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Zhengzhou maker of polycrystalline diamond (PCD/PDC) cutters for oil drilling, mining and machining tools.
Zhengzhou maker of polycrystalline diamond (PCD/PDC) cutters for oil drilling, mining and machining tools.
Makes the diamond cutting inserts that tip drill bits for oil, gas and mining, plus blanks that other firms turn into machining tools, so sales follow drilling activity. It sells to bit and tool makers at home and abroad, and is adding diamond heat-spreading material and drill bits for circuit boards.
Moat: narrow (process know-how, scale). High-pressure sintering know-how and domestic scale in PCD composites, but demand follows oilfield drilling activity.
Headquarters: Zhengzhou, China · Founded: 1997 · Employees: 762
Size SF Diamond (300179.SZ) is a China Industrials company (Metal Fabrication) with a market value of $1.81B, the 1390th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥25.55 on 6 Nov 2026.
Performance Over six months the shares fell 12.1%, against -15.1% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 33.6% over the last twelve months (peer median +13.9%); the operating margin is 11.2% (peer median 8.2%).
Valuation It trades at 79.8× forward earnings against a peer median of 22.8× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +37 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.9 points below its cost of capital (12.1% WACC).
Next results Next results expected around 16 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥713M | CN¥558M | CN¥520M | CN¥537M | CN¥511M |
| Revenue growth | — | +7% | -3% | +5% | — |
| Gross profit | CN¥412M | CN¥209M | CN¥255M | CN¥255M | CN¥268M |
| EBITDA | n/a | CN¥99.9M | CN¥126M | CN¥172M | CN¥163M |
| Net income | CN¥122M | CN¥93.2M | CN¥118M | CN¥138M | CN¥154M |
| Free cash flow | CN¥54.4M | -CN¥110M | -CN¥160M | -CN¥462,700 | -CN¥37.6M |
| Capital expenditure | CN¥106M | CN¥73.8M | CN¥187M | CN¥174M | CN¥201M |
| Total debt | CN¥664M | CN¥484M | CN¥287M | CN¥111M | CN¥65.8M |
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 |
|---|---|---|---|---|---|---|
| SF Diamond 300179.SZ | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% |
| North Industries Group Red Arrow 000519.SZ | $2.88B | -22% | +100% | 1% | 57.5× | 23.0% |
| Henan Huanghe Whirlwind 600172.SS | $2.27B | +29% | +13% | -30% | n/a | n/a |
| Henan Liliang Diamond 301071.SZ | $2.03B | -2% | +73% | 21% | 45.0× | 28.0% |
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 | 300179.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.7% | -10.3% | 2nd lowest of 21 |
| 6-month return | -12.1% | -15.1% | 11th highest of 21 |
| Distance from 52-week high | -61.3% | -48.9% | 6th lowest of 21 |
| Revenue growth (TTM) | +33.6% | +13.9% | 4th highest of 21 |
| Operating margin | 11.2% | 8.2% | 9th highest of 21 |
| Forward P/E | 79.8× | 22.8× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 49.2% | 13.8% | most demanding of 10 |
| Growth delivered (Del g) | +12.2% | +13.0% | 4th lowest of 10 |
| Hurdle (Req g minus delivered) | +37.0 pp | +0.8 pp | most demanding of 10 |
| ROIC minus cost of capital | -4.9 pp | -0.3 pp | 6th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SF Diamond 300179.SZ | China | $1.81B | -12% | +34% | 11% | 79.8× | 49.2% | +12.2% |
| Baoding Technology 002552.SZ | China | $1.84B | +44% | +64% | 15% | n/a | 11.3% | +54.0% |
| Beijer Alma BEIA-B.ST | Sweden | $1.86B | 0% | +6% | 15% | 20.7× | 9.9% | +12.8% |
| Gaona Aero Material 300034.SZ | China | $1.71B | -29% | +5% | 5% | 49.0× | 21.3% | +18.5% |
| Happy Forging HAPPYFORGE.NS | India | $1.70B | +20% | +16% | 25% | 40.5× | 42.7% | +21.2% |
| Hebei Huatong Wires and Cables 605196.SS | China | $1.94B | -41% | +49% | 10% | 13.4× | n/a | n/a |
| Nanshan Aluminium International 2610.HK | Hong Kong | $1.67B | -45% | -19% | 21% | 7.8× | n/a | n/a |
| Azad Engineering AZAD.NS | India | $1.66B | +8% | +29% | 28% | 91.6× | n/a | n/a |
| Changzhou Nrb 002708.SZ | China | $1.63B | +50% | +29% | 1% | 74.0× | n/a | n/a |
| Suzhou UIGreen Micro&Nano Technologies 688661.SS | China | $1.55B | -44% | -7% | -3% | 44.2× | n/a | n/a |
| Essence Fastening Systems (Shanghai) 301005.SZ | China | $1.54B | -55% | +17% | 0% | n/a | n/a | n/a |
| Luoyang Xinqianglian Slewing Bearing 300850.SZ | China | $1.54B | -42% | +10% | 21% | 11.1× | n/a | n/a |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 22.8× | 23.1% | +12.0% |
| Shenzhen Vital New Material 301319.SZ | China | $1.53B | +15% | +34% | 5% | 82.0× | n/a | n/a |
| NBTM New Materials 600114.SS | China | $2.14B | -40% | +6% | 9% | 22.8× | 13.8% | +13.0% |
| Lizhong Sitong Light Alloys 300428.SZ | China | $2.14B | -3% | +24% | 4% | 11.8× | n/a | n/a |
| HENGHUI Technology 301678.SZ | China | $1.53B | -28% | +10% | 8% | n/a | n/a | n/a |
| Richelieu Hardware RCH.TO | Canada | $1.48B | -2% | +7% | 7% | 20.5× | 5.7% | +11.7% |
| Zhejiang Changsheng Sliding Bearings 300718.SZ | China | $2.25B | -29% | +20% | 21% | 47.3× | 16.5% | +14.1% |
| Anhui Honglu Steel Construction (Group) 002541.SZ | China | $2.30B | +4% | +12% | 5% | 16.0× | 3.8% | +10.4% |
| Taihan Cable & Solution 001440.KS | South Korea | $2.31B | -70% | +22% | 5% | 99.2× | n/a | n/a |