AVIC Chengdu Aircraft Co Ltd Class A (302132) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of AVIC Chengdu Aircraft Co Ltd Class A stock ¥12.60, price ¥70.58, that is 82.2% below the price, quality 30 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 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 5, 2026.
How to read this chart
60‑month range ¥8.90 – ¥91.89 · fair‑value band ¥10.30 – ¥16.12 · the ¥70.58 price screens above the ¥12.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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AVIC Chengdu Aircraft Company Limited manufactures and sells aircraft equipment, aviation component, and intelligent measurement and control products in China and internationally. It offers motor vehicle inspection equipment; sensors and instruments; and weighing control systems.
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The company also engages in the research and experimental development activities. In addition, it provides military and civil aviation, as well as non-aviation products.
The company was formerly known as Zhonghang Electronic Measuring Instruments Co.,Ltd and changed its name to AVIC Chengdu Aircraft Company Limited in January 2025. AVIC Chengdu Aircraft Company Limited was founded in 1965 and is based in Chengdu, the People's Republic of China.
AVIC Chengdu Aircraft Company Limited is a subsidiary of Aviation Industry Corporation of China,Ltd.
Stock analysis
AVIC Chengdu Aircraft Co Ltd Class A (302132) currently trades at ¥70.58, while our model-based Fair Value estimate is ¥12.60, 82% 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 ¥24.39 per share, and 0 of the 17 models we run sit above the ¥70.58 price.
Bear case: the Asset-Based group reads lowest at ¥4.44, and 17 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥10.30 (bear) to ¥16.12 (bull), the price of ¥70.58 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 30/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
AVIC Chengdu Aircraft Co Ltd Class A reported revenue of 75.4B CNY in FY2025 versus 1.9B CNY in FY2021, a compound +149.6%/yr. Reported net income was 3.4B CNY in FY2025, compounding +82.9%/yr from FY2021.
Key figures
Market cap 189B CNY (≈ $28.3B) Large · P/E ratio 336.1 · P/S ratio 15.3 · EPS (TTM) ¥0.2100 · Dividend yield 0.5% · Net margin 4.6% · Return on equity 9.5% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −20% fair-value upside, at −82%, 302132 screens richer than that median.
Fair Value models
Bear¥10.30Fair Value ¥12.60Bull¥16.12
Price ¥70.58 · Downside -82.2%
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.
Best data coverage
Owner Earnings¥12.12¥14.82¥18.9778
Residual Income¥7.95¥10.12¥14.5075
EPV¥19.24¥20.96¥22.4374
All 17 models by family
DCF Models
Owner Earnings¥12.12¥14.82¥18.9778
Earnings-Based
Graham-Dodd¥8.73¥35.09¥47.7264
Lynch FV¥8.74¥12.49¥16.2361
PEG = 1.0¥8.74¥12.49¥16.2357
EPV¥19.24¥20.96¥22.4374
Dividend Discount
Gordon GGM¥5.75¥11.11¥16.3167
DDM Multi-Stage¥5.75¥9.78¥11.7867
Multiples
P/E Multiple¥20.23¥26.97¥33.7263
P/S Multiple¥16.38¥21.84¥27.3058
P/B Multiple¥22.39¥29.85¥37.3255
EV/EBIT¥18.28¥24.39¥30.5166
EV/EBITDA¥20.82¥27.79¥34.7667
EV/Revenue¥13.02¥18.64¥24.2553
Asset-Based
NCAV (Graham)¥3.32¥4.44¥6.6354
Economic Profit
Residual Income¥7.95¥10.12¥14.5075
ROIC Compounder¥19.26¥21.01¥22.5172
Growth Earnings
Growth-Adj P/E¥15.31¥21.88¥28.4467
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4,134.2%
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.
+240.7%
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.
+112.0%
Start year 2020 (pandemic). Over 10 years: +53.7% a year
Revenue growth 18 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.
+38.0%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
−13.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.8%
Dividend (yield on the price)0.5%
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.23.7% vs 22.7%, steady
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.15% → 5%
2025 sits 576% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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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.Scientific & Technical Instruments · 158 stocks
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Cite: Fair Value Calculator (2026). "AVIC Chengdu Aircraft Co Ltd Class A Fair Value". https://www.fairvalue-calculator.com/stock/302132
Frequently asked questions
Is AVIC Chengdu Aircraft Co Ltd Class A (302132) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥12.60 versus a price of ¥70.58, about 82% lower (overvalued).
What is the fair value of 302132?
Our model-based fair value for AVIC Chengdu Aircraft Co Ltd Class A is ¥12.60 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥70.58.
What is the quality score of 302132?
AVIC Chengdu Aircraft Co Ltd Class A has a Quality Score of 30/100. 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Our model-based price target is the fair value of ¥12.60 (as of Nov 5, 2026) from 17 valuation models. Cautious scenario ¥10.30, optimistic scenario ¥16.12. It is a calculation from audited fundamentals, not an analyst target.
What is the AVIC Chengdu Aircraft Co Ltd Class A stock forecast for 2026?
Our models put fair value at ¥12.60, about 82% lower versus a price of ¥70.58 (overvalued). Cautious scenario ¥10.30, optimistic scenario ¥16.12. The calculation is refreshed regularly with new filings.
What is the revenue of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
AVIC Chengdu Aircraft Co Ltd Class A reported trailing-twelve-month revenue of about 50.5B CNY (latest available figure, as of Nov 5, 2026).
Does AVIC Chengdu Aircraft Co Ltd Class A pay a dividend?
AVIC Chengdu Aircraft Co Ltd Class A currently shows a dividend yield of 0.55% relative to its recent price (as of Nov 5, 2026).
What is the intrinsic value of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AVIC Chengdu Aircraft Co Ltd Class A it is ¥12.60 per share (as of Nov 5, 2026), against a price of ¥70.58. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is AVIC Chengdu Aircraft Co Ltd Class A stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 302132 trades above its calculated fair value: price ¥70.58, fair value ¥12.60, a gap of about −82% (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 302132?
No. The price is what the market pays today (¥70.58); the fair value is what the company's own numbers justify (¥12.60). For AVIC Chengdu Aircraft Co Ltd Class A the two are ¥57.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is AVIC Chengdu Aircraft Co Ltd Class A worth?
The market values AVIC Chengdu Aircraft Co Ltd Class A at about 189B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥70.58; our models calculate a fair value of ¥12.60 per share.
What do the bullish and bearish scenarios say about 302132?
Our models span a range for AVIC Chengdu Aircraft Co Ltd Class A: cautious scenario ¥10.30, base ¥12.60, optimistic ¥16.12 per share (as of Nov 5, 2026, price ¥70.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 302132?
AVIC Chengdu Aircraft Co Ltd Class A trades at a price-to-earnings ratio of 336.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥12.60 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings: 34.0. Other multiples: P/B 8.9, P/S 3.7, EV/EBITDA 43.4.
How solid is the balance sheet of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Balance-sheet figures for AVIC Chengdu Aircraft Co Ltd Class A (as of Nov 5, 2026): return on equity 9.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is 302132 from its 52-week high?
AVIC Chengdu Aircraft Co Ltd Class A trades at ¥70.58, about 2% below its 52-week high of ¥72.18 and 12% above the low of ¥62.88 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥12.60 is for.
Which stocks are comparable to AVIC Chengdu Aircraft Co Ltd Class A?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 AVIC Chengdu Aircraft Co Ltd Class A stock attractive at the current price?
The data as of Nov 5, 2026: price ¥70.58, calculated fair value ¥12.60 (−82%), Quality Score 30/100, 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 302132 calculated?
We run AVIC Chengdu Aircraft Co Ltd Class A through 17 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 ¥12.60, 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 15.5% above its aggregate fair value. AVIC Chengdu Aircraft 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The closing price on Nov 5, 2026 was ¥70.58. Our model-based fair value is ¥12.60, about 82% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AVIC Chengdu Aircraft Co Ltd Class A right now?
The price sits above even our optimistic bull case (¥16.12). The favourable scenario is already priced in. Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of AVIC Chengdu Aircraft Co Ltd Class A (302132) come from?
Earnings per share at AVIC Chengdu Aircraft Co Ltd Class A grew +6.0 % a year from 2013 to 2024. Broken into its drivers: revenue per share +7.4 %, EBIT margin −5.2 %, tax rate +1.5 %, residual (interest, one-offs) +2.5 %. 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 AVIC Chengdu Aircraft Co Ltd Class A
How large is the market capitalisation of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The market capitalisation of AVIC Chengdu Aircraft Co Ltd Class A is 189B CNY (≈ $28.3B). 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The price-to-sales ratio of AVIC Chengdu Aircraft Co Ltd Class A is 15.3 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Earnings per share at AVIC Chengdu Aircraft Co Ltd Class A are ¥0.2100 (price ÷ EPS = P/E 336.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The dividend yield of AVIC Chengdu Aircraft Co Ltd Class A is 0.5% (payout 184%). 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The net margin of AVIC Chengdu Aircraft Co Ltd Class A is 4.6% (fiscal year 2025). 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The return on equity (ROE) of AVIC Chengdu Aircraft Co Ltd Class A is 9.5% (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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
On an EBIT basis the return on assets of AVIC Chengdu Aircraft Co Ltd Class A is 4.3% (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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
The operating margin of AVIC Chengdu Aircraft Co Ltd Class A is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Revenue at AVIC Chengdu Aircraft Co Ltd Class A is growing −70.0% versus a year earlier (3y avg +241%). 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 AVIC Chengdu Aircraft Co Ltd Class A (302132)?
Earnings per share at AVIC Chengdu Aircraft Co Ltd Class A are growing −86.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does AVIC Chengdu Aircraft Co Ltd Class A (302132) generate?
The free cash flow of AVIC Chengdu Aircraft Co Ltd Class A is −4.4B 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 debt does AVIC Chengdu Aircraft Co Ltd Class A (302132) carry?
The net debt of AVIC Chengdu Aircraft Co Ltd Class A is 221M CNY (fiscal year 2024). 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 5, 2026