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Sinotruk Jinan Truck Co (000951) Fair Value & Analysis

Industrials · CN · Market cap 26.4B CNY

SJ Sinotruk Jinan Truck Co 000951 · SHE
Price¥21.57
Fair Value¥29.92
Upside+38.7%
Quality56/100
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Weak Growth
Thin margins · 2.8% net margin
Low debt · generates free cash flow
3.79% dividend yield
Ranks above peers (12/15)
Narrow moat 39/100
Evidence: High Range ¥22.44 – ¥37.41 Share as image

Fair value as of: Jul 21, 2026

From 25 valuation models · updated 20 days ago

Share price −3.3% over the past month.

A solid business, screening 39% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (¥22.44). The market is more pessimistic than our downside scenario.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

¥29.17 ¥8.15 Fair Value ¥29.92 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 ¥8.15 – ¥29.17 · fair‑value band ¥22.44 – ¥37.41 · the ¥21.57 price screens below the ¥29.92 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

Sinotruk Jinan Truck Co (000951) currently trades at ¥21.57, while our model-based Fair Value estimate is ¥29.92, implying the stock looks roughly 38.7% undervalued today. The Quality Score stands at 56/100 (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, Sinotruk Jinan Truck Co generated revenue of 64.5B CNY at a net margin of 2.8%. Revenue grew 52.3% year over year. It earns a return on equity of 15.4%. Net debt stands at 110M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥22.44 (bear case) to ¥37.41 (bull case); at ¥21.57, 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 20% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 12% fair-value upside, at 39%, 000951 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 ¥11.67 ¥15.47 ¥23.14 80
Residual Income ¥12.29 ¥13.71 ¥21.81 76
ROIC Compounder ¥29.40 ¥41.60 ¥53.04 72
All 25 models by family
DCF Models
FCF DCF ¥11.95 ¥14.64 ¥23.21 38
Owner Earnings ¥32.30 ¥64.24 ¥131.29 31
5Y Revenue Exit ¥23.73 ¥39.49 ¥72.78 39
5Y EBITDA Exit ¥26.65 ¥45.39 ¥82.29 41
5Y P/E Exit ¥25.49 ¥52.57 ¥90.26 38
10Y Revenue Exit ¥19.78 ¥43.36 ¥61.05 36
10Y EBITDA Exit ¥22.77 ¥49.65 ¥99.03 37
10Y P/E Exit ¥21.92 ¥47.15 ¥90.44 35
Earnings-Based
Graham-Dodd ¥9.69 ¥67.58 ¥94.83 54
Lynch FV ¥29.45 ¥42.07 ¥54.69 50
PEG = 1.0 ¥29.45 ¥42.07 ¥54.69 46
EPV ¥23.75 ¥26.50 ¥28.91 59
Dividend Discount
Gordon GGM ¥6.61 ¥13.75 ¥21.81 70
DDM Multi-Stage ¥6.61 ¥11.59 ¥14.43 61
Multiples
P/E Multiple ¥22.44 ¥29.92 ¥37.41 63
P/S Multiple ¥18.17 ¥24.22 ¥30.28 58
P/B Multiple ¥18.17 ¥24.22 ¥30.28 55
EV/EBIT ¥33.56 ¥42.33 ¥51.10 53
EV/EBITDA ¥31.24 ¥39.23 ¥47.22 54
EV/Revenue ¥26.03 ¥34.08 ¥42.12 43
Asset-Based
NCAV (Graham) ¥6.91 ¥9.26 ¥13.83 50
Growth DCF
Growth DCF ¥11.67 ¥15.47 ¥23.14 80
Economic Profit
Residual Income ¥12.29 ¥13.71 ¥21.81 76
ROIC Compounder ¥29.40 ¥41.60 ¥53.04 72
Growth Earnings
Growth-Adj P/E ¥36.29 ¥51.85 ¥67.40 68

Widest divergence: Growth Earnings (¥51.85) versus Asset-Based (¥9.26). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 64.5B CNY
Revenue growth (YoY) +52.3%
Net margin 2.8%
Return on equity 15.4%
Free cash flow 326M CNY FY2025
P/E ratio 14.6
More key figures
Operating margin 4.6%
EPS (TTM) ¥1.55
Dividend yield 3.8%
EPS growth (YoY) +50.0%
Net debt 110M CNY FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 58

Profitability 41
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 17
Earnings quality: real cash, not paper profit
Fin. Strength 71
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 80
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

Sinotruk Jinan Truck Co.,Ltd. develops, produces, and sells various types of heavy-duty vehicles, special vehicles, specialized vehicles, engines, transmissions, axles, and other assemblies and automotive components in China. It also offers medium and heavy trucks, light trucks, new energy vehicles, coaches, and light vehicles.

Full company description

Sinotruk Jinan Truck Co.,Ltd. develops, produces, and sells various types of heavy-duty vehicles, special vehicles, specialized vehicles, engines, transmissions, axles, and other assemblies and automotive components in China. It also offers medium and heavy trucks, light trucks, new energy vehicles, coaches, and light vehicles. The company provides its products under the Yellow River, SITRAK, and HOWO brand names. It also exports its products. The company was formerly known as CNHTC Jinan Truck Co.,Ltd. Sinotruk Jinan Truck Co.,Ltd. was founded in 1930 and is headquartered in Jinan, China. Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) operates as a subsidiary of Sinotruk (Hong Kong) Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sinotruk Jinan Truck Co reported revenue of ¥57.6B in FY2025 versus ¥56.1B in FY2021, a compound +0.7%/yr. Reported net income was ¥1.7B in FY2025, compounding +12.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
57.6B CNY
Latest YoY
+28.3%
Avg. growth/yr (3Y)
+26.0%
Avg. growth/yr (5Y)
−0.8%
Avg. growth/yr (29Y)
+16.2%
Revenue +0.7%/yr
FY21 ¥56.1B
FY22 ¥28.8B
FY23 ¥42.1B
FY24 ¥44.9B
FY25 ¥57.6B
Net income +12.6%/yr
FY21 ¥1.0B
FY22 ¥214M
FY23 ¥1.1B
FY24 ¥1.5B
FY25 ¥1.7B

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Cite: Fair Value Calculator (2026). "Sinotruk Jinan Truck Co Fair Value". https://www.fairvalue-calculator.com/stock/000951

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 56 · Above median
Fair Value upside +39% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 52% · Top 25%
Dividend yield (TTM) 3.8% · Top 25%

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

P/E (TTM) 14.6× · Cheaper than median
P/B 1.63× · Cheaper than median
P/S (TTM) 0.41× · Cheaper than 75% of peers
P/FCF 12.0× · Pricier than median
EV/EBITDA 5.4× · 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 85 · sector 22
FUTURE 100 · sector 30
PAST 62 · sector 32
HEALTH 100 · sector 93
DIVIDEND 76 · 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 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 Sinotruk Jinan Truck Co (000951) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥29.92 versus a price of ¥21.57, about +39% (undervalued).
What is the fair value of 000951?
Our model-based fair value for Sinotruk Jinan Truck Co is ¥29.92 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥21.57.
What is the quality score of 000951?
Sinotruk Jinan Truck Co has a Quality Score of 56/100. 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 Sinotruk Jinan Truck Co (000951)?
Sinotruk Jinan Truck Co reported trailing-twelve-month revenue of about 64.5B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000951?
The net profit margin of Sinotruk Jinan Truck Co is about 2.8%, meaning it keeps roughly 2.8% of revenue as net income. Based on the latest reported figures.
Does Sinotruk Jinan Truck Co pay a dividend?
Sinotruk Jinan Truck Co currently shows a dividend yield of about 3.79% 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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