Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shandong Liancheng Precision Manufacturing Co Ltd Class A stock ¥13.33, price ¥16.19, that is 17.7% below the price, quality 41 out of 100. Rating: overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range ¥8.28 – ¥32.60 · fair‑value band ¥9.50 – ¥18.45 · the ¥16.19 price screens above the ¥13.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Shandong Liancheng Precision Manufacturing Co., Ltd engages in the research and development, design, production, and sales of various precision mechanical parts in China. The company manufactures metal components and metal parts through casting, forging, and machining.
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Its precision mechanical parts, including hydraulic travel motor housing/rear end cover, reducer housing, hydraulic valve seat, crankcase, crankshaft cover, bearing seat, suspension bracket, shock absorber wheel/ring, shock absorber accessory housing, automobile water pump housing, industrial robot base, big arm, swivel seat, connector and more.
The company's products are used in commercial compressors, hydraulic machinery, commercial vehicles, construction machinery, agricultural machinery, passenger cars, new energy, industrial robots, diesel engines, solar thermal power generation, environmental water treatment, high-speed rail and other industries.
It also exports its products to North America, South America, Europe, Asia, the Oceania, and internationally. Shandong Liancheng Precision Manufacturing Co., Ltd was founded in 1995 and is headquartered in Jining, China.
Stock analysis
Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) currently trades at ¥16.19, while our model-based Fair Value estimate is ¥13.33, 18% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ¥9.54 per share, and 0 of the 12 models we run sit above the ¥16.19 price.
Bear case: the Growth DCF group reads lowest at ¥5.47, and 12 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ¥9.50 (bear) to ¥18.45 (bull), the price of ¥16.19 sits inside 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 Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shandong Liancheng Precision Manufacturing Co Ltd Class A reported revenue of 1.2B CNY in FY2025 versus 1.2B CNY in FY2021, a compound −1.1%/yr. Reported net income was −14.5M CNY in FY2025.
Key figures
Market cap 2.4B CNY (≈ $362M) Small · P/S ratio 1.92 · EPS (TTM) ¥0.0100 · Dividend yield 0.5% · Net margin 0.1% · Return on equity 0.1% · Return on assets (EBIT) 1.3% (5-year average) · Operating margin 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −18%, 002921 screens cheaper than that median.
Fair Value models
Bear¥9.50Fair Value ¥13.33Bull¥18.45
Price ¥16.19 · Downside -17.7%
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 (¥0.0085 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.
Best data coverage
FCF DCF¥5.59¥7.84¥10.8581
Growth DCF¥5.60¥7.52¥9.9380
Owner Earnings¥4.38¥6.07¥8.3477
All 12 models by family
DCF Models
FCF DCF¥5.59¥7.84¥10.8581
Owner Earnings¥4.38¥6.07¥8.3477
5Y Revenue Exit¥2.88¥3.31¥3.7674
5Y EBITDA Exit¥7.53¥12.12¥17.5375
10Y Revenue Exit¥3.95¥4.61¥5.3468
10Y EBITDA Exit¥6.65¥10.16¥14.9268
Earnings-Based
EPV¥0.9600¥0.9900¥1.0274
Multiples
EV/EBITDA¥6.48¥9.54¥12.6066
Asset-Based
NCAV (Graham)¥0.1600¥0.2400¥0.300055
Growth DCF
Growth DCF¥5.60¥7.52¥9.9380
Rev-Margin DCF¥2.88¥3.41¥4.0774
Economic Profit
ROIC Compounder¥0.9600¥0.9900¥1.0272
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+7.7%
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.
−2.0%
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.
+4.9%
Start year 2020 (pandemic). Over 10 years: +8.6% a year
Revenue growth 12 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.
+7.2%
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Profit margin (trend) ⓘ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.
9.7% (2020) → 0.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+31.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +29.8% a year for the price.
Compare Shandong Liancheng Precision Manufacturing Co Ltd Class A with another stock
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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.Metal Fabrication · 259 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−17.7% · Above median
Profitability
Return on equity (12 months)0.1% · Bottom 25%
Return on assets−0.6% · Bottom 25%
Net margin (12 months)0.1% · Bottom 25%
Operating margin (12 months)3.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)38.5% · Top 25%
Dividend yield (12 months)0.5% · Below median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Metal Fabrication 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). "Shandong Liancheng Precision Manufacturing Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/002921
Frequently asked questions
Is Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥13.33 versus a price of ¥16.19, about 18% lower (overvalued).
What is the fair value of 002921?
Our model-based fair value for Shandong Liancheng Precision Manufacturing Co Ltd Class A is ¥13.33 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥16.19.
What is the quality score of 002921?
Shandong Liancheng Precision Manufacturing Co Ltd Class A 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Our model-based price target is the fair value of ¥13.33 (as of Nov 8, 2026) from 12 valuation models. Cautious scenario ¥9.50, optimistic scenario ¥18.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Shandong Liancheng Precision Manufacturing Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥13.33, about 18% lower versus a price of ¥16.19 (overvalued). Cautious scenario ¥9.50, optimistic scenario ¥18.45. The calculation is refreshed regularly with new filings.
What is the revenue of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Shandong Liancheng Precision Manufacturing Co Ltd Class A reported trailing-twelve-month revenue of about 1.3B CNY (latest available figure, as of Nov 8, 2026).
Does Shandong Liancheng Precision Manufacturing Co Ltd Class A pay a dividend?
Shandong Liancheng Precision Manufacturing Co Ltd Class A currently shows a dividend yield of 0.51% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Shandong Liancheng Precision Manufacturing Co Ltd Class A has a dividend yield of 0.5%.
What growth is priced into Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
For today's price to be fair in a discounted-cash-flow model, Shandong Liancheng Precision Manufacturing Co Ltd Class A would have to grow free cash flow by +31.9 % per year for five years (discount rate 11.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.9 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 002921 use?
Our models discount Shandong Liancheng Precision Manufacturing Co Ltd Class A at 11.3 %: a base by market capitalisation (small), 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A that is +31.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.3 %) and the same formula as our fair value.
How much growth has Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) delivered so far?
Over the past 5 years revenue at Shandong Liancheng Precision Manufacturing Co Ltd Class A grew +4.9 % a year. The price currently implies free-cash-flow growth of +31.9 % per 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Shandong Liancheng Precision Manufacturing Co Ltd Class A (+31.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The free-cash-flow yield on the price is 2.25 %: that much free cash flow Shandong Liancheng Precision Manufacturing Co Ltd Class A produces per unit of market value. When it exceeds the discount rate of our models (11.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shandong Liancheng Precision Manufacturing Co Ltd Class A it is ¥13.33 per share (as of Nov 8, 2026), against a price of ¥16.19. It is the blended result of 12 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Shandong Liancheng Precision Manufacturing Co Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 002921 trades above its calculated fair value: price ¥16.19, fair value ¥13.33, a gap of about −18% (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 002921?
No. The price is what the market pays today (¥16.19); the fair value is what the company's own numbers justify (¥13.33). For Shandong Liancheng Precision Manufacturing Co Ltd Class A the two are ¥2.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shandong Liancheng Precision Manufacturing Co Ltd Class A worth?
The market values Shandong Liancheng Precision Manufacturing Co Ltd Class A at about 2.4B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥16.19; our models calculate a fair value of ¥13.33 per share.
What do the bullish and bearish scenarios say about 002921?
Our models span a range for Shandong Liancheng Precision Manufacturing Co Ltd Class A: cautious scenario ¥9.50, base ¥13.33, optimistic ¥18.45 per share (as of Nov 8, 2026, price ¥16.19). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Balance-sheet figures for Shandong Liancheng Precision Manufacturing Co Ltd Class A (as of Nov 8, 2026): return on equity 0.1%, debt of 0.06 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 002921 from its 52-week high?
Shandong Liancheng Precision Manufacturing Co Ltd Class A trades at ¥16.19, about 50% below its 52-week high of ¥32.60 and 15% above the low of ¥14.08 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥13.33 is for.
Which stocks are comparable to Shandong Liancheng Precision Manufacturing Co Ltd Class A?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A stock attractive at the current price?
The data as of Nov 8, 2026: price ¥16.19, calculated fair value ¥13.33 (−18%), Quality Score 41/100, from 12 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 002921 calculated?
We run Shandong Liancheng Precision Manufacturing Co Ltd Class A through 12 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of ¥13.33 builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Shandong Liancheng Precision Manufacturing Co Ltd Class A 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The closing price on Nov 6, 2026 was ¥16.19. Our model-based fair value is ¥13.33, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shandong Liancheng Precision Manufacturing Co Ltd Class A right now?
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 (¥9.50 to ¥18.45) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) come from?
Earnings per share at Shandong Liancheng Precision Manufacturing Co Ltd Class A grew −16.1 % a year from 2013 to 2024. Broken into its drivers: revenue per share +3.6 %, EBIT margin −14.2 %, tax rate −1.7 %, residual (interest, one-offs) −4.0 %. 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A
How large is the market capitalisation of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The market capitalisation of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 2.4B CNY (≈ $362M). 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The price-to-sales ratio of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 1.92 (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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Earnings per share at Shandong Liancheng Precision Manufacturing Co Ltd Class A are ¥0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The dividend yield of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 0.5%. 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The net margin of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 0.1% (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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The return on equity (ROE) of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 0.1% (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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
On an EBIT basis the return on assets of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 1.3% (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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
The operating margin of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Revenue at Shandong Liancheng Precision Manufacturing Co Ltd Class A is growing +38.5% versus a year earlier (3y avg −2.0%). 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 Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921)?
Earnings per share at Shandong Liancheng Precision Manufacturing Co Ltd Class A are growing +201% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) carry?
The net debt of Shandong Liancheng Precision Manufacturing Co Ltd Class A is 403M CNY (fiscal year 2025, ≈ 7.4 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 8, 2026