Shanghai SK Petroleum & Chemical Equipment Corporation (002278) Fair Value & Analysis
Industrials · CN · Market cap 3.3B CNY
Fair value as of: Jul 22, 2026
From 26 valuation models · updated 19 days ago
Fair value updated Jul 22, 2026, revised from ¥2.86 to ¥2.45 (−14.3%) since Jun 25, 2026. Share price +5.1% over the past month.
A solid business, but screening 69% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥3.06). The favourable scenario is already priced in.
- Solid but not exceptional quality (57/100) 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 ¥3.27 – ¥15.77 · fair‑value band ¥1.83 – ¥3.06 · the ¥7.88 price screens above the ¥2.45 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.
Analysis
Shanghai SK Petroleum & Chemical Equipment Corporation (002278) currently trades at ¥7.88, while our model-based Fair Value estimate is ¥2.45, implying the stock looks roughly 68.9% overvalued today. The Quality Score stands at 57/100 (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: medium).
Over the trailing twelve months, Shanghai SK Petroleum & Chemical Equipment Corporation generated revenue of 810M CNY at a net margin of 4.4%. Revenue declined 31.2% year over year. It earns a return on equity of 4.1%. The balance sheet holds a net cash position of 180M CNY. Fundamentals as of Jul 22, 2026
Our scenario range runs from ¥1.83 (bear case) to ¥3.06 (bull case); at ¥7.88, 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 52% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -69%, 002278 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.
All 26 models by family
Widest divergence: Growth DCF (¥4.64) versus Earnings-Based (¥0.8100). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 24
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
Shanghai SK Petroleum & Chemical Equipment Corporation Ltd., together with its subsidiaries, engages in the research and development, and manufacture of petroleum and chemical equipment in China. The company offers mud logging units, chromatographs, sensors, special and drilling instruments, LWD's, GMWD's, and FMWD's.
Full company description
Shanghai SK Petroleum & Chemical Equipment Corporation Ltd., together with its subsidiaries, engages in the research and development, and manufacture of petroleum and chemical equipment in China. The company offers mud logging units, chromatographs, sensors, special and drilling instruments, LWD's, GMWD's, and FMWD's. It also provides well logging tools, oil instruments, well control equipment, wellhead equipment, and rubber seals. In addition, the company offers mud logging and well logging services, MWD services, and rental services. Further, it provides oilfield engineering technical services; manufactures precision analyzing instrumentation; and supplies petroleum analysis instrumentation. The company also exports its products to America, the Middle East, Europe, Central Asia, South Asia, and Africa. Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. was founded in 1993 and is headquartered in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shanghai SK Petroleum & Chemical Equipment Corporation reported revenue of ¥873M in FY2025 versus ¥775M in FY2021, a compound +3.0%/yr. Reported net income was ¥55.9M in FY2025, compounding +6.8%/yr from FY2021.
002278 screens 69% overvalued. Compare with GE Vernova Inc →
Peer Group
Specialty Industrial Machinery · 809 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 Specialty Industrial 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.
Similar stocks
10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| GE Vernova Inc 1GEV | €887.60 | €186.93 | -79% |
| 1SIE 1SIE | €273.20 | €91.93 | -66% |
| SMNS SMNS | C$31.76 | C$22.68 | -29% |
| Eaton Corporation ETN | $407.28 | $171.92 | -58% |
| Atlas Copco AB ATCOA | kr 195.15 | kr 112.59 | -42% |
| Sandvik AB SAND | kr 384.10 | kr 193.01 | -50% |
| Doosan Enerbility Co 034020 | 76,400 KRW | 7,938 KRW | -90% |
| Vestas Wind Systems A/S VWS | kr 178.10 | kr 124.54 | -30% |
| Zhejiang Sanhua Intelligent Controls Co 002050 | ¥43.20 | ¥22.68 | -48% |
| NARI Technology Co 600406 | ¥22.19 | ¥18.71 | -16% |
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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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