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Haian Rubber Group (001233) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 9.8B CNY

HR Haian Rubber Group 001233 · SHE
Price¥44.83
Fair Value¥51.15
Upside+14.1%
Quality42/100
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Mixed Growth
Highly profitable · 28.8% net margin
Low debt · generates free cash flow
3.89% dividend yield
Ranks above peers (9/14)
Wide moat 82/100
Evidence: High Range ¥36.62 – ¥63.95 Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price +8.5% over the past month.

Below-average quality, screening 14% undervalued on our models.

What matters now

  • Our model range runs from ¥36.62 (bear) to ¥63.95 (bull), base ¥51.15. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 42/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (8 months)

¥86.55 ¥40.22 Fair Value ¥51.15 Nov 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 21, 2026.

How to read this chart

8‑month range ¥40.22 – ¥86.55 · fair‑value band ¥36.62 – ¥63.95 · the ¥44.83 price screens below the ¥51.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 21, 2026.

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Analysis

Haian Rubber Group (001233) currently trades at ¥44.83, while our model-based Fair Value estimate is ¥51.15, implying the stock looks roughly 14.1% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical 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, Haian Rubber Group generated revenue of 2.2B CNY at a net margin of 28.8%. Revenue declined 14.3% year over year. It earns a return on equity of 24.5%. The balance sheet holds a net cash position of 462M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥36.62 (bear case) to ¥63.95 (bull case); at ¥44.83, 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 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 14%, 001233 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 ¥29.27 ¥42.40 ¥62.52 80
Residual Income ¥22.80 ¥27.00 ¥61.66 76
Rev-Margin DCF ¥34.94 ¥53.28 ¥79.14 74
All 26 models by family
DCF Models
FCF DCF ¥29.71 ¥40.59 ¥67.57 38
Owner Earnings ¥69.46 ¥123.98 ¥226.06 31
5Y Revenue Exit ¥34.94 ¥54.29 ¥82.46 39
5Y EBITDA Exit ¥53.57 ¥95.98 ¥153.61 41
5Y P/E Exit ¥49.79 ¥87.53 ¥134.43 38
10Y Revenue Exit ¥32.35 ¥50.40 ¥81.96 36
10Y EBITDA Exit ¥45.61 ¥81.73 ¥145.13 37
10Y P/E Exit ¥43.08 ¥75.38 ¥128.10 35
Earnings-Based
Graham-Dodd ¥20.46 ¥122.81 ¥171.17 54
Lynch FV ¥35.01 ¥50.01 ¥65.02 50
PEG = 1.0 ¥35.01 ¥50.01 ¥65.02 46
EPV ¥41.01 ¥44.97 ¥48.39 59
Dividend Discount
Gordon GGM ¥0.2900 ¥0.5900 ¥0.8900 70
DDM Multi-Stage ¥0.2900 ¥0.5100 ¥0.6200 61
Multiples
P/E Multiple ¥45.14 ¥60.18 ¥75.23 63
P/S Multiple ¥22.51 ¥30.01 ¥37.51 58
P/B Multiple ¥38.37 ¥51.16 ¥63.95 55
EV/EBIT ¥62.61 ¥78.18 ¥93.74 53
EV/EBITDA ¥66.80 ¥83.76 ¥100.73 54
EV/Revenue ¥36.91 ¥45.91 ¥54.91 43
Asset-Based
NCAV (Graham) ¥12.56 ¥16.83 ¥25.12 50
Growth DCF
Growth DCF ¥29.27 ¥42.40 ¥62.52 80
Rev-Margin DCF ¥34.94 ¥53.28 ¥79.14 74
Economic Profit
Residual Income ¥22.80 ¥27.00 ¥61.66 76
ROIC Compounder ¥45.53 ¥56.31 ¥70.34 72
Growth Earnings
Growth-Adj P/E ¥49.76 ¥71.09 ¥92.41 68

Widest divergence: DCF Models (¥75.38) versus Dividend Discount (¥0.5100). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 2.2B CNY
Revenue growth (YoY) -14.3%
Net margin 28.8%
Return on equity 24.5%
Free cash flow 187M CNY FY2025
P/E ratio 16.6
More key figures
Operating margin 29.2%
EPS (TTM) ¥3.17
Dividend yield 3.9%
EPS growth (YoY) -38.7%
Net cash 462M CNY FY2024

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 13

Profitability 52
Margins and returns on capital today
Quality Growth 21
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 31
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
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

Haian Rubber Group Co., Ltd. manufactures and distributes radial OTR tires. The company offers off-the-road tires, off-the-road OTR Tires, mining dump truck tires, giant earthmover tires, giant earthmover OTR tires, specialty earthmover tires, rigid dump truck tires, mining OTR tires, tires, and tires.

Full company description

Haian Rubber Group Co., Ltd. manufactures and distributes radial OTR tires. The company offers off-the-road tires, off-the-road OTR Tires, mining dump truck tires, giant earthmover tires, giant earthmover OTR tires, specialty earthmover tires, rigid dump truck tires, mining OTR tires, tires, and tires. The company was founded in 2005 and is based in Putian, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Haian Rubber Group reported revenue of ¥2.2B in FY2025 versus ¥759M in FY2021, a compound +31.0%/yr. Reported net income was ¥560M in FY2025, compounding +62.9%/yr from FY2021.

Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
2.2B CNY
Latest YoY
−2.9%
Avg. growth/yr (3Y)
+14.0%
Avg. growth/yr (5Y)
+35.0%
Revenue +31.0%/yr
FY21 ¥759M
FY22 ¥1.5B
FY23 ¥2.3B
FY24 ¥2.3B
FY25 ¥2.2B
Net income +62.9%/yr
FY21 ¥79.5M
FY22 ¥354M
FY23 ¥654M
FY24 ¥679M
FY25 ¥560M

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Cite: Fair Value Calculator (2026). "Haian Rubber Group Fair Value". https://www.fairvalue-calculator.com/stock/001233

Peer Group

Auto Parts · 642 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 42 · Bottom 25%
Fair Value upside +14% · Above median
Return on equity (TTM) 24% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 29% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth -14% · Bottom 25%
Dividend yield (TTM) 3.9% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 16.6× · Cheaper than median
P/B 2.09× · Pricier than median
P/S (TTM) 4.40× · Pricier than 75% of peers
P/FCF 7.7× · Pricier than 75% of peers
EV/EBITDA 6.1× · Cheaper than median

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 52 · sector 17
FUTURE 0 · sector 23
PAST 98 · sector 26
HEALTH 99 · sector 95
DIVIDEND 78 · sector 30

Insider activity: 45/100

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

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 482,000 KRW 678,420 KRW +41%
Magna International Inc MGAN 1,122 MXN 1,172 MXN +4%
Samvardhana Motherson International Limited MOTHERSON ₹144.17 ₹80.63 -44%
Bosch Limited BOSCHLTD ₹41,110 ₹14,004 -66%
Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
Schaeffler India Limited SCHAEFFLER ₹4,135 ₹1,412 -66%
Hankook Tire & Technology Co 161390 73,600 KRW 196,479 KRW +167%
MRF Limited MRF ₹131,025 ₹125,849 -4%
Sona BLW Precision Forgings Limited SONACOMS ₹792.00 ₹207.06 -74%

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Frequently asked questions

Is Haian Rubber Group (001233) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥51.15 versus a price of ¥44.83, about +14% (undervalued).
What is the fair value of 001233?
Our model-based fair value for Haian Rubber Group is ¥51.15 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥44.83.
What is the quality score of 001233?
Haian Rubber Group has a Quality Score of 42/100. 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 Haian Rubber Group (001233)?
Haian Rubber Group reported trailing-twelve-month revenue of about 2.2B CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 001233?
The net profit margin of Haian Rubber Group is about 28.8%, meaning it keeps roughly 28.8% of revenue as net income. Based on the latest reported figures.
Does Haian Rubber Group pay a dividend?
Haian Rubber Group currently shows a dividend yield of about 3.89% 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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