Aerospace CH UAV Co Ltd (002389) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Aerospace CH UAV Co Ltd stock ¥8.31, price ¥16.09, upside -48.4%, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
60‑month range ¥11.75 – ¥29.21 · fair‑value band ¥6.71 – ¥9.90 · the ¥16.09 price screens above the ¥8.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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Aerospace CH UAV Co.,Ltd engages in the research and development, production, and sale of UAVs and unmanned airborne guided missiles.
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It offers spin-wing drones, solar-powered UAV, hydrogen-powered UAV, medium and large-scale surveillance UAV, and UAV airborne weapons for various applications, such as Aviation geophysical prospecting, emergency communication, forest fire prevention, digital city surveying and mapping, oil pipeline inspection, and marine.
The company also provides Polypropylene film for capacitor; photovoltaic backplane backing film, industrial, electronic and electrical film, optical film, protective film, capacitor polyester film, electronic, tape film, closed motor film, master paper film, and other fields and specifications; and optical coating film, including reflective film, brightening film and other products for use in LCD backlight film group, antistatic protective film, touch screen protective film, automotive glass insulation film, etc.
The company was formerly known as Zhejiang Nanyang Technology Co., Ltd. Aerospace CH UAV Co.,Ltd was founded in 2001 and is based in Beijing, China.
Stock analysis
Aerospace CH UAV Co Ltd (002389) currently trades at ¥16.09, while our model-based Fair Value estimate is ¥8.31, 48.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ¥3.78 per share, and 1 of the 16 models we run sit above the ¥16.09 price.
Bear case: the Dividend Discount group reads lowest at ¥0.9500, and 15 of the 16 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ¥6.71 (bear) to ¥9.90 (bull), the price of ¥16.09 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Aerospace CH UAV Co Ltd reported revenue of 2.9B CNY in FY2025 versus 2.9B CNY in FY2021, a compound +0.1%/yr. Reported net income was 26.9M CNY in FY2025, compounding −41.3%/yr from FY2021.
Key figures
Market cap 15.9B CNY (≈ $2.4B) Mid · P/E ratio 146.3 · P/S ratio 1.35 · EPS (TTM) ¥0.1100 · Dividend yield 0.4% · Net margin 0.9% · Return on equity 0.2% · Return on assets (EBIT) 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −48%, 002389 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (¥0.4500 to ¥36.06). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear¥6.71Fair Value ¥8.31Bull¥9.90
Price ¥16.09 · Upside -48.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (¥0.0416 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.24/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+14.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.4%
Start year 2020 (pandemic). Over 10 years: +12.2% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−35.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−35.8%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−35.8% vs −16.2%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 2%
Compare Aerospace CH UAV Co Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Aerospace & Defense · 237 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−48.4% · Below median
Profitability
Return on equity (12 months)0.2% · Bottom 25%
Return on assets0.2% · Bottom 25%
Net margin (12 months)0.7% · Bottom 25%
Operating margin (12 months)4.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−15.9% · Bottom 25%
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Aerospace & Defense median · lower = cheaper
P/E (12 months)146.3× · Priciest 25%
P/B0.30× · Cheapest 25%
P/S (12 months)0.83× · Cheapest 25%
EV/EBITDA3.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 59
PAST (return on equity)1· sector 40
HEALTH (low debt)100· sector 94
DIVIDEND (yield)7· sector 19
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Aerospace CH UAV Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002389
Frequently asked questions
Is Aerospace CH UAV Co Ltd (002389) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ¥8.31 versus a price of ¥16.09, about −48% upside (overvalued).
What is the fair value of 002389?
Our model-based fair value for Aerospace CH UAV Co Ltd is ¥8.31 (as of Oct 30, 2026), built from audited fundamentals. The current price: ¥16.09.
What is the quality score of 002389?
Aerospace CH UAV Co Ltd has a Quality Score of 44/100. 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 price target for Aerospace CH UAV Co Ltd (002389)?
Our model-based price target is the fair value of ¥8.31 (as of Oct 30, 2026) from 16 valuation models. Cautious scenario ¥6.71, optimistic scenario ¥9.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Aerospace CH UAV Co Ltd stock forecast for 2026?
Our models put fair value at ¥8.31, about −48% upside versus a price of ¥16.09 (overvalued). Cautious scenario ¥6.71, optimistic scenario ¥9.90. The calculation is refreshed regularly with new filings.
What is the revenue of Aerospace CH UAV Co Ltd (002389)?
Aerospace CH UAV Co Ltd reported trailing-twelve-month revenue of about 2.9B CNY (latest available figure, as of Oct 30, 2026).
Does Aerospace CH UAV Co Ltd pay a dividend?
Aerospace CH UAV Co Ltd currently shows a dividend yield of 0.37% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Aerospace CH UAV Co Ltd (002389)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aerospace CH UAV Co Ltd it is ¥8.31 per share (as of Oct 30, 2026), against a price of ¥16.09. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Aerospace CH UAV Co Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 002389 trades above its calculated fair value: price ¥16.09, fair value ¥8.31, a gap of about −48% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 002389?
No. The price is what the market pays today (¥16.09); the fair value is what the company's own numbers justify (¥8.31). For Aerospace CH UAV Co Ltd the two are ¥7.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aerospace CH UAV Co Ltd worth?
The market values Aerospace CH UAV Co Ltd at about 15.9B CNY (market capitalisation, as of Oct 30, 2026). Per share that is ¥16.09; our models calculate a fair value of ¥8.31 per share.
What do the bullish and bearish scenarios say about 002389?
Our models span a range for Aerospace CH UAV Co Ltd: cautious scenario ¥6.71, base ¥8.31, optimistic ¥9.90 per share (as of Oct 30, 2026, price ¥16.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002389?
Aerospace CH UAV Co Ltd trades at a price-to-earnings ratio of 146.3 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥8.31 is built from several models across several years. Other multiples: P/B 0.3, P/S 0.8, EV/EBITDA 3.4.
How solid is the balance sheet of Aerospace CH UAV Co Ltd (002389)?
Balance-sheet figures for Aerospace CH UAV Co Ltd (as of Oct 30, 2026): return on equity 0.2%. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is 002389 from its 52-week high?
Aerospace CH UAV Co Ltd trades at ¥16.09, about 45% below its 52-week high of ¥29.21 and at the low of ¥16.09 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ¥8.31 is for.
Which stocks are comparable to Aerospace CH UAV Co Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Lockheed Martin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aerospace CH UAV Co Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price ¥16.09, calculated fair value ¥8.31 (−48%), Quality Score 44/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 002389 calculated?
We run Aerospace CH UAV Co Ltd through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥8.31, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Aerospace CH UAV Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aerospace CH UAV Co Ltd (002389)?
The closing price on Oct 30, 2026 was ¥16.09. Our model-based fair value is ¥8.31, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aerospace CH UAV Co Ltd right now?
The price sits above even our optimistic bull case (¥9.90). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Aerospace CH UAV Co Ltd (002389) come from?
Earnings per share at Aerospace CH UAV Co Ltd grew −4.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.4 %, EBIT margin −11.6 %, tax rate −0.9 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Aerospace CH UAV Co Ltd
How large is the market capitalisation of Aerospace CH UAV Co Ltd (002389)?
The market capitalisation of Aerospace CH UAV Co Ltd is 15.9B CNY (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aerospace CH UAV Co Ltd (002389)?
The price-to-sales ratio of Aerospace CH UAV Co Ltd is 1.35 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aerospace CH UAV Co Ltd (002389)?
Earnings per share at Aerospace CH UAV Co Ltd are ¥0.1100 (price ÷ EPS = P/E 146.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Aerospace CH UAV Co Ltd (002389)?
The dividend yield of Aerospace CH UAV Co Ltd is 0.4% (payout 54.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Aerospace CH UAV Co Ltd (002389)?
The net margin of Aerospace CH UAV Co Ltd is 0.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Aerospace CH UAV Co Ltd (002389)?
The return on equity (ROE) of Aerospace CH UAV Co Ltd is 0.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Aerospace CH UAV Co Ltd (002389)?
On an EBIT basis the return on assets of Aerospace CH UAV Co Ltd is 2.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aerospace CH UAV Co Ltd (002389)?
The operating margin of Aerospace CH UAV Co Ltd is 4.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aerospace CH UAV Co Ltd (002389)?
Revenue at Aerospace CH UAV Co Ltd is growing −15.9% versus a year earlier (3y avg −8.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aerospace CH UAV Co Ltd (002389)?
Earnings per share at Aerospace CH UAV Co Ltd are growing −46.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Aerospace CH UAV Co Ltd (002389) generate?
The free cash flow of Aerospace CH UAV Co Ltd is −486M CNY (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Aerospace CH UAV Co Ltd (002389) hold?
Aerospace CH UAV Co Ltd holds more cash than debt, 441M CNY net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Oct 30, 2026