Ming Yang Smart Energy Group Ltd (601615) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ming Yang Smart Energy Group Ltd stock ¥7.72, price ¥8.35, that is 7.5% below the price, quality 45 out of 100. Rating: fairly valued. 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 4, 2026.
How to read this chart
60‑month range ¥7.81 – ¥34.61 · fair‑value band ¥6.10 – ¥8.02 · the ¥8.35 price screens above the ¥7.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China.
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It offers onshore and offshore wind turbines; manufactures fan blades; offshore wind power technology; sells platforms; wind power equipment; wind power project investment; photovoltaic products; energy project development; develops and operates wind power; power generation and electricity sales; technology development and service; engineering design and construction; and software and technical services.
The company also offers blades, gearboxes, inverter systems, control systems, booster systems, and flexible DC output systems; and floating offshore wind platforms, and integrated solutions for wind, solar, storage, hydrogen, and gas.
Ming Yang Smart Energy Group Limited was founded in 2006 and is based in Zhongshan, China.
Stock analysis
Ming Yang Smart Energy Group Ltd (601615) currently trades at ¥8.35, while our model-based Fair Value estimate is ¥7.72, so the stock looks roughly fairly valued today (gap 8.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥8.71 per share, and 4 of the 16 models we run sit above the ¥8.35 price.
Bear case: the Economic Profit group reads lowest at ¥5.57, and 12 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥6.10 (bear) to ¥8.02 (bull), the price of ¥8.35 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 45/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Ming Yang Smart Energy Group Ltd reported revenue of 38.1B CNY in FY2025 versus 27.2B CNY in FY2021, a compound +8.8%/yr. Reported net income was 660M CNY in FY2025, compounding −32.4%/yr from FY2021.
Key figures
Market cap 18.9B CNY (≈ $2.8B) Mid · P/S ratio 0.50 · EPS (TTM) ¥−0.4900 · Dividend yield 2.2% · Net margin −3.0% · Return on equity −3.9% · Return on assets (EBIT) 2.8% (5-year average) · Operating margin −15.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (medium confidence).
What moves the price
The share trades about 68% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −46% fair-value upside, at −8%, 601615 screens cheaper than that median.
Fair Value models
Bear¥6.10Fair Value ¥7.72Bull¥8.02
Price ¥8.35 · Downside -7.5%
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.51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+40.3%
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.
+7.4%
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.
+11.1%
Start year 2020 (pandemic). Over 10 years: +18.6% a year
Revenue growth 17 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.
+28.6%
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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.
−32.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.0%
Dividend (yield on the price)2.2%
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.−20.2% vs −0.3%, 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.7% → 3%
2025 sits 75% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Ming Yang Smart Energy Group 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.Specialty Industrial Machinery · 813 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside−7.5% · Above median
Profitability
Return on assets0.7% · Below median
Net margin (12 months)−3.0% · Bottom 25%
Operating margin (12 months)−15.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−22.9% · Bottom 25%
Dividend yield (12 months)2.2% · Above median
Balance sheet
Debt / equity0.52× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery 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). "Ming Yang Smart Energy Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601615
Frequently asked questions
Is Ming Yang Smart Energy Group Ltd (601615) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥7.72 versus a price of ¥8.35, about 8% lower (fairly valued).
What is the fair value of 601615?
Our model-based fair value for Ming Yang Smart Energy Group Ltd is ¥7.72 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥8.35.
What is the quality score of 601615?
Ming Yang Smart Energy Group Ltd has a Quality Score of 45/100. 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 Ming Yang Smart Energy Group Ltd (601615)?
Our model-based price target is the fair value of ¥7.72 (as of Nov 4, 2026) from 16 valuation models. Cautious scenario ¥6.10, optimistic scenario ¥8.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Ming Yang Smart Energy Group Ltd stock forecast for 2026?
Our models put fair value at ¥7.72, about 8% lower versus a price of ¥8.35 (fairly valued). Cautious scenario ¥6.10, optimistic scenario ¥8.02. The calculation is refreshed regularly with new filings.
What is the revenue of Ming Yang Smart Energy Group Ltd (601615)?
Ming Yang Smart Energy Group Ltd reported trailing-twelve-month revenue of about 35.9B CNY (latest available figure, as of Nov 4, 2026).
Does Ming Yang Smart Energy Group Ltd pay a dividend?
Ming Yang Smart Energy Group Ltd currently shows a dividend yield of 2.22% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Ming Yang Smart Energy Group Ltd (601615) and when is the ex-dividend date?
Ming Yang Smart Energy Group Ltd pays a dividend of ¥0.185 per share a year, a dividend yield of 2.2%. The last ex-dividend date was Jul 8, 2026. The payout ratio is 63.4% 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 Ming Yang Smart Energy Group Ltd (601615)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ming Yang Smart Energy Group Ltd it is ¥7.72 per share (as of Nov 4, 2026), against a price of ¥8.35. It is the blended result of 16 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ming Yang Smart Energy Group Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 601615 trades above its calculated fair value: price ¥8.35, fair value ¥7.72, a gap of about −8% (fairly valued). 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 601615?
No. The price is what the market pays today (¥8.35); the fair value is what the company's own numbers justify (¥7.72). For Ming Yang Smart Energy Group Ltd the two are ¥0.6300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ming Yang Smart Energy Group Ltd worth?
The market values Ming Yang Smart Energy Group Ltd at about 18.9B CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥8.35; our models calculate a fair value of ¥7.72 per share.
What do the bullish and bearish scenarios say about 601615?
Our models span a range for Ming Yang Smart Energy Group Ltd: cautious scenario ¥6.10, base ¥7.72, optimistic ¥8.02 per share (as of Nov 4, 2026, price ¥8.35). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ming Yang Smart Energy Group Ltd (601615)?
Balance-sheet figures for Ming Yang Smart Energy Group Ltd (as of Nov 4, 2026): return on equity −3.9%, debt of 0.52 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 601615 from its 52-week high?
Ming Yang Smart Energy Group Ltd trades at ¥8.35, about 68% below its 52-week high of ¥25.85 and 7% above the low of ¥7.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥7.72 is for.
Which stocks are comparable to Ming Yang Smart Energy Group Ltd?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin 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 Ming Yang Smart Energy Group Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price ¥8.35, calculated fair value ¥7.72 (−8%), Quality Score 45/100, 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 601615 calculated?
We run Ming Yang Smart Energy Group Ltd through 16 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥7.72 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. Ming Yang Smart Energy Group 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 Ming Yang Smart Energy Group Ltd (601615)?
The closing price on Nov 6, 2026 was ¥8.35. Our model-based fair value is ¥7.72, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ming Yang Smart Energy Group Ltd right now?
The price sits above even our optimistic bull case (¥8.02). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Ming Yang Smart Energy Group Ltd (601615) come from?
Earnings per share at Ming Yang Smart Energy Group Ltd grew +12.6 % a year from 2014 to 2024. Broken into its drivers: revenue per share +10.3 %, EBIT margin −0.8 %, tax rate +1.0 %, residual (interest, one-offs) +1.8 %. 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 Ming Yang Smart Energy Group Ltd
How large is the market capitalisation of Ming Yang Smart Energy Group Ltd (601615)?
The market capitalisation of Ming Yang Smart Energy Group Ltd is 18.9B CNY (≈ $2.8B). 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 Ming Yang Smart Energy Group Ltd (601615)?
The price-to-sales ratio of Ming Yang Smart Energy Group Ltd is 0.50 (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 Ming Yang Smart Energy Group Ltd (601615)?
Earnings per share at Ming Yang Smart Energy Group Ltd are ¥−0.4900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ming Yang Smart Energy Group Ltd (601615)?
The dividend yield of Ming Yang Smart Energy Group Ltd is 2.2%. 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 Ming Yang Smart Energy Group Ltd (601615)?
The net margin of Ming Yang Smart Energy Group Ltd is −3.0% (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 Ming Yang Smart Energy Group Ltd (601615)?
The return on equity (ROE) of Ming Yang Smart Energy Group Ltd is −3.9% (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 Ming Yang Smart Energy Group Ltd (601615)?
On an EBIT basis the return on assets of Ming Yang Smart Energy Group Ltd is 2.8% (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 Ming Yang Smart Energy Group Ltd (601615)?
The operating margin of Ming Yang Smart Energy Group Ltd is −15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ming Yang Smart Energy Group Ltd (601615)?
Revenue at Ming Yang Smart Energy Group Ltd is growing −22.9% versus a year earlier (3y avg +7.4%). 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 Ming Yang Smart Energy Group Ltd (601615)?
Earnings per share at Ming Yang Smart Energy Group Ltd are growing −68.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ming Yang Smart Energy Group Ltd (601615) generate?
The free cash flow of Ming Yang Smart Energy Group Ltd is −8.1B 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 Ming Yang Smart Energy Group Ltd (601615) carry?
The net debt of Ming Yang Smart Energy Group Ltd is 6.8B CNY (fiscal year 2025). 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 4, 2026