Ningbo Tuopu Group Co Ltd (601689) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ningbo Tuopu Group Co Ltd stock ¥32.24, price ¥44.71, that is 27.9% below the price, quality 41 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range ¥20.04 – ¥83.42 · fair‑value band ¥22.28 – ¥41.13 · the ¥44.71 price screens above the ¥32.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Ningbo Tuopu Group Co.,Ltd. engages in the research, development, production, and sale of auto parts in China and internationally.
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The company offers noise, vibration, and harshness damping systems, such as powertrain supports, drive motor shock absorbers, telescopic shock absorber supports, torsional shock absorbers, subframe supports, and hydraulic bushings; and interior and exterior trim systems, including door panels, headliners, main carpets, coat racks, sound and heat insulation components, trunk sound insulation components, and other sound insulation and noise reduction products, as well as sealing strip and decorative strip exterior trim products.
It also provides lightweight body comprising integrated molded front and rear floor panels, body structural components, door structural components, and battery pack structural components; and intelligent cockpit components consisting of rotating screen controllers, electric tailgates, electric sliding doors, seat comfort systems, and in-vehicle oxygen control systems.
In addition, the company offers integrated heat pump assembly, multi-way valve, electronic water pump, and electronic expansion valve thermal management systems; front and rear steel aluminum subframes, control arms, tie rods, and steering knuckles chassis systems; integrated air supply unit, air spring, and height sensor air suspension systems; brake-by-wire, power steering, electronically adjustable column intelligent driving systems; and linear actuators, rotary actuators, dexterous motors and assemblies, sensors, body structural components, foot shock absorbers, and electronic flexible skin.
It serves electric vehicle manufacturers and traditional OEM automakers. The company was founded in 1983 and is headquartered in Ningbo, China. Ningbo Tuopu Group Co.,Ltd. operates as a subsidiary of Mecca International Holding (HK) Limited.
Stock analysis
Ningbo Tuopu Group Co Ltd (601689) currently trades at ¥44.71, while our model-based Fair Value estimate is ¥32.24, 28% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥52.23 per share, and 7 of the 26 models we run sit above the ¥44.71 price.
Bear case: the Dividend Discount group reads lowest at ¥7.93, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥22.28 (bear) to ¥41.13 (bull), the price of ¥44.71 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ningbo Tuopu Group Co Ltd reported revenue of 29.5B CNY in FY2025 versus 11.5B CNY in FY2021, a compound +26.7%/yr. Reported net income was 2.8B CNY in FY2025, compounding +28.6%/yr from FY2021.
Key figures
Market cap 77.2B CNY (≈ $11.6B) Large · P/E ratio 30.8 · P/S ratio 2.50 · EPS (TTM) ¥1.45 · Dividend yield 1.1% · Net margin 8.1% · Return on equity 10.7% · Return on assets (EBIT) 7.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −25% fair-value upside, at −28%, 601689 screens richer than that median.
Fair Value models
Bear¥22.28Fair Value ¥32.24Bull¥41.13
Price ¥44.71 · Downside -27.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.8153 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+10.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.3%
Start year 2020 (pandemic). Over 10 years: +25.7% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+23.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.0%
Dividend (yield on the price)1.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22.0% vs 11.7%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+33.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +31.4% a year for the price and +11.5% for the forecasts.
AI conclusion: Revenue growth from established OEM auto parts supply forms the core strength, while falling profits due to depreciation, raw material costs and forex effects from expansion mark the main weakness.
Main risk: A drop in Tesla's vehicle deliveries or Optimus robot volumes could cut Tuopu's orders sharply and increase price pressure on its chassis and actuator supplies.
Bull case: By winning more business from additional OEMs and scaling its robotics actuator production efficiently, Tuopu could reduce customer concentration and lift margins through higher-value integrated systems.
Bear case: If Tesla volumes stay weak and Sanhua captures more actuator share while tariffs rise, Tuopu could face prolonged margin pressure and delayed returns on its robotics capacity investments.
Tuopu continues to grow revenue through its established auto parts supply to OEMs while building capacity for robotics actuators. Yet recent results show profits falling as depreciation, raw material costs and forex effects from the expansion weigh in. Will the new global plants and product lines generate enough margin recovery to offset these near-term pressures?
Compare Ningbo Tuopu Group Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Auto Parts · 653 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−27.9% · Below median
Profitability
Return on equity (12 months)10.7% · Above median
Return on assets6.3% · Above median
Net margin (12 months)8.1% · Above median
Operating margin (12 months)5.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)5.6% · Below median
Dividend yield (12 months)1.1% · Below median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Ningbo Tuopu Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601689
Frequently asked questions
Is Ningbo Tuopu Group Co Ltd (601689) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of ¥32.24 versus a price of ¥44.71, about 28% lower (overvalued).
What is the fair value of 601689?
Our model-based fair value for Ningbo Tuopu Group Co Ltd is ¥32.24 (as of Nov 3, 2026), built from audited fundamentals. The current price: ¥44.71.
What is the quality score of 601689?
Ningbo Tuopu Group Co Ltd has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ningbo Tuopu Group Co Ltd (601689)?
Our model-based price target is the fair value of ¥32.24 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario ¥22.28, optimistic scenario ¥41.13. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Tuopu Group Co Ltd stock forecast for 2026?
Our models put fair value at ¥32.24, about 28% lower versus a price of ¥44.71 (overvalued). Cautious scenario ¥22.28, optimistic scenario ¥41.13. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Tuopu Group Co Ltd (601689)?
Ningbo Tuopu Group Co Ltd reported trailing-twelve-month revenue of about 30.8B CNY (latest available figure, as of Nov 3, 2026).
Does Ningbo Tuopu Group Co Ltd pay a dividend?
Ningbo Tuopu Group Co Ltd currently shows a dividend yield of 1.10% relative to its recent price (as of Nov 3, 2026).
What growth is priced into Ningbo Tuopu Group Co Ltd (601689)?
For today's price to be fair in a discounted-cash-flow model, Ningbo Tuopu Group Co Ltd would have to grow free cash flow by +33.6 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 601689 use?
Our models discount Ningbo Tuopu Group Co Ltd at 9.4 %: a base by market capitalisation (large), damped by beta 0.80, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ningbo Tuopu Group Co Ltd that is +33.6 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has Ningbo Tuopu Group Co Ltd (601689) delivered so far?
Over the past 5 years revenue at Ningbo Tuopu Group Co Ltd grew +35.3 % a year. The price currently implies +33.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ningbo Tuopu Group Co Ltd (601689) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Ningbo Tuopu Group Co Ltd (+33.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ningbo Tuopu Group Co Ltd (601689)?
The free-cash-flow yield on the price is 1.32 %: that much free cash flow Ningbo Tuopu Group Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ningbo Tuopu Group Co Ltd (601689)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Tuopu Group Co Ltd it is ¥32.24 per share (as of Nov 3, 2026), against a price of ¥44.71. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Ningbo Tuopu Group Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 601689 trades above its calculated fair value: price ¥44.71, fair value ¥32.24, a gap of about −28% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601689?
No. The price is what the market pays today (¥44.71); the fair value is what the company's own numbers justify (¥32.24). For Ningbo Tuopu Group Co Ltd the two are ¥12.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Tuopu Group Co Ltd worth?
The market values Ningbo Tuopu Group Co Ltd at about 77.2B CNY (market capitalisation, as of Nov 3, 2026). Per share that is ¥44.71; our models calculate a fair value of ¥32.24 per share.
What do the bullish and bearish scenarios say about 601689?
Our models span a range for Ningbo Tuopu Group Co Ltd: cautious scenario ¥22.28, base ¥32.24, optimistic ¥41.13 per share (as of Nov 3, 2026, price ¥44.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 601689?
Ningbo Tuopu Group Co Ltd trades at a price-to-earnings ratio of 30.8 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥32.24 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 29.6 (reported for FY2025: 27.8). Other multiples: P/B 3.2, P/S 2.5, EV/EBITDA 15.1.
How solid is the balance sheet of Ningbo Tuopu Group Co Ltd (601689)?
Balance-sheet figures for Ningbo Tuopu Group Co Ltd (as of Nov 3, 2026): return on equity 10.7%, debt of 0.01 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 601689 from its 52-week high?
Ningbo Tuopu Group Co Ltd trades at ¥44.71, about 46% below its 52-week high of ¥83.42 and 18% above the low of ¥37.93 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥32.24 is for.
Which stocks are comparable to Ningbo Tuopu Group Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ningbo Tuopu Group Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price ¥44.71, calculated fair value ¥32.24 (−28%), Quality Score 41/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601689 calculated?
We run Ningbo Tuopu Group Co Ltd through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥32.24, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.4% above its aggregate fair value. Ningbo Tuopu Group Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ningbo Tuopu Group Co Ltd (601689)?
The closing price on Nov 6, 2026 was ¥44.71. Our model-based fair value is ¥32.24, about 28% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Tuopu Group Co Ltd right now?
The price sits above even our optimistic bull case (¥41.13). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (¥22.28 to ¥41.13) leaves room in how you read the outcome.
Where does the earnings growth of Ningbo Tuopu Group Co Ltd (601689) come from?
Earnings per share at Ningbo Tuopu Group Co Ltd grew +12.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +16.8 %, EBIT margin −3.7 %, tax rate +0.2 %, residual (interest, one-offs) −0.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Ningbo Tuopu Group Co Ltd
How large is the market capitalisation of Ningbo Tuopu Group Co Ltd (601689)?
The market capitalisation of Ningbo Tuopu Group Co Ltd is 77.2B CNY (≈ $11.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ningbo Tuopu Group Co Ltd (601689)?
The price-to-sales ratio of Ningbo Tuopu Group Co Ltd is 2.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ningbo Tuopu Group Co Ltd (601689)?
Earnings per share at Ningbo Tuopu Group Co Ltd are ¥1.45 (price ÷ EPS = P/E 30.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ningbo Tuopu Group Co Ltd (601689)?
The dividend yield of Ningbo Tuopu Group Co Ltd is 1.1% (payout 36.0%, on adjusted earnings, reported 33.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ningbo Tuopu Group Co Ltd (601689)?
The net margin of Ningbo Tuopu Group Co Ltd is 8.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ningbo Tuopu Group Co Ltd (601689)?
The return on equity (ROE) of Ningbo Tuopu Group Co Ltd is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ningbo Tuopu Group Co Ltd (601689)?
On an EBIT basis the return on assets of Ningbo Tuopu Group Co Ltd is 7.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ningbo Tuopu Group Co Ltd (601689)?
The operating margin of Ningbo Tuopu Group Co Ltd is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Tuopu Group Co Ltd (601689)?
Revenue at Ningbo Tuopu Group Co Ltd is growing +5.6% versus a year earlier (3y avg +22.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ningbo Tuopu Group Co Ltd (601689)?
Earnings per share at Ningbo Tuopu Group Co Ltd are growing −35.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ningbo Tuopu Group Co Ltd (601689) carry?
The net debt of Ningbo Tuopu Group Co Ltd is 5.8B CNY (fiscal year 2025, ≈ 5.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 3, 2026