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Lanzhou LS Heavy Equipment Co (603169) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Lanzhou LS Heavy Equipment Co stock ¥1.17, price ¥5.54, that is 78.9% below the price, quality 34 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials CN · ISIN CNE100001T31

LL Lanzhou LS Heavy Equipment Co logo Thin data Nov 5, 2026

Lanzhou LS Heavy Equipment Co

603169 · SHG
Very expensive, weak quality

Our calculation puts a fair price 79% below what the stock costs today.

Expensive Growth (revenue 5y +17.5 %/yr in CNY)
Moderate debt
Revenue last quarter 28% below a year ago.
Fair value ¥1.17 · Strongly overvalued (−78.9%)
Quality 34/100
Loss-making · -13.7% net margin (TTM)
Negative free cash flow
Trails peers (1/11)
Narrow moat 6/100 · thin data
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥13.43 ¥4.07 Fair Value ¥1.17 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range ¥4.07 – ¥13.43 · fair‑value band ¥0.8700 – ¥1.74 · the ¥5.54 price screens above the ¥1.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

Lanzhou LS Heavy Equipment Co., Ltd engages in the research and development, design, manufacture, engineering, and maintenance services of traditional energy and chemical, new energy, industrial intelligent equipment, and energy-saving and environmental protection equipment in China and internationally.

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The company offers nuclear chemical equipment, nuclear fuel storage and transportation containers, and chamber equipment.

It also provides pressure vessel, reforming reactor, hydrogenation reactor, threaded locking heat exchanger, diaphragm heat exchanger, high pressure vessel, circulating hydrogen desulfurization towers, etc. used in oil refining field; high-pressure tube reactors, large towers, etc. used in chemical industry; gasifiers, fischer-tropsch reactors, conversion furnaces, water scrubber, intermediate heat exchangers, waste heat boilers, used in coal chemical industry; reactors, vaporizers, reactors, coolers, and special material containers used in fine chemical industry.

In addition, the company offers nuclear power plant pressure vessels, storage tanks, plate and micro-channel heat exchangers, fuel storage systems; loading and unloading systems for high-temperature gas-cooled reactor nuclear power plants.

Further, the company provides nuclear fuel cycle reprocessing plants, post-processing, and product storage related products.

Additionally, it offers new energy equipment, such as nuclear energy equipment, hydrogen energy equipment, photovoltaic equipment, and photothermal energy storage equipment; and new metal materials such as resistant alloys, titanium and copper alloys, steels and structural steel materials, as well as provides technical services, and EPC engineering general contracting.

Lanzhou LS Heavy Equipment Co., Ltd was founded in 1953 and is headquartered in Lanzhou, China.

Stock analysis

Lanzhou LS Heavy Equipment Co (603169) currently trades at ¥5.54, while our model-based Fair Value estimate is ¥1.17, 79% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.

Scenario range: ¥0.8700 (bear) to ¥1.74 (bull), the price of ¥5.54 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 34/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Lanzhou LS Heavy Equipment Co reported revenue of 6.5B CNY in FY2025 versus 4.0B CNY in FY2021, a compound +12.6%/yr. Reported net income was −596M CNY in FY2025.

Key figures

Market cap 7.2B CNY (≈ $1.1B) Small · P/S ratio 1.28 · EPS (TTM) ¥−0.6200 · Dividend yield 1.4% · Net margin −13.7% · Return on equity −26.0% · Return on assets (EBIT) 0.8% (5-year average) · Operating margin −14.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 59% below its 52-week high and 3% 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 −79%, 603169 screens richer than that median.

Fair Value models

Bear ¥0.8700 Fair Value ¥1.17 Bull ¥1.74
Price ¥5.54 · Downside -78.9%
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
NCAV (Graham) ¥0.8700 ¥1.17 ¥1.74 54
All 1 models by family
Asset-Based
NCAV (Graham) ¥0.8700 ¥1.17 ¥1.74 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 8
How much profit the company makes from its sales and capital
Quality Growth 27
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 24
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 10
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.0%
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.
+9.2%
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.
+17.5%
Start year 2020 (pandemic). Over 10 years: +10.2% a year
Revenue growth 14 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.
+12.5%
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.
−9.0% (2020) → −1.1% (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

603169 screens overvalued: fair value 79% below the price. Compare with SIE →

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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 · 814 stocks

Beats the industry median on 1/10 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −78.9% · Bottom 25%
Profitability
Return on assets −4.8% · Bottom 25%
Net margin (12 months) −13.7% · Bottom 25%
Operating margin (12 months) −14.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −27.9% · Bottom 25%
Dividend yield (12 months) 1.4% · Below median
Balance sheet
Debt / equity 0.63× · Highest 25%

Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper

P/B 2.71× · Pricier than median
P/S (12 months) 1.23× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 31
PAST (return on equity)0 · sector 27
HEALTH (low debt)68 · sector 96
DIVIDEND (yield)28 · sector 29

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cummins Inc CMI $450.07 $359.36 −20% vs 603169
SIE SIE €263.65 €149.56 −43% vs 603169
AMETEK, Inc AME $228.67 $125.74 −45% vs 603169
Illinois Tool Works Inc ITW $280.95 $154.30 −45% vs 603169
Sandvik AB SAND kr 357.40 kr 194.33 −46% vs 603169
Parker-Hannifin Corporation PH $917.79 $492.92 −46% vs 603169
Emerson Electric Co EMR $162.35 $79.99 −51% vs 603169
Eaton Corporation ETN $341.72 $156.90 −54% vs 603169
Rockwell Automation, Inc ROK $375.86 $139.31 −63% vs 603169
GE Vernova Inc GEV $774.11 $143.50 −81% vs 603169

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Lanzhou LS Heavy Equipment Co: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Lanzhou LS Heavy Equipment Co Fair Value". https://www.fairvalue-calculator.com/stock/603169

Frequently asked questions

Is Lanzhou LS Heavy Equipment Co (603169) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ¥1.17 versus a price of ¥5.54, about 79% lower (overvalued).
What is the fair value of 603169?
Our model-based fair value for Lanzhou LS Heavy Equipment Co is ¥1.17 (as of Nov 5, 2026), built from audited fundamentals. The current price: ¥5.54.
What is the quality score of 603169?
Lanzhou LS Heavy Equipment Co has a Quality Score of 34/100. 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 Lanzhou LS Heavy Equipment Co (603169)?
Our model-based price target is the fair value of ¥1.17 (as of Nov 5, 2026) from 1 valuation models. Cautious scenario ¥0.8700, optimistic scenario ¥1.74. It is a calculation from audited fundamentals, not an analyst target.
What is the Lanzhou LS Heavy Equipment Co stock forecast for 2026?
Our models put fair value at ¥1.17, about 79% lower versus a price of ¥5.54 (overvalued). Cautious scenario ¥0.8700, optimistic scenario ¥1.74. The calculation is refreshed regularly with new filings.
What is the revenue of Lanzhou LS Heavy Equipment Co (603169)?
Lanzhou LS Heavy Equipment Co reported trailing-twelve-month revenue of about 5.9B CNY (latest available figure, as of Nov 5, 2026).
Does Lanzhou LS Heavy Equipment Co pay a dividend?
Lanzhou LS Heavy Equipment Co currently shows a dividend yield of 1.38% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Lanzhou LS Heavy Equipment Co (603169)?
Lanzhou LS Heavy Equipment Co has a dividend yield of 1.4%.
What is the intrinsic value of Lanzhou LS Heavy Equipment Co (603169)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lanzhou LS Heavy Equipment Co it is ¥1.17 per share (as of Nov 5, 2026), against a price of ¥5.54. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Lanzhou LS Heavy Equipment Co stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 603169 trades above its calculated fair value: price ¥5.54, fair value ¥1.17, a gap of about −79% (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 603169?
No. The price is what the market pays today (¥5.54); the fair value is what the company's own numbers justify (¥1.17). For Lanzhou LS Heavy Equipment Co the two are ¥4.37 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lanzhou LS Heavy Equipment Co worth?
The market values Lanzhou LS Heavy Equipment Co at about 7.2B CNY (market capitalisation, as of Nov 5, 2026). Per share that is ¥5.54; our models calculate a fair value of ¥1.17 per share.
What do the bullish and bearish scenarios say about 603169?
Our models span a range for Lanzhou LS Heavy Equipment Co: cautious scenario ¥0.8700, base ¥1.17, optimistic ¥1.74 per share (as of Nov 5, 2026, price ¥5.54). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lanzhou LS Heavy Equipment Co (603169)?
Balance-sheet figures for Lanzhou LS Heavy Equipment Co (as of Nov 5, 2026): return on equity −26.0%, debt of 0.63 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 603169 from its 52-week high?
Lanzhou LS Heavy Equipment Co trades at ¥5.54, about 59% below its 52-week high of ¥13.43 and 3% above the low of ¥5.36 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥1.17 is for.
Which stocks are comparable to Lanzhou LS Heavy Equipment Co?
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 Lanzhou LS Heavy Equipment Co stock attractive at the current price?
The data as of Nov 5, 2026: price ¥5.54, calculated fair value ¥1.17 (−79%), Quality Score 34/100, from 1 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 603169 calculated?
We run Lanzhou LS Heavy Equipment Co through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of ¥1.17 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. Lanzhou LS Heavy Equipment Co 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 Lanzhou LS Heavy Equipment Co (603169)?
The closing price on Nov 6, 2026 was ¥5.54. Our model-based fair value is ¥1.17, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lanzhou LS Heavy Equipment Co right now?
The price sits above even our optimistic bull case (¥1.74). The favourable scenario is already priced in. Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (¥0.8700 to ¥1.74) leaves room in how you read the outcome.
Where does the earnings growth of Lanzhou LS Heavy Equipment Co (603169) come from?
Earnings per share at Lanzhou LS Heavy Equipment Co grew −13.2 % a year from 2013 to 2024. Broken into its drivers: revenue per share +8.0 %, EBIT margin −17.8 %, tax rate +1.8 %, residual (interest, one-offs) −3.9 %. 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 Lanzhou LS Heavy Equipment Co

How large is the market capitalisation of Lanzhou LS Heavy Equipment Co (603169)?
The market capitalisation of Lanzhou LS Heavy Equipment Co is 7.2B CNY (≈ $1.1B). 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 Lanzhou LS Heavy Equipment Co (603169)?
The price-to-sales ratio of Lanzhou LS Heavy Equipment Co is 1.28 (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 Lanzhou LS Heavy Equipment Co (603169)?
Earnings per share at Lanzhou LS Heavy Equipment Co are ¥−0.6200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lanzhou LS Heavy Equipment Co (603169)?
The dividend yield of Lanzhou LS Heavy Equipment Co is 1.4%. 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 Lanzhou LS Heavy Equipment Co (603169)?
The net margin of Lanzhou LS Heavy Equipment Co is −13.7% (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 Lanzhou LS Heavy Equipment Co (603169)?
The return on equity (ROE) of Lanzhou LS Heavy Equipment Co is −26.0% (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 Lanzhou LS Heavy Equipment Co (603169)?
On an EBIT basis the return on assets of Lanzhou LS Heavy Equipment Co is 0.8% (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 Lanzhou LS Heavy Equipment Co (603169)?
The operating margin of Lanzhou LS Heavy Equipment Co is −14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lanzhou LS Heavy Equipment Co (603169)?
Revenue at Lanzhou LS Heavy Equipment Co is growing −27.9% versus a year earlier (3y avg +9.2%). 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 Lanzhou LS Heavy Equipment Co (603169)?
Earnings per share at Lanzhou LS Heavy Equipment Co are growing +9.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Lanzhou LS Heavy Equipment Co (603169) generate?
The free cash flow of Lanzhou LS Heavy Equipment Co is −132M 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 Lanzhou LS Heavy Equipment Co (603169) carry?
The net debt of Lanzhou LS Heavy Equipment Co is 1.7B 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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