Yeal Electric Co.Ltd (300923) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Yeal Electric Co.Ltd stock ¥7.43, price ¥19.82, that is 62.5% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 16 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 7, 2026.
How to read this chart
60‑month range ¥11.08 – ¥32.28 · fair‑value band ¥5.20 – ¥9.65 · the ¥19.82 price screens above the ¥7.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Yeal Electric Co., Ltd. engages in the research and development, production, and sales of rail vehicle electrical equipment, which are used in urban rail vehicles.
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Its products include driver console, driver's cab electrical control cabinet, passenger compartment electrical control cabinet, lighting control system, logic control unit, battery management system, low-voltage electrical appliance monitoring system, emergency ventilation inverter box, high and low-voltage junction box, on-board battery box, on-board air purification equipment, vehicle electrical wiring harness, and other rail vehicle electrical equipment.
It provides maintenance of electrical equipment for EMUs and high-speed rail vehicles, lighting fixtures, and electrical equipment for urban rail vehicles. The company was founded in 1986 and is based in Changchun, China.
Stock analysis
Yeal Electric Co.Ltd (300923) currently trades at ¥19.82, while our model-based Fair Value estimate is ¥7.43, 63% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥11.65 per share, and 1 of the 16 models we run sit above the ¥19.82 price.
Bear case: the DCF Models group reads lowest at ¥4.01, and 15 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥5.20 (bear) to ¥9.65 (bull), the price of ¥19.82 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 53/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Yeal Electric Co.Ltd reported revenue of 464M CNY in FY2025 versus 409M CNY in FY2021, a compound +3.2%/yr. Reported net income was 34.6M CNY in FY2025, compounding −17.7%/yr from FY2021.
Key figures
Market cap 1.6B CNY (≈ $233M) Micro · P/E ratio 63.9 · P/S ratio 4.04 · EPS (TTM) ¥0.3100 · Dividend yield 2.3% · Net margin 6.4% · Return on equity 2.2% · Return on assets (EBIT) 4.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −19% fair-value upside, at −63%, 300923 screens richer than that median.
Fair Value models
Bear¥5.20Fair Value ¥7.43Bull¥9.65
Price ¥19.82 · Downside -62.5%
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.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.33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−1.5%
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.
+3.2%
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.
+5.9%
Start year 2020 (pandemic)
Revenue growth 9 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.
+3.1%
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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.
−12.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.8%
Dividend (yield on the price)2.3%
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.−14.8% vs −10.3%, 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.19% → 10%
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.Railroads · 108 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−62.5% · Bottom 25%
Profitability
Return on equity (12 months)2.2% · Bottom 25%
Return on assets2.6% · Below median
Net margin (12 months)6.4% · Below median
Operating margin (12 months)6.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)−45.3% · Bottom 25%
Dividend yield (12 months)2.3% · Above median
Valuation Multiplesvs Railroads median · lower = cheaper
P/E (12 months)63.9× · Priciest 25%
P/B1.36× · Cheaper than median
P/S (12 months)4.04× · Pricier than median
EV/EBITDA43.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 18
FUTURE (revenue growth)0· sector 20
PAST (return on equity)9· sector 30
HEALTH (low debt)0· sector 91
DIVIDEND (yield)45· sector 42
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). "Yeal Electric Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/300923
Frequently asked questions
Is Yeal Electric Co.Ltd (300923) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ¥7.43 versus a price of ¥19.82, about 63% lower (overvalued).
What is the fair value of 300923?
Our model-based fair value for Yeal Electric Co.Ltd is ¥7.43 (as of Nov 7, 2026), built from audited fundamentals. The current price: ¥19.82.
What is the quality score of 300923?
Yeal Electric Co.Ltd has a Quality Score of 53/100. 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 Yeal Electric Co.Ltd (300923)?
Our model-based price target is the fair value of ¥7.43 (as of Nov 7, 2026) from 16 valuation models. Cautious scenario ¥5.20, optimistic scenario ¥9.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Yeal Electric Co.Ltd stock forecast for 2026?
Our models put fair value at ¥7.43, about 63% lower versus a price of ¥19.82 (overvalued). Cautious scenario ¥5.20, optimistic scenario ¥9.65. The calculation is refreshed regularly with new filings.
What is the revenue of Yeal Electric Co.Ltd (300923)?
Yeal Electric Co.Ltd reported trailing-twelve-month revenue of about 385M CNY (latest available figure, as of Nov 7, 2026).
Does Yeal Electric Co.Ltd pay a dividend?
Yeal Electric Co.Ltd currently shows a dividend yield of 2.27% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Yeal Electric Co.Ltd (300923) and when is the ex-dividend date?
Yeal Electric Co.Ltd pays a dividend of ¥0.45 per share a year, a dividend yield of 2.3%. The last ex-dividend date was Jun 2, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 145% of earnings. Our assessment: Pays more than it earns. The company pays out more in dividends than it earns, and free cash flow clearly does not cover the dividend either. It may need to be cut unless profits recover.
What is the intrinsic value of Yeal Electric Co.Ltd (300923)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Yeal Electric Co.Ltd it is ¥7.43 per share (as of Nov 7, 2026), against a price of ¥19.82. It is the blended result of 16 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Yeal Electric Co.Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 300923 trades above its calculated fair value: price ¥19.82, fair value ¥7.43, a gap of about −63% (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 300923?
No. The price is what the market pays today (¥19.82); the fair value is what the company's own numbers justify (¥7.43). For Yeal Electric Co.Ltd the two are ¥12.39 per share apart. That gap is exactly why we show both numbers side by side.
How much is Yeal Electric Co.Ltd worth?
The market values Yeal Electric Co.Ltd at about 1.6B CNY (market capitalisation, as of Nov 7, 2026). Per share that is ¥19.82; our models calculate a fair value of ¥7.43 per share.
What do the bullish and bearish scenarios say about 300923?
Our models span a range for Yeal Electric Co.Ltd: cautious scenario ¥5.20, base ¥7.43, optimistic ¥9.65 per share (as of Nov 7, 2026, price ¥19.82). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 300923?
Yeal Electric Co.Ltd trades at a price-to-earnings ratio of 63.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥7.43 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 36.9. Other multiples: P/B 1.4, P/S 4.0, EV/EBITDA 43.2.
How solid is the balance sheet of Yeal Electric Co.Ltd (300923)?
Balance-sheet figures for Yeal Electric Co.Ltd (as of Nov 7, 2026): return on equity 2.2%. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 300923 from its 52-week high?
Yeal Electric Co.Ltd trades at ¥19.82, about 33% below its 52-week high of ¥29.38 and 8% above the low of ¥18.38 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.43 is for.
Which stocks are comparable to Yeal Electric Co.Ltd?
From the same area (Industrials) we also value Union Pacific Corporation, CSX Corporation, Canadian Pacific Kansas City Limited, Norfolk Southern Corporation, 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 Yeal Electric Co.Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price ¥19.82, calculated fair value ¥7.43 (−63%), Quality Score 53/100, from 16 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 300923 calculated?
We run Yeal Electric Co.Ltd through 16 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 ¥7.43 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. Yeal Electric 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 Yeal Electric Co.Ltd (300923)?
The closing price on Nov 6, 2026 was ¥19.82. Our model-based fair value is ¥7.43, about 63% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Yeal Electric Co.Ltd right now?
The price sits above even our optimistic bull case (¥9.65). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (¥5.20 to ¥9.65) leaves room in how you read the outcome.
Key figures of Yeal Electric Co.Ltd
How large is the market capitalisation of Yeal Electric Co.Ltd (300923)?
The market capitalisation of Yeal Electric Co.Ltd is 1.6B CNY (≈ $233M). 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 Yeal Electric Co.Ltd (300923)?
The price-to-sales ratio of Yeal Electric Co.Ltd is 4.04 (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 Yeal Electric Co.Ltd (300923)?
Earnings per share at Yeal Electric Co.Ltd are ¥0.3100 (price ÷ EPS = P/E 63.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Yeal Electric Co.Ltd (300923)?
The dividend yield of Yeal Electric Co.Ltd is 2.3% (payout 145%). 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 Yeal Electric Co.Ltd (300923)?
The net margin of Yeal Electric Co.Ltd is 6.4% (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 Yeal Electric Co.Ltd (300923)?
The return on equity (ROE) of Yeal Electric Co.Ltd is 2.2% (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 Yeal Electric Co.Ltd (300923)?
On an EBIT basis the return on assets of Yeal Electric Co.Ltd is 4.4% (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 Yeal Electric Co.Ltd (300923)?
The operating margin of Yeal Electric Co.Ltd is 6.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Yeal Electric Co.Ltd (300923)?
Revenue at Yeal Electric Co.Ltd is growing −45.3% versus a year earlier (3y avg +3.2%). 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 Yeal Electric Co.Ltd (300923)?
Earnings per share at Yeal Electric Co.Ltd are growing −42.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Yeal Electric Co.Ltd (300923) generate?
The free cash flow of Yeal Electric Co.Ltd 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 Yeal Electric Co.Ltd (300923) hold?
Yeal Electric Co.Ltd holds more cash than debt, 155M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026