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Shantui Construction Machinery Co (000680) Fair Value & Analysis

Industrials · CN · Market cap 16.1B CNY

SC Shantui Construction Machinery Co 000680 · SHE
Price¥11.19
Fair Value¥14.82
Upside+32.4%
Quality58/100
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Healthy Growth
Thin margins · 8.3% net margin
Low debt · generates free cash flow
1.29% dividend yield
Ranks above peers (10/15)
Moderate moat 55/100
Evidence: High Range ¥9.75 – ¥20.17 Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from ¥15.51 to ¥14.82 (−4.4%) since Jun 25, 2026. Share price +4.5% over the past month.

A solid business, screening 32% undervalued on our models.

What matters now

  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (¥9.75 to ¥20.17) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥13.55 ¥3.32 Fair Value ¥14.82 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥3.32 – ¥13.55 · fair‑value band ¥9.75 – ¥20.17 · the ¥11.19 price screens below the ¥14.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Shantui Construction Machinery Co (000680) currently trades at ¥11.19, while our model-based Fair Value estimate is ¥14.82, implying the stock looks roughly 32.4% undervalued today. The Quality Score stands at 58/100 (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, Shantui Construction Machinery Co generated revenue of 15.3B CNY at a net margin of 8.3%. Revenue grew 20.1% year over year. It earns a return on equity of 20.2%. The balance sheet holds a net cash position of 1.5B CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥9.75 (bear case) to ¥20.17 (bull case); at ¥11.19, the current price sits within 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 18% below its 52-week high and 32% 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 32%, 000680 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 ¥7.64 ¥12.31 ¥20.26 80
Residual Income ¥5.36 ¥7.24 ¥31.63 76
Rev-Margin DCF ¥8.72 ¥14.52 ¥22.05 74
All 26 models by family
DCF Models
FCF DCF ¥7.69 ¥12.80 ¥21.76 38
Owner Earnings ¥14.14 ¥24.57 ¥42.87 31
5Y Revenue Exit ¥8.72 ¥14.72 ¥22.98 39
5Y EBITDA Exit ¥10.01 ¥17.39 ¥26.76 41
5Y P/E Exit ¥11.48 ¥20.45 ¥30.83 38
10Y Revenue Exit ¥8.06 ¥13.66 ¥22.45 36
10Y EBITDA Exit ¥9.18 ¥15.62 ¥25.63 37
10Y P/E Exit ¥10.16 ¥17.87 ¥29.07 35
Earnings-Based
Graham-Dodd ¥5.49 ¥25.95 ¥35.69 54
Lynch FV ¥6.89 ¥9.84 ¥12.79 50
PEG = 1.0 ¥6.89 ¥9.84 ¥12.79 46
EPV ¥8.82 ¥10.04 ¥11.11 59
Dividend Discount
Gordon GGM ¥1.55 ¥3.23 ¥5.12 70
DDM Multi-Stage ¥1.55 ¥2.72 ¥3.39 61
Multiples
P/E Multiple ¥12.71 ¥16.95 ¥21.19 63
P/S Multiple ¥10.29 ¥13.72 ¥17.15 58
P/B Multiple ¥10.29 ¥13.72 ¥17.15 55
EV/EBIT ¥12.39 ¥16.02 ¥19.65 53
EV/EBITDA ¥11.87 ¥15.33 ¥18.79 54
EV/Revenue ¥9.28 ¥12.61 ¥15.94 43
Asset-Based
NCAV (Graham) ¥2.06 ¥2.76 ¥4.11 50
Growth DCF
Growth DCF ¥7.64 ¥12.31 ¥20.26 80
Rev-Margin DCF ¥8.72 ¥14.52 ¥22.05 74
Economic Profit
Residual Income ¥5.36 ¥7.24 ¥31.63 76
ROIC Compounder ¥9.78 ¥12.44 ¥15.75 72
Growth Earnings
Growth-Adj P/E ¥10.86 ¥15.52 ¥20.17 68

Widest divergence: DCF Models (¥15.62) versus Dividend Discount (¥2.72). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 15.3B CNY
Revenue growth (YoY) +20.1%
Net margin 8.3%
Return on equity 20.2%
Free cash flow 714M CNY FY2025
P/E ratio 12.6
More key figures
Operating margin 11.2%
EPS (TTM) ¥0.8500
Dividend yield 1.3%
EPS growth (YoY) +20.9%
Net cash 1.5B CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 53

Profitability 49
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 42
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 55
Distance to the 52-week high (market factor)
Net Issuance 84
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

Shantui Construction Machinery Co., Ltd. manufactures and sells construction machinery products in China and internationally.

Full company description

Shantui Construction Machinery Co., Ltd. manufactures and sells construction machinery products in China and internationally. The company offers new energy equipment, bulldozer, loader, excavator, push-loading machine, mining card, grader, roller, milling machine, paver, cold recycling machine, concrete mixing equipment, road mixing equipment, dry-mixed mortar equipment, concrete conveying equipment, cement crusher, and mobile crushing and screening equipment. It also provides bulldozer chassis components, bulldozer wear parts and oil, excavator chassis parts, excavator wear parts, excavator maintenance parts, loader maintenance parts, and loader transmission components. The company offers its products for mining, road construction and maintenance, agriculture, forestry and water conservancy, port terminal, quarrying and concrete, urban construction, airport, bridge, and sanitation applications. Shantui Construction Machinery Co., Ltd. was founded in 1952 and is headquartered in Jining, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shantui Construction Machinery Co reported revenue of ¥14.6B in FY2025 versus ¥9.2B in FY2021, a compound +12.4%/yr. Reported net income was ¥1.2B in FY2025, compounding +65.2%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
14.6B CNY
Latest YoY
+2.8%
Avg. growth/yr (3Y)
+13.5%
Avg. growth/yr (5Y)
+15.5%
Avg. growth/yr (30Y)
+12.6%
Revenue +12.4%/yr
FY21 ¥9.2B
FY22 ¥10.0B
FY23 ¥11.4B
FY24 ¥14.2B
FY25 ¥14.6B
Net income +65.2%/yr
FY21 ¥163M
FY22 ¥632M
FY23 ¥783M
FY24 ¥1.1B
FY25 ¥1.2B

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Cite: Fair Value Calculator (2026). "Shantui Construction Machinery Co Fair Value". https://www.fairvalue-calculator.com/stock/000680

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 58 · Above median
Fair Value upside +32% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 20% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 0.17× · Higher than median

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

P/E (TTM) 12.6× · Cheaper than 75% of peers
P/B 2.60× · Pricier than median
P/S (TTM) 1.05× · Pricier than median
P/FCF 3.3× · Cheaper than median
EV/EBITDA 7.8× · Cheaper than median
PEG 6.31× · Pricier 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 77 · sector 22
FUTURE 100 · sector 30
PAST 81 · sector 32
HEALTH 91 · sector 93
DIVIDEND 26 · sector 40

Insider activity: 40/100

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 21, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $952.41 $307.83 -68%
Deere & Company DE $597.24 $187.86 -69%
AB Volvo (publ), VOLVA kr 336.60 kr 288.08 -14%
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 Shantui Construction Machinery Co (000680) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥14.82 versus a price of ¥11.19, about +32% (undervalued).
What is the fair value of 000680?
Our model-based fair value for Shantui Construction Machinery Co is ¥14.82 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥11.19.
What is the quality score of 000680?
Shantui Construction Machinery Co has a Quality Score of 58/100. 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 Shantui Construction Machinery Co (000680)?
Shantui Construction Machinery Co reported trailing-twelve-month revenue of about 15.3B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000680?
The net profit margin of Shantui Construction Machinery Co is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.
Does Shantui Construction Machinery Co pay a dividend?
Shantui Construction Machinery Co currently shows a dividend yield of about 1.29% relative to its recent price (as of Jul 21, 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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