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Anhui Tuoshan Heavy Industry Co. Ltd. (001226) Fair Value & Analysis

Industrials · CN · Market cap 3.7B CNY (≈ $546M)

What is Anhui Tuoshan Heavy Industry Co. Ltd. really worth?

AT Anhui Tuoshan Heavy Industry Co. Ltd. 001226 · SHE
Price¥48.45
Fair Value¥5.77
Upside−88.1%
Quality56/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 740% above our fair value of ¥5.77.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −2.1 %/yr)
!Thin margins · 3.2% net margin
!Trails peers (3/14)
!Narrow moat 29/100
!Evidence only low, so the estimate is less certain
!Weak on past: 11 out of 100
!Weak on dividend: 19 out of 100
Evidence: Low Range ¥4.21 – ¥7.21

Fair value as of: Aug 18, 2026

From 25 valuation models · updated 14 days ago

Share price +26.9% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (¥7.21). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (4 years)

¥54.46 ¥19.64 Fair Value ¥5.77 Jun 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

50‑month range ¥19.64 – ¥54.46 · fair‑value band ¥4.21 – ¥7.21 · the ¥48.45 price screens above the ¥5.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

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Analysis

Anhui Tuoshan Heavy Industry Co. Ltd. (001226) currently trades at ¥48.45, while our model-based Fair Value estimate is ¥5.77, implying the stock looks roughly 739.6% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the Asset-Based group reads highest at a median of ¥6.57 per share, and 0 of the 25 models we run sit above the ¥48.45 price. Bear case: the Earnings-Based group reads lowest at ¥1.71, and 25 of the 25 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Anhui Tuoshan Heavy Industry Co. Ltd. generated revenue of 707M CNY at a net margin of 3.2%. Revenue grew 17.1% year over year. It earns a return on equity of 2.8%. Net debt stands at 68.0M CNY. Fundamentals as of Aug 18, 2026

Our scenario range runs from ¥4.21 (bear case) to ¥7.21 (bull case); at ¥48.45, the current price sits above 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 13% below its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −88%, 001226 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2005 per share, which is 3.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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. Evidence
Highest evidence
FCF DCF ¥1.43 ¥2.15 ¥3.20 80
Growth DCF ¥1.45 ¥2.09 ¥2.96 79
Residual Income ¥7.03 ¥6.86 ¥5.71 76
All 25 models by family
DCF Models
FCF DCF ¥1.43 ¥2.15 ¥3.20 80
5Y Revenue Exit ¥3.00 ¥5.18 ¥7.99 71
5Y EBITDA Exit ¥4.82 ¥8.56 ¥12.95 74
5Y P/E Exit ¥2.97 ¥5.12 ¥7.38 70
10Y Revenue Exit ¥2.27 ¥4.09 ¥6.57 65
10Y EBITDA Exit ¥3.52 ¥6.38 ¥10.24 67
10Y P/E Exit ¥2.37 ¥4.05 ¥6.12 63
Earnings-Based
Graham-Dodd ¥1.87 ¥5.62 ¥7.45 65
Lynch FV ¥1.20 ¥1.71 ¥2.22 61
PEG = 1.0 ¥1.20 ¥1.71 ¥2.22 57
EPV ¥3.69 ¥4.27 ¥4.77 74
Dividend Discount
Gordon GGM ¥4.07 ¥8.11 ¥12.28 67
DDM Multi-Stage ¥4.07 ¥6.52 ¥8.56 66
Multiples
P/E Multiple ¥4.33 ¥5.77 ¥7.21 63
P/S Multiple ¥3.50 ¥4.67 ¥5.84 58
P/B Multiple ¥3.50 ¥4.67 ¥5.84 55
EV/EBIT ¥5.74 ¥7.65 ¥9.56 66
EV/EBITDA ¥7.62 ¥10.15 ¥12.69 67
EV/Revenue ¥4.10 ¥5.85 ¥7.61 53
Asset-Based
NCAV (Graham) ¥4.91 ¥6.57 ¥9.81 54
Growth DCF
Growth DCF ¥1.45 ¥2.09 ¥2.96 79
Rev-Margin DCF ¥3.00 ¥5.14 ¥7.55 72
Economic Profit
Residual Income ¥7.03 ¥6.86 ¥5.71 76
ROIC Compounder ¥3.69 ¥4.27 ¥4.77 72
Growth Earnings
Growth-Adj P/E ¥3.54 ¥5.05 ¥6.57 67

Widest divergence: Asset-Based (¥6.57) versus Earnings-Based (¥1.71). Highest evidence: FCF DCF (80).

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Key figures & financial health

P/E ratio 161.5
P/S ratio 4.90 P/E × margin
EPS (TTM) ¥0.3000 price ÷ EPS = P/E 161.5
Dividend yield 0.9% payout 153%
Net margin 3.0% FY2025
Return on equity 2.8% TTM
More key figures
Profitability
Return on assets (EBIT) 4.8% avg 5y
Operating margin 7.6% TTM
Growth
Revenue (TTM) 707M CNY TTM
Revenue growth (YoY) +17.1% 3y avg −1.3%
EPS growth (YoY) +27.3%
Balance sheet & cash flow
Free cash flow 9.9M CNY FY2025
Net debt 68.0M CNY FY2025 · ≈ 6.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 57

Profitability 25
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 75
Distance to the 52-week high (market factor)
Net Issuance 58
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Anhui Tuoshan Heavy Industry Co., Ltd. engages in the research, development, design, production, sale, and service of engineering machinery parts in China and internationally.

Full company description

Anhui Tuoshan Heavy Industry Co., Ltd. engages in the research, development, design, production, sale, and service of engineering machinery parts in China and internationally. It offers idler, track roller, sprocket, carrier roller, track shoes, steering clutch assembly, spring sets, braking device, forging tooth, forged adapter, pins, transmission parts, excavator, bulldozer, and loader steering clutches, brakes, axles, and forged steel bushings, as well as link, assembly, segment, and forging products. The company was founded in 1989 and is headquartered in Xuancheng, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Anhui Tuoshan Heavy Industry Co. Ltd. reported revenue of 676M CNY in FY2025 versus 887M CNY in FY2021, a compound −6.5%/yr. Reported net income was 20.5M CNY in FY2025, compounding −30.2%/yr from FY2021.

Growth Quality 38/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
676M CNY
Latest YoY
+12.5%
Avg. revenue growth/yr (3Y) 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.
−1.3%
Avg. revenue growth/yr (5Y) 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.
−2.1%
Avg. revenue growth/yr (7Y) 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.
+4.2%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, EBIT basis) plus dividend yield: value created per share and year.
−22.9% (−23.8 + 0.9)
Revenue −6.5%/yr
FY21 887M CNY
FY22 702M CNY
FY23 491M CNY
FY24 601M CNY
FY25 676M CNY
Net income −30.2%/yr
FY21 86.3M CNY
FY22 58.8M CNY
FY23 −12.5M CNY
FY24 20.3M CNY
FY25 20.5M CNY

001226 screens 740% overvalued. Compare with Caterpillar Inc →

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Cite: Fair Value Calculator (2026). "Anhui Tuoshan Heavy Industry Co. Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/001226

Peer Group

Farm & Heavy Construction Machinery · 152 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 −88% · Bottom 25%
Return on equity (TTM) 3% · Bottom 25%
Return on assets 1% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth 17% · Above median
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.12× · Lower than median

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

P/E (TTM) 161.5× · Pricier than 75% of peers
P/B 5.00× · Pricier than 75% of peers
P/S (TTM) 5.18× · Pricier than 75% of peers
P/FCF 55.2× · Pricier than 75% of peers
EV/EBITDA 70.2× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 15
FUTURE86 · sector 29
PAST11 · sector 31
HEALTH94 · sector 93
DIVIDEND19 · sector 37

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Farm & Heavy Construction Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Caterpillar Inc CAT $800.25 $307.83 −62%
Deere & Company DE $622.66 $182.29 −71%
AB Volvo (publ), VOLVA kr 351.40 kr 288.08 −18%
PACCAR Inc PCAR $129.23 $94.80 −27%
Daimler Truck Holding DTG €45.53 €47.70 +5%
Epiroc AB EPIA kr 272.80 kr 144.14 −47%
Exor N.V EXO €72.10 €123.44 +71%
Sany Heavy Industry Co 600031 ¥19.06 ¥20.84 +9%
Traton SE 8TRA €37.78 €52.60 +39%
Metso Oyj METSO €16.75 €10.73 −36%

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Frequently asked questions

Is Anhui Tuoshan Heavy Industry Co. Ltd. (001226) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ¥5.77 versus a price of ¥48.45, about −88% upside (overvalued).
What is the fair value of 001226?
Our model-based fair value for Anhui Tuoshan Heavy Industry Co. Ltd. is ¥5.77 (as of Aug 18, 2026), built from audited fundamentals. The current price: ¥48.45.
What is the quality score of 001226?
Anhui Tuoshan Heavy Industry Co. Ltd. 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 Anhui Tuoshan Heavy Industry Co. Ltd. (001226)?
Anhui Tuoshan Heavy Industry Co. Ltd. reported trailing-twelve-month revenue of about 707M CNY (latest available figure, as of Aug 18, 2026).
What is the net profit margin of 001226?
The net profit margin of Anhui Tuoshan Heavy Industry Co. Ltd. is about 3.2%, meaning it keeps roughly 3.2% of revenue as net income. Based on the latest reported figures.
Does Anhui Tuoshan Heavy Industry Co. Ltd. pay a dividend?
Anhui Tuoshan Heavy Industry Co. Ltd. currently shows a dividend yield of about 0.94% relative to its recent price (as of Aug 18, 2026).
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