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CHTC Helon Co Ltd (000677) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of CHTC Helon Co Ltd ¥0.30, price ¥1.80, upside -83.3%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
  3. Add to watchlist

Industrials · CN · ISIN CNE0000000J3

CH Thin data Sep 27, 2026

CHTC Helon Co Ltd

000677 · SHE

Weakest SetupStrongly overvalued and low quality.

!Fair value ¥0.3000 · Strongly overvalued (−83.3%)
!Quality 44/100
!Mixed Growth (revenue 5y +11.0 %/yr)
!Loss over the last twelve months · -0.4% net margin (TTM) · fiscal year 2025 0.3%
✓Low debt · generates free cash flow
!Mixed vs. peers (7/12)
!Narrow moat 28/100
!Evidence only low, so the estimate is less certain
!Weak on future: 27 out of 100
!Weak on past: 24 out of 100

What runs behind every stock

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

Price vs Fair Value

¥6.80 ¥1.44 Fair Value ¥0.3000 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ¥1.44 – ¥6.80 · the ¥1.80 price screens above the ¥0.3000 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

CHTC Helon Co., Ltd. researches and develops high-modulus and low-shrinkage impregnated polyester cord fabrics and canvas products in China and internationally.

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CHTC Helon Co., Ltd. researches and develops high-modulus and low-shrinkage impregnated polyester cord fabrics and canvas products in China and internationally. The company offers ordinary and HMLS dipped polyester cord fabric, nylon cord fabric, and polyester-nylon canvas (EP) for conveyor belts; nylon canvas (NN) for conveyor belts; polyester canvas (EE/PP) for conveyor belts; and special canvas series, including aramid canvas, transverse rigid cloth, polyester square canvas for oil tanks, diameter straight weft canvas, conveyor belts, tear-resistant canvas, and other products. It also provides technology development consulting, technical, technical development, and aviation operation support services. The company's products are used in the production of rubber tires, V-belts, conveyor belts, hoses, bulletproof clothing, military soft oil tanks, fishing nets, and rubber dams. It also exports its products. The company was formerly known as Shandong Helon Co., Ltd. and changed its name to CHTC Helon Co., Ltd. in September 2013. The company was founded in 1988 and is headquartered in Beijing, China.

Stock analysis

CHTC Helon Co Ltd (000677) currently trades at ¥1.80, while our model-based Fair Value estimate is ¥0.3000, implying the stock looks roughly 499.9% overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of ¥0.5900 per share, and 0 of the 9 models we run sit above the ¥1.80 price.

Bear case: the Earnings-Based group reads lowest at ¥0.0300, and 9 of the 9 models stay below the price. Evidence for this calculation is low.

Quality & growth

The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

CHTC Helon Co Ltd reported revenue of 1.1B CNY in FY2025 versus 1.1B CNY in FY2021, a compound +1.8%/yr. Reported net income was 3.5M CNY in FY2025, compounding −54.0%/yr from FY2021.

Key figures

Market cap 1.6B CNY (≈ $232M) · P/S ratio 1.34 · EPS (TTM) ¥−0.0100 · Dividend yield 0.0% · Net margin 0.3% · Return on equity 6.1% · Return on assets (EBIT) 11.5% · Operating margin 6.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 66% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −26% fair-value upside, at −83%, 000677 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (¥0.0300 to ¥0.6000). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear ¥0.3000 Fair Value ¥0.3000 Bull ¥0.3000
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. 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. Evidence ⓘEvidence = 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.
Highest evidence
Growth DCF ¥0.5800 ¥0.5900 ¥0.6100 80
Residual Income ¥0.3600 ¥0.3200 ¥0.2900 76
5Y P/E Exit ¥0.5800 ¥0.6000 ¥0.6300 72
All 9 models by family
DCF Models
5Y P/E Exit ¥0.5800 ¥0.6000 ¥0.6300 72
10Y P/E Exit ¥0.5800 ¥0.5900 ¥0.6200 65
Earnings-Based
Graham-Dodd ¥0.0300 ¥0.0900 ¥0.1200 65
Lynch FV ¥0.0200 ¥0.0300 ¥0.0400 61
Multiples
P/E Multiple ¥0.0500 ¥0.0700 ¥0.0900 63
P/B Multiple ¥0.0500 ¥0.0700 ¥0.0900 55
Asset-Based
NCAV (Graham) ¥0.2900 ¥0.3900 ¥0.5900 53
Growth DCF
Growth DCF ¥0.5800 ¥0.5900 ¥0.6100 80
Economic Profit
Residual Income ¥0.3600 ¥0.3200 ¥0.2900 76

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Quality Score breakdown

Overall quality 44/100

Of which business quality 45 · Market factors (momentum, volatility) 24

Profitability 21
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 43
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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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. 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+8.6%
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.
+5.0%
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.
+11.0%
Start year 2020 (pandemic). Over 10 years: −5.7% a year
Revenue growth 30 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.
+7.1%
What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
+31.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.3% vs −19.3%, picking up
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.4% → 11%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 6.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

Growth Forecast

A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.

000677 screens 500% overvalued. Compare with ITOCHU Corporation →

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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.Conglomerates · 358 stocks

Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside −83.3% · Bottom 25%
Profitability
Return on equity (TTM) 6.1% · Above median
Return on assets 3.2% · Above median
Net margin (TTM) −0.4% · Below median
Operating margin (TTM) 6.6% · Above median
Growth and dividend
Revenue growth 5.4% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.04× · Below median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/B 0.46× · Cheaper than median
P/S (TTM) 0.20× · Cheapest 25%
P/FCF 70.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 33
FUTURE (revenue growth)27 · sector 19
PAST (return on equity)24 · sector 18
HEALTH (low debt)98 · sector 90
DIVIDEND (yield)1 · sector 41

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

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Jardine Matheson Holdings J36 $55.86 $78.34 +40%
Keppel Ltd BN4 11.30 SGD 3.88 SGD −66%
Kingdom Holding 4280 13.08 SAR 13.40 SAR +2%
Aker ASA AKER kr 1,446 kr 1,017 −30%

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Cite: Fair Value Calculator (2026). "CHTC Helon Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/000677

Frequently asked questions

Is CHTC Helon Co Ltd (000677) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ¥0.3000 versus a price of ¥1.80, about −83% upside (overvalued).
What is the fair value of 000677?
Our model-based fair value for CHTC Helon Co Ltd is ¥0.3000 (as of Sep 27, 2026), built from audited fundamentals. The current price: ¥1.80.
What is the quality score of 000677?
CHTC Helon Co Ltd has a Quality Score of 44/100. 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 CHTC Helon Co Ltd (000677)?
Our model-based price target is the fair value of ¥0.3000 (as of Sep 27, 2026) from 9 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the CHTC Helon Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.3000, about −83% upside versus a price of ¥1.80 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of CHTC Helon Co Ltd (000677)?
CHTC Helon Co Ltd reported trailing-twelve-month revenue of about 1.2B CNY (latest available figure, as of Sep 27, 2026).
Does CHTC Helon Co Ltd pay a dividend?
CHTC Helon Co Ltd currently shows a dividend yield of about 0.04% relative to its recent price (as of Sep 27, 2026).
What growth is priced into CHTC Helon Co Ltd (000677)?
For today's price to be fair in a discounted-cash-flow model, CHTC Helon Co Ltd would have to grow free cash flow by more than 80 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of 000677 use?
Our models discount CHTC Helon Co Ltd at 13.4 %: a base by market capitalisation (micro), 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 CHTC Helon Co Ltd that is more than 80 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has CHTC Helon Co Ltd (000677) delivered so far?
Over the past 5 years revenue at CHTC Helon Co Ltd grew +11.0 % a year. The price currently implies more than 80 % per year free-cash-flow growth a 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 CHTC Helon Co Ltd (000677) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into CHTC Helon Co Ltd (more than 80 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CHTC Helon Co Ltd (000677)?
The free-cash-flow yield on the price is 0.21 %: that much free cash flow CHTC Helon Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CHTC Helon Co Ltd (000677)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CHTC Helon Co Ltd it is ¥0.3000 per share (as of Sep 27, 2026), against a price of ¥1.80. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is CHTC Helon Co Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 000677 trades above its calculated fair value: price ¥1.80, fair value ¥0.3000, a gap of about −83% (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 000677?
No. The price is what the market pays today (¥1.80); the fair value is what the company's own numbers justify (¥0.3000). For CHTC Helon Co Ltd the two are ¥1.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is CHTC Helon Co Ltd worth?
The market values CHTC Helon Co Ltd at about 1.6B CNY (market capitalisation, as of Sep 27, 2026). Per share that is ¥1.80; our models calculate a fair value of ¥0.3000 per share.
How solid is the balance sheet of CHTC Helon Co Ltd (000677)?
Balance-sheet figures for CHTC Helon Co Ltd (as of Sep 27, 2026): return on equity 6.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 000677 from its 52-week high?
CHTC Helon Co Ltd trades at ¥1.80, about 66% below its 52-week high of ¥5.30 and 25% above the low of ¥1.44 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.3000 is for.
Which stocks are comparable to CHTC Helon Co Ltd?
From the same area (Industrials) we also value ITOCHU Corporation, 3M Company, Honeywell International Inc, CITIC Limited, 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 CHTC Helon Co Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ¥1.80, calculated fair value ¥0.3000 (−83%), Quality Score 44/100, from 9 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 000677 calculated?
We run CHTC Helon Co Ltd through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.3000, 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 16.1 % above its aggregate fair value. CHTC Helon 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 CHTC Helon Co Ltd (000677)?
The closing price on Sep 24, 2026 was ¥1.80. Our model-based fair value is ¥0.3000, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CHTC Helon Co Ltd right now?
The price sits above even our optimistic bull case (¥0.3000). The favourable scenario is already priced in. Weak quality (44/100) 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.

Key figures of CHTC Helon Co Ltd

How large is the market capitalisation of CHTC Helon Co Ltd (000677)?
The market capitalisation of CHTC Helon Co Ltd is 1.6B CNY (≈ $232M). 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 CHTC Helon Co Ltd (000677)?
The price-to-sales ratio of CHTC Helon Co Ltd is 1.34 (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 CHTC Helon Co Ltd (000677)?
Earnings per share at CHTC Helon Co Ltd are ¥−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CHTC Helon Co Ltd (000677)?
The dividend yield of CHTC Helon Co Ltd is 0.0%. 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 CHTC Helon Co Ltd (000677)?
The net margin of CHTC Helon Co Ltd is 0.3% (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 CHTC Helon Co Ltd (000677)?
The return on equity (ROE) of CHTC Helon Co Ltd is 6.1% (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 CHTC Helon Co Ltd (000677)?
On an EBIT basis the return on assets of CHTC Helon Co Ltd is 11.5% (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 CHTC Helon Co Ltd (000677)?
The operating margin of CHTC Helon Co Ltd is 6.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CHTC Helon Co Ltd (000677)?
Revenue at CHTC Helon Co Ltd is growing +5.4% versus a year earlier (3y avg +5.0%). 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 CHTC Helon Co Ltd (000677)?
Earnings per share at CHTC Helon Co Ltd are growing −61.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does CHTC Helon Co Ltd (000677) hold?
CHTC Helon Co Ltd holds more cash than debt, 391M CNY net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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