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Guangxi Liugong Machinery Co (000528) Fair Value & Analysis

Industrials · CN · Market cap 17.3B CNY

GL Guangxi Liugong Machinery Co 000528 · SHE
Price¥8.36
Fair Value¥16.59
Upside+98.4%
Quality52/100
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Expensive Growth
Thin margins · 4.6% net margin
Low debt · generates free cash flow
3.87% dividend yield
Ranks above peers (9/15)
Narrow moat 35/100
Evidence: High Range ¥10.63 – ¥20.74 Share as image

Fair value as of: Jul 24, 2026

From 23 valuation models · updated 17 days ago

Share price +2.5% over the past month.

A solid business, screening 98% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥10.63). The market is more pessimistic than our downside scenario.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥10.63 to ¥20.74) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥12.53 ¥5.06 Fair Value ¥16.59 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range ¥5.06 – ¥12.53 · fair‑value band ¥10.63 – ¥20.74 · the ¥8.36 price screens below the ¥16.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Guangxi Liugong Machinery Co (000528) currently trades at ¥8.36, while our model-based Fair Value estimate is ¥16.59, implying the stock looks roughly 98.4% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Guangxi Liugong Machinery Co generated revenue of 34.1B CNY at a net margin of 4.6%. Revenue grew 10.0% year over year. It earns a return on equity of 7.0%. Net debt stands at 1.8B CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥10.63 (bear case) to ¥20.74 (bull case); at ¥8.36, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% 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 12% fair-value upside, at 98%, 000528 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥3.74 ¥5.18 ¥7.64 80
Residual Income ¥7.74 ¥8.40 ¥10.82 76
ROIC Compounder ¥15.11 ¥20.04 ¥26.70 72
All 23 models by family
DCF Models
FCF DCF ¥3.76 ¥5.35 ¥8.15 38
Owner Earnings ¥12.60 ¥21.67 ¥37.72 31
5Y Revenue Exit ¥10.85 ¥20.06 ¥33.06 39
5Y EBITDA Exit ¥13.18 ¥24.92 ¥40.13 41
5Y P/E Exit ¥10.36 ¥19.05 ¥29.26 38
10Y Revenue Exit ¥8.04 ¥16.04 ¥29.18 36
10Y EBITDA Exit ¥10.02 ¥19.63 ¥35.17 37
10Y P/E Exit ¥8.15 ¥15.29 ¥25.96 35
Earnings-Based
Graham-Dodd ¥5.37 ¥26.02 ¥35.83 54
Lynch FV ¥6.96 ¥9.95 ¥12.93 50
PEG = 1.0 ¥6.96 ¥9.95 ¥12.93 46
EPV ¥13.50 ¥15.44 ¥17.13 59
Multiples
P/E Multiple ¥12.44 ¥16.59 ¥20.74 63
P/S Multiple ¥10.07 ¥13.43 ¥16.79 58
P/B Multiple ¥10.07 ¥13.43 ¥16.79 55
EV/EBIT ¥19.16 ¥24.92 ¥30.68 53
EV/EBITDA ¥18.78 ¥24.41 ¥30.04 54
EV/Revenue ¥14.22 ¥19.50 ¥24.79 43
Asset-Based
NCAV (Graham) ¥4.56 ¥6.11 ¥9.12 50
Growth DCF
Growth DCF ¥3.74 ¥5.18 ¥7.64 80
Economic Profit
Residual Income ¥7.74 ¥8.40 ¥10.82 76
ROIC Compounder ¥15.11 ¥20.04 ¥26.70 72
Growth Earnings
Growth-Adj P/E ¥10.83 ¥15.47 ¥20.11 68

Widest divergence: DCF Models (¥19.05) versus Growth DCF (¥5.18). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 34.1B CNY
Revenue growth (YoY) +10.0%
Net margin 4.6%
Return on equity 7.0%
Free cash flow 290M CNY FY2025
P/E ratio 12.5
More key figures
Operating margin 8.6%
EPS (TTM) ¥0.6800
Dividend yield 3.9%
EPS growth (YoY) -8.3%
Net debt 1.8B CNY FY2025

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 34

Profitability 35
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 81
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Guangxi Liugong Machinery Co., Ltd. manufactures and sells construction machinery in China and internationally. The company operates through four segments: Earth-Moving Machinery, Other Construction Machinery and Parts, Prestressed Machinery, and Leasing Business.

Full company description

Guangxi Liugong Machinery Co., Ltd. manufactures and sells construction machinery in China and internationally. The company operates through four segments: Earth-Moving Machinery, Other Construction Machinery and Parts, Prestressed Machinery, and Leasing Business. It offers excavators, wheel loaders, dozers, motor graders, rollers, pavers, cold planers, skid steer loaders, backhoe loaders, cranes, aerial work platforms, mining trucks, drilling rigs, diaphragm wall grab, multi-functional drilling rigs, trench cutter, construction hoist, tower cranes, air compressors, concrete, and material handling equipment. The company also provides forklifts, road machinery, mining machinery, agricultural machinery, etc. In addition, it offers OVM prestressed anchor system products; prestressed and special bridge construction equipment; engineering cables; seismic isolation products comprising engineering rubber bearings and dampers; and bridge expansion joints. Further, the company is involved in leasing business. It serves agriculture, demolition, forestry, general construction, municipal engineering, material handling, mining, oil and gas, ports, and quarry and aggregates industries. Guangxi Liugong Machinery Co., Ltd. was founded in 1958 and is based in Liuzhou, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guangxi Liugong Machinery Co reported revenue of ¥33.1B in FY2025 versus ¥28.7B in FY2021, a compound +3.7%/yr. Reported net income was ¥1.6B in FY2025, compounding +12.7%/yr from FY2021.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
33.1B CNY
Latest YoY
+10.2%
Avg. growth/yr (3Y)
+7.8%
Avg. growth/yr (5Y)
+5.0%
Avg. growth/yr (33Y)
+13.4%
Revenue +3.7%/yr
FY21 ¥28.7B
FY22 ¥26.5B
FY23 ¥27.5B
FY24 ¥30.1B
FY25 ¥33.1B
Net income +12.7%/yr
FY21 ¥997M
FY22 ¥599M
FY23 ¥868M
FY24 ¥1.3B
FY25 ¥1.6B

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Cite: Fair Value Calculator (2026). "Guangxi Liugong Machinery Co Fair Value". https://www.fairvalue-calculator.com/stock/000528

Peer Group

Farm & Heavy Construction Machinery · 148 stocks

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.

Quality Score 52 · Below median
Fair Value upside +98% · Top 25%
Return on equity (TTM) 7% · Below median
Return on assets 2% · Below median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 9% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Farm & Heavy Construction Machinery median · lower = cheaper

P/E (TTM) 12.5× · Cheaper than 75% of peers
P/B 0.93× · Cheaper than 75% of peers
P/S (TTM) 0.51× · Cheaper than median
P/FCF 8.9× · Pricier than median
EV/EBITDA 3.8× · Cheaper than 75% of peers
PEG 0.36× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 22
FUTURE 50 · sector 30
PAST 28 · sector 32
HEALTH 92 · sector 93
DIVIDEND 77 · sector 40

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 24, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
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PACCAR Inc PCAR $126.20 $94.80 -25%
Epiroc AB EPIA kr 251.90 kr 144.14 -43%
Exor N.V EXO €69.40 €219.41 +216%
Sany Heavy Industry Co 600031 ¥18.65 ¥20.84 +12%
XCMG Construction Machinery Co 000425 ¥8.39 ¥11.79 +41%
Sinotruk (Hong Kong) Limited 3808 HK$41.00 HK$53.51 +31%
Yutong Bus Co 600066 ¥32.29 ¥42.00 +30%

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Frequently asked questions

Is Guangxi Liugong Machinery Co (000528) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of ¥16.59 versus a price of ¥8.36, about +98% (undervalued).
What is the fair value of 000528?
Our model-based fair value for Guangxi Liugong Machinery Co is ¥16.59 (as of Jul 24, 2026), built from audited fundamentals. The current price is ¥8.36.
What is the quality score of 000528?
Guangxi Liugong Machinery Co has a Quality Score of 52/100. 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 revenue of Guangxi Liugong Machinery Co (000528)?
Guangxi Liugong Machinery Co reported trailing-twelve-month revenue of about 34.1B CNY (latest available figure, as of Jul 24, 2026).
What is the net profit margin of 000528?
The net profit margin of Guangxi Liugong Machinery Co is about 4.6%, meaning it keeps roughly 4.6% of revenue as net income. Based on the latest reported figures.
Does Guangxi Liugong Machinery Co pay a dividend?
Guangxi Liugong Machinery Co currently shows a dividend yield of about 3.87% relative to its recent price (as of Jul 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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