Ningbo Ronbay New Energy Tech Ltd (688005) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ningbo Ronbay New Energy Tech Ltd stock ¥17.96, price ¥19.27, that is 6.8% below the price, quality 42 out of 100. Rating: fairly valued. Calculated from audited financials with 11 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 ¥13.01 – ¥103.10 · fair‑value band ¥9.73 – ¥29.58 · the ¥19.27 price screens above the ¥17.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
Follow Ningbo Ronbay New Energy Tech in your weekly email
Every Wednesday you see whether Ningbo Ronbay New Energy Tech is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Ningbo Ronbay New Energy Technology Co.,Ltd. engages in the research and development, manufacture, and sale of multi-materials, lithium iron manganese phosphate materials, sodium electric materials and multi-material precursors in China and internationally.
Show moreShow less
The company's products are used in electric vehicles, electric two-wheeled vehicles, energy storage equipment, and electronic products. Ningbo Ronbay New Energy Technology Co.,Ltd. was founded in 2014 and is based in Yuyao, China.
Stock analysis
Ningbo Ronbay New Energy Tech Ltd (688005) currently trades at ¥19.27, while our model-based Fair Value estimate is ¥17.96, so the stock looks roughly fairly valued today (gap 7.3%).
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of ¥16.07 per share, and 2 of the 11 models we run sit above the ¥19.27 price.
Bear case: the Asset-Based group reads lowest at ¥6.87, and 9 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥9.73 (bear) to ¥29.58 (bull), the price of ¥19.27 sits inside 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 42/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Ningbo Ronbay New Energy Tech Ltd reported revenue of 12.3B CNY in FY2025 versus 10.3B CNY in FY2021, a compound +4.6%/yr. Reported net income was −182M CNY in FY2025.
Key figures
Market cap 13.5B CNY (≈ $2.0B) Mid · P/S ratio 0.76 · Dividend yield 3.1% · Net margin −1.5% · Return on equity −0.1% · Return on assets (EBIT) 3.5% (5-year average) · Operating margin 1.2% · Revenue (TTM) 17.9B CNY.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 51% 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 −36% fair-value upside, at −7%, 688005 screens cheaper than that median.
Fair Value models
Bear¥9.73Fair Value ¥17.96Bull¥29.58
Price ¥19.27 · Downside -6.8%
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.7%
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.
−25.9%
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.
+26.5%
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.
+33.9%
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
6.7% (2020) → −0.9% (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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+52.1%
Yearly sales growth analysts expect, extended to five years.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +9.7% a year for the price and +49.6% for the forecasts.
Compare Ningbo Ronbay New Energy Tech Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Electrical Equipment & Parts · 564 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−6.8% · Above median
Profitability
Return on assets−0.8% · Bottom 25%
Net margin (12 months)−1.5% · Bottom 25%
Operating margin (12 months)1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)114.9% · Top 25%
Dividend yield (12 months)3.1% · Top 25%
Balance sheet
Debt / equity0.52× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/B1.64× · Cheaper than median
P/S (12 months)0.76× · Cheapest 25%
Price / free cash flow (fiscal year)23.9× · Cheaper than median
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). "Ningbo Ronbay New Energy Tech Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688005
Frequently asked questions
Is Ningbo Ronbay New Energy Tech Ltd (688005) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of ¥17.96 versus a price of ¥19.27, about 7% lower (fairly valued).
What is the fair value of 688005?
Our model-based fair value for Ningbo Ronbay New Energy Tech Ltd is ¥17.96 (as of Nov 4, 2026), built from audited fundamentals. The current price: ¥19.27.
What is the quality score of 688005?
Ningbo Ronbay New Energy Tech Ltd has a Quality Score of 42/100. 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 Ningbo Ronbay New Energy Tech Ltd (688005)?
Our model-based price target is the fair value of ¥17.96 (as of Nov 4, 2026) from 11 valuation models. Cautious scenario ¥9.73, optimistic scenario ¥29.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Ningbo Ronbay New Energy Tech Ltd stock forecast for 2026?
Our models put fair value at ¥17.96, about 7% lower versus a price of ¥19.27 (fairly valued). Cautious scenario ¥9.73, optimistic scenario ¥29.58. The calculation is refreshed regularly with new filings.
What is the revenue of Ningbo Ronbay New Energy Tech Ltd (688005)?
Ningbo Ronbay New Energy Tech Ltd reported trailing-twelve-month revenue of about 17.9B CNY (latest available figure, as of Nov 4, 2026).
Does Ningbo Ronbay New Energy Tech Ltd pay a dividend?
Ningbo Ronbay New Energy Tech Ltd currently shows a dividend yield of 3.13% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of Ningbo Ronbay New Energy Tech Ltd (688005)?
Ningbo Ronbay New Energy Tech Ltd has a dividend yield of 3.1%.
What growth is priced into Ningbo Ronbay New Energy Tech Ltd (688005)?
For today's price to be fair in a discounted-cash-flow model, Ningbo Ronbay New Energy Tech Ltd would have to grow free cash flow by +11.6 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +26.5 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 688005 use?
Our models discount Ningbo Ronbay New Energy Tech Ltd at 9.2 %: a base by market capitalisation (mid), damped by beta 0.52, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ningbo Ronbay New Energy Tech Ltd that is +11.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Ningbo Ronbay New Energy Tech Ltd (688005) delivered so far?
Over the past 5 years revenue at Ningbo Ronbay New Energy Tech Ltd grew +26.5 % a year. The price currently implies free-cash-flow growth of +11.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ningbo Ronbay New Energy Tech Ltd (688005) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Ningbo Ronbay New Energy Tech Ltd (+11.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ningbo Ronbay New Energy Tech Ltd (688005)?
The free-cash-flow yield on the price is 4.18 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Ningbo Ronbay New Energy Tech Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ningbo Ronbay New Energy Tech Ltd (688005)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ningbo Ronbay New Energy Tech Ltd it is ¥17.96 per share (as of Nov 4, 2026), against a price of ¥19.27. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Ningbo Ronbay New Energy Tech Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 688005 trades above its calculated fair value: price ¥19.27, fair value ¥17.96, a gap of about −7% (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 688005?
No. The price is what the market pays today (¥19.27); the fair value is what the company's own numbers justify (¥17.96). For Ningbo Ronbay New Energy Tech Ltd the two are ¥1.31 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ningbo Ronbay New Energy Tech Ltd worth?
The market values Ningbo Ronbay New Energy Tech Ltd at about 13.5B CNY (market capitalisation, as of Nov 4, 2026). Per share that is ¥19.27; our models calculate a fair value of ¥17.96 per share.
What do the bullish and bearish scenarios say about 688005?
Our models span a range for Ningbo Ronbay New Energy Tech Ltd: cautious scenario ¥9.73, base ¥17.96, optimistic ¥29.58 per share (as of Nov 4, 2026, price ¥19.27). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ningbo Ronbay New Energy Tech Ltd (688005)?
Balance-sheet figures for Ningbo Ronbay New Energy Tech Ltd (as of Nov 4, 2026): return on equity −0.1%, debt of 0.52 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 688005 from its 52-week high?
Ningbo Ronbay New Energy Tech Ltd trades at ¥19.27, about 51% below its 52-week high of ¥39.10 and 8% above the low of ¥17.92 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ¥17.96 is for.
Which stocks are comparable to Ningbo Ronbay New Energy Tech Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Ningbo Ronbay New Energy Tech Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price ¥19.27, calculated fair value ¥17.96 (−7%), Quality Score 42/100, from 11 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 688005 calculated?
We run Ningbo Ronbay New Energy Tech Ltd through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of ¥17.96 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. Ningbo Ronbay New Energy Tech 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 Ningbo Ronbay New Energy Tech Ltd (688005)?
The closing price on Nov 6, 2026 was ¥19.27. Our model-based fair value is ¥17.96, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ningbo Ronbay New Energy Tech Ltd right now?
The model range is unusually wide (¥9.73 to ¥29.58). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Key figures of Ningbo Ronbay New Energy Tech Ltd
How large is the market capitalisation of Ningbo Ronbay New Energy Tech Ltd (688005)?
The market capitalisation of Ningbo Ronbay New Energy Tech Ltd is 13.5B CNY (≈ $2.0B). 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 Ningbo Ronbay New Energy Tech Ltd (688005)?
The price-to-sales ratio of Ningbo Ronbay New Energy Tech Ltd is 0.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Ningbo Ronbay New Energy Tech Ltd (688005)?
The dividend yield of Ningbo Ronbay New Energy Tech Ltd is 3.1%. 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 Ningbo Ronbay New Energy Tech Ltd (688005)?
The net margin of Ningbo Ronbay New Energy Tech Ltd is −1.5% (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 Ningbo Ronbay New Energy Tech Ltd (688005)?
The return on equity (ROE) of Ningbo Ronbay New Energy Tech Ltd is −0.1% (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 Ningbo Ronbay New Energy Tech Ltd (688005)?
On an EBIT basis the return on assets of Ningbo Ronbay New Energy Tech Ltd is 3.5% (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 Ningbo Ronbay New Energy Tech Ltd (688005)?
The operating margin of Ningbo Ronbay New Energy Tech Ltd is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ningbo Ronbay New Energy Tech Ltd (688005)?
Revenue at Ningbo Ronbay New Energy Tech Ltd is growing +115% versus a year earlier (3y avg −25.9%). 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 Ningbo Ronbay New Energy Tech Ltd (688005)?
Earnings per share at Ningbo Ronbay New Energy Tech Ltd are growing −91.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ningbo Ronbay New Energy Tech Ltd (688005) carry?
The net debt of Ningbo Ronbay New Energy Tech Ltd is 1.9B CNY (fiscal year 2025, ≈ 3.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Ningbo Ronbay New Energy Tech Ltd in the live analysis
One click puts Ningbo Ronbay New Energy Tech Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 4, 2026