Zhejiang Zhe Kuang Heavy Industry (300837) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Zhejiang Zhe Kuang Heavy Industry stock ¥9.94, price ¥18.62, that is 46.6% below the price, quality 52 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 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 ¥16.28 – ¥65.32 · fair‑value band ¥9.94 – ¥10.26 · the ¥18.62 price screens above the ¥9.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Zhe Kuang Heavy Industry Co.,Ltd. provides large-scale mining machinery and equipment, resource recycling, and utilization equipment in China and internationally.
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The company's products comprise crushing series, such as gyratory crushers, jaw crushers, cone crushers, roller crushers, multi-cylinder cone crushers, vertical shaft impact crushers, and high-pressure roller mills; sieve series, including round shakers, oval shakers, three-axis horizontal screens, banana shakers, and linear vibrating screens; wash series, such as wheel sand washing machines, sand and gravel washing machines, and fine sand recovery devices; feeding series, comprising seated feeders, twin-shaft feeders, and vibrating feeders; and modular series used for crushing and grading in the fields of building raw materials, metallurgy, coal, and other industries.
The company was formerly known as Zhejiang Zhe Kuang Heavy Industries Co., Ltd. Zhe Kuang Heavy Industry Co.,Ltd. was founded in 2003 and is headquartered in Changxing, China.
Stock analysis
Zhejiang Zhe Kuang Heavy Industry (300837) currently trades at ¥18.62, while our model-based Fair Value estimate is ¥9.94, 47% 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 ¥17.99 per share, and 4 of the 17 models we run sit above the ¥18.62 price.
Bear case: the Dividend Discount group reads lowest at ¥3.76, and 13 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥9.94 (bear) to ¥10.26 (bull), the price of ¥18.62 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 52/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zhejiang Zhe Kuang Heavy Industry reported revenue of 680M CNY in FY2025 versus 573M CNY in FY2021, a compound +4.4%/yr. Reported net income was 76.3M CNY in FY2025, compounding −16.6%/yr from FY2021.
Key figures
Market cap 1.9B CNY (≈ $279M) Micro · P/E ratio 32.7 · P/S ratio 3.03 · EPS (TTM) ¥0.5700 · Dividend yield 1.6% · Net margin 9.7% · Return on equity 4.2% · Return on assets (EBIT) 8.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 71% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 10% fair-value upside, at −47%, 300837 screens richer than that median.
Fair Value models
Bear¥9.94Fair Value ¥9.94Bull¥10.26
Price ¥18.62 · Downside -46.6%
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 (¥0.2315 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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+4.2%
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.
−0.7%
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.
+8.0%
Start year 2020 (pandemic)
Revenue growth 13 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.
+14.8%
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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.
−9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.2%
Dividend (yield on the price)1.6%
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.−11.2% vs 3.9%, slowing
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.30% → 14%
Compare Zhejiang Zhe Kuang Heavy Industry 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.Farm & Heavy Construction Machinery · 146 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−46.6% · Bottom 25%
Profitability
Return on equity (12 months)4.2% · Below median
Return on assets3.5% · Below median
Net margin (12 months)9.7% · Above median
Operating margin (12 months)12.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)−27.8% · Bottom 25%
Dividend yield (12 months)1.6% · Below median
Balance sheet
Debt / equity0.21× · Above median
Valuation Multiplesvs Farm & Heavy Construction Machinery median · lower = cheaper
P/E (12 months)32.7× · Priciest 25%
P/B1.29× · Cheaper than median
P/S (12 months)3.03× · Priciest 25%
EV/EBITDA17.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)0· sector 45
PAST (return on equity)17· sector 37
HEALTH (low debt)90· sector 94
DIVIDEND (yield)32· sector 38
VALUE 0: the price sits above our fair-value range.
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). "Zhejiang Zhe Kuang Heavy Industry Fair Value". https://www.fairvalue-calculator.com/stock/300837
Frequently asked questions
Is Zhejiang Zhe Kuang Heavy Industry (300837) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ¥9.94 versus a price of ¥18.62, about 47% lower (overvalued).
What is the fair value of 300837?
Our model-based fair value for Zhejiang Zhe Kuang Heavy Industry is ¥9.94 (as of Nov 8, 2026), built from audited fundamentals. The current price: ¥18.62.
What is the quality score of 300837?
Zhejiang Zhe Kuang Heavy Industry has a Quality Score of 52/100. 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 Zhejiang Zhe Kuang Heavy Industry (300837)?
Our model-based price target is the fair value of ¥9.94 (as of Nov 8, 2026) from 17 valuation models. Cautious scenario ¥9.94, optimistic scenario ¥10.26. It is a calculation from audited fundamentals, not an analyst target.
What is the Zhejiang Zhe Kuang Heavy Industry stock forecast for 2026?
Our models put fair value at ¥9.94, about 47% lower versus a price of ¥18.62 (overvalued). Cautious scenario ¥9.94, optimistic scenario ¥10.26. The calculation is refreshed regularly with new filings.
What is the revenue of Zhejiang Zhe Kuang Heavy Industry (300837)?
Zhejiang Zhe Kuang Heavy Industry reported trailing-twelve-month revenue of about 614M CNY (latest available figure, as of Nov 8, 2026).
Does Zhejiang Zhe Kuang Heavy Industry pay a dividend?
Zhejiang Zhe Kuang Heavy Industry currently shows a dividend yield of 1.61% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Zhejiang Zhe Kuang Heavy Industry (300837) and when is the ex-dividend date?
Zhejiang Zhe Kuang Heavy Industry pays a dividend of ¥0.3 per share a year, a dividend yield of 1.6%. The last ex-dividend date was Jun 3, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 52.6% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Zhejiang Zhe Kuang Heavy Industry (300837)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zhejiang Zhe Kuang Heavy Industry it is ¥9.94 per share (as of Nov 8, 2026), against a price of ¥18.62. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Zhejiang Zhe Kuang Heavy Industry stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 300837 trades above its calculated fair value: price ¥18.62, fair value ¥9.94, a gap of about −47% (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 300837?
No. The price is what the market pays today (¥18.62); the fair value is what the company's own numbers justify (¥9.94). For Zhejiang Zhe Kuang Heavy Industry the two are ¥8.68 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zhejiang Zhe Kuang Heavy Industry worth?
The market values Zhejiang Zhe Kuang Heavy Industry at about 1.9B CNY (market capitalisation, as of Nov 8, 2026). Per share that is ¥18.62; our models calculate a fair value of ¥9.94 per share.
What do the bullish and bearish scenarios say about 300837?
Our models span a range for Zhejiang Zhe Kuang Heavy Industry : cautious scenario ¥9.94, base ¥9.94, optimistic ¥10.26 per share (as of Nov 8, 2026, price ¥18.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300837?
Zhejiang Zhe Kuang Heavy Industry trades at a price-to-earnings ratio of 32.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥9.94 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 30.0. Other multiples: P/B 1.3, P/S 3.0, EV/EBITDA 17.1.
How solid is the balance sheet of Zhejiang Zhe Kuang Heavy Industry (300837)?
Balance-sheet figures for Zhejiang Zhe Kuang Heavy Industry (as of Nov 8, 2026): return on equity 4.2%, debt of 0.21 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 300837 from its 52-week high?
Zhejiang Zhe Kuang Heavy Industry trades at ¥18.62, about 71% below its 52-week high of ¥65.32 and 2% above the low of ¥18.20 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ¥9.94 is for.
Which stocks are comparable to Zhejiang Zhe Kuang Heavy Industry ?
From the same area (Industrials) we also value Caterpillar Inc, Deere & Company, PACCAR Inc, Daimler Truck Holding, 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 Zhejiang Zhe Kuang Heavy Industry stock attractive at the current price?
The data as of Nov 8, 2026: price ¥18.62, calculated fair value ¥9.94 (−47%), Quality Score 52/100, from 17 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 300837 calculated?
We run Zhejiang Zhe Kuang Heavy Industry through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥9.94 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 13.3% above its aggregate fair value. Zhejiang Zhe Kuang Heavy Industry 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 Zhejiang Zhe Kuang Heavy Industry (300837)?
The closing price on Nov 9, 2026 was ¥18.62. Our model-based fair value is ¥9.94, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zhejiang Zhe Kuang Heavy Industry right now?
The price sits above even our optimistic bull case (¥10.26). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (¥9.94 to ¥10.26), unusually little disagreement for a valuation.
Where does the earnings growth of Zhejiang Zhe Kuang Heavy Industry (300837) come from?
Earnings per share at Zhejiang Zhe Kuang Heavy Industry grew +7.8 % a year from 2013 to 2024. Broken into its drivers: revenue per share +5.5 %, EBIT margin +3.0 %, tax rate +0.1 %, residual (interest, one-offs) −1.0 %. 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 Zhejiang Zhe Kuang Heavy Industry
How large is the market capitalisation of Zhejiang Zhe Kuang Heavy Industry (300837)?
The market capitalisation of Zhejiang Zhe Kuang Heavy Industry is 1.9B CNY (≈ $279M). 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 Zhejiang Zhe Kuang Heavy Industry (300837)?
The price-to-sales ratio of Zhejiang Zhe Kuang Heavy Industry is 3.03 (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 Zhejiang Zhe Kuang Heavy Industry (300837)?
Earnings per share at Zhejiang Zhe Kuang Heavy Industry are ¥0.5700 (price ÷ EPS = P/E 32.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zhejiang Zhe Kuang Heavy Industry (300837)?
The dividend yield of Zhejiang Zhe Kuang Heavy Industry is 1.6% (payout 52.6%). 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 Zhejiang Zhe Kuang Heavy Industry (300837)?
The net margin of Zhejiang Zhe Kuang Heavy Industry is 9.7% (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 Zhejiang Zhe Kuang Heavy Industry (300837)?
The return on equity (ROE) of Zhejiang Zhe Kuang Heavy Industry is 4.2% (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 Zhejiang Zhe Kuang Heavy Industry (300837)?
On an EBIT basis the return on assets of Zhejiang Zhe Kuang Heavy Industry is 8.0% (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 Zhejiang Zhe Kuang Heavy Industry (300837)?
The operating margin of Zhejiang Zhe Kuang Heavy Industry is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zhejiang Zhe Kuang Heavy Industry (300837)?
Revenue at Zhejiang Zhe Kuang Heavy Industry is growing −27.8% versus a year earlier (3y avg −0.7%). 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 Zhejiang Zhe Kuang Heavy Industry (300837)?
Earnings per share at Zhejiang Zhe Kuang Heavy Industry are growing −69.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zhejiang Zhe Kuang Heavy Industry (300837) generate?
The free cash flow of Zhejiang Zhe Kuang Heavy Industry is −33.4M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Zhejiang Zhe Kuang Heavy Industry (300837) hold?
Zhejiang Zhe Kuang Heavy Industry holds more cash than debt, 366M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 8, 2026