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STOCK COMPARISON

Hengong Precision Equipment Co vs Carpenter Technology: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hengong Precision Equipment Co (301261) and Carpenter Technology (CRS) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Hengong Precision Equipment Co as the less overvalued of the two: Hengong Precision Equipment Co trades at ¥58.23 versus a fair value of ¥17.96 (-69%), while Carpenter Technology trades at $571 versus $103 (-82%).
Hengong Precision Equipment Co
301261.SHE · CNY · Industrials
-69%
upside to fair value
overvalued
Price¥58.23
Fair Value¥17.96
Quality33/100
Carpenter Technology
CRS · USD · Materials
-82%
upside to fair value
overvalued
Price$571
Fair Value$103
Quality67/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Hengong Precision Equipment CoCarpenter Technology
Valuation
56.8×P/E (TTM)60.6×
6.25×P/S (TTM)9.47×
4.76×P/B15.20×
52.8×EV/EBITDA37.9×
PEG1.59×
0.7%Dividend yield0.1%
¥0.60Dividend per share$0.80
Profitability
11%Net margin16%
8%Operating margin23%
8%Return on equity25%
1%Return on assets11%
Growth
34%Revenue growth (YoY)12%
8.4%Avg. growth/yr (3Y)16.1%
Avg. growth/yr (5Y)5.7%
Balance & size
0.02×Debt / equity0.37×
$1BMarket cap$29B
expensiveGrowth qualityhealthy

Even match: 6 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Hengong Precision Equipment Coof which business quality 36 · market factors 27 Carpenter Technologyof which business quality 63 · market factors 77
ProfitabilityMargins and returns on capital today
31
59
Quality GrowthAre margins and returns improving?
59
75
CashflowEarnings quality: real cash, not paper profit
6
51
Fin. StrengthBalance sheet, leverage, solvency risk
70
68
InvestmentDisciplined investing over empire-building
0
63
Low VolatilityCalm price path (market factor)
50
35
MomentumPrice trend over the last 3–12 months (market factor)
24
95
52W MomentumDistance to the 52-week high (market factor)
9
93
Net IssuanceBuybacks instead of dilution
40
70

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Hengong Precision Equipment Co

Earnings-Based¥9.25
Multiples¥19.07
Asset-Based¥11.83
Economic Profit¥12.40
Growth Earnings¥19.41

14 of 14 models see the stock below the current price.

Carpenter Technology

DCF Models$109
Earnings-Based$68.04
Dividend Discount$13.82
Multiples$120
Asset-Based$25.45
Growth DCF$88.87
Economic Profit$86.83
Growth Earnings$116

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Hengong Precision Equipment Co
Bear ¥13.08Fair Value ¥17.96Bull ¥22.84
¥58.23 = current price (white tick)
Carpenter Technology
Bear $62.91Fair Value $103Bull $152
$571 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Hengong Precision Equipment Co · Industrials

Quality score33 · bottom 25%
Fair value upside-69% · bottom 25%

Carpenter Technology · Materials

Quality score67 · Top 25%
Fair value upside-82% · bottom 25%

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Hengong Precision Equipment Co as the less overvalued of the two: Hengong Precision Equipment Co trades at ¥58.23 versus a fair value of ¥17.96 (-69%), while Carpenter Technology trades at $571 versus $103 (-82%).

Carpenter Technology has the higher quality score (67/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.