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Vontron Technology Co (000920) Fair Value & Analysis

Industrials · CN · Market cap 6.8B CNY

VT Vontron Technology Co 000920 · SHE
Price¥11.60
Fair Value¥9.80
Upside-15.5%
Quality72/100
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Healthy Growth
Solidly profitable · 11.0% net margin
Low debt · generates free cash flow
1.56% dividend yield
Mixed vs. peers (6/14)
Moderate moat 53/100
Evidence: Medium Range ¥7.35 – ¥11.90 Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −2.8% over the past month.

A solid business, but screening 16% overvalued on our models.

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • Our model range runs from ¥7.35 (bear) to ¥11.90 (bull), base ¥9.80. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

¥16.46 ¥5.26 Fair Value ¥9.80 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 ¥5.26 – ¥16.46 · fair‑value band ¥7.35 – ¥11.90 · the ¥11.60 price screens above the ¥9.80 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

Vontron Technology Co (000920) currently trades at ¥11.60, while our model-based Fair Value estimate is ¥9.80, implying the stock looks roughly 15.5% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Vontron Technology Co generated revenue of 2.0B CNY at a net margin of 11.0%. Revenue declined 3.8% year over year. It earns a return on equity of 10.7%. The balance sheet holds a net cash position of 805M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥7.35 (bear case) to ¥11.90 (bull case); at ¥11.60, 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 22% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -28% fair-value upside, at -16%, 000920 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 ¥8.05 ¥10.88 ¥14.77 80
Residual Income ¥3.76 ¥4.23 ¥6.80 76
Rev-Margin DCF ¥6.69 ¥9.30 ¥12.32 74
All 26 models by family
DCF Models
FCF DCF ¥7.97 ¥11.18 ¥15.89 38
Owner Earnings ¥8.30 ¥11.69 ¥16.65 31
5Y Revenue Exit ¥6.69 ¥9.26 ¥12.49 39
5Y EBITDA Exit ¥7.87 ¥11.46 ¥15.62 41
5Y P/E Exit ¥8.21 ¥12.09 ¥16.15 38
10Y Revenue Exit ¥6.98 ¥9.40 ¥12.57 36
10Y EBITDA Exit ¥7.85 ¥10.90 ¥14.91 37
10Y P/E Exit ¥8.05 ¥11.32 ¥15.30 35
Earnings-Based
Graham-Dodd ¥3.17 ¥9.85 ¥13.09 54
Lynch FV ¥2.14 ¥3.05 ¥3.97 50
PEG = 1.0 ¥2.14 ¥3.05 ¥3.97 46
EPV ¥5.62 ¥6.22 ¥6.74 59
Dividend Discount
Gordon GGM ¥1.82 ¥3.62 ¥5.49 70
DDM Multi-Stage ¥1.82 ¥2.95 ¥3.82 61
Multiples
P/E Multiple ¥7.35 ¥9.80 ¥12.25 63
P/S Multiple ¥5.95 ¥7.93 ¥9.92 58
P/B Multiple ¥5.95 ¥7.93 ¥9.92 55
EV/EBIT ¥7.93 ¥9.97 ¥12.01 53
EV/EBITDA ¥8.57 ¥10.82 ¥13.08 54
EV/Revenue ¥6.18 ¥8.05 ¥9.92 43
Asset-Based
NCAV (Graham) ¥2.11 ¥2.83 ¥4.22 50
Growth DCF
Growth DCF ¥8.05 ¥10.88 ¥14.77 80
Rev-Margin DCF ¥6.69 ¥9.30 ¥12.32 74
Economic Profit
Residual Income ¥3.76 ¥4.23 ¥6.80 76
ROIC Compounder ¥5.86 ¥6.88 ¥8.08 72
Growth Earnings
Growth-Adj P/E ¥6.07 ¥8.67 ¥11.27 68

Widest divergence: DCF Models (¥11.18) versus Asset-Based (¥2.83). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.0B CNY
Revenue growth (YoY) -3.8%
Net margin 11.0%
Return on equity 10.7%
Free cash flow 270M CNY FY2025
P/E ratio 30.4
More key figures
Operating margin 14.7%
EPS (TTM) ¥0.4700
Dividend yield 1.6%
EPS growth (YoY) -0.7%
Net cash 805M CNY FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 71 · Market factors (momentum, volatility) 45

Profitability 48
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 62
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

Vontron Technology Co., Ltd. researches, develops, manufactures, and sells separation membranes and related materials in China and internationally.

Full company description

Vontron Technology Co., Ltd. researches, develops, manufactures, and sells separation membranes and related materials in China and internationally. The company offers Industrial reverse osmosis membrane RO, nanofiltration membrane NF, enhanced reverse osmosis helixfil, zero emission ZERO, ultrapure water reverse osmosis membrane, SP film for food and beverages, ultrafiltration membrane VUF, and household film.It also researches, produces, and sells plant fiber elastic materials and products, furniture, bedding, and pillows. The company was formerly known as South Huiton Co., Ltd. and changed its name to Vontron Technology Co., Ltd. in September 2021. Vontron Technology Co., Ltd. was founded in 1975 and is headquartered in Guiyang, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Vontron Technology Co reported revenue of ¥2.0B in FY2025 versus ¥1.4B in FY2021, a compound +9.8%/yr. Reported net income was ¥221M in FY2025, compounding +16.1%/yr from FY2021.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.0B CNY
Latest YoY
+15.1%
Avg. growth/yr (3Y)
+11.1%
Avg. growth/yr (5Y)
+9.9%
Avg. growth/yr (29Y)
+7.2%
Revenue +9.8%/yr
FY21 ¥1.4B
FY22 ¥1.5B
FY23 ¥1.7B
FY24 ¥1.7B
FY25 ¥2.0B
Net income +16.1%/yr
FY21 ¥121M
FY22 ¥145M
FY23 ¥165M
FY24 ¥198M
FY25 ¥221M

000920 screens 16% overvalued. Compare with Union Pacific Corporation →

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Cite: Fair Value Calculator (2026). "Vontron Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/000920

Peer Group

Railroads · 111 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 72 · Top 25%
Fair Value upside −16% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 11% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth -4% · Below median
Dividend yield (TTM) 1.6% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 30.4× · Pricier than 75% of peers
P/B 3.39× · Pricier than 75% of peers
P/S (TTM) 3.37× · Pricier than median
P/FCF 3.7× · Pricier than median
EV/EBITDA 17.2× · 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 13 · sector 28
FUTURE 0 · sector 20
PAST 43 · sector 31
HEALTH 98 · sector 88
DIVIDEND 31 · sector 41

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 Railroads stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $301.75 $144.60 -52%
CSX Corporation CSX $49.41 $12.85 -74%
Canadian Pacific Kansas City Limited CP $92.91 $35.00 -62%
Canadian National Railway Company CNI $128.22 $92.63 -28%
Norfolk Southern Corporation NSC $327.47 $117.90 -64%
Westinghouse Air Brake Technologies Corporation WAB $259.71 $144.80 -44%
Beijing-Shanghai High-Speed Railway Co 601816 ¥4.82 ¥5.65 +17%
CRRC Corporation 601766 ¥5.65 ¥9.53 +69%
Daqin Railway Co 601006 ¥4.85 ¥6.24 +29%
Hyundai Rotem Company 064350 167,700 KRW 125,182 KRW -25%

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Frequently asked questions

Is Vontron Technology Co (000920) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥9.80 versus a price of ¥11.60, about −16% (overvalued).
What is the fair value of 000920?
Our model-based fair value for Vontron Technology Co is ¥9.80 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥11.60.
What is the quality score of 000920?
Vontron Technology Co has a Quality Score of 72/100. 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 Vontron Technology Co (000920)?
Vontron Technology Co reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000920?
The net profit margin of Vontron Technology Co is about 11.0%, meaning it keeps roughly 11.0% of revenue as net income. Based on the latest reported figures.
Does Vontron Technology Co pay a dividend?
Vontron Technology Co currently shows a dividend yield of about 1.56% 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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