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Zhongshan Broad-Ocean Motor Co (002249) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 20.6B CNY

ZB Zhongshan Broad-Ocean Motor Co 002249 · SHE
Price¥7.40
Fair Value¥7.46
Upside+0.8%
Quality61/100
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Healthy Growth
Thin margins · 9.1% net margin
Low debt · generates free cash flow
3.63% dividend yield
Ranks above peers (10/14)
Moderate moat 50/100
Evidence: High Range ¥5.60 – ¥9.33 Share as image

Fair value as of: Jul 22, 2026

From 26 valuation models · updated 19 days ago

Share price −10.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ¥5.60 (bear) to ¥9.33 (bull), base ¥7.46. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 61/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥12.98 ¥3.50 Fair Value ¥7.46 Feb 2021 Aug 2026

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 ¥3.50 – ¥12.98 · fair‑value band ¥5.60 – ¥9.33 · the ¥7.40 price screens below the ¥7.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Zhongshan Broad-Ocean Motor Co (002249) currently trades at ¥7.40, while our model-based Fair Value estimate is ¥7.46, implying the stock looks roughly 0.8% fairly valued today. The Quality Score stands at 61/100 (solid 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, Zhongshan Broad-Ocean Motor Co generated revenue of 12.1B CNY at a net margin of 9.1%. Revenue declined 3.9% year over year. It earns a return on equity of 11.7%. Net debt stands at 681M CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥5.60 (bear case) to ¥9.33 (bull case); at ¥7.40, 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 44% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 1%, 002249 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 ¥7.95 ¥12.66 ¥20.41 80
Residual Income ¥3.62 ¥4.11 ¥6.87 76
Rev-Margin DCF ¥5.65 ¥8.35 ¥11.73 74
All 26 models by family
DCF Models
FCF DCF ¥7.94 ¥12.92 ¥21.24 38
Owner Earnings ¥4.87 ¥7.62 ¥12.21 31
5Y Revenue Exit ¥5.65 ¥8.34 ¥11.84 39
5Y EBITDA Exit ¥6.65 ¥10.34 ¥14.81 41
5Y P/E Exit ¥7.56 ¥12.16 ¥17.27 38
10Y Revenue Exit ¥6.26 ¥9.03 ¥12.95 36
10Y EBITDA Exit ¥7.03 ¥10.47 ¥15.37 37
10Y P/E Exit ¥7.63 ¥11.78 ¥17.37 35
Earnings-Based
Graham-Dodd ¥2.99 ¥12.39 ¥16.89 54
Lynch FV ¥3.13 ¥4.47 ¥5.81 50
PEG = 1.0 ¥3.13 ¥4.47 ¥5.81 46
EPV ¥4.10 ¥4.61 ¥5.05 59
Dividend Discount
Gordon GGM ¥2.08 ¥4.33 ¥6.87 70
DDM Multi-Stage ¥2.08 ¥3.65 ¥4.54 61
Multiples
P/E Multiple ¥6.92 ¥9.22 ¥11.53 63
P/S Multiple ¥5.60 ¥7.46 ¥9.33 58
P/B Multiple ¥5.60 ¥7.46 ¥9.33 55
EV/EBIT ¥6.03 ¥7.68 ¥9.33 53
EV/EBITDA ¥6.49 ¥8.30 ¥10.11 54
EV/Revenue ¥4.61 ¥6.12 ¥7.64 43
Asset-Based
NCAV (Graham) ¥2.00 ¥2.68 ¥4.00 50
Growth DCF
Growth DCF ¥7.95 ¥12.66 ¥20.41 80
Rev-Margin DCF ¥5.65 ¥8.35 ¥11.73 74
Economic Profit
Residual Income ¥3.62 ¥4.11 ¥6.87 76
ROIC Compounder ¥4.15 ¥5.16 ¥6.56 72
Growth Earnings
Growth-Adj P/E ¥5.36 ¥7.66 ¥9.96 68

Widest divergence: DCF Models (¥10.34) versus Asset-Based (¥2.68). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 12.1B CNY
Revenue growth (YoY) -3.9%
Net margin 9.1%
Return on equity 11.7%
Free cash flow 1.4B CNY FY2025
P/E ratio 19.0
More key figures
Operating margin 11.6%
EPS (TTM) ¥0.4400
Dividend yield 3.6%
Net debt 681M CNY FY2025

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 61 · Market factors (momentum, volatility) 40

Profitability 41
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 71
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 35
Distance to the 52-week high (market factor)
Net Issuance 63
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

Zhongshan Broad-Ocean Motor Co., Ltd. engages in the motor systems business in China. The company offers building and home appliances motors, new energy vehicle powertrain systems, and vehicle rotating electrical appliances.

Full company description

Zhongshan Broad-Ocean Motor Co., Ltd. engages in the motor systems business in China. The company offers building and home appliances motors, new energy vehicle powertrain systems, and vehicle rotating electrical appliances. The company also provides motors for household/commercial air conditioners, building ventilation equipment, kitchen appliances, automatic garage doors, and water pumps; compressor motors for commercial air conditioners; fan systems for heating/ventilation systems and air conditioning equipment; energy vehicle drive motors, controllers and electric drive assembly systems, range extender generators, and BSG motor systems; and vehicle rotating electrical appliances. In addition, it offers hydrogen fuel cell engines and their core components, including high-speed centrifugal air compressors, high-pressure shielded water pumps, hydrogen circulation systems, high-pressure cooling fans, etc. The company was founded in 1994 and is headquartered in Zhongshan, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zhongshan Broad-Ocean Motor Co reported revenue of ¥12.2B in FY2025 versus ¥10.0B in FY2021, a compound +5.0%/yr. Reported net income was ¥1.1B in FY2025, compounding +44.2%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
12.2B CNY
Latest YoY
+0.6%
Avg. growth/yr (3Y)
+3.7%
Avg. growth/yr (5Y)
+9.4%
Avg. growth/yr (20Y)
+14.9%
Revenue +5.0%/yr
FY21 ¥10.0B
FY22 ¥10.9B
FY23 ¥11.3B
FY24 ¥12.1B
FY25 ¥12.2B
Net income +44.2%/yr
FY21 ¥250M
FY22 ¥427M
FY23 ¥630M
FY24 ¥888M
FY25 ¥1.1B

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Cite: Fair Value Calculator (2026). "Zhongshan Broad-Ocean Motor Co Fair Value". https://www.fairvalue-calculator.com/stock/002249

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 61 · Top 25%
Fair Value upside +1% · Above median
Return on equity (TTM) 12% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 12% · Top 25%
Revenue growth -4% · Below median
Dividend yield (TTM) 3.6% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 19.0× · Cheaper than median
P/B 2.08× · Pricier than median
P/S (TTM) 1.70× · Pricier than median
P/FCF 2.2× · Cheaper than median
EV/EBITDA 12.8× · Pricier 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 34 · sector 17
FUTURE 0 · sector 23
PAST 47 · sector 26
HEALTH 99 · sector 95
DIVIDEND 73 · sector 30

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 22, 2026).

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Bharat Forge Limited BHARATFORG ₹2,117 ₹441.74 -79%
Uno Minda Limited UNOMINDA ₹1,158 ₹426.57 -63%
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Frequently asked questions

Is Zhongshan Broad-Ocean Motor Co (002249) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of ¥7.46 versus a price of ¥7.40, about +1% (fairly valued).
What is the fair value of 002249?
Our model-based fair value for Zhongshan Broad-Ocean Motor Co is ¥7.46 (as of Jul 22, 2026), built from audited fundamentals. The current price is ¥7.40.
What is the quality score of 002249?
Zhongshan Broad-Ocean Motor Co has a Quality Score of 61/100. 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 Zhongshan Broad-Ocean Motor Co (002249)?
Zhongshan Broad-Ocean Motor Co reported trailing-twelve-month revenue of about 12.1B CNY (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 002249?
The net profit margin of Zhongshan Broad-Ocean Motor Co is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does Zhongshan Broad-Ocean Motor Co pay a dividend?
Zhongshan Broad-Ocean Motor Co currently shows a dividend yield of about 3.63% relative to its recent price (as of Jul 22, 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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