares fell 23.3%, against -17.2% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue fell 5.1% over the last twelve months (peer median +11.9%); the operating margin is 17.2% (peer median 8.3%).
Valuation It trades at 17.5× forward earnings against a peer median of 18.3× (6th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (8.6% WACC).
Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥2.04B | CN¥2.12B | CN¥2.14B | CN¥2.13B | CN¥1.95B |
| Revenue growth | — | -1% | +1% | +9% | — |
| Gross profit | CN¥952M | CN¥712M | CN¥684M | CN¥640M | CN¥554M |
| EBITDA | n/a | CN¥625M | CN¥610M | CN¥478M | CN¥363M |
| Net income | CN¥270M | CN¥285M | CN¥295M | CN¥269M | CN¥228M |
| Free cash flow | CN¥363M | CN¥329M | CN¥138M | -CN¥25.5M | -CN¥462M |
| Capital expenditure | CN¥37.3M | CN¥108M | CN¥265M | CN¥241M | CN¥722M |
| Total debt | CN¥1.26B | CN¥1.28B | CN¥1.48B | CN¥1.46B | CN¥1.73B |
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 |
|---|---|---|---|---|---|---|
| Jiangsu Shentong Valve 002438.SZ | $1.01B | -23% | -5% | 17% | 17.5× | 5.9% |
| Emerson Electric EMR | $90.6B | +15% | +5% | 21% | 22.3× | 19.9% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
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 | 002438.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.7% | -13.6% | 10th highest of 21 |
| 6-month return | -23.3% | -17.2% | 9th lowest of 21 |
| Distance from 52-week high | -39.0% | -45.7% | 8th highest of 21 |
| Revenue growth (TTM) | -5.1% | +11.9% | 3rd lowest of 21 |
| Operating margin | 17.2% | 8.3% | 7th highest of 21 |
| Forward P/E | 17.5× | 18.3× | 6th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 5.9% | 8.7% | 6th least demanding of 13 |
| Growth delivered (Del g) | +6.1% | +9.4% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | -0.1 pp | +0.8 pp | 6th least demanding of 13 |
| ROIC minus cost of capital | +1.2 pp | -1.5 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jiangsu Shentong Valve 002438.SZ | China | $1.01B | -23% | -5% | 17% | 17.5× | 5.9% | +6.1% |
| Lindab International LIAB.ST | Sweden | $1.01B | -10% | -3% | 7% | 17.7× | 4.2% | +9.4% |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | n/a | 15.3% | +13.1% |
| Miracle Automation Engineering 002009.SZ | China | $1.03B | -27% | +6% | 1% | 28.8× | 34.6% | -5.1% |
| Allied Machinery 605060.SS | China | $1.03B | -51% | +24% | 22% | 21.1× | 15.5% | +13.2% |
| Sichuan Zigong Conveying Machine 001288.SZ | China | $999M | +1% | -20% | 3% | 19.0× | n/a | n/a |
| Taesung 323280.KS | South Korea | $999M | -44% | +67% | 3% | n/a | n/a | n/a |
| Morimatsu International 2155.HK | Hong Kong | $1.03B | -16% | +14% | 3% | 14.2× | -2.4% | +17.6% |
| Tsugami 6101.T | Japan | $1.03B | -23% | +24% | 27% | n/a | -5.3% | +15.9% |
| Noritake Co.,Limited 5331.T | Japan | $991M | -19% | +9% | 9% | 8.2× | n/a | n/a |
| Phoenix Silicon International 8028.TW | Taiwan | $991M | -26% | +24% | 24% | 18.3× | n/a | n/a |
| Suzhou SLAC Precision Equipment 300382.SZ | China | $1.04B | -31% | +11% | -4% | 67.4× | n/a | n/a |
| Ningbo Kangqiang Electronics 002119.SZ | China | $1.04B | -12% | +49% | 5% | n/a | n/a | n/a |
| Changzhou Kaidi Electrical 605288.SS | China | $985M | +12% | +1% | 3% | 50.5× | n/a | n/a |
| MayAir Technology (China) 688376.SS | China | $1.04B | -27% | +7% | 9% | 28.2× | n/a | n/a |
| Ye Siang Enterprise 7909.TWO | Taiwan | $984M | -53% | -14% | 16% | n/a | 34.9% | -13.5% |
| Ningbo Cixing 300307.SZ | China | $1.05B | +24% | +31% | 9% | n/a | 11.0% | +9.5% |
| Nikkiso 6376.T | Japan | $1.05B | -5% | +11% | 8% | 10.0× | 6.3% | +6.3% |
| Guangzhou KDT Machinery 002833.SZ | China | $1.05B | -20% | +19% | 20% | 13.4× | 1.5% | +7.6% |
| Zhejiang Liju Thermal Energy Equipment 603391.SS | China | $973M | +18% | +9% | 18% | n/a | 12.0% | +5.0% |
| METAWATER 9551.T | Japan | $972M | +4% | +13% | 6% | 13.5× | 0.9% | +9.5% |