China Southern Power Grid Technology Co Ltd (688248) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of China Southern Power Grid Technology Co Ltd stock ¥21.52, price ¥43.70, that is 50.8% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 10, 2026.
How to read this chart
59‑month range ¥12.50 – ¥70.48 · fair‑value band ¥11.98 – ¥37.09 · the ¥43.70 price screens above the ¥21.52 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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China Southern Power Grid Technology Co.,Ltd. provides technical services and intelligent equipment products in China.
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The company offers energy storage system technical services; intelligent power distribution equipment; and testing, inspection, and commissioning services, as well as testing and debugging services. It also provides smart devices, robots, and drones.
The company was founded in 1988 and is based in Guangzhou, China.
Stock analysis
China Southern Power Grid Technology Co Ltd (688248) currently trades at ¥43.70, while our model-based Fair Value estimate is ¥21.52, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ¥30.21 per share, and 0 of the 26 models we run sit above the ¥43.70 price.
Bear case: the Asset-Based group reads lowest at ¥4.24, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: ¥11.98 (bear) to ¥37.09 (bull), the price of ¥43.70 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 67/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
China Southern Power Grid Technology Co Ltd reported revenue of 3.7B CNY in FY2025 versus 1.4B CNY in FY2021, a compound +27.7%/yr. Reported net income was 421M CNY in FY2025, compounding +31.0%/yr from FY2021.
Key figures
Market cap 24.6B CNY (≈ $3.7B) Mid · P/E ratio 60.7 · P/S ratio 6.91 · EPS (TTM) ¥0.7200 · Dividend yield 0.4% · Net margin 11.3% · Return on equity 12.7% · Return on assets (EBIT) 7.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades about 37% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −51%, 688248 screens richer than that median.
Fair Value models
Bear¥11.98Fair Value ¥21.52Bull¥37.09
Price ¥43.70 · Downside -50.8%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.4534 per share) are deliberately not added.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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+22.4%
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.
+27.3%
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.
+27.0%
Start year 2020 (pandemic)
Revenue growth 7 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.
+42.8%
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’21
’22
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’25
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.
+26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.7%
Dividend (yield on the price)0.4%
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.9% → 13%
2025 sits 50% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more 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).
+29.4%
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.
+19.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +27.3% a year for the price and +17.7% for the forecasts.
Compare China Southern Power Grid Technology Co 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.Electrical Equipment & Parts · 593 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−50.8% · Below median
Profitability
Return on equity (12 months)12.7% · Above median
Return on assets8.2% · Top 25%
Net margin (12 months)11.3% · Top 25%
Operating margin (12 months)13.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.2% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Electrical Equipment & Parts 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). "China Southern Power Grid Technology Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/688248
Frequently asked questions
Is China Southern Power Grid Technology Co Ltd (688248) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ¥21.52 versus a price of ¥43.70, about 51% lower (overvalued).
What is the fair value of 688248?
Our model-based fair value for China Southern Power Grid Technology Co Ltd is ¥21.52 (as of Nov 10, 2026), built from audited fundamentals. The current price: ¥43.70.
What is the quality score of 688248?
China Southern Power Grid Technology Co Ltd has a Quality Score of 67/100. 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 China Southern Power Grid Technology Co Ltd (688248)?
Our model-based price target is the fair value of ¥21.52 (as of Nov 10, 2026) from 26 valuation models. Cautious scenario ¥11.98, optimistic scenario ¥37.09. It is a calculation from audited fundamentals, not an analyst target.
What is the China Southern Power Grid Technology Co Ltd stock forecast for 2026?
Our models put fair value at ¥21.52, about 51% lower versus a price of ¥43.70 (overvalued). Cautious scenario ¥11.98, optimistic scenario ¥37.09. The calculation is refreshed regularly with new filings.
What is the revenue of China Southern Power Grid Technology Co Ltd (688248)?
China Southern Power Grid Technology Co Ltd reported trailing-twelve-month revenue of about 3.6B CNY (latest available figure, as of Nov 10, 2026).
Does China Southern Power Grid Technology Co Ltd pay a dividend?
China Southern Power Grid Technology Co Ltd currently shows a dividend yield of 0.44% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of China Southern Power Grid Technology Co Ltd (688248) and when is the ex-dividend date?
China Southern Power Grid Technology Co Ltd pays a dividend of ¥0.193 per share a year, a dividend yield of 0.4%. The last ex-dividend date was Jul 17, 2026. A dividend has been paid every year since at least 2022. The payout ratio is 26.8% of earnings. Free cash flow covers the dividend 3.26 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into China Southern Power Grid Technology Co Ltd (688248)?
For today's price to be fair in a discounted-cash-flow model, China Southern Power Grid Technology Co Ltd would have to grow free cash flow by +29.4 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.0 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of 688248 use?
Our models discount China Southern Power Grid Technology Co Ltd at 9.1 %: a base by market capitalisation (mid), damped by beta 0.50, 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 China Southern Power Grid Technology Co Ltd that is +29.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has China Southern Power Grid Technology Co Ltd (688248) delivered so far?
Over the past 5 years revenue at China Southern Power Grid Technology Co Ltd grew +27.0 % a year. The price currently implies free-cash-flow growth of +29.4 % 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 China Southern Power Grid Technology Co Ltd (688248) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into China Southern Power Grid Technology Co Ltd (+29.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of China Southern Power Grid Technology Co Ltd (688248)?
The free-cash-flow yield on the price is 1.44 %: that much free cash flow China Southern Power Grid Technology Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of China Southern Power Grid Technology Co Ltd (688248)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For China Southern Power Grid Technology Co Ltd it is ¥21.52 per share (as of Nov 10, 2026), against a price of ¥43.70. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is China Southern Power Grid Technology Co Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, 688248 trades above its calculated fair value: price ¥43.70, fair value ¥21.52, a gap of about −51% (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 688248?
No. The price is what the market pays today (¥43.70); the fair value is what the company's own numbers justify (¥21.52). For China Southern Power Grid Technology Co Ltd the two are ¥22.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is China Southern Power Grid Technology Co Ltd worth?
The market values China Southern Power Grid Technology Co Ltd at about 24.6B CNY (market capitalisation, as of Nov 10, 2026). Per share that is ¥43.70; our models calculate a fair value of ¥21.52 per share.
What do the bullish and bearish scenarios say about 688248?
Our models span a range for China Southern Power Grid Technology Co Ltd: cautious scenario ¥11.98, base ¥21.52, optimistic ¥37.09 per share (as of Nov 10, 2026, price ¥43.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 688248?
China Southern Power Grid Technology Co Ltd trades at a price-to-earnings ratio of 60.7 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥21.52 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 59.7. Other multiples: P/B 7.5, P/S 6.9, EV/EBITDA 50.1.
How solid is the balance sheet of China Southern Power Grid Technology Co Ltd (688248)?
Balance-sheet figures for China Southern Power Grid Technology Co Ltd (as of Nov 10, 2026): return on equity 12.7%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 688248 from its 52-week high?
China Southern Power Grid Technology Co Ltd trades at ¥43.70, about 37% below its 52-week high of ¥69.89 and 22% above the low of ¥35.88 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of ¥21.52 is for.
Which stocks are comparable to China Southern Power Grid Technology Co 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 China Southern Power Grid Technology Co Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price ¥43.70, calculated fair value ¥21.52 (−51%), Quality Score 67/100, from 26 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 688248 calculated?
We run China Southern Power Grid Technology Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ¥21.52 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 13.7% above its aggregate fair value. China Southern Power Grid Technology 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 China Southern Power Grid Technology Co Ltd (688248)?
The closing price on Nov 10, 2026 was ¥43.70. Our model-based fair value is ¥21.52, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with China Southern Power Grid Technology Co Ltd right now?
The price sits above even our optimistic bull case (¥37.09). The favourable scenario is already priced in. The model range is unusually wide (¥11.98 to ¥37.09). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of China Southern Power Grid Technology Co Ltd
How large is the market capitalisation of China Southern Power Grid Technology Co Ltd (688248)?
The market capitalisation of China Southern Power Grid Technology Co Ltd is 24.6B CNY (≈ $3.7B). 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 China Southern Power Grid Technology Co Ltd (688248)?
The price-to-sales ratio of China Southern Power Grid Technology Co Ltd is 6.91 (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 China Southern Power Grid Technology Co Ltd (688248)?
Earnings per share at China Southern Power Grid Technology Co Ltd are ¥0.7200 (price ÷ EPS = P/E 60.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of China Southern Power Grid Technology Co Ltd (688248)?
The dividend yield of China Southern Power Grid Technology Co Ltd is 0.4% (payout 26.8%). 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 China Southern Power Grid Technology Co Ltd (688248)?
The net margin of China Southern Power Grid Technology Co Ltd is 11.3% (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 China Southern Power Grid Technology Co Ltd (688248)?
The return on equity (ROE) of China Southern Power Grid Technology Co Ltd is 12.7% (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 China Southern Power Grid Technology Co Ltd (688248)?
On an EBIT basis the return on assets of China Southern Power Grid Technology Co Ltd is 7.1% (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 China Southern Power Grid Technology Co Ltd (688248)?
The operating margin of China Southern Power Grid Technology Co Ltd is 13.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at China Southern Power Grid Technology Co Ltd (688248)?
Revenue at China Southern Power Grid Technology Co Ltd is growing −7.2% versus a year earlier (3y avg +27.3%). 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 China Southern Power Grid Technology Co Ltd (688248)?
Earnings per share at China Southern Power Grid Technology Co Ltd are growing −10.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does China Southern Power Grid Technology Co Ltd (688248) hold?
China Southern Power Grid Technology Co Ltd holds more cash than debt, 1.6B CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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Nov 10, 2026