Weihai Guangtai Airport Equipment Co (002111) Fair Value & Analysis

Industrials · CN · Market cap 5.1B CNY

A solid business, but screening 47% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥6.37). The favourable scenario is already priced in.
• Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥5.84 – ¥14.70 · fair‑value band ¥3.82 – ¥6.37 · the ¥9.59 price screens above the ¥5.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Weihai Guangtai Airport Equipment Co (002111) currently trades at ¥9.59, while our model-based Fair Value estimate is ¥5.09, implying the stock looks roughly 46.9% overvalued today. The Quality Score stands at 62/100 (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: high).

Over the trailing twelve months, Weihai Guangtai Airport Equipment Co generated revenue of 3.5B CNY at a net margin of 4.7%. Revenue grew 32.2% year over year. It earns a return on equity of 5.2%. Net debt stands at 680M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥3.82 (bear case) to ¥6.37 (bull case); at ¥9.59, 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 18% below its 52-week high and 6% 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 -47%, 002111 screens richer 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.

Widest divergence: DCF Models (¥10.00) versus Dividend Discount (¥3.44). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Weihai Guangtai Airport Equipment Co.,Ltd engages in the manufacture and sale of ground support equipment and fire-fighting equipment in China and internationally.

Full company description

Weihai Guangtai Airport Equipment Co.,Ltd engages in the manufacture and sale of ground support equipment and fire-fighting equipment in China and internationally. The company offers airport equipment, such as aircraft container cargo loaders, aircraft tractors, passenger shuttles, aircraft de-icing vehicles, gas source vehicles, aircraft tank refueling vehicles, airport snow removal vehicles, 400Hz aircraft power supplies, and passenger boarding bridges; and fire trucks and emergency rescue vehicles. It also provides automatic fire alarm systems, image detection alarm systems, home safety fire protection systems, large space alarm and fire extinguishing systems, electrical fire monitoring systems, fire power supply monitoring systems, fire door monitoring systems, gas fire extinguishing systems, emergency lighting and evacuation indication systems, smoke exhaust systems, inspection robots, and emergency rescue power supply systems; mobile medical emergency equipment; and airport equipment and special equipment, as well as after-sale services. The company was founded in 1991 and is headquartered in Weihai, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Weihai Guangtai Airport Equipment Co reported revenue of ¥3.3B in FY2025 versus ¥3.2B in FY2021, a compound +0.6%/yr. Reported net income was ¥129M in FY2025, compounding +19.2%/yr from FY2021.

002111 screens 47% overvalued. Compare with Caterpillar Inc →

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.

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

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 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.